Common use of Commitments Clause in Contracts

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 7 contracts

Sources: Incremental Revolving Credit Assumption Agreement (TransDigm Group INC), Incremental Term Loan Assumption Agreement (TransDigm Group INC), Credit Agreement (TransDigm Group INC)

Commitments. (a) Subject to the terms and conditions set forth hereinhereof, each Lender agreeshaving a Revolving Credit Commitment severally agrees to make revolving credit loans ("Revolving Credit Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the amount of such Lender's Revolving Credit Commitment; provided, severally and not jointly, that no Lender shall be obligated to make Revolving Credit Loans to the Borrower hereunder in an aggregate principal amount at any one time outstanding exceeding (i) during the Tranche A Commitment Period, such Lender's Revolving Credit Commitment Percentage of the lesser of (A) $450,000,000 and (B) the aggregate Revolving Credit Commitments of all Lenders, (ii) during the Tranche B Commitment Period, such Lender's Revolving Credit Commitment Percentage of the lesser of (A) $1,200,000,000 and (B) the aggregate Revolving Credit Commitments of all Lenders and (iii) during the Tranche C Commitment Period, such Lender's Revolving Credit Commitment Percentage of the aggregate Revolving Credit Commitments of all Lenders. During the Revolving Credit Commitment Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. (b) Subject to the terms and conditions hereof, each Lender having a Term Loan I Commitment severally agrees to make a term loan (collectively, the "Tranche D I Term Loan, in Dollars, Loans") to the Borrower on in a principal amount equal to the Second Restatement Dateamount of such Lender's Term Loan I Commitment, and each Lender having a Term Loan II Commitment severally agrees to make a term loan (collectively, the "Tranche II Term Loans") to the Borrower in a principal amount not to exceed its Tranche D the amount of such Lender's Term Loan II Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agreesThe Loans may from time to time be (i) Eurodollar Loans, severally (ii) ABR Loans or (iii) a combination thereof, as determined by the Borrower and not jointly, on the terms and subject notified to the conditions set forth herein and Administrative Agent in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowedaccordance with subsection 2.

Appears in 6 contracts

Sources: Credit Agreement (Sprint Spectrum L P), Credit Agreement (Sprint Spectrum Finance Corp), Credit Agreement (Sprint Spectrum L P)

Commitments. (a) Subject to the terms and conditions set forth herein, (a) each Lender agrees, severally and not jointly, agrees (i) to make a Tranche D Term Loan, in Dollars, Loans to the Borrower on from time to time during the Second Restatement Date, Term Loan Availability Period in a principal amount not to exceed exceeding its Tranche D Term Loan Commitment, if any, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and Borrower from time to time on or after the Second Restatement Date, and until the earlier of during the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in such Lender's Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar 's Revolving Credit Commitment and Commitment, if any, (iii) to make Multicurrency Additional Incremental Term Loans to the Borrower under any Additional Incremental Facility during the period or on the date set forth in the applicable Additional Incremental Facility Agreement in a principal amount not exceeding its Additional Incremental Commitment in respect of such Additional Incremental Facility, if any, and (iv) to make Additional Incremental Revolving Loans to the Borrower, Borrower under any Additional Incremental Facility during the period set forth in Dollars or any Alternative Currency, the applicable Additional Incremental Facility Agreement in a principal amount not exceeding at any time and its Additional Incremental Revolving Commitment in respect of such Additional Incremental Facility, if any, (b) each Incremental Tranche A Lender agrees to make Incremental Tranche A Term Loans to the Borrower from time to time on or after during the Second Restatement DateIncremental Tranche A Term Loan Availability Period in a principal amount not exceeding its Incremental Tranche A Commitment, and until provided that the earlier of initial Borrowing under the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, Incremental Tranche A Facility shall be in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitmentless than $225,000,000 and shall occur on the First Incremental Borrowing Date. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans and Additional Incremental Revolving Loans. Amounts paid or prepaid repaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agreesLoans, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Additional Incremental Term Loans may not be reborrowed.

Appears in 6 contracts

Sources: Aircraft Dry Lease (Williams Companies Inc), Purchase and Sale Agreement (Williams Companies Inc), Aircraft Dry Lease (Williams Companies Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Closing Date, in the case of the First Amendment Incremental Term Loans, on the First Amendment Closing Date, or in the case of the 2021 Replacement Term Loans, on the Third Amendment Closing Date, or in the case of the Fourth Amendment Incremental Term Loans, on the Fourth Amendment Closing Date, in each case in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, (ii) each Second Incremental Term Loan Lender severally, and not jointly, agrees to make Dollar Second Amendment Incremental Term Loans to the Borrower on the Second Amendment Closing Date and (iii) each Revolving Lender severally, and not jointly, agrees to make Revolving Loans to the Borrower, Borrower in Dollars, Dollars at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans and the Second Amendment Incremental Term Loans may not be reborrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment or Incremental Facility Agreement, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Additional Loans of such Class to the Borrower, in an aggregate principal amount which Loans shall not exceed for any such Lender at the time of any time outstanding that will not result in incurrence thereof the Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the termsapplicable Refinancing Amendment, conditions and limitations set forth herein, the Borrower may borrow, pay Extension Amendment or prepay and reborrow Incremental Revolving LoansFacility Agreement. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 5 contracts

Sources: First Lien Credit Agreement (Waystar Holding Corp.), First Lien Credit Agreement (Waystar Holding Corp.), First Lien Credit Agreement (Waystar Holding Corp.)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender agreesseverally, severally and not jointly, agrees to (ix) to make a Tranche D Initial Dollar Term Loan, in Dollars, Loans to the Initial U.S. Borrower on the Second Restatement Date, Closing Date in a principal amount not to exceed its Tranche D Initial Dollar Term Loan Commitment, Commitment and (y) make separate Initial Euro Term Loans (in the amounts specified in their respective borrowing notices) to each of the Initial U.S. Borrower and the Initial Dutch Borrower on the Closing Date in an aggregate principal amount not to exceed its Initial Euro Term Loan Commitment and (ii) each Revolving Lender severally, and not jointly, agrees to make Dollar Initial Revolving Loans to the Borrower, each Borrower in Dollars, Euros or any Alternate Currency at any time and from time to time on or and after the Second Restatement Closing Date (subject to the limitations on incurrence of Initial Revolving Loans on the Closing Date), and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the each Borrower may borrow, pay or prepay and reborrow re-borrow Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowedre-borrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Additional Loans of such Class to the each applicable Borrower, in an aggregate principal amount which Loans shall not exceed for any such Lender at the time of any time outstanding that will not result in incurrence thereof the Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the termsapplicable Refinancing Amendment, conditions and limitations set forth herein, the Borrower may borrow, pay Extension Amendment or prepay and reborrow Incremental Revolving LoansFacility Amendment. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 3 contracts

Sources: First Lien Credit Agreement (Ranpak Holdings Corp.), First Lien Credit Agreement (Ranpak Holdings Corp.), First Lien Credit Agreement (Ranpak Holdings Corp.)

Commitments. (a) Subject to the terms and conditions set forth herein, each Initial Term Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Date, Closing Date in Dollars in a principal amount not equal to exceed its Tranche D Initial Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowed. (b) Each Subject to the terms and conditions set forth herein, each Delayed Draw Term Lender having an Incremental Revolving Credit Commitment hereby agreesseverally, severally and not jointly, on the terms and subject agrees to make “Delayed Draw Term Loans” to the conditions set forth herein and Borrower in the applicable Incremental Revolving Credit Assumption AgreementDollars from time to time (but in any event limited to three drawings, to make Incremental Revolving Loans to the Borrower, each in an a minimum aggregate principal amount of at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointlyleast $10,000,000), on any Business Day until the terms and subject to the conditions set forth herein and in the applicable Incremental Delayed Draw Term Loan Assumption Agreement, to make Incremental Term Loans to the BorrowerCommitment Termination Date, in an aggregate a principal amount not to exceed its Incremental Delayed Draw Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Delayed Draw Term Loans may not be reborrowed. Once funded, Delayed Draw Term Loans will initially be of the same Type and will have the same Interest Period as the Initial Term Loans (allocated pro rata if multiple Interest Periods shall be in effect at such time) outstanding at the time of the borrowing of such Delayed Draw Term Loan. (c) Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment or Incremental Facility Amendment, each Lender with an Additional Term Loan Commitment of a given Class, severally and not jointly, agrees to make Additional Term Loans of such Class to the Borrower, which Additional Term Loans shall not exceed for any such Lender at the time of any incurrence thereof the Additional Term Loan Commitment of such Class of such Lender as set forth in the applicable Refinancing Amendment or Incremental Facility Amendment.

Appears in 3 contracts

Sources: Term Loan Agreement (Daseke, Inc.), Term Loan Agreement (Daseke, Inc.), Term Loan Agreement (Daseke, Inc.)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Revolving Credit Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, Revolving Borrowers in Dollars, at any time and from time to time on or after the Second 2016 Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, hereof and in an aggregate principal amount at any time outstanding that will not result in (x) such Revolving Credit Lender▇▇▇▇▇▇’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar its Revolving Credit Commitment and or (iiiy) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Aggregate Revolving Credit Exposure exceeding such Lender’s Multicurrency the Total Revolving Credit CommitmentCommitments. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Term Loan Commitment (including a U.S. Term Loan Commitment or a European Term Loan Commitment on the 2016 Restatement Date) or an Other Revolving Credit Commitment hereby agreesCommitment, severally and not jointly, on hereby agrees, subject to the terms and subject to conditions and relying upon the conditions representations and warranties set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borroweror Other Revolving Loans, in an aggregate principal amount not amount, to exceed its the Borrowers and on the terms and conditions set forth in the applicable Incremental Term Loan CommitmentAssumption Agreement. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 3 contracts

Sources: Credit Agreement (Pactiv Evergreen Inc.), Specified Refinancing Amendment, Incremental Amendment and Administrative Agency Transfer Agreement (Pactiv Evergreen Inc.), Fourth Amended and Restated Agreement (Pactiv Evergreen Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, (a) each NAIC Tranche Lender agrees, severally and not jointly, (i) agrees to make a NAIC Tranche D Term Loan, Loans in Dollars, Dollars or in any Agreed Foreign Currency to one or more of the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and Borrowers from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) such Revolving Credit Lender’s Dollar Revolving NAIC Tranche Credit Exposure exceeding such Lender’s Dollar Revolving NAIC Tranche Commitment, (ii) the total NAIC Tranche Credit Commitment and Exposures exceeding the total NAIC Tranche Commitments or (iii) the Dollar Equivalent of the total Credit Exposure (net of any amounts Cash Collateralized with respect thereto) denominated in an Agreed Foreign Currency exceeding the Foreign Currency Sublimit Dollar Amount and (b) each Non-NAIC Tranche Lender agrees to make Multicurrency Revolving Non-NAIC Tranche Loans to the Borrower, in Dollars or in any Alternative Currency, at any time and Agreed Foreign Currency to one or more of the Borrowers from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that would will not result in (i) such Revolving Credit Lender’s Multicurrency Revolving Non-NAIC Tranche Credit Exposure exceeding such Lender’s Multicurrency Revolving Non-NAIC Tranche Commitment, (ii) the total Non-NAIC Tranche Credit CommitmentExposures exceeding the total Non-NAIC Tranche Commitments or (iii) the Dollar Equivalent of the total Credit Exposure (net of any amounts Cash Collateralized with respect thereto) denominated in an Agreed Foreign Currency exceeding the Foreign Currency Sublimit Dollar Amount. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the each Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowedunder each Tranche. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 3 contracts

Sources: Credit Agreement (American International Group Inc), Credit Agreement (American International Group Inc), Credit Agreement (American International Group Inc)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, (ia) to make a Tranche D Term Loan, in Dollars, term loan to the Borrower on the Second Restatement Date, Tender Offer Date in a an aggregate principal amount not to exceed its Tranche D Term Loan Commitmentthe Tender Facility Commitment of such Lender, (iib) to make Dollar Revolving Loans revolving loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, Tender Offer Date and until the earlier of the Revolving Credit Pre-Merger Facilities Maturity Date with respect to and the Dollar termination of the Pre-Merger Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding not to exceed the Pre-Merger Revolving Credit Commitment of such Lender, (c) to make term loans to the Borrower, at any time and from time to time during the Term Facility Availability Period, in an aggregate principal amount not to exceed the Term Facility Commitment of such Lender and (d) to make revolving loans to the Borrower, at any time and from time to time on or after the Merger Date and until the earlier of the Post-Merger Facilities Maturity Date and the termination of the Dollar Post-Merger Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar (i) the Post-Merger Revolving Credit Exposure of such Lender exceeding such Lender’s Dollar Revolving Credit Commitment and (iiiii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Post-Merger Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in clauses (b) and (d) of the preceding sentence sentence, the Borrower may borrow, pay or prepay and reborrow Pre-Merger Revolving Loans and Post-Merger Revolving Loans subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Tender Facility Loans and Term Facility Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 3 contracts

Sources: Credit Agreement (Schein Pharmaceutical Inc), Credit Agreement (Danbury Pharmacal Puerto Rico Inc), Credit Agreement (Schein Pharmaceutical Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, each Term Lender agrees, severally and not jointly, (i) agrees to make a Tranche D Term Loan, Loan in Dollars, Dollars to the Borrower Company on the Second Restatement Date, Closing Date in a principal amount not to exceed exceeding its Tranche D Initial Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid repaid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on Subject to the terms and subject to the conditions set forth herein and in the applicable Incremental herein, (i) each Dollar Tranche Revolving Credit Assumption Agreement, Lender agrees to make Incremental revolving credit loans (“Dollar Tranche Revolving Loans Loans”) in Dollars to the Borrower, Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at that will not result (after giving effect to any application of proceeds of such Revolving Loans pursuant to Section 2.04) in (x) the sum of the total Dollar Tranche Revolving Credit Exposures exceeding the aggregate Dollar Tranche Revolving Commitments or (y) the Dollar Tranche Revolving Credit Exposure of any Lender exceeding such Lender’s Dollar Tranche Revolving Commitment and (ii) each Multicurrency Tranche Revolving Lender agrees to make revolving credit loans (“Multicurrency Tranche Revolving Loans”) in Dollars or in one or more Alternative Currencies to the Borrowers from time outstanding to time during the Revolving Commitment Period in an aggregate principal amount that will not result in such Lender’s Incremental (x) the sum of the total Multicurrency Tranche Revolving Credit Exposures exceeding the aggregate Multicurrency Tranche Revolving Commitments, (y) the Multicurrency Tranche Revolving Credit Exposure of any Lender exceeding such Lender’s Incremental Multicurrency Tranche Revolving Commitment or (z) the sum of the total Revolving Credit CommitmentExposures denominated in an Alternative Currency exceeding the Alternative Currency Sublimit. Within During the limits set forth Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in the preceding sentence whole or in part, and subject to the termsreborrowing, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on all in accordance with the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowedhereof.

Appears in 3 contracts

Sources: Credit Agreement (Abm Industries Inc /De/), Credit Agreement (Abm Industries Inc /De/), Credit Agreement (Abm Industries Inc /De/)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment[reserved], (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 3 contracts

Sources: Incremental Term Loan Assumption Agreement (TransDigm Group INC), Incremental Term Loan Assumption Agreement (TransDigm Group INC), Loan Modification Agreement (TransDigm Group INC)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth herein, each Lender agrees, severally and not jointly, forth: (i) each Term Loan Lender severally agrees to make a Tranche D the Term Loan, in Dollars, Loan to the Borrower Borrowers on the Second Restatement Effective Date, in a an aggregate principal amount not to exceed its Tranche D the amount of such Lender’s Term Loan Commitment, ; and (ii) each Delayed Draw Term Loan Lender severally agrees to make Dollar Revolving Loans term loans (collectively, the “Delayed Draw Term Loans”) to the Borrower, in Dollars, Borrower at any time and from time to time on or after the Second Restatement Effective Date and prior to the Delayed Draw Term Loan Commitment Expiry Date, and or until the earlier reduction of the Revolving Credit Maturity Date with respect its Delayed Draw Term Loan Commitment to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender zero in accordance with the terms hereof, in an amount requested by the Borrower not to exceed the amount of such Lender’s Delayed Draw Term Loan Commitment. (b) Notwithstanding the foregoing: (i) The aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Term Loan made on the Effective Date with respect to shall not exceed the Multicurrency Revolving Credit Commitment of such Lender and the termination Total Term Loan Commitment. Any principal amount of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid Term Loan which is repaid or prepaid in respect of Term Loans may not be reborrowed. (bii) Each Lender having an Incremental Revolving Credit The Total Delayed Draw Term Loan Commitment hereby agrees, severally shall automatically and not jointly, permanently be reduced to zero on the terms Delayed Draw Term Loan Commitment Expiry Date. The Borrower may borrow Delayed Draw Term Loans on and subject after the Effective Date and prior to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, Delayed Draw Term Loan Commitment Expiry Date in an aggregate principal amount at any time outstanding that will (inclusive of all Delayed Draw Term Loans, whenever made) not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit to exceed the Total Delayed Draw Term Loan Commitment. Within the limits set forth in the preceding sentence and , subject to the terms, conditions provisions and limitations set forth herein, . The aggregate principal amount of the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (cDelayed Draw Term Loans made pursuant to Section 2.01(a)(ii) Each Lender having an Incremental shall not exceed the Total Delayed Draw Term Loan Commitment hereby agrees, severally and there shall not jointly, on the terms and subject to the conditions set forth herein and be more than four (4) Delayed Draw Term Loans in the applicable Incremental aggregate. Any Delayed Draw Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid that is repaid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 3 contracts

Sources: Financing Agreement (Tpi Composites, Inc), Financing Agreement (Tpi Composites, Inc), Financing Agreement (Tpi Composites, Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agreeswith an Initial US Commitment severally, severally and not jointly, (i) agrees to make a Tranche D Term Loan, loans in Dollars, Dollars and/or any other Alternate Currency to the US Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Initial US Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such (i) the Initial US Revolving Credit Exposure exceeding the lesser of (A) the Initial US Commitments and (B) the US Borrowing Base, or (ii) such Lender’s Dollar Initial US Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Initial US Commitment. (b) Subject to the terms and conditions set forth herein, each Lender with an Initial Canadian Commitment severally, and (iii) not jointly, agrees to make Multicurrency Revolving Loans loans in Canadian Dollars, Dollars and/or any other Alternate Currency to the Borrower, in Dollars or any Alternative Currency, Canadian Borrower at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Initial Canadian Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would will not result in such (i) the Initial Canadian Revolving Credit Exposure exceeding the lesser of (A) the Initial Canadian Commitments and (B) the Canadian Borrowing Base, or (ii) such Lender’s Multicurrency Initial Canadian Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Initial Canadian Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Subject to the terms and conditions of this Agreement and any applicable Extension Amendment or Incremental Revolving Facility Amendment, each Lender having an Incremental Term Loan and each Additional Revolving Lender with any Additional Revolving Commitment hereby agreesfor a given Class severally, severally and not jointly, on the terms and subject agrees to make Additional Revolving Loans of such Class to the conditions set forth herein and in Borrowers, which Revolving Loans shall not exceed for any such Lender or Additional Revolving Lender at the applicable Incremental Term Loan Assumption Agreementtime of any incurrence thereof, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect Additional Revolving Commitment of Incremental Term Loans may not be reborrowedeach Class of Lender.

Appears in 3 contracts

Sources: Abl Credit Agreement (Hayward Holdings, Inc.), Abl Credit Agreement (Hayward Holdings, Inc.), Abl Credit Agreement (Hillman Companies Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, each Dollar Tranche Lender agrees, severally and not jointly, (i) agrees to make a revolving credit loans in dollars ("Dollar Tranche D Term Loan, in Dollars, Revolving Loans") to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) such Revolving Credit Lender’s 's Dollar Tranche Revolving Credit Exposure exceeding such Lender’s 's Dollar Tranche Commitment or (ii) the sum of the Dollar Tranche Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to Exposures exceeding the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitmenttotal Dollar Tranche Commitments. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Dollar Tranche Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on Subject to the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreementherein, each Multi-Currency Tranche Lender agrees to make Incremental revolving credit loans in dollars, Euros or Canadian Dollars ("Multi-Currency Tranche Revolving Loans Loans") to the Borrower, Borrower from time to time during the Availability Period in an aggregate principal amount at any time outstanding that will not result in (a) such Lender’s Incremental 's Multi-Currency Tranche Revolving Credit Exposure exceeding such Lender’s Incremental 's Multi-Currency Tranche Commitment, or (b) the sum of the Multi-Currency Tranche Revolving Credit CommitmentExposures exceeding the total Multi-Currency Tranche Commitments. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Multi-Currency Tranche Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Credit Agreement (Claiborne Liz Inc), Credit Agreement (Claiborne Liz Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, each US Tranche Lender agrees, severally and not jointly, (i) agrees to make a US Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time Company and the Borrowing Subsidiaries from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender Availability Period in accordance with the terms hereof, US Dollars in an aggregate principal amount at any time outstanding that will not result in (i) such Revolving Credit Lender’s Dollar US Tranche Revolving Credit Exposure exceeding such Lender’s Dollar US Tranche Commitment, (ii) the sum of the total US Tranche Revolving Credit Commitment and Exposures exceeding the total US Tranche Commitments or (iii) to make Multicurrency the sum of the aggregate Revolving Loans Credit Exposures plus the total Competitive Loan Exposures exceeding the total Commitments. (b) Subject to the Borrowerterms and conditions set forth herein, in Dollars or any Alternative Currency, at any time and each Multicurrency Tranche Lender agrees from time to time on during the Availability Period to make Multicurrency Tranche Revolving Loans in US Dollars or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect a Designated Foreign Currency to the Multicurrency Revolving Credit Commitment of such Lender Company and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding Borrowing Subsidiaries that would will not result in (i) such Revolving Credit Lender’s Multicurrency Tranche Revolving Credit Exposure exceeding such Lender’s Multicurrency Tranche Commitment, (ii) the sum of the total Multicurrency Tranche Revolving Credit Commitment. Exposures exceeding the total Multicurrency Tranche Commitments or (iii) the sum of the aggregate Revolving Credit Exposures plus the total Competitive Loan Exposures exceeding the total Commitments. (c) Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowedduring the Availability Period. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Credit Agreement (Kellogg Co), Credit Agreement (Kellogg Co)

Commitments. (a) Subject to On the terms and subject to the conditions set forth hereinherein and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, each Lender agrees, agrees severally and not jointly, jointly to make (i) Tranche A Loans to make a Tranche D Term Loanthe U.S. Borrower, in Dollarsdollars, on the Closing Date and on one other date on or prior to the Borrower on the Second Restatement Delayed Draw Termination Date, in a an aggregate principal amount for all such Tranche A Loans not to exceed its Tranche D Term Loan A Commitment, (ii) to make Dollar Domestic Revolving Loans to the U.S. Borrower, in Dollarsdollars, at any time and from time to time on or after the Second Restatement Date, Closing Date and until prior to the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Domestic Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Domestic Revolving Credit Exposure (plus its Pro Rata Percentage of the Aggregate Competitive Loan Exposures) exceeding such Lender’s Dollar Domestic Revolving Credit Commitment and Commitment, (iii) to make Multicurrency Revolving Loans to the BorrowerU.S. Borrower in dollars, in Canadian Dollars or any Alternative CurrencyAustralian Dollars, the Canadian Borrower in dollars or Canadian Dollars, or the Australian Borrower in Australian Dollars, at any time and from time to time on or after the Second Restatement Date, Closing Date and until prior to the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would will not result in (x) such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment or (y) the Aggregate Multicurrency Revolving Credit Exposure attributable to Loans to, and Letters of Credit issued for the account of, (A) the U.S. Borrower in Australian Dollars, the Australian Borrower and the New Zealand Borrower exceeding the ANZ Sublimit or (B) the U.S. Borrower in Canadian Dollars and the Canadian Borrower exceeding the Canadian Sublimit and (iv) U.K. Revolving Loans to the U.S. Borrower in dollars, Pounds or Euros or the U.K. Borrower in Pounds or Euro, at any time and from time to time on or after the Closing Date and prior to the earlier of the Revolving Credit Maturity Date and the termination of the U.K. Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Lender’s U.K. Revolving Credit Exposure exceeding such Lender’s U.K. Revolving Credit Commitment. Within the limits set forth in the preceding first sentence of this Section 2.01 and subject to the terms, conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agreesor an Incremental Term Loan Commitment, severally and not jointly, hereby agrees, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption AgreementAgreement and in reliance on the representations and warranties set forth herein and in the other Loan Documents, to make Incremental Revolving Loans or Incremental Term Loans, as applicable, to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the BorrowerBorrowers, in an aggregate principal amount not to exceed its Incremental Revolving Credit Commitment or Incremental Term Loan Commitment, as applicable. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Credit Agreement (Cbre Group, Inc.), Credit Agreement (Cbre Group, Inc.)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Standby Loans to the Borrower, in DollarsBorrowers, at any time and from time to time on or and after the Second Restatement Date, date hereof and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with Lender. (b) Subject to the terms hereofand conditions and relying upon the representations and warranties set forth herein and in the applicable Local Currency Addendum, in an aggregate principal amount at any time outstanding that will each Local Currency Lender agrees, severally and not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) jointly, to make Multicurrency Revolving Local Currency Loans to the Borrower, in Dollars or any Alternative Currency, Borrowers at any time and from time to time on or and after the Second Restatement Date, execution of the applicable Local Currency Addendum and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment (or the commitment under such Local Currency Addendum) of such Lender Local Currency Lender. (c) Notwithstanding anything to the contrary contained in accordance with the terms hereofthis Agreement, in an no event may Standby Loans or Local Currency Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the sum of the aggregate Standby Credit Exposures, the aggregate Competitive Loan Exposures and the aggregate L/C Exposures would exceed the Total Commitment then in effect, (ii) the sum of the Standby Credit Exposure and the L/C Exposure of any Lender would exceed such Lender's Commitment or (iii) the Dollar Equivalent of the aggregate principal amount at of the outstanding Local Currency Loans of any time outstanding that Local Currency Lender denominated in a specified Local Currency would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitmentexceed the applicable Local Currency Facility Maximum Borrowing Amount or any Local Currency Lender Maximum Borrowing Amount. 21 16 Within the limits set forth in foregoing limits, the preceding sentence Borrowers may borrow, pay or prepay and reborrow Standby Loans and Local Currency Loans hereunder, on and after the Effective Date and prior to the Maturity Date, subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Five Year Competitive Advance and Revolving Credit Facility Agreement (George Acquisition Inc), Credit Facility Agreement (Itt Industries Inc)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, (i) each Funded Term Loan Lender agrees, severally and not jointly, (i) to make a Tranche D Funded Term Loan, in Dollars, Loan to the Borrower on the Second Restatement Closing Date, in a principal amount not to exceed its Tranche D Funded Term Loan Commitment, (ii) each Delayed Draw Term Loan Lender agrees, severally and not jointly, to make Dollar Delayed Draw Term Loans to the Borrower from time to time during the period commencing on the date hereof and ending on the Delayed Draw Commitment Termination Date, in an aggregate principal amount not to exceed its Delayed Draw Term Loan Commitment, and (iii) each Revolving Credit Lender agrees, severally and not jointly, to make Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Datedate hereof, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in clause (iii) of the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on Subject to the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, relying upon the Borrower may borrow, pay or prepay representations and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions warranties set forth herein and in the applicable Incremental Term Loan Assumption Agreement, each Lender having an Incremental Term Loan Commitment agrees, severally and not jointly, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Credit Agreement (Community Health Systems Inc), Credit Agreement (Community Health Systems Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agreesLender, severally and not jointly, (i) agrees to make a Tranche D Term LoanRevolving Loans, denominated in Dollarsdollars, to the any Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after during the Second Restatement Date, and until Availability Period for the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Facility Commitments in an aggregate principal amount at any time outstanding that will not result in (i) such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Facility Commitment or (ii) the sum of the total Revolving Credit Commitment Exposures plus the total Competitive Loan Exposures exceeding the total Facility Commitments. (b) Subject to the terms and (iii) conditions set forth herein, each Designated Currency Lender agrees to make Multicurrency Revolving Loans denominated in any Designated Currency to the Borrower, in Dollars or any Alternative Currency, at any time and Borrower from time to time on or after during the Second Restatement Date, and until Availability Period for the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, Designated Currency Commitments in an aggregate principal amount at that, after giving effect to any time outstanding that would requested Loan, will not result in (i) the aggregate amount of the Dollar Equivalents of the principal amounts of the Revolving Designated Currency Loans of any Designated Currency Lender exceeding such Revolving Credit Lender’s Multicurrency Designated Currency Commitment, (ii) the aggregate amount of the Dollar Equivalents of the principal amounts of all outstanding Revolving Designated Currency Loans and Revolving Yen Loans exceeding $100,000,000, (iii) any Lender’s Revolving Credit Exposure exceeding such Lender’s Multicurrency Facility Commitment or (iv) the sum of the total Revolving Credit Commitment. Within Exposures plus the limits set forth in total Competitive Loan Exposures exceeding the preceding sentence and subject total Facility Commitments. (c) Subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each each Yen Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Loans denominated in Yen to any Borrower from time to time during the Borrower, Availability Period for the Yen Commitments in an aggregate principal amount at that, after giving effect to any time outstanding that requested Loan, will not result in (i) the Dollar Equivalent of the aggregate principal amount of the Revolving Yen Loans of any Yen Lender exceeding such Lender’s Incremental Yen Commitment, (ii) the aggregate amount of the Dollar Equivalents of the principal amounts of all outstanding Revolving Designated Currency Loans and Revolving Yen Loans exceeding $100,000,000, (iii) any Lender’s Revolving Credit Exposure exceeding such Lender’s Incremental Facility Commitment or (iv) the sum of the total Revolving Credit Commitment. Exposures plus the total Competitive Loan Exposures exceeding the total Facility Commitments. (d) Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Credit Agreement (Dun & Bradstreet Corp/Nw), Credit Agreement (Dun & Bradstreet Corp/Nw)

