Common use of Reallocation of Pro Rata Share; Amendments Clause in Contracts

Reallocation of Pro Rata Share; Amendments. For purposes of determining Revolver Lenders’ obligations or rights to fund, participate in or receive collections with respect to Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may in its discretion reallocate Pro Rata shares of such Revolver Lenders by excluding a Defaulting Lender’s Commitments and Loans from the calculation of shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 1 contract

Sources: Abl Loan and Security Agreement (Rocky Brands, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Revolver Lenders’ obligations or rights to fund, participate in or receive collections with respect to Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may shall reallocate such obligations and rights to the non-Defaulting Lenders in its discretion reallocate accordance with their Pro Rata shares of such Revolver Lenders by excluding a Defaulting Lender’s Commitments and Loans from the calculation of shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 1 contract

Sources: Loan and Security Agreement (Skechers Usa Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Revolver Lenders’ obligations or rights to fund, participate in or receive collections with respect to applicable Revolver Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may in its discretion reallocate Pro Rata shares of such Revolver Lenders by excluding a Defaulting Lender’s Revolver Commitments and Revolver Loans from the calculation of shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c14.1(a)(iii).

Appears in 1 contract

Sources: Loan and Security Agreement (Hydrofarm Holdings Group, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Revolver Lenders’ obligations to fund or rights to fund, participate in Loans or receive collections with respect to Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations)Credit, Agent may in its discretion reallocate Pro Rata shares of such Revolver Lenders by excluding a Defaulting Lender’s exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of sharesPro Rata shares (provided, however, that, without the prior written consent of such Lender, no Lender shall be obligated, as a result of such exclusion, to fund or participate in Loans or Letters of Credit in excess of its Revolver Commitment). A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 1 contract

Sources: Loan and Security Agreement (Imperial Sugar Co /New/)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Revolver Lenders’ obligations or rights to fund, participate in or receive collections with respect to Revolver Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may in its discretion reallocate Pro Rata shares of such Revolver Lenders by excluding a Defaulting Lender’s Revolver Commitments and Revolver Loans of a Defaulting Lender from the calculation of shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 1 contract

Sources: Loan and Security Agreement (Commercial Vehicle Group, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Revolver Lenders’ obligations or rights to fund, participate in or receive collections with respect to Revolver Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may in its discretion reallocate Pro Rata shares of such Revolver Lenders by excluding the Revolver Commitments and Revolver Loans of a Defaulting Lender’s Commitments and Loans Lender from the calculation of such shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c13.1.1(c).

Appears in 1 contract

Sources: Credit Agreement (Wausau Paper Corp.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Revolver Lenders’ obligations or rights to fund, participate in or receive collections with respect to 45 102904560_9 Revolver Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may in its discretion reallocate Pro Rata shares of such Revolver Lenders by excluding a Defaulting Lender’s Revolver Commitments and Revolver Loans from the calculation of shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 1 contract

Sources: Loan and Security Agreement (Mynd.ai, Inc.)