Common use of Effect on Commitments Clause in Contracts

Effect on Commitments. Notwithstanding anything in this Agreement to the contrary, the sum of the aggregate principal amount of all Revolving Credit Loans plus all Letter of Credit Advances (being the maximum amount available to be drawn under the related Letters of Credit plus the amount of any draws under Letters of Credit that have not been reimbursed), all Swingline Loans and all Bid-Option Loans shall not at any time exceed the aggregate amount of the Commitments of all Banks and, at any time an Interest Coverage Ratio Condition exists, the aggregate principal amount of all Senior Debt may not exceed the Borrowing Base. Each Bank's obligation to make its pro rata portion of any subsequently requested Revolving Credit Loan or Letter of Credit Advance shall not be affected by the making by such Bank of a Bid-Option Loan, and the Bank which has outstanding Bid-Option Loans may be obligated to exceed its Commitment, provided that, as stated above, the aggregate principal amount of all Revolving Credit Loans, all Letters of Credit Advances and all Bid-Option Loans shall not at any time exceed the aggregate amount of the Commitments of all Banks and, at any time an Interest Coverage Ratio Condition exists, the aggregate principal amount of all Senior Debt may not exceed the Borrowing Base. .

Effect on Commitments. Notwithstanding anything in this Agreement to the contrary, the sum of the aggregate outstanding principal amount of all Revolving Credit Loans plus plus, all Letter of Credit Advances (being the maximum amount available to be drawn under the related Letters of Credit plus the amount of any draws under Letters of Credit that have not been reimbursed)) plus, all Swingline Loans and Alternate Currency Loans, plus all Bid-Option Loans plus, all Swing Loans shall not at any time exceed the aggregate amount of the Revolving Credit Commitments of all Banks and, at any time an Interest Coverage Ratio Condition exists, the aggregate principal amount of all Senior Debt may not exceed the Borrowing BaseBanks. Each Bank's obligation to make its pro rata portion of any subsequently requested Revolving Credit Loan or Letter of Credit Advance shall not be affected by the making by such Bank of a Bid-Option Loan or an Alternate Currency Loan, and the Bank which has outstanding Bid-Option Loans and/or Alternate Currency Loans may be obligated to exceed its Revolving Credit Commitment, provided and provided, that, as stated above, the aggregate principal amount of all Revolving Credit Loans, all Letters of Credit Advances Advances, all Alternate Currency Loans, all Swing Loans and all Bid-Option Loans shall not at any time exceed the aggregate amount of the Revolving Credit Commitments of all Banks and, at any time an Interest Coverage Ratio Condition exists, the aggregate principal amount of all Senior Debt may not exceed the Borrowing Base. Banks.