Common use of Amounts and Terms of Commitments Clause in Contracts

Amounts and Terms of Commitments. Each Bank severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans in Dollars and Offshore Currencies to the Borrower (each such loan, a "Committed Loan") from time to -------------- time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such Bank's name in Schedule 2.1 under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 or as a result of one or more assignments ----------- pursuant to Section 10.8, the Bank's "Commitment"); provided, however, that, ------------ after giving effect to any Borrowing of Committed Loans, the aggregate principal Dollar Equivalent amount of the Outstanding Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations of all Banks shall not exceed the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1, prepay pursuant to Section 2.9 and reborrow ----------- ----------- pursuant to this Section 2.1. -----------

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Apw LTD)

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Amounts and Terms of Commitments. Each Bank severally agrees, on -------------------------------- the -------------------------------- terms and conditions set forth herein, to make loans in Dollars and Offshore Currencies to the Borrower Borrowers (each such loan, a "Committed Loan") from time to -------------- time on any Business Day during the -------------- period from the Closing Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such the Bank's name in Schedule 2.1 under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 or as a result of one or more assignments ----------- pursuant to Section 10.811.8, the Bank's "Commitment"); ---------- provided, however, that, ------------ after giving effect to any Borrowing of Committed -------- ------- Loans, the aggregate principal Dollar Equivalent amount of the Outstanding all outstanding Loans plus Loan Note Guaranty Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations combined Commitments; provided, further, that in no event shall the aggregate principal Dollar -------- ------- Equivalent of all Banks shall not outstanding Committed Loans of the Subsidiary Borrower exceed the lesser of (x) $100,000,000 and (y) the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrower Borrowers may borrow under this Section 2.1, prepay pursuant to Section 2.9 and reborrow ----------- ----------- pursuant to this Section 2.1. -----------.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Applied Power Inc)

Amounts and Terms of Commitments. (a) The Term Loans. Each Term Bank severally agrees, on subject to -------------- the -------------------------------- terms and conditions hereinafter set forth hereinforth, to make loans in Dollars and Offshore Currencies a term loan (each, a "Term Loan") to the Borrower on the Initial Borrowing Date (each such loan, a "Committed Loan"and not --------- thereafter) from time to -------------- time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite Term Commitment of such Term Bank's name in Schedule 2.1 under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 or as a result of one or more assignments ----------- pursuant to Section 10.8, the Bank's "Commitment"); provided, however, that, ------------ provided however that after giving effect to -------- any Borrowing of Committed LoansTerm Loan made under a Term Commitment, the aggregate principal Dollar Equivalent amount of all outstanding Term Loans made under the Outstanding Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations of all Banks Term Commitments shall not exceed the combined CommitmentsAggregate Term Commitment. Within the limits of each Bank's Commitmentsuch limits, and subject to the other terms and conditions hereofof this Agreement, the Borrower may borrow Term Loans under this Section 2.12.01(a) and under Section 2.01(c); provided --------------- --------------- -------- that amounts borrowed as Term Loans which are repaid or prepaid may not be reborrowed. The Term Commitments shall automatically and permanently terminate effective as of January 13, prepay 2001. Term Loans may from time to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.9 and reborrow ----------- ----------- pursuant to this 2.03(b) or --------------- Section 2.12.04. -----------------------

Appears in 1 contract

Samples: Credit Agreement (Nexstar Broadcasting of the Wichita Falls LLC)

