Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Company from time to time on any Business Day during the period from the Closing Date to, but not including, the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite the Bank's name in Schedule 2.01 under the heading "Commitment" (such amount as the same may be reduced pursuant to Section 2.06 or as a result of one or more assignments pursuant to Section 11.08, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing of Loans, the aggregate principal Dollar Equivalent amount of all outstanding Loans and L/C Obligations shall not exceed the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay pursuant to Section 2.07 and reborrow pursuant to this Section 2.01.
Appears in 2 contracts
Sources: Multicurrency Credit Agreement (Payless Shoesource Holdings Inc), Credit Agreement (Payless Shoesource Inc)
Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Company from time to time on any Business Day during the period from the Closing Refinancing Date to, but not including, to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite the Bank's name in Schedule 2.01 under the heading "Commitment" on SCHEDULE 2.1 (as such amount as the same may be reduced pursuant to under Section 2.06 2.7 or as a result of one or more assignments pursuant to under Section 11.0810.8, the each Bank's "CommitmentCOMMITMENT"); providedPROVIDED, howeverHOWEVER, that, after giving effect to any Borrowing of LoansCommitted Borrowing, the aggregate principal Dollar Equivalent amount of all outstanding Loans and L/C Obligations shall not at any time exceed the lesser of (i) the combined CommitmentsCommitments or (ii) the Borrowing Base. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.012.1, prepay pursuant to under Section 2.07 2.8 and reborrow pursuant to under this Section 2.012.1; and PROVIDED FURTHER, that the Company shall not have Federal Funds Rate Committed Loans outstanding for 30 consecutive days or longer.
Appears in 2 contracts
Sources: Credit Agreement (Pilgrim America Prime Rate Trust), Credit Agreement (Ing Prime Rate Trust)
Amounts and Terms of Commitments. (a) Each Bank severally agrees, on the terms and conditions set forth herein, to make 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, but not including, to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding, together with the principal amount of Loans outstanding in favor of such Bank at such time, the amount set forth opposite the next to such Bank's ’s name in on Schedule 2.01 under the heading "Commitment" 2.1 (such amount amount, as the same may be reduced pursuant to or increased under Section 2.06 2.6 or as a result of one or more assignments pursuant to under Section 11.0810.8, the Bank's "’s “Commitment"”); provided, however, that, after giving effect to any Borrowing of LoansBorrowing, the aggregate principal Dollar Equivalent amount of all outstanding Loans and L/C Obligations shall not at any time exceed the combined Commitments. Within the limits of each Bank's ’s Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.012.1, prepay pursuant to under Section 2.07 2.7 and reborrow pursuant to under this Section 2.012.1.
Appears in 1 contract
Sources: Credit Agreement (Marcus Corp)
Amounts and Terms of Commitments. Each Bank severally agrees, on and -------------------------------- subject to the terms and conditions set forth herein, to make loans Loans to the Company from time to time as requested by the Company in accordance with Sections 2.03 and 10.02 on any Business Day during the period from the Closing Date to, but not including, to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite the Bank's its name in on Schedule 2.01 under the heading "Commitment" ------------- (such amount amount, as the same may be reduced pursuant to under Section 2.06 2.05 or as a result of one or more assignments pursuant to under Section 11.0810.08, the Bank's "Commitment"); provided, ---------- -------- however, that, after giving effect to any Borrowing of LoansBorrowing, ------- the aggregate principal Dollar Equivalent amount of all outstanding Loans and L/C Obligations to the Company shall not at any time exceed the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay pursuant to under Section 2.07 2.06 and reborrow pursuant to under this Section 2.01.
Appears in 1 contract
Sources: Credit Agreement (McKesson Corp)
Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Company Borrowers (each such loan, a "Loan") from time to time on any Business Day during the period from the Closing Effective Date to, but not including, to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding, together with the principal amount of Loans outstanding in favor of such Bank at such time, the amount set forth opposite the next to such Bank's name in on Schedule 2.01 under the heading "Commitment" 2.1 (such amount as the same may be reduced pursuant to under Section 2.06 2.5 or as a result of one or more assignments pursuant to under Section 11.0813.8, the Bank's -15- "Commitment"); provided, however, that, after giving effect to any Borrowing of LoansBorrowing, the aggregate principal Dollar Equivalent amount of all outstanding Loans and L/C Obligations shall not at any time exceed the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.012.1, prepay pursuant to under Section 2.07 2.6 and reborrow pursuant to under this Section 2.012.1.
Appears in 1 contract
Amounts and Terms of Commitments. Each Bank severally agrees, on and -------------------------------- subject to the terms and conditions set forth herein, to make loans Loans to the Company from time to time as requested by the Company in accordance with Sections 2.03 and 10.02 on any Business Day during the period from the Closing Date to, but not including, to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite the Bank's its name in on Schedule 2.01 under the heading "Commitment" ------------- (such amount amount, as the same may be reduced pursuant to under Section 2.06 2.05 or as a result of one or more assignments pursuant to under Section 11.0810.08, the Bank's "Commitment"); provided, ---------- -------- however, that, after giving effect to any Borrowing of LoansBorrowing, the aggregate principal Dollar Equivalent ------- amount of all outstanding Loans and L/C Obligations to the Company shall not at any time exceed the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay pursuant to under Section 2.07 2.06 and reborrow pursuant to under this Section 2.01.
