Types of Credit Availments Clause Samples
The 'Types of Credit Availments' clause defines the various forms of credit facilities that a borrower may access under an agreement. It typically outlines the specific types of credit available, such as term loans, revolving credit lines, or letters of credit, and may detail the conditions or procedures for utilizing each type. By clearly categorizing and describing the permissible credit options, this clause ensures both parties understand the scope of available financing and helps prevent disputes over what forms of credit can be drawn upon during the term of the agreement.
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Types of Credit Availments. Subject to the terms and conditions hereof the Borrower may obtain credit from the Lenders through the Branch of Account by way of one or more Base Rate Loans, LIBOR Loans and Letters; provided, however, that the aggregate amount of credit extended by way of Letters shall not at any time exceed $15,000,000. Any extension of credit hereunder by way of drawdowns of Base Rate Loans or LIBOR Loans shall be in a minimum amount of $1,000,000 and in multiples thereof.
Types of Credit Availments. Subject to the terms and conditions hereof, the Borrower may obtain credit from the Lenders under the Credit Facility through the Branch of Account by way of one or more Base Rate Canada Loans and LIBOR Loans. Any extension of credit hereunder by way of Base Rate Canada Loans or LIBOR Loans shall be in a minimum amount of $1,000,000.
Types of Credit Availments. Subject to the terms and conditions hereof, the Borrower may obtain credit under the Facility from the Lenders by way of one or more Loans.
Types of Credit Availments. Subject to the terms and conditions hereof, the Borrower may obtain credit under the Credit Facility by way of one or more Bankers’ Acceptances, BA Rate Loans, Prime Rate Loans, Base Rate Canada Loans, Term Benchmark Loans and Letters; provided, however, that the aggregate amount of credit extended by way of Letters shall not at any time exceed $100,000,000 or the U.S. Dollar Equivalent thereof.
Types of Credit Availments. Subject to the terms and conditions hereof:
(a) the Borrower may obtain credit under the Credit Facility from the Lenders through the Branch of Account by way of Loans; and
(b) any extension of credit hereunder by way of drawdown of (x) a Base Rate Loan shall be in the amount of at least $1,000,000 or (y) a Term Benchmark Loan shall be in the amount of at least $3,000,000 and amounts in excess thereof shall, in each case, be in integral multiples of $100,000.
Types of Credit Availments. Subject to the terms and conditions hereof, the Borrower may obtain credit from the Lenders through the Administrative Agent under the Credit Facility during the Availability Period by way of one or more Loans, provided however that the Borrower shall only be entitled to one Loan under the Credit Facility per calendar month and Tranche Three shall only be available by way of a single Loan. Any extension of credit under the Credit Facility shall be in a minimum amount of $5,000,000 and in multiples of $1,000,000.
Types of Credit Availments. Subject to the terms and conditions hereof the Borrower may obtain credit from the Lenders by way of one or more Loans. Any extension of credit hereunder by way of drawdowns of Loans shall be in a minimum amount of $1,000,000 and in multiples of $100,000 thereafter.
Types of Credit Availments. Subject to the terms and conditions hereof, the Borrowers may obtain credit from the Lenders by way of one or more Loans, Bankers’ Acceptances and Letters. Any extension of credit hereunder by way of Base Rate Canada Loans or LIBOR Loans shall be in a minimum amount of $1,000,000 and by way of Prime Rate Loans, BA Rate Loans or Bankers’ Acceptances shall be in a minimum amount of CDN$1,000,000. At no time shall the aggregate amount of Letters exceed $50,000,000 or the Exchange Equivalent thereof.
Types of Credit Availments. Subject to the terms and conditions hereof:
(a) each Borrower may obtain credit under the RT Facility from the Lenders by way of one or more Loans, Bankers' Acceptances and Letters, provided, at no time, shall the aggregate amount of credit outstanding in respect of Letters exceed $300,000,000; and
(b) ▇▇▇▇▇▇ ▇▇ may obtain credit under the NRT Facility from the Lenders by way of one or more Loans and Bankers' Acceptances. Any extension of credit hereunder by way of Base Rate Canada Loans or LIBOR (U.S.) Loans shall be in a minimum amount of U.S.$1,000,000, by way of Euribor Loans shall be in a minimum amount of €1,000,000, by way of Kronor Loans shall be in a minimum amount of 1,000,000 Swedish Kronor and by way of Prime Rate Loans, BA Rate Loans or Bankers' Acceptances shall be in a minimum amount of Cdn.$1,000,000.
Types of Credit Availments. Subject to the terms and conditions hereof, the Borrowers may obtain credit under Credit Facility 1 by way of Bankers’ Acceptances, Prime Rate Loans, BA Rate Loans, Base Rate Canada Loans and LIBOR Loans and may obtain credit under Credit Facility 2 by way of Bankers’ Acceptances, Prime Rate Loans, BA Rate Loans, Base Rate Canada Loans, LIBOR Loans and Letters; provided that the aggregate amount of credit outstanding by way of Letters shall not at any time exceed $7,500,000.