Commitments and Credit Extensions Sample Clauses
The 'Commitments and Credit Extensions' clause defines the lender's obligation to provide funds or credit to the borrower under the terms of the agreement. It typically outlines the maximum amount available, the conditions under which advances or loans may be requested, and any limitations or requirements for disbursement. This clause ensures both parties understand the scope and process for accessing credit, thereby providing clarity and predictability in the lending relationship.
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Commitments and Credit Extensions. Section 2.01 The Loans 40 Section 2.02 Borrowings, Conversions and Continuations of Loans 41 Section 2.03 Letters of Credit 43 Section 2.04 Swing Line Loans 51 Section 2.05 Prepayments 53 Section 2.06 Termination or Reduction of Commitments 54 Section 2.07 Repayment of Loans 55 Section 2.08 Interest 55 Section 2.09 Fees 56 Section 2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate 56 Section 2.11 Evidence of Debt 57 Section 2.12 Payments Generally; Administrative Agent’s Clawback 58 Section 2.13 Sharing of Payments by Lenders 60 Section 2.14 Additional Revolving Credit Commitments 60 Section 2.15 Cash Collateral 63 Section 2.16 Defaulting Lenders 64 Section 3.01 Taxes 66 Section 3.02 Illegality 77 Section 3.03 Inability to Determine Rates 78 Section 3.04 Increased Costs 78 Section 3.05 Compensation for Losses 79 Section 3.06 Mitigation Obligations; Replacement of Lenders 80 Section 3.07 Survival 81
Commitments and Credit Extensions. 33 Loans ......................................................................................................................33 Borrowings, Conversions and Continuations of Loans .........................................33
Commitments and Credit Extensions. 2.01Loans.
Commitments and Credit Extensions. 2.01 The Loans
Commitments and Credit Extensions. 2.01 Loans. 2.02 Borrowings, Conversions and Continuations of Loans.
Commitments and Credit Extensions. 2.01 Committed Loans 4039 2.02 Borrowings, Conversions and Continuations of Committed Loans 4039
Commitments and Credit Extensions. 168 - Section 2.01 Revolving Loans; Reserves- 168 -
Commitments and Credit Extensions. 2.01 Commitments
(a) Revolving Commitments. During the Commitment Period,
Commitments and Credit Extensions. 20 2.01 Term Borrowing.....................................................................................20 2.02 Borrowings, Conversions and Continuations of Term Loans................20 2.03 Prepayments21 2.04 Termination of Term Commitment.........................................................21 2.05 Repayment of Term Loans.....................................................................22 2.06 Interest and Default Rate........................................................................22 2.07 Fees........................................................................................................22 2.08 Computation of Interest and Fees..........................................................22
Commitments and Credit Extensions. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Loan”) to the Borrower from time to time on any Business Day during the period from the Closing Date to the Maturity Date, 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 aggregate Outstanding Amount of all Loans and L/C Obligations shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Pro Rata Share 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 2.06, and reborrow under this Section 2.01. Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.