Common use of Amounts and Terms of the Advances Clause in Contracts

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.

Appears in 4 contracts

Samples: Credit Agreement (Commonwealth Edison Co), Credit Agreement (Commonwealth Edison Co), Credit Agreement (Commonwealth Edison Co)

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Amounts and Terms of the Advances. SECTION Section 2.01. The A Advances. (a) Each Lender Bank severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the each Borrower from time to time on any Business Day during the period from the Closing date hereof until the Termination Date in an aggregate amount outstanding amount not to exceed at any time such LenderBank's Available CommitmentCommitment to such Borrower, provided that the aggregate amount of the Commitments of the Lenders shall Banks to any Borrower shall, except for purposes of Section 2.03(a), be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding to such Borrower and such deemed use of the aggregate amount of the such Commitments shall be applied to the Lenders Banks ratably according to their respective Percentages Commitments to such Borrower (such deemed use of the aggregate amount of the Commitments of any Borrower being a "B Reduction"), and provided further that the aggregate amount of all A Advances to all Borrowers by any Bank shall not exceed at any time outstanding such Bank's Commitment to TWC (determined after giving effect to such Bank's ratable share of all B Reductions). Each A Borrowing shall be in an aggregate amount not less than $10,000,000 (or, if lower, the amount of the Available Commitments) 5,000,000 or an integral multiple of $1,000,000 in excess thereof thereof, and shall consist of A Advances of the same Type made to the same Borrower on the same day by the Lenders Banks ratably according to their respective PercentagesCommitments. Within the limits of each LenderBank's Commitment and as hereinabove and hereinafter providedto a Borrower, the such Borrower may request Extensions of Credit hereunderborrow, and repay or prepay Advances pursuant to Section 2.11 2.10 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofreborrow under this Section 2.01.

Appears in 3 contracts

Samples: Credit Agreement (Williams Companies Inc), Credit Agreement (Williams Communications Group Inc), Credit Agreement (Williams Communications Group Inc)

Amounts and Terms of the Advances. SECTION Section 2.01. The A Advances. (a) Each Lender Bank 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 prior to the Termination Date in an aggregate amount outstanding amount not to exceed at any time such LenderBank's Available Commitment, provided that the aggregate amount of the Commitments of the Lenders Banks 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 Banks ratably according to their respective Percentages Commitments (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) 5,000,000 or an integral multiple of $1,000,000 in excess thereof thereof, and shall consist of A Advances of the same Type made to the Borrower on the same day by the Lenders Banks ratably according to their respective PercentagesCommitments. Within the limits of each LenderBank's Commitment and as hereinabove and hereinafter providedCommitment, the Borrower may request Extensions of Credit hereunderborrow, and repay or prepay Advances pursuant to Section 2.11 2.05(b) and utilize reborrow under this Section 2.01. The indebtedness of the Borrower resulting increase in from the Available Commitments for further Extensions A Advances made from time to time by each Bank shall be evidenced by an A Note of Credit in accordance with the terms hereofBorrower payable to the order of such Bank.

Appears in 3 contracts

Samples: Credit Agreement (Fina Inc), Credit Agreement (Fina Inc), Credit Agreement (Fina Inc)

Amounts and Terms of the Advances. SECTION 2.01. The A Revolving Credit Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Closing Effective Date until the Termination Date in an aggregate outstanding amount not to exceed at any time outstanding such Lender's Available Commitment, 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 Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to allocated among the Lenders ratably according to their respective Percentages Commitments (such deemed use of the aggregate amount of the Commitments being a "B Competitive Bid Reduction"). Each A Revolving Credit Borrowing shall be in an aggregate amount not less than of $10,000,000 (or, if lower, the amount of the Available Commitments) 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of A Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective PercentagesCommitments. Within the limits of each Lender's Commitment and as hereinabove and hereinafter providedCommitment, the Borrower may request Extensions of Credit hereunderborrow under this Section 2.01, and repay or prepay Advances pursuant to Section 2.11 2.10 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofreborrow under this Section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (Pe Corp), Credit Agreement (Phelps Dodge Corp)

Amounts and Terms of the Advances. SECTION 2.01. The A Revolving Credit Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Closing Effective Date until the Termination Date in an aggregate outstanding amount not to exceed at any time outstanding 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 Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to allocated among the Lenders ratably according to their respective Percentages Commitments (such deemed use of the aggregate amount of the Commitments being a "B Competitive Bid Reduction"). Each A Revolving Credit Borrowing shall be in an aggregate amount not less than of $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 Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective PercentagesCommitments. Within the limits of each Lender's Commitment and as hereinabove and hereinafter providedCommitment, the Borrower may request Extensions of Credit hereunderborrow under this Section 2.01, and repay or prepay Advances pursuant to Section 2.11 2.10 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofreborrow under this Section 2.01.

