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
Sources: Credit Agreement (Marsh & McLennan Companies Inc), Credit Agreement (Marsh & McLennan Companies Inc), Credit Agreement (Marsh & McLennan 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 in amounts requested by the Revolving Credit Period; Borrower, provided that, immediately after each such loan is made, that the sum of the aggregate outstanding principal amount of the Committed Loans held by such Lender Bank at any one time outstanding and such Bank's ratable share of the Letter of Credit Outstandings at such time shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 1,000,000 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 4.02(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 re-borrow at any time during the Revolving Credit Period under this Section.
Appears in 3 contracts
Sources: Credit Agreement (Valero Refining & Marketing Co), Credit Agreement (Valero Energy Corp), Credit Agreement (Valero Energy Corp/Tx)
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 Company pursuant to this Section from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding shall not exceed the amount of its Commitment. Within the foregoing limits, the Company may borrow under this Section 2.01(a), repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any 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. Period under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $10,000,000 25,000,000 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 3.03(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 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
Sources: Five Year Credit Agreement (Rockwell Automation Inc), Credit Agreement (Rockwell Automation Inc), Credit Agreement (Rockwell Automation 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
Sources: Credit Agreement (Harcourt General Inc), Credit Agreement (Harcourt General Inc)
Commitments to Lend. Each During the Revolving Credit Period, 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 in Dollars in amounts such that (i) such Lender’s Outstanding Committed Amount shall not exceed its Commitment and (ii) the Total Outstanding Amount shall not exceed the Total Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Revolving Loans to the extent permitted by Section 2.09 and reborrow at any 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 CommitmentPeriod under this Section. 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 ratably in proportion respective amounts equal 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 SectionApplicable Percentages of such Borrowing.
Appears in 2 contracts
Sources: Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc)
Commitments to Lend. Each Lender 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 such loan is made, the aggregate outstanding principal amount of the all Committed Loans held by such Lender Bank 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 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 2.10 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 2 contracts
Sources: Credit Agreement (Trigon Healthcare Inc), Credit Agreement (Trigon Healthcare Inc)
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 :
(i) such Lender Lender’s Outstanding Committed Amount shall not exceed its Commitment; and
(ii) the Total Outstanding Amount shall not exceed the aggregate amount of the Commitments. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 50,000,000 or any larger integral multiple of $1,000,000 10,000,000 (except that any such Borrowing may be in the aggregate amount of available within the unused Commitmentslimitations in the foregoing proviso) 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 2.11 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 2 contracts
Sources: Credit Agreement (Marathon Oil Corp), Credit Agreement (Marathon Oil 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
Sources: 364 Day Credit Agreement (Meadwestvaco Corp), Five Year Credit Agreement (Meadwestvaco 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 pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each Period 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 a minimum amount of $10,000,000 25,000,000 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 (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
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
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 2.09 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
Sources: Revolving Credit Agreement (Martin Marietta Materials 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 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 2.01 shall be in an aggregate principal amount of $10,000,000 25,000,000 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 3.03(b)) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower Company 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
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
Commitments to Lend. Each Lender 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 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 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 may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.08 and reborrow 2.11, prepay Loans at any time during the Revolving Credit Availability Period under this Section.
Appears in 1 contract
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 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
Sources: Credit Agreement (Meadwestvaco 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
Sources: Credit Agreement (Quaker State Corp)
Commitments to Lend. Each During the Revolving Credit Period, 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 in Dollars in amounts such that (i) such ▇▇▇▇▇▇’s Outstanding Committed Amount shall not exceed its Commitment and (ii) the Total Outstanding Amount shall not exceed the Total Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Revolving Loans to the extent permitted by Section 2.09 and reborrow at any 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 CommitmentPeriod under this Section. 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 ratably in proportion respective amounts equal 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 SectionApplicable Percentages of such Borrowing.
Appears in 1 contract
Sources: Loan Modification and Extension Agreement (Martin Marietta Materials 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 3.02(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 , 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
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans Loans to the Borrower pursuant to this Section from time to time during from the Revolving Credit Period; provided that, immediately after each Closing Date to but excluding the Termination Date in amounts such loan is made, that the aggregate outstanding principal amount of the Committed Loans held by such Lender 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 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
Sources: Credit Agreement (Cisco Systems Inc)
Commitments to Lend. Each Lender 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 such loan is made, the aggregate outstanding principal amount of the all Loans held by such Lender Bank shall not exceed the lesser of its CommitmentCommitment and its pro rata share of the Available Amount. 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 to the extent permitted by Section 2.08 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
Sources: Credit Agreement (Iomega Corp)
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 :
(i) such Lender Lender's Outstanding Committed Amount shall not exceed its Commitment; and
(ii) the Total Outstanding Amount shall not exceed the aggregate amount of the Commitments. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 50,000,000 or any larger integral multiple of $1,000,000 10,000,000 (except that any such Borrowing may be in the aggregate amount of available within the unused Commitmentslimitations in the foregoing proviso) 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 2.11 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
Sources: Credit Agreement (Usx Corp)
Commitments to Lend. Each (a) During the Revolving Credit Period, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans Loans denominated in Dollars to the Borrower pursuant to this Section 2.01 from time to time during in amounts such that (1) such Lender’s Outstanding Committed Amount shall not exceed the Revolving Credit Period; provided that, immediately after each such loan is made, amount of its Commitment and (2) the Total Outstanding Amount shall not exceed the aggregate outstanding principal amount of the Loans held by such Lender shall not exceed its CommitmentCommitments. Each Borrowing under this Section 2.01 shall be in an a minimum aggregate principal amount Dollar Amount of $10,000,000 or 20,000,000 and 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 Available Commitments. .
(b) 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
Sources: 364 Day Credit Agreement (Estee Lauder Companies 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 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) 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
Sources: 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 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 shall be in an aggregate principal amount of $10,000,000 1,000,000 or any larger multiple of $1,000,000 100,000 (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 2.07 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
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
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 lend to the Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each 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(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 to the extent permitted by Section 2.08 2.11, and reborrow at any time during the Revolving Credit Period under this Section. The Commitments shall terminate on the Termination Date.
Appears in 1 contract
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(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
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 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
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 :
(i) such Lender Lender's Outstanding Committed Amount shall not exceed its Commitment; and
(ii) the Total Outstanding Amount shall not exceed the aggregate amount of the Commitments. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of available within the unused Commitmentslimitations in the foregoing proviso) 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 2.11 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
Commitments to Lend. Each Lender 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 such loan is made, the aggregate outstanding principal amount of the all Committed Loans held by such Lender Bank 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 2.11 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
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
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
Sources: Credit Agreement (Dean Foods Co)
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 :
(i) such Lender Lender’s Outstanding Committed Amount shall not exceed its Commitment; and
(ii) the Total Outstanding Amount shall not exceed the aggregate amount of the Commitments. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 5,000,000 (except that any such Borrowing may be in the aggregate amount of available within the unused Commitmentslimitations in the foregoing proviso) 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 2.11 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
Sources: Credit Agreement (Marathon Oil Corp)
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 :
(i) such Lender Lender’s Outstanding Committed Amount shall not exceed its Commitment; and
(ii) the Total Outstanding Amount shall not exceed the aggregate amount of the Commitments. Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of available within the unused Commitmentslimitations in the foregoing proviso) 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 2.11 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
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
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 Section.
Appears in 1 contract
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
Sources: Short Term Credit Agreement (Litton Industries 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
Sources: Credit Agreement (Quaker State Corp)