Common use of Amounts and Terms of Commitments Clause in Contracts

Amounts and Terms of Commitments. (a) The Acquisition Credit. ---------------------- Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Company (each such loan, an "Acquisition Revolving --------------------- Loan") from time to time on any Business Day from the Closing Date to the ---- Revolving Termination Date in an aggregate amount not to exceed the amount set forth opposite such Bank's name under the heading "Acquisition Revolving Commitment" on Schedule 2.1 (such Bank's "Acquisition Revolving Commitment"); ------------ -------------------------------- provided, however, after giving effect to any Borrowing of Acquisition Revolving -------- ------- Loans, the Effective Amount of all Acquisition Revolving Loans shall not at any time exceed the aggregate Acquisition Revolving Commitments. Within the limits of each Bank's Acquisition Revolving Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this subsection 2.1(a), prepay under Section 2.5 and reborrow under this subsection 2.1(a).

Appears in 2 contracts

Sources: Credit Agreement (U S Timberlands Co Lp), Credit Agreement (U S Timberlands Finance Corp)

Amounts and Terms of Commitments. (a) The Acquisition Credit. ---------------------- Each Bank severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans to the Company (each such loan, an a "Acquisition Revolving --------------------- Loan") from time to time on any -------------- Business Day during the period from the Closing Date to the ---- Revolving Termination Date Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Bank's name under the heading "Acquisition Revolving Commitment" on Schedule 2.1 2.01 (such amount as the same may be reduced ------------- under Section 2.05 or as a result of one or more assignments under Section 11.08, the Bank's "Acquisition Revolving Commitment"); ------------ -------------------------------- provided, however, that, after giving effect to ---------- -------- ------- any Borrowing of Acquisition Revolving -------- ------- Loans, the Effective Amount of all Acquisition outstanding Revolving Loans and the Effective Amount of all L/C Obligations, shall not at any time exceed the aggregate Acquisition combined Commitments; and provided further, that the --- -------- ------- Effective Amount of the Revolving CommitmentsLoans of any Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's Commitment. Within the limits of each Bank's Acquisition Revolving Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this subsection 2.1(a)section 2.01, prepay under Section 2.5 2.06 and reborrow under this subsection 2.1(a)section 2.01.

Appears in 2 contracts

Sources: Credit Agreement (West Marine Inc), Credit Agreement (West Marine Inc)

Amounts and Terms of Commitments. (a) The Acquisition Credit. ---------------------- Each Bank severally agrees, on -------------------------------- the terms and conditions set forth herein, to make loans to the Company (each such loan, an a "Acquisition Revolving --------------------- Loan") from time to time on any Business Day during the -------------- period from the Closing Date to the ---- Revolving Termination Date Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Bank's name under the heading "Acquisition Revolving Commitment" on Schedule 2.1 -------- 2.01 (such amount, as the same may be reduced under Sections 2.05 or 2.07 or as ---- a result of one or more assignments under Section 11.08, the Bank's "Acquisition Revolving Commitment"); ------------ -------------------------------- provided, however, that, after giving effect to any Borrowing of Acquisition Revolving ---------- -------- ------- Revolving Loans, the Effective Amount of all Acquisition outstanding Revolving Loans Loans, and the Effective Amount of all L/C Obligations, shall not at any time exceed the aggregate Acquisition Combined Commitments; and provided further, that the Effective Amount of the --- -------- ------- Revolving CommitmentsLoans of any Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's Commitment. Within the limits of each Bank's Acquisition Revolving Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this subsection 2.1(a)Section 2.01, prepay under Section 2.5 2.06 and reborrow under this subsection 2.1(a)Section 2.01.

Appears in 1 contract

Sources: Credit Agreement (Cb Richard Ellis Services Inc)

Amounts and Terms of Commitments. (a) The Acquisition Credit. ---------------------- Each Bank severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans to the Company (each such loan, an a "Acquisition Revolving --------------------- Loan") from time to time on any Business Day during the -------------- period from the Closing Date to the ---- Revolving Termination Date Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Bank's name under the heading "Acquisition Revolving Commitment" on Schedule 2.1 -------- 2.01 (such amount, as the same may be reduced under Sections 2.05 or 2.07 or as ---- a result of one or more assignments under Section 11.08, the Bank's "Acquisition Revolving Commitment"); ------------ -------------------------------- provided, however, that, after giving effect to any Borrowing of Acquisition Revolving ---------- -------- ------- Revolving Loans, the Effective Amount of all Acquisition outstanding Revolving Loans Loans, and the Effective Amount of all L/C Obligations, shall not at any time exceed the aggregate Acquisition Combined Commitments; and provided further, that the Effective Amount of the --- -------- ------- Revolving CommitmentsLoans of any Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's Commitment. Within the limits of each Bank's Acquisition Revolving Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this subsection 2.1(a)Section 2.01, prepay under Section 2.5 2.06 and reborrow under this subsection 2.1(a)Section 2.01.

