Common use of General Description of Facilities Clause in Contracts

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s Pro Rata Share up to such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.24, (iii) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4, and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Obligations exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement (American Healthways Inc), Revolving Credit Loan Agreement (American Healthways Inc)

AutoNDA by SimpleDocs

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s 's Pro Rata Share up to such Lender’s 's Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.242.22, (iii) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4, and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Obligations exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Harland John H Co), Revolving Credit Agreement (Nelson Thomas Inc)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (ia) the Lenders hereby establish in favor favour of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s 's Pro Rata Share up to such Lender’s 's Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (iib) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.242.22, (iiic) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4, 2.4 and (ivd) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Obligations exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 1 contract

Samples: Canadian Revolving Credit Agreement (Ems Technologies Inc)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s Pro Rata Share up to such Lender’s 's Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.22.2(a) and to make Revolving Loans to the Co-Borrower in accordance with Section 2.2(b), (ii) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.242.22, (iii) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4, and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Obligations exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Aaron Rents Inc)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s Pro Rata Share up to such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.24, (iii) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4, and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Obligations exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 1 contract

Samples: Loan Agreement (Us Xpress Enterprises Inc)

General Description of Facilities. Subject --------------------------------- to and upon the terms and conditions herein set forth, (ia) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s 's Pro Rata Share up to such Lender’s 's Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (iib) the Issuing Bank agrees to issue Letters of ----------- Credit in accordance with Section 2.242.22, (iiic) the Swingline Lender agrees to make ------------ Swingline Loans in accordance with Section 2.4, and (ivd) each Lender agrees to ----------- purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event -------- shall the sum of the aggregate principal amount outstanding Revolving Credit Exposures of all outstanding Revolving Loans, Swingline Loans and outstanding LC Obligations Lenders exceed at any time the Aggregate Revolving Commitments from time to time then in effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Watsco Inc)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (ia) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s 's Pro Rata Share up to such Lender’s 's Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (iib) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.242.26, (iiic) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4, and (ivd) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Obligations exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ems Technologies Inc)

General Description of Facilities. (a) Subject to and upon the terms and conditions herein set forth, (ia) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s 's Pro Rata Share up to such Lender’s 's Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (iib) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.242.22, (iiic) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4, and (ivd) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the sum of the aggregate principal amount outstanding Revolving Credit Exposures of all outstanding Revolving Loans, Swingline Loans and outstanding LC Obligations Lenders exceed at any time the lesser of (i) the Aggregate Revolving Commitments from time to time then in effecteffect or (ii) the Borrowing Availability.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stein Mart Inc)

AutoNDA by SimpleDocs

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower Borrowers a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s 's Pro Rata Share up to such Lender’s 's Revolving Commitment) to make Revolving Loans to the Borrower Borrowers in accordance with Section 2.2, (ii) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.242.26, (iii) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4, and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Obligations exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Crawford & Co)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (ia) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s Pro Rata Share up to such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (iib) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.242.22, (iiic) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4, and (ivd) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Obligations exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 1 contract

Samples: Credit Agreement (United Surgical Partners International Inc)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders each Lender severally agree agrees (to the extent of each such Lender’s Pro Rata Share up to such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.24, 2.22; (iii) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4, ; and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereofcontained herein; provided, provided that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding the LC Obligations Exposure exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 1 contract

Samples: Subsidiary Guarantee Agreement (Amsurg Corp)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s 's Pro Rata Share up to such Lender’s 's Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.24, (iii) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4, ; and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Obligations exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Lone Star Steakhouse & Saloon Inc)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s Pro Rata Share up to such Lender’s 's Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section SECTION 2.2, (ii) the Issuing Bank agrees to issue Letters of Credit in accordance with Section SECTION 2.24, (iii) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4SECTION 2.5, and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; providedPROVIDED, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Obligations Exposure exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Swift Transportation Co Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.