Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 6 contracts
Sources: Credit Agreement (Starbucks Corp), Credit Agreement (Starbucks Corp), Credit Agreement (Starbucks Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Revolving Outstandings will shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Applicable Percentage Pro Rata Share of the Outstanding Amount of all Swing Line Loans will shall not exceed such Revolving Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.012.01(a), prepay under Section 2.062.05, and reborrow under this Section 2.012.01(a). Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 5 contracts
Sources: Credit Agreement (EQM Midstream Partners, LP), Credit Agreement (EQT Midstream Partners, LP), Credit Agreement (EQT Midstream Partners, LP)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 4 contracts
Sources: Credit Agreement (Core Laboratories N V), Credit Agreement (Core Laboratories N V), Credit Agreement (Quaker Chemical Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 4 contracts
Sources: Credit Agreement (Northwest Pipe Co), Credit Agreement (Discovery Communications, Inc.), Credit Agreement (Arthrocare Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “"Committed Loan”") to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s 's Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 4 contracts
Sources: Credit Agreement (Core Laboratories N V), Credit Agreement (Core Laboratories N V), Credit Agreement (Core Laboratories N V)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company or a Designated Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage Pro Rata Share of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, Commitment and (iii) the aggregate Outstanding Amount of all Committed Loans, all Loans and Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 4 contracts
Sources: Credit Agreement (Danaher Corp /De/), Credit Agreement (Danaher Corp /De/), Credit Agreement (Danaher Corp /De/)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, Commitment and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 4 contracts
Sources: Credit Agreement (Church & Dwight Co Inc /De/), Credit Agreement (Church & Dwight Co Inc /De/), Credit Agreement (Church & Dwight Co Inc /De/)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Borrowing of Committed BorrowingLoans, (i) the Total Outstandings will shall not exceed the Aggregate CommitmentsRevolver Ceiling, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Each Borrowing of Committed Loans shall be made as provided in Section 2.02 below. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans.
Appears in 3 contracts
Sources: Credit Agreement (Greenbrier Companies Inc), Credit Agreement (Greenbrier Companies Inc), Credit Agreement (Greenbrier Companies Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) in Dollars to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (ia) the Total Outstandings will shall not exceed the result of (i) the Aggregate Commitments, Commitments less (ii) the Swing Line Sublimit and (b) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Sublimit shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 3 contracts
Sources: Credit Agreement (Mantech International Corp), Credit Agreement (Mantech International Corp), Credit Agreement (Mantech International Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will plus the aggregate Outstanding Amount of all L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit, and (iv) the aggregate Outstanding Amount of all Committed Loans made to the Designated Borrowers shall not exceed the Designated Borrower Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 3 contracts
Sources: Credit Agreement (Idex Corp /De/), Credit Agreement (Idex Corp /De/), Credit Agreement (Idex Corp /De/)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans in Dollars or in one or more Alternative Currencies (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 3 contracts
Sources: Credit Agreement (Lowes Companies Inc), Credit Agreement (Lowes Companies Inc), Credit Agreement (Lowes Companies Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (ia) the Total Outstandings will shall not exceed the Aggregate Commitments, (iib) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, Commitment and (iiic) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will and Outstanding Amount of all L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 3 contracts
Sources: Credit Agreement (Carpenter Technology Corp), Credit Agreement (Carpenter Technology Corp), Credit Agreement (Carpenter Technology Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) Loans to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate principal amount not to exceed at any time outstanding the lesser of (x) the amount of the Commitment of such Lender, and (y) such Lender’s CommitmentApplicable Percentage of the Borrowing Base; provided, however, that subject in each case to the following limitations:
(a) after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate CommitmentsLoan Cap;
(b) after giving effect to any Committed Borrowing, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will made to the Borrower shall not exceed the Commitment of such Lender’s Commitment, and and
(iiic) the aggregate The Outstanding Amount of all Committed Loans, all Bid Loans and all Letters L/C Obligations shall not at any time exceed the Letter of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of the Commitment for each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 3 contracts
Sources: Credit Agreement (Vince Holding Corp.), Credit Agreement (Vince Holding Corp.), Credit Agreement (Vince Holding Corp.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans in Dollars or in one or more Alternative Currencies (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans, Term SOFR Loans, Alternative Currency Term Rate Loans or Eurocurrency Alternative Currency Daily Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Lowes Companies Inc), Credit Agreement (Lowes Companies Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: 364 Day Credit Agreement (Starbucks Corp), 364 Day Credit Agreement (Starbucks Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies each Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the Outstanding Amount of all Loans and L/C Obligations attributable to WIC shall not exceed the WIC Sublimit, (iii) the Outstanding Amount of all Loans and L/C Obligations attributable to each Additional Borrower shall not exceed the applicable Additional Borrower Sublimit, and (iv) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company each Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (El Paso Pipeline Partners, L.P.), Credit Agreement (El Paso Pipeline Partners, L.P.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, Commitment and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Stericycle Inc), Credit Agreement (Stericycle Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “"Committed Loan”") to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage 's Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage 's Pro Rata Share of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s 's Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit L/C Obligations denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Littelfuse Inc /De), Credit Agreement (Littelfuse Inc /De)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, provided that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Intersil Corp/De), Credit Agreement (Intersil Corp/De)
Committed Loans. (a) Subject to the terms and conditions set forth herein, each Lender severally severally, but not jointly, agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, time on any Business Day during the Availability Periodperiod from the Closing Date to such Lender’s Maturity Date, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment. Such Borrowings may be prepaid and reborrowed from time to time in accordance with the terms and provisions of the Loan Documents; provided that, each such Borrowing must occur on a Business Day and no later than the Business Day immediately preceding such Lender’s Maturity Date, and provided, howeverfurther, that after giving effect to any Borrowing of Committed BorrowingLoans, (i) the Total Outstandings will aggregate Outstanding Amount of all Loans and L/C Obligations shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage Pro Rata Share of the Outstanding Amount of all Swing Line Loans will Loans, shall not exceed such Lender’s Commitment, and .
