Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding at any time shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Base Rate Loans or LIBOR Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof.
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Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally severally, but neither jointly nor jointly and severally, agrees to ratably make revolving credit loans in Dollars and Available Foreign Currencies (the each a “Revolving LoansLoan”) and Letters of Credit in Dollars (or any other currency agreed to by the applicable LC Issuer) to the Borrower Borrowers for the purposes hereinafter set forth from time to time in an aggregate principal Dollar Amount not to exceed the amount lesser of: (w) the Maximum Revolver Amount, (x) such Lender’s Revolving Commitment, (y) the Borrowing Base and (z) the Revolving Line Cap; (the amounts set forth in clauses (w) through (z), collectively, the “Revolving Committed Amount”) (such facility, the “Revolving Facility”); provided, however, that (A) with regard to each Revolving Lender individually, the sum of such Revolving Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of outstanding Revolving Loans outstanding at any time shall not exceed the Aggregate plus such Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Loans Lender’s Revolving Commitment Percentage of outstanding at any time LC Obligations shall not exceed such Revolving Lender’s Revolving Committed Amount, Commitment and (iiiB) with regard to the Revolving Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies Revolving Credit Outstandings shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Revolving Committed Amount”)Amount then in effect. Revolving Loans may consist of Base Rate Loans or LIBOR Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof.
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Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in for the amount purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender’s share of outstanding Revolving Loans plus such Lender’s LOC Commitment Percentage of LOC Obligations shall not exceed such Lender’s Revolving Commitment Percentage of such the aggregate Revolving Loans for the purposes hereinafter set forth; provided that Committed Amount, and (iii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus LOC Obligations shall not exceed the Aggregate aggregate Revolving Committed Amount, (ii) with regard to each Lender individuallyAmount then in effect. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be SIXTEEN MILLION DOLLARS ($85,000,00016,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.4, the “Foreign Currencies Revolving Committed Amount”). Revolving Loans may consist of Base Floating LIBOR Rate Loans or Fixed LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, the Revolving Loans made on the Closing Date or on either of the two Business Days immediately following the Closing Date may only consist of Floating LIBOR Rate Loans. Fixed LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Floating LIBOR Rate Loans at its Domestic Lending Office.
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Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the an aggregate principal amount of up to FOUR HUNDRED MILLION DOLLARS ($400,000,000) (as such Lender’s aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the "Aggregate Revolving Commitment Percentage of such Revolving Loans Committed Amount") for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Commitment Percentage of outstanding Swingline Loans plus such Lender's Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, Revolving Loans made on the Closing Date or on any of the three Business Days following the Closing Date may only consist of Alternate Base Rate Loans unless the Borrower executes a funding indemnity letter in form and substance satisfactory to the Administrative Agent. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (West Corp)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving "Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Loans plus outstanding at any time LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYbe TWENTY-FIVE MILLION DOLLARS ($85,000,00025,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.4, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided that no more than five (5) separate LIBOR Tranches shall be outstanding at any one time. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
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Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees the Revolving Lenders severally, but not jointly, agree to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the an aggregate principal amount of up to $800,000,000 (as increased from time to time as provided in Section 2.20(a) and as such Lender’s aggregate maximum amount may be reduced from time to time as provided in Section 2.5, the “Revolving Commitment Percentage of such Revolving Loans Committed Amount”) for the purposes hereinafter set forthforth (such facility, the “Revolving Facility”); provided provided, however, that (i) with regard to each Revolving Lender individually, the Lenders collectively, sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal Dollar Amount (determined as amount of the most recent Determination Date) outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding at any time LOC Obligations shall not exceed the Aggregate such Revolving Committed Amount, Lender’s Revolving Commitment and (ii) with regard to each Lender individuallythe Revolving Lenders collectively, the sum of the aggregate principal Dollar Amount (determined as amount of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus outstanding LOC Obligations shall not exceed such Lender’s the Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans then in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”)effect. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR SOFR Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. SOFR Loans and Alternate Base Rate Loans shall be made by each Revolving Lender at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (ARKO Corp.)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Commitment Percentage of Swingline Loans shall not exceed such Lender's Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a), and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline Loans shall not exceed the Aggregate lesser of (A) the Revolving Committed Amount, Amount and (iiB) with regard to each Lender individuallythe Borrowing Base. