Common use of Commitments to Lend Clause in Contracts

Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each such loan is made, the aggregate outstanding principal amount of the Loans held by such Lender shall not exceed its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.08 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 3 contracts

Samples: Credit Agreement (Marsh & McLennan Companies Inc), Assignment and Assumption Agreement (Marsh & McLennan Companies Inc), Assignment and Assumption Agreement (Marsh & McLennan Companies Inc)

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Commitments to Lend. Each Lender (a) During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 15,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.08 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this SectionSection 2.01.

Appears in 3 contracts

Samples: Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower Company or any Eligible Subsidiary pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 15,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the a Borrower may borrow under this Section, prepay Loans repay or, to the extent permitted by Section 2.08 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 3 contracts

Samples: Credit Agreement (Gillette Co), Credit Agreement (Gillette Co), Credit Agreement (Gillette Co)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate Committed Exposure of such Bank at any one time outstanding principal amount of the Loans held by such Lender shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger amount that is a multiple of $1,000,000 (except 1,000,000; provided, that any such Borrowing under this Section may be in the aggregate amount of the unused Commitments) and available in accordance with Section 3.02(b). Each Borrowing under this Section shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.08 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Chubb Corp), Credit Agreement (Chubb Corp), Credit Agreement (Chubb Corp)

Commitments to Lend. Each Lender During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank and Letter of Credit Liabilities of such Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in Dollars and be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.08 2.13 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 3 contracts

Samples: Credit Agreement (Galileo International Inc), Credit Agreement (Galileo International Inc), Credit Agreement (Galileo International Inc)

Commitments to Lend. Each Lender During its Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.08 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 2 contracts

Samples: Credit Agreement (Harcourt General Inc), Credit Agreement (Harcourt General Inc)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the either Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding to both Borrowers shall not exceed its the amount of such Bank's Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger multiple of $1,000,000 5,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower Borrowers may borrow under this Section, prepay Loans repay or, to the extent permitted by Section 2.08 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under pursuant to this Section.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Aramark Corp), Credit and Guaranty Agreement (Aramark Corp)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during in amounts such that the Revolving Credit Period; provided that, immediately after each Exposure of such loan is made, the aggregate outstanding principal amount of the Loans held by such Lender Bank at any one time shall not exceed the amount of its Commitment. Each Borrowing Borrowing, under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.2(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.08 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 2 contracts

Samples: Credit Agreement (Meadwestvaco Corp), Credit Agreement (Meadwestvaco Corp)

Commitments to Lend. Each Lender (a Revolving Loans. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Revolving Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the maximum aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(d)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay or, to the extent permitted by Section 2.08 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Commitments to Lend. Each Lender (a) During the Availability Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans in Dollars to the Borrower or any Additional Borrower pursuant to this Section from time to time during in amounts such that the Revolving Credit Period; provided that, immediately after each such loan is made, the aggregate outstanding principal amount of the Loans held Exposure by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.2(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Available Commitments. Within the foregoing limits, the Borrower or any Additional Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.08 2.11, prepay Loans and reborrow at any time during the Revolving Credit Availability Period under this Section.

Appears in 2 contracts

Samples: Credit Agreement (Ingersoll Rand Co LTD), Credit Agreement (Ingersoll Rand Co LTD)

Commitments to Lend. Each Lender During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower Co-Borrowers pursuant to this Section from time to time during in amounts such that the Revolving Credit Period; provided that, immediately after each such loan is made, the aggregate outstanding principal amount Exposure of the Loans held by such Lender a Bank shall not exceed its such Bank’s Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(c)) and shall be made from the several Lenders ratably Banks in proportion to accordance with their respective CommitmentsApplicable Percentages. Within the foregoing limits, the Borrower Co-Borrowers may borrow under this Section, prepay Loans to the extent permitted by Section 2.08 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Carlisle Companies Inc)

Commitments to Lend. Each Lender During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the any Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the any Borrower may borrow under this Section, prepay Loans repay or, to the extent permitted by Section 2.08 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Imc Global Inc)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding shall not exceed its the amount of such Bank's Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger multiple of $1,000,000 5,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay or, to the extent permitted by Section 2.08 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under pursuant to this Section.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Aramark Corp)

Commitments to Lend. Each Lender During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.08 2.12 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Quaker State Corp)

Commitments to Lend. Each Lender During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.2) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.08 2.12 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Dean Foods Co)

