Common use of Lender’s Commitment Clause in Contracts

Lender’s Commitment. On the terms and subject to the conditions set forth in this Agreement, Lender agrees to make loans to Borrower on a revolving basis from time to time (the "LENDER'S COMMITMENT") before the Commitment Termination Date in such amounts as may be from time to time requested by Borrower pursuant to Section 2.2; PROVIDED, HOWEVER, that the aggregate principal amount of all Loans from time to time outstanding hereunder shall not exceed the lesser of (a) the Facility Limit and (b) the Borrowing Base. Within the limits of the Lender's Commitment, Borrower may borrow and (subject to Section 4.1(a)) prepay and reborrow under this Section 2.1.

Appears in 2 contracts

Samples: Loan Agreement (Choicepoint Inc), Loan Agreement (G&k Services Inc)

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Lender’s Commitment. On the terms and subject to the conditions set forth in this Agreement, Lender agrees to make loans to Borrower on a revolving basis from time to time (the "LENDER'S COMMITMENTLender's Commitment") before the Commitment Termination Date in such amounts as may be from time to time requested by Borrower pursuant to Section 2.2; PROVIDEDprovided, HOWEVERhowever, that the aggregate principal amount of all Loans from time to time outstanding hereunder shall not exceed the lesser of (a) the Facility Limit and (b) the Borrowing Base. Within the limits of the Lender's Commitment, Borrower may borrow and (subject to Section 4.1(a)) prepay and reborrow under this Section 2.1.

Appears in 1 contract

Samples: Loan Agreement (Us Xpress Enterprises Inc)

Lender’s Commitment. On the terms and subject to the conditions set forth in this Agreement, Lender agrees to make loans to Borrower on a revolving basis from time to time (the "LENDER'S COMMITMENT"“Lender’s Commitment”) before the Commitment Termination Date in such amounts as may be from time to time requested by Borrower pursuant to Section 2.2; PROVIDEDprovided, HOWEVERhowever, that the aggregate principal amount of all Loans from time to time outstanding hereunder shall not exceed the lesser of (a) $85,000,000 (the Facility Limit Limit”) and (b) the Borrowing Base. Within the limits of the Lender's ’s Commitment, Borrower may borrow and (subject to Section 4.1(a)) borrow, prepay and reborrow under this Section 2.1.

Appears in 1 contract

Samples: Loan Agreement (Baldor Electric Co)

Lender’s Commitment. (a) On the terms and subject to the conditions set forth in this Agreement, the Lender agrees to make loans to the Borrower on a revolving basis from time to time (the "LENDER'S COMMITMENT"“Lender’s Commitment”) before the Commitment Termination Date in such amounts as may be from time to time requested by the Borrower pursuant to Section 2.2; PROVIDEDprovided, HOWEVERhowever, that the aggregate principal amount of all Loans Advances from time to time outstanding hereunder shall not exceed the lesser of (ax) the Facility Limit and (by) the Borrowing Base. Within the limits of the Lender's Commitment’s Commitment and the Facility Limit, the Borrower may borrow and (subject to Section 4.1(a)) prepay and reborrow under this Section 2.1.

Appears in 1 contract

Samples: Loan Agreement (Jarden Corp)

Lender’s Commitment. On the terms and subject to the conditions set forth in this Agreement, Lender agrees to make loans to Borrower on a revolving basis from time to time (the "LENDER'S COMMITMENTLender's Commitment") before the Commitment Termination Date in such amounts as may be from time to time requested by Borrower pursuant to Section 2.2; PROVIDEDprovided, HOWEVERhowever, that the aggregate principal amount of all Loans from time to time outstanding hereunder shall not exceed the lesser of (a) $62,000,000 (the "Facility Limit Limit") and (b) the Borrowing Base. Within the limits of the Lender's Commitment, Borrower may borrow and (subject to Section 4.1(a)) borrow, prepay and reborrow under this Section 2.1.

Appears in 1 contract

Samples: Loan Agreement (Covenant Transport Inc)

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Lender’s Commitment. On the terms and subject to the conditions set forth in this Agreement, Lender agrees to make loans to Borrower on a revolving basis from time to time (the "LENDER'S COMMITMENT"“Lender’s Commitment”) before the Commitment Termination Date in such amounts as may be from time to time requested by Borrower pursuant to Section 2.2; PROVIDEDprovided, HOWEVERhowever, that the aggregate principal amount of all Loans from time to time outstanding hereunder shall not exceed the lesser of (a) the Facility Limit and (b) the Borrowing Base. Within the limits of the Lender's ’s Commitment, Borrower may borrow and (subject to Section 4.1(a)) prepay and reborrow under this Section 2.1.

Appears in 1 contract

Samples: Loan Agreement (G&k Services Inc)

Lender’s Commitment. On the terms and subject to the conditions set forth in this Agreement, Lender agrees to make loans to Borrower on a revolving basis from time to time (the "LENDER'S COMMITMENT"“Lender’s Commitment”) before the Commitment Termination Date in such amounts as may be from time to time requested by Borrower pursuant to Section 2.2; PROVIDEDprovided, HOWEVERhowever, that the aggregate principal amount of all Loans from time to time outstanding hereunder shall not exceed the lesser of (a) $70,000,000 (the Facility Limit Limit”) and (b) the Borrowing Base. Within the limits of the Lender's ’s Commitment, Borrower may borrow and (subject to Section 4.1(a)) borrow, prepay and reborrow under this Section 2.1.

Appears in 1 contract

Samples: Loan Agreement (Baldor Electric Co)

Lender’s Commitment. On the terms and subject to the conditions set forth in this Agreement, Lender agrees to make loans to Borrower on a revolving basis from time to time (the "LENDER'S COMMITMENTLender's Commitment") before the Commitment Termination Date in such amounts as may be from time to time requested by Borrower pursuant to Section 2.2; PROVIDEDprovided, HOWEVERhowever, that the aggregate principal amount of all Loans from time to time outstanding hereunder shall not exceed the lesser of (ai) $40,000,000 (the "Facility Limit Limit") and (bii) the Borrowing Base. Within the limits of the Lender's Commitment, Borrower may borrow and (subject to Section 4.1(a)) borrow, prepay and reborrow under this Section 2.1.

Appears in 1 contract

Samples: Loan Agreement (Central Freight Lines Inc/Tx)

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