Common use of Commitments for Loans Clause in Contracts

Commitments for Loans. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make a Loan or Loans to the Borrower, which Loans shall be drawn, to the extent such Lender has a Commitment under a Facility, under the applicable Facility, as set forth below: (a) GENERAL REVOLVING FACILITY. Revolving Loans under the General Revolving Facility (each a "GENERAL REVOLVING LOAN" and, collectively, the "GENERAL REVOLVING 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 General Revolving Maturity Date or the date the Total General Revolving Commitment is terminated; (ii) except as otherwise provided, may, at the option of the Borrower, be incurred and maintained as, or Converted into, General Revolving Loans which are Prime Rate Loans or LIBOR Loans, in each case denominated in Dollars or the Alternative Currency as agreed by the Borrower and the Lenders; PROVIDED that all General Revolving Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of General Revolving Loans of the same Type; (iii) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (iv) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment exceeds the outstanding Swing Line Revolving Loans;

Commitments for Loans. Subject to and upon the terms and conditions herein set forth, each Lender that has a Commitment severally agrees to make a Loan or Loans to the Borrower, which Loans shall be drawn, to the extent such Lender has a Commitment under a Facility, under the applicable Facility, as set forth below: (a) GENERAL REVOLVING FACILITY. Revolving Loans under the General Revolving Facility (each a "GENERAL REVOLVING LOAN" and, collectively, the "GENERAL REVOLVING 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 General Revolving Maturity Date or the date the Total General Revolving Commitment is terminated; ; (ii) except as otherwise provided, may, at the option of the Borrower, be incurred and maintained as, or Converted into, General Revolving Loans which are Prime Rate Loans or LIBOR Loans, in each case denominated in Dollars or the Alternative Currency as agreed by the Borrower and the LendersDollars; PROVIDED that all General Revolving Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of General Revolving 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 only otherwise be made if after giving effect thereto specifically provided in this Agreement, the Total Commitment shall be deemed used (and correspondently, the Unutilized Total General Revolving Commitment exceeds shall be deemed reduced) from time to time by the aggregate outstanding Swing Line Revolving Loans;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").