Commitments to Lend. Each Lender Revolving Loans. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Revolving Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the maximum aggregate amount of the unused Commitmentsavailable in accordance with Section 3.03(d)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay or, to the extent permitted by Section 2.08 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger amount that is a multiple of $1,000,000 (except 1,000,000; provided, that any such Borrowing under this Section may be in the aggregate amount of the unused Commitments) and available in accordance with Section 3.02(b). Each Borrowing under this Section shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.08 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Medium Term Credit Agreement (Chubb Corp)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing Borrowing, under this Section subsection (a) shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.2(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Sectionsubsection (a), prepay Loans repay, or to the extent permitted by Section 2.08 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Sectionsubsection (a).

Appears in 1 contract

Samples: Credit Agreement (Westvaco Corp)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing Borrowing, under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.3(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.08 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Meadwestvaco Corp)

Commitments to Lend. Each Lender (a) Revolving Loans. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Revolving Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the maximum aggregate amount of the unused Commitmentsavailable in accordance with Section 3.03(d)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay or, to the extent permitted by Section 2.08 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Commitments to Lend. Each Lender During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.08 2.12 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Dean Foods Co)

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Commitments to Lend. Each Lender During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during in amounts such that the Revolving Credit Period; provided that, immediately after each such loan is made, the aggregate outstanding principal amount Exposure of the Loans held by such Lender a Bank shall not exceed its such Bank’s Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(c)) and shall be made from the several Lenders ratably Banks in proportion to accordance with their respective CommitmentsApplicable Percentages. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.08 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Carlisle Companies Inc)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.08 2.09, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Armstrong World Industries Inc)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.2(e)) and shall be made from the several Lenders Banks ratably in proportion to their 18 respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.08 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (K N Energy Inc)

Commitments to Lend. Each Lender During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section 2.01 from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Loans held loans by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section 2.01 shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective CommitmentsCommitments in effect on the date of Borrowing. Within the foregoing limits, the Borrower may borrow under this SectionSection 2.01, prepay Loans or to the extent permitted by Section 2.08 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this SectionSection 2.01.

Appears in 1 contract

Samples: Credit Agreement (Duke Capital LLC)

Commitments to Lend. Each Lender (a) During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 2,500,000 or any larger multiple of $1,000,000 500,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.08 2.10 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (United Auto Group Inc)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section 2.01 shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this SectionSection 2.01, prepay Loans repay, or to the extent permitted by Section 2.08 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this SectionSection 2.01.

Appears in 1 contract

Samples: Credit Agreement (Thomas & Betts Corp)

Commitments to Lend. Each Lender During the Revolving Credit ------------------- Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the either Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding to both Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.2) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower Borrowers may borrow under this Section, prepay Loans to the extent permitted by Section 2.08 2.12 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Financial Services Inc /Oh/)

Commitments to Lend. Each Lender During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(c)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.08 2.12 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Mallinckrodt Group Inc)

Commitments to Lend. Each Lender (a) During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 15,000,000 or any larger multiple of $1,000,000 5,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.2) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.08 2.11 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Quaker State Corp)

Commitments to Lend. Each Lender Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower Borrowers pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each such loan is made, the aggregate outstanding principal amount Dollar Amount of the such Bank's Committed Loans held by such Lender shall not exceed its Commitment. Each The aggregate Dollar Amount of each Borrowing under this Section shall not be in an aggregate principal amount of less than $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in an aggregate Dollar Amount equal to the aggregate amount of the unused Commitments) and available in accordance with Section 3.02). Each Borrowing under this Section shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower Borrowers may borrow under this Section, prepay Loans to the extent permitted by Section 2.08 2.11 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Boise Cascade Office Products Corp)

Commitments to Lend. Each Lender During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding plus its Letter of Credit Liabilities shall not exceed the amount of its Commitment. Each Borrowing under this Section 2.01 shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(c)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this SectionSection 2.01, prepay Loans repay, or to the extent permitted by Section 2.08 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this SectionSection 2.01.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Usf&g Corp)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 15,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.08 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this SectionSection 2.01.

Appears in 1 contract

Samples: Credit Agreement (Litton Industries Inc)

Commitments to Lend. Each Lender During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of the Loans held by such Lender Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.2(e)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.08 2.10, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Conformed (K N Energy Inc)

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