Five Year Facility Sample Clauses
Five Year Facility. The Borrower agrees to pay to the Administrative Agent, for the account of the Lenders, a non-refundable facility fee (the "FIVE YEAR FACILITY FEE") at a rate per annum equal to the Applicable Percentage for Facility Fee for the Five Year Facility on the average daily amount of the aggregate Five Year Facility Commitment during the applicable period, regardless of usage. The Five Year Facility Fee shall apply to the period commencing on the Closing Date and ending on the termination of the Five Year Facility Commitment and shall be payable in arrears on the last Business Day of each calendar quarter for the immediately preceding calendar quarter (or portion thereof), beginning with the first such date to occur after the Closing Date. Such Five Year Facility Fee shall be distributed by the Administrative Agent to the Lenders PRO RATA in accordance with the Lenders' respective Five Year Facility Commitment Percentages.
Five Year Facility. Subject to the terms and conditions hereof, each Five Year Bank severally agrees to make revolving credit loans under the Five Year Facility in either Dollars or one or more Optional Currencies (the "Five Year Loans") to the Borrowers on a joint and several basis from time to time during the Five Year Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the amount of such Bank's Five Year Commitment; provided, that (i) after giving effect to each such Five Year Loan, the aggregate Dollar Equivalent amount of outstanding Five Year Loans made by such Bank shall not exceed (x) such Bank's Five Year Commitment minus
Five Year Facility. Each Bank severally agrees, upon the terms and conditions hereinafter set forth, to make loans to the Borrowers (the "Five Year Facility Loans") from time to time during the period beginning on the date hereof and ending on August 27, 2000 or on the earlier date of termination in full, pursuant to Section 2.9 or Section 7.1 hereof, of the obligations of such Bank under this Section 2.1(b) (August 27, 2000 or such earlier date of termination being herein called the "Five Year Facility Termination Date") in amounts not to exceed at any time outstanding in the aggregate the commitment amount set forth opposite the name of such Bank on Exhibit A hereto (each such amount, as the same may be reduced pursuant to Section 2.9 hereof being hereinafter called such Bank's "Five Year Facility Commitment" and, collectively with each other Bank's Five Year Facility Commitment, the "Five Year Facility"). All Five Year Facility Loans shall be made to the Borrowers at the main office of the Agent, Broad and Chestnut Streets, Philadelphia, Pennsylvania 19101 or at such other office as may be designated from time to time by the Agent. Within the limits of each Bank's Five Year Facility Commitment and subject to Section 2.10, the Borrowers may borrow, prepay pursuant to Section 2.10 and reborrow under this Section 2.1(b). Any Bank may make, carry or transfer LIBO Rate Loans at, to or for the account of, its LIBO lending office or affiliate or such other offices or affiliates all as may be designated from time to time in writing by any Bank to the Agent. The obligation of each Bank to make a Five Year Facility Loan to the Borrowers at any time shall be limited to the Bank's Commitment Percentage times the aggregate amount of the Five Year Facility Loans requested. The principal amounts of the respective Five Year Facility Loans made by the Banks on the occasion of each Borrowing shall be pro rata in accordance with their respective Commitment Percentages under the Five Year Facility. No Bank shall be required or permitted to make any Five Year Facility Loan if, immediately after giving effect to such Five Year Facility Loan, and the application of the proceeds thereof to the extent applied to the repayment of the Five Year Facility Loans, (i) the sum of (a) the aggregate principal amount of such Bank's Five Year Facility Loans in Dollars outstanding to the Borrowers and (b) the Dollar Equivalent of the aggregate principal amount of such Bank's Five Year Facility Loans in a Sele...
Five Year Facility. The Company hereby requests that the funds from the Revolving Loan or Revolving Loans be disbursed to the following bank account: ____________________________________.
Five Year Facility. Funded Debt to Total Capitalization Ratios: ------------------------------------------- Is equal to or greater than < 20% 20% to < 35% 35% to < 43% 43% ---- ------------ ------------ --------