Common use of Amount Limitations Clause in Contracts

Amount Limitations. Notwithstanding any other term of this Agreement or any other Loan Document, no Lender shall be required to make a Loan (nor shall any Bid Rate Loan be made), the Agent shall not be required to issue a Letter of Credit and no reduction of the Commitments pursuant to Section 2.12. shall take effect, if immediately after the making of such Loan, the issuance of such Letter of Credit or such reduction in the Commitments: (a) the aggregate principal amount of all outstanding Revolving Loans, together with the aggregate principal amount of all outstanding Bid Rate Loans, the aggregate principal amount of all outstanding Swingline Loans and the aggregate amount of all Letter of Credit Liabilities, would exceed the aggregate amount of the Commitments at such time; or (b) the aggregate principal amount of all outstanding Bid Rate Loans would exceed 50% of the aggregate amount of the Commitments at such time; provided, however, that the Lenders may accept requests for Bid Rate Loans in an aggregate principal amount in excess of 50%, but not in excess of 75%, of the aggregate amount of the Commitments once per calendar quarter.

Appears in 2 contracts

Sources: Credit Agreement (Federal Realty Investment Trust), Credit Agreement (Federal Realty Investment Trust)

Amount Limitations. Notwithstanding any other term of this Agreement or any other Loan Document, no Revolving Lender shall be required to make a Loan (nor Loan, no Revolving Lender shall make any Bid Rate Loan be made)Loan, the Agent an Issuing Bank shall not be required to issue a Letter of Credit and no reduction of the Revolving Commitments pursuant to Section 2.122.13. shall take effect, if immediately after the making of such Loan, the issuance of such Letter of Credit or such reduction in the Revolving Commitments: (a) the aggregate principal amount of all outstanding Revolving Loans, Bid Rate Loans and Swingline Loans, together with the aggregate principal amount of all outstanding Bid Rate Loans, the aggregate principal amount of all outstanding Swingline Loans and the aggregate amount of all Letter of Credit Liabilities, would exceed the aggregate amount of the Revolving Commitments at such time; or (b) the aggregate principal amount of all outstanding Bid Rate Loans would exceed 5050.0% of the aggregate amount of the Revolving Commitments at such time; provided, however, that the Lenders may accept requests for Bid Rate Loans in an aggregate principal amount in excess of 50%, but not in excess of 75%, of the aggregate amount of the Commitments once per calendar quarter.

Appears in 2 contracts

Sources: Credit Agreement (Equity Commonwealth), Credit Agreement (Equity Commonwealth)

Amount Limitations. Notwithstanding any other term of this Agreement or any other Loan Document, no Lender shall be required to make a Loan (nor shall any Bid Rate Loan be made)Revolving Loan, the Agent Swingline Lender shall not be required to issue make a Swingline Loan, the L/C Issuer shall not be required to issue, increase or extend a Letter of Credit Credit, and no reduction of the Revolving Commitments pursuant to Section 2.12. 2.11 shall take effect, if immediately after the making of such Loan, the issuance issuance, increase or extension of such Letter of Credit or such reduction in the Revolving Commitments: , (a) the aggregate principal amount of all outstanding Revolving Loans, together with the aggregate amount of all Letter of Credit Liabilities, would exceed Borrowing Base Availability at such time or (b) the aggregate principal amount of all outstanding Bid Rate Loans, the aggregate principal amount of all outstanding Swingline Loans and together with the aggregate amount of all Letter of Credit Liabilities, would exceed the aggregate amount Revolving Commitments of the Commitments all Lenders at such time; or (b) the aggregate principal amount of all outstanding Bid Rate Loans would exceed 50% of the aggregate amount of the Commitments at such time; provided, however, that the Lenders may accept requests for Bid Rate Loans in an aggregate principal amount in excess of 50%, but not in excess of 75%, of the aggregate amount of the Commitments once per calendar quarter.

Appears in 2 contracts

Sources: Credit Agreement (HC Government Realty Trust, Inc.), Credit Agreement (HC Government Realty Trust, Inc.)