(iiib) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject shall be available to the other terms and conditions hereof, Borrower for the Company may borrow under this purposes set forth in Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein6.12.
Appears in 2 contracts
Sources: Credit Agreement (Sunoco Logistics Partners L.P.), Credit Agreement (Sunoco Logistics Partners Lp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans in Dollars or in one or more Alternative Currencies (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. After the LIBOR Transition Date, Committed Loans may be Base Rate Loans, Term SOFR Loans, Alternative Currency Term Rate Loans or Eurocurrency Alternative Currency Daily Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Lowes Companies Inc), Credit Agreement (Lowes Companies Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans Revolving Credit Exposure of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, provided, that, notwithstanding anything contained herein to the contrary, all Committed Loans denominated in an Alternative Currency must be Eurocurrency Rate Loans.
Appears in 2 contracts
Sources: Credit Agreement (Tanger Properties LTD Partnership /Nc/), Credit Agreement (Tanger Properties LTD Partnership /Nc/)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, (iii) the Loan Parties shall be in compliance with the requirements set forth in Section 7.13; and (iiiiv) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Kaman Corp), Revolving Credit Agreement (Kaman Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each US Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company US Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such US Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the US Total Outstandings will shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any US Lender, plus such US Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such US Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such US Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each US Lender’s Commitment, and subject to the other terms and conditions hereof, the Company US Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Schnitzer Steel Industries Inc), Credit Agreement (Schnitzer Steel Industries Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, Period in an aggregate amount not to exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans Revolving Credit Exposure of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender▇▇▇▇▇▇’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency SublimitSublimit and (iv) the aggregate Outstanding Amount of all Swing Line Loans (after giving effect to any repayment or prepayment thereof to occur on the date of such requested Committed Loan, including with any portion of the proceeds thereof) plus the aggregate Outstanding Amount at such time of the Committed Loans of the Lender acting as Swing Line Lender (including the requested Committed Loan) plus the aggregate Outstanding Amount of such ▇▇▇▇▇▇’s participations in L/C Obligations shall not exceed such ▇▇▇▇▇▇’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans, Term SOFR Loans or Eurocurrency Rate Alternative Currency Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Qualcomm Inc/De), Credit Agreement (Qualcomm Inc/De)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans under the Term Loan Facility and the Revolving Credit Facility (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate CommitmentsUnencumbered Pool Value, (ii) the aggregate outstanding balance under the Term Loan Facility shall not exceed the Term Loan Commitment Amount, (iv) the aggregate amount outstanding under the Revolving Credit Facility shall not exceed the Revolving Commitment Amount, and (v) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow amounts under the Revolving Credit Facility pursuant to this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Amounts borrowed under the Term Loan Facility may be prepaid under Section 2.05, but may not be reborrowed hereunder. Committed Loans may be Base Rate Loans or Eurocurrency LIBOR Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (CNL Healthcare Properties, Inc.), Credit Agreement (CNL Healthcare Properties, Inc.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed LoansLoans made to any Designated Borrower that is a Foreign Obligor shall not exceed the Designated Borrower Sublimit, if any, applicable to such Foreign Obligor, and (iv) the aggregate Outstanding Amount of all Bid Committed Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Avnet Inc), Credit Agreement (Avnet Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (hereinafter each such loan, loan shall be referred to as a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Co-Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Co-Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Verisk Analytics, Inc.), Credit Agreement (Verisk Analytics, Inc.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the lesser of the Aggregate CommitmentsCommitments and the Borrowing Base, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Sandridge Energy Inc), Credit Agreement (Sandridge Energy Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed exceed, at any time outstanding time, the lesser of (a) the amount of such Lender’s Commitment, and (b) such Lender’s Applicable Percentage of the Borrowing Base; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate CommitmentsBorrowing Base, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Loans, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Overadvance Loans, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Protective Advances, shall not exceed such Lender’s Commitment, and (iii) Applicable Percentage of the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency SublimitBorrowing Base. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay and repay under Section 2.062.05 and Section 2.07, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein. Committed Loans shall be made by the Lenders in accordance with each Lender’s Applicable Percentage.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Western Refining, Inc.), Revolving Credit Agreement (Western Refining, Inc.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, Commitment and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Avnet Inc), Credit Agreement (Avnet Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “"Committed Loan”") to the Company in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s 's Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: 10 K Annual Report, Credit Agreement (Idex Corp /De/)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed exceed, at any time time, the lesser of (a) the outstanding the amount of such Lender’s Commitment, and (b) such Lender’s Applicable Percentage of the Borrowing Base; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the lesser of (A) the Aggregate CommitmentsCommitments and (B) the Borrowing Base, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Loans, shall not exceed the lesser of (A) such Lender’s Commitment, and (iiiB) such Lender’s Applicable Percentage of the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency SublimitBorrowing Base. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Western Refining, Inc.), Revolving Credit Agreement (Western Refining, Inc.