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYbe ONE HUNDRED SIXTY-FIVE MILLION DOLLARS ($85,000,000165,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.3, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Dimon Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally severally, but not jointly, agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower Borrowers from time to time in the an aggregate principal amount of up to such Lender’s 's Revolving Commitment Percentage of FIFTY MILLION DOLLARS ($50,000,000) (as such aggregate amount may be reduced from time to time as provided in Section 2.6, the "Revolving Loans Committed Amount") for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of outstanding Swingline Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations shall not exceed such Lender's Revolving Commitment, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus outstanding LOC Obligations shall not exceed the Aggregate lesser of (A) the Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iiiB) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”)Borrowing Base. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the an aggregate principal amount of up to such Lender’s 's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding at any time shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.5, the “Foreign Currencies "Revolving Committed Amount”)") for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of outstanding Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment, and (ii) with regard to the Lenders collectively, the sum of the outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in for the amount purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender’s share of outstanding Revolving Loans plus such Lender’s Revolving Commitment Percentage of LOC Obligations shall not exceed such Lender’s Revolving Loans for Commitment Percentage of the purposes hereinafter set forth; provided that aggregate Revolving Committed Amount, and (iii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus LOC Obligations shall not exceed the Aggregate aggregate Revolving Committed Amount, (ii) with regard to each Lender individuallyAmount then in effect. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage amount of Revolving Loans outstanding at any time available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be TWENTY MILLION DOLLARS ($85,000,00020,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.4, the “Foreign Currencies Revolving Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, Revolving Loans made on the Closing Date or on any of the three Business Days following the Closing Date may only consist of Alternate Base Rate Loans.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline Loans plus LOC Obligations shall not exceed the Aggregate lesser of the aggregate Revolving Committed Amount, (ii) with regard to each Lender individuallyAmount then in effect and the Borrowing Base. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYbe TWO HUNDRED TWENTY-FIVE MILLION DOLLARS ($85,000,000225,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Galey & Lord Inc)
Revolving Commitment. During the Commitment Period, -------------------- subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the --------------- Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender -------- ------- individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage ---- of Swingline Loans shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline ---- Loans shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed be EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may -------------------------- consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally severally, but not jointly, agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the an aggregate principal amount of up to TWENTY-FIVE Million DOLLARS ($25,000,000) (as such Lender’s aggregate maximum amount may be increased as provided in Section 2.5 or reduced from time to time as provided in Section 2.7, the "Aggregate Revolving Commitment Percentage of such Revolving Loans Committed Amount") for the purposes hereinafter set forth; provided provided, however, that (i) with regard to the Lenders collectivelyeach Revolving Lender individually, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) such Revolving Lender's Revolving Commitment Percentage of outstanding Revolving Loans plus such Revolving Lender's Revolving Commitment Percentage of outstanding at any time Swingline Loans plus such Revolving Lender's LOC Commitment Percentage of LOC Obligations shall not exceed the Aggregate such Revolving Lender's Revolving Committed Amount, (ii) with regard to each Lender individuallythe Revolving Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus LOC Obligations shall not exceed such Lender’s the Aggregate Revolving Committed Amount, Amount and (iii) no Revolving Loans may be borrowed on the aggregate principal Dollar Amount (determined as of the most recent Determination Closing Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, Revolving Loans made on any of two Business Days following the Closing Date may only consist of Alternate Base Rate Loans. LIBOR Rate Loans shall be made by each Revolving Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline Loans plus the aggregate amount of LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYFIFTY-FIVE MILLION DOLLARS ($85,000,00055,000,000) (as such aggregate maximum amount may be reduced from time to time as provided herein, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may consist of Base Rate Loans or LIBOR Eurodollar Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. Eurodollar Loans shall be made by each Lender at its Eurodollar Lending Office and Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Manitowoc Co Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally severally, but not jointly, agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the an aggregate principal amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) with regard up to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding at any time shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYONE HUNDRED SEVENTY-FIVE MILLION DOLLARS ($85,000,000175,000,000) (as increased from time to time as provided in Section 2.2 and as such aggregate principal amount may be reduced from time to time as provided in Section 2.6, the “Foreign Currencies Revolving Committed Amount”) for the purposes hereinafter set forth (such facility, the “Revolving Facility”); provided, however, that (i) such Revolving Lender’s Revolving Exposure does not exceed such Revolving Lender’s Revolving Commitment and (ii) the Aggregate Revolving Exposure does not exceed the Revolving Committed Amount. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR LIBO Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, the Revolving Loans made on the Closing Date or any of the three (3) Business Days following the Closing Date, may only consist of Alternate Base Rate Loans. LIBO Rate Loans shall be made by each Revolving Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Ezcorp Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender the Revolving Lenders severally agrees agree to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the an aggregate principal amount of up to ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000) (as such Lender’s aggregate maximum amount may be increased from time to time as provided in Section 2.5 or reduced from time to time as provided in Section 2.7, the “Revolving Commitment Percentage of such Revolving Loans Committed Amount”) for the purposes hereinafter set forth; provided provided, however, that (i) with regard to the Lenders collectivelyeach Revolving Lender individually, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) such Revolving Lender’s Revolving Commitment Percentage of outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding at any time Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of LOC Obligations shall not exceed the Aggregate such Revolving Committed AmountLender’s Revolving Commitment, and (ii) with regard to each Lender individuallythe Revolving Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus outstanding LOC Obligations shall not exceed such Lender’s the Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in for the amount purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender’s share of outstanding Revolving Loans plus such Lender’s LOC Commitment Percentage of LOC Obligations shall not exceed such Lender’s Revolving Commitment Percentage of such the aggregate Revolving Loans for the purposes hereinafter set forth; provided that Committed Amount, and (iii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus LOC Obligations shall not exceed the Aggregate aggregate Revolving Committed Amount, (ii) with regard to each Lender individuallyAmount then in effect. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be TWENTY MILLION DOLLARS ($85,000,00020,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.4, the “Foreign Currencies Revolving Committed Amount”). Revolving Loans may consist of Base Floating LIBOR Rate Loans or Fixed LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, the Revolving Loans made on the Closing Date or on either of the two Business Days immediately following the Closing Date may only consist of Floating LIBOR Rate Loans. Fixed LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Floating LIBOR Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally severally, but not jointly, agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the an aggregate principal amount of up to SEVENTY-FIVE MILLION DOLLARS ($75,000,000) (as such Lender’s aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the “Revolving Commitment Percentage of such Revolving Loans Committed Amount”) for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender’s Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not exceed such Lender’s Revolving Commitment and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, Revolving Loans made on the Closing Date or on any of the three Business Days following the Closing Date may only consist of Alternate Base Rate Loans. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in for the amount purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender’s share of outstanding Revolving Loans plus such Lender’s Revolving Commitment Percentage of Swingline Loans plus such Lender’s LOC Commitment Percentage of LOC Obligations shall not exceed such Lender’s Revolving Loans for Commitment Percentage of the purposes hereinafter set forth; provided that aggregate Revolving Committed Amount, and (iii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline Loans plus LOC Obligations shall not exceed the Aggregate aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYbe ONE HUNDRED FIFTY-FIVE MILLION DOLLARS ($85,000,000155,000,000) (as such aggregate maximum amount may be reduced or increased from time to time as provided in Section 2.5, the “Foreign Currencies Revolving Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in for the amount purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender’s share of outstanding Revolving Loans plus such Lender’s Revolving Commitment Percentage of Swingline Loans plus such Lender’s LOC Commitment Percentage of LOC Obligations shall not exceed such Lender’s Revolving Loans for Commitment Percentage of the purposes hereinafter set forth; provided that aggregate Revolving Committed Amount, and (iii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline Loans plus LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be THREE HUNDRED MILLION DOLLARS ($85,000,000300,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.5 or increased as provided in Section 2.1(f), the “Foreign Currencies Revolving Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender the Revolving Lenders severally agrees agree to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the an aggregate principal amount of up to ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such Lender’s aggregate maximum amount may be increased from time to time as provided in Section 2.5 or reduced from time to time as provided in Section 2.7, the “Revolving Commitment Percentage of such Revolving Loans Committed Amount”) for the purposes hereinafter set forth; provided provided, however, that (i) with regard to the Lenders collectivelyeach Revolving Lender individually, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) such Revolving Lender’s Revolving Commitment Percentage of outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding at any time Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of LOC Obligations shall not exceed the Aggregate such Revolving Committed AmountLender’s Revolving Commitment, and (ii) with regard to each Lender individuallythe Revolving Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus outstanding LOC Obligations shall not exceed such Lender’s the Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender’s share of outstanding Revolving Loans plus such Lender’s Commitment Percentage of Swingline Loans plus such Lender’s Commitment Percentage of LOC Obligations shall not exceed such Lender’s Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline Loans plus LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be THREE HUNDRED MILLION DOLLARS ($85,000,000300,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.5 or increased as provided in Section 2.1(f), the “Foreign Currencies Revolving Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans plus the aggregate amount of LOC Obligations plus the aggregate amount of Commercial Paper Obligations plus the aggregate amount of outstanding at any time Swing Line Loans shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYSIXTY-TWO MILLION FIVE MILLION HUNDRED THOUSAND DOLLARS ($85,000,00062,500,000) (the “Foreign Currencies Committed Amount”as such aggregate maximum amount may be reduced from time to time as provided herein). Revolving Loans may consist of Base Prime Rate Loans or LIBOR Eurodollar Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. Eurodollar Loans shall be made by each Lender at its Eurodollar Lending Office and Prime Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving "Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Loans plus outstanding at any time LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be FIFTY MILLION DOLLARS ($85,000,00050,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.4, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided that no more than five (5) separate LIBOR Tranches shall be outstanding at any one time. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Bassett Furniture Industries Inc)