Amount Limitations. Notwithstanding any other term of this Agreement or any other Loan Document, no Lender shall be required to make a Loan (nor Loan, no Revolving Lender shall make any Bid Rate Loan be made)Loan, the Agent Issuing Banks shall not be required to issue a Letter Letters of Credit and no reduction of the Revolving Commitments pursuant to Section 2.122.13. shall take effect, if immediately after the making of such Loan, the issuance of such Letter of Credit or such reduction in the Revolving Commitments: (a) the aggregate principal amount of all outstanding Revolving Loans, Bid Rate Loans and Swingline Loans, together with the aggregate principal amount of all outstanding Bid Rate Loans, the aggregate principal amount of all outstanding Swingline Loans and the aggregate amount of all Letter of Credit Liabilities, would exceed the aggregate amount of the Revolving Commitments at such time; or (b) the aggregate principal amount of all outstanding Bid Rate Loans would exceed 5050.0% of the aggregate amount of the Revolving Commitments at such time; provided, however, that the Lenders may accept requests for Bid Rate Loans in an aggregate principal amount in excess of 50%, but not in excess of 75%, of the aggregate amount of the Commitments once per calendar quarter.

Appears in 2 contracts

Sources: Credit Agreement (Realty Income Corp), Credit Agreement (Realty Income Corp)

Amount Limitations. Notwithstanding any other term of this Agreement or any other Loan Document, no Revolving Lender shall be required to make a Loan (nor Revolving Loan, no Revolving Lender shall make any Bid Rate Loan be made)Loan, the Agent Issuing Banks shall not be required to issue a Letter of Credit and no reduction of the Revolving Commitments pursuant to Section 2.122.13. shall take effect, if immediately after the making of such Loan, the issuance of such Letter of Credit or such reduction in the Revolving Commitments: (a) the aggregate principal amount of all outstanding Revolving Loans, and Bid Rate Loans and Swingline Loans, together with the aggregate principal amount of all outstanding Bid Rate Loans, the aggregate principal amount of all outstanding Swingline Loans and the aggregate amount of all Letter of Credit Liabilities, would exceed the aggregate amount of the Revolving Commitments at such time; or (b) the aggregate principal amount of all outstanding Bid Rate Loans would exceed 5050.0% of the aggregate amount of the Revolving Commitments at such time; provided, however, that the Lenders may accept requests for Bid Rate Loans in an aggregate principal amount in excess of 50%, but not in excess of 75%, of the aggregate amount of the Commitments once per calendar quarter.. LEGAL02/40926073v6

Appears in 1 contract

Sources: Credit Agreement (Elme Communities)

Amount Limitations. 4930-5233-2131, v. 14930-5233-2131, v. 9 Notwithstanding any other term of this Agreement or any other Loan Document, no Revolving Lender shall be required to make a Loan (nor Revolving Loan, the Swingline Lender shall not be required to make a Swingline Loan, no Revolving Lender shall make any Bid Rate Loan be made)Loan, the Administrative Agent shall not be required to issue a Letter of Credit and no reduction of the Revolving Commitments pursuant to Section 2.122.13. shall take effect, if immediately after the making of any such Loan, the issuance of such Letter of Credit or such reduction in the Revolving Commitments: (a) the aggregate principal amount of all outstanding Revolving Loans, Bid Rate Loans and Swingline Loans, together with the aggregate principal amount of all outstanding Bid Rate Loans, the aggregate principal amount of all outstanding Swingline Loans and the aggregate amount of all Letter of Credit Liabilities, would exceed the aggregate amount of the Revolving Commitments at such time; or (b) the aggregate principal amount of all outstanding Bid Rate Loans would exceed 5050.0% of the aggregate amount of the Revolving Commitments at such time; provided, however, that the Lenders may accept requests for Bid Rate Loans in an aggregate principal amount in excess of 50%, but not in excess of 75%, of the aggregate amount of the Commitments once per calendar quarter.

