Common use of Revolving Credit Commitment Clause in Contracts

Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day, during the Commitment Period, to make Loans in US Dollars or in one or more other Alternate Currencies to each of the Borrowers at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding up to such Lender’s Lender Commitment at any such time; provided that, after making any such Loans: (a) the Dollar Equivalent of such Lender’s Principal Obligations would not exceed such Lender’s Lender Commitment; (b) the Dollar Equivalent of the Principal Obligations would not exceed the Available Commitment; and (c) the Alternate Currency Liability would not exceed the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US Dollars. Subject to the foregoing limitation, the conditions set forth in Section 6 hereof and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded in accordance with Section 2.5 hereof. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6 hereof would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Blackstone / GSO Secured Lending Fund), Revolving Credit Agreement (Blackstone / GSO Secured Lending Fund)

Revolving Credit Commitment. Subject On the terms set forth herein and subject to the terms applicable conditions set forth in Section 2.1(b) and conditions herein set forthSection 6, each Lender severally agrees, on any Business Day, Day during the Commitment Period, to make Loans in US Dollars or in one or more other Alternate Currencies to each of the Borrowers at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding up ofequal to such Lender▇▇▇▇▇▇’s Lender Commitment at any such time; provided that, after making any such LoansLoan: (a) such ▇▇▇▇▇▇’s Lender Pro Rata Share of the Dollar Equivalent of such Lender’s Principal Obligations under the Primary Tranche funded by it would not exceed such Lender▇▇▇▇▇▇’s Lender CommitmentCommitment under the Primary Tranche; (b) such Lender’s Lender Pro Rata Share of the Dollar Equivalent of Principal Obligations under the Temporary Increase Tranche funded by it would not exceed such ▇▇▇▇▇▇’s Commitment under the Temporary Increase Tranche; and (c; and (b) the Principal Obligations would not exceed the Available Commitment; and (c) the Alternate Currency Liability would not exceed the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US Dollars. Subject to the foregoing limitationlimitations, the applicable conditions set forth in Section 6 hereof and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share with respect to the applicable Tranche (but subject to Section 2.5 hereof2.3(f) and Section 2.16 ). No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6 hereof 2.6(a) would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 2 contracts

Sources: Revolving Credit Agreement (MN8 Energy, Inc.), Revolving Credit Agreement (New PubCo Renewable Power Inc.)

Revolving Credit Commitment. Subject On the terms set forth herein and subject to the terms applicable conditions set forth in Section 2.1(b) and conditions herein set forthSection 6, each Lender severally agrees, on any Business Day, Day during the Commitment Period, to make Loans in US Dollars or in one or more other Alternate Currencies to each of the Borrowers at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding up to of such Lender▇▇▇▇▇▇’s Lender Commitment at any such time; provided that, after making any such LoansLoan: (a) the Dollar Equivalent of such Lender’s Lender Pro Rata Share of the Principal Obligations under the Primary Tranche funded by it would not exceed such Lender▇▇▇▇▇▇’s Lender Commitment; and (b under the Primary Tranche; (b) such Lender’s Lender Pro Rata Share of the Dollar Equivalent of Principal Obligations under the Temporary Increase Tranche funded by it would not exceed such ▇▇▇▇▇▇’s Commitment under the Temporary Increase Tranche; and (c) the Principal Obligations would not exceed the Available Commitment; and (c) the Alternate Currency Liability would not exceed the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US Dollars. Subject to the foregoing limitationlimitations, the applicable conditions set forth in Section 6 hereof and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share with respect to the applicable Tranche (but subject to Section 2.5 hereof2.3(f) and Section 2.16). No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6 hereof 2.6(a) would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 2 contracts

Sources: Revolving Credit Agreement (MN8 Energy, Inc.), Revolving Credit Agreement (New PubCo Renewable Power Inc.)

Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Committed Lender severally agrees, on any Business Day, Day during the Commitment Availability Period, to make Syndicated Loans to the Borrower Parties, in US Dollars or in one or more other Alternate Currencies to each of the Borrowers Alternative Currencies, on a several basis, at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding up to such Committed Lender’s Lender Commitment at any such time; provided thatprovided, however, that after making any such Loans: (a) the Dollar Equivalent of such Committed Lender’s Principal Obligations Obligation would not exceed such Committed Lender’s Lender CommitmentCommitment as of such date; (b) the Dollar Equivalent Principal Obligation of such Committed Lender’s Lender Group would not exceed the aggregate applicable Lender Group Limit of such Lender Group; (c) the Principal Obligations Obligation would not exceed the Available Commitment; and (cd) the Alternate Currency Liability Dollar Equivalent of the amount of the Principal Obligation that is denominated in Alternative Currencies would not exceed twenty-five percent (25%) of the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US DollarsMaximum Commitment. Subject to the foregoing limitation, the conditions set forth in Section 6 hereof 7 and the other terms and conditions hereof, the Borrowers Borrower Parties may borrow, repay without penalty or premiumpremium (subject to Section 4.05), and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.01 shall be funded ratably by each Lender Group in accordance with Section 2.5 hereofits Applicable Percentage and, if applicable, by a Committed Lender in a particular Lender Group in accordance with such Committed Lender’s Applicable Percentage. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6 hereof hereunder would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 2 contracts

Sources: Revolving Credit Agreement (TCW Direct Lending VII LLC), Revolving Credit Agreement (TCW Direct Lending VII LLC)

Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Committed Lender severally agrees, on any Business Day, Day during the Commitment Availability Period, to make Syndicated Loans to the Borrower Parties, in US Dollars or in one or more other Alternate Currencies to each of the Borrowers Alternative Currencies, on a several basis, at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding up to such Committed Lender’s Lender Commitment at any such time; provided thatprovided, however, that after making any such Loans: (a) the Dollar Equivalent of such Committed Lender’s Principal Obligations Obligation would not exceed such Committed Lender’s Lender CommitmentCommitment as of such date; (b) the Dollar Equivalent Principal Obligation of such Committed Lender’s Lender Group would not exceed the aggregate applicable Lender Group Limit of such Lender Group; and (c) the Principal Obligations Obligation would not exceed the Available Commitment; and (c) the Alternate Currency Liability would not exceed the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US Dollars. Subject to the foregoing limitation, the conditions set forth in Section 6 hereof 7 and the other terms and conditions hereof, the Borrowers Borrower Parties may borrow, repay without penalty or premiumpremium (subject to Section 4.05), and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.01 shall be funded ratably by each Lender Group in accordance with Section 2.5 hereofits Applicable Percentage and, if applicable, by a Committed Lender in a particular Lender Group in accordance with such Committed Lender’s Applicable Percentage. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6 hereof hereunder would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 2 contracts

Sources: Revolving Credit Agreement (TCW Direct Lending LLC), Revolving Credit Agreement (TCW Direct Lending LLC)

Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Committed Lender severally agrees, on any Business Day, Day during the Commitment Availability Period, to make Loans in US Dollars or in one or more other Alternate Currencies to each of the Borrowers Borrower at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding up to such Committed Lender’s Lender Commitment at any such time; provided thatprovided, however, that after making any such Loans: (a) the Dollar Equivalent of such Committed Lender’s Principal Obligations Obligation would not exceed such Committed Lender’s Commitment as of such date (minus any amounts funded in respect of a Loan hereunder (but not used to fund such Loan and accordingly not included in the Principal Obligation) by Committed Lender Commitmentas a Liquidity Provider under a Liquidity Agreement); (b) the Dollar Equivalent Principal Obligation of Committed Lender’s Lender Group would not exceed the aggregate the Lender Group Limit of its Lender Group; and (c) the Principal Obligations Obligation would not exceed the Available Commitment; and (c) the Alternate Currency Liability would not exceed the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US Dollars. Subject to the foregoing limitation, the conditions set forth in Section 6 hereof 5 and the other terms and conditions hereof, the Borrowers Borrower may borrow, repay without penalty or premiumpremium (subject to Section 4.05), and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 shall be funded in accordance with Section 2.5 hereof. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6 hereof hereunder would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Sources: Revolving Credit Agreement (TCW Direct Lending LLC)

Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Committed Lender severally agrees, on any Business Day, Day during the Commitment Availability Period, to make Syndicated Loans to the Borrower Parties, in US Dollars or in one or more other Alternate Currencies to each of the Borrowers Alternative Currencies, on a several basis, at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding up to such Committed Lender’s Lender Commitment at any such time; provided thatprovided, however, that after making any such Loans: (a) the Dollar Equivalent of such Committed Lender’s Principal Obligations Obligation would not exceed such Committed Lender’s Lender CommitmentCommitment as of such date; (b) the Dollar Equivalent Principal Obligation of such Committed Lender’s Lender Group would not exceed the aggregate applicable Lender Group Limit of such Lender Group; and (c) the Principal Obligations Obligation would not exceed the Available Commitment; and (cd) the Alternate Currency Liability Dollar Equivalent of the amount of the Principal Obligation that is denominated in Alternative Currencies would not exceed twenty-five percent (25%) of the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US DollarsMaximum Commitment. Subject to the foregoing limitation, the conditions set forth in Section 6 hereof 7 and the other terms and conditions hereof, the Borrowers Borrower Parties may borrow, repay without penalty or premiumpremium (subject to Section 4.05), and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.01 shall be funded ratably by each Lender Group in accordance with Section 2.5 hereofits Applicable Percentage and, if applicable, by a Committed Lender in a particular Lender Group in accordance with such Committed Lender’s Applicable Percentage. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6 hereof hereunder would exceed the Maximum Rate in effect with respect to such Loan.. 4890-4745-6322 v.15

Appears in 1 contract

Sources: Revolving Credit Agreement (TCW Direct Lending VII LLC)

Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day, Day during the Commitment Availability Period, to make Loans in US Dollars or in one or more other Alternate Currencies to each of the Borrowers Borrower at any time and from time to time in an aggregate Dollar Equivalent principal amount not to exceed at any one time outstanding up to the amount of such Lender▇▇▇▇▇▇’s Lender Commitment at any such timeCommitment; provided provided, however, that, after making any such Loans: (a) the Dollar Equivalent of such Lender▇▇▇▇▇▇’s Principal Obligations Revolving Credit Exposure would not exceed such Lender▇▇▇▇▇▇’s Lender CommitmentCommitment as of such date; and (b) the Dollar Equivalent of the Principal Obligations Obligation would not exceed the Available Commitment; and (c) the Alternate Currency Liability would not exceed the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US DollarsLoan Amount. Subject to the foregoing limitation, the conditions set forth in Section 6 hereof 7 and the other terms and conditions hereof, the Borrowers Borrower may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.01 shall be funded made ratably by Lenders in accordance with Section 2.5 hereofproportion to each Lender’s Applicable Percentage of the Available Loan Amount. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6 hereof 2.05(a) would exceed the Maximum Rate in effect with respect to such Loan. No Lender shall fund any portion of any Loan or L/C Advance with Plan Assets if such funding would cause any Loan Party to incur any prohibited transaction excise tax penalties under ERISA or Section 4975 of the Internal Revenue Code.

Appears in 1 contract

Sources: Revolving Credit Agreement (Invesco Commercial Real Estate Finance Trust, Inc.)

Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Committed Lender severally agrees, on any Business Day, Day during the Commitment Availability Period, to make Syndicated Loans to the Borrower Parties, in US Dollars or in one or more other Alternate Currencies to each of the Borrowers Alternative Currencies, on a several basis, at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding up to such Committed Lender’s Lender Commitment at any such time; provided thatprovided, however, that after making any such Loans: (a) the Dollar Equivalent of such Committed Lender’s Principal Obligations Obligation would not exceed such Committed Lender’s Lender CommitmentCommitment as of such date; (b) the Dollar Equivalent Principal Obligation of such Committed Lender’s Lender Group would not exceed the aggregate applicable Lender Group Limit of such Lender Group; and (c) the Principal Obligations Obligation would not exceed the Available Commitment; and (c) the Alternate Currency Liability would not exceed the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US Dollars. Subject to the foregoing limitation, the conditions set forth in Section 6 hereof Article 7 and the other terms and conditions hereof, the Borrowers Borrower Parties may borrow, repay without penalty or premiumpremium (subject to Section 4.05), and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.01 shall be funded ratably by each Lender Group in accordance with Section 2.5 hereofits Applicable Percentage and, if applicable, by a Committed Lender in a particular Lender Group in accordance with such Committed Lender’s Applicable Percentage. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6 hereof hereunder would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Sources: Revolving Credit Agreement (TCW Direct Lending LLC)

Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Committed Lender severally agrees, on any Business Day, Day during the Commitment Availability Period, to make Syndicated Loans in US Dollars or in one or more other Alternate Currencies to each of the Borrowers Borrower Parties, on a several basis, at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding up to such LenderCommitted ▇▇▇▇▇▇’s Lender Commitment at any such time; provided thatprovided, however, that after making any such Loans: (a) the Dollar Equivalent of such LenderCommitted ▇▇▇▇▇▇’s Principal Obligations Obligation would not exceed such LenderCommitted ▇▇▇▇▇▇’s Lender CommitmentCommitment as of such date; (b) the Dollar Equivalent Principal Obligation of such Committed Lender’s Lender Group would not exceed the aggregate applicable Lender Group Limit of such Lender Group; and (c) the 4879-7367-7649 v.18 48 4879-7367-7649 v.18 Principal Obligations Obligation would not exceed the Available Commitment; and (c) the Alternate Currency Liability would not exceed the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US Dollars. Subject to the foregoing limitation, the conditions set forth in Section 6 hereof 7 and the other terms and conditions hereof, the Borrowers Borrower Parties may borrow, repay without penalty or premiumpremium (subject to Section 4.05), and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.01 shall be funded ratably by each Lender Group in accordance with Section 2.5 hereofits Applicable Percentage and, if applicable, by a Committed Lender in a particular Lender Group in accordance with such Committed Lender’s Applicable Percentage. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6 hereof hereunder would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Sources: Revolving Credit Agreement (TCW Direct Lending VII LLC)

Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day, during the Commitment Period, to make Loans in US Dollars or and in one or more other Alternate Alternative Currencies to each of the Borrowers Borrower at any time and from time to time in an aggregate Dollar Equivalent principal amount at any one time outstanding up to such Lender▇▇▇▇▇▇’s Lender Commitment at any such time; provided that, after making any such Loans: (a) such ▇▇▇▇▇▇’s Pro Rata Share of the Dollar Equivalent of such Lender’s the Principal Obligations would not exceed such Lender▇▇▇▇▇▇’s Lender Commitment; and (b) the Dollar Equivalent of the Principal Obligations would not exceed the Available Commitment; and (c) the Alternate Currency Liability would not exceed the Alternate Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US Dollars. Subject to the foregoing limitationlimitations, the conditions set forth in Section 6 hereof and the other terms and conditions hereof, the Borrowers Borrower may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded made ratably by the Lenders in accordance with Section 2.5 hereofproportion to such ▇▇▇▇▇▇’s Pro Rata Share of the Available Commitment. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6 hereof would exceed the Maximum Rate then in effect with respect to such Loan.

Appears in 1 contract

Sources: Revolving Credit Agreement (Stonepeak-Plus Infrastructure Fund LP)

Revolving Credit Commitment. Subject to the terms and conditions herein set forth, each Lender severally agrees, on any Business Day, Day during the Commitment Availability Period, to make Loans in US Dollars or in one or more other Alternate Alternative Currencies to each of the Borrowers Borrower at any time and from time to time in an aggregate Dollar Equivalent principal amount not to exceed at any one time outstanding up to the Dollar Equivalent of such Lender▇▇▇▇▇▇’s Lender Commitment at any such time; provided provided, however, that, after making any such Loans: (a) the Dollar Equivalent of such Lender’s Pro Rata Share of the Principal Obligations Obligation would not exceed such Lender▇▇▇▇▇▇’s Lender CommitmentCommitment as of such date; (b) the Dollar Equivalent of the Principal Obligations there would not exceed the Available Commitmentexist a Borrowing Base Deficiency; and (c) the Alternate aggregate Alternative Currency Liability as of such date would not exceed the Alternate Alternative Currency Sublimit; provided, further, that Reference Rate Loans shall only be available in US DollarsSublimit as of such date. Subject to the foregoing limitation, the conditions set forth in Section 6 hereof 7 and the other terms and conditions hereof, the Borrowers Borrower may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Availability Period. Each Borrowing pursuant to this Section 2.2 2.02 shall be funded made ratably by the Lenders in accordance with Section 2.5 hereofproportion to each Lender’s Pro Rata Share of the Available Commitment. No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6 2.06(a) hereof would exceed the Maximum Rate in effect with respect to such Loan.

Appears in 1 contract

Sources: Revolving Credit Agreement (Nuveen Churchill Direct Lending Corp.)