Appears in 2 contracts

Samples: Day Credit Agreement (Monsanto Co /New/), Day Credit Agreement (Monsanto Co /New/)

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 5,000,000 (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.

Appears in 1 contract

Samples: Credit Agreement (Ies Utilities Inc)

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 date hereof until the Termination Date in an aggregate outstanding amount not to exceed at any time outstanding the amount set opposite such Lender's Available name on the signature pages hereof or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 (such Lender's "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 deemed applied to the Lenders ratably according to their respective Percentages Commitments (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 5,000,000 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 PercentagesCommitments. Within the limits of each Lender's Commitment and as hereinabove and hereinafter providedCommitment, the Borrower may request Extensions of Credit hereunderfrom time to time borrow, and repay or prepay Advances pursuant to Section 2.11 2.11(b) and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofreborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Trinova Corp)

Amounts and Terms of the Advances. SECTION Section 2.01. The A Advances. (a) Each Lender Bank severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the each Borrower from time to time on any Business Day during the period from the Closing July 31, 2002 until the Termination Date in an aggregate amount outstanding amount not to exceed at any time such LenderBank's Available CommitmentCommitment to such Borrower, provided that the aggregate amount of the Commitments of the Lenders shall Banks to any Borrower shall, except for purposes of Section 2.03(a), be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding to such Borrower and such deemed use of the aggregate amount of the such Commitments shall be applied to the Lenders Banks ratably according to their respective Percentages Commitments to such Borrower (such deemed use of the aggregate amount of the Commitments of any Borrower being a "B Reduction"), and provided further that the aggregate amount of all A Advances to all Borrowers by any Bank shall not exceed at any time outstanding such Bank's Commitment to TWC (determined after giving effect to such Bank's ratable share of all B Reductions). Each A Borrowing shall be in an aggregate amount not less than $10,000,000 (or, if lower, the amount of the Available Commitments) 5,000,000 or an integral multiple of $1,000,000 in excess thereof thereof, and shall consist of A Advances of the same Type made to the same Borrower on the same day by the Lenders Banks ratably according to their respective PercentagesCommitments. Within the limits of each LenderBank's Commitment and as hereinabove and hereinafter providedto a Borrower, the such Borrower may request Extensions of Credit hereunderborrow, and repay or prepay Advances pursuant to Section 2.11 2.10 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofreborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Williams Companies Inc)

Amounts and Terms of the Advances. SECTION 2.01. The A Advances. (a) Each Lender severally agrees, on Loan Subject to the terms and conditions hereinafter of this Agreement, and in reliance upon the representations and warranties set forthforth herein, each Lender severally, but not jointly, agrees to make A Advances fund to the Borrower from an amount equal to its ratable portion of the Loan in accordance with its respective Commitment on the Closing Date as a single Advance denominated in U.S. Dollars; provided, however, that a portion of the Loan in the amount of $90,000,000 (the “Delayed Draw Tranche”) may be advanced to the Borrower pursuant to one or more Advances of either (x) $25,000,000 or an integral multiple of $100,000 in excess thereof or (y) if the undrawn amount of the Delayed Draw Tranche is at such time to time on any Business Day less than $25,000,000, the remaining undrawn amount of the Delayed Draw Tranche, which Delayed Draw Tranche shall be available during the period from the Closing until Date through August 4, 2016 (the Termination Date “Delayed Draw Period”); provided further that (A) the conditions in an aggregate outstanding amount not to exceed at any time such Lender's Available Commitment, provided that Section 3.02 shall have been satisfied and (B) the aggregate amount of amounts advanced to the Borrower pursuant to the Delayed Draw Tranche shall not exceed the Commitments of the Lenders shall be deemed used from time to time therefor, if any, set forth in Schedule I. Each Borrowing with respect 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 Delayed Draw Tranche shall consist of A Advances of the same Type made on the same day simultaneously by the Lenders ratably according to their respective PercentagesCommitments. Within The Borrower shall not have the limits right to reborrow any portion of each Lender's Commitment and as hereinabove and hereinafter provided, the Borrower may request Extensions of Credit hereunder, and repay Loan that is repaid 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 hereofprepaid.

