The Commitments and Credit Extensions Clause Samples

The Commitments and Credit Extensions. 2.01 Revolving Loans, Term B Loan and Incremental Term A Loan.

The Commitments and Credit Extensions. 2. 01Letter of Credit Facility. (a) The Letter of Credit Commitment. (i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of the L/C Lenders set forth in this Section 2.01, (1) from time to time on any Business Day during the period from the Effective Date until the Letter of Credit Expiration Date, to issue Letters of Credit denominated in Dollars for the account of the Company or its Subsidiaries, and to amend or extend Letters of Credit previously issued by it, in accordance with Section 2.01(b), and (2) to honor drawings under the Letters of Credit; and (B) the L/C Lenders severally agree to participate in Letters of Credit issued for the account of the Company or its Subsidiaries and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x) no L/C Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall exceed such Lender’s Letter of Credit Commitment and (y) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Facility. Each request by the Company for the issuance or amendment of a Letter of Credit ​ ​ shall be deemed to be a representation by the Company that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the Company’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Company may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Effective Date shall be subject to and governed by the terms and conditions hereof. Each L/C Lender severally agrees to make L/C Advances from time to time during the Availability Period up to an outstanding principal amount equal to its Letter of Credit Commitment; provided that after giving effect to such L/C Advances, no L/C Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall exceed such Lender’s Letter of Credit Commitment. (ii) The L/C Issuer shall not issue any Letter of Credit if: (A) subject to Section 2.01(b)(iii), the expiry date of such requested Letter of Credit would occur more than twelve months after the dat...

The Commitments and Credit Extensions. 36 2.01 Commitments .................................................................................................................... 36 2.02 Borrowings, Conversions and Continuations of Loans .................................................... 36 2.03 [Reserved] ......................................................................................................................... 38 2.04 [Reserved] ......................................................................................................................... 38 2.05

The Commitments and Credit Extensions. 2.01 The Loans. (a) The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Term Lender’s Term Commitment (the “Initial Term Loans”). The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Term Commitments. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein. (b) The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, an “Initial Revolving Credit Loan”) to the Borrower from time to time, on any Business Day until and excluding the Business Day preceding the Maturity Date for the Revolving Credit Facility, in an aggregate amount not 64 Syniverse Credit Agreement to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Credit Commitment. Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

The Commitments and Credit Extensions. Section 2.01.

The Commitments and Credit Extensions. 2.01. The Revolving Credit Facility. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (“Loans”) to the Borrower from time to time, on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Borrowing, (i) the Total Outstandings shall not exceed the Revolving Credit Facility, and (ii) the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. All Existing Loans shall be deemed to have been made pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.

The Commitments and Credit Extensions. 35 2.01 Tranche B Term Loans and Revolving Loans................................ 35 2.02 Borrowings, Conversions and Continuations of Loans...................... 36 2.03

The Commitments and Credit Extensions. Section 2.01 The Loans 45 Section 2.02 Borrowings, Conversions and Continuations of Loans 46 Section 2.03 Letters of Credit 47 Section 2.04 Swing Line Loans 55 Section 2.05 Prepayments 58 Section 2.06 Termination or Reduction of Commitments 61 Section 2.07 Repayment of Loans 61 Section 2.08 Interest 63 Section 2.09 Fees 64 Section 2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate 64 Section 2.11 Evidence of Debt 65 Section 2.12 Payments Generally; Administrative Agent’s Clawback 66 Section 2.13 Sharing of Payments by Lenders 67 Section 2.14 Additional Loans 68 Section 3.01 Taxes 72 Section 3.02 Illegality 75 Section 3.03 Inability to Determine Rates 75 Section 3.04 Increased Costs 76 Section 3.05 Compensation for Losses 77 Section 3.06 Mitigation Obligations; Replacement of Lenders 77 Section 3.07 Survival 78

The Commitments and Credit Extensions. 2.01 Commitments.