Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of Swingline Loans plus LOC Obligations shall not exceed the lesser of (A) the Borrowing Base and (B) the Revolving Committed Amount then in effect, (ii) the LOC Obligations shall not exceed the LOC Committed Amount and (iii) the principal amount of Swingline Loans shall not exceed the Swingline Commitment.
Appears in 1 contract
Sources: Credit Agreement (Right Management Consultants Inc)
Compliance with Commitments. Immediately after giving --------------------------- effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of Swingline Loans ---- plus LOC Obligations shall not exceed the lesser of (A) the Borrowing Base aggregate ---- Revolving Committed Amount then in effect and (B) the Revolving Committed Amount then in effectBorrowing Base, (ii) the LOC Obligations shall not exceed the LOC Committed Amount and (iii) the principal amount of Swingline Loans shall not exceed the Swingline Commitment.
Appears in 1 contract
Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the lesser of (A) the Borrowing Base Revolving Committed Amount then in effect and (B) the Revolving Committed Amount then in effectBorrowing Base, (ii) the outstanding LOC Obligations shall not exceed the LOC Committed Amount Amount, and (iii) the principal amount of outstanding Swingline Loans shall not exceed the Swingline CommitmentCommitted Amount.
Appears in 1 contract
Sources: Credit Agreement (Primo Water Corp)
Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding Swingline Loans plus outstanding LOC Obligations plus outstanding Additional Alternative Currency Loans shall not exceed the lesser of (A) the Borrowing Base and (B) the Revolving Committed Amount then in effect, (ii) the outstanding LOC Obligations shall not exceed the LOC Committed Amount Amount, and (iii) the principal amount of outstanding Swingline Loans shall not exceed the Swingline CommitmentSublimit.
Appears in 1 contract
Sources: Credit Agreement (Itron Inc /Wa/)
Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of Swingline Loans plus LOC Obligations shall not exceed the lesser of (A) the Borrowing Base Revolving Committed Amount and (B) the Revolving Committed Amount then in effectBorrowing Base, (ii) the LOC Obligations shall not exceed the LOC Committed Amount and (iii) the principal amount of Swingline Loans shall not exceed the Swingline Commitment.
Appears in 1 contract