Continued Availability. Notwithstanding anything to the contrary in the Credit Agreement, during the Waiver Period the Borrower shall be permitted (i) to borrow, prepay, in whole or in part, and reborrow, in accordance with the terms and conditions hereof (A) Working Capital Advances and (B) Swing Line Advances, which, in each case, shall be Prime Rate Advances, (ii) to enter into Hedge Agreements pursuant to Section 5.1(d) of this Amendment, and (iii) to open Letters of Credit; provided, however, notwithstanding anything to the contrary in the Credit Agreement, during the Waiver Period the Borrower shall not be permitted to borrow in excess of $40,000,000 (which amount shall include the aggregate amount of the F/X Commitment) without the prior consent of the Administrative Agent and the Lenders.
Appears in 1 contract
Sources: Credit Agreement (PSC Inc)
Continued Availability. Notwithstanding anything to the contrary in the Credit Agreement, during the Waiver Period the Borrower shall be permitted (i) to borrow, prepay, in whole or in part, and reborrow, in accordance with the terms and conditions hereof (A) Working Capital Advances and (B) Swing Line Advances, which, in each case, shall be Prime Rate Advances, (ii) to enter into Hedge Agreements pursuant to Section 5.1(d) of this Amendment, and (iii) to open Letters of Credit; provided, however, notwithstanding anything to the contrary in the Credit Agreement, during the Waiver Period the Borrower shall not be permitted to borrow in excess of $40,000,000 (which amount shall include the aggregate amount of the F/X Commitment) without the prior consent of the Administrative Agent and the Lenders.
Appears in 1 contract
Sources: Credit Agreement (PSC Inc)