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 Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank may issue Letters of Credit in accordance with Section 2.24, (iii) the Swingline Lender may 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 Exposure exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Aaron's 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 each Lender severally agree agrees (to the extent of each Lendersuch Xxxxxx’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank may issue Letters of Credit in accordance with Section 2.242.22, (iii) the Swingline Lender may make Swingline Loans in accordance with Section 2.4, 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 Exposure exceed at any time the Aggregate Revolving Commitments in effect from time to time in effecttime. Section 2.2.

Appears in 1 contract

Samples: Credit Agreement (Molina Healthcare, 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 each Lender severally agree agrees (to the extent of each such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, ; (iib) the Issuing Bank may issue Letters of Credit in accordance with Section 2.24, 2.22; (iiic) the Swingline Lender may 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, provided that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitments Commitment Amount in effect from time to time in effecttime.

Appears in 1 contract

Samples: Credit Agreement (Community Healthcare Trust 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 Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, ; (ii) the Issuing Bank may issue Letters of Credit in accordance with Section 2.24, 2.21; (iii) the Swingline Lender may make Swingline Loans in accordance with Section 2.4, 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, provided that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitments Facility Amount in effect from time to time in effecttime.

Appears in 1 contract

Samples: First Lien Credit Agreement (Magnum Hunter Resources 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 each Lender severally agree agrees (to the extent of each Lendersuch Xxxxxx’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, ; (ii) the Issuing Bank may issue Letters of Credit in accordance with Section 2.24, 2.22; (iii) the Swingline Lender may 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, provided that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitments Commitment Amount in effect from time to time in effecttime.

Appears in 1 contract

Samples: Credit Agreement (Skyward Specialty Insurance Group, 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 Lendersuch Xxxxxx’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, ; (ii) the each Issuing Bank may issue Letters of Credit in accordance with Section 2.24, 2.22; (iii) the Swingline Lender may 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, provided that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitments Commitment Amount in effect from time to time in effect.time. Section 2.2

Appears in 1 contract

Samples: Credit Agreement (Apollo Medical Holdings, 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 Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, ; (ii) the Issuing Bank Banks may issue Letters of Credit in accordance with Section 2.24, 2.22; (iii) the Swingline Lender may 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, provided that in no event shall the aggregate principal amount of all outstanding Total Revolving Loans, Swingline Loans and outstanding LC Credit Exposure exceed at any time the Aggregate Maximum Revolving Commitments Amount in effect from time to time in effecttime.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sila Realty Trust, 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 Borrowers a revolving credit facility pursuant to which the Lenders each Lender severally agree agrees (to the extent of each such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower Borrowers in accordance with Section 2.2, (ii) the each Issuing Bank may issue Letters of Credit in accordance with Section 2.242.21, (iii) the Swingline Lender may make Swingline Loans in accordance with Section 2.4, 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, provided that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitments Commitment Amount in effect from time to time in effecttime.

Appears in 1 contract

Samples: Revolving Credit Agreement (Buckeye Partners, L.P.)

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 each Lender severally agree agrees (to the extent of each Lender’s '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 may agrees to issue Letters of Credit in accordance with Section 2.242.22, (iii) the Swingline Lender may 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 Exposure Obligations exceed at any time the Aggregate Revolving Commitments from time to time in effect.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (CBRL Group 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 Lendersuch Xxxxxx’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, ; (ii) the Issuing Bank Banks may issue Letters of Credit in accordance with Section 2.24, 2.22; (iii) the Swingline Lender may 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, provided that in no event shall the aggregate principal amount of all outstanding Total Revolving Loans, Swingline Loans and outstanding LC Credit Exposure exceed at any time the Aggregate MaximumAggregate Revolving Commitments Commitment Amount in effect from time to time in effecttime.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sila Realty Trust, 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 Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.22.2 and Section 2.3, (ii) the Issuing Bank may agrees to issue Letters of Credit in accordance with Section 2.242.20, (iii) the Swingline Lender may 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 Exposure exceed at any time the Aggregate Revolving Commitments Commitment Amount from time to time in effect.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Kayne Anderson Energy Development Co)

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 Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank may issue Letters of Credit in accordance with Section 2.242.22, (iii) the Swingline Lender may 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 Exposure exceed at any time the Aggregate Revolving Commitments in effect from time to time in effecttime.

Appears in 1 contract

Samples: Credit Agreement (Malibu Boats, 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 Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, ; (ii) the Issuing Bank may issue Letters of Credit in accordance with Section 2.24, 2.22; (iii) the Swingline Lender may 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, provided that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitments Commitment Amount in effect from time to time in effecttime.

Appears in 1 contract

Samples: Revolving Credit Agreement (Repay Holdings Corp)

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