Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each, a “Committed Loan”) to a Borrower from time to time on any Business Day during the period from the Closing Date to such Lender’s Maturity Date, in an aggregate amount for all Loans to all Borrowers not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Borrowing, (i) the 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 Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans, shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, each Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
Appears in 3 contracts
Sources: Credit Agreement (Enbridge Energy Partners Lp), Credit Agreement (Midcoast Energy Partners, L.P.), Credit Agreement (Midcoast Energy Partners, L.P.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (eacheach such loan, a “Committed Loan”)
(a) to a the Company in Dollars and (b) to the Finnish Borrower or another Designated Borrower in Dollars or Euro, in each case from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i1) the aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and (ii2) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s CommitmentCommitment and (3) the Aggregate Outstanding Amount of all Loans made 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, each Borrower the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans denominated in Dollars may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. Alternative Currency Loans shall be Eurocurrency Loans, as further provided herein.
Appears in 3 contracts
Sources: Credit Agreement (Perkinelmer Inc), Credit Agreement (Perkinelmer Inc), Credit Agreement (Perkinelmer Inc)
Committed Loans. (a) All Loans made and outstanding under (and as defined in) the Existing Credit Agreement as of the Closing Date shall remain outstanding on the Closing Date and shall be automatically, and without any action on the part of any Person, deemed to constitute “Revolving Loans” hereunder and the Lenders shall automatically, and without the requirement for additional documentation on the Closing Date, acquire such “Loans” in an amount with respect to each Lender equal to its Applicable Percentage thereof.
(b) Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (eacheach such loan, a “Committed Loan”) to a Borrower from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans, 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, each Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans, Floating Rate Loans or Eurodollar Rate Loans, as further provided herein.
Appears in 3 contracts
Sources: Credit Agreement (Unitil Corp), Credit Agreement, Credit Agreement (Unitil Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (eacheach such loan, a “"Committed --------- Loan”") to a Borrower one or more Borrowers from time to time on any Business Day during the ---- period from the Closing Date to such Lender’s the Maturity Date, in an aggregate Dollar Equivalent amount for all Loans to all Borrowers not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Borrowing-------- ------- Committed Loan, (i) the aggregate Outstanding Amount of all Loans and L/C Obligations shall not exceed the Aggregate Available Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s 's Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s 's Pro Rata Share of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s 's Commitment. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, each Borrower the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow ------------ ------------ under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Eurocurrency ------------ Rate Loans, as further provided herein."
Appears in 2 contracts
Sources: Credit Agreement (Artesyn Technologies Inc), Credit Agreement (Artesyn Technologies Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each, a “Committed Loan”) Loans to a the Borrower from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate principal amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate CommitmentsLoan Cap,
(b) after giving effect to any Committed Borrowing, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans made to the Borrower shall not exceed the Commitment of such Lender’s Commitment, and
(c) The Outstanding Amount of all L/C Obligations shall not at any time exceed the Letter of Credit Sublimit. Within the limits of the Commitment for each Lender’s Commitment, and subject to the other terms and conditions hereof, each the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
Appears in 2 contracts
Sources: 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 Available Currencies (eacheach such loan, a “Committed Loan”) to a Borrower the Loan Parties from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the Dollar Equivalent of the aggregate Outstanding Amount outstanding principal amount of the Foreign Currency Committed Loans denominated in Mexican Pesos shall not exceed the Peso Sublimit and (iii) the Dollar Equivalent of the aggregate outstanding principal amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans, Lender shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, each Borrower the Loan Parties may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans denominated in Dollars may be Base Rate Loans or Eurodollar Rate Committed Loans, as further provided herein. Committed Loans denominated in Permitted Foreign Currencies shall be Eurodollar Rate Committed Loans.