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, provided that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans and Bid Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, Commitment and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Equifax Inc), Credit Agreement (Equifax Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed LoansLoans made to the Designated Borrowers shall not exceed the Designated Borrower Sublimit, and (iv) the aggregate Outstanding Amount of all Bid Committed Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Flextronics International Ltd.), Credit Agreement (Furmanite Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, Commitment and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will (other than Euro and Sterling, either of which shall be available in an amount up to the unused Aggregate Commitments) shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: Credit Agreement (Avnet Inc), Credit Agreement (Avnet Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies to Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the Total Outstandings of all Committed Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit and (iii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Term SOFR Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Resmed Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Revolving Outstandings will shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Applicable Percentage Pro Rata Share of the Outstanding Amount of all Swing Line Loans will shall not exceed such Revolving Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.012.01(a), prepay under Section 2.062.05, and reborrow under this Section 2.012.01(a). Committed Loans may be Base Rate Loans or Eurocurrency Rate SOFR Loans, as further provided herein.
Appears in 1 contract
Sources: Third Amended and Restated Credit Agreement (Equitrans Midstream Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans prior to the Term Loan Maturity Date under the Term Loan Facility (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to timetime during the Term Loan Availability Period, on any Business Day during the Availability PeriodDay, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will Unsecured Indebtedness shall not exceed the Aggregate CommitmentsUnencumbered Pool Availability, (ii) the aggregate principal amount of Loans made under the Term Loan Facility shall not exceed the Term Loan Commitment Amount, and (iii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender’s Commitment, and . The initial amount of the Term Loan Facility (iiiprior to any increase in accordance with Section 2.15) may be funded in up to two advances on or before the aggregate Outstanding Amount end of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency SublimitTerm Loan Availability Period. Within Amounts borrowed under the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Term Loan Facility may borrow under this Section 2.01, prepay be prepaid under Section 2.062.05, and reborrow under this Section 2.01but may not be reborrowed hereunder. Committed Loans may be Base Rate Loans or Eurocurrency LIBOR Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Term Loan Agreement (CNL Healthcare Properties, Inc.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Committed Alternative Currencies from time to time, time on any Business Day during the Availability Periodperiod from the Closing Date to the Maturity Date, in an aggregate amount aggregateamount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, the Dollar Equivalent of (i) the Total Outstandings will aggregate Outstanding Amount of all Loans and L/C Obligations shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage Pro Rata Share of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit L/C Obligations denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.012.1, prepay under Section 2.062.5, and reborrow under this Section 2.012.1. Committed Loans may be Base Rate Loans or Eurocurrency Rate Committed Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Andrew Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies of the Borrowers (subject to the PR Borrowing Limit) from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C ObligationsObligations (giving effect to any adjustments therein effected under the last sentence of the definition of “Applicable Percentage”), plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s CommitmentCommitment (giving effect to any adjustments therein effected under the last sentence of the definition of “Applicable Percentage”), and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will Total Outstandings owing by the PR Borrowers shall not exceed the Alternative Currency SublimitPR Borrowing Limit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (ia) the Total Outstandings will shall not exceed the Aggregate CommitmentsAvailable Loan Commitment, (iib) the sum of the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iiic) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will with respect to the Non-Revolving Portion shall not exceed the Alternative Currency SublimitMaximum Non-Revolving Amount, and (d) the Outstanding Amount with respect to the Revolving Portion shall not exceed the Maximum Revolving Amount. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies of the Borrowers (subject to the PR Borrowing Limit) from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will Total Outstandings owing by the PR Borrowers shall not exceed the Alternative Currency SublimitPR Borrowing Limit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “"Committed Loan”") to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Obligations shall not exceed such Lender’s 's Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and of all Letters of Credit L/C Obligations denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.04, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Kellwood Co)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans Revolving Credit Exposure of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency SublimitSublimit and (iv) the aggregate Outstanding Amount of all Swing Line Loans (after giving effect to any repayment or prepayment thereof to occur on the date of such requested Committed Loan, including with any portion of the proceeds thereof) plus the aggregate Outstanding Amount at such time of the Committed Loans of the Lender acting as Swing Line Lender (including the requested Committed Loan) plus the aggregate Outstanding Amount of such Lender’s participations in L/C Obligations shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Qualcomm Inc/De)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans to the Borrower (i) on the Closing Date in an amount equal to each Lender’s pro rata share of $190,000,000 (any such loanloans, a the “Initial Committed LoanLoans”) to the Company in US Dollars or in one or more Alternative Currencies and (ii) from time to time, on any Business Day following the Closing Date during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s CommitmentAdditional Commitment (any such loans, the “Additional Committed Loans” and, together with the Initial Committed Loans, the “Committed Loans”); provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the lesser of (a) the Maximum Facility Amount and (b) the Aggregate Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender▇▇▇▇▇▇’s Commitment, and Commitment (iii) it being understood that notwithstanding any original issue or other discount that reduces the aggregate Outstanding Amount amount funded on the date of all any Committed Borrowing of Committed Loans, all Bid calculations hereunder with respect to such Committed Loans, including the accrual of interest and the repayment or prepayment of principal, shall be based on 100% of the stated principal amount thereof). Amounts repaid or prepaid in respect of Committed Loans and all Letters of Credit denominated in Alternative Currencies will may not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01be re-borrowed. Committed Loans may be Base Rate Committed Loans or Eurocurrency SOFR Rate Committed Loans, as further provided herein. Additional Committed Loans shall be in minimum increments of $10,000,000.
