Common use of Credit Commitments Clause in Contracts

Credit Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees (i) to make a Term Loan in Dollars to CCSC on the Effective Date in a principal amount not exceeding its Term Commitment and (ii) to make Tranche A Revolving Loans in Dollars or one or more Alternative Committed Currencies to any of CCSC or any Subsidiary Borrower (other than a French Borrower) from time to time during the Revolving Credit Commitment Period. Subject to the terms and conditions hereof, each Tranche B Revolving Lender severally agrees to make Tranche B Revolving Loans in Dollars or one or more Alternative Committed Currencies to any French Borrower from time to time during the Revolving Credit Commitment Period. All Loans outstanding under the Original Credit Agreement on the Effective Date shall be deemed to constitute Tranche A Revolving Loans hereunder. Amounts repaid in respect of Term Loans may not be reborrowed. During the Revolving Credit Commitment Period each Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event may Revolving Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the Aggregate Tranche A Revolving Credit Exposure would exceed the Total Tranche A Revolving Credit Commitment then in effect, (ii) the Aggregate Tranche B Revolving Credit Exposure would exceed the Total Tranche B Revolving Credit Commitment then in effect, (iii) the Tranche A Revolving Credit Exposure of any Tranche A Revolving Lender would exceed such Tranche A Revolving Lender’s Tranche A Revolving Credit Commitment, (iv) the Tranche B Revolving Credit Exposure of any Tranche B Revolving Lender would exceed such Tranche B Revolving Lender’s Tranche B Revolving Credit Commitment, (v) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans denominated in Euros would exceed $1,500,000,000, (vi) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans denominated in British Pounds Sterling would exceed $1,000,000,000 or (vii) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans would exceed $1,500,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Crown Cork & Seal Co Inc), Credit Agreement (Crown Cork & Seal Co Inc)

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Credit Commitments. (a) Subject to the terms and conditions hereof, (i) each Term B-1 Lender severally agrees (i) to make a Term B-1 Loan in Dollars to CCSC the Borrower on the Amendment Effective Date in a principal amount not exceeding its Term B-1 Commitment (it being understood that Term B-1 Lenders under the Original Credit Agreement that execute and deliver the Amendment Agreement are converting their Term B Loans under the Original Credit Agreement into Term B-1 Loans hereunder) and (ii) to make Tranche A Revolving Loans in Dollars or one or more Alternative Committed Currencies to any of CCSC or any Subsidiary Borrower (other than a French Borrower) from time to time during the Revolving Credit Commitment Period. Subject to the terms and conditions hereof, each Tranche B Revolving Lender severally agrees to make Tranche B Revolving Loans in Dollars or one or more Alternative Committed Currencies to any French the Borrower from time to time during the Revolving Credit Commitment Period. All Loans outstanding under the Original Credit Agreement on the Effective Date shall be deemed to constitute Tranche A Revolving Loans hereunder. Amounts repaid or prepaid in respect of Term B-1 Loans may not be reborrowed. During the Revolving Credit Commitment Period each the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event may Revolving Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the Aggregate Tranche A Revolving Credit Exposure would exceed the Total Tranche A Revolving Credit Commitment then in effect, effect or (ii) the Aggregate Tranche B Revolving Credit Exposure would exceed the Total Tranche B Revolving Credit Commitment then in effect, (iii) the Tranche A Revolving Credit Exposure of any Tranche A Revolving Lender would exceed such Tranche A Revolving Lender’s Tranche A Revolving Credit Commitment, (iv) the Tranche B Revolving Credit Exposure of any Tranche B Revolving Lender would exceed such Tranche B Revolving Lender’s Tranche B Revolving Credit Commitment, (v) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans denominated in Euros would exceed $1,500,000,000, (vi) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans denominated in British Pounds Sterling would exceed $1,000,000,000 or (vii) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans would exceed $1,500,000,000.

Appears in 1 contract

Samples: Credit Agreement (Spirit AeroSystems Holdings, Inc.)