Appears in 1 contract
Sources: Credit Agreement (McKesson Corp)
Amounts and Terms of Commitments. Each Bank Lender severally agrees, on the terms and conditions set forth hereinherein (including Section 2.9), to make loans to the Company Borrower (each such loan, a "Loan"; collectively, the "Loans") from time to time on any Business Day during the period from the Closing Date to, but not including, to the Revolving Commitment Termination Date, Date in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite the Bank's name in specified for such Lender on Schedule 2.01 under the heading "Commitment" 2.1 (such amount amount, as the same may be reduced pursuant to under Section 2.06 2.4 or clause (d) of Section 2.6, or as a result of one or more assignments pursuant to under Section 11.0811.8, the Banksuch Lender's "Commitment"); provided, however, that, after giving effect to any Borrowing of Loans, the aggregate principal Dollar Equivalent amount of all outstanding Loans and L/C Obligations shall not at any time exceed the combined CommitmentsAvailable Commitment Amount. Within the limits of the Available Portion of each BankLender's Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.012.1, prepay pursuant to repay under Section 2.07 2.5 and reborrow pursuant from time to time under this Section 2.012.1.
Appears in 1 contract
Sources: Liquidity Facility (Evenflo & Spalding Holdings Corp)
Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make 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, but not including, to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding, together with the principal amount of Loans outstanding in favor of such Bank at such time, the amount set forth opposite the next to such Bank's name in on Schedule 2.01 under the heading "Commitment" 2.1 (such amount amount, as the same may be reduced pursuant to under Section 2.06 2.5 or as a result of one or more assignments pursuant to under Section 11.0810.8, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing of LoansBorrowing, the aggregate principal Dollar Equivalent amount of all outstanding Loans and L/C Obligations shall not at any time exceed the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.012.1, prepay pursuant to under Section 2.07 2.6 and reborrow pursuant to under this Section 2.012.1.
Appears in 1 contract
Sources: Credit Agreement (Marcus Corp)
Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Company (each such loan, a "Revolving Loan" or a "Loan") from time to time on any Business Day during the period from the Closing Date to, but not including, to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite the Bank's name in on Schedule 2.01 under the heading "Commitment" (such amount amount, as the same may be reduced pursuant to under Section 2.06 2.05 or as a result of one or more assignments pursuant to under Section 11.0810.08, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing of LoansBorrowing, the aggregate principal Dollar Equivalent amount of all outstanding Loans and L/C Obligations shall not at any time exceed the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay pursuant to under Section 2.07 2.06 and reborrow pursuant to under this Section 2.01.
Appears in 1 contract
Sources: Credit Agreement (R&b Falcon Corp)
Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make 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, but not including, to the Revolving Termination Date, in an aggregate principal 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 opposite the Bank's name in on Schedule 2.01 under the heading "Commitment" 2.1 (such amount as the same may be reduced pursuant to under Section 2.06 2.5 or as a result of one or more assignments pursuant to under Section 11.0810.8, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal Dollar Equivalent amount of all outstanding Loans and Revolving Loans, together with the L/C Obligations Facility Commitment, shall not at any time exceed the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01subsection 2.1, prepay pursuant to under Section 2.07 2.6 and reborrow pursuant to under this Section 2.01subsection 2.1.
Appears in 1 contract
Sources: Credit Agreement (Specialty Equipment Companies Inc)
Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions hereinafter set forth hereinforth, and upon request by the Company, to make loans Loans in Dollars to the Company from time to time on any Business Day during the period from the Closing Date to, but not including, to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite the Bank's name in Schedule 2.01 under the heading "Commitment" 2.01, (such amount as the same may be reduced pursuant to Section 2.06 2.05 or reduced or increased as a result of one or more assignments pursuant to Section 11.0810.08, the being herein referred to as a Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing of LoansBorrowing, the aggregate principal Dollar Equivalent amount of all outstanding Loans and L/C Obligations shall not exceed the combined CommitmentsAggregate Commitment. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay pursuant to Section 2.07 2.06 and reborrow pursuant to this Section 2.01.
Appears in 1 contract
Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make 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, but not including, to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding, together with the principal amount of Loans outstanding in favor of such Bank at such time, the amount set forth opposite the next to such Bank's name in on Schedule 2.01 under the heading "Commitment" 2.1 (such amount amount, as the same may be reduced pursuant to or increased under Section 2.06 2.5 or as a result of one or more assignments pursuant to under Section 11.0810.8, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing of LoansBorrowing, the aggregate principal Dollar Equivalent amount of all outstanding Loans and L/C Obligations shall not at any time exceed the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.012.1, prepay pursuant to under Section 2.07 2.6 and reborrow pursuant to under this Section 2.012.1.
Appears in 1 contract
Sources: Credit Agreement (Marcus Corp)
Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make 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, but not including, to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding, together with the principal amount of Loans outstanding in favor of such Bank at such time, the amount set forth opposite the next to such Bank's name in on Schedule 2.01 under the heading "Commitment" 2.1 (such amount as the same may be reduced pursuant to under Section 2.06 2.5 or as a result of one or more assignments pursuant to under Section 11.0813.8, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing of LoansBorrowing, the aggregate principal Dollar Equivalent amount of all outstanding Loans and L/C Obligations shall not at any time exceed the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.012.1, prepay pursuant to under Section 2.07 2.6 and reborrow pursuant to under this Section 2.012.1.
Appears in 1 contract