Common use of Blocked Amounts Clause in Contracts

Blocked Amounts. The Borrower shall have furnished the Administrative Agent reasonably detailed calculations of the Blocked Amount on the Initial Borrowing Date (after giving effect to the consummation of the Exchange Offer and the payments to be made in connection therewith), showing the allocation thereof to the Bridge Loan Blocked Amount, the B-1 Blocked Amount and the B-2 Blocked Amount, and shall certify that each of the Total B-1 Term Loan Commitment (after the reductions thereto on the Initial Borrowing Date), the Total B-2 Term Loan Commitment (after the reductions thereto on the Initial Borrowing Date) and the unutilized commitments under the Bridge Loan Agreement (after giving effect to any reductions thereto on the Initial Borrowing Date) shall equal or exceed the B-1 Blocked Amount, the B-2 Blocked Amount and the Bridge Loan Blocked Amount, as the case may be.

Appears in 2 contracts

Samples: Credit Agreement (CF Industries Holdings, Inc.), Credit Agreement (CF Industries Holdings, Inc.)

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Blocked Amounts. The If the respective Credit Event is to occur before the Merger Closing Date, the Borrower shall have furnished the Administrative Agent reasonably detailed calculations of the Blocked Amount on the Initial Borrowing Date such date (after giving effect to the consummation of the Exchange Offer any Credit Events and the payments to be made in connection therewithwith the proceeds thereof on such date), showing the allocation thereof to the Bridge Loan Blocked Amount, the B-1 Blocked Amount and the B-2 Blocked Amount, and shall certify that each none of the Total B-1 Term Loan Commitment (after the any reductions thereto on the Initial Borrowing Datesuch date), the Total B-2 Term Loan Commitment (after the any reductions thereto on the Initial Borrowing Date) and such date), or the unutilized commitments under the Bridge Loan Agreement (after giving effect to any reductions thereto on the Initial Borrowing Date) such date shall equal or exceed the B-1 Blocked Amount, the B-2 Blocked Amount and or the Bridge Loan Blocked Amount, as the case may be. Notwithstanding anything to the contrary contained above or elsewhere in this Agreement or any other Credit Documents, the provisions of this Section 7 shall be subject to the last three paragraphs of Section 8 hereof.

Appears in 2 contracts

Samples: Credit Agreement (CF Industries Holdings, Inc.), Credit Agreement (CF Industries Holdings, Inc.)

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