Appears in 1 contract

Sources: Credit Agreement (Copt Defense Properties)

Amount Limitations. Notwithstanding any other term of this Agreement or any other Loan Document, no Lender shall be required to make a Loan (nor Revolving Loan, the Swingline Lender shall not be required to make a Swingline Loan, no Lender shall make any Bid Rate Loan be made)Loan, the Agent shall not be required to issue a Letter of Credit and no reduction of the Commitments pursuant to Section 2.12. shall take effect, if immediately after the making of any such Loan, the issuance of such Letter of Credit or such reduction in the Commitments: (a) the aggregate principal amount of all outstanding Revolving Loans, Bid Rate Loans and Swingline Loans, together with the aggregate principal amount of all outstanding Bid Rate Loans, the aggregate principal amount of all outstanding Swingline Loans and the aggregate amount of all Letter of Credit Liabilities, would exceed the aggregate amount of the Commitments at such time; or (b) the aggregate principal amount of all outstanding Bid Rate Loans would exceed 5050.0% of the aggregate amount of the Commitments at such time; provided, however, that the Lenders may accept requests for Bid Rate Loans in an aggregate principal amount in excess of 50%, but not in excess of 75%, of the aggregate amount of the Commitments once per calendar quarter.

Appears in 1 contract

Sources: Credit Agreement (Corporate Office Properties Trust)

Amount Limitations. Notwithstanding any other term of this Agreement or any other Loan Document, (a) no Lender shall be required to make a Loan (nor shall any Bid Rate Loan be made)Revolving Loan, the Agent Swingline Lender shall not be required to make a Swingline Loan, the Issuing Banks shall not be required to issue a Letter Letters of Credit and no reduction of the Revolving Commitments pursuant to Section 2.12. 2.12 shall take effect, if if, immediately after the making of such Loan, the issuance of such Letter of Credit or such reduction in the Revolving Commitments: (a) , the aggregate principal amount of all outstanding Revolving Loans and Swingline Loans, together with the aggregate principal amount of all outstanding Bid Rate Loans, the aggregate principal amount of all outstanding Swingline Loans and the aggregate amount of all Letter of Credit Liabilities, Liabilities would exceed the aggregate amount of the Revolving Commitments at such time; or , and (b) the aggregate principal amount of all outstanding Bid Rate Loans would any Term 1 Loan to be made by any Term 1 Loan Lender at any time shall not exceed 50% of the aggregate amount of the Commitments such ▇▇▇▇▇▇’s remaining unfunded Term 1 Loan Commitment at such time; provided, however, that the Lenders may accept requests for Bid Rate Loans in an aggregate principal amount in excess of 50%, but not in excess of 75%, of the aggregate amount of the Commitments once per calendar quarter.

Appears in 1 contract

Sources: Credit Agreement (Sunstone Hotel Investors, Inc.)

Amount Limitations. Notwithstanding any other term of this Agreement or any other Loan Document, no Revolving Lender shall be required to make a Loan (nor Revolving Loan, no Revolving Lender shall make any Bid Rate Loan be made)Loan, the Agent Issuing Banks shall not be required to issue a Letter of Credit and no reduction of the Revolving Commitments pursuant to Section 2.122.13. shall take effect, if immediately after the making of such Loan, the issuance of such Letter of Credit or such reduction in the Revolving Commitments: : (a) the aggregate principal amount of all outstanding Revolving Loans, Bid Rate Loans and Swingline Loans, together with the aggregate principal amount of all outstanding Bid Rate Loans, the aggregate principal amount of all outstanding Swingline Loans and the aggregate amount of all Letter of Credit Liabilities, would exceed the aggregate amount of the Revolving Commitments at such time; or or (b) the aggregate principal amount of all outstanding Bid Rate Loans would exceed 5050.0% of the aggregate amount of the Revolving Commitments at such time; provided, however, that the Lenders may accept requests for Bid Rate Loans in an aggregate principal amount in excess of 50%, but not in excess of 75%, of the aggregate amount of the Commitments once per calendar quarter.

Appears in 1 contract

Sources: Credit Agreement (Washington Real Estate Investment Trust)