Common use of Amounts and Terms of Commitments Clause in Contracts

Amounts and Terms of Commitments. (a) The Revolving Credit. 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 the Revolving Loan Termination Date, in an aggregate 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 2.5 or as a result of one or more assignments under Section 11.8, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing and the incurrence or repayment of any other Revolving Loans, without duplication, the aggregate principal amount of all outstanding Revolving Loans shall not at any time exceed the Total Commitment; and provided further, that the aggregate principal amount of any Bank's, outstanding Revolving Loans shall not at any time exceed such Bank's 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 2.1(a), prepay under Section 2.6 and reborrow under this Section 2.1(a).

Appears in 1 contract

Samples: Acceptance Agreement (Citgo Petroleum Corp)

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Amounts and Terms of Commitments. (a) The Revolving Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Company (each such loan, a "Revolving Loan"Loan ) from time to time on any Business Day during the period from the Closing Date to the Revolving Loan Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 2.01 (such amount amount, as the same may be reduced under Section 2.5 2.05 or Section 2.07 or as a result of one or more assignments under Section 11.811.08, the such Bank's "Commitment"Commitment ); provided, however, that, after giving effect to any Borrowing and the incurrence or repayment of any other Revolving Loans, without duplication, the aggregate principal amount sum of the Effective Amount of all outstanding Revolving Loans and the Effective Amount of all L/C Obligations shall not at any time exceed the Total Commitmentlesser of (a) the Borrowing Base Amount or (b) an amount equal to the combined Commitments minus (unless otherwise agreed to by the Majority Banks) the 1997_Senior Note Reserve after giving effect to the requested Borrowing; and provided further, that the aggregate principal amount Effective Amount of the Revolving Loans of any Bank's, outstanding Revolving Loans Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's 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 2.1(a)2.01, prepay under Section 2.6 2.06 and Section 2.07 and reborrow under this Section 2.1(a).2.01. 2.02

Appears in 1 contract

Samples: Credit Agreement (Bucyrus International Inc)

Amounts and Terms of Commitments. (a) The Revolving Credit. Each Bank Lender severally agrees, on the terms and conditions set forth herein, to make loans 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 Effective Date to the Revolving Loan Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule SCHEDULE 2.1 (such amount amount, as the same may be reduced under Section 2.5 pursuant to SECTION 2.7, or as a result of changed by one or more assignments under Section SECTION 11.8, the Banksuch Lender's "CommitmentCOMMITMENT"); providedPROVIDED, howeverHOWEVER, that, after giving effect to any Borrowing and the incurrence or repayment of any other Revolving Loans, without duplicationCommitted Borrowing, the aggregate principal amount of all outstanding Revolving Loans Total Outstandings shall not at any time exceed the Total Commitmentcombined Commitments; and provided furtherAND PROVIDED, FURTHER, that the aggregate principal amount of the Committed Loans of any Bank's, Lender PLUS the participation of such Lender in the principal amount of all outstanding Revolving Swing Line Loans and in the Effective Amount of all L/C Obligations shall not at any time exceed such BankLender's Commitment. Within the limits of each BankLender's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.1(a)SECTION 2.1, prepay under Section 2.6 SECTION 2.8 and reborrow under this Section 2.1(a)SECTION 2.1.

Appears in 1 contract

Samples: Credit Agreement (Republic Services Inc)

Amounts and Terms of Commitments. (a) The Revolving Credit. Each Bank Lender severally agrees, on the terms and conditions set forth herein, to make loans Committed Loans to the Company (each such loan, a "Revolving Loan") Borrowers from time to time on any Business Day during the period from the Closing Effective Date to the Revolving Loan Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 (such amount amount, as the same may be reduced under pursuant to Section 2.5 2.7, increased pursuant to Section 2.17 or as a result of changed by one or more assignments under Section 11.812.8, the Banksuch Lender's "Commitment"); provided, however, that, after giving effect to any Borrowing and the incurrence or repayment of any other Revolving Loans, without duplicationCommitted Borrowing, the aggregate principal amount of all outstanding Revolving Loans Total Outstandings shall not at any time exceed the Total Commitmentcombined Commitments; and provided provided, further, that the aggregate principal amount of the Committed Loans of any Bank's, Lender plus the participation of such Lender in the principal amount of all outstanding Revolving Swing Line Loans and in the Effective Amount of all L/C Obligations shall not at any time exceed such BankLender's Commitment. Within the limits of each BankLender's Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.1(a)2.1, prepay under Section 2.6 2.8 and reborrow under this Section 2.1(a)2.1.