Credit Commitments. (a) Subject to the terms and conditions hereof, (i) each Term B Lender severally agrees (i) to make a Term B Loan in Dollars to CCSC the Additional Borrower on the Effective Date in a principal amount not exceeding its Term B Commitment and (ii) to make Tranche A Revolving Loans in Dollars or one or more Alternative Committed Currencies to any of CCSC or any Subsidiary Borrower (other than a French Borrower) from time to time during the Revolving Credit Commitment Period. Subject to the terms and conditions hereof, each Tranche B Revolving Lender severally agrees to make Tranche B Revolving Loans in Dollars or one or more Alternative Committed Currencies to any French the U.S. Borrower from time to time during the Revolving Credit Commitment Period. All Loans outstanding under the Original Credit Agreement on the Effective Date shall be deemed to constitute Tranche A Revolving Loans hereunder. Amounts repaid or prepaid in respect of Term B Loans may not be reborrowed. During the Revolving Credit Commitment Period each the U.S. Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event may Revolving Loans be borrowed under this Article II (x) if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (iA)(i) the Aggregate Tranche A Revolving Credit Exposure would exceed the Total Tranche A Revolving Credit Commitment then in effect, effect or (ii) the Revolving Credit Exposure of any Revolving Lender would exceed such Revolving Lender's Revolving Credit Commitment or (B) the Aggregate Tranche B Revolving Credit Exposure would exceed $50.0 million prior to the Total Tranche B Revolving Credit Commitment then in effecttime that at least $50.0 million has been borrowed under the Seller Loan Agreement or (y) during the continuance of a Boeing Funded Capital Expenditure Shortfall Event, (iii) the Tranche A Revolving Credit Exposure of any Tranche A Revolving Lender would exceed such Tranche A Revolving Lender’s Tranche A Revolving Credit Commitment, (iv) the Tranche B Revolving Credit Exposure of any Tranche B Revolving Lender would exceed such Tranche B Revolving Lender’s Tranche B Revolving Credit Commitment, provided that this clause (v) shall only apply during the Assigned Dollar Value Seller Loan Availability Period (for purposes of this Section 2.01(a) only, the Seller Loan Availability Period shall be deemed to have ended if a borrowing notice has been given by the Additional Borrower to borrow all outstanding Alternative Committed Currency Loans denominated in Euros would exceed $1,500,000,000, (vi) available amounts as of the Assigned Dollar Value first business day of all outstanding Alternative Committed Currency Loans denominated in British Pounds Sterling would exceed $1,000,000,000 or (vii) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans would exceed $1,500,000,000then next calendar quarter).

Appears in 1 contract

Samples: Credit Agreement (Spirit AeroSystems Holdings, Inc.)

Credit Commitments. (a) Subject to the terms and conditions hereof, (i) each Term B-1 Lender severally agrees (i) to make a Term B-1 Loan in Dollars to CCSC the Borrower on the Amendment Effective Date in a principal amount not exceeding its Term B-1 Commitment (it being understood that Term B-1 Lenders under the Original Credit Agreement that execute and deliver the Amendment Agreement are converting their Term B Loans under the Original Credit Agreement into Term B-1 Loans hereunder) and (ii) to make Tranche A Revolving Loans in Dollars or one or more Alternative Committed Currencies to any of CCSC or any Subsidiary Borrower (other than a French Borrower) from time to time during the Revolving Credit Commitment Period. Subject to the terms and conditions hereof, each Tranche B Revolving Lender severally agrees to make Tranche B Revolving Loans in Dollars or one or more Alternative Committed Currencies to any French the Borrower from time to time during the Revolving Credit Commitment Period. All Each Extending Term Lender that executes and delivers Amendment No. 3 agrees that they are converting their Term B-1 Loans outstanding under the Original Credit Agreement on the Effective Date shall be deemed to constitute Tranche A Revolving into Term B-2 Loans hereunder. Subject to Section 2.21(a)(ii), on the effective date of the applicable Add-On Term Loan Lender Joinder Agreement, each Add-On Term Loan Lender severally agrees to make its portion of a term loan (the “Add-On Term Loan”) in a single advance to the Borrower in the amount of its respective Add-On Term Loan Commitment as set forth in the Add-On Term Loan Lender Joinder Agreement. Amounts repaid or prepaid in respect of Term B-1 Loans, the Term B-2 Loans or the Add-On Term Loans may not be reborrowed. During the Revolving Credit Commitment Period each the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event may Revolving Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the Aggregate Tranche A Revolving Credit Exposure would exceed the Total Tranche A Revolving Credit Commitment then in effect, effect or (ii) the Aggregate Tranche B Revolving Credit Exposure would exceed the Total Tranche B Revolving Credit Commitment then in effect, (iii) the Tranche A Revolving Credit Exposure of any Tranche A Revolving Lender would exceed such Tranche A Revolving Lender’s Tranche A Revolving Credit Commitment, (iv) the Tranche B Revolving Credit Exposure of any Tranche B Revolving Lender would exceed such Tranche B Revolving Lender’s Tranche B Revolving Credit Commitment, (v) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans denominated in Euros would exceed $1,500,000,000, (vi) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans denominated in British Pounds Sterling would exceed $1,000,000,000 or (vii) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans would exceed $1,500,000,000.