Revolving Commitment. During the Commitment Period, subject to -------------------- the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the --------------- purposes hereinafter set forth; provided provided, however, that (i) with regard to each -------- ------- Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's LOC Commitment ---- Percentage of LOC Obligations shall not exceed such Lender's Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus LOC Obligations shall not exceed TWENTY-SIX MILLION SEVEN HUNDRED THOUSAND DOLLARS ($26,700,000) (as such aggregate maximum amount may be reduced from time to time as provided herein, the Aggregate "Revolving Committed Amount"); provided, (ii) with regard to each Lender individually, that the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans may be increased in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”)accordance with Section 5.17 hereof. Revolving Loans may consist of Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, that no LIBOR Rate Loans shall be outstanding on or after the Closing Date through and including the third Business Day following the Closing Date (the "Initial Loan Period"); and provided, further, that notwithstanding any provision in this Agreement to the contrary, any Base Rate Loans outstanding during the Initial Loan Period shall bear interest at the Base Rate less 0.50 %. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline Loans plus LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be ONE HUNDRED FIFTY MILLION DOLLARS ($85,000,000150,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the lesser of (A) the aggregate Revolving Committed Amount and (B) the Revolving Borrowing Base, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline Loans plus LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount then in effect, (B) the Revolving Borrowing Base, (C) the Revolving Cap, and (D) the Aggregate Committed Amount. For purposes hereof, the aggregate amount available hereunder shall be TWENTY-ONE Million DOLLARS ($21,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the "Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof.. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. Subpart 3.5 Amendment to Section 2.2 Section 2.2 of the Existing Credit Agreement is amended and restated in its entirety to read as follows:
Appears in 1 contract
Sources: Fourth Amendment and Forbearance Agreement (BGF Industries Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each the Initial Lender severally agrees initially and, upon an assignment of any portion of the Revolving Commitment to one or more Lenders, all Lenders, including, without limitation, the Initial Lender, severally, agree to make revolving credit loans in Dollars (each a "Loan" and Available Foreign Currencies (collectively the “Revolving "Loans”") to the Borrower Borrowers from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) in the event of an assignment of any portion of the Revolving Commitment Amount to one or more Lenders, with regard to each Lender individually, the sum of such Lender's share of outstanding Loans shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Commitment Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Loans outstanding at any time shall not exceed the Aggregate aggregate Revolving Committed Amount, (ii) with regard to each Lender individuallyCommitment Amount then in effect. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYbe SEVENTY-FIVE MILLION DOLLARS ($85,000,00075,000,000) (the “Foreign Currencies Committed "Revolving Commitment Amount”"). Revolving Loans may shall consist of Base LIBOR Rate Loans or LIBOR Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office.
Appears in 1 contract
Sources: Revolving Loan Agreement (Capital Lease Funding Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's outstanding Revolving Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount amount available under this Section 2.1(a) shall be ONE HUNDRED AND FIFTY Million DOLLARS (determined $150,000,000) (as of such aggregate maximum amount may be reduced from time to time as provided in Section 2.4, the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s "Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans, LIBOR Rate Loans or LIBOR Index Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans and Index Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower in Dollars from time to time in the amount of such Lender’s 's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that no Lender shall be obligated to make any Revolving Loan if after giving effect to thereto (i) with regard to the Lenders collectively, the aggregate principal Dollar Amount amount of Obligations outstanding would exceed the lesser of (determined as of the most recent Determination DateA) of Loans outstanding at any time shall not exceed the Aggregate Revolving Committed AmountAmount or (B) the North American Borrowing Base, and (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s 's Revolving Commitment Percentage of Revolving Loans Obligations outstanding at any time shall not would exceed the lesser of (A) such Lender’s 's Revolving Committed Amount, and Amount or (iiiB) the aggregate principal Dollar Amount (determined as an amount equal to such Lender's Revolving Commitment Percentage of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”)North American Borrowing Base. Revolving Loans may consist of Base Rate Loans or LIBOR Eurodollar Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof.
Appears in 1 contract
Sources: Credit Agreement (Take Two Interactive Software Inc)
Revolving Commitment. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Revolving Lender individually, the Lenders collectively, sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal Dollar Amount (determined as amount of the most recent Determination Date) of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus outstanding Revolving LOC Obligations shall not exceed the Aggregate such Revolving Committed Amount, Lender’s Revolving Commitment and (ii) with regard to each Lender individuallythe Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding Revolving LOC Obligations shall not exceed the Revolving Committed Amount then in effect. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s amount available for Revolving Commitment Percentage of Revolving Loans outstanding at any time Loan borrowings hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be ONE HUNDRED FIFTY MILLION DOLLARS ($85,000,000150,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.8, or increased from time to time as provided in Section 2.23, the “Foreign Currencies Revolving Committed Amount”). LIBOR Rate Loans shall be made by each Revolving Loans may consist of Lender at its LIBOR Lending Office and Alternate Base Rate Loans or LIBOR Loans, or a combination thereof, as the Borrower may request, and at its Domestic Lending Office. No Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with made on the provisions hereofClosing Date.
