Common use of Amounts and Terms of Commitments Clause in Contracts

Amounts and Terms of Commitments. Each Lender severally agrees, on the terms and conditions set forth herein, to make Committed Loans to the Company from time to time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 (such amount, as the same may be reduced under Section 2.8 or as a result of one or more assignments under Section 10.8, such Lender's "Commitment"); provided, however, that the Total Outstandings shall not at any time exceed the combined Commitments; and provided, further, that the aggregate Dollar Equivalent principal amount of all outstanding Loans (whether Committed Loans or Bid Loans) of any Lender plus such Lender's participation interest in all Swing Line Loans and BA Outstandings shall not at any time exceed such Lender's Commitment. Within the foregoing limits, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.1, prepay under Section 2.9 and reborrow under this Section 2.1.

Appears in 2 contracts

Samples: Credit Agreement (Truserv Corp), Credit Agreement (Truserv Corp)

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Amounts and Terms of Commitments. Each Lender Bank severally agrees, on the terms and conditions set forth herein, to make Committed Loans revolving loans to the Company Borrower (each such loan, a "Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 attached hereto (such amount, amount as the same may be reduced under Section 2.8 2.5 or as a result of one or more assignments under Section 10.8, such Lenderthe Bank's "Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"); provided, however, that that, after giving effect to any Borrowing, (a) the Total Outstandings aggregate principal amount of all outstanding Loans shall not at any time exceed the combined Commitments; Combined Commitments and provided, further, that (b) the aggregate Dollar Equivalent principal amount of all outstanding Working Capital Loans (whether Committed Loans or Bid Loans) of any Lender plus such Lender's participation interest in all Swing Line Loans and BA Outstandings shall not at any time exceed such Lender's Commitment$2,000,000. Within the foregoing limitslimits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.1, prepay under Section 2.9 2.6 and reborrow under this Section 2.1.

Appears in 2 contracts

Samples: Credit Agreement (Gentle Dental Service Corp), Credit Agreement (Gentle Dental Service Corp)

Amounts and Terms of Commitments. Each Lender severally agreesagrees (and not jointly or jointly and severally), on the terms and conditions set forth herein, to make Committed Loans to the Company Borrower from time to time on any Business Day during the period from the Closing Effective Date to the Termination Date, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 (such amount, as the same may be reduced under pursuant to Section 2.8 2.5 or as a result of changed by one or more assignments under Section 10.8, such Lender's "’s “Commitment"); provided, however, that that, after giving effect to any Borrowing, the Total Outstandings shall not at any time exceed the combined CommitmentsAggregate Commitment; and provided, further, that the aggregate Dollar Equivalent principal amount of all outstanding the Loans (whether Committed Loans or Bid Loans) of any Lender plus such Lender's participation interest in all Swing Line Loans and BA Outstandings shall not at any time exceed such Lender's ’s Commitment. Within the foregoing limitslimits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.1, prepay under Section 2.9 2.6(a) and reborrow under this Section 2.1.

Appears in 1 contract

Samples: Bridge Credit Agreement (Lance Inc)

Amounts and Terms of Commitments. Each Lender severally agrees, on the terms and conditions set forth herein, to make Committed Loans to the Company (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding the lesser of the following: (i) the amount set forth on Schedule 2.1 2.01 (such amount, as the same may be reduced under Section 2.8 2.05 or as a result of one or more assignments under Section 10.811.07, such the Lender's "Commitment")) and (ii) the Lender's Pro Rata Share of the current Borrowing Base; provided, however, that that, after giving effect to any Borrowing of Revolving Loans, the Total Outstandings Effective Amount of all outstanding Revolving Loans, together with the Effective Amount of all L/C Obligations, shall not at any time exceed the combined Commitments; and provided, further, that the aggregate Dollar Equivalent principal amount Commitments of all outstanding Loans (whether Committed Loans or Bid Loans) of any Lender plus such Lender's participation interest in all Swing Line Loans and BA Outstandings shall not at any time exceed such the Lenders. Within the limits of each Lender's Commitment. Within the foregoing limits, and subject to the other terms and conditions hereofof this Agreement, the Company may borrow under this Section 2.12.01, prepay under Section 2.9 2.06 and reborrow under this Section 2.12.01.

Appears in 1 contract

Samples: Credit Agreement (Giant Industries Inc)

Amounts and Terms of Commitments. (a) The Revolving Credit. Each Lender severally agrees, on the terms and conditions set forth herein, to make Committed Loans loans to Borrower (each such loan, a "Revolving Loan"; collectively, the Company "Revolving Loans") from time to time on any Business Day during the period from the Closing Date to the Revolving Commitment Termination Date, Date in an aggregate Dollar Equivalent amount not to exceed at any time outstanding the amount set forth specified for such Lender on Schedule 2.1 2.01 (such amount, as the same may be reduced under Section 2.8 2.06, or as a result of one or more assignments under Section 10.811.08, such Lender's "Revolving Commitment"); provided, however, that that, after giving effect to any Borrowing of Revolving Loans, the Total Outstandings aggregate principal amount of all outstanding Revolving Loans plus all outstanding Swing Line Loans plus all outstanding Special Facility Obligations shall not at any time exceed the combined Revolving Commitments; and provided, further, that the aggregate Dollar Equivalent principal amount of all outstanding Loans (whether Committed Loans or Bid Loans) of any Lender plus such Lender's participation interest in all Swing Line Loans and BA Outstandings shall not at any time exceed such Lender's Commitment. Within the foregoing limitslimits of each Lender's Revolving Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.12.01(a), prepay under Section 2.9 2.07 and reborrow from time to time under this Section 2.12.01(a).

