Description of Facility; Commitment. (a) From and including the date of this Agreement and prior to the Facility Termination Date, upon the satisfaction of the conditions precedent set forth in Sections 4.01 and 4.02, as applicable, each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower from time to time in amounts not to exceed in the aggregate at any one time outstanding its Pro Rata Share of the Aggregate Commitment; provided that at no time shall (a) the Aggregate Outstanding Credit Exposure with respect to all Revolving Loans exceed the Aggregate Commitment and (b) the Outstanding Credit Exposure with respect to the Revolving Loans plus the Outstanding Credit Exposure with respect to all L/C Obligations of any Lender exceed such Lender’s Commitment. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Revolving Loans at any time prior to the Facility Termination Date. The Commitments to lend hereunder shall expire automatically on the Facility Termination Date. Each Advance hereunder shall consist of Revolving Loans made from the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment.
Description of Facility; Commitment. Subject solely to the occurrence of the Closing Date, each Lender severally and not jointly agrees to make a Loan to the Borrower, in Dollars, in a single drawing on the Closing Date in accordance with its Pro Rata Share and in an amount not to exceed such Lender’s Commitment. Amounts paid, repaid or prepaid on the Loans may not be reborrowed.
Description of Facility; Commitment. Each Tranche A-1 Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make Loans (“Tranche A-1 Loans”) to the Borrower on the Funding Date (which shall be no later than the last day of the Commitment Period) in an amount not to exceed its Tranche A-1 Commitment in a single drawing; provided that if for any reason the full amount of such Lender’s Tranche A-1 Commitment is not fully drawn on the Funding Date, the undrawn portion thereof shall automatically be terminated, and (b) each Tranche A-2 Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make Loans (“Tranche A-2 Loans”) to the Borrower on the Funding Date (which shall be no later than the last day of the Commitment Period) in an amount not to exceed its Tranche A-2 Commitment in a single drawing; provided that if for any reason the full amount of such Lender’s Tranche A-2 Commitment is not fully drawn on the Funding Date, the undrawn portion thereof shall automatically be terminated. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. The Loans shall be made by each Lender of each Tranche in accordance with its Pro Rata Share of the Commitments of such Tranche. The Borrowing of Loans shall be allocated to the Tranche A-1 Loans and the Tranche A-2 Loans as directed by the Borrower. Each Lender’s Commitment shall terminate immediately and without further action upon the earlier of (x) the Funding Date after giving effect to the funding of such Lender’s Loans on such date and (y) the expiration of the Commitment Period.
Description of Facility; Commitment. (a) Each Tranche A-1 Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make Loans (“Tranche A-1 Loans”) to the Borrower on the Funding Date (which shall be no later than the last day of the Commitment Period) in an amount not to exceed its Tranche A-1 Commitment in a single drawing; provided that if for any reason the full amount of such Lender’s Tranche A-1 Commitment is not fully drawn on the Funding Date, the undrawn portion thereof shall automatically be terminated, and (b) each Tranche A-2 Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make Loans (“Tranche A-2 Loans”) to the Borrower on the Funding Date (which shall be no later than the last day of the Commitment Period) in an amount not to exceed its Tranche A-2 Commitment in a single drawing; provided that if for any reason the full amount of such Lender’s Tranche A-2 Commitment is not fully drawn on the Funding Date, the undrawn portion thereof shall automatically be terminated.
Description of Facility; Commitment. From and including the date of this Agreement and prior to the Termination Date, upon the satisfaction of the conditions precedent set forth in Section 4.1 and 4.2, as applicable, each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make Loans to the Borrower from time to time in Dollars in amounts not to exceed in the aggregate at any one time outstanding its Pro Rata Share of the Available Aggregate Commitment; provided that at no time shall the Aggregate Outstanding Credit Exposure hereunder exceed the Aggregate Commitment. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Revolving Loans at any time prior to the Termination Date. The Commitments to lend hereunder shall expire automatically on the Termination Date. SIDLEY XXXXXX XXXXX & XXXX LLP
Description of Facility; Commitment. Each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make Loans to the Borrower on the Funding Date (which shall be no later than the last day of the Commitment Period) in an amount not to exceed its Pro Rata Share of the Aggregate Commitment in a single drawing; provided that if for any reason the full amount of such Lender’s Commitment is not fully drawn on the Funding Date, the undrawn portion thereof shall automatically be terminated. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. Each Lender’s Commitment shall terminate immediately and without further action upon the earlier of (x) the Funding Date after giving effect to the funding of such Lender’s Loans on such date and (y) the expiration of the Commitment Period.
Description of Facility; Commitment. Swingline Loans 33 Section 2.02 Facility Termination Date 36 Section 2.03 Letters of Credit. 37 Section 2.04 Types of Advances 43 Section 2.05 Fees; Reductions in Aggregate Commitment 43 Section 2.06 Minimum Amount of Each Advance 44
Description of Facility; Commitment. Each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make Loans from time to time to the Borrower on each Funding Date (which shall be no later than the last day of the Commitment Period) in an amount not to exceed (x) for any such Lender, the Commitment of such Lender as of such date (immediately prior to making such Loan) and (y) in the aggregate for all Lenders, the Aggregate Commitment as of such date (immediately prior to making such Loan). Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. The Loans shall be made by each Lender in accordance with its Pro Rata Share of the Aggregate Commitment. Each Borrowing shall be in a minimum aggregate amount of $30,000,000 or any integral multiple of $10,000,000 in excess thereof (or, if less, the remaining Aggregate Commitment as of such date). Each Lender’s Commitment (x) shall be reduced by the aggregate principal amount of such Lender’s Loan made on such Funding Date and (y) terminate immediately and without further action upon the expiration of the Commitment Period.
Description of Facility; Commitment. From and including the date of this Agreement and prior to the Commitment Termination Date, upon the satisfaction of the conditions precedent set forth in Section 4.1 and 4.2, as applicable, each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make Loans to the Borrower from time to time in Dollars in amounts not to exceed in the aggregate at any one time outstanding of its Pro Rata Share of the Available Aggregate Commitment; provided that at no time shall the Aggregate Outstanding Credit Exposure hereunder exceed the Aggregate Commitment. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Revolving Loans at any time prior to the Commitment Termination Date. The Commitments to lend hereunder shall expire automatically on the Commitment Termination Date. Principal payments made after the Commitment Termination Date may not be reborrowed.
Description of Facility; Commitment. (a) Each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make Loans to the Borrower on the Funding Date (which shall be no later than the last day of the Commitment Period) in an amount not to exceed its Pro Rata Share of the Aggregate Commitment in a single drawing; provided that if for any reason the full amount of such Lender’s Commitment is not fully drawn on the Funding Date, the undrawn portion thereof shall automatically be cancelled thereon. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. Each Lender’s Commitment shall terminate immediately and without further action upon the earlier of (x) the Funding Date after giving effect to the funding of such Lender’s Loans on such date and (y) the expiration of the Commitment Period.
