Common use of Commitments to Lend Clause in Contracts

Commitments to Lend. 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 on and after the Effective Date and prior to the Termination Date 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 $50,000,000 or any larger multiple of $5,000,000 (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 Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.11, and reborrow at any time prior to the Termination Date.

Appears in 4 contracts

Samples: Credit Agreement (At&t Capital Corp /De/), Credit Agreement (At&t Capital Corp /De/), Credit Agreement (At&t Capital Corp /De/)

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Commitments to Lend. 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 on and after the Effective Date and prior to the Termination Date 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 $50,000,000 25,000,000 or any larger multiple of $5,000,000 (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 Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time prior to the Termination DateDate under this Section.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Target Corp), Credit Agreement (Target Corp), Credit Agreement (Target Corp)

Commitments to Lend. 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 on and after the Effective Date and prior to the Termination Date 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 $50,000,000 5,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(b3.03(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, prepay Loans repay or, to the extent permitted by Section 2.11, prepay Loans and reborrow at any time prior to the Termination DateDate under this Section 2.01.

Appears in 3 contracts

Samples: Credit Agreement (Tyco International LTD), Bridge Credit Agreement (Tyco International LTD), Credit Agreement (Tyco International LTD)

Commitments to Lend. 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 on and during the Revolving Credit Period; provided that, immediately after the Effective Date and prior to the Termination Date in amounts each such that loan is made, the aggregate outstanding principal amount of all 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 $50,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(b)3.2) 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 2.11, 2.10 and reborrow at any time prior to during the Termination DateRevolving Credit Period under this Section.

Appears in 2 contracts

Samples: Agreement (Trigon Healthcare Inc), Agreement (Trigon Healthcare Inc)

Commitments to Lend. (a) Revolving Credit Loans. 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 on and after the Effective Date and prior to the Termination Date 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 $50,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(b3.03(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, prepay Loans repay or, to the extent permitted by Section 2.11, prepay Loans and reborrow at any time prior to the Termination DateDate under this Section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (Tyco International LTD /Ber/), Credit Agreement (Tyco International LTD /Ber/)

Commitments to Lend. 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 on and after the Effective Date and prior to the Revolving Credit Termination Date 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 $50,000,000 25,000,000 or any larger multiple of $5,000,000 (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 Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time prior to the Revolving Credit Termination DateDate under this Section. Additional advances shall not be available during the Term Loan Period.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Target Corp), Credit Agreement (Target Corp)

Commitments to Lend. Each Bank 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 on and after from the Effective Closing Date and prior to but excluding the Termination Date in amounts such that the aggregate principal amount of Committed Loans by such Bank 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 $50,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(b)3.02) and shall be made from the several Banks 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 2.11, prepay Loans and reborrow at any time prior to the Termination Dateunder this Section.

Appears in 1 contract

Samples: Credit Agreement (Cisco Systems Inc)

Commitments to Lend. 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 on and after the Effective Date and prior to the Termination Date in amounts such Date; provided 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 Section shall be in an aggregate principal amount of $50,000,000 10,000,000 or any larger multiple of $5,000,000 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 a Borrower may borrow under this Section, prepay Loans repay or (to the extent permitted by Section 2.11, 2.09) prepay loans made under this Section and reborrow at any time prior to the Termination DateDate under this Section.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Polaroid Corp)

Commitments to Lend. 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 on and after alter the Effective Date and prior to the Termination Date 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 $50,000,000 or any larger multiple of $5,000,000 (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 Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.112.10, and reborrow at any time prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Cit Group Inc)

Commitments to Lend. 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 on and after the Effective Date and prior to the Termination Date 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 $50,000,000 5,000,000 or any larger multiple of $5,000,000 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 Borrower may borrow under this Section, prepay Loans repay or, to the extent permitted by Section 2.11, prepay Loans and reborrow at any time prior to the Termination DateDate under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Tyco International LTD)

Commitments to Lend. (a) Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower Borrowers pursuant to this Section 2.01 (a) from time to time on and after during the Effective Date and prior to the Termination Date Revolving Credit Period in amounts such that the aggregate principal amount Total Outstandings of Committed Loans by such Bank at any one time outstanding shall not exceed the amount of its CommitmentCommitment at such time. Each Borrowing under this Section subsection (a) shall be in an aggregate principal amount of $50,000,000 5,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(b3.03(c)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the a Borrower may borrow under this SectionSection 2.01 (a), prepay Loans repay, or, to the extent permitted by Section 2.11, prepay Loans and reborrow at any time prior to during the Termination DateRevolving Credit Period.

