German Revolving Commitments Clause Samples
German Revolving Commitments. On the terms and subject to the conditions contained in this Agreement, each German Revolving Lender severally agrees to make loans in Euro or Dollars (each a “German Revolving Loan”) to any German Borrower or the U.S. Borrower from time to time on any Business Day during the period from the Closing Date until the Revolving Credit Termination Date with respect to the German Revolving Facility in an aggregate principal amount at any time outstanding for all such loans by such German Revolving Lender not to exceed such German Revolving Lender’s German Revolving Commitment; provided, however, that at no time shall any German Revolving Lender be obligated to make a German Revolving Loan in excess of such German Revolving Lender’s Ratable Portion of the German Revolving Available Credit. Within the limits of the German Revolving Commitment of each German Revolving Lender and the German Revolving Available Credit, amounts of German Revolving Loans repaid may be reborrowed by any German Borrower or the U.S. Borrower under this Section 2.01(a)(iii).
German Revolving Commitments. Each Permanent Lender with a German Revolving Loan Commitment agrees to make loans to the German Borrowers on a revolving basis (“German Revolving Loans”) from time to time from the Permanent Loan Commencement Date until the Termination Date in such Permanent Lender’s Pro Rata Share of such aggregate amounts as the applicable German Borrower may request from all such Permanent Lenders; provided that (i) only Newco may borrow the initial German Revolving Loan (the “Initial German Revolving Loan”) which shall be in an aggregate principal amount up to $7 million and the proceeds of the Initial German Revolving Loan shall be used as set forth in Section 10.6, (ii) after the Initial German Revolving Loan, only the German Opcos shall be permitted to borrow German Revolving Loans, (iii) the Dollar Equivalent (as of the most recent Revaluation Date) of the sum of (a) the unpaid principal balance of all German Revolving Loans made by each Permanent Lender with a German Revolving Loan Commitment and (b) the Dollar Equivalent of such Permanent Lender’s Pro-Rata Share of the German Stated Amounts shall not exceed the amount (in Dollars) of such Permanent Lender’s German Revolving Loan Commitment, (iv) the Dollar Equivalent (as of the most recent Revaluation Date) of all German Revolving Outstandings shall not exceed the German Revolving Loan Commitments (in Dollars), and (v) the Dollar Equivalent (as of the most recent Revaluation Date) of Revolving Outstandings shall not exceed the Revolving Commitments (in Dollars). The German Revolving Loans may be borrowed in Dollars or Euros.