Committed Amount. Subject to the terms and conditions herein set forth, the Lenders agree, during the Commitment Period: (i) to extend to the Borrowers a revolving line of credit and (ii) to participate in Letters of Credit issued by the Letter of Credit Issuer for the account of the Borrowers, in each case in Dollars.
Committed Amount. Subject to the terms and conditions herein set forth, each Lender agrees, during the Availability Period, to extend to the Borrowers a revolving line of credit in Dollars.
Committed Amount. Subject to the terms and conditions herein set forth, each Lender agrees, during the Availability Period (but, for the avoidance of doubt, not during any Interim Period): (i) to extend to the Borrowers a revolving line of credit; and (ii) to participate in Letters of Credit issued by the Letter of Credit Issuer for the account of the Borrowers, in each case in Dollars or in an Alternative Currency.
Committed Amount. (1) Except during any period of time in which an Event of Default then exists, interest shall accrue on the unpaid principal balance of all Advances under the Tranche 3 Committed Amount at the per annum rate of ten and 50/100 percent (10.5%) fixed. Upon the occurrence of an Event of Default, interest shall thereafter accrue on the unpaid principal balance of all Advances under the Loan at the Default Rate in accordance with Section 2.5(b).
Committed Amount. If at any time after the Closing Date, the Advances Outstanding shall exceed the aggregate Committed Amount then in effect, the Borrower immediately shall prepay the Revolving Loans and Swingline Loans and (after all Revolving Loans and Swingline Loans have been repaid) cash collateralize the LOC Obligations in an amount sufficient to eliminate such excess. All amounts required to be paid pursuant to this Section 2.7(b)(i) shall be paid and applied as follows: (A) first to the payment of outstanding Swingline Loans, (B), second, to the payment of outstanding Revolving Loans in the Currency in which such loans are owed; and (C) third, to a cash collateral account in respect of LOC Obligations in the Currency in which such LOC Obligations were issued. All prepayments under this Section 2.7(b)(i) shall be subject to Section 2.17 and be accompanied by interest on the principal amount prepaid through the date of prepayment.
Committed Amount. If at any time the sum of the aggregate principal amount of outstanding Loans plus LOC Obligations outstanding shall exceed the Committed Amount, the Borrower shall immediately prepay the outstanding principal balance on the Loans (or, after all Loans have been repaid, cash collateralize the LOC Obligations) in an amount sufficient to eliminate such excess.
Committed Amount. Subject to the terms and conditions herein set forth, the Lenders agree, during the Availability Period, to extend to the Borrowers a revolving line of credit.
Committed Amount. If at any time, the sum of the aggregate principal amount of outstanding Loans plus LOC Obligations outstanding shall exceed the lesser of (I) the Committed Amount and (II) the Borrowing Base, the Borrower promises to prepay immediately the outstanding principal balance on the Loans and (after all Loans have been repaid) cash collateralize the LOC Obligations (in a manner satisfactory to the Agent) in an amount sufficient to eliminate such excess (to be applied as set forth in Section 3.3(c) below). Without limiting the foregoing, each Credit Party acknowledges and agrees that the Committed Amount will be automatically reduced on the dates and in the amounts set forth in Section 3.4(b), and that a mandatory prepayment will be required on each such date to the extent necessary to cause the sum of the aggregate principal amount of outstanding Loans plus LOC Obligations outstanding not to exceed the lesser of (I) the reduced Committed Amount as of such date and (II) the Borrowing Base.
Committed Amount. Interest shall be paid on Advances of the Tranche 3 Committed Amount as follows:
Committed Amount. Subject to the terms and conditions herein set forth, Lender agrees, during the Revolving Period, to extend to Borrower the Revolving Loans, as more fully set forth in Section 2.2(c) hereof.
