Facility A Loans. Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Facility A Lender severally agrees to make Facility A Loans to the Borrower at any time or from time to time on or after the date hereof to the Expiration Date; provided that after giving effect to each such Loan (i) the aggregate amount of Facility A Loans from such Lender shall not exceed such Lender's Facility A Commitment minus such Lender's Facility A Percentage of the Letter of Credit Obligations and outstanding Swing Loans, (ii) the aggregate amount of the Revolving Credit Loans from such Lender shall not exceed such Lender's Revolving Credit Commitment minus such Lender's Ratable Share of the outstanding Swing Loans and Letter of Credit Obligations, and (iii) the Revolving Facility Usage shall not exceed the Revolving Credit Commitments. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrower may borrow, repay and reborrow pursuant to this Section 2.1.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Ipalco Enterprises, Inc.), Credit Agreement (Ipalco Enterprises, Inc.)