Allocation by Agent. If offers are made by two or more Banks with the same Bid-Option Rates for a greater aggregate principal amount than the amount in respect of which offers are accepted for the related Interest Period, the principal amount of Bid-Option Loans in respect of which such offers are accepted shall be allocated by the Agent among such Banks as nearly as possible (in such multiples, not greater than $100,000, as the Agent may deem appropriate) in proportion to the aggregate principal amount of such offers. Determinations by the Agent of the amounts of Bid-Option Loans shall be conclusive in the absence of manifest error.
Appears in 3 contracts
Sources: Credit Agreement (Invacare Corp), Loan Agreement (Invacare Corp), Loan Agreement (Invacare Corp)