Appears in 2 contracts
Sources: Credit Agreement (Alberto Culver Co), Credit Agreement (New Aristotle Holdings, Inc.)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (eacheach such loan, a “Committed Loan”) to a the Borrower from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any BorrowingCommitted Borrowing and the application by the Administrative Agent of the proceeds thereof, (i) the aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the lesser of the Aggregate Commitments, Commitments and the Borrowing Base and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, each the Borrower may borrow under this Section 2.01, prepay under Section 2.052.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or 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 but not jointly agrees to make loans in US Dollars and one or more Alternative Currencies (each, hereinafter each such loan shall be referred to as a “Committed Loan”) to a any Borrower from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers not to exceed at any time outstanding the amount of such LenderL▇▇▇▇▇’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such LenderL▇▇▇▇▇’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, each Borrower the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans, LIBOR Daily Loans or Eurodollar Eurocurrency Rate LoansLoansSOFR Daily Floating Rate Loans or Term SOFR Loans in the case of Committed Loans denominated in Dollars and Alternative Daily Rate Loans or Alternative Currency Term Rate Loans in the case of Committed Loans denominated in an Alternative Currency, in each case, 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 (eacheach such loan, a “Committed Loan”) to a Borrower the Borrowers in Dollars or in one or more Alternative Currencies from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans, Obligations shall not exceed such Lender’s Commitment, (iii) the aggregate Outstanding Amount of all Committed Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit and (iv) the aggregate Outstanding Amount of all Committed Loans borrowed by a Borrower that is a Foreign Obligor shall not exceed the Foreign Borrower Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, each Borrower the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Kofax LTD)
Committed Loans. (a) Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (eacheach such loan, a “Committed Loan”) to a Borrower the Borrowers in Dollars or in one or more Alternative Currencies from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s Commitment, (iii) the aggregate Outstanding Amount of all Committed Loans made to the Designated Borrowers shall not exceed the Designated Borrower Sublimit, and (iv) the aggregate Outstanding Amount of all Committed Loans 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, each Borrower the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. In addition, as a condition to all Alternative Currency Loans, the Borrower and all Lenders shall provide to the Administrative Agent and Governmental Authorities all documentation as may be required now or in the future by Governmental Authorities in regard to making or repaying the Loans.
Appears in 1 contract
Sources: Credit Agreement (Bairnco Corp /De/)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (eacheach such loan, a “Committed Loan”) to a Borrower the Company in Dollars or, subject to Section 2.15, to the Borrowers in one or more Alternative Currencies from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Loans and 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, each Borrower the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans or, if available to all the Lenders, Federal Funds 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 in Dollars (eacheach such loan, a “Committed Loan”) for the account of any Borrower as designated by the Administrative Borrower pursuant to a Borrower Section 2.02(a) from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, each Borrower any of the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Potlatch Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (eacheach such loan, a “Committed Loan”) to a each Borrower from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Oustandings shall not exceed the Aggregate CommitmentsCommitments (b) the Total Oustandings plus all other Recourse Debt of the Companies shall not exceed the Borrowing Base Value, and (iic) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s Commitment, and (d) the aggregate Amount of all Committed Loans advanced to the Subsidiary Borrowers shall not exceed the Subsidiary Borrower Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, each Borrower Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or 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, a “Committed Loan”) Loans to a the Borrower from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate principal amount for all Loans to all Borrowers 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:
(i) after giving effect to any Committed Borrowing, (i) the aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and Loan Cap;
(ii) after giving effect to any Committed Borrowing, the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans made to the Borrower shall not exceed the Commitment of such Lender’s Commitment, and
