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 during the Revolving Credit Period; provided that, immediately after each such loan is made, the aggregate outstanding principal amount of all Committed Loans by such Bank 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 3.02) 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 2.11 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Ultramar Diamond Shamrock Corp)

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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 during the Revolving Credit Period; , provided that, immediately after each such loan is made, the sum of the aggregate outstanding principal amount of all Committed Loans by such Bank plus its Letter of Credit Exposure shall not exceed the amount of its Commitment. Each Borrowing under this Section hereunder 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 3.02of 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, repay or prepay Loans to the extent permitted by Section 2.11 2.10 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Turner Corp)

Commitments to Lend. Each 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 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 $5,000,000 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 3.023.2(b)) and shall be made from the several 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 2.11 and reborrow 2.11, prepay Loans at any time during the Revolving Credit Availability Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Co LTD)

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 during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that 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 $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 3.023.02(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 SectionSection , prepay Loans repay, or to the extent permitted by Section 2.11 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Nick Acquisition 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 during the Revolving Credit Period; provided that, immediately after each such loan is made, the aggregate outstanding principal amount of all Committed Loans by such Bank shall not exceed the amount 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 $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 3.02of 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 2.11 2.08 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Agreement (Iomega 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 during prior to the Revolving Credit PeriodTermination Date; provided that, immediately after each such 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 $5,000,000 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 3.02of 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 repay, or to the extent permitted by Section 2.11 2.12, prepay Loans and reborrow at any time during prior to the Revolving Credit Period under this SectionTermination Date. Section 2.02.

Appears in 1 contract

Samples: Credit Agreement (Clorox Co /De/)

Commitments to Lend. Each 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 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 $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 3.023.02(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 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Neiman Marcus Group Inc)

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 during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that 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 $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) 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 2.09 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Revolving Credit Agreement (Martin Marietta Materials Inc)

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 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 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 $5,000,000 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 3.023.02(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 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

Samples: Five Year Credit Agreement (Commercial Credit Co)

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 during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that 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 Borrowing, under this Section shall be in an aggregate principal amount of $5,000,000 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 3.023.3(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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Meadwestvaco Corp)

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Commitments to Lend. Each (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 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 $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 3.023.2) 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 2.12 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Quaker State Corp)

Commitments to Lend. Each 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 all Committed 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 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 3.023.03(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 SectionSection 2.01, prepay Loans repay, or to the extent permitted by Section 2.11 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this SectionSection 2.01.

Appears in 1 contract

Samples: Credit Agreement (Rockwell Automation Inc)

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 during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that 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 $5,000,000 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 3.023.02(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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Score Acquisition Corp)

Commitments to Lend. Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans in Dollars to the any Borrower pursuant to this Section from time to time during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of all 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 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 3.023.02(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 Sectionborrow, prepay Loans repay, or, to the extent permitted by Section 2.11 2.10, prepay Loans and reborrow at any time during the Revolving Credit Period under this Sectiontime.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Electric Co)

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 during the Revolving Credit Period; provided that, immediately after each in amounts such loan is made, that the aggregate outstanding principal amount of all Committed Loans by such 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 $5,000,000 1,000,000 or any larger multiple of $1,000,000 100,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02of 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 2.11 2.07 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Gt Interactive Software 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 during the Revolving Credit Period; provided that, immediately after each Period in amounts such loan is made, that 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 a minimum amount of $5,000,000 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 available in accordance with Section 3.023.02(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 2.11) and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Sears Roebuck Acceptance Corp)

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