Amounts and Terms of Commitments. Each Bank severally agrees, on -------------------------------- the -------------------------------- terms and conditions set forth herein, to make loans in Dollars Dollars, Offshore Currencies and Offshore Agreed Alternative Currencies to the Borrower Borrowers (each such loan, a "Committed Loan") from time to -------------- time on any Business Day during the period -------------- from the Closing Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such Bank's name in Schedule 2.1 under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 or as a result of one or more assignments ----------- pursuant to Section 10.811.8, the Bank's "Commitment"); ---------- provided, however, that, ------------ after giving effect to any Borrowing of Committed -------- ------- Loans, the aggregate principal Dollar Equivalent amount of the Outstanding all outstanding Loans plus Loan Note Guaranty Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations combined Commitments; provided further, that in no event shall the aggregate principal Dollar Equivalent of all Banks shall not outstanding Committed Loans of the Subsidiary Borrower exceed the lesser of (x) $200,000,000 and (y) the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrower Borrowers may borrow under this Section 2.1, prepay pursuant to Section 2.9 and reborrow ----------- ----------- pursuant to this Section 2.1. -----------.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Applied Power Inc)

Amounts and Terms of Commitments. (a) The Loans. Each Bank severally agrees, on subject to the -------------------------------- terms --------- and conditions hereinafter set forth hereinforth, to make revolving loans in Dollars and Offshore Currencies to the Borrower (each such loaneach, a "Committed Loan") to the Borrowers from time to -------------- time on any Business Day Day, during the period from the Closing Date to the Termination Date---- Commitment Period, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite Commitment of such Bank's name in Schedule 2.1 under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 or as a result of one or more assignments ----------- pursuant to Section 10.8, the Bank's "Commitment"); provided, however, that, ------------ that after -------- giving effect to any Borrowing of Committed LoansLoan made under a Commitment, the aggregate principal Dollar Equivalent amount of all outstanding Loans made under the Outstanding Obligations held by each Bank shall not exceed such Bank's Commitment and Commitments plus the Outstanding Obligations ---- aggregate amount of all Banks outstanding Letter of Credit Obligations shall not exceed the combined CommitmentsAggregate Commitment. Within the limits of each Bank's Commitmentsuch limits, and subject to the other terms and conditions hereof, the Borrower Borrowers may borrow Loans under this Section 2.12.01(a), prepay Loans pursuant to Section 2.9 2.06 or 2.07(a)(i) --------------- ------------ ---------- and reborrow ----------- ----------- Loans pursuant to this Section 2.12.01(a). -----------Loans may from time --------------- to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrowers pursuant to Section 2.03(b) and --------------- Section 2.04. ------------

Appears in 1 contract

Samples: Credit Agreement (Nexstar Broadcasting of the Wichita Falls LLC)

Amounts and Terms of Commitments. (a) Each Bank Lender severally agrees, -------------------------------- on the -------------------------------- terms and conditions set forth herein, to make loans in Dollars and Offshore Currencies to any of the Borrower Borrowers (each such loan, a "Committed Revolving Loan") from time to -------------- time on any -------------- Business Day during the period from the Closing Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such Bank's name in Schedule 2.1 under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 or as a result of one or more assignments ----------- pursuant to Section 10.8, the Bank's "Commitment"); provided, however, that, ------------ provided that after giving effect to any Borrowing of Committed Revolving Loans, the -------- Aggregate Outstandings shall not exceed the Aggregate Commitment Amount; and provided, further, that after giving effect to any Borrowing of Revolving Loans, -------- ------- the aggregate outstanding principal Dollar Equivalent amount of the Outstanding Revolving Loans of any Lender plus such Lender's Pro Rata Share of the aggregate outstanding principal amount of all outstanding Swing Line Loans plus (without duplication) the participation of such Lender in (or, in the case of the Issuing Lender, its unparticipated portion of) the Effective Amount of all L/C Obligations held by each Bank shall not exceed such BankLender's Commitment and the Outstanding Obligations of all Banks shall not exceed the combined CommitmentsCommitment. Within the limits of each Bank's Commitmentforegoing limits, and subject to the other terms and conditions hereof, the Borrower Borrowers may borrow under this Section 2.1, prepay pursuant to under Section 2.9 2.7 and reborrow under this ----------- ----------- pursuant to this Section 2.1. -----------

Appears in 1 contract

Samples: Credit Agreement (Culligan Water Technologies Inc)

