Commitments to Lend. (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 Company in Dollars 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 under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.
Appears in 3 contracts
Sources: Credit Agreement (Rockwell Automation, Inc), Five Year Credit Agreement (Rockwell Automation, Inc), Credit Agreement (Rockwell Automation Inc)
Commitments to Lend. (a) During the Revolving Credit Period Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company in Dollars Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank and Letter of Credit Liabilities of 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) shall be in Dollars and be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)3.02) and shall be made from the several 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 2.13 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 3 contracts
Sources: Credit Agreement (Galileo International Inc), Credit Agreement (Galileo International Inc), Credit Agreement (Galileo International Inc)
Commitments to Lend. (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 Company in Dollars Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount Committed Exposure of Loans by such 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; provided, that any Borrowing under this Section may be in the aggregate amount available in accordance with Section 3.02(b). Each Borrowing under this Section shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Company Borrower may borrow under this Section 2.01(a)Section, repay, or to the extent permitted by Section 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a)Section.
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.
Appears in 3 contracts
Sources: Revolving Credit Agreement (Chubb Corp), Short Term Credit Agreement (Chubb Corp), Revolving Credit Agreement (Chubb Corp)
Commitments to Lend. (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 Company in Dollars or any Eligible Subsidiary pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to all Borrowers 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 15,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 3 contracts
Sources: 364 Day Credit Agreement (Gillette Co), 364 Day Credit Agreement (Gillette Co), Multi Year Credit Agreement and 364 Day Credit Agreement (Gillette Co)
Commitments to Lend. (a) 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 Company in Dollars Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Revolving 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the maximum aggregate amount available in accordance with Section 3.03(b3.02(d)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 2 contracts
Sources: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Commitments to Lend. (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 Company in Dollars either Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to both Borrowers shall not exceed the amount of its such Bank's 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 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 available in accordance with Section 3.03(b3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrowers may borrow under this Section, repay or, to the extent permitted by Section 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period pursuant to this Section.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Aramark Corp), Credit and Guaranty Agreement (Aramark Corp)
Commitments to Lend. (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 Company in Dollars Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank (including its Designated Lenders, if any) 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $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 available in accordance with Section 3.03(b3.02(b)) and shall be made from the several Banks (and their Designated Lenders, if any) 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 2.11, and reborrow at any time during the Revolving Credit Period under this Section. The Commitments shall terminate on the Termination Date.
Appears in 2 contracts
Sources: 364 Day Credit Agreement (American Stores Co /New/), Multi Year Credit Agreement (American Stores Co /New/)
Commitments to Lend. (a) During the Revolving Credit Period Availability Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans in Dollars to the Company in Dollars Borrower or any Additional Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Loans Revolving Exposure 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Available Commitments. Within the foregoing limits, the Borrower or any Additional Borrower may borrow under this Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Availability Period under this Section.
Appears in 2 contracts
Sources: Credit Agreement (Ingersoll Rand Co LTD), Credit Agreement (Ingersoll Rand Co LTD)
Commitments to Lend. (a) During the Revolving Credit Period Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company in Dollars Borrower pursuant to this Section 2.01 from time to time in amounts such that the aggregate principal amount of Loans loans by such 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 $5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments in effect on the date of Borrowing. Within the foregoing limits, the Company Borrower may borrow under this Section 2.01(a), repay2.01, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a)2.01.
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.
Appears in 1 contract
Sources: Credit Agreement (Duke Capital LLC)
Commitments to Lend. (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 Company in Dollars Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such 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; provided, that any Borrowing under this Section may be in the aggregate amount available in accordance with Section 3.02(b). Each Borrowing under this Section shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Company Borrower may borrow under this Section 2.01(a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a)Section.
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.
Appears in 1 contract
Commitments to Lend. (a) During the Revolving Credit Period ------------------- Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company in Dollars either Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to both Borrowers 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)3.2) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrowers may borrow under this Section, prepay Loans to the extent permitted by Section 2.12 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
Sources: Credit Agreement (Nationwide Financial Services Inc /Oh/)
Commitments to Lend. (a) During the Revolving Credit Period Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company in Dollars Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding plus its Letter of Credit Liabilities 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) 2.01 shall be in an aggregate principal amount of $25,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b3.02(c)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or to the extent permitted by Section 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01.
Appears in 1 contract
Commitments to Lend. (a) During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company in Dollars Borrowers pursuant to this Section 2.01(a) from time to time during the Revolving Credit Period in amounts such that the aggregate principal amount Total Outstandings of Loans by such Bank at any one time outstanding shall not exceed the amount of its CommitmentCommitment at such time. 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(asubsection (a) shall be in an aggregate principal amount of $25,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b3.03(c)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a Borrower 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.
