Common use of Compliance with Commitments Clause in Contracts

Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding Revolving LOC Obligations shall not exceed the Revolving Committed Amount then in effect, (ii) the Revolving LOC Obligations shall not exceed the Revolving LOC Committed Amount and (iii) the Swingline Loans shall not exceed the Swingline Committed Amount. Each request for an Extension of Credit and each acceptance by the Borrower of any such Extension of Credit shall be deemed to constitute a representation and warranty by the Borrower as of the date of such Extension of Credit that the applicable conditions in paragraphs (a) through (g) of this Section have been satisfied.

Appears in 2 contracts

Samples: Credit Agreement (Gencorp Inc), Credit Agreement (Gencorp Inc)

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Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding Revolving LOC Obligations shall not exceed the Revolving Committed Amount then in effectAmount, (ii) the Revolving LOC Obligations shall not exceed the Revolving LOC Committed Amount and (iii) the Swingline Loans shall not exceed the Swingline Committed AmountCommitment. Each request for an Extension of Credit (including extensions and conversions) and each acceptance by the Borrower of any such an Extension of Credit (including extensions and conversions) shall be deemed to constitute a representation and warranty by the Borrower and HAI as of the date of such Extension of Credit Loan that the applicable conditions in paragraphs subsections (a) through and (gb) of this Section have been satisfied.

Appears in 2 contracts

Samples: Credit Agreement (Hewitt Associates Inc), Credit Agreement (Hewitt Associates Inc)

Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Aggregate Revolving Loans plus outstanding Swingline Loans plus outstanding Revolving LOC Obligations Exposure shall not at any time exceed the Aggregate Revolving Committed Amount then in effectCommitment, (ii) the Revolving LOC Aggregate L/C Obligations shall not at any time exceed the Revolving LOC Committed Amount Aggregate L/C Sublimit and (iii) the aggregate Dollar Equivalent of the Swingline Loans outstanding shall not at any time exceed the Swingline Committed Amount. Each request for an Extension of Credit and each acceptance by the any Borrower of any such an Extension of Credit shall be deemed to constitute a representation and warranty by the Borrower Credit Parties as of the date of such Extension of Credit Loan that the applicable conditions in paragraphs subsections (a) through - (gc) of this Section have been satisfied.

Appears in 2 contracts

Samples: Credit Agreement (Checkpoint Systems Inc), Credit Agreement (Checkpoint Systems Inc)

Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding Revolving LOC Obligations shall not exceed the Revolving Committed Amount then in effectAmount, (ii) the Revolving LOC Obligations shall not exceed the Revolving LOC Committed Amount and (iii) the Swingline Loans shall not exceed the Swingline Committed AmountCommitment. Each request for an Extension of Credit (including extensions and conversions) and each acceptance by the Borrower of any such an Extension of Credit (including extensions and conversions) shall be deemed to constitute a representation and warranty by the Borrower as of the date of such Extension of Credit Loan that the applicable conditions in paragraphs subsections (a) through and (gb) of this Section have been satisfied.

Appears in 1 contract

Samples: Credit Agreement (Henry Jack & Associates Inc)

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Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding Revolving LOC Obligations shall not exceed the Aggregate Revolving Committed Amount then in effect, (ii) the Revolving outstanding LOC Obligations shall not exceed the Revolving LOC Committed Amount Amount, and (iii) the outstanding Swingline Loans shall not exceed the Swingline Committed Amount. Each request for an Extension of Credit and each acceptance by the Borrower of any such an Extension of Credit shall be deemed to constitute a representation and warranty by each of the Borrower Credit Parties as of the date of such Extension of Credit Loan that the applicable conditions in paragraphs (a) through (gf) of this Section have been satisfied.

Appears in 1 contract

Samples: Credit Agreement (Universal Corp /Va/)

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