Appears in 1 contract

Samples: Security Agreement (Evenflo Co Inc)

Amounts and Terms of Commitments. Each Lender Bank severally agrees, on the terms and conditions set forth herein, to make Committed Loans loans to the Company Borrowers (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding outstanding, together with the Bank's Pro Rata Share of the L/C Facility Commitment, the amount set forth on Schedule 2.1 (such amount, amount as the same may be reduced under Section 2.8 2.5 or as a result of one or more assignments under Section 10.8, such Lenderthe Bank's "Commitment"); provided, however, that that, after giving effect to any Borrowing of Revolving Loans, the Total Outstandings aggregate principal amount of all outstanding Revolving Loans, together with the L/C Facility Commitment, shall not at any time exceed the combined Commitments; and provided, further, that the aggregate Dollar Equivalent principal amount of all outstanding Loans (whether Committed Loans or Bid Loans) of any Lender plus such Lender's participation interest in all Swing Line Loans and BA Outstandings shall not at any time exceed such Lender's Commitment. Within the foregoing limitslimits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section subsection 2.1, prepay under Section 2.9 2.6 and reborrow under this Section subsection 2.1.

Appears in 1 contract

Samples: Credit Agreement (Specialty Equipment Companies Inc)

Amounts and Terms of Commitments. Each Lender severally agrees, on the terms and conditions set forth herein, to make Committed Loans to the Company from time to time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding the amount set forth on Schedule SCHEDULE 2.1 (such amount, as the same may be reduced under Section 2.8 SECTION 2.7 or as a result of one or more assignments under Section 10.8SECTION 11.8, such Lender's "CommitmentCOMMITMENT"); provided, however, PROVIDED that the Total Outstandings shall not at any time exceed the combined CommitmentsAggregate Commitment; and providedPROVIDED, furtherFURTHER, that the aggregate Dollar Equivalent principal amount of all outstanding Loans (whether the Committed Loans or Bid Loans) of any Lender plus PLUS the participation of such Lender's participation interest Lender in the Effective Amount of all Swing Line Loans and BA Outstandings L/C Obligations shall not at any time exceed the amount of such Lender's Commitment. Within the foregoing limitslimits of each Lender's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section SECTION 2.1, prepay under Section 2.9 SECTION 2.8 and reborrow under this Section SECTION 2.1.

Appears in 1 contract

Samples: Credit Agreement (International Multifoods Corp)

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Amounts and Terms of Commitments. Each Lender severally agrees, on the terms and conditions set forth herein, to make Committed Loans loans to the Company (each such loan, a "Loan") from time to time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 (such amount, as the same may be reduced under Section 2.8 2.5 or revised as a result of one or more assignments under Section 10.8, such Lender's "Commitment"); provided, however, that the Total Outstandings aggregate principal amount of all outstanding Loans shall not at any time exceed the combined Commitments; and provided, further, that the aggregate Dollar Equivalent principal amount of all outstanding the Loans (whether Committed Loans or Bid Loans) of any Lender plus such Lender's participation interest in all Swing Line Loans and BA Outstandings shall not at any time exceed such Lender's Commitment. Within the foregoing limitslimits of each Lender's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.1, prepay under Section 2.9 2.6 and reborrow under this Section 2.1.

Appears in 1 contract

Samples: Credit Agreement (Lee Enterprises Inc)

Amounts and Terms of Commitments. Each Lender severally agrees, on the terms and conditions set forth herein, to make Committed Loans to the Company from time to time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 (such amount, as the same may be reduced under Section 2.8 2.4 or as a result of one or more assignments under Section 10.8, such Lender's "Commitment"); provided, however, that the Total Outstandings shall not at any time exceed the lesser of (i) combined CommitmentsCommitments minus the Unusable Amount or (ii) the Borrowing Base; and provided, further, that the aggregate Dollar Equivalent principal amount of all outstanding Loans (whether Committed Loans or Bid Loans) of any Lender plus such Lender's participation interest in all Swing Line Loans and BA Outstandings shall not at any time exceed the lesser of (i) such Lender's CommitmentCommitment minus its Pro Rata Share of the Unusable Amount or (ii) such Lender's Pro Rata Share of the Borrowing Base. Within the foregoing limits, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.1, prepay under Section 2.9 2.5 and reborrow under this Section 2.1. All Loans and payments with respect thereto shall be in Dollars.

Appears in 1 contract

Samples: Credit Agreement (Truserv Corp)

Amounts and Terms of Commitments. Each Lender severally agrees, on the terms and conditions set forth herein, to make Committed Loans to the Company (each such loan, a "REVOLVING LOAN") from time to time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding the lesser of the following: (i) the amount set forth on Schedule 2.1 SCHEDULE 2.01 (such amount, as the same may be reduced under Section 2.8 SECTION 2.05 or as a result of one or more assignments under Section 10.8SECTION 11.07, such the Lender's "CommitmentCOMMITMENT")) and (ii) the Lender's Pro Rata Share of the current Borrowing Base; provided, however, that that, after giving effect to any Borrowing of Revolving Loans, the Total Outstandings Effective Amount of all outstanding Revolving Loans, together with the Effective Amount of all L/C Obligations, shall not at any time exceed the combined Commitments; and provided, further, that the aggregate Dollar Equivalent principal amount Commitments of all outstanding Loans (whether Committed Loans or Bid Loans) of any Lender plus such Lender's participation interest in all Swing Line Loans and BA Outstandings shall not at any time exceed such the Lenders. Within the limits of each Lender's Commitment. Within the foregoing limits, and subject to the other terms and conditions hereofof this Agreement, the Company may borrow under this Section 2.1SECTION 2.01, prepay under Section 2.9 SECTION 2.06 and reborrow under this Section 2.1SECTION 2.01.

Appears in 1 contract

Samples: Credit Agreement (Giant Industries Inc)

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