Amount and Terms of Commitments Sample Clauses
The "Amount and Terms of Commitments" clause defines the specific financial obligations and conditions that parties agree to under a contract, such as the total amount to be provided, payment schedules, and any related requirements. This clause typically outlines how much each party is committing, the timing and method of contributions or payments, and any conditions precedent to funding. Its core practical function is to ensure all parties have a clear understanding of their financial responsibilities, thereby reducing the risk of disputes over payment terms or funding obligations.
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Amount and Terms of Commitments. (a) Subject to the terms and conditions set forth in this Agreement, during the Certain Funds Period, each Lender with a 3-Year Tranche Term Commitment severally agrees to make, Convert and Continue loans in Sterling (each such loan, a “3-Year Sterling Tranche Term Loan”) or, if requested by Borrower, in Dollars (each such loan, a “3-Year Dollar Tranche Term Loan”) in such amounts and currency as Borrower may from time to time request; provided, however, that (i) the Sterling Amount of the 3-Year Tranche Term Loans to be made by any Lender at any time shall not exceed such Lender’s 3-Year Tranche Term Commitment at such time and (ii) to the extent that any of the three (3) draws permitted pursuant to Section 2.01(c) include different currencies, the 3-Year Term Loans shall be subdivided into separate tranches. 3-Year Tranche Term Loans borrowed pursuant to this Section 2.01(a) and repaid or prepaid may not be reborrowed. Upon (i) the making of any 3-Year Sterling Tranche Term Loan by a Lender, such Lender’s 3-Year Tranche Term Commitment shall be permanently reduced by the Sterling Amount of such 3-Year Tranche Term Loan and (ii) the making of any 3-Year Dollar Tranche Term Loan by a Lender, such Lender’s 3-Year Tranche Term Commitment shall be permanently reduced by the Sterling Amount (which shall be determined based on the applicable Exchange Rate as of the date of the delivery of the Request for Extension of Credit under Section 2.02(a)) of such 3-Year Dollar Tranche Term Loan.
(b) Subject to the terms and conditions set forth in this Agreement, during the Certain Funds Period, each Lender with a 5-Year Tranche Term Commitment severally agrees to make, Convert and Continue loans in Sterling (each such loan, a “5-Year Sterling Tranche Term Loan”) or, if requested by Borrower, in Dollars (each such loan, a “5-Year Dollar Tranche Term Loan”) in such amounts as Borrower may from time to time request; provided, however, that (i) the Sterling Amount of the 5-Year Tranche Term Loans to be made by any Lender at any time shall not exceed such Lender’s 5-Year Tranche Term Commitment at such time and (ii) to the extent that any of the three (3) draws permitted pursuant to Section 2.01(c) include different currencies, the 5-Year Term Loans shall be subdivided into separate tranches. 5-Year Tranche Term Loans borrowed pursuant to this Section 2.01(b) and repaid or prepaid may not be reborrowed. Upon (i) the making of any 5-Year Sterling Tranche Term Loan by a Lende...
Amount and Terms of Commitments. 2.1 [Reserved].
2.2 [Reserved].
2.3 [Reserved].
Amount and Terms of Commitments. 13 2.1 Purchases..........................................................13 2.2 Reductions and Extensions of Commitments...........................16 2.3 Interest, Fees, Expenses, Payments, Etc............................17 2.4
Amount and Terms of Commitments. 2.1 Tranche B Term Loan Commitments. Subject to the terms and ------------------------------- conditions hereof, each Tranche B Term Loan Lender severally agrees to make a term loan (a "Tranche B Term Loan") to the Borrower on the Closing Date in an amount not to exceed the amount of the Tranche B Term Loan Commitment of such Lender. The Tranche B Term Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.11.
Amount and Terms of Commitments. (a) Subject to the terms and conditions set forth in this Agreement, each Lender severally agrees to make, Convert and Continue Loans in Dollars until, but not including, the Maturity Date in such amounts as Borrower may from time to time request; provided, however, that (i) the Outstanding Obligations of each Lender shall not exceed such Lender's Commitment at any time, and (ii) the Outstanding Obligations of all Lenders shall not exceed the combined Commitments at any time. This is a revolving credit and, subject to the foregoing and the other terms and conditions hereof (including Section 2.10(d)), Borrower may borrow, Convert, Continue, prepay and reborrow Loans as set forth herein without premium or penalty.