Appears in 1 contract
Committed Loans. (a) Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Committed Revolving Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will in respect of the Revolving Facility shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Committed Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Revolving Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.012.01(a), prepay under Section 2.062.05, and reborrow under this Section 2.012.01(a). Committed Revolving Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Coinstar Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will made to any Designated Borrower shall not exceed the Alternative Currency SublimitDesignated Borrowers Sublimit applicable to such Designated Borrower. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit L/C Obligations denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, Loans denominated in Alternative Currencies plus the aggregate Outstanding Amount of all Bid Loans and all L/C Obligations with respect to Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans Revolving Credit Exposure of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender▇▇▇▇▇▇’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans Loans, Daily SOFR Loans, Term SOFR Loans, or Eurocurrency Rate Alternative Currency Loans, as further provided herein, provided, that, notwithstanding anything contained herein to the contrary, all Committed Loans denominated in an Alternative Currency must be based on the then-applicable Alternative Currency Benchmark.
Appears in 1 contract
Sources: Credit Agreement (Tanger Properties LTD Partnership /Nc/)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, time on any Business Day during the Availability Periodperiod from the Closing Date to the Maturity Date, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, the Dollar Equivalent of (i) the Total Outstandings will aggregate Outstanding Amount of all Loans and L/C Obligations shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Foreign Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit L/C Obligations denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.012.1, prepay under Section 2.062.6, and reborrow under this Section 2.012.1. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Andrew Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, Commitment and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit L/C Obligations denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “"Committed Loan”") to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s 's Commitment, and (iii) the aggregate Outstanding Amount of all Committed LoansLoans made to any Designated Borrower that is a Foreign Obligor shall not exceed the Designated Borrower Sublimit, if any, applicable to such Foreign Obligor, and (iv) the aggregate Outstanding Amount of all Bid Committed Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Avnet Inc)
Committed Loans. Subject to Each Lender severally agrees, on the terms and --------------- subject to the conditions hereinafter set forth hereinforth, each Lender severally agrees to make loans one or more Committed Loans to the Company in Dollars or any Offshore Currency from time to time on any Business Day during the period commencing on the Closing Date and ending on the Business Day next preceding the Termination Date (each such loan, a “"Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period"), in an aggregate amount not to exceed Equivalent Amount in Dollars at any time -------------- outstanding the amount of which does not exceed such Lender’s 's Commitment; provided, however, -------- ------- that after giving effect to any Borrowing of Committed BorrowingLoans, (i) the Total Outstandings will not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Effective Amount of all Committed Loans, all L/C Obligations and Bid Loans shall not at any time exceed the Aggregate Commitments, and (ii) after giving effect to any Borrowing of Offshore Currency Loans, the aggregate principal Equivalent Amount in Dollars of all Letters of Credit denominated in Alternative Currencies will outstanding Offshore Currency Loans shall not exceed the Alternative Offshore Currency Loan Sublimit. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company may borrow Committed Loans under this Section 2.01, prepay such Loans under Section 2.06, 2.08 ------------ ------------ and reborrow under this Section 2.01. Notwithstanding anything herein to the ------------ contrary, the Commitment of each Lender to make Committed Loans may be Base Rate Loans shall terminate on February 28, 2001 if the Closing Date has not occurred on or Eurocurrency Rate Loans, as further provided hereinprior to such date.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Committed Loans or Eurocurrency Rate Committed Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Lydall Inc /De/)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will plus the aggregate Outstanding Amount of all L/C Obligations in respect of Letters of Credit issued in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Approved Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate CommitmentsCommitments at such time, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Approved Currencies will shall not exceed the Alternative Approved Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Guess Inc)
Committed Loans. (a) Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such LenderL▇▇▇▇▇’s CommitmentCommitment in respect of Committed Loans; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.012.01(a), prepay under Section 2.062.05, and reborrow under this Section 2.012.01(a). Committed Loans may be Base Rate ABR Loans or Eurocurrency Rate Term SOFR Loans, as further provided herein.