Commitments. (ai) Subject to the terms and conditions set forth herein, each Construction Loan Lender agreesseverally agrees to make construction loans (collectively, severally and not jointly, (ithe "CONSTRUCTION LOANS") to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and Company from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Construction Loan Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Period in an aggregate principal amount at any one time outstanding that will not result in to exceed such Revolving Credit Construction Loan Lender’s Dollar Revolving Credit Exposure exceeding 's Construction Loan Commitment at such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitmenttime. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Company may borrow, pay or prepay and but not reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Construction Loans. (cii) Each Lender having an Incremental Term Loan Commitment hereby agreesDuring the Revolving Credit Availability Period, severally and not jointly, on subject to the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreementhereof, each Revolving Credit Lender severally agrees to make Incremental Term Revolving Credit Loans to the BorrowerCompany in the aggregate amount up to but not exceeding such Revolving Credit Lender's Revolving Credit Commitment; PROVIDED, after giving effect to the making of any Revolving Credit Loans in an no event shall the Total Utilization of Revolving Credit Commitments exceed the aggregate principal amount not to exceed its Incremental Term Loan Commitmentof Revolving Credit Commitments then in effect. Amounts borrowed pursuant to this Section 2.1(a)(ii) may be repaid and reborrowed during the Revolving Credit Commitment Period; PROVIDED, HOWEVER, that any amounts borrowed and repaid prior to the Conversion Date may only be reborrowed after the Conversion Date. Each Revolving Credit Lender's Revolving Credit Commitment shall expire on the Revolving Credit Commitment Termination Date and all Revolving Credit Loans and all other amounts owed hereunder with respect to the Revolving Credit Loans and the Revolving Credit Commitments shall be paid or prepaid in respect of Incremental Term Loans may not be reborrowedfull no later than the Final Maturity Date.

Appears in 2 contracts

Sources: Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Flag Telecom Holdings LTD)

Commitments. (a) Subject Each Dollar Lender severally agrees, subject to and on the terms and conditions set forth hereinof this Agreement, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after any Business Day during the Second Restatement period from and including the Closing Date to but excluding the Termination Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding not exceeding its Dollar Commitment, provided that will not result in no Borrowing of Dollar Loans shall be made if, immediately after giving effect thereto (and to any concurrent repayment of Dollar Swingline Loans with proceeds of Dollar Loans made pursuant to such Borrowing), (y) the Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding of any Dollar Lender would exceed its Dollar Commitment at such Lender’s time or (z) the Aggregate Revolving Dollar Revolving Credit Commitment Exposure would exceed the aggregate Dollar Commitments at such time. Subject to and on the terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow Dollar Loans. (iiib) Each Multicurrency Lender severally agrees, subject to and on the terms and conditions of this Agreement, to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after any Business Day during the Second Restatement period from and including the Closing Date to but excluding the Termination Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding not exceeding its Multicurrency Commitment, provided that would not result in no Borrowing of Multicurrency Loans shall be made if, immediately after giving effect thereto (and to any concurrent repayment of Multicurrency Swingline Loans with proceeds of Multicurrency Loans made pursuant to such Borrowing), (y) the Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding of any Multicurrency Lender would exceed its Multicurrency Commitment at such Lender’s time or (z) the Aggregate Revolving Multicurrency Revolving Credit CommitmentExposure would exceed the aggregate Multicurrency Commitments at such time. Within Subject to and on the limits set forth in the preceding sentence terms and subject to the terms, conditions and limitations set forth hereinof this Agreement, the Borrower may borrow, pay or prepay repay and reborrow Revolving Multicurrency Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (bc) Each The Swingline Lender having an Incremental Revolving Credit Commitment hereby agrees, severally subject to and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption of this Agreement, to make Incremental Revolving Loans loans in Dollars (each, a “Dollar Swingline Loan”) to the BorrowerBorrower under the Dollar Commitments, from time to time on any Business Day during the period from the Closing Date to but excluding the Swingline Maturity Date (or, if earlier, the Termination Date), in an aggregate principal amount at any time outstanding not exceeding the Dollar Swingline Commitment. Dollar Swingline Loans may be made even if the aggregate principal amount of Dollar Swingline Loans outstanding at any time, when added to the aggregate principal amount of the Dollar Loans made by the Swingline Lender and its Letter of Credit Exposure in its capacity as a Dollar Lender outstanding at such time, would exceed the Swingline Lender’s own Dollar Commitment at such time, but provided that will no Borrowing of Dollar Swingline Loans shall be made if, immediately after giving effect thereto, (x) the Revolving Dollar Credit Exposure of any Dollar Lender would exceed its Dollar Commitment at such time, (y) the Aggregate Revolving Dollar Credit Exposure would exceed the aggregate Dollar Commitments at such time or (z) any Dollar Lender is at such time a Defaulting Lender hereunder, unless the aggregate Dollar Swingline Exposure of such Lender has been reallocated pursuant to Section 2.21(c)(i) and any amount not result in reallocated has been cash collateralized pursuant to Section 2.21(c)(ii) or the Swingline Lender has entered into other satisfactory arrangements with the Borrower or such Lender to eliminate the Swingline Lender’s risk with respect to such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within Subject to and on the limits set forth in the preceding sentence terms and subject to the terms, conditions and limitations set forth hereinof this Agreement, the Borrower may borrow, pay or prepay repay (including by means of a Borrowing of Dollar Loans pursuant to Section 2.2(e)) and reborrow Incremental Revolving Dollar Swingline Loans. (cd) Each The Swingline Lender having an Incremental Term Loan Commitment hereby agrees, severally subject to and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption of this Agreement, to make Incremental Term Loans loans in any Foreign Currency (each, a “Multicurrency Swingline Loan,” and collectively with the Dollar Swingline Loans, the “Swingline Loans”) from time to time on any Business Day during the Borrowerperiod from the Closing Date to but excluding the Swingline Maturity Date (or, if earlier, the Termination Date), in an aggregate principal amount at any time outstanding not exceeding the Multicurrency Swingline Commitment. Multicurrency Swingline Loans may be made even if the aggregate Dollar Amount of Multicurrency Swingline Loans outstanding at any time, when added to the Dollar Amount of the Multicurrency Loans made by the Swingline Lender in its capacity as a Multicurrency Lender outstanding at such time, would exceed the Swingline Lender’s own Multicurrency Commitment at such time, but provided that no Borrowing of Multicurrency Swingline Loans shall be made if, immediately after giving effect thereto, (x) the Revolving Multicurrency Credit Exposure of any Multicurrency Lender would exceed its Incremental Term Loan CommitmentMulticurrency Commitment at such time, (y) the Aggregate Revolving Multicurrency Credit Exposure would exceed the aggregate Multicurrency Commitments at such time or (z) any Multicurrency Lender is at such time a Defaulting Lender hereunder, unless the aggregate Multicurrency Swingline Exposure of such Lender has been reallocated pursuant to Section 2.21(c)(i) and any amount not reallocated has been cash collateralized pursuant to Section 2.21(c)(ii) or the Swingline Lender has entered into other satisfactory arrangements with the Borrower or such Lender to eliminate the Swingline Lender’s risk with respect to such Lender. Amounts paid or prepaid in respect Subject to and on the terms and conditions of Incremental Term this Agreement, the Borrower may borrow, repay (including by means of a Borrowing of Multicurrency Loans may not be reborrowedpursuant to Section 2.2(e)) and reborrow Multicurrency Swingline Loans.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement (Intercontinentalexchange Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, agrees (ia) to make a Tranche D Term Loan, A USD Loan in Dollars, Dollars to the Parent Borrower on the Second Restatement Date, Effective Date in a an aggregate principal amount not exceeding its Term A USD Commitment, (b) to exceed make a Term A EUR Loan in Euros to the Parent Borrower on the Restatement Effective Date in an aggregate principal amount not exceeding its Tranche D Term Loan A EUR Commitment, (c) to make Term B USD Loans in Dollars to the Parent Borrower on the Restatement Effective Date in an aggregate principal amount not exceeding its Term B USD Commitment, (d) to make Term B EUR Loans in Euro to the Parent Borrower on the Restatement Effective Date in an aggregate principal amount not exceeding its Term B EUR Commitment and (e) to make USD/Multicurrency Revolving Loans in Dollars or Alternative Currencies to the Parent Borrower, the Dutch Borrower and any Additional Borrowers from time to time during the Revolving Availability Period in an aggregate principal amount that will not result in (i) the Dollar Equivalent of such Lender’s USD/Multicurrency Revolving Exposure exceeding such Lender’s USD/Multicurrency Revolving Commitment, (ii) to make the aggregate Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier Equivalent of the USD/Multicurrency Revolving Credit Maturity Date with respect to Exposure of all Lenders exceeding the Dollar aggregate USD/Multicurrency Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and all Lenders or (iii) to make the Dollar Equivalent of the aggregate Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to Exposure exceeding the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit CommitmentSublimit. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid repaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject . Notwithstanding anything herein or in any other Loan Document to the conditions set forth herein and in contrary, (i) the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental proceeds of the Revolving Loans incurred by the Dutch Borrower will be made available solely to and received solely by the Dutch Borrower, (ii) the Dutch Borrower will not, and will not have any obligation to, guarantee the Obligations of the Parent Borrower, the Guarantors or any other obligor under the Loan Documents and (iii) the Dutch Borrower will not, and will not have any obligation to, pledge or otherwise ▇▇▇▇▇ ▇ ▇▇▇▇ on any of its assets with respect to any of the Obligations (including with respect to any Loans made to the Dutch Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans). (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Credit Agreement (Coty Inc.), Credit Agreement (Coty Inc.)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties set forth herein, : (i) each Lender with an Initial U.S. Term Loan Commitment agrees, severally and not jointly, (i) to make a Tranche D U.S. Term Loan, in Dollars, Loan to the U.S. Borrower on the Second Third Restatement Date, in a an aggregate principal amount not equal to exceed its Tranche D Initial U.S. Term Loan Commitment, . Amounts paid or prepaid in respect of U.S. Term Loans made on the Third Restatement Date may not be reborrowed. (ii) each Lender with a Cayman Term Loan Commitment agrees, severally and not jointly, to make Dollar a Cayman Term Loan to the Cayman Borrower on the Third Restatement Date, in an aggregate principal amount equal to its Cayman Term Loan Commitment. Amounts paid or prepaid in respect of Cayman Term Loans may not be reborrowed. (iii) Each Lender with an Initial Revolving Credit Commitment agrees, severally and not jointly, to make Revolving Loans to the Borrower, in Dollars, U.S. Borrower at any time and from time to time on or after the Second Third Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the U.S. Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid ; provided that if at any time more than one Class of Revolving Credit Commitments are outstanding, any such borrowing, payment, prepayment or prepaid in respect reborrowing shall be allocated ratably according to the Pro Rata Percentages of Term Loans may not be reborrowedeach Revolving Credit Lender without regard to the Class of Revolving Credit Commitments held by such Revolving Credit Lender. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agreesTerm Loan Commitment, severally and not jointly, on hereby agrees, subject to the terms and subject to conditions and relying upon the conditions representations and warranties set forth herein and in the applicable Incremental Assumption Agreement, to make Incremental Term Loans to the U.S. Borrower or Cayman Borrower, as applicable, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed. (c) Each Lender with an Incremental Revolving Credit Assumption AgreementCommitment agrees, severally and not jointly, to make Incremental Revolving Loans to the U.S. Borrower or Cayman Borrower, as applicable, at any time and from time to time on or after the date of effectiveness of the Incremental Revolving Credit Commitment, and until the earlier of the Incremental Revolving Credit Maturity Date and the termination of the Incremental Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower both Borrowers may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an ; provided that if at any time more than one Class of Incremental Term Loan Commitment hereby agreesRevolving Credit Commitments are outstanding, severally and not jointlyany such borrowing, on the terms and subject payment, prepayment or reborrowing shall be allocated ratably according to the conditions set forth herein and in the applicable Pro Rata Percentages of each Incremental Term Loan Assumption Agreement, to make Incremental Term Loans Revolving Credit Lender without regard to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect Class of Incremental Term Loans may not be reborrowedRevolving Credit Commitments held by such Incremental Revolving Credit Lender.

Appears in 2 contracts

Sources: Incremental Assumption Agreement and Third Amendment to Third Amended and Restated Credit Agreement (Lindblad Expeditions Holdings, Inc.), Credit Agreement (Lindblad Expeditions Holdings, Inc.)

Commitments. (a) From and including the Effective Date and prior to the Facility Termination Date, each Lender severally (and not jointly) agrees, on the terms and conditions set forth in this Agreement, to (i) make or allow there to be continued and converted Revolving Credit Loans denominated in any Syndicated Currency to the Company and (ii) participate in Swing Line Loans and Facility LCs issued upon the request of the Company, from time to time so long as after giving effect thereto (and to any other Credit Extension to be advanced or continued and to any concurrent repayment of Loans) (i) the USD Equivalent of the Aggregate Outstanding Revolving Credit Exposure of such Lender is equal to or less than its Revolving Credit Commitment, (ii) the USD Equivalent of the Aggregate Outstanding Revolving Credit Exposure of all Lenders does not exceed the Aggregate Revolving Credit Commitments and (iii) the USD Equivalent of the Aggregate Outstanding Credit Exposure of all Lenders does not exceed the Aggregate Commitments. Subject to the terms of this Agreement, the Company may borrow, repay and reborrow Revolving Credit Loans at any time prior to the Facility Termination Date. The Commitments to lend hereunder shall expire on the Facility Termination Date (or such earlier date as may be required pursuant to the provisions hereof). The LC Issuer will issue Facility LCs hereunder on the terms and conditions set forth in Section 2.19. (b) Subject to the terms and conditions set forth hereinof this Agreement and the applicable Alternate Currency Addendum, each Lender agreesfrom and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date (unless an earlier termination date shall be specified in the applicable Alternate Currency Addendum), the Agent and the applicable Alternate Currency Lenders severally (and not jointly) agree, on the terms and conditions set forth in this Agreement and in the applicable Alternate Currency Addendum, to make or allow there to be continued Alternate Currency Advances under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender's applicable Alternate Currency Commitment; provided, however, at no time shall (i) the USD Equivalent of the Aggregate Alternate Currency Commitments exceed $20,000,000, (ii) the USD Equivalent of the Alternate Currency Advances for any specific Alternate Currency exceed the aggregate of the Alternate Currency Commitments for that Alternate Currency, (iii) the USD Equivalent of the aggregate outstanding principal amount of the Alternate Currency Loans under any Alternate Currency Facility of any Lender exceed its Alternate Currency Commitment for such Alternate Currency Facility, and (iv) the USD Equivalent of the Aggregate Outstanding Credit Exposure of all Lenders exceed the Aggregate Commitments. Each Alternate Currency Advance shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender's respective Alternate Currency Share. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the Borrowers may borrow, repay and reborrow Alternate Currency Advances at any time prior to the Facility Termination Date. On the Facility Termination Date, the outstanding principal balance of the Alternate Currency Advances shall be paid in full by the applicable Borrower and prior to the Facility Termination Date prepayments of the Alternate Currency Advances shall be made by the applicable Borrower if and to the extent required by this Agreement. (c) If for any reason any applicable Alternate Currency Lender fails to make payment to the Agent of any amount due under this Agreement and the applicable Alternate Currency Addendum, the Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Alternate Currency Lender hereunder until the Agent receives such payment from such Alternate Currency Lender or such obligation is otherwise fully satisfied. In addition to the foregoing, if for any reason any Alternate Currency Lender fails to make payment to the Agent of any amount due under this Agreement and the applicable Alternate Currency Addendum, such Alternate Currency Lender shall be deemed, at the option of the Agent, to have unconditionally and irrevocably purchased from the applicable Agent, without recourse or warranty, an undivided interest in and participation in the applicable Alternate Currency Advance in the amount such Alternate Currency Lender was required to pay pursuant to this Agreement and the applicable Alternate Currency Addendum, and such interest and such participation may be recovered from such Alternate Currency Lender together with interest thereon at the rate per annum equal to the Agent's cost of funds for each day during the period commencing on the date of demand by the Agent and ending on the date such obligation is fully satisfied. (d) The Company may, by written notice to the Agent request the establishment of additional Alternate Currency Facilities in additional Alternate Currencies (other than Syndicated Currencies) provided the USD Equivalent of the aggregate amount of all of the Alternate Currency Commitments does not exceed $20,000,000 (“Request for a New Alternate Currency Facility”). The Agent will promptly forward to the Lenders any Request for a New Alternate Currency Facility received from the Company; provided each Lender shall be deemed not to have agreed to such request unless its written consent thereto has been received by the Agent within ten (10) Business Days from the date of such notification by the Agent to such Lender; provided, further that any written consent delivered after the passage of such ten (10) Business Day period shall be effective with respect to such Lender. In the event that at least one Lender consents to such Request for a New Alternate Currency Facility, upon execution of the applicable Alternate Currency Addendum and the other documents, instruments and agreements required pursuant to this Agreement and such Alternate Currency Addendum, the new Alternate Currency Facility shall be established. Upon the establishment of any Alternate Currency Facility under this Section 2.1(d), the relevant Borrower may, at its option and upon ten (10) Business Days prior written notice to the Agent, activate the Alternate Currency Commitments established under such Alternate Currency Facility, which notice shall specify the Alternate Currency Commitment which is being activated, the amount of such activation stated in USD and the requested date of activation. (Such activation notice may be provided to the Agent at the time of the Request for a New Alternate Currency Facility in the event the Borrower desires to activate the Alternate Currency Commitment immediately upon establishment of the Alternate Currency Facility in which case no waiting period shall be operative and only the advance notice period required by Section 2.3(b)(ii) shall be required). Upon activation of such Alternate Currency Commitment of any Alternate Currency Lender, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan CommitmentAlternate Currency Loans may be made under such Alternate Currency Facility, (ii) to make Dollar the amount of such Alternate Currency Lender's Revolving Loans to Credit Commitment shall be immediately reduced by the Borroweramount of such Lender's new Alternate Currency Commitment, in Dollars, at any time and from time to time on or after (iii) the Second Restatement DateAggregate Revolving Credit Commitments shall be immediately reduced by the aggregate amount of such Alternate Currency Commitments, and until (iv) the earlier Pro Rata Share of the Revolving Credit Maturity Date with respect to Commitment of each Lender shall be recalculated by the Dollar Agent taking into effect the reduced Revolving Credit Commitment of such Lender Alternate Currency Lender. After activation of any Alternate Currency Commitment, the Borrower may from time to time thereafter deactivate such Alternate Currency Commitment upon ten (10) Business Days prior written notice to the Agent, specifying the Alternate Currency Commitment which is being deactivated, the amount of the Alternate Currency Commitment being deactivated stated in USD and the termination requested date of such deactivation. Upon deactivation of such Alternate Currency Commitment of any Alternate Currency Lender, (i) the amount of such Alternate Currency Lender's Revolving Credit Commitment shall be immediately increased by the amount of such Lender's Alternate Currency Commitment deactivated, (ii) the Aggregate Revolving Credit Commitments shall be immediately increased by the aggregate amount of such Alternate Currency Commitments deactivated, and (iii) the Pro Rata Share of the Dollar Revolving Credit Commitment of such each Lender in accordance with shall be recalculated by the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Agent taking into effect the increased Aggregate Revolving Credit Commitments. The Agent shall, upon any activation or deactivation under this Section 2.1(d), distribute a revised Schedule 1.1 (a) to all of the Lenders which shall indicate each Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar 's Revolving Credit Commitment and, if any, Alternate Currency Commitments, together with such Lender's Pro Rata Share of the Aggregate Commitments and (iiiAggregate Revolving Credit Commitments, which new Schedule 1.1(a) to make Multicurrency Revolving Loans to the Borrower, in Dollars or shall automatically supersede any Alternative Currency, at any time prior Schedule 1.1(a). Alternate Currency Commitments may be reactivated and deactivated from time to time on pursuant to this Section 2.1(d). (e) Except as otherwise required by applicable law, in no event shall the Agent or after Alternate Currency Lenders have the Second Restatement Dateright to accelerate the Alternate Currency Advances outstanding under any Alternate Currency Addendum or to terminate their Alternate Currency Commitments (if any), except that such Agent and Alternate Currency Lenders shall, in each case, have such rights upon an acceleration of the Loans and a termination of the Commitments pursuant to Section 8.1. (f) Immediately and automatically upon the occurrence of a Default under Sections 7.6 or 7.7, (A) each Lender shall be deemed to have unconditionally and irrevocably purchased from each Alternate Currency Lender, without recourse or warranty, an undivided interest in and participation in each Alternate Currency Loan ratably in accordance with such Lender's Pro Rata Share of the Aggregate Commitments, (B) immediately and automatically all Alternate Currency Loans shall be converted to and redenominated in USD equal to the USD Equivalent of each such Alternate Currency Loan determined as of the date of such conversion, and until (C) each Alternate Currency Lender shall be deemed to have unconditionally and irrevocably purchased from each Lender, without recourse or warranty, an undivided interest in and participation in each Revolving Credit Loan and each LC Obligation ratably in accordance with such Lender's Pro Rata Share of the earlier Aggregate Commitments. Each of the Lenders shall pay to the applicable Alternate Currency Lender not later than two (2) Business Days following a request for payment from such Lender, in USD, an amount equal to the undivided interest in and participation in the Alternate Currency Loan purchased by such Lender pursuant to this Section 2.1(f), and each of the Alternate Currency Lenders shall pay to the applicable Lender not later than two (2) Business Days following a request for payment from such Lender, in USD, an amount equal to the undivided interest in and participation in the Revolving Credit Maturity Date Loans and LC Obligations purchased by such Alternate Currency Lender pursuant to this Section 2.1(f), it being the intent of the Lenders that following such equalization payments, each Lender shall hold its Pro Rata Share of the Aggregate Outstanding Credit Exposure based on its Pro Rata Share of the Aggregate Commitments. In the event that any Lender fails to make payment to any other Lender of any amount due under this Section 2.1(f), the Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Lender hereunder until the Agent receives from such Lender an amount sufficient to discharge such Lender's payment obligation as prescribed in this Section 2.1(f) together with respect interest thereon at the rate per annum equal to the Multicurrency Revolving Credit Commitment Agent's cost of such Lender and funds for each day during the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, period commencing on the terms date of demand by the Agent and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, ending on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborroweddate such obligation is fully satisfied.

