Amount and Terms of Credit Facility Sample Clauses

Amount and Terms of Credit Facility. The Commitments. Subject to and upon the terms and conditions set forth herein, each Lender severally agrees to make on and after the Initial Borrowing Date and prior to the Commitment Termination Date and at the times specified in Section 2.02 term loans to the Borrower (each, a “Loan” and, collectively, the “Loans”), which Loans (i) shall bear interest in accordance with Section 2.06, (ii) shall be denominated and repayable in Dollars, (iii) shall be disbursed on any Borrowing Date, (iv) shall not exceed on such Borrowing Date for all Lenders the Dollar Equivalent of the maximum available amount for such Borrowing Date as set forth in Section 2.02 and (v) disbursed on any Borrowing Date shall not exceed for any Lender the Dollar Equivalent of the Commitment of such Lender on such Borrowing Date.
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Amount and Terms of Credit Facility. 2.1 The Loan. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties made by each Borrower herein Lender agrees to make Advances from time to time, on or before the Maturity Date, in accordance with the borrowing procedures set forth in paragraph 2.4 hereof; provided, however, that the aggregate principal amount at any one time outstanding under the Note shall not exceed the lesser of (i) the Borrowing Base then in effect less the sum of the Monthly Commitment Reductions with respect to the Loan which have occurred subsequent to the immediately preceding Borrowing Base Determination; or (ii)
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Amount and Terms of Credit Facility. 2.01 The Commitments (a) Subject to and upon the terms and conditions set forth herein, each Lender with an Initial Commitment severally agrees to make, at any time and from time to time on or after the Initial Borrowing Date and prior to the Maturity Date, a revolving loan or revolving loans (each, an “Initial Loan” and, collectively, the “Initial Loans”) to the Borrower (the “Initial Facility”), which Initial Loans: (i) shall be denominated in Dollars, (ii) shall bear interest in accordance with Section 2.07, (iii) may be repaid and reborrowed in accordance with the provisions hereof, and (iv) shall not exceed for any such Lender at any time outstanding that aggregate principal amount which, when added to the product of (x) such Lender’s Percentage under the Initial Facility and (y) the aggregate amount of all Letters of Credit Outstanding under the Initial Facility (exclusive of Unpaid Drawings under the Initial Facility which are repaid with the proceeds of, and simultaneously with the incurrence of, the respective incurrence of Initial Loans) at such time equals the Initial Commitment of such Lender under the Initial Facility at such time.
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Amount and Terms of Credit Facility. Section 2.1. Revolving Credit Advances . . . . . . . . . . 18 Section 2.2. Revolving Credit Note . . . . . . . . . . . . 19 Section 2.3. Interest Rate . . . . . . . . . . . . . . . . 19 Section 2.4. Computations. . . . . . . . . . . . . . . . . 20 Section 2.5. Default Interest. . . . . . . . . . . . . . . 20 Section 2.6. Use of Proceeds . . . . . . . . . . . . . . . 20 Section 2.7. Conditions to Effectiveness and Advances; Procedures . . . . . . . . . . . . . . . . . 20 Section 2.8.
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Amount and Terms of Credit Facility. 12 2.1 Revolving Line of Credit.................................................. 12 2.2
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Amount and Terms of Credit Facility 
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Related to Amount and Terms of Credit Facility

  • Amount and Terms of Credit 1.1 Credit Facilities

  • Amount and Terms of the Credit Facility 2.1. The Commitments; Increase in Total Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that will not result in such Lender’s Exposure exceeding such Lender’s Commitment. During the Commitment Period the Borrower may use the Commitments by borrowing, prepaying the Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary in this Agreement, in no event may Loans be borrowed under this Section 2.1 if, after giving effect thereto, the aggregate principal amount (a) of the Total Exposures at such time would exceed the Total Commitments then in effect or (b) the Exposure of any Lender at such time would exceed such Lender’s Commitment. The Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.6. The respective obligations of the Lenders under this Agreement are several and not joint and no Lender shall be responsible for the failure of any other Lender to satisfy its obligations hereunder.

  • Amount and Terms of Commitments 2.1 [Reserved].

  • Amount and Terms of Revolving Commitments 2.1 [Reserved].

  • Amount and Terms of the Loans 2.1 Commitments 25 2.2 Borrowings 26 2.3 Disbursements; Funding Reliance; Domicile of Loans 29 2.4 Evidence of Debt; Notes 30

  • Amount and Terms of the Commitments 30 Section 2.1. General Description of Facilities 30 Section 2.2. Revolving Loans 31 Section 2.3. Procedure for Revolving Borrowings 31 Section 2.4. Swingline Commitment 31 Section 2.5. Funding of Borrowings 33 Section 2.6. Interest Elections 33 Section 2.7. Optional Reduction and Termination of Commitments 34 Section 2.8. Repayment of Loans 35 Section 2.9. Evidence of Indebtedness 35 Section 2.10. Optional Prepayments 35 Section 2.11. Mandatory Prepayments 36 Section 2.12. Interest on Loans 36 Section 2.13. Fees 37 Section 2.14. Computation of Interest and Fees 38 Section 2.15. Inability to Determine Interest Rates 38 Section 2.16. Illegality 38 Section 2.17. Increased Costs 39 Section 2.18. Funding Indemnity 40 Section 2.19. Taxes 40 Section 2.20. Payments Generally; Pro Rata Treatment; Sharing of Set-offs 43 Section 2.21. Letters of Credit 45 Section 2.22. Increase of Commitments; Additional Lenders 49 Section 2.23. Mitigation of Obligations 52 Section 2.24. Replacement of Lenders 52 Section 2.25. Defaulting Lenders 53 Section 2.26. All Obligations to Constitute Joint and Several Obligations 54 ARTICLE III

  • Amount and Terms of the Commitment Section 2.1 The Advances.................................................... 7 Section 2.2 Making the Advances............................................. 8 Section 2.3 Fees............................................................ 10 Section 2.4 Reduction or Termination of the Commitment...................... 10 Section 2.5 Repayments of Interest Advances or the Final Advance............ 10 Section 2.6 Repayments of Downgrade Advances and Non-Extension Advances.......................................... 11 Section 2.7 Payments to the Liquidity Provider Under the Intercreditor Agreement......................................... 12 Section 2.8 Book Entries.................................................... 12 Section 2.9 Payments from Available Funds Only.............................. 12

  • Amount and Terms of Loans 2.1 Revolving Credit Loans

  • Amounts and Terms of the Advances and Letters of Credit SECTION 2.01. The Advances and Letters of Credit. (a)

  • Amount and Terms of Loan The Borrower agrees to borrow from IREDA and IREDA agrees to lend to the Borrower, on the terms and conditions contained herein as also in the General Conditions, the sum mentioned in Schedule-I amounting to Rs. lakhs (Rupees only). The said sum is hereinafter referred to as "the Loan".

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