Common use of Borrowings Pro Rata Clause in Contracts

Borrowings Pro Rata. Except with respect to the making of Swing Loans by the Swing Line Lender, all Loans hereunder shall be made as follows: (i) all Revolving Loans made, and LC Participations acquired by each Revolving Lender, shall be made or acquired, as the case may be, and held on a pro rata basis based upon each Revolving Lender’s Revolving Facility Percentage of the amount of such Revolving Borrowing or Letter of Credit in effect on the date the applicable Revolving Borrowing is to be made or the Letter of Credit is to be issued, (ii) all Term A Loans shall be made by the Term A Lenders pro rata on the basis of their respective Term A Commitments; and (iii) all Term B Loans shall be made by the Term B Lenders pro rata on the basis of their respective Term B Commitments.

Appears in 1 contract

Sources: Credit Agreement (Cooper Companies Inc)

Borrowings Pro Rata. Except with respect to the making of Swing Swingline Loans by the Swing Line Swingline Lender, all Loans hereunder shall be made as follows: : (i) all Revolving Loans mademade hereunder, and LC Participations and participations in Swingline Loans acquired by each Revolving Lender, shall be made or acquired, as the case may be, and held on a pro rata basis based upon each Revolving Lender’s Revolving Facility Percentage of the amount of such Revolving Borrowing or Letter of Credit in effect on the date the applicable Revolving Borrowing is to be made or the Letter of Credit is to be issued, issued and (ii) all Term A Loans made on the Closing Date shall be made by the Lenders having Term A Lenders Commitments pro rata on the basis of their respective Term A Commitments; and (iii) all Term B Loans shall be made by the Term B Lenders pro rata on the basis of their respective Term B Commitments.

Appears in 1 contract

Sources: Credit Agreement (TRC Companies Inc /De/)

Borrowings Pro Rata. Except with respect to the making of Swing Loans by the Swing Line Lender, all Loans hereunder shall be made as follows: : (i) all Revolving Loans made, and LC Participations acquired by each Revolving Lender, shall be made or acquired, as the case may be, and held on a pro rata basis based upon each Revolving Lender’s Revolving Facility Percentage of the amount of such Revolving Borrowing or Letter of Credit in effect on the date the applicable Revolving Borrowing is to be made or the Letter of Credit is to be issued, ; (ii) all Initial Term A Loans shall be made by the Lenders having Initial Term A Lenders Commitments pro rata on the basis of their respective Initial Term A Commitments; Commitments and (iii) all Extended Term B Loans shall be made by the Lenders having Extended Term B Lenders Loan Commitments pro rata on the basis of their respective Extended Term B Loan Commitments.

Appears in 1 contract

Sources: Credit Agreement (Patheon Inc)

Borrowings Pro Rata. Except with respect to the making of Swing Loans by the Swing Line Lender, all Loans hereunder shall be made as follows: : (i) all Revolving Loans made, and LC Participations acquired by each Revolving Lender, shall be made or acquired, as the case may be, and held on a pro rata basis based upon each Revolving Lender’s Revolving Facility Percentage of the amount of such Revolving Borrowing or Letter of Credit in effect on the date the applicable Revolving Borrowing is to be made or the Letter of Credit is to be issued, ; (ii) all Initial Term A Loans shall be made by the Lenders having Initial Term A Lenders Commitments pro rata on the basis of their respective Initial Term A Commitments; Commitments and (iii) all Extended Term B Loans shall be made by the Lenders having Extended Term B Lenders Loan Commitments pro rata on the basis of their respective Extended Term B Commitments.

Appears in 1 contract

Sources: Credit Agreement (American Dental Partners Inc)