Appears in 1 contract

Samples: Term Loan Agreement (Hersha Hospitality Trust)

Amounts and Terms of the Advances. SECTION 2.01. The A Advances. (a) Each Lender severally agrees, on Loan Subject to the terms and conditions hereinafter of this Agreement, and in reliance upon the representations and warranties set forthforth herein, each Lender severally, but not jointly, agrees to make A Advances fund to the Borrower from an amount equal to its ratable portion of the Loan in accordance with its respective Commitment on the Closing Date as a single Advance denominated in U.S. Dollars; provided, however, that a portion of the Loan in the amount of $150,000,000 (the “Delayed Draw Tranche”) may be advanced to the Borrower pursuant to one or more Advances of either (x) $25,000,000 or an integral multiple of $100,000 in excess thereof or (y) if the undrawn amount of the Delayed Draw Tranche is at such time to time on any Business Day less than $25,000,000, the remaining undrawn amount of the Delayed Draw Tranche, which Delayed Draw Tranche shall be available during the period from the Closing until Date through April 29, 2017 (the Termination Date “Delayed Draw Period”); provided further that (A) the conditions in an aggregate outstanding amount not to exceed at any time such Lender's Available Commitment, provided that Section 3.02 shall have been satisfied and (B) the aggregate amount of amounts advanced to the Borrower pursuant to the Delayed Draw Tranche shall not exceed the Commitments of the Lenders shall be deemed used from time to time therefor, if any, set forth in Schedule I. Each Borrowing with respect 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 Delayed Draw Tranche shall consist of A Advances of the same Type made on the same day simultaneously by the Lenders ratably according to their respective PercentagesCommitments. Within The Borrower shall not have the limits right to reborrow any portion of each Lender's Commitment and as hereinabove and hereinafter provided, the Borrower may request Extensions of Credit hereunder, and repay Loan that is repaid 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 hereofprepaid.

Appears in 1 contract

Samples: Term Loan Agreement (Hersha Hospitality Trust)

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 Company from time to time on any Business Day during the period from the Closing until date hereof to and including the Commitment Termination Date Date, in an aggregate amount outstanding amount not to exceed at any time the amount set opposite such Lender's Available name on the signature pages hereof or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 (such Lender's "Commitment"); provided, 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 Commitments (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 PercentagesCommitments. Within Until the Commitment Termination Date, within the limits of each Lender's Commitment and as hereinabove and hereinafter providedCommitment, the Borrower Company may request Extensions of Credit hereunderfrom time to time borrow, and repay or prepay Advances pursuant to Section 2.11 2.06 or prepay pursuant to Section 2.11(b) and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofreborrow under this Section 2.01.

Appears in 1 contract

Samples: Revolving Credit Agreement (Progress Energy Inc)

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Amounts and Terms of the Advances. SECTION 2.01. The A Advances. maintained by the Administrative Agent pursuant to Section 8.07(d), as such amount may be reduced pursuant to Section 2.05 (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 Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to allocated among the Lenders ratably according to their respective Percentages Commitments (such deemed use of the aggregate amount of the Commitments being a "B Competitive Bid Reduction"). Each A Revolving Credit Borrowing shall be in an aggregate amount not less than of $10,000,000 (or, if lower, the amount of the Available Commitments) or an integral multiple of $1,000,000 in excess thereof (or, if less, an aggregate amount equal to the amount by which the aggregate amount of a proposed Competitive Bid Borrowing requested by the Borrower exceeds the aggregate amount of Competitive Bid Advances offered to be made by the Lenders and accepted by the Borrower in respect of such Competitive Bid Borrowing, if such Competitive Bid Borrowing is made on the same date as such Revolving Credit Borrowing) and shall consist of A Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective PercentagesCommitments. Within the limits of each Lender's Commitment and as hereinabove and hereinafter providedCommitment, the Borrower may request Extensions of Credit hereunderborrow under this Section 2.01, and repay or prepay Advances pursuant to Section 2.11 2.10 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofreborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Geon Co)

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 date hereof until the Termination Date in an aggregate outstanding amount not to exceed at any time outstanding the amount set forth opposite such Lender's Available name on the signature pages hereof or on the Assumption Agreement or, if such Lender has entered into one or more Assignments and Acceptances, set forth in such Assignments and Acceptances, as such amount may be reduced pursuant to Section 2.04 (such Lender's "Commitment, "); provided that the aggregate amount Commitment of the Commitments of the Lenders each Lender shall be deemed used from time to time to by 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 "Lender's 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 PercentagesCommitments. Within the limits of each Lender's Commitment and as hereinabove and hereinafter providedCommitment, the Borrower may request Extensions of Credit hereunderborrow, and repay or prepay Advances pursuant to Section 2.11 2.05 or prepay pursuant to Section 2.09(b), and utilize reborrow, prior to the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofTermination Date, under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Olin Corp)

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 Company from time to time on any Business Day during the period from the Closing until date hereof to but excluding the Termination Date Date, in an aggregate amount outstanding amount not to exceed at any time the amount set opposite such Lender's Available name on the signature pages hereof or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 (such Lender's "Commitment"); provided, 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 Commitments (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 PercentagesCommitments. Within Until the Termination Date, within the limits of each Lender's Commitment and as hereinabove and hereinafter providedCommitment, the Borrower Company may request Extensions of Credit hereunderfrom time to time borrow, and repay or prepay Advances pursuant to Section 2.11 2.06 or prepay pursuant to Section 2.11(b) and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofreborrow under this Section 2.01.

