Commitments for Loans. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make a loan or loans (each a "LOAN" and, collectively, the "LOANS") to the Borrower, which Loans shall be drawn in accordance with the following provisions:
Commitments for Loans. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make a loan or loans (each a “Loan” and, collectively, the “Loans”) to the Borrowers, which Loans shall be drawn, to the extent such Lender has a commitment under a Facility for the Borrowers, under the applicable Facility, as set forth below:
Commitments for Loans. 17 2.2. MINIMUM BORROWING AMOUNTS, ETC.; PRO RATA BORROWINGS.......17 2.3.
Commitments for Loans. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make a revolving loan or revolving loans (each a “Loan” and, collectively, the “Loans”) to the Borrower, which Loans (a) may be incurred by the Borrower at any time and from time to time on and after the Closing Date and prior to the Maturity Date; (b) except as otherwise provided herein, may, at the option of the Borrower, be incurred and maintained as, or Converted into, Loans that are Base Rate Loans or Eurodollar Loans, in each case denominated in Dollars, provided that all Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of Loans of the same Type; (c) may be repaid or prepaid and re-borrowed in accordance with the provisions hereof; and (d) shall not be made if, after giving effect to any such Loan, (i) the Revolving Facility Exposure of any Lender would exceed such Lender’s Commitment, (ii) the Aggregate Revolving Facility Exposure would exceed the Total Commitment, or (iii) the Borrower would be required to prepay Loans or cash collateralize Letters of Credit pursuant to 4.3(a).
Commitments for Loans. Subject to the terms and conditions --------------------- hereof, each Lender severally and not jointly agrees to make one or more loans (each a "Loan") to the Borrower from time to time before the Commitment Termination Date on a revolving basis in an aggregate amount not to exceed at any time outstanding an amount equal to its Commitment, subject to any reductions thereof pursuant to the terms of this Agreement; provided, however, that no Lender shall be permitted or required to make any Loan if, after giving effect thereto, (i) the aggregate principal amount of the Loans of all Lenders would thereby exceed the Revolving Credit Commitment Amount then in effect; or (ii) the Revolving Credit Obligations of such Lender would thereby exceed its Commitment then in effect. Each Borrowing shall be made ratably from the Lenders in proportion to their respective Percentages. Loans may be repaid, in whole or in part, and all or any portion of the principal amount thereof reborrowed, before the Commitment Termination Date, subject to the terms and conditions hereof. Funding of all Loans shall be in Dollars.
Commitments for Loans. 23 2.2 Minimum Borrowing Amounts, etc.; Pro Rata Borrowings......24 2.3
Commitments for Loans. Subject to and upon the terms and conditions herein set forth, each Lender that has a Commitment severally agrees to make Loans (each a "LOAN" and, collectively, the "LOANS") to the Borrower. Loans (i) may be incurred by the Borrower at any time and from time to time on and after the Closing Date and prior to the earlier of the Business Day immediately preceding the Maturity Date or the date the Total Commitment is terminated; (ii) except as otherwise provided, may, at the option of the Borrower, be incurred and maintained as, or Converted into, Loans which are Prime Rate Loans or LIBOR Loans, in each case denominated in Dollars; PROVIDED that all Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of Loans of the same Type; (iii) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; and (iv) shall not, at any time of determination, in the aggregate exceed the aggregate amount of the Total Commitment at such time. Except as may otherwise be specifically provided in this Agreement, the Total Commitment shall be deemed used (and correspondently, the Unutilized Total Commitment shall be deemed reduced) from time to time by the aggregate outstanding principal amount of the Competitive Bid Loans then outstanding, and such deemed usage of the Total Commitment (and such deemed reduction in the Unutilized Total Commitment) shall be pro rated among the Lenders according to their respective Facility Percentages (such deemed usage of the Total Commitment and such deemed reduction in the Unutilized Total Commitment, each being a "COMPETITIVE BID REDUCTION").
Commitments for Loans. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees during the Draw Period to make a term loan (each a “Loan” and, collectively, the “Loans”) to the Borrower, which Loans: (a) can only be incurred on the Funding Date in an aggregate principal amount for all such Loans of no greater than the amount of the Total Commitment; (b) except as otherwise provided, may, at the option of the Borrower, be incurred and maintained as, or Converted into, Base Rate Loans or Eurodollar Loans, in each case denominated in Dollars, provided that all Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of Loans of the same Type; and (c) shall not exceed for any Lender at any time the aggregate principal amount of the Commitment, if any, of such Lender at such time. Once prepaid or repaid, Loans may not be reborrowed.
Commitments for Loans. On and as of the Effective Date of this Amendment, no Borrower may incur additional Revolving Loans or request any Letters of Credit. Revolving Loans outstanding on the Effective Date of this Amendment may, at the option of the applicable Borrower, be maintained as, or converted into, Revolving Loans which are Prime Rate Loans or Eurocurrency Loans denominated in Dollars or an Alternative Currency, provided that all Revolving Loans part of the same Borrowing shall consist of Revolving Loans of the same currency and Type, may be repaid or prepaid in accordance with the provisions of the Credit Agreement, and shall not exceed for any Lender at any time outstanding the aggregate principal amount which, when added to the product at such time of (A) such Lender's Revolving Facility Percentage times (B) the aggregate Letter of Credit Outstandings, equals the Revolving Commitment of such Lender at such time. Revolving Loans to the Company which are Eurocurrency Loans may only be denominated in Dollars.
Commitments for Loans. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan (each such term loan, a “Loan” and, collectively, the “Loans”) to the Borrower in an amount not to exceed such Lender’s Commitment. The Borrower may make only one borrowing under the Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1 subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.9 and 2.10, all amounts owed hereunder with respect to the Loans shall be paid in full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the earlier of (x) the Closing Date after giving effect to the funding of such Lender’s Commitment on such date and (y) July 21, 2008.
