Common use of PAYMENT CONSTITUTING RATABLE PORTION Clause in Contracts

PAYMENT CONSTITUTING RATABLE PORTION. If such Bank pays to the Administrative Agent or the applicable Designated European Administrative Agent, as the case may be, the Bank's Ratable Portion of such Revolving Credit Borrowing, Term Borrowing or participation purchase price for its participating interests hereunder prior to repayment of such amount by the applicable Borrower, the amount so repaid shall constitute such Bank's Ratable Portion of such Revolving Credit Borrowing, Term Borrowing or participation purchase price for its participating interest. Such payment shall be applied as if paid when otherwise required hereunder and shall be applied as provided in Section 2.3, 2.7(j), 2.12(f), 2.7(k) or 2.12(f) hereof, as the case may be. In such circumstances, such Borrower shall have no further obligation to make the payment required by this Section.

PAYMENT CONSTITUTING RATABLE PORTION. If such Bank pays to the Administrative Agent or the applicable Designated European Administrative Agent, as the case may be, the Bank's Ratable Portion of such Revolving Credit Borrowing, Borrowing or Term Borrowing or such Bank's participation purchase price for its participating interests hereunder price, as the case may be, prior to repayment of such amount by the applicable Borrower, the amount so repaid shall constitute such Bank's Ratable Portion of such Revolving Credit Borrowing, Borrowing or Term Borrowing or participation purchase price for its participating interestprice, as the case may be. In such circumstances, the Borrowers shall have no further obligation to make the payment required by this Section. Such payment shall be applied as if paid when otherwise required hereunder and shall be applied as provided in Section 2.3, 2.7(j), 2.12(f), 2.7(k) or 2.12(fSections 2.3 and 2.11(g) hereof, as the case may be. In such circumstances, such Borrower shall have no further obligation to make the payment required by this Section.