Common use of Compliance with Commitments Clause in Contracts

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 Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount and (ii) the outstanding LOC Obligations shall not exceed the LOC Committed Amount.

Appears in 2 contracts

Sources: Credit Agreement (Bassett Furniture Industries Inc), Credit Agreement (Lower Road Associates LLC)

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 outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effect and (ii) the outstanding LOC Obligations shall not exceed the LOC Committed Amount.

Appears in 2 contracts

Sources: Credit Agreement (Impax Laboratories Inc), Credit Agreement (Eclipsys 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 outstanding LOC Obligations shall not exceed the Revolving Committed Amount and (ii) the outstanding LOC Obligations shall not exceed the LOC Committed Amount.

Appears in 2 contracts

Sources: Credit Agreement (Dollar Tree Stores Inc), Credit Agreement (Dollar Tree Stores 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 outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effect, and (ii) the outstanding LOC Obligations shall not exceed the LOC Committed Amount.

Appears in 1 contract

Sources: Credit Agreement (Sunair Electronics 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 outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effect and (ii) the outstanding LOC Obligations shall not exceed the LOC Committed Amount.

Appears in 1 contract

Sources: Credit Agreement (Fisher Communications 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 Loans plus outstanding LOC Obligations shall not exceed the aggregate Revolving Committed Amount of all of the Banks, and (ii) the outstanding LOC Obligations shall not exceed the LOC Committed Amount.

Appears in 1 contract

Sources: Revolving Credit Agreement (Universal Health Realty Income Trust)

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 outstanding LOC Obligations ---- shall not exceed the Revolving Committed Amount then in effect and (ii) the outstanding LOC Obligations shall not exceed the LOC Committed Amount.

Appears in 1 contract

Sources: Credit Agreement (Fisher Communications Inc)