Common use of Amount of Revolving Loans Clause in Contracts

Amount of Revolving Loans. Upon the --------------- ------------------------- satisfaction of the conditions precedent contained in Section 4.1, Section ----------- ------- 4.3, and, with respect to the Non-U.S. Subsidiary Borrower, Section 4.2, --- ----------- from and including the date of this Agreement and prior to the Revolving Loan Termination Date (or, if earlier, the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.7 hereof or ----------- the Commitments pursuant to Section 8.1 hereof), each Lender severally ----------- agrees, on the terms and conditions set forth in this Agreement, to make revolving loans to the applicable Borrower from time to time in Agreed Currencies in an aggregate Dollar Amount with respect to any such Loan not to exceed such Lender's Revolving Loan Percentage of Revolving Credit Availability, or, if less, such Lender's Revolving Loan Commitment, at such time (each individually, a "REVOLVING LOAN" and, collectively, the "REVOLVING LOANS"); provided, however, that (i) at no time shall the -------- ------- Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment, (ii) upon giving effect to each Revolving Loan, the aggregate outstanding principal Dollar Amount of all Eurocurrency Advances and Facility LCs in Agreed Currencies other than Dollars shall not exceed the Maximum Eurocurrency Amount and (iii) upon giving effect to each Revolving Loan, the aggregate outstanding principal Dollar Amount of all Revolving Loans and Facility LCs made to or issued for the account of the Non-U.S. Subsidiary Borrower shall not exceed the Maximum Non-U.S.

Appears in 1 contract

Sources: Credit Agreement (Gardner Denver Inc)

Amount of Revolving Loans. Upon the --------------- ------------------------- satisfaction of the conditions precedent contained in Section 4.1, Section ----------- ------- 4.1A, Section 4.3, and, with respect to the any Non-U.S. Subsidiary Borrower (other than the German Borrower or the UK Borrower), Section 4.2, --- ----------- from and including the date of this Agreement Revolving Loan Funding Date and prior to the Revolving Loan Termination Maturity Date (or, if earlier, the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.7 hereof or ----------- the Commitments pursuant to Section 8.1 hereof), each Revolving Loan Lender severally ----------- agrees, on the terms and conditions set forth in this Agreement, to make revolving loans to the applicable Borrower from time to time in Agreed Currencies in an aggregate Dollar Amount with respect to any such Loan not to exceed such Lender's ’s Revolving Loan Percentage of Revolving Credit Availability, or, if less, such Lender's ’s Revolving Loan Commitment, at such time (each individually, a "REVOLVING LOAN" “Revolving Loan” and, collectively, the "REVOLVING LOANS"“Revolving Loans”); provided, however, that (i) at no time shall the -------- ------- Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment, (ii) upon giving effect to each Revolving Loan, the aggregate outstanding principal Dollar Amount of all Eurocurrency Advances and Facility LCs in Agreed Currencies other than Dollars shall not exceed the Maximum Eurocurrency Foreign Currency Amount and (iii) upon giving effect to each Revolving Loan, the aggregate outstanding principal Dollar Amount of all Revolving Loans and Facility LCs made to or issued for the account of the Non-U.S. Subsidiary Borrower Borrowers shall not exceed the Maximum Non-U.S.

Appears in 1 contract

Sources: Credit Agreement (Gardner Denver Inc)