Common use of Commitments and Facility Limits Clause in Contracts

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: (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.