Common use of Commitment and Loans Clause in Contracts

Commitment and Loans. Until the Commitment Termination Date, subject to the terms and conditions of this Agreement, the Lender agrees to make revolving credit loans (collectively, "Loans") in dollars to the Borrower in an aggregate principal amount at any one time outstanding not to exceed the Commitment.

Appears in 6 contracts

Samples: Credit Agreement (Reckson Services Industries Inc), Credit Agreement (Vornado Operating Co), Credit Agreement (Reckson Services Industries Inc)

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Commitment and Loans. Until the Commitment Termination Date, subject to the terms and conditions of this Agreement, the Lender agrees to make revolving credit loans (collectively, "Loans") in dollars to the Borrower in an aggregate principal amount at any one time outstanding outstanding, and taking into account any Letters of Credit issued pursuant to the terms of Article X, not to exceed the Commitment.

Appears in 4 contracts

Samples: Credit Agreement (Reckson Associates Realty Corp), Credit Agreement (Reckson Services Industries Inc), Credit Agreement (Reckson Services Industries Inc)

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