Commitments of the Banks Clause Samples

Commitments of the Banks. Each Bank severally agrees to make revolving loans (each a “Loan”) to the Company, and each Issuer agrees to issue Letters of Credit for the account of the Company (or jointly and severally for the account of the Company and Centennial International), and each Bank severally agrees to participate in each such Letter of Credit as more fully set forth in Section 2.16, from time to time on or prior to the Termination Date; provided that (i) the aggregate amount of the outstanding Letter of Credit Obligations shall not exceed $50,000,000, (ii) after giving effect to any Credit Extension (and the use of proceeds thereof), the Company shall be in compliance with the last sentence of Section 7.12, (iii) the Outstanding Credit Exposure of any Bank shall not at any time exceed such Bank’s Commitment, (iv) the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate Commitment and (v) unless otherwise agreed to by a particular Issuer, the aggregate stated amount of the outstanding Letters of Credit issued by each Issuer shall not exceed $6,000,000. Subject to the terms of this Agreement, the Company may borrow, repay and reborrow Loans at any time prior to the Termination Date.

Commitments of the Banks. BORROWING AND CONVERSION PROCEDURES; LETTER OF CREDIT PROCEDURES; SWING LINE LOANS.

Commitments of the Banks. (a) Revolving Credit Advances. Each Bank agrees, for itself only, subject to the terms and conditions of this Agreement, to make Revolving Credit Loans to the Borrowers pursuant to Section 2.4 and to participate in Letter of Credit Advances to the Borrowers pursuant to Section 2.4, from time to time from and including the Effective Date to but excluding the Termination Date, not to exceed in aggregate principal amount at any time outstanding the amount determined pursuant to Section 2.1(c). On the date of each Advance, the aggregate principal amount of all Advances, including the Advances to be made or requested on such date, shall not exceed the Aggregate Commitment.

Commitments of the Banks. BORROWING, CONVERSION AND LETTER OF CREDIT PROCEDURES.

Commitments of the Banks. (a) Each Bank agrees, for itself only, subject to the terms and conditions of this Agreement, to make Revolving Credit Loans denominated in any Syndicated Currency to the Borrowers pursuant to Section 2.6 and Section 3.3 and to participate in Letter of Credit Advances denominated in any Syndicated Currency to the Borrowers pursuant to Section 2.6, from time to time from and including the Effective Date to but excluding the Termination Date, not to exceed in aggregate principal amount at any time outstanding the amount of its respective Revolving Credit Commitment as of the date any such Advance is made; provided, however, that (i) the Dollar Equivalent of the aggregate principal amount of Letter of Credit Advances outstanding at any time shall not exceed $50,000,000, (ii) the Dollar Equivalent of all Alternate Currency Loans outstanding at any time shall not exceed $100,000,000, (iii) the Dollar Equivalent of all Revolving Credit Advances, all Swing Loans and all Alternate Currency Loans outstanding at any time shall not exceed the aggregate Commitments, (iv) the Dollar Equivalent of all Revolving Credit Advances and all Swing Loans outstanding at any time shall not exceed the aggregate Revolving Credit Commitments, and (v) the Dollar Equivalent of all Alternate Currency Loans outstanding at any time shall not exceed the aggregate Alternate Currency Commitments. (b) Subject to the terms and conditions of this Agreement and the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Termination Date (unless an earlier termination date shall be specified in the applicable Alternate Currency Addendum), the Agent and the applicable Alternate Currency Banks agree, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make Alternate Currency Loans under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Bank's applicable Alternate Currency Commitment; provided, however, (i) at no time shall the Dollar Equivalent of the outstanding principal amount of all Alternate Currency Loans exceed the least of (A) $100,000,000, (B) the aggregate Alternate Currency Commitments or (C) the aggregate amount that would be permitted by...

Commitments of the Banks. Each Bank agrees, for itself only, subject to the terms and conditions of this Agreement, to make a Loan denominated in any Permitted Currency to the Borrower pursuant to Section 2.4, which Loan shall be drawn in a single disbursement within twenty (20) days after the Effective Date, not to exceed in aggregate principal amount at any time outstanding the amount of its respective Commitment as of the date such Loan is made.

Commitments of the Banks. Each Bank agrees, for itself only, subject to the terms and conditions of this Agreement, to make Loans to the Company, from time to time from and including the Effective Date to but excluding the Termination Date, not to exceed in aggregate principal amount at any time outstanding the amount of the Commitment of such Bank as of the date any such Loan is made.

Commitments of the Banks. The Tranche 1 Commitment Fee shall be computed on the basis of the actual number of days elapsed in a year of 360 days and the accrued portion of which shall be payable on the last day of each fiscal quarter of the Company in each year, commencing with the fiscal quarter ending in August, 1996, and on the date on which the Tranche 1 Commitment of such Bank shall be terminated as provided herein. The Tranche 1 Commitment Fee due to each Bank shall commence to accrue on the date hereof and shall cease to accrue on the date on which the Tranche 1 Commitment of such Bank shall be terminated as provided herein.

Commitments of the Banks. Each Bank agrees, for itself only, subject to the terms and conditions of this Agreement, to lend to the Company from time to time from the Effective Date until the Termination Date, sums not to exceed in aggregate principal amount at any time outstanding the amount of its Commitment. Each borrowing under this Section 2.1 shall be made from the Banks pro rata in accordance with their Commitments.