Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with §2.7 hereof, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit Commitment minus such Bank’s Commitment Percentage of the sum of all Drawing Amounts and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all Drawing Amounts and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§11 and 12, in the case of the initial Loans to be made on the Closing Date, and §12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit Agreement (Weider Nutrition International Inc)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between from the Closing Date and up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Administrative Agent given in accordance with §2.7 hereofSection 2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit Lender's Commitment minus such Bank’s Lender's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11at such time. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s Lender's Commitment PercentagePercentage in respect of Revolving Credit Loans. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§11 Section 12 and 12Section 13, in the case of the initial Revolving Credit Loans to be made on the Closing Date, and §12Section 13, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Buca Inc /Mn)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent Agents given in accordance with §2.7 hereof2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit 's Commitment minus such Bank’s 's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Commitment. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s 's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§11 and 12, in the case of the initial Loans to be made on the Closing Date, and §12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Dollar Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Dollar Agent given in accordance with §2.7 hereofSection 8.3, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Dollar Bank’s Revolving Credit 's Commitment minus such Dollar Bank’s 's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Revolver Commitment. The Revolving Credit Loans shall be made pro rata in accordance with each Dollar Bank’s 's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§11 Section 14 and 12Section 15, in the case of the initial Revolving Credit Loans to be made on the Closing Date, and §12Section 15, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit, Term Loan and Gold Consignment Agreement (Marks Bros Jewelers Inc)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between from the Closing Date and up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with §2.7 hereofSection 2.7, such sums Syndicated Loans as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit 's Commitment minus such Bank’s 's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Commitment. The Revolving Credit Syndicated Loans shall be made pro rata in accordance with each Bank’s 's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§Sections 11 and 12, in the case of the initial Loans to be made on the Closing Date, and §Section 12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks Lenders severally agrees to lend to the Borrower Borrowers and the each Borrower may borrow, repay, and reborrow from time to time between from the Closing Date and up to but not including the Revolving Credit Loan Maturity Date upon notice by the a Borrower to the Administrative Agent given in accordance with §2.7 hereofSection 2.6, such sums as are requested by the such Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit Lender's Commitment minus such Bank’s Lender's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11at such time. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s Lender's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower Borrowers that the conditions set forth in §§11 Section 13 and 12Section 14, in the case of the initial Revolving Credit Loans to be made on the Closing Date, and §12Section 14, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between from the Closing Date and to the Revolving Credit Loan Final Maturity Date upon notice by the Borrower to the Administrative Agent given in accordance with §2.7 hereofSection 2.6, such sums sums, in Dollars, as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit Lender's Commitment minus such Bank’s Lender's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, ; provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11at such time. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s Lender's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§11 Section 10 and 12Section 11, in the case of the initial Revolving Credit Loans to be made on the Closing Date, and §12Section 11, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Effective Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with §2.7 hereofSection 2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit 's Commitment minus MINUS such Bank’s 's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided PROVIDED that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all PLUS the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Availability. The Revolving Credit Loans shall be made pro rata PRO RATA in accordance with each Bank’s 's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§Section 11 and Section 12, in the case of the initial Loans to be made on the Closing DateRevolving Credit Loans, and §Section 12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit Agreement (Republic Engineered Steels Inc)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between from the Closing Date and up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Administrative Agent given in accordance with §2.7 hereofSection 2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit 's Commitment minus such Bank’s 's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Commitment. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s 's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§11 Section 12 and 12Section 13, in the case of the initial Revolving Credit Loans to be made on the Closing Date, and §12Section 13, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Bangor Hydro Electric Co)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally Lender agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between from the Closing Date and up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent Lender given in accordance with §2.7 hereofss. 2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit the Commitment minus such Bank’s Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (a) the Total Revolving Credit Commitment and, if applicable, at such time and (ii) the Borrowing Base described in §2.11. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s Commitment PercentageAvailability at such time. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§ss. 11 and ss. 12, in the case of the initial Revolving Credit Loans to be made on the Closing Date, and §ss. 12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (DSL Net Inc)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between from the Closing Date and up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with §2.7 hereofSection 2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit 's Commitment minus such Bank’s 's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Commitment. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s 's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§11 Section 12 and 12Section 13, in the case of the initial Revolving Credit Loans to be made on the Closing Date, and §12Section 13, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit Agreement (Aztec Technology Partners Inc /De/)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks Lenders severally (and not jointly) agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Effective Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Administrative Agent given in accordance with §2.7 hereof(S)2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit Lender's Commitment minus such Bank’s Lender's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Availability. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s Lender's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§11 (S)11 and 12(S)12, in the case of the initial Loans to be made on the Closing DateRevolving Credit Loans, and §12(S)12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit Agreement (Blue Steel Capital Corp)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks Lenders severally agrees to lend to the Borrower Borrowers and the Borrower Borrowers may borrow, repay, and reborrow from time to time between from the Closing Date and up to but not including the Revolving Credit Loan Maturity Date upon notice by the a Borrower to the Administrative Agent given in accordance with §2.7 hereof2.6, such sums as are requested by the Borrower Borrowers up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such BankLender’s Revolving Credit Commitment minus such BankLender’s Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the sum of the outstanding amount of the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (a) the Total Revolving Credit Commitment and, if applicable, at such time and (b) the Borrowing Base described in §2.11at such time. The Revolving Credit Loans shall be made pro rata in accordance with each BankLender’s Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower Borrowers that the conditions set forth in §§11 and §12, in the case of the initial Loans to be made on the Closing Date, and §12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit Agreement (Seneca Foods Corp /Ny/)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally agrees to lend to the Borrower Borrowers and the Borrower Borrowers may borrow, repay, and reborrow from time to time between the Closing Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower Borrowers to the Agent given in accordance with §2.7 Section 2.6 hereof, such sums as are requested by the Borrower Borrowers up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit 's Commitment Amount minus such Bank’s 's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Maximum Availability. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s 's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower Borrowers that the conditions set forth in §§Section Section 11 and 1212 hereof, in the case of the initial Loans to be made on the Closing Date, and §12Section 12 hereof, in the case of all other Revolving Credit Loans, have been satisfied on the date of such requestrequest or waived by the Banks in accordance with Section 26 hereof.