Appears in 1 contract
Sources: Credit Agreement (Aes Corporation)
Commitments to Lend. (a) During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company in Dollars pursuant to this Section Borrower 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 under this Section 2.01(a).
Period; PROVIDED that immediately after each such Loan is made, (bi) the aggregate outstanding principal amount of such Bank's Loans shall not exceed its Commitment and (ii) the Total Outstanding Amount shall not exceed the Borrowing Base at such time. Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 1,000,000 or any larger multiple of $1,000,000 500,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)of the unused Commitments) and shall be made from the several 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: Senior Reducing Revolving Credit Facility (Bellwether Exploration Co)
Commitments to Lend. (a) During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company in Dollars Borrowers 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 under this Section 2.01(a).
(b) Each Period; provided that, immediately after each such loan is made, the aggregate Dollar Amount of such Bank's Committed Loans shall not exceed its Commitment. The aggregate Dollar Amount of each Borrowing under this Section 2.01(a) shall not be in an aggregate principal amount of less than $25,000,000 or any larger multiple of $1,000,000 10,000,000 (except that any such Borrowing may be in an aggregate Dollar Amount equal to the aggregate amount available in accordance with Section 3.03(b3.02)) and . Each Borrowing under this Section shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrowers may borrow under this Section, prepay Loans to the extent permitted by Section 2.11 and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
Sources: Credit Agreement (Boise Cascade Office Products Corp)
Commitments to Lend. (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 Company in Dollars or any Eligible Subsidiary pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this subsection (a) shall be in an aggregate principal amount of $5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Company a Borrower may borrow under this Section 2.01(a)2.01, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a)2.01.
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.
Appears in 1 contract
Commitments to Lend. (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 Company in Dollars Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing, under this 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 available in accordance with Section 3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Company Borrower may borrow under this Section 2.01(asubsection (a), repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(asubsection (a).
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.
Appears in 1 contract
Sources: Credit Agreement (Westvaco Corp)
Commitments to Lend. (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 Company in Dollars Borrower pursuant to this Section from time to time in amounts such that the sum of the aggregate principal amount of Committed Loans by such Bank at any one time outstanding plus the Letter of Credit Liabilities of such Bank at such time shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.2(e)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Company Borrower may borrow under this Section 2.01(a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a)Section.
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.
Appears in 1 contract
Sources: Credit Agreement (K N Energy Inc)
Commitments to Lend. (a) During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company in Dollars Borrowers pursuant to this Section 2.01 (a) from time to time during the Revolving Credit Period in amounts such that the aggregate principal amount Total Outstandings of Loans by such Bank at any one time outstanding shall not exceed the amount of its CommitmentCommitment at such time. 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(asubsection (a) shall be in an aggregate principal amount of $25,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b3.03(c)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a Borrower 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.
Appears in 1 contract
Sources: Credit Agreement (Aes Corporation)
Commitments to Lend. (a) During the Revolving Credit Period Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company in Dollars any Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to all Borrowers 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, any Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
Commitments to Lend. (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 Company in Dollars Borrower pursuant to this Section from time to time in amounts such requested by the Borrower in accordance with the terms of this Agreement, provided that the aggregate principal amount of Committed Loans by such 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 available in accordance with Section 3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Company Borrower may borrow under this Section 2.01(a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a)Section.
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.
Appears in 1 contract
Sources: Credit Agreement (Rite Aid Corp)
Commitments to Lend. (a) During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company in Dollars Borrower pursuant to this Section from time to time after the Effective Date and prior to the Termination Date 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 Each Borrowing of Loans 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 5,000,000 (except that any such Borrowing may be in a lesser amount to the extent that the aggregate amount available in accordance with Section 3.03(b)3.02(b) is less than these requirements) and shall be made from the several Banks ratably in proportion to their respective CommitmentsCommitmentsApplicable Percentages. Within the foregoing limits, the Borrower may borrow under this Section, repay, or to the extent permitted by Section 2.10, prepay Loans and reborrow at any time prior to the Termination Date under this Section.
Appears in 1 contract
Commitments to Lend. (a) During the Revolving Credit Period period from and including the ------------------- Effective Date to but excluding the Termination Date, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company in Dollars Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time prior to the Termination Date under this Section.
Appears in 1 contract
Commitments to Lend. (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 Company in Dollars Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Revolving 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 under this Section 2.01(a).
(b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the maximum aggregate amount available in accordance with Section 3.03(b3.03(d)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.
Appears in 1 contract
Sources: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)