Amounts and Terms of the Commitments Sample Clauses

Amounts and Terms of the Commitments. (a) Each Lender severally agrees, on the terms and conditions set forth herein, to make loans denominated in dollars to the Company (each such loan, a “Revolving Credit Loan”) from time to time on any Business Day during the period from the Effective Date to the Termination Date, so long as (a) with respect to any Lender, such Revolving Credit Loans then requested to be made by such Lender do not exceed such Lender’s Pro Rata Share of the aggregate amount of all Loans then requested from the Lenders, and (b) the sum of the aggregate principal amount of all Revolving Credit Loans by all Lenders hereunder plus the aggregate principal amount of all Swing Line Loans plus the LC Obligation outstanding at any time does not exceed the lesser of the Borrowing Base and the Elected Commitment Amount in effect at such time. Subject to the terms and conditions hereof, until the Termination Date, Company may borrow, repay, and reborrow hereunder. (b) Upon the request of any Lender made through the Administrative Agent, the Company shall execute and deliver to such Lender (through the Administrative Agent) a promissory note from the Company payable to such Lender or its registered assigns (herein called such Lender’s “Note” and collectively, the “Notes”). The amount of principal owing on any Lender’s Note at any given time shall be the aggregate amount of all Loans theretofore made by such Lender minus all payments of principal theretofore received by such Lender on such Note. Interest on each Note shall accrue and be due and payable as provided herein and therein. (c) Subject to the terms and conditions of Section 2.10 below and relying upon the agreements of the Lenders set forth herein, the Issuing Lender agrees to issue Letters of Credit as support for Derivative Contracts covering Oil and Gas commodities as approved by the Administrative Agent and other purposes permitted hereunder, upon the request of the Company at any time and from time to time on and after the Effective Date and up to, but excluding, the Termination Date (the “Availability Period”). The Lenders severally agree to participate in all Letters of Credit and drawings thereunder. No Letter of Credit will be issued in a face amount which, after giving effect to the issuance of such Letter of Credit, would cause the LC Obligation to exceed $75,000,000 or the Effective Amount to exceed the Borrowing Base then in effect. (d) On the Effective Date (a) the commitments of the lenders under the Existing Cred...
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Amounts and Terms of the Commitments. Section 2.01 General Description of the Loans Section 2.02 Construction and Term Loan Commitment Section 2.03 Procedure for Construction Borrowings Section 2.04 Term Loan Conversion Section 2.05 Revolving Loan Commitment Section 2.06 Procedure for Revolving Borrowings
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Amounts and Terms of the Commitments. 13 SECTION 2.01. Commitments.............................................13 SECTION 2.02. Procedures for Advances.................................14
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Amounts and Terms of the Commitments. 14 ARTICLE III CONDITIONS PRECEDENT 33 ARTICLE IV REPRESENTATIONS AND WARRANTIES 34
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Amounts and Terms of the Commitments. (a) Subject to and upon the terms and conditions set forth herein, each Lender made on the Closing Date a term loan or term loans (each, a “Closing Date Term Loan” and, collectively, the “Closing Date Term Loans”) to the Borrower, which Closing Date Term Loans (A) were incurred pursuant to a single drawing on the Closing Date, (B) were denominated in Dollars and (C) except as hereinafter provided, were, at the option of the Borrower, incurred and maintained as, and/or converted into, Base Rate Loans or SOFR Loans. On and after the Sixth Amendment Effective Date, all term loans outstanding under the Original Credit Agreement (including all Closing Date Term Loans) were replaced entirely by Amendment No. 6 Refinancing Term Loans and each reference herein and in the Loan Documents to “Initial Term Loans” and “Term Loans” on and after the Sixth Amendment Effective Date shall be deemed a reference to the Amendment No. 6 Refinancing Term Loans, except as the context may otherwise require. On and after the Seventh Amendment Effective Date, all term loans outstanding under the Existing Credit Agreement (including all Amendment No. 6 Refinancing Term Loans) were replaced entirely by Amendment No. 7 Refinancing Term Loans and each reference herein and in the Loan Documents to “Initial Term Loans” and “Term Loans” on and after the Seventh Amendment Effective Date shall be deemed a reference to the Amendment No. 7 Refinancing Term Loans, except as the context may otherwise require.
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Amounts and Terms of the Commitments. (a) Each Lender severally agrees, on the terms and conditions set forth herein, to make loans to the Company (each such loan, a "Loan") from time to time on any Business Day during the
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Amounts and Terms of the Commitments. Section 2.01 General Description of the Loans Section 2.02 Construction Loan Commitment
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Amounts and Terms of the Commitments 
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Related to Amounts and Terms of the Commitments