Appears in 2 contracts

Sources: Credit Agreement (Kelly Services Inc), Credit Agreement (Kelly Services Inc)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, : (i) to make a Tranche D Term Loan, in Dollars, A Loan to Borrower at any time prior to the Borrower on the Second Restatement Tranche A Commitment Termination Date, in an amount equal to the portion of such Lender's Tranche A Commitment as requested by Borrower to be made on such day (subject to a maximum of one drawing) in the aggregate principal amount not to exceed at any time its outstanding Tranche D Term Loan Commitment, A Commitment and (ii) to make Dollar Tranche B Loans to Borrower at any time prior to the Tranche B Commitment Termination Date, in an amount equal to the portion of such Lender's Tranche B Commitment as requested by Borrower to be made on such day (subject to a maximum of two total drawings, the first of which shall be made on the Initial Funding Date) in the aggregate principal amount not to exceed at any time its outstanding Tranche B Commitment; and (b) to make Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and Initial Funding Date until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Lender's Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar 's Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence clause (b) above and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Credit Agreement (Adesa Inc), Credit Agreement (Adesa Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, agrees (ia) to make a Tranche D A Term Loan, Loan denominated in Dollars, Dollars to the U.S. Borrower on the Second Restatement Date, Closing Date in a principal amount not to exceed its exceeding such Lender's Tranche D A Term Loan Commitment, (iib) to make Dollar Revolving Loans a Tranche B-1 Term Loan denominated in Dollars to the BorrowerU.S. Borrower on the Closing Date in a principal amount not exceeding such Lender's Tranche B-1 Term Loan Commitment, (c) to make a Tranche B-2 Term Loan denominated in Euros to the U.S. Borrower on the Closing Date in a principal amount having a Dollar Equivalent not exceeding such Lender's Tranche B-2 Term Loan Commitment, (d) to make (i) Global Revolving Facility Loans denominated in Dollars to the U.S. Borrower from its U.S. Lending Office and (ii) Global Revolving Facility Loans denominated in Dollars or Foreign Currencies to Foreign Subsidiary Borrowers from its Global Lending Office, in Dollars, at any time the case of clauses (i) and (ii) from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in (A) such Lender's Global Revolving Facility Credit Exposure exceeding (1) such Lender’s Dollar 's Global Revolving Facility Commitment minus (2) such Lender's Ancillary Commitment or (B) the Global Revolving Facility Credit Exposure exceeding (1) the total Global Revolving Facility Commitments minus (2) the total Ancillary Commitments, and (e) to make U.S. Revolving Facility Loans denominated in Dollars to the U.S. Borrower from its U.S. Lending Office from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender's U.S. Revolving Facility Credit Exposure exceeding such Lender’s Dollar 's U.S. Revolving Credit Facility Commitment and or (iiiii) to make Multicurrency the U.S. Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Facility Credit Exposure exceeding such Lender’s Multicurrency the total U.S. Revolving Credit CommitmentFacility Commitments; provided that Revolving Loans made on the Closing Date (x) shall be made only to the U.S. Borrower and (y) shall not exceed $12,000,000 in aggregate principal amount. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid repaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Credit Agreement (TRW Automotive Inc), Credit Agreement (TRW Automotive Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender severally, each Lender agrees, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Date, Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, ; (ii) each Initial Revolving Lender severally, and not jointly, agrees to make Dollar Revolving Loans to the Borrower in Dollars as may be requested by the Borrower, in Dollars, at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and Commitment; and (iii) each Initial Delayed Draw Term Lender severally, and not jointly, agrees to make Multicurrency Revolving Initial Delayed Draw Term Loans to the Borrower, Borrower in Dollars or any Alternative Currency, in a principal amount not to exceed its Initial Delayed Draw Term Loan Commitment at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of (i) the Revolving Credit Maturity Initial Delayed Draw Term Loan Commitment Termination Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and (ii) the termination of the Multicurrency Revolving Credit Initial Delayed Draw Term Loan Commitment of such Initial Delayed Draw Term Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Initial Delayed Draw Term Loans and Initial Term Loans are the same Class of Term Loans for all purposes under this Agreement. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower Revolving Loans may borrowconsist of ABR Loans, pay LIBO Rate Loans, or prepay a combination thereof, and reborrow Revolving Loansmay be borrowed, paid, repaid and reborrowed. Amounts paid or prepaid in respect of Term the Initial Loans may not be reborrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment, or Incremental Facility Amendment, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Additional Loans of such Class to the Borrower, in an aggregate principal amount which Loans shall not exceed for any such Lender at the time of any time outstanding that will not result in incurrence thereof the Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the termsapplicable Refinancing Amendment, conditions and limitations set forth herein, the Borrower may borrow, pay Extension Amendment or prepay and reborrow Incremental Revolving LoansFacility Amendment. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Credit Agreement (Definitive Healthcare Corp.), Credit Agreement (Definitive Healthcare Corp.)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, Loan to the Borrower on the Second Restatement Date, Closing Date in a principal amount not to exceed its Tranche D Term Loan Commitment, and (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Datedate hereof, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject Subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agreesTerm Loan Commitment, severally and not jointly, on hereby agrees, subject to the terms and subject to conditions and relying upon the conditions representations and warranties set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed. (c) Each Lender having an Incremental Revolving Credit Commitment, severally and not jointly, hereby agrees, subject to the terms and conditions and relying upon the representations and warranties set forth herein and in the applicable Incremental Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Revolving Credit Commitment. The Borrower may borrow, pay or prepay and reborrow Revolving Loans.

Appears in 2 contracts

Sources: Credit Agreement (AssetMark Financial Holdings, Inc.), Credit Agreement (AssetMark Financial Holdings, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, each US Tranche Revolving Lender agrees, severally and not jointly, (i) agrees to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of during the Revolving Credit Maturity Date with respect Availability Period to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender Borrowers Loans denominated in accordance with the terms hereof, US Dollars in an aggregate principal amount at any time outstanding that will not result in (i) such Revolving Credit Lender’s Dollar US Tranche Revolving Credit Exposure exceeding such Lender’s Dollar US Tranche Revolving Credit Commitment or (ii) the Aggregate US Tranche Revolving Exposure exceeding the Aggregate US Tranche Revolving Commitment. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow US Tranche Revolving Loans. (iiib) Subject to the terms and conditions set forth herein, each European Tranche Revolving Lender agrees to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of during the Revolving Credit Maturity Date with respect Availability Period to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender Borrowers Loans denominated in accordance with the terms hereofUS Dollars, Euro or Sterling in an aggregate principal amount at any time outstanding that would will not result in (i) such Revolving Credit Lender’s Multicurrency European Tranche Revolving Credit Exposure exceeding such Lender’s Multicurrency European Tranche Revolving Credit Commitment or (ii) the Aggregate European Tranche Revolving Exposure exceeding the Aggregate European Tranche Revolving Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental European Tranche Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agreesCommitments of one or more Classes may be established as provided in Section 2.21, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, thereunder shall be made in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowedaccordance with such Section.

Appears in 2 contracts

Sources: Credit Agreement (TripAdvisor, Inc.), Credit Agreement (TripAdvisor, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, each Term Lender with a Closing Date Term Commitment agrees, severally and not jointly, to make Closing Date Term Loans on the Closing Date in Dollars to (i) OPC in a principal amount not to exceed the OPC Closing Portion of such Term Lender’s Closing Date Term Commitment, (ii) OBI in a principal amount not to exceed the OBI Closing Portion of such Term Lender’s Closing Date Term Commitment, (iii) OBII in an principal amount not to exceed the OBII Closing Portion of such Term Lender’s Closing Date Term Commitment and (iv) Valkyrie in a principal amount not to exceed the Valkyrie Closing Portion of such Term Lender’s Closing Date Term Commitment, Amounts paid or prepaid in respect of the Closing Date Term Loans may not he reborrowed. Subject to the terms and conditions set forth herein, each Revolving Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, Borrowers in Dollars, at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Revolving Loans the Outstanding Amount of such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding shall not exceed such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay repay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of the Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on On the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth hereinFirst Amendment Effective Date, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an 2016 Incremental Term Loan Commitment hereby agrees, severally and not jointly, on shall be funded in accordance with the terms and subject to of the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowedFirst Amendment.

Appears in 2 contracts

Sources: Credit Agreement (Osmotica Pharmaceuticals PLC), Credit Agreement (Osmotica Pharmaceuticals LTD)

Commitments. (a) Subject to the terms and conditions set forth herein, each US Tranche Lender agrees, severally and not jointly, (i) agrees to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after during the Second Restatement Date, and until the earlier of the Availability Period US Tranche Revolving Credit Maturity Date with respect Loans in US Dollars to the Dollar Revolving Credit Commitment of such Lender Company and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Borrowing Subsidiaries in an aggregate principal amount at any time outstanding that will not result in (i) such Revolving Credit Lender’s Dollar US Tranche Revolving Credit Exposure exceeding such Lender’s Dollar US Tranche Commitment, (ii) the sum of the total US Tranche Revolving Credit Commitment and Exposures exceeding the total US Tranche Commitments or (iii) the sum of the total Revolving Credit Exposures plus the total Competitive Loan Exposures exceeding the total Commitments. (b) Subject to the terms and conditions set forth herein, each Multicurrency Tranche Lender agrees to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on during the Availability Period Multicurrency Tranche Revolving Loans in US Dollars or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect a Designated Foreign Currency to the Multicurrency Revolving Credit Commitment of such Lender Company and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding Borrowing Subsidiaries that would will not result in (i) such Revolving Credit Lender’s Multicurrency Tranche Revolving Credit Exposure exceeding such Lender’s Multicurrency Tranche Commitment, (ii) the sum of the total Multicurrency Tranche Revolving Credit Commitment. Exposures exceeding the total Multicurrency Tranche Commitments or (iii) the sum of the total Revolving Credit Exposures plus the total Competitive Loan Exposures exceeding the total Commitments. (c) Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowedduring the Availability Period. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Five Year Credit Agreement (Kellogg Co), Credit Agreement (Kellogg Co)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, agrees (ia) to make a Tranche D A Term Loan, Loan denominated in Dollars, dollars to the Borrower on the Second Restatement Date, Effective Date in a principal amount not to exceed exceeding its Tranche D A Term Loan Commitment, (iib) to make Dollar a Tranche B Term Loan denominated in dollars to the Borrower on the Effective Date in a principal amount not exceeding its Tranche B Term Commitment, (c) to make Revolving Loans denominated in dollars to the Borrower, in Dollars, at any time and Borrower from time to time on or after the Second Restatement Datetime, and until the earlier of in each case during the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereofAvailability Period, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment or the Aggregate Dollar Revolving Exposure exceeding the Aggregate Dollar Revolving Commitment and (iiid) to make Multicurrency Revolving Loans denominated in dollars or in any Permitted Foreign Currency to the Borrower, in Dollars or any Alternative Currency, at any time and Borrower from time to time on or after the Second Restatement Datetime, and until the earlier of in each case during the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereofAvailability Period, in an aggregate principal amount at any time outstanding that would will not result in such Revolving Credit Lender’s Multicurrency Multi-Currency Revolving Credit Exposure exceeding such Lender’s Multicurrency Multi-Currency Revolving Credit Commitment or the Aggregate Multi-Currency Revolving Exposure exceeding the Aggregate Multi-Currency Revolving Commitment; provided that in the case of clauses (c) and (d) above, the aggregate principal amount of Revolving Loans made by the Revolving Lenders to the Borrower on the Effective Date shall not exceed $50,000,000. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid repaid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject . Notwithstanding anything to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth contrary contained herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. funded portion of each (ci) Each Lender having an Incremental Tranche A Term Loan Commitment hereby agrees(i.e., severally and not jointly, the amount advanced in cash to the Borrower on the terms Effective Date) shall be equal to 99.50% to 99.75% (as separately agreed between the Borrower and subject the Administrative Agent) of the principal amount of such Tranche A Term Loan (it being agreed that the Borrower shall be obligated to repay 100.00% of the principal amount of each such Tranche A Term Loan, the Tranche A Term Loans shall amortize based on 100.00% of the principal amount of each Tranche A Term Loan and interest shall accrue on 100.00% of the principal amount of each such Tranche A Term Loan, in each case as provided herein) and (ii) Tranche B Term Loan (i.e., the amount advanced in cash to the conditions set forth herein and in Borrower on the applicable Incremental Effective Date) shall be equal to 99.75% of the principal amount of such Tranche B Term Loan Assumption Agreement(it being agreed that the Borrower shall be obligated to repay 100.00% of the principal amount of each such Tranche B Term Loan, to make Incremental the Tranche B Term Loans to shall amortize based on 100.00% of the Borrowerprincipal amount of each Tranche B Term Loan and interest shall accrue on 100.00% of the principal amount of each such Tranche B Term Loan, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowedeach case as provided herein).

Appears in 2 contracts

Sources: Credit Agreement (Allegion PLC), Credit Agreement (Allegion PLC)

Commitments. (a) Subject to the terms and conditions set forth herein and relying upon the representations and warranties set forth herein, : (i) each Tranche A-1 Term Loan Lender agrees, severally and not jointly, (i) to make a Tranche D A-1 Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Date, Closing Date in a principal amount not to exceed its Tranche D A-1 Term Loan Commitment, ; and (ii) each Tranche A-2 Term Loan Lender agrees, severally and not jointly, to make Dollar Tranche A-2 Term Loans to the Borrower on the Closing Date in a principal amount not to exceed its Tranche A-2 Term Loan Commitment. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Subject to the terms and conditions and relying upon the representations and warranties set forth herein, each Revolving Credit Lender agrees, severally and not jointly, to make Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Closing Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on subject to the terms and subject to conditions and relying upon the conditions representations and warranties set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, Borrower in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed. (d) Notwithstanding anything in this Agreement to the contrary, no more than seven (7) Classes of Loans and seven (7) Classes of Commitments shall be outstanding at any one time.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement (Enviva Partners, LP)

Commitments. (a) Subject to the terms and conditions set forth herein, each Term Lender agrees, severally and not jointly, to make Term Loans on the Closing Date in Dollars to (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, OPC in a principal amount not to exceed its Tranche D the OPC Portion of such Term Loan Lender’s Term Commitment, (ii) OBI in a principal amount not to exceed the OBI Portion of such Term Lender’s Term Commitment, (iii) OBII in an principal amount not to exceed the OBII Portion of such Term Lender’s Term Commitment and (iv) Valkyrie in a principal amount not to exceed the Valkyrie Portion of such Term Lender’s Term Commitment. Subject to the terms and conditions set forth herein, each Revolving Lender agrees, severally and not jointly, to make Dollar Revolving Loans to the Borrower, Borrowers in Dollars, at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Revolving Loans the Outstanding Amount of such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding shall not exceed such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay repay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of the Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on Subject to the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption of this Agreement, to make Incremental Revolving Loans to the Borrower, in each Additional Lender with an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Additional Term Commitment for a given Class of Incremental Term Loan Commitment hereby agrees, Loans severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, agrees to make Incremental Term Loans to the BorrowerBorrowers, in an aggregate principal amount which Incremental Term Loans shall not to exceed its for any such Additional Lender at the time of any incurrence thereof, the Additional Term Commitment of such Additional Lender for such Class on the respective Incremental Term Loan CommitmentBorrowing Date. Amounts paid repaid or prepaid in respect of such Incremental Term Loans may not be reborrowed.

Appears in 2 contracts

Sources: Credit Agreement (Osmotica Pharmaceuticals PLC), Credit Agreement (Osmotica Pharmaceuticals LTD)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth herein, each Lender agrees, severally and not jointly, forth: (i) each Revolving Loan Lender severally agrees to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, Borrowers at any time and from time to time on or after from the Second Restatement Effective Date to the Final Maturity Date, and or until the earlier reduction of the Revolving Credit Maturity Date with respect to the Dollar its Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender to zero in accordance with the terms hereof, in an aggregate principal amount of Revolving Loans at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding to exceed the amount of such Lender’s Dollar Revolving Credit Commitment and Commitment; (iiiii) each Initial Term Loan Lender severally agrees to make Multicurrency Revolving Loans the Initial Term Loan to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time Borrowers on or after the Second Restatement Effective Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount equal to the amount of such Initial Term Loan Lender’s Initial Term Loan Commitment; and (iii) each Delayed Draw Term Loan Lender severally agrees to make the Delayed Draw Term Loans to the Borrower on any Business Day prior to the DDTL Commitment Expiration Date in Dollars in a principal amount not to exceed its Delayed Draw Term Loan Commitment; provided that the Delayed Draw Term Loans shall be advanced to the Borrower in a single draw. (b) Notwithstanding the foregoing: (i) No Revolving Loans will be advanced on the Effective Date. (ii) Immediately after the Effective Date, the aggregate principal amount of Revolving Loans outstanding at any time outstanding that would to the Borrowers shall not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency exceed the Total Revolving Credit Commitment. The Revolving Credit Commitment of each Lender shall automatically and permanently be reduced to zero on the Final Maturity Date. Within the limits set forth in foregoing limits, the preceding sentence Borrowers may borrow, repay and reborrow Revolving Loans, immediately after the Effective Date and prior to the Final Maturity Date, subject to the terms, conditions provisions and limitations set forth herein, . (iii) The aggregate principal amount of the Borrower may borrow, pay or prepay and reborrow Revolving LoansInitial Term Loan made on the Effective Date shall not exceed the Total Initial Term Loan Commitment. Amounts paid Any principal amount of the Initial Term Loan which is repaid or prepaid in respect of Term Loans may not be reborrowed. (biv) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an The aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within of the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Delayed Draw Term Loans to made hereunder shall not exceed the Borrower, in an aggregate principal amount not to exceed its Incremental Total Delayed Draw Term Loan Commitment. Amounts paid Any principal amount of the Delayed Draw Term Loans which is repaid or prepaid in respect of Incremental Term Loans may not be reborrowed. (v) The aggregate principal amount of all Loans outstanding at any time to the Borrowers shall not exceed the Total Commitment.

Appears in 2 contracts

Sources: Financing Agreement (Xponential Fitness, Inc.), Financing Agreement (Xponential Fitness, Inc.)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, Loan to the Borrower on the Second Restatement Date, Closing Date in a principal amount not equal to exceed its Tranche D Term Loan Commitment, Commitment and (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and Borrower from time to time on or after the Second Restatement Closing Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in clause (ii) of the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an a Refinancing Term Loan Commitment, Refinancing Revolving Credit Commitment, Incremental Term Loan Commitment or Incremental Revolving Credit Commitment hereby agreesCommitment, severally and not jointly, on hereby agrees, subject to the terms and subject to conditions and relying upon the conditions representations and warranties set forth herein and in the applicable Incremental Revolving Credit Assumption AgreementAgreement or Refinancing Amendment, to make Incremental Term Loans, Incremental Revolving Credit Loans, Refinancing Revolving Credit Loans or Refinancing Term Loans, as applicable, to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental equal to its Refinancing Term Loan Commitment, Refinancing Revolving Credit Exposure exceeding such Lender’s Commitment, Incremental Term Loan Commitment or Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitmentas applicable. Amounts paid or prepaid in respect of Incremental Term Loans or Refinancing Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (RCS Capital Corp)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, (i) agrees to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and Borrower from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in (a) such Revolving Credit Lender’s Dollar 's Revolving Credit Exposure exceeding such Lender’s Dollar 's Revolving Loan Commitment or (b) the sum of the total Revolving Credit Commitment Exposures exceeding the total Revolving Loan Commitments. Subject to the terms and (iii) conditions hereof, each Lender severally agrees to make Multicurrency Revolving Loans a Term Loan to the Borrower, Borrower on the Effective Date in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment principal amount of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit 's Term Loan Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid Each Lender's agreement to make Revolving Loans denominated in Foreign Currency and to issue and participate in Foreign Currency Letters of Credit is subject to (1) such Foreign Currency being readily available to the Administrative Agent and to all Lenders and being freely transferable and freely convertible to dollars in the London foreign exchange market, and (2) Reuters (or prepaid any successor thereto) reporting a LIBO Rate for such Foreign Currency (with a BBSY rate for Australian dollars and CDOR for Canadian dollars) relating to the applicable Interest Period. In no event shall (x) the aggregate amount of Revolving Loans denominated in respect Foreign Currency plus the LC Exposure for Foreign Currency Letters of Term Loans may not be reborrowed. Credit exceed the Foreign Currency Sublimit, or (by) Each Lender having an Incremental any Lender's Revolving Credit Commitment hereby agreesExposure for Revolving Loans denominated in Foreign Currency plus such Lender's LC Exposure for Foreign Currency Letters of Credit exceed such Lender's Foreign Currency Commitment, severally in each case determined on each Currency Valuation Date. Pursuant to Chapter 346 (“Chapter 346”) of the Texas Credit Code, the Borrower, the Administrative Agent and the Lenders expressly agree that Chapter 346 shall not jointly, on apply to the terms Notes or to any Revolving Loan evidenced by the Notes and that neither the Notes nor any such Revolving Loan shall be governed by or subject to the conditions set forth herein and provisions of Chapter 346 in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loansmanner whatsoever. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Hines Global REIT, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, agrees (a) to make (i) to make a Tranche D Term Loan, Global Revolving Facility Loans denominated in Dollars, Dollars to the U.S. Borrower on the Second Restatement Date, in a principal amount not to exceed from its Tranche D Term Loan Commitment, U.S. Lending Office and (ii) Global Revolving Facility Loans denominated in Dollars or Foreign Currencies to make Dollar Revolving Loans to the BorrowerForeign Subsidiary Borrowers from its Global Lending Office, in Dollars, at any time the case of clauses (i) and (ii) from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in (A) such Lender's Global Revolving Facility Credit Exposure exceeding (1) such Lender’s Dollar 's Global Revolving Facility Commitment minus (2) such Lender's Ancillary Commitment or (B) the Global Revolving Facility Credit Exposure exceeding (1) the total Global Revolving Facility Commitments minus (2) the total Ancillary Commitments, and (b) to make U.S. Revolving Facility Loans denominated in Dollars to the U.S. Borrower from its U.S. Lending Office from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender's U.S. Revolving Facility Credit Exposure exceeding such Lender’s Dollar 's U.S. Revolving Credit Facility Commitment and or (iiiii) to make Multicurrency the U.S. Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Facility Credit Exposure exceeding such Lender’s Multicurrency the total U.S. Revolving Credit CommitmentFacility Commitments. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Subject to the terms and conditions set forth herein and in the Third Amendment and Restatement Agreement, each Lender having a Tranche E Term Loan Commitment made a Tranche E Term Loan to the U.S. Borrower on the Restatement Effective Date in a principal amount equal to its Tranche E Term Loan Commitment. All Tranche A-1 Term Loans, Tranche D Term Loans, Revolving Loans, Swingline Loans and Letters of Credit outstanding under the Existing Credit Agreement on the Restatement Effective Date shall remain outstanding hereunder on the terms set forth herein. Amounts paid or prepaid repaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (TRW Automotive Holdings Corp)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender with a Tranche A Commitment agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, A Loan available to the Borrower on the Second Restatement a Borrowing Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the BorrowerU.S. Dollars, in Dollarsthe amount of such Lender’s Relevant Percentage of the requested Borrowing, at on any time and from time to time one or more New York Business Days on or after before the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Commitment Termination Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount up to and including, but not to exceed, as to each such Lender, the aggregate principal amount of such Lender’s Tranche A Commitment (taking into account any Tranche A Loans previously disbursed by such Lender at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, Effective Date and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowedyet repaid). (b) Each Subject to the terms and conditions and relying upon the representations and warranties herein set forth, each Lender having an Incremental Revolving Credit with a Tranche B Commitment hereby agrees, severally and not jointly, on the terms and subject to make a Tranche B Loan available to the conditions set forth herein and Borrower on a Borrowing Date, in U.S. Dollars, in the applicable Incremental Revolving Credit Assumption Agreementamount of such Lender’s Relevant Percentage of the requested Borrowing, to make Incremental Revolving Loans to on any one or more New York Business Days on or before the Borrower, Commitment Termination Date in an aggregate principal amount up to and including, but not to exceed, as to each such Lender, the aggregate principal amount of such Lender’s Tranche B Commitment (taking into account any Tranche B Loans previously disbursed by such Lender at any time outstanding that will after the Effective Date and not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loansyet repaid). (c) Each Subject to the terms and conditions and relying upon the representations and warranties herein set forth, each Lender having an Incremental Term Loan with a Tranche C Commitment hereby agrees, severally and not jointly, on the terms and subject to make a Tranche C Loan available to the conditions set forth herein and Borrower on a Borrowing Date, in U.S. Dollars, in the applicable Incremental Term Loan Assumption Agreementamount of such Lender’s Relevant Percentage of the requested Borrowing, to make Incremental Term Loans to on any one or more New York Business Days on or before the Borrower, Commitment Termination Date in an aggregate principal amount up to and including, but not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect exceed, as to each such Lender, the aggregate principal amount of Incremental Term such Lender’s Tranche C Commitment (taking into account any Tranche C Loans may previously disbursed by such Lender at any time after the Effective Date and not be reborrowedyet repaid).

Appears in 1 contract

Sources: Export Prepayment Facility Agreement (Votorantim Pulp & Paper Inc)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties set forth herein, each : (a) Each Lender with an Initial Revolving Credit Commitment agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, Borrower at any time and from time to time on or after the Second Restatement Closing Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid ; provided that if at any time more than one Class of Revolving Credit Commitments are outstanding, any such borrowing, payment, prepayment or prepaid in respect reborrowing shall be allocated ratably according to the Pro Rata Percentages of Term Loans may not be reborrowedeach Lender without regard to the Class of Revolving Credit Commitments held by such Lender. (b) Each Lender having with an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the BorrowerBorrower at any time and from time to time on or after the date of effectiveness of the Incremental Revolving Credit Commitment, and until the earlier of the Incremental Maturity Date and the termination of the Incremental Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an ; provided that if at any time more than one Class of Incremental Term Loan Commitment hereby agreesRevolving Credit Commitments are outstanding, severally and not jointlyany such borrowing, on the terms and subject payment, prepayment or reborrowing shall be allocated ratably according to the conditions set forth herein and in the applicable Pro Rata Percentages of each Incremental Term Loan Assumption Agreement, to make Incremental Term Loans Lender without regard to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect Class of Incremental Term Loans may not be reborrowedRevolving Credit Commitments held by such Incremental Lender.

