Commitment to Make Advances. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Advances to the Borrower from time-to-time on any Business Day during the period from the date of this Agreement until the Maturity Date in an aggregate amount not to exceed at any time outstanding (a) the amount set opposite such Lender's name on the signature pages hereof as its Commitment, or if such Lender has entered into any Assignment and Acceptance, the amount set forth for such Lender as its Commitment in the Register maintained by the Administrative Agent pursuant to Section 9.06(c), as such amount may be reduced pursuant to Section 2.05 (such Lender's "Commitment") LESS (b) such Lender's Pro Rata Share of the Letter of Credit Exposure at such time LESS (c) such Lender's Pro Rata Share of the Swing Line Loan at such time. Each Borrowing shall, in the case of Borrowings consisting of Base Rate Advances or of Eurodollar Rate Advances, be in an aggregate amount not less than $5,000,000 and in integral multiples of $1,000,000 in excess thereof (including additions thereto by a continuation or Conversion pursuant to Section 2.02(b)), and in each case shall consist of Advances of the same Type made (or continued or Converted pursuant to Section 2.02(b), as applicable) on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment and subject to the other terms and conditions of this Agreement, the Borrower may from time to time borrow, prepay pursuant to Section 2.08 and reborrow under this Section 2.01.
Appears in 1 contract
Commitment to Make Advances. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Advances to the Borrower from time-to-time on any Business Day during the period from the date of this Agreement until the Maturity Date in an aggregate amount not to exceed at any time outstanding (a) the amount set opposite such Lender's name on the signature pages hereof as its Commitment, or if such Lender has entered into any Assignment and Acceptance, the amount set forth for such Lender as its Commitment in the Register maintained by the Administrative Agent pursuant to Section 9.06(c), as such amount may be reduced pursuant to Section 2.05 (such Lender's "Commitment") LESS (b) such Lender's Pro Rata Share of the Letter of Credit Exposure at such time LESS (c) such Lender's Pro Rata Share of the Swing Line Loan at such time. Each Borrowing shall, in the case of Borrowings consisting of Base Rate Advances or Advances, be in an aggregate amount not less than $1,000,000 and in integral multiples of $100,000 in excess thereof, and in the case of Borrowings consisting of Eurodollar Rate Advances, be in an aggregate amount not less than $5,000,000 and 1,000,000 or in integral multiples of $1,000,000 100,000 in excess thereof (including additions thereto by a continuation or Conversion pursuant to Section 2.02(b))thereof, and in each case shall consist of Advances of the same Type made (or continued or Converted pursuant to Section 2.02(b), as applicable) on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment and subject to the other terms and conditions of this Agreement, the Borrower may from time to time borrow, prepay pursuant to Section 2.08 and reborrow under this Section 2.01.
Appears in 1 contract
Commitment to Make Advances. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Advances to the Borrower from time-to-time on any Business Day during the period from the date of this Agreement until the Maturity Date in an aggregate amount not to exceed at any time outstanding (a) the amount set opposite such Lender's name on the signature pages hereof of Amendment No. 3 as its Commitment, or if such Lender has entered into any Assignment and Acceptance, the amount set forth for such Lender as its Commitment in the Register maintained by the Administrative Agent pursuant to Section 9.06(c), as such amount may be reduced pursuant to Section 2.05 (such Lender's "Commitment") LESS (b) such Lender's Pro Rata Share of the Letter of Credit Exposure at such time LESS (c) such Lender's Pro Rata Share of the Swing Line Loan at such time. Up to two Borrowings outstanding at any given time may, in the case of Borrowings consisting of Base Rate Advances or of Eurodollar Rate Advances, be in an aggregate amount of not less than $1,000,000 each and in integral multiples of $1,000,000 in excess thereof (including additions thereto by a continuation or Conversion pursuant to Section 2.02(b)). Each other Borrowing shall, in the case of Borrowings consisting of Base Rate Advances or of Eurodollar Rate Advances, be in an aggregate amount not less than $5,000,000 and in integral multiples of $1,000,000 in excess thereof (including additions thereto by a continuation or Conversion pursuant to Section 2.02(b)). In each case, and in each case Borrowings shall consist of Advances of the same Type made (or continued or Converted pursuant to Section 2.02(b), as applicable) on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment and subject to the other terms and conditions of this Agreement, the Borrower may from time to time borrow, prepay pursuant to Section 2.08 and reborrow under this Section 2.01.
Appears in 1 contract