Common use of Alternative Currency Tranche Revolving Loans Clause in Contracts

Alternative Currency Tranche Revolving Loans. Subject to the terms and conditions set forth herein, each Alternative Currency Tranche Revolving Lender severally agrees to make loans (each such loan, an “Alternative Currency Tranche Revolving Loan”) in one or more Alternative Currencies from time to time on any Business Day during the Availability Period with respect to the Alternative Currency Tranche Revolving Commitments, in an aggregate amount not to exceed at any time outstanding the amount of such Alternative Currency Tranche Revolving Lender’s Alternative Currency Tranche Revolving Commitment; provided, however, that after giving effect to any Alternative Currency Tranche Revolving Borrowing, (i) the Alternative Currency Tranche Revolving Exposure of any Alternative Currency Tranche Revolving Lender shall not exceed such Alternative Currency Tranche Revolving Lender’s Alternative Currency Tranche Revolving Commitment, (ii) the aggregate Alternative Currency Tranche Revolving Exposures shall not exceed the total Alternative Currency Tranche Revolving Commitments and (iii) the Total Revolving Outstandings shall not exceed the Revolving Facility. Within the limits of each Alternative Currency Tranche Revolving Lender’s Alternative Currency Tranche Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Alternative Currency Tranche Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.01(b)(ii). Alternative Currency Tranche Revolving Loans must consist of Eurocurrency Rate Loans. Notwithstanding the preceding sentence, any Alternative Currency Tranche Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be subject to the receipt by the Administrative Agent of a Funding Indemnity Letter from the Borrower not less than three (3) Business Days prior to the date of such Alternative Currency Tranche Revolving Borrowing. Alternative Currency Tranche Revolving Loans may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 2 contracts

Samples: Credit Agreement (Welltower Inc.), Credit Agreement (Welltower Inc.)

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Alternative Currency Tranche Revolving Loans. Subject to the terms and conditions set forth herein, each Alternative Currency Tranche Revolving Lender severally agrees to make loans (each such loan, an “Alternative Currency Tranche Revolving Loan”) in one or more Alternative Currencies from time to time on any Business Day during the Availability Period with respect to the Alternative Currency Tranche Revolving Commitments, in an aggregate amount not to exceed at any time outstanding the amount of such Alternative Currency Tranche Revolving Lender’s Alternative Currency Tranche Revolving Commitment; provided, however, that after giving effect to any Alternative Currency Tranche Revolving Borrowing, (i) the Alternative Currency Tranche Revolving Exposure of any Alternative Currency Tranche Revolving Lender shall not exceed such Alternative Currency Tranche Revolving Lender’s Alternative Currency Tranche Revolving Commitment, (ii) the aggregate Alternative Currency Tranche Revolving Exposures shall not exceed the total Alternative Currency Tranche Revolving Commitments and (iii) the Total Revolving Outstandings shall not exceed the Revolving Facility. Within the limits of each Alternative Currency Tranche Revolving Lender’s Alternative Currency Tranche Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Alternative Currency Tranche Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.01(b)(ii). Alternative Currency Tranche Revolving Loans must consist of Eurocurrency Rate Loans. Notwithstanding the preceding sentence, any Alternative Currency Tranche Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be subject to the receipt by the Administrative Agent of a Funding Indemnity Letter from the Borrower not less than three (3) Business Days prior to the date of such Alternative Currency Tranche Revolving Borrowing. Alternative Currency Tranche Revolving Loans may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 2 contracts

Samples: Credit Agreement (Welltower Inc.), Credit Agreement (Health Care Reit Inc /De/)

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Alternative Currency Tranche Revolving Loans. Subject to the terms and conditions set forth herein, each Alternative Currency Tranche Revolving Lender severally agrees to make loans (each such loan, an “Alternative Currency Tranche Revolving Loan”) in one or more Alternative Currencies from time to time on any Business Day during the Availability Period with respect to the Alternative Currency Tranche Revolving Commitments, in an aggregate amount not to exceed at any time outstanding the amount of such Alternative Currency Tranche Revolving Lender’s Alternative Currency Tranche Revolving Commitment; provided, however, that after giving effect to any Alternative Currency Tranche Revolving Borrowing, (i) the Alternative Currency Tranche Revolving Exposure of any Alternative Currency Tranche Revolving Lender shall not exceed such Alternative Currency Tranche Revolving Lender’s Alternative Currency Tranche Revolving Commitment, (ii) the aggregate Alternative Currency Tranche Revolving Exposures shall not exceed the total Alternative Currency Tranche Revolving Commitments and (iii) the Total Revolving Outstandings shall not exceed the Revolving Facility. Within the limits of each Alternative Currency Tranche Revolving Lender’s Alternative Currency Tranche Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Alternative Currency Tranche Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.01(b)(ii). Alternative Currency Tranche Revolving Loans must consist of Eurocurrency Eurodollar Rate Loans. Notwithstanding the preceding sentence, any Alternative Currency Tranche Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be subject to the receipt by the Administrative Agent of a Funding Indemnity Letter from the Borrower not less than three (3) Business Days prior to the date of such Alternative Currency Tranche Revolving Borrowing. Alternative Currency Tranche Revolving Loans may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Health Care Reit Inc /De/)

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