Common use of CONVENTIONAL LOANS Clause in Contracts

CONVENTIONAL LOANS. (i) Each Lender severally agrees, on the terms and conditions of this Agreement, to make revolving credit loans (each a "Conventional Loan") to the Company during the period from and including the Effective Date to and including the Termination Date, in an aggregate principal amount at any one time outstanding up to but not exceeding the lesser of (1) such Lender's Commitment and (2) the amount of such Lender's Share of the Allocated U.S. Borrowing Base as then in effect; provided that the aggregate principal amount of all Conventional Loans and all Bid Rate Loans made by all of the Lenders hereunder at any one time outstanding shall not exceed the Available U.S. Commitment, as then in effect, minus the LC Exposure then outstanding. Subject to the terms of this Agreement, during the period from the Effective Date to and including the Termination Date, the Company may borrow, repay and reborrow the amount of the Available U.S. Commitment as then in effect. Conventional Loans may be Base Rate Loans or Eurodollar Loans. (ii) Unless consented to in writing by the Administrative Agent, no more than seven (7) Eurodollar Loans that are Conventional Loans may be outstanding from each Lender at any time. For purposes of this Section 2.01(a)(ii), Eurodollar Loans having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Loans.

CONVENTIONAL LOANS. (i) Each Lender severally agrees, on the terms and conditions of this Agreement, to make revolving credit loans (each a "Conventional Loan") to the Company during the period from and including the Effective Date to and including the Termination Date, in an aggregate principal amount at any one time outstanding up to but not exceeding the lesser of (1) such Lender's Commitment and (2) the amount of such Lender's Share of the Allocated U.S. Borrowing Base as then in effect; provided that the aggregate principal amount of all Conventional Loans and all Bid Rate Loans made by all of the Lenders hereunder at any one time outstanding shall not exceed the Available U.S. Commitment, as then in effect, minus the LC Exposure then outstandingExposure. Subject to the terms of this Agreement, during the period from the Effective Date to and including the Termination Date, the Company may borrow, repay and reborrow the amount of the Available U.S. Commitment as then in effect. Conventional Loans may be Base Rate Loans or Eurodollar Loans. (ii) Unless consented to in writing by the Administrative Agent, no more than seven five (75) Eurodollar Loans that are Conventional Loans may be outstanding from each Lender at any time. For purposes of this Section 2.01(a)(ii), Eurodollar Loans having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Loans.