Appears in 1 contract

Samples: Credit Agreement (Spirit AeroSystems Holdings, Inc.)

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Credit Commitments. (a) Subject to the terms and conditions ------------------- hereof, each Lender severally agrees (i) to make a Term Loan in Dollars to CCSC on the Effective Date in a principal amount not exceeding its Term Commitment and (ii) to make Tranche A Revolving Loans in Dollars or one or more Alternative Committed Currencies to any of CCSC or any Subsidiary Borrower (other than a French Borrower) from time to time during the Revolving Credit Commitment Period. Subject to the terms and conditions hereof, each Tranche B Revolving Lender severally agrees to make Tranche B Revolving Loans in Dollars or one or more Alternative Committed Currencies to any French Borrower from time to time during the Revolving Credit Commitment Period. All Loans outstanding under the Original Credit Agreement on the Effective Date shall be deemed to constitute Tranche A Revolving Loans hereunder. Amounts repaid in respect of Term Loans may not be reborrowed. During the Revolving Credit Commitment Period each Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event may Revolving Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the Aggregate Tranche A Revolving Credit Exposure would exceed the Total Tranche A Revolving Credit Commitment then in effect, (ii) the Aggregate Tranche B Revolving Credit Exposure would exceed the Total Tranche B Revolving Credit Commitment then in effect, (iii) the Tranche A Revolving Credit Exposure of any Tranche A Revolving Lender would exceed such Tranche A Revolving Lender’s 's Tranche A Revolving Credit Commitment, (iv) the Tranche B Revolving Credit Exposure of any Tranche B Revolving Lender would exceed such Tranche B Revolving Lender’s 's Tranche B Revolving Credit Commitment, (v) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans denominated in Euros would exceed $1,500,000,000, (vi) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans denominated in British Pounds Sterling would exceed $1,000,000,000 or (vii) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans would exceed $1,500,000,000.

Appears in 1 contract

Samples: And (Crown Cork & Seal Co Inc)

Credit Commitments. (a) Subject to the terms and conditions hereof, (i) each Term B Lender severally agrees (i) to make a Term B Loan in Dollars to CCSC the Borrower on the Effective Date in a principal amount not exceeding its Term Commitment and B Commitment, (ii) each Revolving Lender severally agrees to make Tranche A Revolving Dollar Loans in Dollars or one or more Alternative Committed Currencies to any of CCSC or any Subsidiary the Borrower (other than a French Borrower) from time to time during the Revolving Credit Commitment Period. Subject to the terms Period and conditions hereof, (iii) each Tranche B Revolving Foreign Currency Lender severally agrees to make Tranche B Revolving Foreign Currency Loans in Dollars or one or more Alternative Committed Currencies to any French the Borrower from time to time during the Revolving Credit Commitment Period. All Loans outstanding under the Original Credit Agreement on the Effective Date shall be deemed to constitute Tranche A Revolving Loans hereunder. Amounts repaid or prepaid in respect of Term B Loans may not be reborrowed. During the Revolving Credit Commitment Period each the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Dollar Loans or Foreign Currency Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event may (A) Revolving Dollar Loans or Foreign Currency Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the Aggregate Tranche A Revolving Credit Exposure would exceed the Total Tranche A Revolving Credit Commitment then in effect, effect or (ii) the Aggregate Tranche B Revolving Credit Exposure would exceed the Total Tranche B Revolving Credit Commitment then in effect, (iii) the Tranche A Revolving Credit Exposure of any Tranche A Revolving Lender would exceed such Tranche A Revolving Lender’s Tranche A 's Revolving Credit CommitmentCommitment and (B) Foreign Currency Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of Foreign Currency Loans), (ivi) the Tranche B Revolving Credit Aggregate Foreign Currency Exposure would exceed the Maximum Foreign Currency Sublimit or (ii) the Foreign Currency Exposure of any Tranche B Revolving Foreign Currency Lender would exceed such Tranche B Revolving Lender’s Tranche B Revolving Credit Commitment, (v) the Assigned Dollar Value of all outstanding Alternative Committed its Foreign Currency Loans denominated in Euros would exceed $1,500,000,000, (vi) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans denominated in British Pounds Sterling would exceed $1,000,000,000 or (vii) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans would exceed $1,500,000,000Sublimit.

Appears in 1 contract

Samples: Credit Agreement (Quintiles Transnational Corp)

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