Appears in 1 contract

Samples: Revolving Credit Agreement (Progress Energy Inc)

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 date hereof until the Termination Date in an aggregate outstanding amount not to exceed at any time outstanding the amount set opposite such Lender's Available name on the signature pages hereof under the caption "Commitments" or, if such Lender has entered into an Assignment and Acceptance in accordance with Section 8.07, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 or increased pursuant to Section 2.18 (such Lender's "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 Commitments to reduce the amount of Advances available from each Lender (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 PercentagesCommitments. Within the limits of each Lender's Commitment and as hereinabove and hereinafter providedCommitment, the Borrower may request Extensions of Credit hereunderborrow under this Section 2.01, and repay or prepay Advances pursuant to Section 2.11 2.10(b), and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofreborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Corn Products International Inc)

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 date hereof until the Termination Date in an aggregate outstanding amount not to exceed at any time the amount set forth opposite such Lender's Available name on the signature pages hereof or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 (such Lender's "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 Commitments (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 (or, with respect to an A Borrowing comprised of Alternate Base Rate Advances, such lesser amount as shall equal the then unborrowed amount of the aggregate Commitments), and shall consist of A Advances of the same Type made on the same day by the Lenders ratably according to their respective PercentagesCommitments. Within the limits of each Lender's Commitment and as hereinabove and hereinafter providedCommitment, the Borrower may request Extensions of Credit hereunderfrom time to time borrow, and repay or prepay Advances pursuant to Section 2.11 2.11(b) and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofreborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Sun Microsystems Inc)

Amounts and Terms of the Advances. SECTION 2.01. The A Revolving Credit Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Closing Effective Date until the Termination Date in an aggregate outstanding amount not to exceed at any time outstanding such Lender's Available Commitment, 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 Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to allocated among the Lenders ratably according to their respective Percentages Commitments (such deemed use of the aggregate amount of the Commitments being a "B Competitive Bid Reduction"). Each A Revolving Credit Borrowing shall be in an aggregate amount not less than of $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 Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective PercentagesCommitments. Within the limits of each Lender's Commitment and as hereinabove and hereinafter providedCommitment, the Borrower may request Extensions of Credit hereunderborrow under this Section 2.01, and repay or prepay Advances pursuant to Section 2.11 2.10 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofreborrow under this Section 2.01.

Appears in 1 contract

Samples: Day Credit Agreement (International Flavors & Fragrances Inc)

Amounts and Terms of the Advances. SECTION 2.01. Section 2.01 The A Advances. (a) Each Lender Bank severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the each Borrower from time to time on any Business Day during the period from the Closing date hereof until the Termination Date in an aggregate amount outstanding amount not to exceed at any time such LenderBank's Available CommitmentCommitment to such Borrower, provided that the aggregate amount of the Commitments of the Lenders shall Banks to any Borrower shall, except for purposes of Section 2.03(a), be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding to such Borrower and such deemed use of the aggregate amount of the such Commitments shall be applied to the Lenders Banks ratably according to their respective Percentages Commitments to such Borrower (such deemed use of the aggregate amount of the Commitments of any Borrower being a "B Reduction"), and provided further that the aggregate amount of all A Advances to all Borrowers by any Bank shall not exceed at any time outstanding such Bank's Commitment to TWC (determined after giving effect to such Bank's ratable share of all B Reductions). Each A Borrowing shall be in an aggregate amount not less than $10,000,000 (or, if lower, the amount of the Available Commitments) 5,000,000 or an integral multiple of $1,000,000 in excess thereof thereof, and shall consist of A Advances of the same Type made to the same Borrower on the same day by the Lenders Banks ratably according to their respective PercentagesCommitments. Within the limits of each LenderBank's Commitment and as hereinabove and hereinafter providedto a Borrower, the such Borrower may request Extensions of Credit hereunderborrow, and repay or prepay Advances pursuant to Section 2.11 2.10 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereofreborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Williams Companies Inc)

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