(b) The 2020 Loan Commitments are automatically terminated as of the Amendment No. 2 Effective Date, and all Obligations owing under or in connection with the 2020 Loans shall be reallocated by the Administrative Agent to the Commitments (with any prepayment as may be required to ensure that the Total Outstandings do not exceed the Aggregate Commitment as of such date).
Appears in 1 contract
Committed Loans. (a) Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “"Committed Loan”") to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all L/C – BA Obligations, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s 's Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit and (iv) the sum of the aggregate Outstanding Amount of all Committed Loans made to Foreign Borrowers and the aggregate Outstanding Amount of L/C – BA Obligations of the Foreign Borrowers shall not exceed the Foreign Borrower Sublimit. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
(b) [Intentionally Omitted].
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “"Committed Loan”") to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Committed Borrowing, (ia) the Total Outstandings will shall not exceed the Aggregate Commitments, (iib) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage 's Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage 's Pro Rata Share of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, 's Commitment and (iiic) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit L/C Obligations denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Any Committed Loan to be made in an Alternative Currency shall be funded in an amount equal to the Alternative Currency Amount of such Committed Loan. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (ia) the Total Outstandings will shall not exceed the Aggregate Commitments, (iib) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Obligations shall not exceed such Lender’s Commitment, and (iiic) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “"Committed Loan”") to the Company in US Dollars or in one or more Alternative Currencies Revolving Borrower, from time to -------------- time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving -------- ------- effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the lesser of the Aggregate CommitmentsCommitments and the Borrowing Base, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all Swing Line Loans will not exceed Loans, plus such Lender’s Commitment, and (iii) 's Applicable Percentage of the aggregate Outstanding Amount of all Committed LoansNew Vehicle Swing Line Loans shall not, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not the aggregate, exceed the Alternative Currency Sublimitsuch Lender's Commitment. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company Revolving Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow ------------ ------------ under this Section 2.01. Committed Loans may be Base Rate Loans ------------ or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Carmax Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s CommitmentCommitment (as such Commitment may from time to time increase in accordance with the provisions of Section 2.16 below); provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Bright Horizons Family Solutions Inc)
Committed Loans. (a) On the Closing Date, the Initial Lender made a loan to the Borrower (such loan, the “Initial Committed Loan”). The aggregate principal amount of the Initial Committed Loan as of the Third Amendment Effective Date is $160,000,000. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed.
(b) Subject to the terms and conditions set forth herein, each the Initialeach Lender (acting through any of its branches or affiliates) severally agrees to make loans a single loan (collectivelyloans (each such loan, a an “Additional Committed Loan” and, together with the Initial Committed Loan, the “Committed LoanLoans”) to the Company in US Borrower on the Closing Datein Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such the Initialsuch Lender’s unused Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment. , and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.012.01(b), prepay under Section 2.062.03, and reborrow under this Section 2.012.01(b).
(c) The Committed BorrowingBorrowings shall consist of the Committed LoanLoans made by the Initialeach Lender in accordance with its Commitment. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. The Committed Loans may be Base Rate Loans or Eurocurrency Rate Eurodollar RateTerm SOFR Loans, as further provided herein.
Appears in 1 contract
Sources: Term Loan Credit Agreement (Cboe Global Markets, Inc.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans denominated in Dollars (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed BorrowingBorrowing and the application by the Administrative Agent of the proceeds thereof, (i) the Total Outstandings will shall not exceed the Aggregate CommitmentsFacility Limit, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed the lesser of such Lender’s Commitment, (A) Commitment and (B) Applicable Percentage of the Facility Limit and (iii) at any time a Junior Lien Intercreditor Agreement is in place, the aggregate Outstanding Amount amount of all the requested Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will Borrowing shall not cause the Total Outstandings to exceed the Alternative Currency Sublimitgreatest of (A) $950,000,000, (B) the then-effective Borrowing Base Cap and (C) 30% of Modified ACNTA as of the date of incurrence of such Borrowing. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company denominated in US Dollars or in one or more Alternative Currencies to the Borrower from time to time, time on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Commitment; provided, howeverthat, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Loans, shall not exceed such Lender▇▇▇▇▇▇’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Committed Loans, Term SOFR Loans, Alternative Currency Daily Rate Loans or Eurocurrency Alternative Currency Term Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Biogen Inc.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company or a Designated Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender’s Commitment, Commitment and (iii) the aggregate Outstanding Amount amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in an Alternative Currencies will Currency outstanding at any time shall not exceed $200,000,000 in the Alternative Currency Sublimitaggregate. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.04, and reborrow under this Section 2.01. Committed Loans denominated in Dollars may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. Committed Loans denominated in Canadian Dollars may be CDOR Rate Loans, and Committed Loans denominated in any other Alternative Currency may be Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Grainger W W Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed LoansLoans made to the Foreign Obligors shall not exceed the Foreign Obligor Sublimit, and (iv) the aggregate Outstanding Amount of all Bid Committed Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit; and provided further, however, that the initial Committed Borrowing hereunder shall be in Dollars. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Verisign Inc/Ca)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “"Committed Loan”") to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s 's Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans to the Borrower (i) on the Closing Date in an amount equal to each Lender’s pro rata share of $200,000,000 (any such loanloans, a the “Initial Committed LoanLoans”) to the Company in US Dollars or in one or more Alternative Currencies and (ii) from time to time, on any Business Day following the Closing Date during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s CommitmentCommitment (any such loans, the “Additional Committed Loans” and, together with the Initial Committed Loans, the “Committed Loans”); provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the lesser of (a) the Maximum Facility Amount and (b) the Aggregate Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender’s Commitment, and Commitment (iii) it being understood that notwithstanding any original issue or other discount that reduces the aggregate Outstanding Amount amount funded on the date of all any Committed Borrowing of Committed Loans, all Bid calculations hereunder with respect to such Committed Loans, including the accrual of interest and the repayment or prepayment of principal, shall be based on 100% of the stated principal amount thereof. Amounts repaid or prepaid in respect of Committed Loans and all Letters of Credit denominated in Alternative Currencies will may not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01be re-borrowed. Committed Loans may be Base Rate Committed Loans or Eurocurrency Eurodollar Rate Committed Loans, as further provided herein. Additional Committed Loans shall be in minimum increments of $5,000,000.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, a committed loan facility in a total amount of $17,510,015.00 shall be made available to Borrower (the "Committed Loan Facility") collectively by Lenders. Subject to the terms and conditions set forth herein including, but not limited to, the limits to availability set forth in Section 2.05(b), each Lender severally agrees to make loans (each such loan, a “"Committed Loan”") to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage 's Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage 's Pro Rata Share of the Outstanding Original Amount of all Swing Line the Term Loans will shall not exceed such Lender’s 's Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Committed Loans or Eurocurrency Eurodollar Rate Committed Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, ; and (iii) provided further that the aggregate Outstanding Amount availability of all Committed Loans, all Bid the Aggregate Commitments at any time for the making of Loans and all the issuance of Letters of Credit denominated in Alternative Currencies will not exceed shall be reduced by the amount of the Alternative Currency SublimitReserve. Each Lender may, at its option, make any Committed Loan available to any Designated Borrower that is a Foreign Subsidiary by causing any foreign or domestic branch or Affiliate of such Lender to make such Committed Loan; provided that any exercise of such option shall not affect the obligation of such Designated Borrower to repay such Loan in accordance with the terms of this Agreement. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. All Committed Loans made on the Closing Date shall be Base Rate Loans.
Appears in 1 contract
Sources: Credit Agreement (Cabot Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.. Table of Contents
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Revolving Outstandings will shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Applicable Percentage Pro Rata Share of the Outstanding Amount of all Swing Line Loans will shall not exceed such Revolving Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each LenderRevolving ▇▇▇▇▇▇’s Revolving Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.012.01(a), prepay under Section 2.062.05, and reborrow under this Section 2.012.01(a). Committed Loans may be Base Rate Loans or Eurocurrency Rate SOFR Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, (i) each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies to the Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Loan Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will not exceed the Aggregate Commitments, (iix) the aggregate Outstanding Amount Amounts of the Committed Lenders shall not exceed the total Revolving Loan Commitments, (y) the Outstanding Amount with respect to the Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender’s Commitment, Revolving Loan Commitment and (iiiz) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, ; and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.03, and reborrow under this Section 2.01. Committed Loans may be Base Rate ABR Loans or Eurocurrency Rate Loans, as further provided herein. Each Lender may, at its option, make any Committed Loan available to the Borrowers by causing any foreign or domestic branch or Affiliate of such Lender to make such Committed Loan; provided that, any exercise of such option shall not affect the obligation of the Borrowers to repay such Committed Loan in accordance with the terms and subject to the conditions of this Agreement, and such Affiliate shall be treated as a Lender for purposes of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Velti PLC)
Committed Loans. Subject to Each Lender having a Commitment hereunder severally agrees, on the terms and subject to the conditions hereinafter set forth hereinforth, each Lender severally agrees to make loans one or more Committed Loans to the Company in Dollars or any Offshore Currency from time to time on any Business Day during the period commencing on the Closing Date and ending on the Business Day next preceding the Termination Date (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period), in an aggregate amount not to exceed Equivalent Amount in Dollars at any time outstanding the amount of which does not exceed such Lender’s Commitment; provided, however, that after giving effect to any Borrowing of Committed BorrowingLoans, (i) the Total Outstandings will not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Effective Amount of all Committed Loans, all L/C Obligations, Swing Line Loans and Bid Loans shall not at any time exceed the Aggregate Commitments, and (ii) after giving effect to any Borrowing of Offshore Currency Loans, the aggregate principal Equivalent Amount in Dollars of all Letters of Credit denominated in Alternative Currencies will outstanding Offshore Currency Loans shall not exceed the Alternative Offshore Currency Loan Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company may borrow Committed Loans under this Section 2.01, prepay such Loans under Section 2.06, 2.08 and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans under the Term Loan Facility and the Revolving Credit Facility (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Commitment, with respect to the Term Loan Facility or Revolving Credit Facility, as applicable; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate CommitmentsUnencumbered Pool Value, (ii) the aggregate outstanding balance under the Term Loan Facility shall not exceed the Term Loan Commitment Amount, (iv) the aggregate amount outstanding under the Revolving Credit Facility shall not exceed the Revolving Commitment Amount, and (v) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender▇▇▇▇▇▇’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow amounts under the Revolving Credit Facility pursuant to this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Amounts borrowed under the Term Loan Facility may be prepaid under Section 2.05, but may not be reborrowed hereunder. Committed Loans may be Base Rate Loans or Eurocurrency Rate SOFR Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, ; and (iii) provided further that the aggregate Outstanding Amount availability of all Committed Loans, all Bid the Aggregate Commitments at any time for the making of Loans and all the issuance of Letters of Credit denominated in Alternative Currencies will not exceed shall be reduced by the amount of the Alternative Currency SublimitReserve. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. All Committed Loans made on the Closing Date shall be Base Rate Loans.