(iii) The Outstanding Amount of all L/C Obligations shall not at any time exceed the Letter of Credit Sublimit. DB1/ 120677560.3 Within the limits of the Commitment for each Lender’s Commitment, and subject to the other terms and conditions hereof, each the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or 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 (eacheach such loan, a “Committed Loan”) to a the Borrower from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the lesser of (x) the Aggregate CommitmentsCommitments and (y) the Borrowing Base Amount for such date, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, each the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or 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 (eacheach such loan, a “Committed Loan”) to a Borrower the Borrowers in Dollars or in one or more Alternative Currencies from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s Commitment, (iii) the aggregate Outstanding Amount of all Committed Loans made to the Designated Borrowers shall not exceed the Designated Borrower Sublimit, and (iv) the aggregate Outstanding Amount of all Committed Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit; and provided further that the availability of the Aggregate Commitments at any time for the making of Loans shall for all purposes be reduced by the amount of the Alternative Currency Reserve. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, each Borrower the Borrowers may borrow under this Section 2.01, prepay under Section 2.052.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Committed Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Adobe Systems Inc)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (eacheach such loan, a “Committed Loan”) to a the Borrower from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s Commitment, and (iii) the Total Outstandings shall not exceed the Implied Loan Amount. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, each the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or 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 (eacheach such loan, a “"Committed Loan”") to a Borrower one or more Borrowers from time to time on any Business Day during the period from the Closing Date to such Lender’s the Maturity Date, in an aggregate Dollar Equivalent amount for all Loans to all Borrowers 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 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 's Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s 's Pro Rata Share of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s 's Commitment. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, each Borrower the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar 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, a “Committed Loan”) Loans to a the Borrower from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate principal amount for all Loans to all Borrowers 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:
(i) after giving effect to any Committed Borrowing, (i) the aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and Loan Cap;
(ii) after giving effect to any Committed Borrowing, the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans made to the Borrower shall not exceed the Commitment of such Lender’s Commitment, and
(iii) The Outstanding Amount of all L/C Obligations shall not at any time exceed the Letter of Credit Sublimit. Within the limits of the Commitment for each Lender’s Commitment, and subject to the other terms and conditions hereof, each the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or 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 in Available Currencies (eacheach such loan, a “"Committed Loan”") to a Borrower the Loan Parties from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the Dollar Equivalent of the aggregate Outstanding Amount outstanding principal amount of the Foreign Currency Committed Loans denominated in Mexican Pesos shall not exceed the Peso Sublimit and (iii) the Dollar Equivalent of the aggregate outstanding principal amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans, Lender shall not exceed such Lender’s 's Commitment. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, each Borrower the Loan Parties may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans denominated in Dollars may be Base Rate Loans or Eurodollar Rate Committed Loans, as further provided herein. Committed Loans denominated in Permitted Foreign Currencies shall be Eurodollar Rate Committed Loans.
Appears in 1 contract
Sources: Credit Agreement (Alberto Culver Co)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans in Dollars (eacheach such loan, a “Committed Loan”) for the account of any Borrower as designated by the Administrative Borrower pursuant to a Borrower Section 2.02(a) from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, each Borrower any of the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate LIBOR Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Potlatch Corp)
Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (eacheach such loan, a “Committed Loan”) to a Borrower the Borrowers as provided in Section 2.14(c) hereof in Dollars or in one or more Alternative Currencies from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers 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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s Commitment, (iii) the aggregate Outstanding Amount of all Committed Loans made to the Designated Borrowers shall not exceed the Designated Borrower Sublimit and (iv) the aggregate Outstanding Amount of all Committed Loans 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, each Borrower the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar 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 (eacheach such loan, a “"Committed Loan”") to a the Borrower from time to time time, on any Business Day during the period from the Closing Date to such Lender’s Maturity DateAvailability Period, in an aggregate amount for all Loans to all Borrowers not to exceed at any time outstanding the amount of such Lender’s Commitment's Commitment (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 aggregate Outstanding Amount of all Loans and L/C Obligations Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share 's Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share 's Applicable Percentage of the Outstanding Amount of all Swing Line Loans, Loans shall not exceed such Lender’s 's Commitment. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, each the Borrower may borrow under this Section 2.01, prepay under Section 2.052.06, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Sources: Credit Agreement (Bright Horizons Family Solutions Inc)