Appears in 1 contract

Sources: Revolving Credit Agreement (Lindblad Expeditions Holdings, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender severally, each Lender agrees, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Date, Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, ; (ii) each Revolving Lender severally, and not jointly, agrees to make Dollar Revolving Loans to the Borrower, Borrower in Dollars, if applicable, at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Initial Revolving Credit Commitment and Commitment; and (iii) each Initial Delayed Draw Term Lender severally, and not jointly, agrees to make Multicurrency Revolving Initial Delayed Draw Term Loans to the Borrower, Borrower in Dollars or any Alternative Currency, in a principal amount not to exceed its Initial Delayed Draw Term Loan Commitment at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of (i) the Revolving Credit Maturity Initial Delayed Draw Term Loan Commitment Termination Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and (ii) the termination of the Multicurrency Revolving Credit Initial Delayed Draw Term Loan Commitment of such Initial Delayed Draw Term Lender in accordance with the terms hereof. The Initial Delayed Draw Term Loans and Initial Term Loans are the same Class of Term Loans for all purposes under this Agreement. On the Initial Delayed Draw Term Loan Commitment Termination Date, to the extent requested by the Borrower in accordance with Section 2.03, the Initial Delayed Draw Term Loans may be borrowed in an aggregate principal amount at not to exceed any time outstanding that would not result in unused Initial Delayed Draw Term Loan Commitment as of the date of such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Borrowing. (iv) Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term the Initial Loans may not be reborrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Incremental Facility Amendment, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject agrees to make Additional Loans of such Class to the conditions Borrower, which Loans shall not exceed for any such Lender at the time of any incurrence thereof the Additional Commitment of such Class of such Lender as set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving LoansFacility Amendment. (c) Each Lender having Administrative Agent may from time to time classify all or any portion of outstanding Initial Delayed Draw Term Loans, in each case in a minimum principal amount of $5,000,000, as a separate tranche of Term Loans, each of which shall be deemed separate and independent tranches of term loans from the other Term Loans hereunder; provided, that once so classified, a separate and independent tranche of Initial Delayed Draw Term Loans shall not be subject to reclassification hereunder. In connection with any such classification (v) the applicable Initial Delayed Draw Term Loans shall be given a numerical designation in ascending order based on the date such Initial Delayed Draw Term Loans are so classified (on an Incremental earliest to latest basis, for example, DDTL-1, DDTL-2, DDTL-3, etc.), which numerical designation shall apply to such Initial Delayed Draw Term Loans for all purposes of this Agreement and the other Loan Documents to separately identify that particular tranche of Initial Delayed Draw Term Loans from the other tranches of Initial Delayed Draw Term Loans funded under the Initial Delayed Draw Term Loan Commitment hereby agreesCommitment, severally and not jointly, on the terms and subject to the conditions set forth each reference herein and in the applicable Incremental other Loan Documents to “Initial Delayed Draw Term Loan Assumption Agreement, to make Incremental Loans,” “each Initial Delayed Draw Term Loan,” “an Initial Delayed Draw Term Loan,” “any Initial Delayed Draw Term Loan” or similar reference shall mean a particular tranche of the Initial Delayed Draw Term Loans (applicable to all such tranches equally unless specifically set forth otherwise herein (for example, separate amortization schedules for each such tranche as determined in accordance with the Borrowerterms of Section 2.10 hereof) or in the applicable Loan Document), (w) the Administrative Agent shall update the Register to reflect any such classification and shall promptly inform the Lenders holding Initial Delayed Draw Term Loans of any such classification, (x) all such tranches of Initial Delayed Draw Term Loans shall rank pari passu with one another in an aggregate principal amount not right of payment and of security (including, without limitation, with respect to exceed its Incremental scheduled amortization payments, interest payments, voluntary prepayments, mandatory prepayments and Sections 2.18(b)) and shall share in all payments made on account of the Initial Delayed Draw Term Loan Commitment. Amounts paid or prepaid Loans pro rata based on the applicable amounts owing in respect of Incremental each tranche of Initial Delayed Draw Term Loans, (y) each such tranche of Initial Delayed Draw Term Loans may not be reborrowedtrade separate from each other tranche of Initial Delayed Draw Term Loans and (z) except for the separate amortization schedules for each such tranche of Initial Delayed Draw Term Loans as determined in accordance with the terms of Section 2.10 hereof, each tranche of Initial Delayed Draw Term Loans shall have terms identical to the other Initial Delayed Draw Term Loans hereunder. Each such separate tranche of Initial Delayed Draw Term Loans shall constitute a separate and distinct Term Loan and a separate and distinct Loan for all purposes of this Agreement and the other Loan Documents. With respect to a particular tranche of Initial Delayed Draw Term Loans, the term “Initial Delayed Draw Term Loan” shall refer to the aggregate amount of such tranche of Initial Delayed Draw Term Loans funded to the Borrower when used in the context of all Initial Delayed Draw Term Lenders collectively and a particular Initial Delayed Draw Term Lender’s portion of the aggregate amount of such tranche of Initial Delayed Draw Term Loans when used in the context of an individual Initial Delayed Draw Term Lender.

Appears in 1 contract

Sources: Credit Agreement (First Watch Restaurant Group, Inc.)

Commitments. (a) Subject to Each Tranche A Incremental Facility Revolving Credit Lender severally agrees, on the terms and conditions set forth hereinof the Amendment and Restatement and this Incremental Facility Agreement, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, loans to the Borrower on Borrowers in Dollars during the Second Restatement Date, in a principal amount period from and including the Tranche A Incremental Revolving Facility Effective Date to but not to exceed its including the Tranche D Term Loan Commitment, (ii) to make Dollar A Incremental Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Facility Termination Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any one time outstanding that will up to but not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier amount of the Revolving Credit Maturity Date with respect to the Multicurrency Tranche A Incremental Facility Revolving Credit Commitment of such Lender and as in effect from time to time, provided that in no event shall the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such of all Tranche A Incremental Facility Revolving Credit Lender’s Multicurrency Loans, together with the aggregate amount of all Letter of Credit Liabilities in respect of Tranche A Incremental Facility Letters of Credit, exceed the aggregate amount of the Tranche A Incremental Facility Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit CommitmentCommitments as in effect from time to time. Within the limits set forth in the preceding sentence and subject Subject to the termsterms and conditions of the Amendment and Restatement, conditions and limitations set forth herein, during such period the Borrower Borrowers may borrow, pay or prepay repay and reborrow Revolving Loans. Amounts paid or prepaid in respect the amount of Term Loans may not be reborrowed. (b) Each Lender having an the Tranche A Incremental Facility Revolving Credit Commitment hereby agrees, severally Commitments by means of Base Rate Loans and not jointly, on the terms Eurodollar Loans and subject to the conditions set forth herein and in the applicable may Convert Tranche A Incremental Facility Revolving Credit Assumption Agreement, to make Loans of one Type into Tranche A Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Facility Revolving Credit Exposure exceeding such Lender’s Loans of another Type (as provided in Section 2.09 of the Amendment and Restatement) or Continue Tranche A Incremental Facility Revolving Credit CommitmentLoans of one Type as Revolving Credit Loans of the same Type (as provided in Section 2.09 of the Amendment and Restatement). Within Proceeds of Tranche A Incremental Facility Revolving Credit Loans shall be available for any use permitted under Section 8.17(a) of the limits set forth in the preceding sentence Amendment and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving LoansRestatement. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Incremental Facility Agreement (Mediacom Broadband Corp)

Commitments. (a) Subject to the terms and conditions hereof and relying upon the representations and warranties set forth herein: (a) on the Closing Date, in accordance with and upon the terms and conditions set forth in the Restatement Agreement, (i) each Exchanging Term Lender (as defined in the Restatement Agreement) agrees to exchange all of its Existing Term Loans (as defined in the Restatement Agreement) with Term Loans hereunder in an equal principal amount and (ii) each Additional Term Lender (as defined in the Restatement Agreement) agrees to make Term Loans in the form of Additional Term Loans (as defined in the Restatement Agreement) in dollars to the Parent Borrower in an amount notified to such Additional Term Lender by the Administrative Agent; (b) [reserved]; and US-DOCS\155682452.9 US-DOCS\155682452.9 (c) each Revolving Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar fund Revolving Loans in dollars or an Alternative Currency to the Borrower, in Dollarsone or more Borrowers, at any time and from time to time on or after the Second Restatement Date, Sixth Amendment Effective Date and until the earlier of the Revolving Credit Maturity Date with respect to for the Dollar applicable Class of Revolving Credit Commitment of such Lender Commitments and the termination of the Dollar applicable Revolving Credit Commitment of such Revolving Lender in accordance with the terms hereof, hereof in an aggregate principal amount at any time outstanding that will not result in the Dollar Equivalent of such Revolving Credit Lender’s Dollar (w) Revolving Credit Exposure exceeding such Revolving Lender’s Dollar Revolving Credit Commitment and Commitment, (iiix) to make Multicurrency Tranche A Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Revolving Lender’s Multicurrency Tranche A Revolving Credit Commitment, (y) Tranche B Revolving Exposure exceeding such Revolving Lender’s Tranche B Revolving Commitment or (z) Tranche C Revolving Exposure exceeding such Revolving Lender’s Tranche C Revolving Commitment. Within the limits set forth in the preceding sentence clause (c) above and subject to the terms, conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Thirteenth Amendment to Second Amended and Restated Credit Agreement (NRG Energy, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Date, Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, Commitment and (ii) each Revolving Lender severally, and not jointly, agrees to make Dollar Revolving Loans to the Borrower, Borrower in Dollars, Dollars at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Additional Loans of such Class to the Borrower, in an aggregate principal amount which Loans shall not exceed for any such Lender at the time of any time outstanding that will not result in incurrence thereof the Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the termsapplicable Refinancing Amendment, conditions and limitations set forth herein, the Borrower may borrow, pay Extension Amendment or prepay and reborrow Incremental Revolving LoansFacility Amendment. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: First Lien Credit Agreement (Shift4 Payments, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, (i) agrees to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and Borrower from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and or (iiiii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier sum of the total Revolving Credit Maturity Date with respect to Exposures exceeding the Multicurrency total Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit CommitmentCommitments. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid Subject to the terms and conditions set forth herein, each Lender agrees to make a Term Loan to the Borrower on the Effective Date in respect of an aggregate principal amount equal to such Lender’s Term Loans Loan Commitment. The Borrower may not be reborrowedborrow, prepay and reborrow Term Loans. (b) Each Lender having The Borrower shall have the right, without the consent of the Lenders but with the prior approval of the Administrative Agent, not to be unreasonably withheld, to cause from time to time an Incremental increase in the total Revolving Credit Commitments of the Lenders by adding to this Agreement one or more additional Lenders or by allowing one or more Lenders to increase their respective Revolving Credit Commitments; provided however (i) no Event of Default shall have occurred hereunder which is continuing, (ii) no such increase shall cause the aggregate Revolving Credit Commitments hereunder to exceed $1,150,000,000, and (iii) no Lender’s Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in shall be increased without such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loansconsent. (c) Each Lender having an Incremental The Borrower may make a single request for a joint one-year extension of the Revolving Credit Maturity Date and Term Loan Commitment hereby agreesMaturity Date by delivering a written request for same to the Administrative Agent no earlier than 30 days prior to the first anniversary of the Effective Date and no later than 30 days prior to the Revolving Credit Maturity Date and Term Loan Maturity Date. Any such extension shall be effective if (i) consented to by Required Lenders within thirty (30) days after such request, severally and not jointly, (ii) on the terms Revolving Credit Maturity Date and Term Loan Maturity Date as it existed immediately before such extension (A) the Revolving Credit Commitments of the dissenting Lenders are terminated (which termination shall be effective automatically), (B) all amounts owing to such dissenting Lenders are paid in full (which payments shall not be subject to Section 2.11), and (C) the total Revolving Credit Commitments are permanently reduced by an amount equal to such dissenting Lenders’ Revolving Credit Commitments so terminated, except to the extent that the Revolving Credit Commitments of the dissenting Lenders are replaced pursuant to Section 2.19(b) and/or one or more Lenders agree(s) to increase their respective Revolving Credit Commitment(s), (iii) all conditions precedent for a Borrowing set forth herein in Section 4.02 have been satisfied, and in (iv) the applicable Incremental Borrower does not withdraw its request for such extension before the Revolving Credit Maturity Date and Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowedMaturity Date.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Duncan Energy Partners L.P.)

Commitments. (a) Subject to the terms and conditions set forth herein, (a) each Dollar Tranche Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) agrees to make Dollar Tranche Revolving Loans to the Borrower, Borrower in Dollars, at any time and Dollars from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) such Revolving Credit Lender’s 's Dollar Tranche Revolving Credit Exposure exceeding such Lender’s 's Dollar Tranche Commitment or (ii) the sum of the total Dollar Tranche Revolving Credit Commitment Exposures exceeding the aggregate Dollar Tranche Commitments and (iiib) each Multicurrency Tranche Lender agrees to make Multicurrency Tranche Revolving Loans to the Borrower, Borrower in Dollars or any Alternative Currency, at any time and Agreed Currencies from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that would will not result in (i) subject to Sections 2.04 and 2.11(b), the Dollar Amount of such Revolving Credit Lender’s 's Multicurrency Tranche Revolving Credit Exposure exceeding such Lender’s 's Multicurrency Tranche Commitment, (ii) subject to Sections 2.04 and 2.11(b), the sum of the Dollar Amount of the total Multicurrency Tranche Revolving Credit CommitmentExposures exceeding the aggregate Multicurrency Tranche Commitments or (iii) subject to Sections 2.04 and 2.11(b), the Dollar Amount of the total outstanding Multicurrency Tranche Revolving Loans and Multicurrency Tranche LC Exposure, in each case denominated in Foreign Currencies, exceeding the Foreign Currency Sublimit. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Dollar Tranche Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Multicurrency Tranche Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Microchip Technology Inc)

Commitments. Subject to the terms and conditions set forth herein, (a) Subject each Revolving Facility Lender agrees to make Revolving Facility Loans denominated in Dollars or in a Foreign Currency to any Borrower, in each case from time to time during the Revolving Facility Availability Period in an aggregate principal amount that will not result in (i) such Lender’s Revolving Facility Credit Exposure exceeding such Lender’s Revolving Facility Commitment, (ii) the Revolving Facility Credit Exposure exceeding the total Revolving Facility Commitments, (iii) the Revolving Credit Exposure denominated in Euros exceeding the Equivalent in Dollars determined on the date of delivery of the applicable Borrowing Request of $350.0 million, (iv) the Revolving Credit Exposure denominated in Sterling exceeding the Equivalent in Dollars determined on the date of delivery of the applicable Borrowing Request of $75.0 million, or (v) the Revolving L/C Exposure exceeding $250.0 million on the Closing Date. Within the foregoing limits and subject to the terms and conditions set forth herein, each Borrower may borrow, prepay and reborrow Revolving Facility Loans. (b) each Term Facility Lender agrees, severally and not jointly, (i) agrees to make a Tranche D Term Loan, Facility Loan in Dollars, Dollars to the Borrower Domestic Borrower, at such Borrower’s option, on the Second Restatement Closing Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier Term Facility Commitment. Any portion of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Term Facility Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, borrowed on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that Closing Date will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loansthereafter be unavailable. (c) Each each Delayed Draw Lender having an Incremental agrees to make a single Delayed Draw Term Loan Commitment hereby agreesin Dollars to the Domestic Borrower, severally and not jointlyat the Domestic Borrower’s option, on a Business Day during the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the BorrowerDelayed Draw Availability Period, in an aggregate a principal amount not to exceed its Incremental Term Loan such Lender’s Delayed Draw Commitment. Amounts paid or prepaid in respect Any portion of Incremental Term Loans may the Delayed Draw Commitment not borrowed during the Delayed Draw Availability Period will thereafter be reborrowedunavailable.

Appears in 1 contract

Sources: Credit Agreement (Dresser-Rand Group Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Closing Date or, in the case of the First Amendment Incremental Term Loans, on the First Amendment Closing Date, or in the case of the 2021 Replacement Term Loans, on the Third Amendment Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, (ii) each Second Incremental Term Loan Lender severally, and not jointly, agrees to make Dollar Second Amendment Incremental Term Loans to the Borrower on the Second Amendment Closing Date and (iii) each Revolving Lender severally, and not jointly, agrees to make Revolving Loans to the Borrower, Borrower in Dollars, Dollars at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans and the Second Amendment Incremental Term Loans may not be reborrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment or Incremental Facility Agreement, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Additional Loans of such Class to the Borrower, in an aggregate principal amount which Loans shall not exceed for any such Lender at the time of any time outstanding that will not result in incurrence thereof the Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the termsapplicable Refinancing Amendment, conditions and limitations set forth herein, the Borrower may borrow, pay Extension Amendment or prepay and reborrow Incremental Revolving LoansFacility Agreement. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: First Lien Credit Agreement (Waystar Holding Corp.)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth herein, each Lender agrees, severally and not jointly, forth: (i) each Revolving Loan Lender severally agrees to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in DollarsBorrowers, at any time and from time to time on or after from the Second Restatement Effective Date to the Final Maturity Date, and or until the earlier reduction of the Revolving Credit Maturity Date with respect to the Dollar its Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender to zero in accordance with the terms hereof, in an aggregate principal amount of Revolving Loans at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding to exceed the amount of such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within ; (ii) each Term Loan A Lender severally agrees to make the limits set forth in the preceding sentence and subject Term Loan A to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, Borrowers on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the BorrowerEffective Date, in an aggregate principal amount not to exceed its Incremental the amount of such Term Loan A Lender’s Term Loan A Commitment; and (iii) each Term Loan B Lender severally agrees to make the Term Loan B to the Borrowers on the Effective Date, in an aggregate principal amount not to exceed the amount of such Term Loan B Lender’s Term Loan B Commitment. (b) Notwithstanding the foregoing: (i) The aggregate principal amount of Revolving Loans outstanding at any time to the Borrowers shall not exceed the lower of (A) the Total Revolving Credit Commitment and (B) the then current Borrowing Base. Amounts paid The Revolving Credit Commitment of each Revolving Loan Lender shall automatically and permanently be reduced to zero on the Final Maturity Date. Within the foregoing limits, the Borrowers may borrow, repay and reborrow, on or after the Effective Date and prior to the Final Maturity Date, subject to the terms, provisions and limitations set forth herein. (A) The aggregate principal amount of Term Loan A made on the Effective Date shall not exceed the Total Term Loan A Commitment. (B) The aggregate principal amount of Term Loan B made on the Effective Date shall not exceed the Total Term Loan B Commitment. (C) Any principal amount of the Term Loans which is repaid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Financing Agreement (Gordon Biersch Brewery Restaurant Group, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Date, EighthNinth Amendment Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, Commitment as set forth in the EighthNinth Amendment and (ii) each Revolving Lender severally, and not jointly, agrees to make Dollar Revolving Loans to the Borrower, Borrower in Dollars, Dollars at any time and from time to time on or and after the Second Restatement Original Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment or Incremental Facility Agreement, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Additional Loans of such Class to the Borrower, in an aggregate principal amount which Loans shall not exceed for any such Lender at the time of any time outstanding that will not result in incurrence thereof the Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the termsapplicable Refinancing Amendment, conditions and limitations set forth herein, the Borrower may borrow, pay Extension Amendment or prepay and reborrow Incremental Revolving LoansFacility Agreement. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: First Lien Credit Agreement (Waystar Holding Corp.)

Commitments. (a) Subject to On the terms and subject to the conditions of this Agreement, the Lenders and the Issuers severally agree to make Credit Extensions as set forth herein, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term below. SECTION 2.1.1. Revolving Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from . From time to time on or any Business Day occurring after the Second Restatement Closing Date but prior to the Revolving Loan Commitment Termination Date, (a) each Lender that has a Revolving Loan Commitment (referred to as a "Revolving Loan Lender"), and until agrees that it will make loans (relative to such Lender, its "Revolving Loans") to the earlier Borrower equal to such Lender's Revolving Loan Percentage of the aggregate amount of each Borrowing of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, requested by the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not to be reborrowed.made on such day; and (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth hereinhereof, the Borrower may from time to time borrow, pay or prepay and reborrow Incremental Revolving Loans. No Revolving Loan Lender shall be permitted or required to make any Revolving Loan if, after giving effect thereto, the aggregate outstanding principal amount of all Revolving Loans of such Revolving Loan Lender, together with such Lender's Revolving Loan Percentage of the aggregate amount of all Revolving Letter of Credit Outstandings, would exceed such Lender's Revolving Loan Percentage of the then existing Revolving Loan Commitment Amount. SECTION 2.1.2. Revolving Letters of Credit. From time to time on any Business Day occurring from the Closing Date but thirty days prior to the Revolving Loan Maturity Date, each Issuer agrees that it will, to the extent requested by the Borrower, (ca) Each Lender having issue one or more letters of credit (relative to such Issuer, its "Revolving Letter of Credit") for the account of the Borrower or any Subsidiary Guarantor in the Stated Amount requested by the Borrower on such day; or (b) extend the Stated Expiry Date of an Incremental Term existing Revolving Letter of Credit previously issued hereunder. The Stated Expiry Date of each Revolving Letter of Credit shall be no later than the earlier to occur of (i) five Business Days before the Revolving Loan Commitment hereby agrees, severally Termination Date and not jointly, on (ii) one year from the terms and subject date of such issuance or extension. Any Revolving Letter of Credit may provide for automatic renewal thereof for additional periods of up to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower12 months so long as no Revolving Letter of Credit will, in an any event, have a Stated Expiry Date that is later than five Business Days before the Revolving Loan Commitment Termination Date. No Issuer shall be permitted or required to issue any Revolving Letter of Credit if, after giving effect thereto, (i) the aggregate amount of all Revolving Letter of Credit Outstandings would exceed the Revolving Letter of Credit Commitment Amount or (ii) the sum of the aggregate amount of all Revolving Letter of Credit Outstandings plus the aggregate principal amount not to of all Revolving Loans then outstanding would exceed its Incremental Term the Revolving Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowedCommitment Amount.

Appears in 1 contract

Sources: Credit Agreement (Champion Enterprises Inc)

Commitments. (a) Subject to the terms and conditions set forth contained herein, each Lender agrees, Bank severally and not jointly, (i) agrees to make Committed Loans to ▇▇▇▇▇▇▇, Cementerios and Funerarias as hereinafter set forth. Specifically, the Banks agree to extend to ▇▇▇▇▇▇▇ a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) revolving line of credit facility and to make Dollar Revolving Committed Loans to the Borrower, in Dollars, at any time and ▇▇▇▇▇▇▇ thereunder from time to time on through the Termination Date in an aggregate maximum principal amount of up to $512,000,000 outstanding at any one time (as extended, renewed, modified or after rearranged from time to time, the Second Restatement Date"▇▇▇▇▇▇▇ Revolving Facility"). Additionally, the Banks agree to extend to Cementerios a revolving line of credit facility and to make Committed Loans to Cementerios thereunder from time to time through the Termination Date in an aggregate maximum principal amount of up to $37,000,000 outstanding at any one time (as extended, renewed, modified or rearranged from time to time, the "Cementerios Revolving Facility"). Additionally, the Banks agree to extend to Funerarias a revolving line of credit facility and to make Committed Loans to Funerarias thereunder from time to time through the Termination Date in an aggregate maximum principal amount of up to $51,000,000 outstanding at any one time (as extended, renewed, modified or rearranged from time to time, the "Funerarias Revolving Facility"). The Committed Loans made under such Revolving Facilities shall be evidenced by the ▇▇▇▇▇▇▇ Committed Notes, the Cementerios Committed Notes and the Funerarias Committed Notes, respectively, delivered to the Banks. Committed Loans made under each Revolving Facility may consist of Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the subject Borrower may request, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender may be repaid and the termination of the Dollar Revolving Credit Commitment of such Lender reborrowed in accordance with the terms provisions hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans . Notwithstanding anything contained herein to the Borrowercontrary, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier maximum obligation of the Revolving Credit Maturity Date each Bank with respect to Committed Loans made under each Revolving Facility shall be limited to its Pro Rata Share thereof, and in no event shall the Multicurrency obligations of the Banks to make Committed Loans under each Revolving Credit Commitment Facility be deemed to be joint and several. Failure by any one of the Banks to honor its obligations hereunder shall not render the non-defaulting Banks liable to fulfill the obligations of such Lender and the termination defaulting Bank, but any such failure by one of the Multicurrency Banks shall not relieve the non-defaulting Banks of their obligations to fund their Pro Rata Share of Committed Loans under each Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowedFacility. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Stewart Enterprises Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, : (a) each Dollar Tranche Lender agrees, severally and not jointly, (i) agrees to make a Tranche D Term Loan, revolving loans denominated in Dollars, Dollars to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and Borrowers from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in (a) such Revolving Credit Lender’s Dollar Tranche Revolving Credit Exposure exceeding such Lender’s Dollar Tranche Commitment, (b) the sum of the total Dollar Tranche Revolving Credit Commitment Exposures exceeding the total Dollar Tranche Commitments or (c) the sum of the total Revolving Credit Exposures exceeding the total Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Dollar Tranche Loans. (iiib) each Multicurrency Tranche Lender agrees to make Multicurrency Revolving Loans revolving loans denominated in Dollars and Foreign Currencies to the Borrower, in Dollars or any Alternative Currency, at any time and Borrowers from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that would will not result in (a) such Revolving Credit Lender’s Multicurrency Tranche Revolving Credit Exposure exceeding such Lender’s Multicurrency Tranche Commitment, (b) the sum of the total Multicurrency Tranche Revolving Credit CommitmentExposures exceeding the total Multicurrency Tranche Commitments, (c) the Dollar Equivalent of the aggregate amount of all Loans and Letters of Credit denominated in a Foreign Currency exceeding $50,000,000 or (d) the sum of the total Revolving Credit Exposures exceeding the total Commitments. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Multicurrency Tranche Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Argo Group International Holdings, Ltd.)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Standby Loans to the Borrower, in DollarsBorrowers, at any time and from time to time on or and after the Second Restatement Date, date hereof and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with Lender. (b) Subject to the terms hereofand conditions and relying upon the representations and warranties set forth herein and in the applicable Local Currency Addendum, in an aggregate principal amount at any time outstanding that will each Local Currency Lender agrees, severally and not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) jointly, to make Multicurrency Revolving Local Currency Loans to the Borrower, in Dollars or any Alternative Currency, Borrowers at any time and from time to time on or and after the Second Restatement Date, execution of the applicable Local Currency Addendum and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment (or the commitment under such Local Currency Addendum) of such Lender Local Currency Lender. (c) Notwithstanding anything to the contrary contained in accordance with the terms hereofthis Agreement, in an no event may Standby Loans or Local Currency Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the sum of the aggregate Standby Credit Exposures, the aggregate Competitive Loan Exposures and the aggregate L/C Exposures would exceed the Total Commitment then in effect, (ii) the sum of the Standby Credit Exposure and the L/C Exposure of any Lender would exceed such Lender's Commitment or (iii) the Dollar Equivalent of the aggregate principal amount at of the outstanding Local Currency Loans of any time outstanding that Local Currency Lender denominated in a specified Local Currency would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitmentexceed the applicable Local Currency Facility Maximum Borrowing Amount or any Local Currency Lender Maximum Borrowing Amount. Within the limits set forth in foregoing limits, the preceding sentence Borrowers may borrow, pay or prepay and reborrow Standby Loans and Local Currency Loans hereunder, on and after the Effective Date and prior to the Maturity Date, subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Facility Agreement (Itt Industries Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Parent Borrower on the Second Restatement Date, Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, Commitment and (ii) each Revolving Lender severally, and not jointly, agrees to make Dollar Initial Revolving Loans to the Borrower, applicable Borrowers in Dollars, Dollars or any Alternate Currency validly established after the Closing Date at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower applicable Borrowers may borrow, pay or prepay and reborrow re-borrow Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowedre-borrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject agrees to make Additional Loans of such Class to the conditions set forth herein and in Borrowers, which Loans shall not exceed for any such Lender at the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to time of any incurrence thereof the Borrower, in an aggregate principal amount at any time outstanding that will not result in Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the termsapplicable Refinancing Amendment, conditions and limitations set forth herein, the Borrower may borrow, pay Extension Amendment or prepay and reborrow Incremental Revolving LoansFacility Amendment. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Ryman Hospitality Properties, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, each applicable Term A Lender agrees, severally and not jointly, (i) agrees to make a Tranche D Term Loan, in Dollars, A Loan to the Borrower Parties on the Second Restatement Date, Effective Date denominated in dollars in a principal amount not exceeding its Term A Commitment. Amounts repaid or prepaid in respect of Term A Loans may not be reborrowed other than pursuant to exceed the Voluntary Prepayment Incremental Amount. (b) Subject to the terms and conditions set forth herein, (i) each applicable Term B-1 Dollar Lender agrees to make a Term B-1 Dollar Loan to the Borrower Parties on the Effective Date denominated in dollars in a principal amount not exceeding its Tranche D Term Loan B-1 Dollar Commitment, (ii) each applicable Term B-1 Euro Lender agrees to make Dollar a Term B-1 Euro Loan to the Borrower Parties on the Effective Date denominated in euro in a principal amount not exceeding its Term B-1 Euro Commitment and (iii) each applicable Term B-2 Lender agrees to make a Term B-2 Loan to the Borrower Parties on the Effective Date denominated in Dollars in a principal amount not exceeding its Term B-2 Commitment. Amounts repaid or prepaid in respect of Term B Loans may not be reborrowed other than pursuant to the Voluntary Prepayment Incremental Amount. (c) Subject to the terms and conditions set forth herein, each Revolving Lender agrees to make Revolving Loans to the Borrower, in Dollars, at any time and Borrower from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to or the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Aggregate Revolving Credit Exposure exceeding such Lender’s Multicurrency the aggregate Revolving Credit CommitmentCommitments. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Avago Technologies LTD)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, (i) to make a Tranche D aInitial B-2 Term Loan, LoanLoans denominated in Dollars, Dollars to the Borrower on the Second Restatement Date, Closing Date in a principal amount not to exceed its Tranche D Initial B-2 Term Loan Commitment, Commitment and (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, Dollars or any Alternative Currency at any time time, and from time to time on or time, after the Second Restatement Date, and Closing Date until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an ; provided that the aggregate principal amount of such Lender’s Revolving Loans to the Borrower at any time outstanding that will not result in such Revolving Credit Lender’s Dollar outstanding Revolving Credit Exposure Loans exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in clause (ii) of the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agreesTerm Loan Commitment, severally and not jointly, on hereby agrees, subject to the terms and subject to conditions and relying upon the conditions representations and warranties set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed. (c) Subject to the terms and conditions set forth herein, on the Funding Date, each B-1 Term Loan Lender agrees to make, in a single drawing on the Funding Date, B-1 Term Loans denominated in Dollars in a principal amount not to exceed its B-1 Term Loan Commitment. (d) Subject to the terms and conditions set forth herein, the Incremental B-2 Term Loan Lender agrees to make, in a single drawing on the Funding Date, B-2 Term Loans denominated in Dollars in a principal amount not to exceed its Incremental B-2 Term Loan Commitment. On the Acquisition Closing Date, the Incremental B-2 Term Loans will be deemed to be an increase in the Initial B-2 Term Loans outstanding prior to the Acquisition Closing Date. Furthermore, on the Acquisition Closing Date, the terms and provisions of the Incremental B-2 Term Loans shall be identical to the Initial B-2 Term Loans and will constitute B-2 Term Loans and Term Loans for all purposes under the Credit Agreement. On the Acquisition Closing Date, unless otherwise required by law, the parties hereto intend to treat the Incremental B-2 Term Loans as being fungible with the Initial B-2 Term Loans for U.S. federal income tax purposes. (e) Amounts paid or prepaid in respect of Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (BATS Global Markets, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, (a) each Term Lender agrees, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Date, Effective Date denominated in dollars in a principal amount not to exceed its Tranche D exceeding such Term Loan Lender’s Term Commitment, (iib)(i) each Dollar Facility Revolving Lender agrees to make Dollar Facility Revolving Loans to the Borrower, Borrower denominated in Dollars, at any time and dollars from time to time on or after the Second Restatement Date, and until the earlier of during the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that which will not result in such Revolving Credit Lender’s Dollar Facility Revolving Credit Exposure exceeding such Revolving Lender’s Dollar Facility Revolving Credit Commitment and (iiiii) each Alternative Currency Facility Revolving Lender agrees to make Multicurrency Alternative Currency Facility Revolving Loans to the Borrower, Borrower denominated in Dollars dollars or any in Alternative Currency, at any time and Currencies from time to time on or after the Second Restatement Date, and until the earlier of during the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that would which will not result in such Revolving Credit Lender’s Multicurrency Alternative Currency Facility Revolving Credit Exposure exceeding such Revolving Lender’s Multicurrency Alternative Currency Facility Revolving Credit Commitment and (c) each Delayed Draw Term Lender agrees to make Delayed Draw Term Loans to the Borrower on or after the Effective Date until 11:59 p.m. New York City time, on the Delayed Draw Term Commitment Expiration Date in one or more drawings (but no more than five (5)) denominated in dollars in a principal amount not exceeding such Delayed Draw Term Lender’s Delayed Draw Term Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid repaid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: First Lien Credit Agreement

