Amounts and Terms of Facilities Clause Samples

The "Amounts and Terms of Facilities" clause defines the specific financial limits and conditions under which a lender provides credit or other financial facilities to a borrower. It typically outlines the maximum amount available, the types of facilities offered (such as loans, overdrafts, or lines of credit), and the key terms governing their use, including interest rates, repayment schedules, and any applicable fees. By clearly setting out these parameters, the clause ensures both parties understand the scope and rules of the financial arrangement, thereby reducing the risk of misunderstandings or disputes regarding the availability and use of funds.
Amounts and Terms of Facilities. SECTION 2.1 Revolving Credit Facilities.................................. 32 (a) Working Capital Loans............................................. 32 (b) Acquisition Loans................................................. 32 (c) Other Working Capital and Acquisition Loan Provisions............. 33 (d) Swing Line Loans.................................................. 33 SECTION 2.2 Term Loan Facility........................................... 35 (a)
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Amounts and Terms of Facilities. The Revolving Commitments. Each of the Banks severally agrees, on the terms and conditions set forth herein, to make advances to Borrowers from time to time on any Banking Day during the period from the Closing Date to but excluding the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the amount indicated with respect to such Bank on Schedule 2.1 (such amount, as the same may be reduced pursuant to Section 2.5 or as a result of one or more assignments under Section 11.8, such Bank's "Revolving Commitment").
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Amounts and Terms of Facilities 
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Related to Amounts and Terms of Facilities

  • Amounts and Terms of the Loans 2.1. The Revolving Credit Loans.............................................29 2.2. The Swing Loans........................................................30 2.3. Making the Loans.......................................................30 2.4. Fees...................................................................32 2.5. Reduction and Termination of the Revolving Credit Commitments..........32 2.6. Repayment..............................................................32 2.7. Prepayments............................................................32 2.8. Conversion/Continuation Option.........................................34 2.9. Interest...............................................................35 2.10. Interest Rate Determination...........................................35 2.11.

  • Amounts and Terms of Loans 2 1.1 Loans...........................................................................................2 1.2

  • Amounts and Terms of the Purchases SECTION 2.01.

  • Amounts and Terms of the Advances SECTION 2.01. The A Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Borrower from time to time on any Business Day during the period from the Closing until the Termination Date in an aggregate outstanding amount not to exceed at any time such Lender's Available Commitment, provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Lenders ratably according to their respective Percentages (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $10,000,000 (or, if lower, the amount of the Available Commitments) or an integral multiple of $1,000,000 in excess thereof and shall consist of A Advances of the same Type made on the same day by the Lenders ratably according to their respective Percentages. Within the limits of each Lender's Commitment and as hereinabove and hereinafter provided, the Borrower may request Extensions of Credit hereunder, and repay or prepay Advances pursuant to Section 2.11 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereof. (b) In no event shall the Borrower be entitled to request or receive any Extensions of Credit that would cause the principal amount outstanding hereunder to exceed the Commitments.

  • Amounts and Terms of Commitments Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Closing Date to the Termination Date (as the same may be extended pursuant to Section 2.09 hereof); and the Administrative Agent agrees, on the terms and conditions hereinafter set forth, to make Swing-Line Advances to the Borrower from time to time on any Business Day during the period from the Closing Date to the Termination Date (as the same may be extended pursuant to Section 2.09 hereof); and the Administrative Agent and the Issuing Bank agree, on the terms and conditions hereinafter set forth, to issue Letters of Credit for the account of the Borrower from time to time on any Business Day during the period from the Closing Date to the Termination Date (as the same may be extended pursuant to Section 2.09 hereof). The aggregate amount of each Bank's obligation to make Advances, together with such Bank's share of funding for any Letter of Credit upon negotiation by the beneficiary thereof, shall not exceed at any time the amount set forth opposite such Bank's name in SCHEDULE 1 under the heading "Commitment", and the aggregate amount of the Administrative Agent's obligation to make Advances and Swing-Line Advances, together with the Administrative Agent's share of funding for any Letter of Credit upon negotiation by the beneficiary thereof, shall not exceed at any time the amount set forth opposite the Administrative Agent's name in SCHEDULE 1 under the heading "Commitment" (such amount, as the same may be reduced pursuant to the terms of this Agreement, being such Bank's "Revolving Commitment"); PROVIDED, HOWEVER, that, after giving effect to any Borrowing, any Swing-Line Borrowing or any Issuance, the aggregate principal amount of all outstanding Advances, all outstanding Swing-Line Advances, and all outstanding Letters of Credit shall not exceed the amount of the Aggregate Commitment. Within the limits of the Aggregate Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow, prepay, and reborrow.