Common use of 364 Day Facility Clause in Contracts

364 Day Facility. Each Lender severally agrees, on the terms and conditions of this Agreement, to make loans to the Company in Dollars during the period from and including the Closing Date to but not including the 364-Day Facility Revolving Credit Commitment Termination Date in an aggregate principal amount at any one time outstanding up to but not exceeding the amount of the 364-Day Facility Revolving Credit Commitment of such Lender as in effect from time to time (such Loans being herein called "364-DAY FACILITY REVOLVING CREDIT LOANS"); PROVIDED THAT (i) the 364-Day Facility Revolving Credit Loans outstanding shall not exceed $105,000,000 prior to the consummation of the Second Acquisition and satisfaction of the Second Acquisition Conditions Precedent; and (ii) in no event shall the 364-Day Facility Revolving Credit Loans at any time outstanding exceed the aggregate amount of the 364-Day Facility Revolving Credit Commitments as in effect from time to time. Subject to the terms and conditions of this Agreement, during such period the Company may borrow, repay and reborrow the amount of the 364-Day Facility Revolving Credit Commitments by means of Prime Rate Loans and LIBOR Loans and may Convert 364-Day Facility Revolving Credit Loans of one Type into 364-Day Facility Revolving Credit Loans of another Type (as provided in Section 2.8 hereof).