(b) Upon the request of any Lender made through Administrative Agent, a Lender's Loans may be evidenced by a Note, instead of or in addition to its loan accounts or records. Each such Lender may attach schedules to its Note and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto. Any failure so to record or any error in doing so shall not, however, limit or otherwise affect the obligation of Borrower to pay any amount owing with respect to the Obligations.
(i) Administrative Agent shall maintain, at Administrative Agent's Office, a register for the recordation of the names and addresses of Lenders and the Commitments and Extensions of Credit of each Lender from time to time (the "Register"). The Register shall be available for inspection by Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice. Administrative Agent shall maintain the Register, acting, solely for this administrative purpose only, as agent for Borrower (it being acknowledged and agreed that Administrative Agent and each Administrative Agent-Related Person, in such capacity, shall constitute Indemnitees under Section 10.13).
(ii) Administrative Agent shall record in the Register the Commitment and Extensions of Credit from time to time of each Lender, and each repayment or prepayment in respect thereof. Any recordation shall be conclusive and binding on Borrower and each Lender, absent manifest error; provided, however, that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender's Commitment or Outstanding Obligations.
(iii) Each Lender shall record on its internal loan accounts or records (and may record on the Note held by such Lender) the amount of e...
Amount and Terms of Commitments. 9 2.1 Commitments............................................................................. 9 2.2
Amount and Terms of Commitments. 2.1 Revolving Commitments (a). Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to each Borrower from time to time on any Business Day during the Commitment Period, at such times as such Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding to both Borrowers, does not exceed the amount of such Lender’s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to a Borrower to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans made to such Borrower would exceed the Borrowing Base A Limit applicable to such Borrower, (iii) Borrowing Base A Loans may be borrowed by either Borrower and Borrowing Base B Loans may only be borrowed by KECS, (iv) no Borrowing Base B Loans shall be made to KECS to the extent that the aggregate amount of all Borrowing Base B Loans made to it would exceed the Borrowing Base B Limit, (v) no Customer Loans shall be made to KECS to the extent that the aggregate amount of all Customer Revolving Credit Exposures made to it would exceed the aggregate Pledged Eligible Asset Loan Values of the Customer Pledged Eligible Assets, (vi) no Non-Customer Loans shall be made to KECS to the extent that the aggregate amount of all Non-Customer Revolving Credit Exposures made to it would exceed the aggregate Pledged Eligible Asset Loan Values of the Non-Customer Pledged Eligible Assets and (vii) no Firm Loans shall be made to KECS to the extent that the aggregate amount of all Firm Revolving Credit Exposures made to it would exceed the aggregate Pledged Eligible Asset Loan Values of the Firm Pledged Eligible Assets; provided further that Borrowing Base B Loans may not be borrowed on any day in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, a Borrower may borrow and prepay Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof.
Amount and Terms of Commitments. 23 SECTION 2.1 Term Loan Commitments.................................................................... 23 SECTION 2.2 Procedure for Term Loan Borrowing........................................................ 23 SECTION 2.3
Amount and Terms of Commitments. 2.1 Term Loan Commitments; Revolving Credit commitments.
(a) Subject to the terms and conditions hereof, each Term Loan Lender severally agrees to make a term loan (a "Term Loan") to the Borrower on the Closing Date in an amount not to exceed the amount of the Term Loan Commitment of such Lender. The Term Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.8.
(b) Subject to the terms and conditions hereof, each Revolving Credit Lender severally agrees to make revolving credit loans ("Revolving Credit Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed the amount of such Lender's Revolving Credit Commitment. During the Revolving Credit Commitment Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Credit Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.8, provided that no Revolving Credit Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date.
Amount and Terms of Commitments. 24 2.1 Revolving Credit Commitments................................24 2.2 Revolving Credit Notes......................................25 2.3 Procedure for Revolving Credit Borrowing....................25 2.4 Commitment Fee; Administrative Fee..........................26 2.5 Termination or Reduction of Revolving Credit Commitments....