  • Amount and Terms of the Commitments Section 2.1. General Description of Facilities

  • Amounts and Terms of Commitments Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Closing Date to the Termination Date (as the same may be extended pursuant to Section 2.09 hereof); and the Administrative Agent agrees, on the terms and conditions hereinafter set forth, to make Swing-Line Advances to the Borrower from time to time on any Business Day during the period from the Closing Date to the Termination Date (as the same may be extended pursuant to Section 2.09 hereof); and the Administrative Agent and the Issuing Bank agree, on the terms and conditions hereinafter set forth, to issue Letters of Credit for the account of the Borrower from time to time on any Business Day during the period from the Closing Date to the Termination Date (as the same may be extended pursuant to Section 2.09 hereof). The aggregate amount of each Bank's obligation to make Advances, together with such Bank's share of funding for any Letter of Credit upon negotiation by the beneficiary thereof, shall not exceed at any time the amount set forth opposite such Bank's name in SCHEDULE 1 under the heading "Commitment", and the aggregate amount of the Administrative Agent's obligation to make Advances and Swing-Line Advances, together with the Administrative Agent's share of funding for any Letter of Credit upon negotiation by the beneficiary thereof, shall not exceed at any time the amount set forth opposite the Administrative Agent's name in SCHEDULE 1 under the heading "Commitment" (such amount, as the same may be reduced pursuant to the terms of this Agreement, being such Bank's "Revolving Commitment"); PROVIDED, HOWEVER, that, after giving effect to any Borrowing, any Swing-Line Borrowing or any Issuance, the aggregate principal amount of all outstanding Advances, all outstanding Swing-Line Advances, and all outstanding Letters of Credit shall not exceed the amount of the Aggregate Commitment. Within the limits of the Aggregate Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow, prepay, and reborrow.

  • Amount and Terms of the Commitment 5 Section 2.1 The Advances................................................ 5 Section 2.2 Making the Advances......................................... 6 Section 2.3 Fees........................................................ 7 Section 2.4 Reduction or Termination of the Commitment.................. 8 Section 2.5 Repayments of Interest Advances or the Final Advance....

  • Amounts and Terms of the Loans 2.1. The Revolving Credit Loans.............................................29 2.2. The Swing Loans........................................................30 2.3. Making the Loans.......................................................30 2.4. Fees...................................................................32 2.5. Reduction and Termination of the Revolving Credit Commitments..........32 2.6. Repayment..............................................................32 2.7. Prepayments............................................................32 2.8. Conversion/Continuation Option.........................................34 2.9. Interest...............................................................35 2.10. Interest Rate Determination...........................................35 2.11.

  • Amounts and Terms of the Advances SECTION 2.01. The A Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Borrower from time to time on any Business Day during the period from the Closing until the Termination Date in an aggregate outstanding amount not to exceed at any time such Lender's Available Commitment, provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Lenders ratably according to their respective Percentages (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $10,000,000 (or, if lower, the amount of the Available Commitments) or an integral multiple of $1,000,000 in excess thereof and shall consist of A Advances of the same Type made on the same day by the Lenders ratably according to their respective Percentages. Within the limits of each Lender's Commitment and as hereinabove and hereinafter provided, the Borrower may request Extensions of Credit hereunder, and repay or prepay Advances pursuant to Section 2.11 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereof. (b) In no event shall the Borrower be entitled to request or receive any Extensions of Credit that would cause the principal amount outstanding hereunder to exceed the Commitments.