Appears in 1 contract
Sources: Credit Agreement (Cabot Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, Commitment and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in an Alternative Currencies will Currency plus the aggregate Outstanding Amount of all L/C Obligations denominated in an Alternative Currency shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. All Committed Loans made on the Closing Date shall be Base Rate Loans.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate sum of (A) the Outstanding Amount of all the Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will Hong Kong Dollars or New Zealand Dollars and (B) the Outstanding Amount of the L/C Obligations denominated in Hong Kong Dollars or New Zealand Dollars shall not exceed the Alternative Currency Sublimit$300,000,000 at any time. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, Commitment and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit L/C Obligations denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, repay or prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans under the Term Loan Facility and the Revolving Credit Facility (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will Unsecured Indebtedness shall not exceed the Aggregate CommitmentsUnencumbered Pool Availability, (ii) the aggregate principal amount of Loans made under the Term Loan Facility shall not exceed the Term Loan Commitment Amount, (iv) the aggregate amount outstanding under the Revolving Credit Facility shall not exceed the Revolving Commitment Amount, and (v) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow amounts under the Revolving Credit Facility pursuant to this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Amounts borrowed under the Term Loan Facility may be prepaid under Section 2.05, but may not be reborrowed hereunder. Committed Loans may be Base Rate Loans or Eurocurrency LIBOR Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “"Committed Loan”") to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage 's Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage 's Pro Rata Share of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, 's Commitment and (iii) the aggregate Outstanding Amount Unsecured Debt of all Committed Loans, all Bid Loans the Borrower and all Letters of the Consolidated Entities (including any requested or pending Credit denominated in Alternative Currencies will Extension) shall not exceed the Alternative Currency Sublimitamount permitted pursuant to Section 7.03(c) hereof. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will Outstanding Amount of Committed Loans shall not exceed the Aggregate Commitments, Revolving Credit Facility and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Revolving Percentage of the Outstanding Amount of all L/C Obligations, Obligations plus such Lender’s Applicable Revolving Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Revolving Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.012.01(a), prepay under Section 2.062.05, and reborrow under this Section 2.012.01(a). Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the Outstanding Amount of Committed Loans shall not exceed the Available Amount, (iii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iiiiv) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Bearingpoint Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed LoansLoans denominated in Alternative Currencies, plus the Outstanding Amount of all Bid Loans and all Letters of Credit L/C Obligations denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Tetra Tech Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans Revolving Credit Exposure of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, provided, that, notwithstanding anything contained herein to the contrary, all Committed Loans denominated in an Alternative Currency must be Eurodollar Rate Loans.
Appears in 1 contract
Sources: Credit Agreement (Tanger Properties LTD Partnership /Nc/)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (ia) the Total Outstandings will shall not exceed the Aggregate Commitments, (iib) the aggregate Outstanding Amount of the Committed Loans Revolving Credit Exposure of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender’s Commitment, and (iiic) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans, Term SOFR Loans, Term SOFR Daily Floating Rate Loans, Alternative Currency Daily Rate Loans or Eurocurrency Alternative Currency Term Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”"COMMITTED LOAN") to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; providedPROVIDED, howeverHOWEVER, that after giving effect to any Committed Borrowing, the Dollar Equivalent of, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus PLUS such Lender’s Applicable Percentage 's Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus PLUS such Lender’s Applicable Percentage 's Pro Rata Share of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, 's Commitment and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit L/C Obligations denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section SECTION 2.01, prepay under Section 2.06SECTION 2.05, and reborrow under this Section SECTION 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, howeverthat, that after giving effect to any Committed Borrowing, (ia) the Total Outstandings will shall not exceed the Aggregate Commitments, (iib) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iiic) the aggregate Outstanding Amount of all Committed LoansLoans made to the Designated Borrowers that are Foreign Borrowers shall not exceed the Designated Borrower Sublimit, and (d) the aggregate Outstanding Amount of all Bid Committed Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Committed Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Adobe Inc.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender (A) that has a Revolving Loan Commitment severally agrees to make loans under such Revolving Loan Commitment in Dollars (each such loan, a “Revolving Loan”, and (B) that has a Term Loan Commitment severally agrees to make loans under such commitments in Dollars (each such loan, a “Term Loan” and together with any Revolving Loan, a “Committed Loan”) for the account of any Borrower as designated by the Administrative Borrower pursuant to the Company in US Dollars or in one or more Alternative Currencies Section 2.02(a) from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Revolving Loan Commitment or Term Loan Commitment, as applicable; provided, however, that after giving effect to any Committed Revolving Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) with respect to any Revolving Loan, the aggregate Outstanding Amount of the Committed Revolving Loans of any Lender, plus such Lender’s Applicable Revolving Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, Revolving Loan Commitment and (iii) with respect to any Term Loan, the aggregate Outstanding Amount of all Committed Loans, all Bid the Term Loans and all Letters of Credit denominated in Alternative Currencies will any Lender shall not exceed the Alternative Currency Sublimitsuch ▇▇▇▇▇▇’s Term Loan Commitment. Within the limits of each Lender’s Revolving Loan Commitment, and subject to the other terms and conditions hereof, any of the Company Borrowers may borrow a Revolving Loan under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.a Revolving Loan under