Appears in 1 contract

Samples: Credit Agreement (Hussmann International Inc)

Amounts and Terms of Commitments. (a) The Revolving Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Company (each such loan, a "Revolving LoanREVOLVING LOAN") from time to time on any Business Day during the period from the Closing Date to the Revolving Loan Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 SCHEDULE 2.01 (such amount amount, as the same may be reduced under Section 2.5 Sections 2.05 or 2.07 or as a result of one or more assignments under Section 11.811.08, the Bank's "CommitmentCOMMITMENT"); providedPROVIDED, howeverHOWEVER, that, after giving effect to any Borrowing and the incurrence or repayment of any other Revolving Loans, without duplication, the aggregate principal amount Effective Amount of all outstanding Revolving Loans Loans, and the Effective Amount of all L/C Obligations, shall not at any time exceed the Total CommitmentCombined Commitments; and provided furtherPROVIDED FURTHER, that the aggregate principal amount Effective Amount of the Revolving Loans of any Bank's, outstanding Revolving Loans Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's 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 2.1(a)2.01, prepay under Section 2.6 2.06 and reborrow under this Section 2.1(a)2.01.

Appears in 1 contract

Samples: Credit Agreement (Cb Richard Ellis Services Inc)

Amounts and Terms of Commitments. (a) The Revolving Credit. 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 the Revolving Loan Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 2.01 (such amount as the same may be reduced under Section 2.5 Subsection 2.05 or as a result of one or more assignments under Section 11.811.08, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing and the incurrence or repayment of any other Revolving Loans, without duplication, the aggregate principal amount Effective Amount of all outstanding Revolving Loans and the Effective Amount of all L/C Obligations, shall not at any time exceed the Total Commitmentlower of the: (i) combined Commitments, and (ii) then applicable Aggregate Borrowing Base; and provided further, that the aggregate principal amount Effective Amount of the Revolving Loans of any Bank's, outstanding Revolving Loans Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's 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 2.1(a)2.01, prepay under Section 2.6 2.06 and reborrow under this Section 2.1(a)2.01.

Appears in 1 contract

Samples: Security Agreement (California Microwave Inc)

Amounts and Terms of Commitments. (a) The Revolving Credit. 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 the Revolving Loan Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 2.01 (such amount as the same may be reduced under Section 2.5 2.04 or revised as a result of one or more assignments under Section 11.810.08, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing and the incurrence or repayment of any other Revolving Loans, without duplication, the aggregate principal amount Effective Amount of all outstanding Revolving Loans and the Effective Amount of all L/C Obligations, shall not at any time exceed the Total Commitmentcombined Commitments; and provided further, that the aggregate principal amount Effective Amount of the Revolving Loans of any Bank's, outstanding Revolving Loans Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's 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 2.1(a)section 2.01, prepay under Section 2.6 2.05 and reborrow under this Section 2.1(a)section 2.01. All Revolving Loans shall be Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Sierra Health Services Inc)

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Amounts and Terms of Commitments. (a) The Revolving Credit. 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 the Revolving Loan Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 2.01 (such amount as the same may be reduced under Section 2.5 2.05 or increased under Section 2.08 or as a result of one or more assignments under Section 11.810.08, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing and the incurrence or repayment of any other Revolving Loans, without duplication, the aggregate principal amount Effective Amount of all outstanding Revolving Loans and the Effective Amount of all L/C Obligations, shall not at any time exceed the Total Commitmentcombined Commitments; and provided further, that the aggregate principal amount Effective Amount of the Revolving Loans of any Bank's, outstanding Revolving Loans Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's 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 2.1(a)section 2.01, prepay under Section 2.6 2.06 and reborrow under this Section 2.1(a)section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Sierra Health Services Inc)

Amounts and Terms of Commitments. (a) The Revolving Credit. 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 the Revolving Loan Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 2.01 (such amount as the same may be reduced under Section 2.5 2.05 or as a result of one or more assignments under Section 11.810.08, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing and the incurrence or repayment of any other Revolving Loans, without duplication, the aggregate principal amount Effective Amount of all outstanding Revolving Loans and the Effective Amount of all L/C Obligations, shall not at any time exceed the Total Commitmentcombined Commitments; and provided further, that the aggregate principal amount Effective Amount of the Revolving Loans of any Bank's, outstanding Revolving Loans Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's 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 2.1(a)2.01, prepay under Section 2.6 2.06 and reborrow under this Section 2.1(a)2.01.

Appears in 1 contract

Samples: Credit Agreement (Cypress Semiconductor Corp /De/)

Amounts and Terms of Commitments. (a) The Revolving Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans 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 Revolving Loan Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 2.01 (such amount as the same may be reduced under Section 2.5 2.05 or as a result of one or more assignments under Section 11.811.08, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing and the incurrence or repayment of any other Revolving Loans, without duplication, the aggregate principal amount Effective Amount of all outstanding Revolving Loans and the Effective Amount of all L/C Obligations, shall not at any time exceed the Total Commitmentcombined Commitments; and provided further, that the aggregate principal amount Effective Amount of the Revolving Loans of any Bank's, outstanding Revolving Loans Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's 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 2.1(a)2.01, prepay under Section 2.6 2.06 and reborrow under this Section 2.1(a)2.01.

Appears in 1 contract

Samples: Credit Agreement (Landrys Seafood Restaurants Inc)

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