Commitments and Facility Limits Sample Clauses
Commitments and Facility Limits. (1) The Accommodations Outstanding:
(a) owing to (i) all Lenders shall not, at any time, exceed the Aggregate Commitment, (ii) each Lender, shall not at any time exceed such Lender’s Commitment;
(b) owing to the Swing Line Lender shall not, at any time, exceed the Swing Line Commitment; and
(c) owing to all Lenders and the Swing Line Lender in the aggregate shall not, at any time, exceed the Aggregate Commitment.
(2) The Credit Facility shall revolve and, except as otherwise provided herein, no payment under the Credit Facility shall reduce the Commitments. Swing Line Advances shall be available on a revolving basis and, except as otherwise provided herein, no payment of Swing Line Advances or other repayment of Accommodations under the Swing Line Commitment shall reduce the Swing Line Commitment.
(3) Notwithstanding the Aggregate Commitment, Accommodations under the Credit Facility (including the Existing Documentary Credits) shall be limited to an aggregate principal amount of $135,000,0000 (“Tranche 1”) from the Closing Date until the Second Lien Notes Repayment Date, for the purposes specified in Section 2.03(1). The remaining $165,000,0000 portion of the Credit Facility (“Tranche 2”) shall be available on and after November 8, 2013 for the purposes specified in Section 2.03(2). To the extent the initial Accommodations under Tranche 2 are not drawn and applied to repay all obligations under and in respect of the Second Lien Senior Notes in full prior to November 30, 2013, Tranche 2 shall terminate and no longer be available and the Aggregate Commitment shall be permanently reduced by a corresponding amount. The Swing Line Commitment (i) shall be nil on the Closing Date; (ii) until the Second Lien Notes Repayment Date shall be limited to the face amount of any Documentary Credits issued in accordance with Section 5.01(3); and (iii) thereafter shall be the amount determined in accordance with the definition thereof.
(4) A conversion from one Type of Accommodation to another Type of Accommodation shall not constitute a repayment, prepayment, novation or new indebtedness.
Commitments and Facility Limits. (1) The Accommodations Outstanding under the Credit Facility shall not at any time exceed the Commitment. The Accommodations Outstanding under the Credit Facility to each Lender shall not at any time exceed such ▇▇▇▇▇▇’s Commitment. The sum of the principal amount of all Swingline Advances shall not at any time exceed the Swingline Commitment. The Face Amount of Letters of Credit outstanding at any time shall not exceed $8,000,000.
(2) The Credit Facility shall revolve and no payment or prepayment or repayment under the Credit Facility shall reduce the Commitment thereunder unless expressly otherwise provided for herein.
(3) The Credit Facility shall be available in one or more Accommodations from and after the Closing Date and from time to time prior to the Maturity Date.
Commitments and Facility Limits. (1) The Accommodations Outstanding:
(a) owing to all Revolving Credit Lenders shall not at any time exceed the Revolving Credit Commitment, and owing to each Revolving Credit Lender shall not at any time exceed such Lender’s Revolving Credit Commitment;
(b) owing to any Swing Line Lender shall not, at any time, exceed the Swing Line Commitment of such Swing Line Lender; and
(c) owing to all Documentary Credit Lenders shall not, at any time, exceed the Documentary Credit Commitment and owing to each Documentary Credit Lender shall not, at any time, exceed such Lender’s Documentary Credit Commitment.
(2) The Revolving Credit Facility shall revolve and, except as otherwise provided herein, no payment under the Revolving Credit Facility shall reduce the Revolving Credit Commitments. Swing Line Advances shall be available on a revolving basis and, except as otherwise provided herein, no payment of Swing Line Advances shall reduce the Swing Line Commitment.
(3) A conversion from one Type of Accommodation to another Type of Accommodation shall not constitute a repayment or prepayment.
Commitments and Facility Limits. (1) The Accommodations Outstanding to the Lender under the Operating Facility shall not at any time exceed the lesser of (i) the Operating Commitment, and (ii) the Borrowing Base (the "LENDING LIMIT"). The Foreign Exchange Commitment limit is specified in Section 6.1(2).
(2) The Operating Facility shall revolve and no payment under the Operating Facility shall reduce the Operating Commitment.
(3) A conversion from one Type of Accommodation or Advance to another Type of Accommodation or Advance shall not constitute a repayment or prepayment.