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Amounts and Terms of Commitments. (a) Each Bank severally agrees, -------------------------------- on the -------------------------------- terms and conditions set forth herein, to make loans in Dollars and Offshore Currencies to the Borrower (each such loan, loan a "Committed Revolving Loan") to the Company from time to -------------- time on any Business Day during -------------- the period from the Closing Date to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding outstanding, together with such Bank's Commitment Percentage of all Swingline Loans then outstanding, the amount set forth opposite such Bank's name in on Schedule 2.1 under the heading "Commitment" 2.01 (as such Schedule is ------------- deemed modified pursuant to this Article II or Article III or Section 10.07) (as such amount as the same may be ------------ increased or reduced pursuant to Section 2.8 Sections 2.06, 2.07, 2.08, 2.09, 3.06, 3.07 or as a result of one or more assignments ----------- pursuant to Section 10.88.02, the such Bank's "Commitment"); provided, however, that, ------------ ---------- -------- ------- after giving effect to any Borrowing of Committed Revolving Loans, the aggregate principal Dollar Equivalent amount of the Outstanding Obligations held by each Bank all outstanding Revolving Loans and Swingline Loans shall not exceed such Bank's Commitment and the Outstanding Obligations of all Banks shall not at any time exceed the combined CommitmentsCommitments of all the Banks. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrower Company may borrow under this Section 2.12.01(a), prepay pursuant to under Section 2.9 2.09(a) and reborrow ----------- ----------- pursuant to under this Section 2.1. -----------2.01(a).

Appears in 1 contract

Samples: Revolving Credit Agreement (Compaq Computer Corp)

Amounts and Terms of Commitments. Each Bank severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans in Dollars and Offshore Currencies to the Borrower Borrowers (each such loan, a "Committed Loan") from time to -------------- time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such Bank's name in Schedule 2.1 under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 or as a result of one or more assignments ----------- pursuant to Section 10.8, the Bank's "Commitment"); provided, however, that, ------------ after giving effect to any Borrowing of Committed Loans, the aggregate principal Dollar Equivalent amount of the Outstanding Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations of all Banks shall not exceed the combined Commitments; provided further, that in no event shall the aggregate principal of all Outstanding Obligations of APW-NA exceed the APW-NA Sublimit. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrower Borrowers may borrow under this Section 2.1, prepay pursuant to Section 2.9 and reborrow ----------- ----------- pursuant to this ----------- ----------- Section 2.1. -----------

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Apw LTD)

Amounts and Terms of Commitments. Each Bank Lender -------------------------------- severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans in Dollars and Offshore Currencies Committed Loans to the Borrower (each such loan, a "Committed Loan") Company from time to -------------- time on any Business Day during the period from the Closing Effective Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such Bank's name in on Schedule 2.1 under the heading "Commitment" (such amount ------------ amount, as the same may be ------------ reduced pursuant to Section 2.8 2.7, increased pursuant to ----------- Section 2.17 or as a result of changed by one or more assignments ----------- pursuant to under Section 10.8------------ ------- 11.8, the Banksuch Lender's "Commitment"); provided, however, that, ------------ after ---- ---------- -------- ------- giving effect to any Borrowing of Committed LoansBorrowing, the aggregate principal Dollar Equivalent amount of the Outstanding Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations of all Banks Total Outstandings shall not exceed the combined Commitments; and provided, further, --- -------- ------- that the aggregate principal amount of the Committed Loans of any Lender plus the participation of such Lender in the principal ---- amount of all outstanding Swing Line Loans and in the Effective Amount of all L/C Obligations shall not at any time exceed such Lender's Commitment. Within the limits of each BankLender's Commitment, and subject to the other terms and conditions hereof, the Borrower Company may borrow under this Section 2.1, prepay pursuant to under ----------- Section 2.9 2.8 and reborrow ----------- ----------- pursuant to under this Section 2.1. ----------- -----------

Appears in 1 contract

Samples: Credit Agreement (Earthgrains Co /De/)

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