Appears in 1 contract

Samples: Credit Agreement (Aes Corporation)

Commitments to Lend. 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 on and after the Effective Date and prior to the Termination Date in amounts Date; provided that, immediately after each such that Loan is made, the aggregate outstanding principal amount of all Committed Loans made by such Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under pursuant to this Section shall be in an aggregate principal amount of $50,000,000 10,000,000 or any larger integral multiple of $5,000,000 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 accordance with their respective CommitmentsPercentages. Within the foregoing limits, the Borrower may borrow under this Section, prepay Loans to the extent permitted by Section 2.11, 2.12 and reborrow at any time prior to the Termination Date.Date under this Section..

Appears in 1 contract

Samples: 000 Credit Agreement (CNF Transportation Inc)

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Commitments to Lend. Each 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 on and after the Effective Date and prior to the Termination Date 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 $50,000,000 15,000,000 or any larger multiple of $5,000,000 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 Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.11, and reborrow at any time prior to the Termination Date.,

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Litton Industries Inc)

Commitments to Lend. Each From time to time prior to the Termination Date, 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 2.1 from time to time on and after the Effective Date and prior to the Termination Date 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 $50,000,000 5,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(b3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower Company may borrow under this Section, prepay Loans to the extent permitted by Section 2.112.12, and, subject to the terms and conditions set forth in this Agreement, reborrow at any time prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Premark International Inc)

Commitments to Lend. (a) Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower Borrowers pursuant to this Section 2.01(a) from time to time on and after during the Effective Date and prior to the Termination Date Revolving Credit Period in amounts such that the aggregate principal amount Total Outstandings of Committed Loans by such Bank at any one time outstanding shall not exceed the amount of its CommitmentCommitment at such time. Each Borrowing under this Section subsection (a) shall be in an aggregate principal amount of $50,000,000 5,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(b3.03(c)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the a Borrower may borrow under this SectionSection 2.01(a), prepay Loans repay, or, to the extent permitted by Section 2.11, prepay Loans and reborrow at any time prior to during the Termination DateRevolving Credit Period.

Appears in 1 contract

Samples: Credit Agreement (Aes Corporation)

Commitments to Lend. (a) 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 on and after during the Effective Date and prior to the Termination Date Revolving Credit Period for such Bank 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 $50,000,000 75,000,000 or any larger multiple of $5,000,000 (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 Borrower may borrow under this Section, prepay Loans (to the extent permitted by Section 2.11, ) and reborrow at any time prior to during the Termination DateRevolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Sears Roebuck Acceptance Corp)

Commitments to Lend. 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 on and after the Effective Date and prior to the Termination Date 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 $50,000,000 25,000,000 or any larger multiple of $5,000,000 (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 Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time prior to the Termination DateDate under this Section.

Appears in 1 contract

Samples: Credit Agreement (Target Corp)

Commitments to Lend. 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 on and during the Revolving Credit Period; provided that, immediately after the Effective Date and prior to the Termination Date in amounts each such that loan is made, the aggregate outstanding principal amount of all 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 $50,000,000 5,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(b)3.2) 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 2.11, 2.11 and reborrow at any time prior to during the Termination DateRevolving Credit Period under this Section.

Appears in 1 contract

Samples: Agreement (Ultramar Diamond Shamrock Corp)

Commitments to Lend. 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 on and after the Effective Date and prior to the Termination Date 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 $50,000,000 25,000,000 or any larger multiple of $5,000,000 (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 Borrower may borrow under this Section, prepay Loans repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time prior to the Termination Date.Date under this Section. Section 2.02

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Target Corp)

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