Appears in 1 contract
Sources: Credit Agreement (Gencorp Inc)
Revolving Commitment. During the Commitment Period, -------------------- subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the --------------- Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, -------- ------- the sum of such Lender's share of outstanding Revolving Loans plus such ---- Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus LOC Obligations shall not exceed the Aggregate aggregate Revolving ---- Committed Amount, (ii) with regard to each Lender individuallyAmount then in effect. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage amount of Revolving Loans outstanding at any time available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYbe TWENTY-FIVE MILLION Million DOLLARS ($85,000,00025,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.7, the “Foreign Currencies "Revolving --------- Committed Amount”"). Revolving Loans may consist of Alternate Base Rate ---------------- Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, Revolving Loans made on the -------- ------- Closing Date or on any of the three Business Days following the Closing Date may only consist of Alternate Base Rate Loans.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding Total Outstandings at any time shall not exceed the Aggregate Revolving Committed Amount, and (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) amount of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding the Total Outstandings at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. Revolving Loans made on the Closing Date or on any of the three (3) Business Days following the Closing Date may only consist of Alternate Base Rate Loans unless the Borrower executes a funding indemnity letter in form and substance satisfactory to the Administrative Agent. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During Each of the Commitment PeriodBanks, subject to severally and for itself alone, agrees, on the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving credit loans in Dollars (herein collectively called the "Committed Loans" and Available Foreign Currencies (the “Revolving Loans”individually called a "Committed Loan") to the Borrower on a revolving basis from time to time from the Closing Date until the Termination Date in such Bank's Percentage of the aggregate amount of such Lender’s Revolving Commitment Percentage Committed Loans as the Borrower may request from all Banks. The aggregate principal amount of such Revolving the Committed Loans for the purposes hereinafter set forth; provided that (i) with regard which any Bank shall be committed to have outstanding to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding at any time shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies Borrower shall not at any one time exceed EIGHTY-FIVE MILLION DOLLARS the amount set opposite such Bank's name on Schedule CHAR_1\F:\DOCS\KAM\BANKING\218148_8 28
1.1- A. The foregoing commitment of each Bank is herein called its "Revolving Commitment" and for all Banks the "Revolving Commitments." The aggregate principal amount of the Committed Loans which all Banks shall be committed to have outstanding hereunder to the Borrower, together with the aggregate principal amount of all Bid Loans outstanding under Section 2.3, Swingline Loans outstanding under Section 2.10, and the Borrower's aggregate outstanding commercial paper shall not at any one time exceed $1,400,000,000 ($85,000,000) (the “Foreign Currencies Committed Amount”or such reduced amount as may be fixed pursuant to Sections 4.1, 4.9 and 12.2). Notwithstanding any terms or provisions of this Section 2.1 or any other Section of this Agreement to the contrary, until the BLHC Debt has been repaid in full and the commitments of the lenders under the BLHC Credit Agreement have been irrevocably terminated, $400,000,000 of the aggregate Revolving Loans may consist of Base Rate Loans or LIBOR Loans, or a combination thereof, as Commitments shall be unavailable to the Borrower may request, and Revolving Loans denominated for any purpose other than for the repayment in Available Foreign Currencies shall consist solely full of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereofBLHC Debt.
Appears in 1 contract
Sources: Credit Agreement (Conseco Inc Et Al)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the an aggregate principal amount of up to TWO HUNDRED MILLION DOLLARS ($200,000,000) (as such Lender’s aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the "Aggregate Revolving Commitment Percentage of such Revolving Loans Committed Amount") for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Revolving Lender individually, the sum of such Revolving Lender's share of outstanding Revolving Loans plus such Revolving Lender's Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Revolving Lender's Revolving Committed Amount, and (ii) with regard to the Revolving Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Revolving Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the ““ Revolving LoansLoans ”) to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding Total Outstandings at any time shall not exceed the Aggregate Revolving Committed Amount, and (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) amount of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding the Total Outstandings at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. Revolving Loans made on the Closing Date or on any of the three (3) Business Days following the Closing Date may only consist of Alternate Base Rate Loans unless the Borrower executes a funding indemnity letter in form and substance satisfactory to the Administrative Agent. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of outstanding Swingline Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans plus outstanding at any time LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be FORTY MILLION DOLLARS ($85,000,00040,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided that no more than five (5) separate LIBOR Tranches shall be outstanding at any one time. