Common use of Dollar Tranche Loans Clause in Contracts

Dollar Tranche Loans. During the Revolving Commitment Period, each Dollar Tranche Lender severally agrees to make revolving credit loans (the “Dollar Tranche Loans”) to the Parent Borrower in Dollars on any Business Day; provided that after giving effect to any such Dollar Tranche Loan, (i) with regard to the Revolving Lenders collectively, the aggregate Outstanding Amount of all Revolving Obligations shall not exceed the aggregate Revolving Committed Amount (as such amount may be increased or decreased in accordance with the provisions hereof), (ii) with regard to the Dollar Tranche Lenders collectively, the aggregate Outstanding Amount of Dollar Tranche Obligations shall not exceed the Dollar Tranche Committed Amount, (iii) with regard to each Dollar Tranche Lender individually, such Dollar Tranche Lender’s Dollar Tranche Commitment Percentage of Dollar Tranche Obligations shall not exceed its respective Dollar Tranche Committed Amount and (iv) with regard to each Revolving Lender individually, such Revolving Lender’s Revolving Commitment Percentage of the Revolving Obligations shall not exceed such Revolving Lender’s Revolving Committed Amount. Dollar Tranche Loans may consist of Base Rate Loans, Eurocurrency Loans, or a combination thereof, as provided herein, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Sources: Credit Agreement (Sabra Health Care REIT, Inc.)

Dollar Tranche Loans. During the Revolving Commitment Period, each Dollar Tranche Lender severally agrees to make revolving credit loans (the “Dollar Tranche Loans”) to the Parent Borrower in Dollars on any Business Day; provided provided, that after giving effect to any such Dollar Tranche Loan, (i) with regard to the Revolving Lenders collectively, the aggregate Outstanding Amount of all Revolving Obligations shall not exceed the aggregate Revolving Committed Amount (as such amount may be increased or decreased in accordance with the provisions hereof), (ii) with regard to the Dollar Tranche Lenders collectively, the aggregate Outstanding Amount of Dollar Tranche Obligations shall not exceed the Aggregate Dollar Tranche Committed AmountCommitments, (iii) with regard to each Dollar Tranche Lender individually, such Dollar Tranche Lender’s Dollar Tranche Commitment Percentage of Dollar Tranche Obligations shall not exceed its respective Dollar Tranche Committed Amount and (iv) with regard to each Revolving Lender individually, such Revolving Lender’s Revolving Commitment Percentage of the Revolving Obligations shall not exceed such Revolving Lender’s Revolving Committed Amount. Dollar Tranche Loans may consist of Base Rate Loans, Eurocurrency Eurodollar Loans, or a combination thereof, as provided herein, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Sources: Credit Agreement (Omega Healthcare Investors Inc)