Commitments. (a) Subject to the terms and conditions set forth hereincontained in this Agreement and the Common Security Agreement, each Bank Senior Lender agrees, severally and not jointly, (i) agrees to make senior loans (each, a Tranche D Term "Bank Senior Loan" and collectively, in Dollars, the "Bank Senior Loans") to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to applicable Disbursement Date or Disbursement Dates during the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit applicable Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Period in an aggregate principal amount at any time outstanding not to exceed the amount of such Bank Senior Lender's Commitment, provided that will not result borrowings in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to respect of the Borrower, in Dollars or any Alternative Currency, Tranche A Facility may be made at any time time, and from time to time on or time, after the Second Restatement Datetermination of all Commitments under the Tranche B Facility, subject to the other terms and until conditions set forth in this Agreement. The Commitment of each Bank Senior Lender shall be reduced by the earlier amount of such Bank Senior Lender's Bank Senior Loans immediately after such Bank Senior Loans are made. If any portion of any Commitment is not disbursed during the applicable Commitment Period, the amount of such undrawn portion shall be automatically cancelled as of the Revolving Credit Maturity close of business in New York, New York on the last day of the applicable Commitment Period. (b) Prior to the Disbursement Date for the Tranche B Facility, upon the securing of Commitments to lend Reallocation Senior Debt under the Tranche B Facility in accordance with Section 2.12 of the Common Security Agreement, the Arrangers, with the consent of the Borrower, which consent shall not be unreasonably withheld, shall have the right to reallocate the Commitments so as to (i) increase the aggregate Commitments with respect to the Multicurrency Revolving Credit Commitment Tranche B Facility by an amount equal to such Reallocation Senior Debt without affecting the amount of the other existing Commitments under the Tranche B Facility and (ii) decrease the Commitments of each of the Arrangers under the Tranche A Facility on a pro rata basis in an aggregate amount equal to the amount of the Commitments to lend such Reallocation Senior Debt. (c) After the Disbursement Date for the Tranche B Facility, upon the incurrence from time to time of Reallocation Senior Debt under the Tranche B Facility in accordance with Section 2.12 of the Common Security Agreement, the Arrangers, with the consent of the Borrower, which consent shall not be unreasonably withheld, shall have the right to (i) increase the amount of outstanding Bank Senior Loans under the Tranche B Facility by an amount equal to such Reallocation Senior Debt without affecting the amounts outstanding under existing Bank Senior Loans under the Tranche B Facility and (ii) decrease the remaining Commitments, if any, of, and the disbursed and outstanding Bank Senior Loans, if any, made by, each of the Arrangers under the Tranche A Facility on a pro rata basis among the Arrangers in an aggregate amount equal to the amount of such Lender Reallocation Senior Debt being incurred. The changes described in this clause (c) shall be effected as (i) the incurrence by the Borrower of Reallocation Senior Debt under the Tranche B Facility and (ii) if any Senior Debt shall be outstanding under the Tranche A Facility, the application by the Borrower of that portion of the proceeds of such Reallocation Senior Debt that bears a relation to the amount of such proceeds which is equal to (x) Senior Debt outstanding under the Tranche A Facility divided by (y) the sum of Senior Debt outstanding under the Tranche A Facility and remaining undrawn Commitments under the Tranche A Facility to the prepayment in whole or in part of such Senior Debt outstanding under the Tranche A Facility held by the Arrangers on a pro rata basis, and the termination remaining Commitments of the Multicurrency Revolving Credit Commitment Arrangers under the Tranche A Facility shall be reduced by an amount equal to the amount of such Lender Reallocation Senior Debt incurred but not applied to the prepayment of Senior Debt in accordance with the terms hereofof this sentence. (d) Prior to the initial Disbursement Date for the Tranche A Facility, upon the securing of Commitments to lend Reallocation Senior Debt under the Tranche A Facility in accordance with Section 2.12 of the Common Security Agreement, the Arrangers, with the consent of the Borrower, which consent shall not be unreasonably withheld, shall have the right to reallocate the Commitments so as to decrease the Commitments of each of the Arrangers under the Tranche A Facility on a pro rata basis in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject equal to the termsamount of the Commitments to lend such Reallocation Senior Debt being secured. (e) After the initial Disbursement Date for the Tranche A Facility, conditions and limitations set forth hereinupon the incurrence from time to time of Reallocation Senior Debt and, if a portion of the Commitments to extend Senior Debt under the Tranche A Facility remains, the securing of Commitments to extend Reallocation Senior Debt under the Tranche A Facility in accordance with Section 2.12 of the Common Security Agreement, the Arrangers, with the consent of the Borrower, which consent shall not be unreasonably withheld, shall have the right to decrease the remaining Commitments, if any, of, and the disbursed and outstanding Bank Senior Loans, if any, made by, each of the Arrangers under the Tranche A Facility on a pro rata basis among the Arrangers and between such Commitments and such outstanding Bank Senior Loans in an aggregate amount equal to the amount of such Reallocation Senior Debt being incurred or Commitments secured. The changes described in this clause (e) shall be effected as (i) the incurrence by the Borrower may borrowof Reallocation Senior Debt and, pay if a portion of the Commitments to extend Senior Debt under the Tranche A Facility remains, the securing of Commitments to extend Reallocation Senior Debt under the Tranche A Facility and (ii) the application by the Borrower of the proceeds of such Reallocation Senior Debt to the prepayment in whole or prepay in part of such Senior Debt outstanding under the Tranche A Facility held by the Arrangers on a pro rata basis and reborrow Revolving Loansthe reduction of the Commitments of the Arrangers under the Tranche A Facility on a pro rata basis. (f) Any prepayment made by the Borrower in accordance with this Section 2.01 shall be made together with all accrued but unpaid interest on amounts prepaid and all other amounts (including any amounts due pursuant to Article V) then due from the Borrower under this Agreement. Amounts paid or Any amount prepaid in respect of Term Loans accordance with this Section 2.01 may not be reborrowed. (bg) Each Lender having an Incremental Revolving Credit Clauses (b)-(f) of this Section 2.01 shall apply only until each Arranger's Commitment hereby agreeshas been reduced to such Arranger's Hold Level. After the reduction of each Arranger's Commitment to such Arranger's Hold Level, severally and not jointly, on the terms and subject such clauses shall apply only to the conditions set forth herein extent mutually agreed among the Arrangers and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loansin their sole discretion. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Bank Senior Loan Agreement (Neches River Holding Corp)

Commitments. Subject to the terms and conditions set forth herein and in the Second Restatement Agreement, each Lender (a) Subject agrees to make Revolving Loans denominated in dollars to each Borrower from time to time, in each case during the Revolving Availability Period, in an aggregate principal amount that will not result in such Lender’s Dollar Revolving Exposure exceeding such Lender’s Dollar Revolving Commitment or the Aggregate Dollar Revolving Exposure exceeding the Aggregate Dollar Revolving Commitment and (b) agrees to make Revolving Loans denominated in dollars or in any Permitted Foreign Currency to each Borrower from time to time, in each case during the Revolving Availability Period, in an aggregate principal amount that will not result in such Lender’s Multi-Currency Revolving Exposure exceeding such Lender’s Multi-Currency Revolving Commitment or the Aggregate Multi-Currency Revolving Exposure exceeding the Aggregate Multi-Currency Revolving Commitment. Within the foregoing limits and subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Each Tranche A Term Loan outstanding immediately prior to the Second Restatement Effective Date shall continue to be outstanding under this Agreement on and after the Second Restatement Effective Date, subject to the terms of this Agreement. Amounts paid repaid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject . Notwithstanding anything to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth contrary contained herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental funded portion of each Tranche A Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject that was advanced in cash to the conditions set forth herein and in Borrower was less than 100.00% of the applicable Incremental principal amount of such Tranche A Term Loan Assumption Agreement(but it is agreed that the Borrower shall be obligated to repay 100.00% of the principal amount of each such Tranche A Term Loan, to make Incremental the Tranche A Term Loans to shall amortize based on 100.00% of the Borrowerprincipal amount of each Tranche A Term Loan and interest shall accrue on 100.00% of the principal amount of each such Tranche A Term Loan, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowedeach case as provided herein).

Appears in 1 contract

Sources: Credit Agreement (Allegion PLC)

Commitments. (a%3) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Revolving Credit Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, Revolving Borrowers in Dollars, at any time and from time to time on or after the Second 2016 Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, hereof and in an aggregate principal amount at any time outstanding that will not result in (x) such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar its Revolving Credit Commitment and or (iiiy) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Aggregate Revolving Credit Exposure exceeding such Lender’s Multicurrency the Total Revolving Credit CommitmentCommitments. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (ca) Each Lender having an Incremental Term Loan Commitment hereby agrees(including a U.S. Term Loan Commitment or a European Term Loan Commitment on the 2016 Restatement Date) or an Other Revolving Credit Commitment, severally and not jointly, on hereby agrees, subject to the terms and subject to conditions and relying upon the conditions representations and warranties set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borroweror Other Revolving Loans, in an aggregate principal amount not amount, to exceed its the Borrowers and on the terms and conditions set forth in the applicable Incremental Term Loan CommitmentAssumption Agreement. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Reynolds Group Holdings LTD)

Commitments. (a) Subject to the terms and conditions hereof and relying upon the representations and warranties set forth herein, (a) each Term Lender having a Term Loan Commitment on the Closing Date has made a Term Loan to the Borrower on the Closing Date in a principal amount not exceeding its Term Loan Commitment on such date, (b) each Term Lender having a Term Loan Commitment on the Amendment Effective Date agrees, severally and not jointly, to make a Term Loan to the Borrower on a single date specified by the Borrower that is prior to the Additional Term Loan Commitment Termination Date in a principal amount not to exceed its Term Loan Commitment, (c) each Incremental Term Lender which shall provide an Incremental Term Loan Commitment pursuant to Section 2.24 agrees, severally and not jointly, to make an Incremental Term Loan to the Borrower in a principal amount not to exceed its Incremental Term Loan Commitment and (d) each Revolving Credit Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, Closing Date and until the earlier of the Revolving Credit Maturity Date with respect to and the Dollar termination of the Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in clause (d) of the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (True Temper Sports Inc)

Commitments. (a) Subject to the terms and conditions set forth herein: (a) On the Restatement Effective Date, the “Term A Loans” (under and as defined in the Original Credit Agreement) of each Term A Lender shall continue hereunder and are deemed to be Term A Loans; (b) each Lender agrees, severally and not jointly, (i) with a Term A-1 Loan Commitment on the Restatement Effective Date is deemed to make a Tranche D Term Loan, A-1 Loan denominated in Dollars, Dollars to the Borrower Borrowers on the Second Restatement Date, Effective Date in a principal amount not equal to exceed its Tranche D Term A-1 Loan Commitment, ; (iic) each Lender with a Deferred Term A Loan Commitment on the Restatement Effective Date is deemed to make Dollar Revolving Loans a Deferred Term A Loan denominated in Dollars to the Borrower, Borrowers on the Restatement Effective Date in Dollars, at any time and a principal amount equal to its Deferred Term A Loan Commitment; (d) each Lender agrees to make Revolving Facility Loans denominated in Dollars of a Class to the Borrowers from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) such L▇▇▇▇▇’s Revolving Credit Lender’s Dollar Revolving Facility Credit Exposure of such Class exceeding such LenderL▇▇▇▇▇’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Facility Commitment of such Lender and Class or (ii) the termination of the Multicurrency Revolving Facility Credit Commitment Exposure of such Lender in accordance with Class exceeding the terms hereof, in an aggregate principal amount at any time outstanding that would not result in total Revolving Facility Commitments of such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit CommitmentClass. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow amounts under the Revolving Facility Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed.; (be) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on subject to the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans denominated in Dollars to the BorrowerBorrowers, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment; (f) with respect to each Converted Term A Loan of each Amendment No. Amounts paid or prepaid in 1 Consenting Lender, a principal amount of such Converted Term A Loan equal to (x) the Converted Deferred Term A-1 Loan Amount thereof, shall be converted into a Deferred Term A-1 Loan of like principal amount on the Amendment No. 1 Effective Date and (y) the remaining principal amount of such Converted Term A Loan after giving effect to the conversion pursuant to subclause (x) above, shall be converted into a Term A-2 Loan on the Amendment No. 1 Effective Date; (g) with respect to each Converted Term A-1 Loan of Incremental each Amendment No. 1 Consenting Lender, a principal amount of such Converted Term Loans may not A-1 Loan equal to (x) the Converted Deferred Term A-1 Loan Amount thereof, shall be reborrowed.converted into a Deferred Term A-1 Loan of like principal amount on the Amendment No. 1 Effective Date and (y) the remaining principal amount of such Converted Term A-1 Loan after giving effect to the conversion pursuant to subclause (x) above, shall be converted into a Term A-2 Loan on the Amendment No. 1 Effective Date; and (h) the Converted Deferred Term A Loan of each Amendment No. 1 Consenting Lender shall be converted into a Deferred Term A-1 Loan of like principal amount on the Amendment No. 1 Effective; (i) (x) the Amendment No. 4

Appears in 1 contract

Sources: Credit Agreement (Norwegian Cruise Line Holdings Ltd.)

Commitments. (a) Subject to the terms and conditions set forth herein, each Australian Term Tranche Lender agrees, severally and not jointly, (i) agrees to make a an Australian Term Tranche D Term Loan, in Dollars, Loan to the Australian Borrower on the Second Restatement DateEffective Date (or on the next following Business Day, if the Australian Borrower and the Administrative Agent shall so agree) in a principal US Dollars in an amount equal to such Australian Term Tranche Lender’s Australian Term Tranche Commitment. Amounts repaid in respect of Australian Term Tranche Loans may not be reborrowed. (b) Subject to exceed its the terms and conditions set forth herein, each US Tranche D Term Loan Commitment, (ii) Revolving Lender agrees to make Dollar US Tranche Revolving Loans to the Borrower, in Dollars, at any time and US Borrower from time to time on or after the Second Restatement Date, and until the earlier of during the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender Availability Period in accordance with the terms hereof, US Dollars in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding (i) such Lender’s Dollar US Tranche Revolving Credit Exposure exceeding its US Tranche Revolving Commitment or (ii) the aggregate amount of the US Tranche Revolving Exposures exceeding the aggregate US Tranche Revolving Commitments. (c) Subject to the terms and (iii) conditions set forth herein, each Australian Revolving Tranche Lender agrees to make Multicurrency Australian Revolving Tranche Loans to the Borrower, in Dollars or any Alternative Currency, at any time and Australian Borrower from time to time on or after the Second Restatement Date, and until the earlier of during the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender Availability Period in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay US Dollars or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, Australian Dollars in an aggregate principal amount at any time outstanding that will not result in (i) such Lender’s Incremental Australian Revolving Credit Tranche Exposure exceeding such Lender’s Incremental its Australian Revolving Credit Commitment. Tranche Commitment or (ii) the aggregate amount of the Australian Revolving Tranche Exposures exceeding the aggregate Australian Revolving Tranche Commitments. (d) Within the limits set forth in the preceding sentence foregoing limits, and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or repay, prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Millennium Chemicals Inc)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Standby Loans to the Borrower, in DollarsBorrowers, at any time and from time to time on or and after the Second Restatement Date, Original Effective Date and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with Lender. (b) Subject to the terms hereofand conditions and relying upon the representations and warranties set forth herein and in the applicable Local Currency Addendum, in an aggregate principal amount at any time outstanding that will each Local Currency Lender agrees, severally and not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) jointly, to make Multicurrency Revolving Local Currency Loans to the Borrower, in Dollars or any Alternative Currency, applicable Borrowers at any time and from time to time on or and after the Second Restatement Date, execution of the applicable Local Currency Addendum and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Commitment (or the commitment under such Local Currency Addendum) of such Local Currency Lender. (c) Notwithstanding anything to the contrary contained in this Agreement, in no event may Standby Loans or Local Currency Loans be borrowed under this Article II or any Local Currency Addendum if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the sum of the aggregate Standby Credit Exposures and the aggregate Competitive Loan Exposures would exceed the Total Commitment then in effect; (ii) the Standby Credit Exposure of any Lender (and the Affiliates of such Lender in accordance with that are Local Currency Lenders) would exceed such Lender’s Commitment; or (iii) the terms hereof, in an Dollar Equivalent of the aggregate principal amount at of outstanding Local Currency Loans under any time outstanding that Local Currency Addendum would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitmentexceed the applicable Local Currency Facility Maximum Borrowing Amount. Within the limits set forth in foregoing limits, the preceding sentence Borrowers may borrow, pay or prepay and reborrow Standby Loans and Local Currency Loans hereunder, on and after the Original Effective Date and prior to the Maturity Date, subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Five Year Competitive Advance and Revolving Credit Facility Agreement (Hartford Financial Services Group Inc/De)

Commitments. (a) Each Lender having a Tranche B Term Loan Commitment severally made a loan (a “Tranche B Term Loan”) on the Closing Date to the Company in Dollars in an amount equal to its Tranche B Term Loan Commitment. Amounts repaid in respect of Tranche B Term Loans may not be reborrowed. (b) Subject to the terms and conditions set forth herein, each U.S. Revolving Lender agrees to make U.S. Revolving Loans to either Borrower in Dollars from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender’s U.S. Revolving Credit Exposure exceeding such Lender’s U.S. Revolving Commitments or (ii) the total U.S. Revolving Credit Exposures exceeding the sum of the total U.S. Revolving Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow U.S. Revolving Loans. (c) Subject to the terms and conditions set forth herein, each Alternative Currency Revolving Lender agrees to make Alternative Currency Revolving Loans to either Borrower in Dollars or Alternative Currencies from time to time during the Availability Period in an aggregate principal amount that will not result in (i) the Dollar Equivalent of such Lender’s Alternative Currency Revolving Credit Exposure exceeding such Lender’s Alternative Currency Revolving Commitment or (ii) subject to Section 1.12, the Dollar Equivalent of the total Alternative Currency Revolving Credit Exposures exceeding the sum of the total Alternative Currency Revolving Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Alternative Currency Revolving Loans. (d) Subject to the terms and conditions set forth herein, each Lender agrees, having a Restatement Effective Date Tranche B Term Loan Commitment severally and not jointly, (i) agrees to make a Tranche D B Term Loan, in Dollars, Loan on the Restatement Effective Date to the Borrower on Company in Dollars by making immediately available funds to the Second Administrative Agent’s account not later than the time specified by the Administrative Agent, which Tranche B Term Loans shall not in the aggregate exceed for any such Lender the Restatement Date, in a principal amount not to exceed its Effective Date Tranche D B Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid repaid in respect of Tranche B Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, . The Tranche B Term Loans made pursuant to the Restatement Effective Date Tranche B Term Loan Commitments shall initially be in the form of a pro rata increase in each Borrowing of Tranche B Term Loans outstanding on the terms and subject Restatement Effective Date (immediately prior to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, giving effect to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loansborrowing under this Section 2.01(d)). (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Dole Food Co Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agreesLender, severally and not jointly, (i) agrees to make a Tranche D Term LoanRevolving Loans, denominated in Dollarsdollars, to the any Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after during the Second Restatement Date, and until Availability Period for the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Facility Commitments in an aggregate principal amount at any time outstanding that will not result in (i) such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Facility Commitment or (ii) the sum of the total Revolving Credit Commitment Exposures plus the total Competitive Loan Exposures exceeding the total Facility Commitments. (b) Subject to the terms and (iii) conditions set forth herein, each Designated Currency Lender agrees to make Multicurrency Revolving Loans denominated in any Designated Currency to the Borrower, in Dollars or any Alternative Currency, at any time and Borrower from time to time on or after during the Second Restatement Date, and until Availability Period for the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, Designated Currency Commitments in an aggregate principal amount at that, after giving effect to any time outstanding that would requested Loan, will not result in (i) the aggregate amount of the Dollar Equivalents of the principal amounts of the Revolving Designated Currency Loans of any Designated Currency Lender exceeding such Revolving Credit Lender’s Multicurrency Designated Currency Commitment, (ii) the aggregate amount of the Dollar Equivalents of the principal amounts of all outstanding Revolving Designated Currency Loans and Revolving Yen Loans exceeding $50,000,000, (iii) any Lender’s Revolving Credit Exposure exceeding such Lender’s Multicurrency Facility Commitment or (iv) the sum of the total Revolving Credit Commitment. Within Exposures plus the limits set forth in total Competitive Loan Exposures exceeding the preceding sentence and subject total Facility Commitments. (c) Subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each each Yen Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Loans denominated in Yen to any Borrower from time to time during the Borrower, Availability Period for the Yen Commitments in an aggregate principal amount at that, after giving effect to any time outstanding that requested Loan, will not result in (i) the Dollar Equivalent of the aggregate principal amount of the Revolving Yen Loans of any Yen Lender exceeding such Lender’s Incremental Yen Commitment, (ii) the aggregate amount of the Dollar Equivalents of the principal amounts of all outstanding Revolving Designated Currency Loans and Revolving Yen Loans exceeding $50,000,000, (iii) any Lender’s Revolving Credit Exposure exceeding such Lender’s Incremental Facility Commitment or (iv) the sum of the total Revolving Credit Commitment. Exposures plus the total Competitive Loan Exposures exceeding the total Facility Commitments. (d) Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Moodys Corp /De/)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, (i) US Dollar Tranche Revolving Lender agrees to make a US Dollar Tranche D Term Loan, Revolving Loans denominated in Dollars, US Dollars to the Company, LOHLP, MFE and any Additional Borrower on the Second Restatement Date, borrowing in a principal amount not to exceed its Tranche D Term Loan CommitmentUS Dollars, (ii) Multicurrency Tranche Revolving Lender agrees to make Dollar Multicurrency Tranche Revolving Loans denominated in US Dollars to the Company, LOHLP, MFE and any Additional Borrower borrowing in US Dollars, (iii) Multicurrency Tranche Revolving Lender agrees to make Multicurrency Tranche Revolving Loans denominated in Canadian Dollars to BBWC, (iv) Multicurrency Tranche Revolving Lender agrees to make Multicurrency Tranche Revolving Loans denominated in Pounds Sterling to VSUK, (v) Multicurrency Tranche Revolving Lender agrees to make Multicurrency Tranche Revolving Loans denominated in Hong Kong Dollars to LBFA, (vi) Multicurrency Tranche Revolving Lender agrees to make Multicurrency Tranche Revolving Loans denominated in Euros to LOHLP and VSUK, (vii) Multicurrency Tranche Revolving Lender agrees to make Multicurrency Tranche Revolving Loans denominated in any other Permitted Foreign Currency with respect to the Multicurrency Tranche Revolving Commitments to the applicable Borrower, and (viii) Lenders of any other Class agree to make Loans of such Class to the applicable Borrower in any Permitted Foreign Currency permitted with respect to such Class (or, if permitted under such Class of Commitments, in US Dollars, at any time and ) in each case from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at that (after giving effect to the making of such Revolving Loans and any time outstanding that other Loans being made or Letters of Credit being issued on the same date and any concurrent repayment of Loans and reimbursement of LC Disbursements) will not result in (A) such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Commitment, (B) the sum of the total Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to Exposures plus the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at of outstanding Competitive Loans exceeding the total Revolving Commitments, (C) the sum of the total US Dollar Tranche Revolving Exposures plus the aggregate principal amount of outstanding Competitive Loans made by US Dollar Tranche Revolving Lenders exceeding the total US Dollar Tranche Revolving Commitments, (D) the sum of the total Multicurrency Tranche Revolving Exposures plus the aggregate principal amount of outstanding Competitive Loans made by Multicurrency Tranche Revolving Lenders exceeding the total Multicurrency Tranche Revolving Commitments, (E) the sum of the total Multicurrency Tranche Revolving Exposures plus the aggregate principal amount of outstanding Competitive Loans made by Multicurrency Tranche Revolving Lenders in each case denominated in Canadian Dollars exceeding CAD100,000,000 or such greater amount resulting from an increase pursuant to Section 2.08(d), (F) the sum of the total Multicurrency Tranche Revolving Exposures plus the aggregate principal amount of outstanding Competitive Loans made by Multicurrency Tranche Revolving Lenders in each case denominated in Pounds Sterling exceeding £50,000,000 or such greater amount resulting from an increase pursuant to Section 2.08(d), (G) the sum of the total Multicurrency Tranche Revolving Exposures plus the aggregate principal amount of outstanding Competitive Loans made by Multicurrency Tranche Revolving Lenders in each case denominated in Hong Kong Dollars exceeding HKD400,000,000 or such greater amount resulting from an increase pursuant to Section 2.08(d), (H) the sum of the total Multicurrency Tranche Revolving Exposures plus the aggregate principal amount of outstanding Competitive Loans made by Multicurrency Tranche Revolving Lenders in each case denominated in Euros exceeding €50,000,000 or such greater amount resulting from an increase pursuant to Section 2.08(d), (I) the sum of the total Multicurrency Tranche Revolving Exposures plus the aggregate principal amount of outstanding Competitive Loans made by Multicurrency Tranche Revolving Lenders in each case denominated in any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure other Permitted Foreign Currency exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits amount set forth in the preceding sentence applicable effective Additional Currency Agreement or such greater amount resulting from an increase pursuant to Section 2.08(d), (J) the sum of the total Revolving Exposures of such Class plus the aggregate principal amount of outstanding Competitive Loans of such Class exceeding the total Commitments of such Class and (K) the sum of the total Revolving Exposures of such Class plus the aggregate principal amount of Competitive Loans of such Class, in each case denominated in any Permitted Foreign Currency with respect to such Class, exceeding any limitation set forth in the applicable Incremental Facility Agreement, Local Facility Amendment or Additional Currency Agreement. (b) Within the foregoing limits and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (L Brands, Inc.)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Standby Loans to the Borrower, in DollarsBorrowers, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with Lender. (b) Subject to the terms hereofand conditions and relying upon the representations and warranties set forth herein and in the applicable Local Currency Addendum, in an aggregate principal amount at any time outstanding that will each Local Currency Lender agrees, severally and not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) jointly, to make Multicurrency Revolving Local Currency Loans to the Borrower, in Dollars or any Alternative Currency, applicable Borrowers at any time and from time to time on or and after the Second Restatement Date, execution of the applicable Local Currency Addendum and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Commitment (or the commitment under such Local Currency Addendum) of such Local Currency Lender. (c) Notwithstanding anything to the contrary contained in this Agreement, in no event may Standby Loans or Local Currency Loans be borrowed under this Article II or any Local Currency Addendum if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the sum of the aggregate Standby Credit Exposures and the aggregate Competitive Loan Exposures would exceed the Total Commitment then in effect; (ii) the Standby Credit Exposure of any Lender (and the Affiliates of such Lender in accordance with that are Local Currency Lenders) would exceed such Lender’s Commitment; or (iii) the terms hereof, in an Dollar Equivalent of the aggregate principal amount at of outstanding Local Currency Loans under any time outstanding that Local Currency Addendum would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitmentexceed the applicable Local Currency Facility Maximum Borrowing Amount. Within the limits set forth in foregoing limits, the preceding sentence Borrowers may borrow, pay or prepay and reborrow Standby Loans and Local Currency Loans hereunder, prior to the Maturity Date, subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Five Year Competitive Advance and Revolving Credit Facility Agreement (Hartford Financial Services Group Inc/De)

