BORROWING RIGHTS AND RESTRICTIONS Sample Clauses

BORROWING RIGHTS AND RESTRICTIONS. Subject to the terms and conditions of this Agreement, during the Commitment Period each Lender will make a Loan or Loans to the Company, pursuant to this Section 2.1A, in such amount or amounts as the Company may request from time to time but not exceeding in aggregate principal amount, at any one time outstanding hereunder, the Commitment of such Lender. Subject to the provisions of this Agreement, the Company shall be entitled under this Paragraph A to borrow funds, repay the same in whole or in part, and reborrow hereunder at any time and from time to time during the Commitment Period. Each Loan made under this Paragraph A shall be made pro-rata according to the Lenders' respective Commitments.
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BORROWING RIGHTS AND RESTRICTIONS. Subject to the terms and conditions of this Agreement, during the Commitment Period the Company may request Competitive Bids and may (but shall not have any obligation to) accept Competitive Bids and borrow Competitive Loans provided that the sum of the total Loans outstanding under Sections 2.1A and 2.1B plus the aggregate principal amount of outstanding Competitive Loans at any time shall not exceed the Commitments which, on the date hereof, total Two Hundred Ninety Million Dollars ($290,000,000). Subject to the provisions of this Agreement, the Company may, if a Competitive Bid is submitted by a Lender, borrow funds under this Paragraph C, repay the same in whole or in part, and reborrow hereunder at any time and from time to time during the Commitment Period.
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BORROWING RIGHTS AND RESTRICTIONS. Subject to the terms and conditions of this Agreement, during the Commitment Period each Bank will make a Loan or Loans to the Company, pursuant to this Section 2.1A, in such amount
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BORROWING RIGHTS AND RESTRICTIONS. Subject to the terms and conditions of this Agreement, at any time prior to the end of the Commitment Period, each Lender will make a two (2) year Term Loan to the Company in such amount, if any, as the Company may request, but not exceeding the Commitment of such Lender then in effect. In the event the Company makes borrowings under this Section 2.1C, no further borrowing shall be made under Section 2.1A, notwithstanding anything in this Agreement to the contrary. Any prepayment of the Notes outstanding under this
Sample 1
BORROWING RIGHTS AND RESTRICTIONS. Subject to the terms and conditions of this Agreement, at any time prior to the end of the Commitment Period, each Bank will make a two (2) year Term Loan to the Company in such amount, if any, as the Company may request, but not exceeding the Commitment of such Bank then in effect. In the event the Company makes borrowings under this Section 2.1C, no further borrowing shall be made under Section 2.1A hereof, notwithstanding anything in this Agreement to the contrary. If at any time a borrowing shall be made under this Section 2.1C there shall be outstanding any Revolving Credit Notes issued under Section 2.1A hereof, then the proceeds of the Term Loans made under this Section 2.1C shall be applied in full or to the extent necessary, as the case may be, to the payment in full of the principal of and interest on such Notes even though the same shall not be due by their terms. The preceding sentence shall constitute an authorization and direction by the Company to each Bank to so apply the proceeds of such Term Loan so made by such Bank under this Section 2.1C to the payment in full of the principal of and interest on all Notes issued under Section 2.1A hereof which are owned by such Bank. Any borrowing under this Section 2.1C and any application of proceeds to the payment of Notes outstanding under Section 2.1A hereto shall be deemed to be effected 12 simultaneously so that, for the purpose of this Agreement, Notes shall not be deemed to be outstanding under Section 2.1A at the same time Notes are outstanding under Section 2.1C hereof. Any prepayment of the Notes outstanding under Section 2.1A shall be subject to Section 2.1A(x) hereof. Subject to the provisions of this Agreement, the Company shall be entitled under this Section 2.1C to borrow funds, repay the same and enter into new borrowings hereunder at any time and from time to time during the Commitment Period. The proceeds of each Term Loan shall be delivered to the Company not later than 3:00 p.m. Cleveland, Ohio time on the last day of the notice period set forth in Section 2.2(i), time being of the essence, in immediately available Dollars by wire transfer to an account of the Company designated by the Company, from time to time in writing to the Administrative Agent, with the account number and American Banking Association routing number of the bank at which such account is maintained.
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BORROWING RIGHTS AND RESTRICTIONS. Subject to the terms and conditions of this Agreement, at any time prior to the end of the Commitment Period, each Lender will make a two (2) year Term Loan to the Company in such amount, if any, as the Company may request, but not exceeding the Commitment of such Lender then in effect. In the event the Company makes borrowings under this Section 2.1C, no further borrowing shall be made under Section 2.1A, notwithstanding anything in this Agreement to the contrary. Any prepayment of the Notes outstanding under this Section 2.1C shall be subject to Section 2.1A(x) hereof. The proceeds of each Term Loan shall be delivered to the Company not later than 3:00 p.m. New York time on the last day of the notice period set forth in Section 2.1C(iii), time being of the essence, in immediately available Dollars by wire transfer to an account of the Company designated by the Company, from time to time in writing to the Administrative Agent (who shall notify each Lender), with the account number and American Banking Association routing number of the bank at which such account is maintained.
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Related to BORROWING RIGHTS AND RESTRICTIONS

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