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Sleepmaster LLC)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving 's Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding Total Outstandings at any time shall not exceed the Aggregate Revolving Committed Amount, and (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) amount of such Lender’s Revolving 's Commitment Percentage of Revolving Loans outstanding the Total Outstandings at any time shall not exceed such Lender’s 's Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. Revolving Loans made on the Closing Date or on any of the three (3) Business Days following the Closing Date may only consist of Alternate Base Rate Loans unless the Borrower executes a funding indemnity letter in form and substance satisfactory to the Administrative Agent. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the an aggregate principal amount of up to EIGHT HUNDRED MILLION DOLLARS ($800,000,000) (as such Lender’s aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the “Aggregate Revolving Commitment Percentage of such Revolving Loans Committed Amount”) for the purposes hereinafter set forth; provided provided, however, that (i) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding at any time shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) sum of such Lender’s share of outstanding Revolving Loans plus such Lender’s Commitment Percentage of Revolving outstanding Swingline Loans outstanding at any time plus such Lender’s Commitment Percentage of LOC Obligations shall not exceed such Lender’s Revolving Committed Amount, and (iiiii) with regard to the aggregate principal Dollar Amount (determined as Lenders collectively, the sum of the most recent Determination Date) of outstanding Revolving Loans in Available Foreign Currencies plus outstanding Swingline Loans plus LOC Obligations shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Aggregate Revolving Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, Revolving Loans made on the Closing Date or on any of the three Business Days following the Closing Date may only consist of Alternate Base Rate Loans unless the Borrower executes a funding indemnity letter in form and substance satisfactory to the Administrative Agent. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (West Corp)
Revolving Commitment. During Prior to the Commitment PeriodTermination Date, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender’s share of outstanding Revolving Loans, plus such Lender’s Commitment Percentage of outstanding Swingline Loans, plus such Lender’s Commitment Percentage of LOC Obligations shall not exceed such Lender’s Commitment Percentage of the aggregate Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding at any time Advances Outstanding shall not exceed the Aggregate Revolving aggregate Committed Amount, (ii) with regard to each Lender individuallyAmount then in effect. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYbe FIVE HUNDRED FORTY-FIVE MILLION DOLLARS ($85,000,000545,000,000.00) (as such aggregate maximum amount may be (A) increased from time to time as provided in Section 2.2, and (B) reduced from time to time as provided in Section 2.6, the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, the Revolving Loans made on the Closing Date or on either of the two Business Days immediately following the Closing Date may only consist of Alternate Base Rate Loans. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Capitalsource Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender with a Revolving Commitment severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”"REVOLVING LOANS") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided PROVIDED, HOWEVER, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans PLUS such Lender's Revolving Commitment Percentage of Swingline Loans PLUS such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time PLUS Swingline Loans PLUS LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be EIGHT HUNDRED MILLION DOLLARS ($85,000,000800,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.7, the “Foreign Currencies Committed Amount”"REVOLVING COMMITTED AMOUNT"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Suiza Foods Corp)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations plus such Lender's Revolving Commitment Percentage of Swingline Loans shall not exceed such Lender's Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus LOC Obligations plus Swingline Loans shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYSEVENTY-FIVE MILLION DOLLARS ($85,000,00075,000,000) (as such aggregate maximum amount may be reduced or increased from time to time as provided herein, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may consist of Base Rate Loans or LIBOR Eurodollar Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. Eurodollar Loans shall be made by each Lender at its Eurodollar Lending Office and Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline Loans plus LOC Obligations, shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be TWO HUNDRED FIFTY MILLION DOLLARS ($85,000,000250,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally severally, but not jointly, agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the an aggregate principal amount of up to FIFTEEN MILLION DOLLARS ($15,000,000) (as such Lender’s aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the “Revolving Commitment Percentage of such Revolving Loans Committed Amount”) for the purposes hereinafter set forthforth (such facility, the “Revolving Facility”); provided provided, however, that (i) with regard to each Revolving Lender individually, the Lenders collectively, sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal Dollar Amount (determined as amount of the most recent Determination Date) outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding at any time LOC Obligations shall not exceed the Aggregate such Revolving Committed Amount, Lender’s Revolving Commitment and (ii) with regard to each Lender individuallythe Revolving Lenders collectively, the sum of the aggregate principal Dollar Amount (determined as amount of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus outstanding LOC Obligations shall not exceed such Lender’s the Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans then in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”)effect. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR SOFR Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof.
Appears in 1 contract
Sources: Credit Agreement (Fluent, Inc.)