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Revolving Borrower, from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the lesser of the Aggregate CommitmentsCommitments and the Borrowing Base, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans, plus such Lender’s Applicable Percentage of the Outstanding Amount of all New Vehicle Swing Line Loans will not shall not, in the aggregate, exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Revolving Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Carmax Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, Commitment and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, during the Availability Period, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans, Pound Sterling Overnight Rate Loans, Euro Overnight Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (AOL Inc.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “"Committed Loan”") to the Company Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s 's Commitment, ; and (iii) provided further that the aggregate Outstanding Amount availability of all Committed Loans, all Bid the Aggregate Commitments at any time for the making of Loans and all the issuance of Letters of Credit denominated in Alternative Currencies will not exceed shall be reduced by the amount of the Alternative Currency SublimitReserve. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. All Committed Loans made on the Closing Date shall be Base Rate Loans.
Appears in 1 contract
Sources: Credit Agreement (Cabot Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company in US Dollars or in one or more Alternative Currencies Borrowers on a joint and several basis from time to time, time on any Business Day during the Availability Periodperiod from the Closing Date to the Maturity Date, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will aggregate Outstanding Amount of all Loans and L/C Obligations shall not exceed the lesser of the Aggregate CommitmentsCommitments and the Borrowing Base, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01, prepay under Section 2.062.04, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein. Each Borrower represents that the value of the consideration received and to be received by it hereunder or pursuant hereto is reasonably worth at least as much as each Borrower’s liability under this Agreement and the other Loan Documents, and that liability may reasonably be expected to directly or indirectly benefit each Borrower.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Obligations shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and of all Letters of Credit L/C Obligations denominated in Alternative Currencies will shall not exceed the Alternative Currency SublimitSublimit and (iv) the Total Outstandings shall not exceed the Borrowing Base, if applicable, calculated as of the date of the most recently delivered Borrowing Base Certificate. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.04, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Kellwood Co)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will not exceed the Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. For the avoidance of doubt, Loans outstanding under the Original Credit Agreement immediately prior to the Closing Date shall continue as Loans under this Agreement upon the effectiveness of this Agreement. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Revolving Credit and Guaranty Agreement (Actavis, Inc.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans to the Borrower (i) on the Closing Date in an amount equal to each Lender’s pro rata share of $200,000,000 (any such loanloans, a the “Initial Committed LoanLoans”) to the Company in US Dollars or in one or more Alternative Currencies and (ii) from time to time, on any Business Day following the Closing Date during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s CommitmentCommitment (any such loans, the “Additional Committed Loans” and, together with the Initial Committed Loans, the “Committed Loans”); provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings will shall not exceed the lesser of (a) the Maximum Facility Amount and (b) the Aggregate Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will Lender shall not exceed such Lender▇▇▇▇▇▇’s Commitment, and Commitment (iii) it being understood that notwithstanding any original issue or other discount that reduces the aggregate Outstanding Amount amount funded on the date of all any Committed Borrowing of Committed Loans, all Bid calculations hereunder with respect to such Committed Loans, including the accrual of interest and the repayment or prepayment of principal, shall be based on 100% of the stated principal amount thereof. Amounts repaid or prepaid in respect of Committed Loans and all Letters of Credit denominated in Alternative Currencies will may not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01be re-borrowed. Committed Loans may be Base Rate Committed Loans or Eurocurrency EurodollarSOFR Rate Committed Loans, as further provided herein. Additional Committed Loans shall be in minimum increments of $5,000,000.
Appears in 1 contract
Committed Loans. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Committed Loan”) to the Company Borrower in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Revolving Outstandings will shall not exceed the lesser of (A) the Aggregate CommitmentsRevolving Commitments and (B) the Borrowing Base then in effect, and (ii) the aggregate Outstanding Amount of the Revolving Committed Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans will shall not exceed such Revolving Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Committed Loans, all Bid Loans and all Letters of Credit denominated in Alternative Currencies will not exceed the Alternative Currency Sublimit. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01, prepay under Section 2.062.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein; provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans.
Appears in 1 contract
Sources: Credit Agreement (Cole Corporate Income Trust, Inc.)