Appears in 1 contract
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between from the Closing Date and up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Administrative Agent given in accordance with §2.7 hereof(S)2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit Lender's Commitment minus such Bank’s Lender's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11at such time. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s Lender's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§11 (S)11 and 12(S)12, in the case of the initial Loans to be made on the Closing Date, and §12(S)12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Senior Unsecured Revolving Credit Agreement (Barnes Group Inc)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks Lenders severally agrees to lend to the Borrower Borrowers and the Borrower Borrowers may borrow, repay, and reborrow from time to time between from the Closing Date and up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower Borrowers to the Agent given in accordance with §2.7 hereofss.2.6, such sums as are requested by the Borrower Borrowers up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Lender's Revolving Credit Commitment minus such Bank’s Lender's Commitment Percentage of the sum all Letter of all Drawing Amounts and all Unpaid Reimbursement ObligationsCredit Exposure, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all Drawing Amounts and all Unpaid Reimbursement Obligations the Letter of Credit Exposure shall not at any time exceed the lesser of (i) the Total Revolving Credit Commitment and, if applicable, and (ii) the Borrowing Base described in §2.11Base. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s Lender's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower Borrowers that the conditions set forth in §§11 and 12ss.11, in the case of the initial Loans conditions to be made satisfied on the Closing Date, and §12ss.12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with §2.7 hereofss 2.6, such sums as are requested by the Borrower up to a maximum aggregate principal amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit 's Commitment minus such Bank’s 's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Commitment. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s 's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§ss 11 and ss 12, in the case of the initial Revolving Credit Loans to be made on the Closing Date, and §ss 12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between from the Closing Date and up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with §2.7 hereof2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit 's Commitment minus such Bank’s 's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Commitment. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s 's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §12 and §11 and 1213, in the case of the initial Revolving Credit Loans to be made on the Closing Date, and §1213, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Fargo Electronics Inc)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with §2.7 hereof[Section]2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit 's Commitment minus MINUS such Bank’s 's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided PROVIDED that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all PLUS the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Commitment. The Revolving Credit Loans shall be made pro rata PRO RATA in accordance with each Bank’s 's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§11 [Section]11 and 12[Section]12, in the case of the initial Loans to be made on the Closing Date, and §12[Section]12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit Agreement (Hadco Acquisition Corp)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks Lenders severally (and not jointly) agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Effective Date and the Revolving Credit Loan Maturity Termination Date upon notice by the Borrower to the Administrative Agent given in accordance with §2.7 hereofSection 2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit Lender's Commitment minus MINUS such Bank’s Lender's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided PROVIDED that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all PLUS the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Availability. The Revolving Credit Loans shall be made pro rata PRO RATA in accordance with each Bank’s Lender's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§Section 11 and Section 12, in the case of the initial Loans to be made on the Closing DateRevolving Credit Loans, and §Section 12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit Agreement (Republic Technologies International Holdings LLC)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally (and not jointly) agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Effective Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with §2.7 hereofSection 2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit 's Commitment minus such Bank’s 's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Availability. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s 's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§Section 11 and Section 12, in the case of the initial Loans to be made on the Closing DateRevolving Credit Loans, and §Section 12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks severally agrees to lend to the Borrower Borrowers and the Borrower Borrowers may borrow, repay, and reborrow from time to time between from the Closing Date and up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower Borrowers to the Agent given in accordance with §2.7 hereofSection 2.6, such sums as are requested by the Borrower Borrowers up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank’s Revolving Credit 's Commitment minus MINUS such Bank’s 's Commitment Percentage of the sum of all the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations, provided PROVIDED that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all PLUS the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of the Total Revolving Credit Commitment and, if applicable, the Borrowing Base described in §2.11Commitment. The Revolving Credit Loans shall be made pro rata PRO RATA in accordance with each Bank’s 's Commitment Percentage. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrower Borrowers that the conditions set forth in §§Section 11 and Section 12, in the case of the initial Loans to be made on the Closing Date, and §Section 12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit Agreement (American Restaurant Group Inc)
Commitment to Lend. Subject to the terms and conditions set forth in this Credit Agreement, each of the Banks Revolving Credit Lender severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with §2.7 hereofSection 2.5, (each a “Revolving Loan” and collectively “Revolving Credit Loans”) such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such BankRevolving Credit Lender’s Revolving Credit Commitment minus such Bank’s Loan Commitment Percentage of the sum of all Drawing Amounts and all Unpaid Reimbursement Obligationsrequested by Borrower hereunder; provided, provided that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus all the Foreign Exchange Reserve plus the Omniglow Reserve plus the Maximum Drawing Amounts Amount and all Unpaid Reimbursement Obligations Obligations, shall not at any time exceed the lesser of (a) the Total Revolving Credit Loan Commitment and, if applicable, and (b) the Borrowing Base described in §2.11. The Revolving Credit Loans shall be made pro rata in accordance with each Bank’s Commitment PercentageBase. Each request for a Revolving Credit Loan or the entering into a Foreign Exchange Contract or the submission of an application for the issuance of a Letter of Credit hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §§11 and 12Article 13, in the case of the initial Loans to be made entering into this Credit Agreement on the Closing Date, and §12Article 14, in the case of all other Revolving Credit Loans, others have been satisfied on the date of such request.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Cyalume Technologies Holdings, Inc.)