Commitments. (a) Subject Each Lender severally agrees, subject to and on the terms and conditions set forth hereinof this Agreement, each Lender agreesto make revolving credit loans in Dollars (each, severally a "Dollar Revolving Loan," and not jointlycollectively, (ithe "Dollar Revolving Loans") to make a Tranche D Term LoanMatria, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after any Business Day during the Second period from and including the Restatement Effective Date to but not including the Termination Date, provided that no Borrowing of Dollar Revolving Loans shall be made if, immediately after giving effect thereto: (i) the sum of (y) the aggregate principal Dollar Amount of Revolving Loans of such Lender outstanding at such time and until the earlier (z) such Lender's Letter of the Revolving Credit Maturity Date with respect to the Dollar Exposure at such time would exceed its Revolving Credit Commitment at such time; or (ii) the sum of (x) the aggregate principal Dollar Amount of Revolving Loans outstanding at such time, (y) the aggregate principal amount of Swingline Loans outstanding at such time (excluding the aggregate amount of any Swingline Loans to be repaid with proceeds of Dollar Revolving Loans made pursuant to such Borrowing) and (z) the aggregate Letter of Credit Exposure of all Lenders at such time would exceed the aggregate Revolving Credit Commitments at such time. Subject to and on the terms and conditions of this Agreement, Matria may borrow, repay and reborrow Dollar Revolving Loans. (b) Each Lender severally agrees, subject to and on the terms and conditions of this Agreement, to make revolving credit loans in any Foreign Currency (each, a "Foreign Currency Revolving Loan," and collectively, the "Foreign Currency Revolving Loans") to any Borrower, from time to time on any Business Day during the period from and including the Restatement Effective Date to but not including the Termination Date, provided that no Borrowing of Foreign Currency Revolving Loans shall be made if, immediately after giving effect thereto: (i) the sum of (y) the aggregate principal Dollar Amount of Revolving Loans of such Lender outstanding at such time and the termination (z) such Lender's Letter of the Dollar Credit Exposure at such time would exceed its Revolving Credit Commitment at such time; (ii) the sum of (x) the aggregate principal Dollar Amount of Revolving Loans outstanding at such Lender in accordance with time, (y) the aggregate principal amount of Swingline Loans outstanding at such time and (z) the aggregate Letter of Credit Exposure of all Lenders at such time would exceed the aggregate Revolving Credit Commitments at such time; or (iii) the aggregate principal Dollar Amount of Foreign Currency Revolving Loans outstanding at such time would exceed the Foreign Currency Sublimit. Subject to and on the terms hereofand conditions of this Agreement, each Borrower may borrow, repay and reborrow Foreign Currency Revolving Loans. (c) The Swingline Lender agrees, subject to and on the terms and conditions of this Agreement, to make loans (each, a "Swingline Loan," and collectively, the "Swingline Loans") to Matria, from time to time on any Business Day during the period from the Restatement Effective Date to but not including the Swingline Maturity Date (or, if earlier, the Termination Date), in an aggregate principal amount at any time outstanding not exceeding the Swingline Commitment, notwithstanding that will not result the aggregate principal amount of Swingline Loans outstanding at any time, when added to the aggregate principal Dollar Amount of the Revolving Loans made by the Swingline Lender in its capacity as a Lender outstanding at such Revolving Credit Lender’s Dollar Revolving time and its Letter of Credit Exposure exceeding at such Lender’s Dollar time, may exceed its Revolving Credit Commitment at such time, but provided that no Borrowing of Swingline Loans shall be made if, immediately after giving effect thereto, the sum of (x) the aggregate principal Dollar Amount of Revolving Loans outstanding at such time, (y) the aggregate Letter of Credit Exposure of all Lenders at such time and (iiiz) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount of Swingline Loans outstanding at any such time outstanding that would not result in such exceed the aggregate Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding Commitments at such Lender’s Multicurrency Revolving Credit Commitmenttime. Within the limits set forth in the preceding sentence Subject to and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption of this Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower Matria may borrow, pay or prepay and reborrow Incremental Revolving Loans. repay (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect including by means of Incremental Term Loans may not be reborrowed.a

Appears in 1 contract

Sources: Credit Agreement (Matria Healthcare Inc)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Standby Loans to the Borrower, in DollarsBorrowers, at any time and from time to time on or and after the Second Restatement Date, Effective Date and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with Lender. (b) Subject to the terms hereofand conditions and relying upon the representations and warranties set forth herein and in the applicable Local Currency Addendum, in an aggregate principal amount at any time outstanding that will each Local Currency Lender agrees, severally and not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) jointly, to make Multicurrency Revolving Local Currency Loans to the Borrower, in Dollars or any Alternative Currency, Borrowers at any time and from time to time on or and after the Second Restatement Date, execution of the applicable Local Currency Addendum and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment (or the commitment under such Local Currency Addendum) of such Lender Local Currency Lender. (c) Notwithstanding anything to the contrary contained in accordance with the terms hereofthis Agreement, in an no event may Standby Loans or Local Currency Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the sum of the aggregate Standby Credit Exposures and the aggregate Competitive Loan Exposures would exceed the Total Commitment then in effect; (ii) the Standby Credit Exposure of any Lender would exceed such Lender's Commitment; or (iii) the Dollar Equivalent of the aggregate principal amount at any time of outstanding that Local Currency Loans denominated in a specified Local Currency would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitmentexceed the applicable Local Currency Facility Maximum Borrowing Amount. Within the limits set forth in foregoing limits, the preceding sentence Borrowers may borrow, pay or prepay and reborrow Standby Loans and Local Currency Loans hereunder, on and after the Effective Date and prior to the Maturity Date, subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Five Year Competitive Advance and Revolving Credit Facility Agreement (Hartford Financial Services Group Inc/De)

Commitments. (a) Subject to the terms and conditions set forth hereinherein and in Amendment No. 2, (i) each Initial Term A Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Term Loan, in Dollars, initial term A loans to the Borrower Borrowers (the proceeds of which may be allocated between the Borrowers) on the Second Restatement Date, Amendment No. 2 Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term A Loan Commitment, (ii) each Initial Term B Lender severally, and not jointly, agrees to make Dollar initial term B loansReplacement Term B Loans (as defined in Amendment No. 1) to the Borrowers (the proceeds of which may be allocated between the Borrowers) on the 2018 Replacement Term B Closing Date in Dollars in a principal amount not to exceed its Initial Term B Loan Commitment and (iii) each Initial Revolving Lender severally, and not jointly, agrees to make Initial Revolving Loans to the Borrowers (or any Borrower, ) in Dollars, Dollars or any applicable Alternate Currency at any time and from time to time on or and after the Second Restatement Amendment No. 2 Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow re-borrow Revolving Loans. Amounts paid or prepaid in respect of the Term A Loans and Initial Term B Loans may not be reborrowedre-borrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on Subject to the terms and subject to the conditions expressly set forth herein and in the applicable Incremental Revolving Credit Assumption AgreementAmendment No. 2, each Delayed Draw Term A Lender severally agrees to make Incremental Revolving Loans to the BorrowerBorrowers on any Business Day during the period from the Business Day immediately following the Amendment No. 2 Closing Date through the Delayed Draw Term A Commitment Termination Date (such period, the “Delayed Draw Term Loan Availability Period”) one or more Borrowings denominated in Dollars in an aggregate principal amount not to exceed at any time outstanding that will not result in the amount of such Delayed Draw Term A Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Delayed Draw Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan A Commitment. Amounts paid borrowed under this Section 2.01(b) and repaid or prepaid in respect of Incremental Term Loans may not be reborrowedre-borrowed. Each Borrowing consisting of a Borrowing of Delayed Draw Term A Loans made on the applicable Delayed Draw Term A Loan Funding Date shall be in a minimum principal amount of $5,000,000 and in increments of $1,000,000 in excess thereof.

Appears in 1 contract

Sources: Credit Agreement (Syneos Health, Inc.)

Commitments. (a) The Borrower and the Term Lenders acknowledge the making of the Existing Term Loans under the Original Credit Agreement and agree that, to the extent outstanding on the Restatement Effective Date, the Existing Term Loans shall continue to be outstanding as Extended Term Loans or Non-Extended Term Loans, as applicable under this Agreement and the other Loan Documents. Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Revolving Credit Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Closing Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on Subject to the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, relying upon the Borrower may borrow, pay or prepay representations and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions warranties set forth herein and in the applicable Incremental Term Loan Assumption Agreement, each Lender having an Incremental Term Loan Commitment agrees, severally and not jointly, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Community Health Systems Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, (a) each Dollar Tranche Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) agrees to make Dollar Tranche Revolving Loans to the Borrower, Borrowers in Dollars, at any time and Dollars from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) such Revolving Credit Lender’s Dollar Tranche Revolving Credit Exposure exceeding such Lender’s Dollar Tranche Commitment or (ii) the sum of the total Dollar Tranche Revolving Credit Commitment and Exposures exceeding the aggregate Dollar Tranche Commitments, (iiib) each Multicurrency Tranche Lender agrees to make Multicurrency Tranche Revolving Loans to the Borrower, Borrowers in Dollars or any Alternative Currency, at any time and Agreed Currencies from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that would will not result in (i) subject to Sections 2.04 and 2.11(b), the Dollar Amount of such Revolving Credit Lender’s Multicurrency Tranche Revolving Credit Exposure exceeding such Lender’s Multicurrency Tranche Commitment, (ii) subject to Sections 2.04 and 2.11(b), the sum of the Dollar Amount of the total Multicurrency Tranche Revolving Credit CommitmentExposures exceeding the aggregate Multicurrency Tranche Commitments or (iii) subject to Sections 2.04 and 2.11(b), the sum of the Dollar Amount of the total Multicurrency Tranche Revolving Credit Exposures, in each case denominated in Foreign Currencies, exceeding the Foreign Currency Sublimit and (c) each Term Lender with a Term Loan Commitment agrees to make a Term Loan to the Company in Dollars on the Effective Date, in an amount equal to such Lender’s Term Loan Commitment by making immediately available funds available to the Administrative Agent’s designated account, not later than the time specified by the Administrative Agent. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Dollar Tranche Revolving Loans and Multicurrency Tranche Revolving Loans. Amounts paid repaid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (LKQ Corp)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Date, TenthEleventh Amendment Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, Commitment as set forth in the TenthEleventh Amendment and (ii) each Revolving Lender severally, and not jointly, agrees to make Dollar Revolving Loans to the Borrower, Borrower in Dollars, Dollars at any time and from time to time on or and after the Second Restatement Original Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment or Incremental Facility Agreement, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Additional Loans of such Class to the Borrower, in an aggregate principal amount which Loans shall not exceed for any such Lender at the time of any time outstanding that will not result in incurrence thereof the Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the termsapplicable Refinancing Amendment, conditions and limitations set forth herein, the Borrower may borrow, pay Extension Amendment or prepay and reborrow Incremental Revolving LoansFacility Agreement. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: First Lien Credit Agreement (Waystar Holding Corp.)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term A Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Term Loan, in Dollars, initial term A loans to the Borrower Borrowers (the proceeds of which may be allocated between the Borrowers) on the Second Restatement Date, Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term A Loan Commitment, (ii) each Initial Term B Lender severally, and not jointly, agrees to make Dollar initial term B loans to the Borrowers (the proceeds of which may be allocated between the Borrowers) on the Closing Date in Dollars in a principal amount not to exceed its Initial Term B Loan Commitment and (iii) each Initial Revolving Lender severally, and not jointly, agrees to make Initial Revolving Loans to the Borrowers (or any Borrower, ) in Dollars, Dollars or any applicable Alternate Currency at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow re-borrow Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowedre-borrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject agrees to make Additional Loans of such Class to the conditions set forth herein and in Borrowers, which Loans shall not exceed for any such Lender at the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to time of any incurrence thereof the Borrower, in an aggregate principal amount at any time outstanding that will not result in Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the termsapplicable Refinancing Amendment, conditions and limitations set forth herein, the Borrower may borrow, pay Extension Amendment or prepay and reborrow Incremental Revolving LoansFacility Amendment. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (INC Research Holdings, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Date, Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, Commitment and (ii) each Revolving Lender severally, and not jointly, agrees to make Dollar Revolving Loans to the Borrower, Borrower in Dollars, Dollars at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment or Incremental Facility Amendment, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Additional Loans of such Class to the Borrower, in an aggregate principal amount which Loans shall not exceed for any such Lender at the time of any time outstanding that will not result in incurrence thereof the Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay applicable Refinancing Amendment or prepay and reborrow Incremental Revolving LoansFacility Amendment. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: First Lien Credit Agreement (ATI Physical Therapy, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, agrees (ia) to make a Tranche D A Term LoanLoan to the Company during the Effective Period, in Dollars, to the Borrower on the Second Restatement Datedollars, in a principal amount not to exceed exceeding its Tranche D Term Loan A Commitment, (iib) to make Dollar a Tranche B Term Loan to the Company during the Effective Period, in dollars, in a principal amount not exceeding its Tranche B Commitment, (c) to make a German Term Loan to Holdings during the Effective Period, in Deutschemarks, in a principal amount not exceeding its German Term Commitment, (d) to make U.S. Revolving Loans to the Borrower, in Dollars, at any time and Company from time to time on or after the Second Restatement Date, and until the earlier of during the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in such Lender's U.S. Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar 's U.S. Revolving Credit Commitment or the aggregate amount of the Lenders' U.S. Revolving Exposures exceeding the aggregate amount of the U.S. Revolving Commitments and (iiie) to make Multicurrency German Revolving Loans to Holdings and, subject to prior satisfaction of the BorrowerGerman Borrower Condition with respect to one or more of the Subsidiary Borrowers, in Dollars or any Alternative Currency, at any time and to each such Subsidiary Borrower from time to time on or after the Second Restatement Date, and until the earlier of during the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that would will not result in such Lender's German Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency 's German Revolving Credit CommitmentCommitment or the aggregate amount of the Lenders' German Revolving Exposures exceeding the aggregate amount of the German Revolving Commitments. Notwithstanding any other provision hereof, the Tranche A Term Loans, the Tranche B Term Loans and the German Term Loans shall be available only in a single drawing on a single date of Borrowing on or prior to the last day of the Effective Period, and no other Borrowing (or issuance of a Letter of Credit) may be effected hereunder prior to the making of the Term Loans. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Company and the German Borrowers as applicable, may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid repaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Sinter Metals Inc)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth herein, each Lender agrees, severally and not jointly, subject to the Final Bankruptcy Court Order: (i) each Lender with a Revolving Credit Commitment severally agrees to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, Borrowers at any time and from time to time on or after from the Second Restatement Effective Date to the Final Maturity Date, and or until the earlier reduction of the Revolving Credit Maturity Date with respect to the Dollar its Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender to zero in accordance with the terms hereof, in an aggregate principal amount of Revolving Loans at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding to exceed the amount of such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency 's Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed.; and (bii) Each each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental with a Term Loan Commitment hereby agrees, severally and not jointly, agrees to make a Term Loan to the Borrowers on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the BorrowerEffective Date, in an aggregate principal amount not to exceed its Incremental the amount of such Lender's Term Loan Commitment. (b) Notwithstanding the foregoing, the aggregate principal amount of Revolving Loans outstanding at any time to the Borrowers shall not exceed the lower of (i) the difference between (A) the Total Revolving Credit Commitment and (B) the aggregate Letter of Credit Obligations and (ii) the difference between (A) the then current Borrowing Base and (B) the aggregate Letter of Credit Obligations. The Revolving Credit Commitment of each Lender shall automatically and permanently be reduced to zero on the Final Maturity Date. Within the foregoing limits, the Borrowers may borrow, repay and reborrow Revolving Loans, on or after the Effective Date and prior to the Final Maturity Date, subject to the terms, provisions and limitations set forth herein. (c) Notwithstanding the foregoing, the aggregate principal amount of the Term Loans made on the Effective Date shall not exceed the Total Term Loan Commitment. Amounts paid Any principal amount of a Term Loan which is repaid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Financing Agreement (LTV Corp)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Parent Borrower on the Second Restatement Date, Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, (ii) each Initial Revolving Lender severally, and not jointly, agrees to make Dollar Initial Revolving Loans to the Borrower, applicable Borrowers in Dollars, Dollars or any Alternate Currency validly established after the Closing Date at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Initial Revolving Credit Commitment and (iii) each Amendment No. 1 Replacement and Incremental Revolving Lender severally, and not jointly, agrees to make Multicurrency Amendment No. 1 Replacement and Incremental Revolving Loans to the Borrower, applicable Borrowers in Dollars or any Alternative Currency, Alternate Currency validly established after the Amendment No. 1 Effective Date at any time and from time to time on or and after the Second Restatement Amendment No. 1 Effective Date, and until the earlier of the Amendment No. 1 Replacement and Incremental Revolving Credit Maturity Date with respect to and the Multicurrency termination of the Amendment No. 1 Replacement and Incremental Revolving Credit Commitment of such Lender Amendment No. 1 Replacement and the termination of the Multicurrency Incremental Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that would not result in Borrowing of Amendment No. 1 Replacement and Incremental Revolving Loans, the Outstanding Amount of such Amendment No. 1 Replacement and Incremental Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit CommitmentAmendment No. Within the limits set forth in the preceding sentence 1 Replacement and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding shall not exceed such Lender’s Incremental Revolving Credit CommitmentAmendment No. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.1

Appears in 1 contract

Sources: Credit Agreement (Ryman Hospitality Properties, Inc.)

Commitments. Subject to the terms and conditions set forth herein and in the Amendment and Restatement Agreement, (a) Subject each Lender listed on Schedule 1 to the Amendment and Restatement Agreement agrees to make a Tranche B-1 Term Loan in U.S. Dollars to the Borrower on the Restatement Effective Date in a principal amount not exceeding its Tranche B-1 Commitment or to convert such Lender’s Original Tranche B Term Loans into Tranche B-1 Term Loans on the Restatement Effective Date (in each case, as provided in the Amendment and Restatement Agreement) and (b) each Lender having a Revolving Commitment agrees (i) to make Global Revolving Loans to the Borrower from time to time during the Revolving Availability Period in U.S. Dollars or in any Alternative Currency in an aggregate principal amount that will not result in such Lender’s Global Revolving Exposure exceeding such Lender’s Global Revolving Commitment and (ii) to make U.S. Revolving Loans to the Borrower from time to time during the Revolving Availability Period in U.S. Dollars in an aggregate principal amount that will not result in such Lender’s U.S. Revolving Exposure exceeding such Lender’s U.S. Revolving Commitment, provided that no Global Revolving Loan shall be made in an Alternative Currency if, after the making of such Global Revolving Loan, the U.S. Dollar Equivalent of the aggregate principal amount of outstanding Global Revolving Loans denominated in an Alternative Currency would exceed $50,000,000. Within the foregoing limits and subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid repaid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental . All Term Loans, Revolving Loans, Swingline Loans and Letters of Credit Commitment hereby agrees, severally and not jointly, outstanding under the 2005 Credit Agreement on the Restatement Effective Date shall remain outstanding hereunder on the terms and subject to the conditions set forth herein, except as otherwise provided herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans Amendment and Restatement Agreement with respect to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Original Tranche B Term Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Burger King Holdings Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, : (a) (i) each Term A Lender agrees to make a Tranche D Term Loan, in Dollars, A Loans to the Borrower on the Second Restatement Date, Closing Date in Dollars in a principal amount not to exceed its Tranche D such ▇▇▇▇▇▇’s Term A Loan Commitment, Commitment and (ii) each Term A Lender agrees to make Dollar Revolving Term A Loans to the Borrower, Borrower on the First Amendment Effective Date in Dollars, at any time Dollars in a principal amount not to exceed such ▇▇▇▇▇▇’s Incremental Term A Loan Commitment; (b) (i) each Incremental Term B Lender agrees to make Incremental Term B Loans to the Borrower on the First Amendment Effective Date in Dollars in a principal amount not to exceed such Lender’s Incremental Term B Loan Commitment and (ii) each Incremental Term B Lender agrees to make Incremental Term B Loans to the Borrower on the Fifth Amendment Effective Date in Dollars in a principal amount not to exceed such Lender’s 2025 Incremental Term B Loan Commitment; (c) each Revolving Facility Lender agrees to make Revolving Facility Loans to the Borrower from time to time on during the Availability Period in Dollars or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, any Alternative Currency in an aggregate principal amount at any time outstanding that will not result in (i) such ▇▇▇▇▇▇’s Revolving Credit Lender’s Dollar Revolving Facility Credit Exposure exceeding such Lender’s Dollar Revolving Facility Commitment, (ii) the total Revolving Facility Credit Exposure exceeding the total Revolving Facility Commitment and or (iii) to make Multicurrency the aggregate amount of all Revolving Facility Loans to de- nominated in Alternative Currencies exceeding the Borrower, in Dollars or any Alternative Currency, at any time Currency Sublimit; and from time to time on or after (d) within the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Facility Loans. Amounts paid repaid or prepaid in respect re- spect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (EVERTEC, Inc.)