Revolving Commitment. During the Commitment Period, subject Subject to and upon the terms and conditions hereofand -------------------- relying upon the representations and warranties herein set forth, each Lender agrees, severally agrees and not jointly, at any time and from time to time from the Closing Date until the Maturity Date, to make revolving credit loans in Dollars and Available Foreign Currencies (the “each a "Revolving Loan" and, collectively, "Revolving Loans”") to the Borrower from time Borrowers for the -------------- --------------- purposes set forth in Section 9.13; provided, however, (i) with regard to time in the amount of each -------- ------- Lender individually, such Lender’s 's pro rata share of outstanding Revolving Loans shall not exceed such Lender's Commitment Percentage of such the Revolving Loans for the purposes hereinafter set forth; provided that Committed Amount, (iii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding at any time shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage amount of Revolving Loans outstanding at any time shall not exceed FIVE HUNDRED FIFTY MILLION DOLLARS ($550,000,000), as such Lender’s maximum amount may be reduced from time to time as provided in Sections 2.05 and 3.02, or as such maximum amount may be increased from time to time as provided in Section 2.01(e) (such amount, as so reduced or increased from time to time, the "Revolving Committed ------------------- Amount"), and (iii) in addition to the aggregate principal Dollar Amount limitations set forth in the preceding ------ subparagraphs (determined as i) and (ii), in no event shall the sum of Revolving Loans outstanding plus Swingline Loans outstanding plus the most recent Determination Date) of LOC Obligations outstanding plus Competitive Loans in Available Foreign Currencies shall not at any time outstanding exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Revolving Committed Amount”). Revolving Loans hereunder may consist of Base Rate Loans or LIBOR Loans, Eurodollar Loans (or a combination thereof, ) as the either Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in for the amount purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender’s outstanding Revolving Loans plus such Lender’s LOC Commitment Percentage of LOC Obligations shall not exceed such Lender’s Revolving Commitment Percentage of such the Revolving Loans for the purposes hereinafter set forth; provided that Committed Amount and (iii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate principal Dollar Amount (determined as amount of the most recent Determination Date) of Revolving Loans plus LOC Obligations that may be outstanding at any time under this Section 2.1(a) shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE THREE HUNDRED FIFTY MILLION DOLLARS ($85,000,000350,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.4 or 2.21, the “Foreign Currencies Revolving Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans, LIBOR Rate Loans or LIBOR Market Index Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans and LIBOR Market Index Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Ruddick Corp)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline Loans plus LOC Obligations, shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be TWO HUNDRED MILLION DOLLARS ($85,000,000200,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”"REVOLVING LOANS") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided PROVIDED, HOWEVER, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans PLUS such Lender's Revolving Commitment Percentage of Swingline Loans PLUS such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time PLUS Swingline Loans PLUS LOC Obligations shall not exceed the Aggregate aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYbe ONE HUNDRED SEVENTY-FIVE MILLION DOLLARS ($85,000,000175,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.6 or increased from time to time as provided in Section 2.20, the “Foreign Currencies Committed Amount”"REVOLVING COMMITTED AMOUNT"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
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Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline Loans plus LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be THREE HUNDRED MILLION DOLLARS ($85,000,000300,000,000) (which amount shall be reduced to TWO HUNDRED MILLION DOLLARS ($200,000,000) with a corresponding reduction in each Lender's Commitment as set forth on Schedule 2.1
(a) upon the “Foreign Currencies issuance of the Senior Notes, and as such aggregate maximum amount may be further reduced from time to time as provided in Section 2.5, the "Revolving Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
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Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (the "Committed Revolving Loans") in Dollars and in Available Foreign Currencies (the “Revolving Loans”) on any Business Day to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forthBorrowers; provided that (i) with regard respect to the Lenders collectivelyeach Borrower, the aggregate principal Dollar Amount (determined as amount of the most recent Determination Date) of Loans outstanding at any time Revolving Obligations owing by such Borrower shall not exceed the Aggregate Revolving Committed Amountits Designated Borrowing Limit, (ii) with regard respect to each Lender individuallythe Revolving Lenders collectively, (A) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage amount of Revolving Loans outstanding at any time Obligations shall not exceed FIVE HUNDRED MILLION DOLLARS ($500,000,000) (as such Lender’s amount may be decreased in accordance with the provisions hereof, the "Aggregate Revolving Committed Amount") and (B) the aggregate principal amount of Revolving Obligations in Foreign Currencies shall not exceed THREE HUNDRED MILLION DOLLARS ($300,000,000) (as such amount may be decreased in accordance with the provisions hereof, the "Aggregate Foreign Revolving Committed Amount"), and (iii) the aggregate principal Dollar Amount (determined as with respect to each Revolving Lender individually, such Revolving Lender's Revolving Commitment Percentage of the most recent Determination Date) of Loans in Available Foreign Currencies Committed Revolving Obligations shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies its respective Revolving Committed Amount”). Committed Revolving Loans may consist be comprised of Base Rate Loans or LIBOR Loans, Eurocurrency Rate Loans, or a combination thereof, as the respective Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, request and may be repaid and reborrowed in accordance with the provisions hereof.
Appears in 1 contract
Sources: Credit Agreement (Fresenius Medical Care Holdings Inc /Ny/)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each the Initial Lender severally agrees initially and, upon an assignment of any portion of the Revolving Commitment to one or more Lenders, all Lenders, including, without limitation, the Initial Lender, severally, agree to make revolving credit loans in Dollars (each a "Loan" and Available Foreign Currencies (collectively the “Revolving "Loans”") to the Borrower Borrowers from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) in the event of an assignment of any portion of the Revolving Commitment Amount to one or more Lenders, with regard to each Lender individually, the sum of such Lender's share of outstanding Loans shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Commitment Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Loans outstanding at any time shall not exceed the Aggregate aggregate Revolving Committed Amount, (ii) with regard to each Lender individuallyCommitment Amount then in effect. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYbe TWENTY-FIVE MILLION DOLLARS ($85,000,00025,000,000) (the “Foreign Currencies Committed "Revolving Commitment Amount”"). Revolving Loans may shall consist of Base LIBOR Rate Loans or LIBOR Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office.