Commitments and Facility Limits. (1) The Accommodations Outstanding (i) to all Facility A Lenders under Facility A shall not at any time exceed the Facility A Commitment; and (ii) to each Facility A Lender under Facility A shall not at any time exceed such Lender’s Facility A Commitment (provided, for greater certainty, that the Swingline Lender’s Facility A Commitment shall not be reduced by more than its rateable portion of Swingline Advances made or to be made by it in its capacity as Swingline Lender, and the Issuing Lender’s Facility A Commitment shall not be reduced by more than its rateable portion of the Accommodations Outstanding by Letter of Credit made or to be made by it in its capacity as Issuing Lender). The principal amount of all Swingline Advances outstanding to the Swingline Lender shall not, at any time, exceed the Swingline Commitment, which shall itself not exceed Cdn.$5,000,000. The aggregate Face Amount of Letters of Credit outstanding shall not at any time exceed Cdn.$2,000,000. The Accommodations Outstanding (a) to all Term Facility B Lenders under Term Facility B and to all Term Facility C Lenders under Term Facility C shall not at any time exceed the Term Facility B Credit Commitment and the Term Facility C Credit Commitment, respectively; and (b) to each Term Lender under Term Facility B and Term Facility C shall not at any time exceed such Lender’s Term Facility B Credit Commitment or Term Facility C Credit Commitment, respectively.”
Commitments and Facility Limits. (1) Unless previously terminated or cancelled, the Commitments shall automatically terminate upon the termination of the Certain Funds Period.
(2) The Term Loan Facility shall not revolve and any amount repaid or prepaid, as the case may be, under the Term Loan Facility cannot be reborrowed.
(3) Accommodations under the Term Loan Facility shall be made available in a single drawing on the Closing Date in an amount not to exceed the outstanding Commitment at such time. The unused portion of the Commitment shall be permanently cancelled on the Closing Date and the Commitment shall be permanently reduced by the amount by which the Accommodations Outstanding under the Term Loan Facility on such date are less than the Commitment on such date.
(4) A conversion from one Type of Accommodation to another Type of Accommodation shall not constitute a repayment or prepayment.
Commitments and Facility Limits. (1) The Accommodations Outstanding to all Lenders under (i) the Canadian Operating Facility shall not at any time exceed the Canadian Operating Commitment, (ii) the U.S. Operating Facility shall not at any time exceed the U.S. Operating Commitment, (iii) the Canadian Acquisition Facility shall not at any time exceed the Canadian Acquisition Commitment, and (iv) the Canadian Term Facility shall not at any time exceed the Canadian Term Commitment. The Accommodations Outstanding to each Lender under (v) the Canadian Operating Facility shall not at any time exceed the Lender's Canadian Operating Commitment, (vi) the Canadian Term Facility shall not at any time exceed the Lender's Canadian Term Commitment, (vii) the Canadian Acquisition Facility shall not at any time exceed the Lender's Canadian Acquisition Commitment, (viii) the U.S. Operating Facility shall not at any time exceed the Lender's U.S. Operating Commitment, and (ix) the U.S. Alternate Operating Facility shall not at any time exceed the Lender's U.S.
Commitments and Facility Limits. (1) The Accommodations Outstanding to all Lenders under the Credit Facility shall not at any time exceed the lesser of (i) the Commitment, and (ii) the Borrowing Base (the "LENDING LIMIT"). The Accommodations Outstanding to each Lender under the Credit Facility shall not at any time exceed the lesser of (iii) the Lender's Commitment, and (iv) the Lender's Revolving Credit Proportionate Share of the Borrowing Base.
(2) The Credit Facility shall revolve and no payment under the Credit Facility shall reduce the Commitment or any Lender's Commitment.
(3) A conversion from one Type of Accommodation or Advance to another Type of Accommodation or Advance shall not constitute a repayment or prepayment.
Commitments and Facility Limits. (1) [Reserved].
(2) The Term Loan Facility shall not revolve and any amount repaid or prepaid, as the case may be, under the Term Loan Facility cannot be reborrowed.
(3) Accommodations under the Term Loan Facility shall be made available in a single drawing on the Closing Date, including by way of the deemed exchange of Existing Term Loans for Term Loans pursuant to the Closing Date Cashless Settlement Exchange in accordance with Section 3.01(1). The unused portion of the Term Loan Commitment shall be permanently cancelled on the Closing Date and the Term Loan Commitment shall be permanently reduced by the amount by which the Accommodations Outstanding under the Term Loan Facility on such date are less than the Term Loan Commitment on such date.
(4) A conversion from one Type of Accommodation to another Type of Accommodation shall not constitute a repayment or prepayment.
Commitments and Facility Limits. (1) The Accommodations Outstanding (i) under the Tranche A Credit Facility, shall not at any time exceed the Tranche A Commitment; and (ii) under the Tranche B Credit Facility, shall not at any time exceed the Tranche B Commitment.
(2) The Credit Facilities shall not revolve and any amount repaid or prepaid, as the case may be, under a Credit Facility shall permanently reduce the Commitment thereunder.
(3) Each Credit Facility shall be available in one or more Accommodations from time to time prior to the Repayment Date in respect of such Credit Facility.