Committed Loan Limitations. Notwithstanding the provisions of Section 2.01(a) and (b), after giving effect to any Committed Borrowing, (i) the Total Outstandings shall not exceed the Available Loan Amount, (ii) the Total Revolving Outstandings shall not exceed the Available Revolver Amount, (iii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Loan Commitment, and (iv) the aggregate Term Loans advanced by any Lender shall not exceed such Lender’s Term Loan Commitment. With respect to Committed Revolving Loans, within the limits of each Lender’s Revolving Loan Commitment and the Available Revolving Loan Amount, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Amounts repaid on the Committed Term Loans may not be reborrowed. Committed Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (STAG Industrial, Inc.), Credit Agreement (STAG Industrial, Inc.)