Common use of Description of Facilities Clause in Contracts

Description of Facilities. Upon the terms and subject to the conditions set forth in this Agreement: (i) the Lenders hereby grant to the Borrower a short term revolving credit facility (the "364 DAY FACILITY") and a multi-year revolving credit facility (the "FIVE YEAR FACILITY") pursuant to which each Lender severally agrees to make Revolving Credit Loans to the Borrower in Dollars in accordance with Section 2.2 and the Swingline Lender agrees to make Swingline Loans to the Borrower in Dollars in accordance with Section 2.6 and (ii) the parties hereto agree that each Lender may, in its sole discretion, make bids to make Competitive Bid Loans to the Borrower in Dollars in accordance with Section 2.5; PROVIDED that (A) the aggregate principal amount of all outstanding Revolving Credit Loans (after giving effect to any amount requested) made under the 364 Day Facility shall not exceed the 364 Day Facility Commitment LESS the aggregate principal amount of all outstanding Competitive Bid Loans made under the 364 Day Facility; and the aggregate principal amount of outstanding Revolving Credit Loans made under the 364 Day Facility by any Lender shall not at any time exceed such Lender's 364 Day Facility Commitment; and (B) the aggregate principal amount of all outstanding Revolving Credit Loans (after giving effect to any amount requested) made under the Five Year Facility PLUS the aggregate principal amount of all outstanding Swingline Loans made under the Five Year Facility (after giving effect to the amount of any Swingline Loans requested under the Five Year Facility and exclusive of Swingline Loans made under the Five Year Facility which are repaid with the proceeds of, and simultaneously with the incurrence of, Revolving Credit Loans under the Five Year Facility) shall not exceed the Five Year Facility Commitment LESS the sum of (x) all outstanding L/C Obligations PLUS (y) the aggregate principal amount of all outstanding Competitive Bid Loans made under the Five Year Facility; and the aggregate principal amount of outstanding Revolving Credit Loans made under the Five Year Facility by any Lender shall not at any time exceed such Lender's Five Year Facility Commitment. Each Revolving Credit Loan made by a Lender under the 364 Day Facility or the Five Year Facility shall be in a principal amount equal to such Lender's Commitment Percentage of the aggregate principal amount of Revolving Credit Loans requested under such facility on such occasion.

Description of Facilities. Upon the terms and subject to the conditions set forth in this Agreement: (i) the Lenders hereby grant to the Borrower Borrowers a short term revolving credit facility (the "364 DAY FACILITYDay Facility") and a multi-year revolving credit facility (the "FIVE YEAR FACILITYFive Year Facility") pursuant to which each Lender severally agrees to make Revolving Credit Loans to the Borrower respective Borrowers in Dollars and Offshore Currencies in accordance with Section 2.2 and the Swingline Lender agrees to make Swingline Loans to the Borrower respective Borrowers in Dollars in accordance with Section 2.6 and (ii) the parties hereto agree that each Lender may, in its sole discretion, make bids to make Competitive Bid Loans to the Borrower respective Borrowers in Dollars, Canadian Dollars or Australian Dollars in accordance with Section 2.5; PROVIDED provided that (A) the aggregate principal Dollar Equivalent amount of all outstanding Revolving Credit Loans (after giving effect to any amount requested) made under the 364 Day Facility shall not exceed the 364 Day Facility Commitment LESS less the aggregate principal Dollar Equivalent amount of all outstanding Competitive Bid Loans made under the 364 Day Facility; and the aggregate principal Dollar Equivalent amount of outstanding Revolving Credit Loans made under the 364 Day Facility by any Lender shall not at any time exceed such Lender's 364 Day Facility Commitment; and (B) the aggregate principal Dollar Equivalent amount of all outstanding Revolving Credit Loans (after giving effect to any amount requested) made under the Five Year Facility PLUS plus the aggregate principal amount of all outstanding Swingline Loans made under the Five Year Facility (after giving effect to the amount of any Swingline Loans requested under the Five Year Facility and exclusive of Swingline Loans made under the Five Year Facility which are repaid with the proceeds of, and simultaneously with the incurrence of, Revolving Credit Loans under the Five Year Facility) shall not exceed the Five Year Facility Commitment LESS less the sum of (x) all outstanding L/C Obligations PLUS plus (y) the aggregate principal Dollar Equivalent amount of all outstanding Competitive Bid Loans made under the Five Year Facility; and the aggregate principal Dollar Equivalent amount of outstanding Revolving Credit Loans made under the Five Year Facility by any Lender shall not at any time exceed such Lender's Five Year Facility Commitment. Each Revolving Credit Loan made by a Lender under the 364 Day Facility or the Five Year Facility shall be in a principal Dollar Equivalent amount equal to such Lender's Commitment Percentage of the aggregate principal Dollar Equivalent amount of Revolving Credit Loans requested under such facility on such occasion.