Appears in 1 contract

Sources: Credit Agreement (Cb Commercial Real Estate Services Group Inc)

Amounts and Terms of Commitments. (a) The Acquisition Credit. ---------------------- Each Bank Lender severally agrees, -------------------------------- on the terms and conditions set forth herein, to make loans to any of the Company Borrowers (each such loan, an a "Acquisition Revolving --------------------- Loan") from time to time on any -------------- Business Day during the period from the Closing Date to the ---- Revolving Termination Date in an aggregate amount not to exceed the amount set forth opposite such Bank's name under the heading "Acquisition Revolving Commitment" on Schedule 2.1 (such Bank's "Acquisition Revolving Commitment")Date; ------------ -------------------------------- provided, however, provided that after giving effect to any Borrowing of Acquisition Revolving Loans, the -------- Aggregate Outstandings shall not exceed the Aggregate Commitment Amount; and provided, further, that after giving effect to any Borrowing of Revolving Loans, -------- ------- Loansthe aggregate outstanding principal Dollar Equivalent amount of the Revolving Loans of any Lender plus such Lender's Pro Rata Share of the aggregate outstanding principal amount of all outstanding Swing Line Loans plus (without duplication) the participation of such Lender in (or, in the case of the Issuing Lender, its unparticipated portion of) the Effective Amount of all Acquisition Revolving Loans L/C Obligations shall not at any time exceed the aggregate Acquisition Revolving Commitmentssuch Lender's Commitment. Within the limits of each Bank's Acquisition Revolving Commitmentforegoing limits, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this subsection 2.1(a)Section 2.1, prepay under Section 2.5 2.7 and reborrow under this subsection 2.1(a).----------- ----------- Section 2.1. -----------

Appears in 1 contract

Sources: Credit Agreement (Culligan Water Technologies Inc)

Amounts and Terms of Commitments. (a) The Acquisition Credit. ---------------------- Each Bank Lender -------------------------------- severally agrees, on the terms and conditions set forth herein, to make loans Committed Loans to the Company (each such loan, an "Acquisition Revolving --------------------- Loan") from time to time on any Business Day during the period from the Closing Effective Date to the ---- Revolving Termination Date Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Bank's name under the heading "Acquisition Revolving Commitment" on Schedule 2.1 (such Bank------------ amount, as reduced pursuant to Section 2.7, increased ----------- pursuant to Section 2.17 or changed by one or more ------------ assignments under Section 11.8, such Lender's ------------ "Acquisition Revolving Commitment"); ------------ -------------------------------- provided, however, that, after giving ---------- -------- ------- effect to any Borrowing Committed Borrowing, the aggregate principal amount of Acquisition Revolving -------- ------- all outstanding Loans (whether Committed Loans or Bid Loans, ) plus the Effective Amount of all Acquisition Revolving L/C Obligations shall not ---- exceed the combined Commitments; and provided, --- -------- further, that the aggregate principal amount of the Committed ------- Loans of any Lender plus the participation of such Lender in ---- the Effective Amount of all L/C Obligations shall not at any time exceed the aggregate Acquisition Revolving Commitmentssuch Lender's Commitment. Within the limits of each BankLender's Acquisition Revolving Commitment, and subject to the other terms and conditions hereof, the Company may 22 30 borrow under this subsection 2.1(a)Section 2.1, prepay under Section 2.5 2.8 ----------- ----------- and reborrow under this subsection 2.1(a).Section 2.1. -----------

Appears in 1 contract

Sources: Credit Agreement (Earthgrains Co /De/)

Amounts and Terms of Commitments. (a) The Acquisition Credit. ---------------------- Each Bank Lender -------------------------------- severally agrees, on the terms and conditions set forth herein, to make loans Committed Loans to the Company (each such loan, an "Acquisition Revolving --------------------- Loan") from time to time on any Business Day during the period from the Closing Effective Date to the ---- Revolving Termination Date Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Bank's name under the heading "Acquisition Revolving Commitment" on Schedule 2.1 (such Bank------------ amount, as reduced pursuant to Section 2.7, increased pursuant to ----------- Section 2.17 or changed by one or more assignments under Section ------------ ------- 11.8, such Lender's "Acquisition Revolving Commitment"); ------------ -------------------------------- provided, however, that, after ---- ---------- -------- ------- giving effect to any Borrowing of Acquisition Revolving Committed Borrowing, the Total Outstandings shall not exceed the combined Commitments; and provided, further, --- -------- ------- Loans, that the aggregate principal amount of the Committed Loans of any Lender plus the participation of such Lender in the principal ---- amount of all outstanding Swing Line Loans and in the Effective Amount of all Acquisition Revolving Loans L/C Obligations shall not at any time exceed the aggregate Acquisition Revolving Commitmentssuch Lender's Commitment. Within the limits of each BankLender's Acquisition Revolving Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this subsection 2.1(a)Section 2.1, prepay under ----------- Section 2.5 2.8 and reborrow under this subsection 2.1(a).Section 2.1. ----------- -----------

Appears in 1 contract

Sources: Credit Agreement (Earthgrains Co /De/)