Common use of The Commitments and Credit Extensions Clause in Contracts

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.

Appears in 2 contracts

Sources: Credit Agreement (Alexion Pharmaceuticals Inc), Credit Agreement (Alexion Pharmaceuticals Inc)

The Commitments and Credit Extensions. 2.01. The Revolving Credit Facility. Loans. 1.07 Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a LoansLoan”) to the Borrower from time to time, on any Business Day during the Availability Period Period, in an aggregate amount not to exceed at any time outstanding the lesser of (x) the amount of such Lender’s CommitmentCommitment and (y) such Lender’s Pro Rata share of the Borrowing Base; provided, however, that after giving effect to any Borrowing, (i) the Total Outstandings shall not exceed the Revolving Credit Facilitylesser of (x) the Aggregate Commitments and (y) the Borrowing Base, and (ii) the aggregate Outstanding Amount of the Loans of any Lender, Lender plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed the lesser of (x) such Lender’s CommitmentCommitment and (y) such Lender’s Pro Rata share of the Borrowing Base. 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.

Appears in 1 contract

Sources: Credit Agreement (Textainer Group Holdings LTD)

The Commitments and Credit Extensions. 2.01. Section 2.01 The Revolving Credit Facility. Loans(a). (a) Subject to the terms and conditions set forth herein, each Lender severally agrees to make (or cause its Applicable Lending Office to make) loans (each such loan, a LoansRevolving Credit Loan”) to the Borrower from time to time, on any Business Day during after the Availability Period Effective Date until the Maturity Date, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided, howeverthat, that after giving effect to any such Borrowing, (ix) the Total Outstandings Outstanding Amount under the Revolving Credit Facility shall not exceed the Maximum Availability and (y) the Revolving Credit Facility, and (ii) the aggregate Outstanding Amount of the Loans Exposure of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations Lender shall not exceed such Lender’s CommitmentRevolving Credit Commitment in effect at such time. 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, prepay under Section 2.052.05(a), and reborrow under this Section 2.01. (b) Revolving Credit Loans in an aggregate principal amount of $48,312,500 (the “Existing Loans”) were previously advanced by the Original Lenders to the Borrower under the Original Credit Agreement and assigned by the Original Lender to the Initial Lenders or advanced by the Initial Lenders to the Borrower under the Original Credit Agreement. Loans may be Base Rate Loans or Eurodollar Rate As of the Effective Date, the Existing Loans, as further provided herein. All Existing which remain outstanding, shall constitute Loans under this Agreement, shall be deemed to have been made pursuant hereto, evidenced by the Notes and from and after the Closing Date shall be subject to and governed by repayable in accordance with the terms and conditions hereofof this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Geokinetics Inc)

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 lesser of (x) the Borrowing Base and (y) 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.

Appears in 1 contract

Sources: Credit Agreement (Alexion Pharmaceuticals Inc)

The Commitments and Credit Extensions. 2.01. The 2.01 Revolving Credit FacilityLoans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a LoansRevolving Loan”) to the Borrower Borrowers from time to time, on any Business Day during the Availability Period Period, in an aggregate amount not to exceed at any time outstanding the lesser of (x) the amount of such Lender’s Commitment, or (y) such Lender’s Applicable Percentage of the Borrowing Base; provided, however, that provided that: (a) after giving effect to any Revolving Borrowing, (ix) the Total Outstandings shall not exceed the Revolving Credit FacilityLoan Cap, and (iiy) the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment; and (b) the Outstanding Amount of all L/C Obligations shall not at any time exceed the Letter of Credit Sublimit. Within the limits of each Lender’s CommitmentCommitments, and subject to the other terms and conditions hereof, the Borrower Borrowers 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.

Appears in 1 contract

Sources: Credit Agreement (Torrid Holdings Inc.)

The Commitments and Credit Extensions. 2.01. The Revolving Credit Facility2.01 Loans . Subject to the terms and conditions and relying upon the representations and warranties set forth herein, each Lender Lender, severally and not jointly, agrees to make loans (each such loan, a LoansLoan”) to the Borrower from time to time, on any Business Day during the Availability Period 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 Outstanding Amount shall not exceed the Revolving Credit FacilityAggregate Commitments, 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 Lender shall not exceed such Lender’s Commitment, and (iii) the Outstanding Amount shall not exceed the Borrowing Base. 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 2.052.03, 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.

Appears in 1 contract

Sources: Credit Agreement (Alaska Air Group Inc)

The Commitments and Credit Extensions. 2.01. The Revolving Credit FacilityLoans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a LoansCommitted Loan”) in Dollars to the Borrower from time to time, on any Business Day during the Availability Period 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 Committed Borrowing, (i) the Total Outstandings shall not exceed the Revolving Credit FacilityAggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed the amount of such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject Subject to the other terms and conditions hereof, the Borrower may borrow Committed Loans under this Section 2.01, repay or prepay such Committed Loans under Section 2.05, reborrow such Committed Loans and reborrow borrow other Committed Loans under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Term SOFR 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.

Appears in 1 contract

Sources: Credit Agreement (Matson, Inc.)