Loan Amounts and Terms Clause Samples

Loan Amounts and Terms. 2.1 Line of Credit; Option to Increase Line of Credit. ------------------------------------------------- (a) During the Availability Period, Administrative Agent, for Lenders, will provide a revolving line of credit (the "Line of Credit") to Borrower to (i) make advances, and (ii) issue standby letters of credit (each,, a "Letter of Credit" for Borrower's account. (b) The maximum amount of the Line of Credit committed by Lenders is One Hundred Twenty Million Dollars ($120,000,000) (the "Commitment"). Administrative Agent shall disburse funds under the Line of Credit in such amounts as Borrower may request from time to time hereunder, but in no case shall the sum of the total principal amount outstanding under the terms of this Agreement (including the aggregate amount owing to Lenders in connection with drawn and unreimbursed Letters of Credit), plus the aggregate amount of outstanding and undrawn Letters of Credit (the "Total Amount Outstanding"), exceed an aggregate principal amount (the "Available Amount") equal to the smallest of the following, tested at the beginning of each calendar quarter and at the time of each draw hereunder:
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Loan Amounts and Terms. 4 2.1 Line of Credit Amount............................................................. 4 2.2 Availability Period............................................................... 4 2.3 Conditions to Each Extension of Credit............................................ 4 2.4
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Related to Loan Amounts and Terms

  • Amounts and Terms of the Advances SECTION 2.01. The A Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Borrower from time to time on any Business Day during the period from the Closing until the Termination Date in an aggregate outstanding amount not to exceed at any time such Lender's Available Commitment, provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Lenders ratably according to their respective Percentages (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $10,000,000 (or, if lower, the amount of the Available Commitments) or an integral multiple of $1,000,000 in excess thereof and shall consist of A Advances of the same Type made on the same day by the Lenders ratably according to their respective Percentages. Within the limits of each Lender's Commitment and as hereinabove and hereinafter provided, the Borrower may request Extensions of Credit hereunder, and repay or prepay Advances pursuant to Section 2.11 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereof. (b) In no event shall the Borrower be entitled to request or receive any Extensions of Credit that would cause the principal amount outstanding hereunder to exceed the Commitments.