Commitments. (a) From and including the Effective Date and prior to the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to (i) make or allow there to be continued and converted Revolving Credit Loans denominated in any Syndicated Currency to the Company and (ii) participate in Swing Line Loans and Facility LCs issued upon the request of the Company, from time to time so long as after giving effect thereto (and to any other Credit Extension to be advanced or continued and to any concurrent repayment of Loans) (i) the U.S. Dollar Equivalent of the Aggregate Outstanding Revolving Credit Exposure of such Lender is equal to or less than its Revolving Credit Commitment, (ii) the U.S. Dollar Equivalent of the Aggregate Outstanding Revolving Credit Exposure of all Lenders does not exceed the Aggregate Revolving Credit Commitments and (iii) the U.S. Dollar Equivalent of the Aggregate Outstanding Credit Exposure of all Lenders does not exceed the Aggregate Commitments. Subject to the terms of this Agreement, the Company may borrow, repay and reborrow Revolving Credit Loans at any time prior to the Facility Termination Date. The Commitments to lend hereunder shall expire on the Facility Termination Date (or such earlier date as may be required pursuant to the provisions hereof). The LC Issuer will issue Facility LCs hereunder on the terms and conditions set forth in Section 2.19. (b) Subject to the terms and conditions of this Agreement and the applicable Alternate Currency Addendum, from and including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Facility Termination Date (unless an earlier termination date shall be specified in the applicable Alternate Currency Addendum), the Agent and the applicable Alternate Currency Lenders severally agree, on the terms and conditions set forth hereinin this Agreement and in the applicable Alternate Currency Addendum, to make or allow there to be continued Alternate Currency Advances under such Alternate Currency Addendum to the applicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender’s applicable Alternate Currency Commitment; provided, however, at no time shall (i) the U.S. Dollar Equivalent of the Aggregate Alternate Currency Commitments exceed $10,000,000, (ii) the U.S. Dollar Equivalent of the Alternate Currency Advances for any specific Alternate Currency exceed the aggregate of the Alternate Currency Commitments for that Alternate Currency, (iii) the U.S. Dollar Equivalent of the aggregate outstanding principal amount of the Alternate Currency Loans under any Alternate Currency Facility of any Lender exceed its Alternate Currency Commitment for such Alternate Currency Facility, and (iv) the U.S. Dollar Equivalent of the Aggregate Outstanding Credit Exposure of all Lenders exceed the Aggregate Commitments. Each Alternate Currency Advance shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender’s respective Alternate Currency Share. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the Borrowers may borrow, repay and reborrow Alternate Currency Advances at any time prior to the Facility Termination Date. On the Facility Termination Date, the outstanding principal balance of the Alternate Currency Advances shall be paid in full by the applicable Borrower and prior to the Facility Termination Date prepayments of the Alternate Currency Advances shall be made by the applicable Borrower if and to the extent required by this Agreement. (c) If for any reason any applicable Alternate Currency Lender fails to make payment to the Agent of any amount due under this Agreement and the applicable Alternate Currency Addendum, the Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Alternate Currency Lender hereunder until the Agent receives such payment from such Alternate Currency Lender or such obligation is otherwise fully satisfied. In addition to the foregoing, if for any reason any Alternate Currency Lender fails to make payment to the Agent of any amount due under this Agreement and the applicable Alternate Currency Addendum, such Alternate Currency Lender shall be deemed, at the option of the Agent, to have unconditionally and irrevocably purchased from the applicable Agent, without recourse or warranty, an undivided interest in and participation in the applicable Alternate Currency Advance in the amount such Alternate Currency Lender was required to pay pursuant to this Agreement and the applicable Alternate Currency Addendum, and such interest and such participation may be recovered from such Alternate Currency Lender together with interest thereon at the rate per annum equal to the Agent’s cost of funds for each day during the period commencing on the date of demand by the Agent and ending on the date such obligation is fully satisfied. (d) The Company may, by written notice to the Agent request the establishment of additional Alternate Currency Facilities in additional Alternate Currencies (other than Syndicated Currencies) provided the U.S. Dollar Equivalent of the aggregate amount of all of the Alternate Currency Commitments does not exceed $10,000,000 (“Request for a New Alternate Currency Facility”). The Agent will promptly forward to the Lenders any Request for a New Alternate Currency Facility received from the Company; provided each Lender agreesshall be deemed not to have agreed to such request unless its written consent thereto has been received by the Agent within ten (10) Business Days from the date of such notification by the Agent to such Lender; provided, severally further that any written consent delivered after the passage of such ten (10) Business Day period shall be effective with respect to such Lender. In the event that at least one Lender consents to such Request for a New Alternate Currency Facility, upon execution of the applicable Alternate Currency Addendum and not jointlythe other documents, instruments and agreements required pursuant to this Agreement and such Alternate Currency Addendum, the new Alternate Currency Facility shall be established. Upon the establishment of any Alternate Currency Facility under this Section 2.1(d), the relevant Borrower may, at its option and upon ten (10) Business Days prior written notice to the Agent, activate the Alternate Currency Commitments established under such Alternate Currency Facility, which notice shall specify the Alternate Currency Commitment which is being activated, the amount of such activation stated in U.S. Dollars and the requested date of activation. (Such activation notice may be provided to the Agent at the time of the Request for a New Alternate Currency Facility in the event the Borrower desires to activate the Alternate Currency Commitment immediately upon establishment of the Alternate Currency Facility in which case no waiting period shall be operative and only the advance notice period required by Section 2.3(b)(ii) shall be required). Upon activation of such Alternate Currency Commitment of any Alternate Currency Lender, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan CommitmentAlternate Currency Loans may be made under such Alternate Currency Facility, (ii) to make Dollar the amount of such Alternate Currency Lender’s Revolving Loans to Credit Commitment shall be immediately reduced by the Borroweramount of such Lender’s new Alternate Currency Commitment, in Dollars, at any time and from time to time on or after (iii) the Second Restatement DateAggregate Revolving Credit Commitments shall be immediately reduced by the aggregate amount of such Alternate Currency Commitments, and until (iv) the earlier Pro Rata Share of the Revolving Credit Maturity Date with respect to Commitment of each Lender shall be recalculated by the Dollar Agent taking into effect the reduced Revolving Credit Commitment of such Lender Alternate Currency Lender. After activation of any Alternate Currency Commitment, the Borrower may from time to time thereafter deactivate such Alternate Currency Commitment upon ten (10) Business Days prior written notice to the Agent, specifying the Alternate Currency Commitment which is being deactivated, the amount of the Alternate Currency Commitment being deactivated stated in U.S. Dollars and the termination requested date of such deactivation. Upon deactivation of such Alternate Currency Commitment of any Alternate Currency Lender, (i) the amount of such Alternate Currency Lender’s Revolving Credit Commitment shall be immediately increased by the amount of such Lender’s Alternate Currency Commitment deactivated, (ii) the Aggregate Revolving Credit Commitments shall be immediately increased by the aggregate amount of such Alternate Currency Commitments deactivated, and (iii) the Pro Rata Share of the Dollar Revolving Credit Commitment of each Lender shall be recalculated by the Agent taking into effect the increased Aggregate Revolving Credit Commitments. The Agent shall, upon any activation or deactivation under this Section 2.1(d), distribute a revised Schedule 1.1 (a) to all of the Lenders which shall indicate each Lender’s Revolving Credit Commitment and, if any, Alternate Currency Commitments, together with such Lender’s Pro Rata Share of the Aggregate Commitments and Aggregate Revolving Credit Commitments, which new Schedule 1.1(a) shall automatically supersede any prior Schedule 1.1(a). Alternate Currency Commitments may be reactivated and deactivated from time to time pursuant to this Section 2.1(d). (e) Except as otherwise required by applicable law, in no event shall the Agent or Alternate Currency Lenders have the right to accelerate the Alternate Currency Advances outstanding under any Alternate Currency Addendum or to terminate their Alternate Currency Commitments (if any), except that such Agent and Alternate Currency Lenders shall, in each case, have such rights upon an acceleration of the Loans and a termination of the Commitments pursuant to Section 8.1. (f) Immediately and automatically upon the occurrence of a Default under Sections 7.6 or 7.7, (A) each Lender shall be deemed to have unconditionally and irrevocably purchased from each Alternate Currency Lender, without recourse or warranty, an undivided interest in and participation in each Alternate Currency Loan ratably in accordance with such Lender’s Pro Rata Share of the Aggregate Commitments, (B) immediately and automatically all Alternate Currency Loans shall be converted to and redenominated in Dollars equal to the U. S. Dollar Equivalent of each such Alternate Currency Loan determined as of the date of such conversion, and (C) each Alternate Currency Lender shall be deemed to have unconditionally and irrevocably purchased from each Lender, without recourse or warranty, an undivided interest in and participation in each Revolving Credit Loan and each LC Obligation ratably in accordance with such Lender’s Pro Rata Share of the Aggregate Commitments. Each of the Lenders shall pay to the applicable Alternate Currency Lender not later than two (2) Business Days following a request for payment from such Lender, in Dollars, an amount equal to the undivided interest in and participation in the Alternate Currency Loan purchased by such Lender pursuant to this Section 2.1(f), and each of the Alternate Currency Lenders shall pay to the applicable Lender not later than two (2) Business Days following a request for payment from such Lender, in Dollars, an amount equal to the undivided interest in and participation in the Revolving Credit Loans and LC Obligations purchased by such Alternate Currency Lender pursuant to this Section 2.1(f), it being the intent of the Lenders that following such equalization payments, each Lender shall hold its Pro Rata Share of the Aggregate Outstanding Credit Exposure based on its Pro Rata Share of the Aggregate Commitments. In the event that any Lender fails to make payment to any other Lender of any amount due under this Section 2.1(f), the Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Lender hereunder until the Agent receives from such Lender an amount sufficient to discharge such Lender’s payment obligation as prescribed in this Section 2.1(f) together with interest thereon at the rate per annum equal to the Agent’s cost of funds for each day during the period commencing on the date of demand by the Agent and ending on the date such obligation is fully satisfied. (g) The Company may, with the consent of the Agent, from time to time elect to increase the Aggregate Commitments so long as, after giving effect thereto, the total amount of the Aggregate Commitments does not exceed $150,000,000. The Company may arrange for any such increase to be provided by one or more Lenders (each Lender so agreeing, electing in its sole discretion, to an increase in its Commitment, an “Increasing Lender”), or by one or more banks, financial institutions or other entities (each such bank, financial institution or other entity, an “Augmenting Lender”), to increase their existing Commitments, or extend Commitments, provided that (i) each Augmenting Lender, shall be subject to the approval of the Company and the Agent and (ii) the Company and each applicable Increasing Lender or Augmenting Lender shall execute all such documentation as the Agent shall reasonably specify as necessary to give effect to such increase. Increases and new Commitments created pursuant to this clause (g) shall become effective on the date agreed by the Company, the Agent and the relevant Increasing Lenders and Augmenting Lenders, and the Agent shall notify each affected Lender thereof. Notwithstanding the foregoing, no increase in the Aggregate Commitments (or in the Commitment of any Increasing Lender or Augmenting Lender), shall become effective under this Section 2.1(g) unless, (i) on the proposed date of the effectiveness of such increase, the conditions set forth Section 4.2 shall be satisfied and the Agent shall have received a certificate to that effect dated such date and executed by a responsible officer of the Company. On the effective date of any increase in the Aggregate Commitments, (i) each relevant Increasing Lender and Augmenting Lender shall make available to the Agent such amounts in immediately available funds and in the relevant currency or currencies as the Agent shall determine, for the benefit of the other relevant Lenders, as being required in order to cause, after giving effect to such increase and the use of such amounts to make payments to such other relevant Lenders, each Lender’s portion of the Aggregate Outstanding Credit Exposure to equal its Pro Rata Share of the Aggregate Outstanding Credit Exposure and (ii) the Company shall be deemed to have repaid and reborrowed all outstanding Loans as of the date of any increase in the relevant Commitments (with such reborrowing to consist of the Loans, with related Interest Periods if applicable, specified in a notice delivered by the Company in accordance with the terms hereofrequirements of Section 2.3). The deemed payments made pursuant to clause (ii) of the immediately preceding sentence in respect of each Eurocurrency Loan shall be subject to indemnification by the Company pursuant to the provisions of Section 3.4 if the deemed payment occurs other than on the last day of the related Interest Periods. On the effective date of any increase in the Aggregate Commitments, in an aggregate principal each Augmenting Lender and each Increasing Lender shall be deemed a Lender for purposes of this Agreement. The Agent shall promptly distribute a revised Schedule 1.1(a) to all of the Lenders, which new Schedule 1.1(a) shall automatically supercede any prior Schedule 1.1(a). (h) During the period from the Effective Date through the date on which the Total Indebtedness to EBITDA Ratio shall be equal to or less than 3.0 to 1.0 for two (2) consecutive fiscal quarters, at no time shall the amount of the Aggregate Outstanding Senior Indebtedness exceed the Borrowing Base. The Company agrees that if at any time outstanding that will not result in during such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans period an excess shall arise, it shall on the next Business Day pay to the BorrowerAgent the amount necessary to eliminate such excess, in Dollars without presentment, demand, protest or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.notice o

Appears in 1 contract

Sources: Credit Agreement (Kelly Services Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Date, Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, Commitment and (ii) each Initial Revolving Lender severally, and not jointly, agrees to make Dollar Initial Revolving Loans to the Borrower, Borrower in Dollars, Dollars or in any Revolving Alternative Currency at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Initial Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans made on the Closing Date may not be reborrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment or Incremental Facility Amendment, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Additional Loans of such Class to the Borrower, in an aggregate principal amount which Loans shall not exceed for any such Lender at the time of any time outstanding that will not result in incurrence thereof the Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay applicable Refinancing Amendment or prepay and reborrow Incremental Revolving LoansFacility Amendment. (c) Each Lender having an Subject to the terms and conditions of this Agreement and Amendment No. 34, the Amendment No. 34 Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, Lenders agree to make the Amendment No. 34 Incremental Term Loans to the Borrower, Borrower on the Amendment No. 34 Effective Date in an aggregate Dollars in a principal amount not to exceed its the Amendment No. 34 Incremental Term Loan Commitment. Amounts paid or prepaid in respect of the Amendment No. 34 Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (CCC Intelligent Solutions Holdings Inc.)

Commitments. (a) Subject to On the terms and subject to the conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, (ia) to make a Tranche D Term Loan, in Dollars, Terms Loans to the Borrower on the Second Restatement Date, Closing Date in a an aggregate principal amount not to exceed its Tranche D the Term Loan CommitmentCommitment set forth opposite such Lender's name on Schedule 2.01, and (iib) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, Closing Date and until prior to the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such to exceed (after giving effect to all Revolving Credit Lender’s Dollar Loans repaid, and all reimbursements of LC Disbursements made, concurrently with the making of any Revolving Credit Exposure exceeding such Lender’s Dollar Loans) an amount equal to the difference between (i) the Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to set forth opposite such Lender's name on Schedule 2.01, as the Borrower, in Dollars or any Alternative Currency, at any time and same may be reduced from time to time on or after the Second Restatement Datepursuant to Section 2.09, and until the earlier (ii) such Lender's Applicable Percentage of the Revolving Credit Maturity Date with respect to sum of (A) the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount of Swingline Loans outstanding at any such time outstanding that would not result in and (B) the LC Exposure at such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitmenttime. Within the limits set forth in clause (b) of the preceding sentence and subject to the terms, conditions and limitations set forth hereinsentence, the Borrower may borrow, pay or prepay and reborrow Revolving LoansLoans on or after the Closing Date and prior to the Revolving Credit Maturity Date, on the terms and subject to the conditions and limitations set forth herein. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Ta Operating Corp)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Date, Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, Commitment and (ii) each Initial Revolving Lender severally, and not jointly, agrees to make Dollar Initial Revolving Loans to the Borrower, Borrower in Dollars, Dollars or in any Revolving Alternative Currency at any time and from time to time on or and after the Second Restatement Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Initial Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans made on the Closing Date may not be reborrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment or Incremental Facility Amendment, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Additional Loans of such Class to the Borrower, in an aggregate principal amount which Loans shall not exceed for any such Lender at the time of any time outstanding that will not result in incurrence thereof the Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay applicable Refinancing Amendment or prepay and reborrow Incremental Revolving LoansFacility Amendment. (c) Each Lender having an Subject to the terms and conditions of this Agreement and Amendment No. 3, the Amendment No. 3 Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, Lenders agree to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan CommitmentAmendment No. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.3

Appears in 1 contract

Sources: Credit Agreement (CCC Intelligent Solutions Holdings Inc.)

Commitments. (a) Subject to On the terms and subject to the conditions set forth hereinherein and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, each Lender agrees, agrees severally and not jointly, jointly to make (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Domestic Revolving Loans to the U.S. Borrower, in Dollarsdollars, at any time and from time to time on or after the Second Restatement Date, Closing Date and until prior the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Domestic Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Domestic Revolving Credit Exposure exceeding such Lender’s Dollar Domestic Revolving Credit Commitment and Commitment, (iiiii) to make Multicurrency Revolving Loans to the BorrowerU.S. Borrower in dollars, the Canadian Borrower in Dollars dollars or any Alternative CurrencyCanadian Dollars, the Australian Borrower in Australian Dollars, or the Japanese Borrower in Japanese Yen, at any time and from time to time on or after the Second Restatement Date, Closing Date and until prior to the earlier of the Revolving Credit Maturity Date with respect to and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in a aggregate principal amount at any time outstanding that will not result in (x) such Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment, or (y) the Aggregate Multicurrency Revolving Credit Exposure attributable to Loans to, and Letters of Credit issued for the account of, (A) the Australian Borrower and the New Zealand Borrower exceeding the ANZ Sublimit, (B) the Canadian Borrower exceeding the Canadian Sublimit or (C) the Japanese Borrower exceeding the Japanese Sublimit, and (iii) U.K. Revolving Loans to the U.S. Borrower in dollars or the U.K. Borrower in Pounds or Euro, at any time and from time to time on or after the Closing Date and prior to the earlier of the Revolving Credit Maturity Date and the termination of the Multicurrency U.K. Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would will not result in such Revolving Credit Lender’s Multicurrency U.K. Revolving Credit Exposure exceeding such Lender’s Multicurrency U.K. Revolving Credit Commitment. The Borrowers and the Lenders acknowledge the making of Loans prior to the Second Restatement Date under the Existing Credit Agreement and under the Tranche A-1 Loan Agreement and agree that, to the extent outstanding on the Second Restatement Date, such Loans shall continue to be outstanding pursuant to the terms and conditions of this Agreement and the other Loan Documents. Within the limits set forth in the preceding first sentence of this Section 2.01 and subject to the terms, conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Cb Richard Ellis Group Inc)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Standby Loans to the Borrower, in DollarsBorrowers, at any time and from time to time on or and after the Second Restatement Date, Effective Date and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with Lender. (b) Subject to the terms hereofand conditions and relying upon the representations and warranties set forth herein and in the applicable Local Currency Addendum, in an aggregate principal amount at any time outstanding that will each Local Currency Lender agrees, severally and not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) jointly, to make Multicurrency Revolving Local Currency Loans to the Borrower, in Dollars or any Alternative Currency, applicable Borrowers at any time and from time to time on or and after the Second Restatement Date, execution of the applicable Local Currency Addendum and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Commitment (or the commitment under such Local Currency Addendum) of such Local Currency Lender. (c) Notwithstanding anything to the contrary contained in this Agreement, in no event may Standby Loans or Local Currency Loans be borrowed under this Article II or any Local Currency Addendum if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the sum of the aggregate Standby Credit Exposures and the aggregate Competitive Loan Exposures would exceed the Total Commitment then in effect; (ii) the Standby Credit Exposure of any Lender (and the Affiliates of such Lender in accordance with that are Local Currency Lenders) would exceed such Lender’s Commitment; (iii) the terms hereof, in an portion of the aggregate Standby Credit Exposures (excluding LC Exposures) and the aggregate Competitive Loan Exposures attributable to Borrowings by Hartford Life would exceed $250,000,000 or (iv) the Dollar Equivalent of the aggregate principal amount at of outstanding Local Currency Loans under any time outstanding that Local Currency Addendum would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitmentexceed the applicable Local Currency Facility Maximum Borrowing Amount. Within the limits set forth in foregoing limits, the preceding sentence Borrowers may borrow, pay or prepay and reborrow Standby Loans and Local Currency Loans hereunder, on and after the Effective Date and prior to the Maturity Date, subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Five Year Competitive Advance and Revolving Credit Facility Agreement (Hartford Life Inc)

Commitments. (a) Subject to the terms and conditions hereof and relying upon the representations and warranties set forth herein: (a) on the Closing Date, in accordance with and upon the terms and conditions set forth in the Restatement Agreement, (i) each Exchanging Term Lender (as defined in the Restatement Agreement) agrees to exchange all of its Existing Term Loans (as defined in the Restatement Agreement) with Term Loans hereunder in an equal principal amount and (ii) each Additional Term Lender (as defined in the Restatement Agreement) agrees to make Term Loans in the form of Additional Term Loans (as defined in the Restatement Agreement) in dollars to the Borrower in an amount notified to such Additional Term Lender by the Administrative Agent; (b) [reserved]; and (c) each Revolving Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar fund Revolving Loans in dollars to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, Fourth Amendment Effective Date and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Revolving Lender in accordance with the terms hereof, hereof in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar (x) Revolving Credit Exposure exceeding such Revolving Lender’s Dollar Revolving Credit Commitment and or (iiiy) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Revolving Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence clause (c) above and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agreesLoans, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental New Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Refinancing Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (NRG Energy, Inc.)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth herein, each Lender agrees, severally and not jointly, forth: (i) each Revolving Loan Lender severally agrees to make a Tranche D Term Loan, Revolving Loans in Dollars, Dollars to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, Borrowers at any time and from time to time on or after from the Second Restatement Effective Date to the Final Maturity Date, and or until the earlier reduction of the Revolving Credit Maturity Date with respect to the Dollar its Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender to zero in accordance with the terms hereof, in an aggregate principal amount of Revolving Loans at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding to exceed the amount of such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (bii) Each each Term Loan Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, agrees to make its portion of the Term Loan in Dollars to the Borrowers on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the BorrowerEffective Date, in an aggregate principal amount not to exceed its Incremental the amount of such Lender’s Term Loan Commitment. (b) Notwithstanding the foregoing: (i) The aggregate principal amount of all Revolving Loans outstanding at any time to the Borrowers shall not exceed the lower of (A) the difference between (x) the Total Revolving Credit Commitment and (y) the aggregate Letter of Credit Obligations and (B) the difference between (x) the then current Borrowing Base and (y) the aggregate Letter of Credit Obligations. (ii) Each Revolving Credit Commitment of each Lender shall automatically and permanently be reduced to zero on the Final Maturity Date. Within the foregoing limits, the Borrowers may borrow, repay and reborrow Revolving Loans, on or after the Effective Date and prior to the Final Maturity Date, subject to the terms, provisions and limitations set forth herein. (iii) The aggregate principal amount of the Term Loan made on the Effective Date shall not exceed the Total Term Loan Commitment. Amounts paid Any principal amount of the Term Loan which is repaid or prepaid in respect of Incremental Term Loans may not be reborrowed. (iv) The aggregate principal amount of all Loans and Letter of Credit Obligations outstanding at any time to the Borrowers shall not exceed the Total Commitment. (c) At any time upon the delivery of not less than three (3) Business Days’ prior written notice to the Administrative Agent, the Administrative Borrower may on one or more occasions, elect to activate the inclusion of Eligible Special Inventory in the Borrowing Base in an aggregate amount at any time of up to $15,000,000, with each such election being subject to the following terms and conditions: (i) such amount may be activated in a minimum amount of $5,000,000 and in larger amounts that are integral multiples of $5,000,000 in excess thereof; (ii) as a condition to each activation pursuant to clauses (i) or (iii), the Borrowers shall pay an activation fee of 0.50% on the incremental amount being activated pursuant to such clauses at such time; and (iii) each activation pursuant to this clause (c) shall remain in effect for a period of one (1) year following the date that such activation becomes effective, and may be renewed annually for an additional period of one (1) year subject the payment of an additional activation fee pursuant to clause (ii). The aggregate activated amounts at any time elected and in effect pursuant to this Section 2.01(c) is referred to herein as the “Permitted Special Activated Amount”.

Appears in 1 contract

Sources: Financing Agreement (Funko, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein: (a) On the Restatement Effective Date, the “Term A Loans” (under and as defined in the Original Credit Agreement) of each Term A Lender shall continue hereunder and are deemed to be Term A Loans; (b) each Lender agrees, severally and not jointly, (i) with a Term A-1 Loan Commitment on the Restatement Effective Date is deemed to make a Tranche D Term Loan, A-1 Loan denominated in Dollars, Dollars to the Borrower Borrowers on the Second Restatement Date, Effective Date in a principal amount not equal to exceed its Tranche D Term A-1 Loan Commitment, ; (iic) each Lender with a Deferred Term A Loan Commitment on the Restatement Effective Date is deemed to make Dollar Revolving Loans a Deferred Term A Loan denominated in ​ Dollars to the Borrower, Borrowers on the Restatement Effective Date in Dollars, at any time and a principal amount equal to its Deferred Term A Loan Commitment; (d) each Lender agrees to make Revolving Facility Loans denominated in Dollars of a Class to the Borrowers from time to time on or after during the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) such Revolving Credit Lender’s Dollar Revolving Facility Credit Exposure of such Class exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Facility Commitment of such Lender and Class or (ii) the termination of the Multicurrency Revolving Facility Credit Commitment Exposure of such Lender in accordance with Class exceeding the terms hereof, in an aggregate principal amount at any time outstanding that would not result in total Revolving Facility Commitments of such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit CommitmentClass. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow amounts under the Revolving Facility Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed.; (be) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on subject to the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans denominated in Dollars to the BorrowerBorrowers, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment; (f) with respect to each Converted Term A Loan of each Amendment No. Amounts paid or prepaid in 1 Consenting Lender, a principal amount of such Converted Term A Loan equal to (x) the Converted Deferred Term A-1 Loan Amount thereof, shall be converted into a Deferred Term A-1 Loan of like principal amount on the Amendment No. 1 Effective Date and (y) the remaining principal amount of such Converted Term A Loan after giving effect to the conversion pursuant to subclause (x) above, shall be converted into a Term A-2 Loan on the Amendment No. 1 Effective Date; (g) with respect to each Converted Term A-1 Loan of Incremental each Amendment No. 1 Consenting Lender, a principal amount of such Converted Term Loans may not A-1 Loan equal to (x) the Converted Deferred Term A-1 Loan Amount thereof, shall be reborrowedconverted into a Deferred Term A-1 Loan of like principal amount on the Amendment No. 1 Effective Date and (y) the remaining principal amount of such Converted Term A-1 Loan after giving effect to the conversion pursuant to subclause (x) above, shall be converted into a Term A-2 Loan on the Amendment No. 1 Effective Date; and (h) the Converted Deferred Term A Loan of each Amendment No. 1 Consenting Lender shall be converted into a Deferred Term A-1 Loan of like principal amount on the Amendment No. 1 Effective.