Description of Facilities. Upon the terms and subject to the ------------------------- conditions set forth in this Agreement: (i) the Lenders hereby grant to the Borrower Borrowers a short term revolving credit facility (the "364 DAY FACILITYDay Facility") and a --------------------- multi-year revolving credit facility (the "FIVE YEAR FACILITYMulti-Year Facility") pursuant to ------------------------ which each Lender severally agrees to make Revolving Credit Loans to the Borrower respective Borrowers in (x) in the case of the 364 Day Facility, Dollars and (y) in the case of the Multi-Year Facility, Dollars and Offshore Currencies, each in accordance with Section 2.2 2.2, and the Swingline Lender agrees to make Swingline Loans to the Borrower Company in Dollars in accordance with Section 2.6 and (ii) the parties hereto agree that each Lender may, in its sole discretion, make bids to make Competitive Bid Loans to the Borrower respective Borrowers in Dollars and Offshore Currencies, in accordance with Section 2.5; PROVIDED provided that (A) the aggregate -------- principal Dollar Equivalent amount of all outstanding Revolving Credit Loans (after giving effect to any amount requested) made under the 364 Day Facility shall not exceed the 364 Day Facility Commitment LESS the aggregate principal amount of all outstanding Competitive Bid Loans made under the 364 Day FacilityCommitment; and the aggregate principal Dollar Equivalent amount of outstanding Revolving Credit Loans made under the 364 Day Facility by any Lender shall not at any time exceed such Lender's 364 Day Facility Commitment; and (B) the aggregate principal Dollar Equivalent amount of all outstanding Revolving Credit Loans (after giving effect to any amount requested) made under the Five Multi-Year Facility PLUS plus the aggregate ---- principal amount of all outstanding Swingline Loans made under the Five Multi-Year Facility (after giving effect to the amount of any Swingline Loans requested under the Five Multi-Year Facility and exclusive of Swingline Loans made under the Five Multi-Year Facility which are repaid with the proceeds of, and simultaneously with the incurrence of, Revolving Credit Loans under the Five Multi-Year Facility) shall not exceed the Five Multi-Year Facility Commitment LESS less the sum of (x) all ---- outstanding L/C Obligations PLUS plus (y) the aggregate principal Dollar Equivalent ---- amount of all outstanding Competitive Bid Loans made under the Five Multi-Year Facility; and the aggregate principal Dollar Equivalent amount of outstanding Revolving Credit Loans made under the Five Multi-Year Facility by any Lender plus such Lender's ---- pro rata share of its participation interests in all outstanding L/C Obligations and Swingline Loans shall not at any time exceed such Lender's Five Multi-Year Facility Commitment. Each Revolving Credit Loan made by a Lender under the 364 Day Facility or the Five Multi-Year Facility shall be in a principal Dollar Equivalent amount equal to such Lender's Commitment Percentage of the aggregate principal Dollar Equivalent amount of Revolving Credit Loans requested under such facility on such occasion.