Appears in 1 contract
Sources: Revolving Loan Agreement (Capital Lease Funding Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the an aggregate principal amount of up to SEVENTY-FIVE Million DOLLARS ($75,000,000) (as such Lender’s aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the "Aggregate Revolving Commitment Percentage of such Revolving Loans Committed Amount") for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Revolving Lender individually, the sum of such Revolving Lender's share of outstanding Revolving Loans plus such Revolving Lender's Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Revolving Lender's Revolving Committed Amount, and (ii) with regard to the Revolving Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Revolving Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally severally, but not jointly, agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the an aggregate principal amount of up to ONE HUNDRED FIFTEEN MILLION DOLLARS ($115,000,000) (as such Lender’s aggregate maximum amount may be increased from time to time as provided in Section 2.2 or reduced from time to time as provided in Section 2.6, the “Revolving Commitment Percentage of such Revolving Loans Committed Amount”) for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender’s Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not exceed such Lender’s Revolving Commitment and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, Revolving Loans made on the Closing Date or on any of the three Business Days following the Closing Date may only consist of Alternate Base Rate Loans. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the an aggregate principal amount of up to FORTY MILLION DOLLARS ($40,000,000) (as such Lender’s amount may be increased from time to time as provide in Section 9.1(c) and reduced from time to time as provided in Section 2.6, the “Revolving Commitment Percentage of such Revolving Loans Committed Amount”) for the purposes hereinafter set forthforth (such facility, the “Revolving Facility”); provided provided, however, that after giving effect to any Revolving Loan (i) with regard to the Lenders collectivelyeach Revolving Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding at any time such Revolving Lender’s Revolving Exposure shall not exceed the Aggregate its Revolving Committed Amount, Commitment and (ii) with regard to each Lender individuallythe Revolving Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Aggregate Revolving Commitment Percentage of Revolving Loans outstanding at any time Exposure shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans then in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”)effect. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, that the Revolving Loans made on the Closing Date, or on any of the three (3) Business Days immediately following the Closing Date, may only consist of Alternate Base Rate Loans unless the Borrower executes and delivers a funding indemnity letter, substantially in the form of Exhibit 2.1(a), not less than three (3) Business Days prior to the Closing Date. LIBOR Rate Loans shall be made by each Revolving Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Bravo Brio Restaurant Group, Inc.)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Commitment Percentage of Swingline Loans shall not exceed such Lender's Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a), and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus Swingline Loans shall not exceed the Aggregate lesser of (A) the Revolving Committed Amount, Amount and (iiB) with regard to each Lender individuallythe Borrowing Base. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be ONE HUNDRED FIFTY MILLION DOLLARS ($85,000,000150,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.3, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Dimon Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally severally, but not jointly, agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in the an aggregate principal amount of up to FIFTEEN MILLION DOLLARS ($15,000,000) (as such Lender’s aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the “Revolving Commitment Percentage of such Revolving Loans Committed Amount”) for the purposes hereinafter set forthforth (such facility, the “Revolving Facility”); provided provided, however, that (i) with regard to each Revolving Lender individually, the Lenders collectively, sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal Dollar Amount (determined as amount of the most recent Determination Date) outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding at any time LOC Obligations shall not exceed the Aggregate such Revolving Committed Amount, Lender’s Revolving Commitment and (ii) with regard to each Lender individuallythe Revolving Lenders collectively, the sum of the aggregate principal Dollar Amount (determined as amount of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of outstanding Revolving Loans plus outstanding at any time Swingline Loans plus outstanding LOC Obligations shall not exceed such Lender’s the Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans then in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”)effect. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Revolving Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Fluent, Inc.)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “"Revolving Loans”") to the Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans plus outstanding at any time LOC Obligations shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTYbe THIRTY-FIVE THREE MILLION DOLLARS ($85,000,00033,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.5, the “Foreign Currencies "Revolving Committed Amount”"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof; provided that no more than five (5) separate LIBOR Tranches shall be outstanding at any one time. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the “Revolving Loans”) to the Borrower from time to time in for the amount purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender’s share of outstanding Revolving Loans [p] such Lender’s LOC Commitment Percentage of LOC Obligations shall not exceed such Lender’s Revolving Commitment Percentage of such the aggregate Revolving Loans for the purposes hereinafter set forth; provided that Committed Amount, and (iii) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as sum of the most recent Determination Date) aggregate amount of outstanding Revolving Loans outstanding at any time plus LOC Obligations shall not exceed the Aggregate aggregate Revolving Committed Amount, (ii) with regard to each Lender individuallyAmount then in effect. For purposes hereof, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Loans outstanding at any time amount available hereunder shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE be SEVEN MILLION SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($85,000,0007,750,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.4 including, without limitation, scheduled mandatory reductions and the maintenance of Reserves, the “Foreign Currencies Revolving Committed Amount”). Revolving Loans may consist of Base Rate Loans or LIBOR Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of Fixed LIBOR Loans, Rate Loans and may be repaid and reborrowed re- borrowed in accordance with the provisions hereof. Fixed LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office.
Appears in 1 contract