Appears in 1 contract

Sources: Credit Agreement (Norwegian Cruise Line Holdings Ltd.)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, having a Tranche B Term Loan Commitment severally and not jointly, (i) agrees to make a loan (a “Tranche D B Term Loan, in Dollars, ”) on the Closing Date to the Borrower on Company in Dollars by making immediately available funds to the Second Restatement DateAdministrative Agent’s account not later than the time specified by the Administrative Agent, in a principal amount which Tranche B Term Loans shall not to exceed its for any such Lender the Tranche D B Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid repaid in respect of Tranche B Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on Subject to the terms and subject to the conditions set forth herein and in the applicable Incremental herein, each U.S. Revolving Credit Assumption Agreement, Lender agrees to make Incremental U.S. Revolving Loans to either Borrower in Dollars from time to time during the Borrower, Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) such Lender’s Incremental U.S. Revolving Credit Exposure exceeding such Lender’s Incremental U.S. Revolving Commitments or (ii) the total U.S. Revolving Credit CommitmentExposures exceeding the sum of the total U.S. Revolving Commitments. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower Borrowers may borrow, pay or prepay and reborrow Incremental U.S. Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on Subject to the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreementherein, each Alternative Currency Revolving Lender agrees to make Incremental Term Alternative Currency Revolving Loans to either Borrower in Dollars or Alternative Currencies from time to time during the Borrower, Availability Period in an aggregate principal amount that will not result in (i) the Dollar Equivalent of such Lender’s Alternative Currency Revolving Credit Exposure exceeding such Lender’s Alternative Currency Revolving Commitment or (ii) subject to exceed its Incremental Section 1.12, the Dollar Equivalent of the total Alternative Currency Revolving Credit Exposures exceeding the sum of the total Alternative Currency Revolving Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Alternative Currency Revolving Loans. (d) Subject to the terms and conditions set forth herein, each Lender having a Delayed Draw Tranche B Term Loan CommitmentCommitment severally agrees to make a Tranche B Term Loan on up to two occasions on or before the Delayed Draw Termination Date to the Company in Dollars by making immediately available funds to the Administrative Agent’s account not later than the time specified by the Administrative Agent, which Tranche B Term Loans shall not in the aggregate exceed for any such Lender the Delayed Draw Tranche B Term Loan Commitment of such Lender; provided that the Company shall be in compliance, calculated on a Pro Forma Basis, with the covenants contained in Section 6.09 as of the last day of the most recent fiscal quarter of the Company for which financial statements have been delivered pursuant to Section 5.01(a) or (b) prior to such time. Amounts paid or prepaid repaid in respect of Incremental Tranche B Term Loans may not be reborrowed. The Delayed Draw Tranche B Term Loan Commitments shall terminate immediately upon the Delayed Draw Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Dole Food Co Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) each Initial Term Lender agreesseverally, severally and not jointly, (i) agrees to make a Tranche D Initial Term Loan, in Dollars, Loans to the Borrower on the Second Restatement Date, NinthTenth Amendment Closing Date in Dollars in a principal amount not to exceed its Tranche D Initial Term Loan Commitment, Commitment as set forth in the NinthTenth Amendment and (ii) each Revolving Lender severally, and not jointly, agrees to make Dollar Revolving Loans to the Borrower, Borrower in Dollars, Dollars at any time and from time to time on or and after the Second Restatement Original Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment or Incremental Facility Agreement, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, agrees to make Incremental Revolving Additional Loans of such Class to the Borrower, in an aggregate principal amount which Loans shall not exceed for any such Lender at the time of any time outstanding that will not result in incurrence thereof the Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the termsapplicable Refinancing Amendment, conditions and limitations set forth herein, the Borrower may borrow, pay Extension Amendment or prepay and reborrow Incremental Revolving LoansFacility Agreement. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: First Lien Credit Agreement (Waystar Holding Corp.)

Commitments. (a) From and including the Effective Date and prior to the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to (i) make or allow there to be continued and converted Revolving Credit Loans denominated in any Syndicated Currency to the Company and (ii) participate in Facility LCs issued upon the request of the Company, from time to time so long as after giving effect thereto (and to any other Credit Extension to be advanced or continued and to any concurrent repayment of Loans) (i) the U.S. Dollar Equivalent of the Aggregate Outstanding Revolving Credit Exposure of such Lender are equal to or less than its Revolving Credit Commitment, (ii) the U.S. Dollar Equivalent of the Aggregate Outstanding Revolving Credit Exposure of all Lenders does not exceed the Aggregate Revolving Credit Commitments and (iii) the U.S. Dollar Equivalent of the Aggregate Outstanding Credit Exposure of all Lenders does not exceed the Aggregate Commitments. Subject to the terms of this Agreement, the Company may borrow, repay and reborrow Revolving Credit Loans at any time prior to the Facility Termination Date. The Commitments to lend hereunder shall expire on the Facility Termination Date (or such earlier date as may be required pursuant to the provisions hereof). The LC Issuer will issue Facility LCs hereunder on the terms and conditions set forth in Section 2.19. (b) Subject to the terms and conditions set forth hereinof this Agreement and the applicable Alternate Currency Addendum, each Lender agrees, severally from and not jointly, (i) to make a Tranche D Term Loan, in Dollars, including the later of the date of this Agreement and the date of execution of the applicable Alternate Currency Addendum and prior to the Borrower on Facility Termination Date (unless an earlier termination date shall be specified in the Second Restatement Dateapplicable Alternate Currency Addendum), in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender Agent and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, applicable Alternate Currency Lenders severally and not jointlyagree, on the terms and subject to the conditions set forth herein in this Agreement and in the applicable Incremental Revolving Credit Assumption AgreementAlternate Currency Addendum, to make Incremental Revolving Loans or allow there to be continued Alternate Currency Advances under such Alternate Currency Addendum to the Borrowerapplicable Borrower party to such Alternate Currency Addendum from time to time in the applicable Alternate Currency, in an amount not to exceed each such Alternate Currency Lender's applicable Alternate Currency Commitment; provided, however, at no time shall (i) the U.S. Dollar Equivalent of the Aggregate Alternate Currency Commitments exceed $25,000,000, (ii) the U.S. Dollar Equivalent of the Alternate Currency Advances for any specific Alternate Currency exceed the aggregate of the Alternate Currency Commitments for that Alternate Currency, (iii) the U.S. Dollar Equivalent of the aggregate outstanding principal amount of the Alternate Currency Loans under any Alternate Currency Facility of any Lender exceed its Alternate Currency Commitment for such Alternate Currency Facility, and (iv) the U.S. Dollar Equivalent of the Aggregate Outstanding Credit Exposure of all Lenders exceed the Aggregate Commitments. Each Alternate Currency Advance shall consist of Alternate Currency Loans made by each applicable Alternate Currency Lender ratably in proportion to such Alternate Currency Lender's respective Alternate Currency Share. Subject to the terms of this Agreement and the applicable Alternate Currency Addendum, the Borrowers may borrow, repay and reborrow Alternate Currency Advances at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject prior to the terms, conditions and limitations set forth hereinFacility Termination Date. On the Facility Termination Date, the outstanding principal balance of the Alternate Currency Advances shall be paid in full by the applicable Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loansprior to the Facility Termination Date prepayments of the Alternate Currency Advances shall be made by the applicable Borrower if and to the extent required by this Agreement. (c) Each If for any reason any applicable Alternate Currency Lender having fails to make payment to the Agent of any amount due under this Agreement and the applicable Alternate Currency Addendum, the Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Alternate Currency Lender hereunder until the Agent receives such payment from such Alternate Currency Lender or such obligation is otherwise fully satisfied. In addition to the foregoing, if for any reason any Alternate Currency Lender fails to make payment to the Agent of any amount due under this Agreement and the applicable Alternate Currency Addendum, such Alternate Currency Lender shall be deemed, at the option of the Agent, to have unconditionally and irrevocably purchased from the applicable Agent, without recourse or warranty, an Incremental Term Loan Commitment hereby agreesundivided interest in and participation in the applicable Alternate Currency Advance in the amount such Alternate Currency Lender was required to pay pursuant to this Agreement and the applicable Alternate Currency Addendum, severally and not jointly, such interest and such participation may be recovered from such Alternate Currency Lender together with interest thereon at the rate per annum equal to the Agent's cost of funds for each day during the period commencing on the terms date of demand by the Agent and ending on the date such obligation is fully satisfied. (d) The Company may, by written notice to the Agent request the establishment of additional Alternate Currency Facilities in additional Alternate Currencies (other than Syndicated Currencies) provided the U.S. Dollar Equivalent of the aggregate amount of all of the Alternate Currency Commitments does not exceed $25,000,000 ("Request for a New Alternate Currency Facility"). The Agent will promptly forward to the Lenders any Request for a New Alternate Currency Facility received from the Company; provided each Lender shall be deemed not to have agreed to such request unless its written consent thereto has been received by the Agent within ten (10) Business Days from the date of such notification by the Agent to such Lender; provided, further that any written consent delivered after the passage of such ten (10) Business Day period shall be effective with respect to such Lender. In the event that at least one Lender consents to such Request for a New Alternate Currency Facility, upon execution of the applicable Alternate Currency Addendum and the other documents, instruments and agreements required pursuant to this Agreement and such Alternate Currency Addendum, the new Alternate Currency Facility shall be established. Upon the establishment of any Alternate Currency Facility under this Section 2.1(d), the relevant Borrower may, at its option and upon ten (10) Business Days prior written notice to the Agent, activate the Alternate Currency Commitments established under such Alternate Currency Facility, which notice shall specify the Alternate Currency Commitment which is being activated, the amount of such activation stated in U.S. Dollars and the requested date of activation. (Such activation notice may be provided to the Agent at the time of the Request for a New Alternate Currency Facility in the event the Borrower desires to activate the Alternate Currency Commitment immediately upon establishment of the Alternate Currency Facility in which case no waiting period shall be operative and only the advance notice period required by Section 2.3(b)(ii) shall be required). Upon activation of such Alternate Currency Commitment of any Alternate Currency Lender, (i) Alternate Currency Loans may be made under such Alternate Currency Facility, (ii) the amount of such Alternate Currency Lender's Revolving Credit Commitment shall be immediately reduced by the amount of such Lender's new Alternate Currency Commitment, (iii) the Aggregate Revolving Credit Commitments shall be immediately reduced by the aggregate amount of such Alternate (a) to all of the Lenders which shall indicate each Lender's Revolving Credit Commitment and, if any, Alternate Currency Commitments, together with such Lender's Pro Rata Share of the Aggregate Commitments and Aggregate Revolving Credit Commitments, which new Schedule 1.1(a) shall automatically supersede any prior Schedule 1.1(a). Alternate Currency Commitments may be reactivated and deactivated from time to time pursuant to this Section 2.1(d). (e) Except as otherwise required by applicable law, in no event shall the Agent or Alternate Currency Lenders have the right to accelerate the Alternate Currency Advances outstanding under any Alternate Currency Addendum or to terminate their Alternate Currency Commitments (if any), except that such Agent and Alternate Currency Lenders shall, in each case, have such rights upon an acceleration of the Loans and a termination of the Commitments pursuant to Section 8.1. (f) Immediately and automatically upon the occurrence of a Default under Sections 7.6 or 7.7, (A) each Lender shall be deemed to have unconditionally and irrevocably purchased from each Alternate Currency Lender, without recourse or warranty, an undivided interest in and participation in each Alternate Currency Loan ratably in accordance with such Lender's Pro Rata Share of the Aggregate Commitments, (B) immediately and automatically all Alternate Currency Loans shall be converted to and redenominated in Dollars equal to the U. S. Dollar Equivalent of each such Alternate Currency Loan determined as of the date of such conversion, and (C) each Alternate Currency Lender shall be deemed to have unconditionally and irrevocably purchased from each Lender, without recourse or warranty, an undivided interest in and participation in each Revolving Credit Loan and each LC Obligation ratably in accordance with such Lender's Pro Rata Share of the Aggregate Commitments. Each of the Lenders shall pay to the applicable Alternate Currency Lender not later than two (2) Business Days following a request for payment from such Lender, in Dollars, an amount equal to the undivided interest in and participation in the Alternate Currency Loan purchased by such Lender pursuant to this Section 2.1(f), and each of the Alternate Currency Lenders shall pay to the applicable Lender not later than two (2) Business Days following a request for payment from such Lender, in Dollars, an amount equal to the undivided interest in and participation in the Revolving Credit Loans and LC Obligations purchased by such Alternate Currency Lender pursuant to this Section 2.1(f), it being the intent of the Lenders that following such equalization payments, each Lender shall hold its Pro Rata Share of the Aggregate Outstanding Credit Exposure based on its Pro Rata Share of the Aggregate Commitments. In the event that any Lender fails to make payment to any other Lender of any amount due under this Section 2.1(f), the Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Lender hereunder until the Agent receives from such Lender an amount sufficient to discharge such Lender's payment obligation as prescribed in this Section 2.1(f) together with interest thereon at the rate per annum equal to the Agent's cost of funds for each day during the period commencing on the date of demand by the Agent and ending on the date such obligation is fully satisfied. (g) The Company may from time to time elect to increase the Aggregate Commitments so long as, after giving effect thereto, the total amount of the Aggregate Commitments does not exceed $175,000,000. The Company may arrange for any such increase to be provided by one or more Lenders (each Lender so agreeing, electing in its sole discretion, to an increase in its Commitment, an "Increasing Lender"), or by one or more banks, financial institutions or other entities (each such bank, financial institution or other entity, an "Augmenting Lender"), to increase their existing Commitments, or extend Commitments, provided that (i) each Augmenting Lender, shall be subject to the approval of the Company and the Agent and (ii) the Company and each applicable Increasing Lender or Augmenting Lender shall execute all such documentation as the Agent shall reasonably specify as necessary to give effect to such increase. Increases and new Commitments created pursuant to this clause (c) shall become effective on the date agreed by the Company, the Agent and the relevant Increasing Lenders and Augmenting Lenders, and the Agent shall notify each affected Lender thereof. Notwithstanding the foregoing, no increase in the Aggregate Commitments (or in the Commitment of any Increasing Lender or Augmenting Lender), shall become effective under this Section 2.1(g) unless, (i) on the proposed date of the effectiveness of such increase, the conditions set forth herein Section 4.2 shall be satisfied and the Agent shall have received a certificate to that effect dated such date and executed by a responsible officer of the Company. On the effective date of any increase in the Aggregate Commitments, (i) each relevant Increasing Lender and Augmenting Lender shall make available to the Agent such amounts in immediately available funds and in the applicable Incremental Term Loan Assumption Agreementrelevant currency or currencies as the Agent shall determine, for the benefit of the other relevant Lenders, as being required in order to cause, after giving effect to such increase and the use of such amounts to make Incremental Term payments to such other relevant Lenders, each Lender's portion of the Aggregate Outstanding Credit Exposure to equal its Pro Rata Share of the Aggregate Outstanding Credit Exposure and (ii) the Company shall be deemed to have repaid and reborrowed all outstanding Loans as of the date of any increase in the relevant Commitments (with such reborrowing to consist of the BorrowerLoans, with related Interest Periods if applicable, specified in an aggregate principal amount not a notice delivered by the Company in accordance with the requirements of Section 2.3). The deemed payments made pursuant to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid clause (ii) of the immediately preceding sentence in respect of Incremental Term Loans may not each Eurocurrency Loan shall be reborrowedsubject to indemnification by the Company pursuant to the provisions of Section 3.4 if the deemed payment occurs other than on the last day of the related Interest Periods. On the effective date of any increase in the Aggregate Commitments, each Augmenting Lender and each Increasing Lender shall be deemed a Lender for purposes of this Agreement. The Agent shall promptly distribute a revised Schedule 1.1(a) to all of the Lenders, which new Schedule 1.1 (a) shall automatically supercede any prior Schedule 1.1(a).

Appears in 1 contract

Sources: Loan Agreement (Kelly Services Inc)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, Loan to the Borrower on the Second Restatement Closing Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, and (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Closing Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in clause (ii) of the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid prepaid or prepaid repaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (TransDigm Group INC)

Commitments. (a) Subject to the terms and conditions hereof and relying upon the representations and warranties set forth herein: (a) on the Closing Date, in accordance with and upon the terms and conditions set forth in the Restatement Agreement, (i) each Exchanging Term Lender (as defined in the Restatement Agreement) agrees to exchange all of its Existing Term Loans (as defined in the Restatement Agreement) with Term Loans hereunder in an equal principal amount and (ii) each Additional Term Lender (as defined in the Restatement Agreement) agrees to make Term Loans in the form of Additional Term Loans (as defined in the Restatement Agreement) in dollars to the Borrower in an amount notified to such Additional Term Lender by the Administrative Agent; (b) [reserved]; and (c) each Revolving Lender agrees, severally and not jointly, (i) to make a Tranche D Term Loan, in Dollars, to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar fund Revolving Loans in dollars or an Alternative Currency to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, Sixth Amendment Effective Date and until the earlier of the Revolving Credit Maturity Date with respect to for the Dollar applicable Class of Revolving Credit Commitment of such Lender Commitments and the termination of the Dollar applicable Revolving Credit Commitment of such Revolving Lender in accordance with the terms hereof, hereof in an aggregate principal amount at any time outstanding that will not result in the Dollar Equivalent of such Revolving Credit Lender’s Dollar (w) Revolving Credit Exposure exceeding such Revolving Lender’s Dollar Revolving Credit Commitment and Commitment, (iiix) to make Multicurrency Tranche A Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Revolving Lender’s Multicurrency Tranche A Revolving Credit Commitment, (y) Tranche B Revolving Exposure exceeding such Revolving Lender’s Tranche B Revolving Commitment or (z) Tranche C Revolving Exposure exceeding such Revolving Lender’s Tranche C Revolving Commitment. Within the limits set forth in the preceding sentence clause ‎(c) above and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agreesLoans, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental New Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Refinancing Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (NRG Energy, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, (i) to make made a Tranche D 1 Term Loan, in Dollars, Loan to the Borrower on the Second First Restatement Date, in a principal amount not to exceed its Tranche D Term Loan Commitment, (ii) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Effective Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit its Tranche 1 Term Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay Amounts repaid or prepay and reborrow Revolving Loans. Amounts paid or prepaid prepayed in respect of Tranche 1 Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on Subject to the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreementherein, each Lender agrees to make Incremental Revolving Loans to the Borrower, Borrower from time to time during the Revolving Availability Period in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding the lesser of (i) such Lender’s Incremental Revolving Credit CommitmentCommitment and (ii) such Lender’s Applicable Percentage of an amount equal to (A) the Borrowing Base Amount in effect at such time minus (B) the sum of (1) the outstanding Tranche 1 Term Loans at such time, (2) the outstanding Tranche 2 Term Loans at such time, (3) the outstanding Tranche 3 Term Loans at such time, (4) the outstanding Other Term Loans at such time, (5) the Other Revolving Exposures at such time and (6) the Additional Senior Debt at such time. Within the foregoing limits set forth in the preceding sentence and subject to the terms, terms and conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on Subject to the terms and subject to the conditions set forth herein and in the applicable Incremental herein, each Lender made a Tranche 2 Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, Borrower on the Second Restatement Effective Date in an aggregate principal amount not to exceed exceeding its Incremental Tranche 2 Term Loan Commitment. Amounts paid repaid or prepaid prepayed in respect of Incremental Tranche 2 Term Loans may not be reborrowed. (d) Subject to the terms and conditions set forth herein, each Lender made a Tranche 3 Term Loan to the Borrower on the 2008 Restatement Effective Date in an aggregate principal amount not exceeding its Tranche 3 Term Commitment. Amounts repaid or prepayed in respect of Term Loans may not be reborrowed. Notwithstanding anything to the contrary contained herein (and without affecting any other provisions hereof), the funded portion of each Tranche 3 Term Loan made on the 2008 Restatement Effective Date (i.e., the amount advanced to the Borrower on the 2008 Restatement Effective Date) was equal to 90.00% of the principal amount of such Loan (it being agreed that the full principal amount of each such Loan will be deemed outstanding on the 2008 Restatement Effective Date and the Borrower shall be obligated to repay 100% of the principal amount of each such Loan as provided hereunder). (e) Notwithstanding anything herein to the contrary (including the provisions contained in Sections 6.01(c) and 9.19), if there is more than one Class of Revolving Commitments and Other Revolving Commitments outstanding at any time, then (a) borrowings and prepayments (but not repayments at maturity) of borrowings under all such Commitments shall be made pro rata among the Lenders holding such Commitments (based on the respective amounts of the Revolving Commitments and Other Revolving Commitments held by such Lenders) and (b) each Class of Revolving Commitments and Other Revolving Commitments (and the terms of the Revolving Loans and Other Revolving Loans made pursuant to such Commitments) will be treated substantially the same as one another; provided, however, that (i) the commitment fees, letter of credit fees and other similar fees payable in respect thereof and the interest rates payable in respect of the Loans made pursuant thereto need not be the same, (ii) the maturity date and commitment periods in respect thereof need not be the same, (iii) the Borrower may Refinance all or any portion of any Class of Revolving Commitments or Other Revolving Commitments (and prepay or otherwise Refinance the Loans and other extensions of credit outstanding thereunder) pursuant to Section 6.01(a)(i) without Refinancing any other Class of Revolving Commitments or Other Revolving Commitments (or the Loans and other extensions of credit outstanding thereunder) and (iv) the Administrative Agent may, with the consent of the Borrowing Base Agents (which consent shall not be unreasonably withheld), permit other differences in the terms thereof that would otherwise be permitted by Section 6.01(c) or 9.19 (as applicable), including to address the treatment of Letters of Credit and Swingline Loans to be made available thereunder.

Appears in 1 contract

Sources: Credit Agreement (Rite Aid Corp)

Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth hereinforth, each Lender agrees, severally and not jointly, : (ia) to make a Tranche D Term Loan, in Dollars, Loan to the Borrower on the Second Restatement Date, Closing Date in a the principal amount not equal to exceed its Tranche D Closing Date Term Loan Commitment, ; (b) to make a Term Loan to Borrower on the first to occur of (i) the ISI Acquisition Closing Date (provided the ISI Acquisition Closing Date occurs on or before the Delayed Draw Term Loan Commitment Termination Date) or (ii) the Alternate Permitted Acquisition Closing Date (provided the Alternate Permitted Acquisition Closing Date occurs on or before the Delayed Draw Term Loan Commitment Termination Date), in each case in the principal amount equal to its Delayed Draw Term Loan Commitment (or, if less, its Pro Rata Percentage of the Acquisition Consideration, payable by Borrower in cash on the closing date of such Alternate Permitted Acquisition); and (c) to make Dollar Revolving Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and Closing Date until the earlier of the Revolving Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving Credit Lender’s Dollar Revolving Credit Exposure exceeding such Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence clause (b) above and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: First Lien Credit Agreement (Critical Homecare Solutions Holdings, Inc.)

Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, (i) to make a Tranche D B Term Loan, in Dollars, Loan to the Borrower on the Second Restatement Date, in a principal amount not to exceed its Tranche D B Term Loan Commitment, (ii) to make Dollar a Tranche C Term Loan to the Borrower on the Restatement Date, in a principal amount not to exceed its Tranche C Term Loan Commitment, (iii) to make Revolving A Loans to the Borrower, in Dollars, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving A Credit Maturity Date with respect to the Dollar Revolving Credit Commitment of such Lender and the termination of the Dollar Revolving A Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Revolving A Credit Lender’s Dollar Revolving A Credit Exposure exceeding such Lender’s Dollar Revolving A Credit Commitment and (iiiiv) to make Multicurrency Revolving B Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, Date and until the earlier of the Revolving B Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving B Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit B Lender’s Multicurrency Revolving B Credit Exposure exceeding such Lender’s Multicurrency Revolving B Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Revolving Loans; provided that until the Revolving A Credit Maturity Date, any such borrowing, payment, prepayment or reborrowing shall be allocated ratably according to the Pro Rata Percentages of each Revolving Credit Lender without regard to the Class of Revolving Credit Commitments held by such Revolving Credit Lender. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. (b) Each Lender having an Incremental Revolving Credit Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to the Borrower, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Incremental Revolving Credit Exposure exceeding such Lender’s Incremental Revolving Credit Commitment. Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or prepay and reborrow Incremental Revolving Loans. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (TransDigm Group INC)

Commitments. (a) Subject to the terms and conditions set forth herein, (i) certain Existing Lenders severally, each Lender agrees, severally and not jointly, made Existing Term Loans to the Borrowers prior to the Restatement Date as set forth on Schedule 1.01(a)(ii); (iii) each Restatement Date Term Lender severally, and not jointly, agrees to make a Tranche D Restatement Date Term Loan, in Dollars, Loans to the Canadian Borrower or NTI (or a combination thereof) on the Second Restatement Date, Date in Dollars in a principal amount that does not to exceed its Tranche D Restatement Date Term Loan Commitment. The Restatement Date Term Loan Commitments of the Restatement Date Term Lenders shall terminate concurrently with the making of the Restatement Date Term Loans on the Restatement Date. Amounts paid or prepaid, in whole or in part, in respect of the Restatement Date Term Loans may not be reborrowed. The Restatement Date Term Loans and the Existing Term Loans are the same Class of Term Loans for all purposes under this Agreement; (iiiii) each Revolving Lender severally, and not jointly, agrees to make Dollar Revolving Loans to the Borrower, any Revolving Borrower in Dollars, Dollars or Canadian Dollars at any time and from time to time on or and after the Second Restatement Date, and until the earlier of the Initial Revolving Credit Maturity Date with respect to and the Dollar termination of the Initial Revolving Credit Commitment of such Lender and the termination of the Dollar Initial Revolving Credit Commitment of such Lender in accordance with the terms hereof; provided that, in an aggregate principal amount at after giving effect to any time outstanding that will not result in Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Credit Lender’s Dollar Initial Revolving Credit Exposure exceeding shall not exceed such Initial Revolving Lender’s Dollar Revolving Credit Commitment and (iii) to make Multicurrency Revolving Loans to the Borrower, in Dollars or any Alternative Currency, at any time and from time to time on or after the Second Restatement Date, and until the earlier of the Revolving Credit Maturity Date with respect to the Multicurrency Revolving Credit Commitment of such Lender and the termination of the Multicurrency Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that would not result in such Revolving Credit Lender’s Multicurrency Revolving Credit Exposure exceeding such Lender’s Multicurrency Initial Revolving Credit Commitment. ; and (iv) Within the foregoing limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrower Revolving Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of the Initial Term Loans may not be reborrowed except in connection with the Permitted U.S. Borrower Replacement as set forth in the immediately succeeding sentence. Each Lender holding Term Loans hereby agrees that if the Borrowers elect to consummate the Permitted U.S. Borrower Replacement, on the date the Permitted U.S. Borrower Replacement is consummated, Refi LP shall be permitted to prepay such Term Loans owed by Refi LP and held by such Lender in full and immediately thereafter, and the replacement U.S. Borrower shall be permitted to borrow new Term Loans from such Lender in a principal amount equal to the principal amount of the Term Loans so prepaid. Amounts paid or prepaid in respect of the Term Loans so advanced to the replacement U.S. Borrower pursuant to the immediately preceding sentence may not be reborrowed. (b) Each Subject to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment, each Lender having with an Incremental Revolving Credit Additional Commitment hereby agreesof a given Class, severally and not jointly, on the terms and subject agrees to make Additional Loans of such Class to the conditions set forth herein and in Borrowers party to such Refinancing Amendment, Extension Amendment or Incremental Facility Amendment, which Loans shall not exceed for any such Lender at the applicable Incremental Revolving Credit Assumption Agreement, to make Incremental Revolving Loans to time of any incurrence thereof the Borrower, in an aggregate principal amount at any time outstanding that will not result in Additional Commitment of such Lender’s Incremental Revolving Credit Exposure exceeding Class of such Lender’s Incremental Revolving Credit Commitment. Within the limits Lender as set forth in the preceding sentence and subject to the termsapplicable Refinancing Amendment, conditions and limitations set forth herein, the Borrower may borrow, pay Extension Amendment or prepay and reborrow Incremental Revolving LoansFacility Amendment. (c) Each Lender having an Incremental Term Loan Commitment hereby agrees, severally and not jointly, on the terms and subject to the conditions set forth herein and in the applicable Incremental Term Loan Assumption Agreement, to make Incremental Term Loans to the Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed.

Appears in 1 contract

Sources: Credit Agreement (Nuvei Corp)