Loans and Letters of Credit. On the Closing Date:
Loans and Letters of Credit. 2.1. [Reserved].
Loans and Letters of Credit. 30 2.1. Total Facility.................................................................30 2.2. Revolving Loans................................................................30 2.3.
Loans and Letters of Credit. Subject to all of the terms and conditions contained in this Agreement, the Agent and the Lenders severally and not jointly agree to make the following extensions of credit to or for the benefit of Borrower:
Loans and Letters of Credit. Each Revolving Loan advance, each payment or prepayment of principal of any Revolving Loan (other than Swingline Loans) or reimbursement obligations arising from drawings under Letters of Credit, each payment of interest on the Revolving Loans or reimbursement obligations arising from drawings under Letters of Credit, each payment of Unused Fees, each payment of the Standby Letter of Credit Fee, each reduction of the Aggregate Revolving Committed Amount and each conversion or extension of any Revolving Loan (other than Swingline Loans), shall be allocated pro rata among the Lenders in accordance with the respective Revolving Commitment Percentages.
Loans and Letters of Credit. 44 Section 2.1 Revolving Loans and Term Loan A.................................................................... 44 Section 2.2 Swingline Loans ................................................................................................. 48 Section 2.3 Issuances of Letters of Credit and Purchase of Participations Therein .............
Loans and Letters of Credit. Subject to the terms and conditions of this Agreement, (a) the Revolving Credit Lenders hereby establish in favor of the Borrowers a revolving credit facility pursuant to which the Revolving Credit Lenders severally agree (to the extent of each Revolving Credit Lender’s Revolving Credit Percentage up to such Revolving Credit Lender’s Revolving Commitment) to make Revolving Loans to the Borrowers in accordance with Section 2.2; (b) the Issuing Bank agrees to issue Letters of Credit for the account of the Borrowers in accordance with Section 2.6; (c) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4; (d) each Revolving Credit Lender severally 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 amount of Revolving Credit Exposure exceed at any time the Aggregate Revolving Commitments from time to time in effect; and (e) each Term Loan Lender severally agrees to make a Term Loan to the Borrowers in a principal amount not exceeding such Term Loan Lender’s Term Loan Commitment on the Closing Date.
Loans and Letters of Credit. 26 Section 2.1 Term Loan.......................................................................... 26 Section 2.2 Revolving Loans.................................................................... 28 Section 2.3 Interest, Interest Calculations and Certain Fees................................... 30 Section 2.4 Notes.............................................................................. 34 Section 2.5 Letters of Credit and Letter of Credit Fees......................................
Loans and Letters of Credit. (a) Each Bank severally agrees, on the terms of this Agreement, to make Loans to the Company during the period from and including (i) the Closing Date or (ii) such later date that such Bank becomes a party to this Agreement as provided in Section 12.06(b), to and up to, but excluding the Maturity Date in an aggregate principal amount at any one time outstanding up to but not exceeding an amount equal to (x) the amount of such Bank's Commitment as then in effect minus (y) such Bank's Percentage Share of the Aggregate LC Exposure then existing; provided, however, that the aggregate principal amount of all such Loans by all Banks hereunder at any one time outstanding together with the Aggregate LC Exposure then existing shall not exceed the Aggregate Commitments as then in effect. Subject to the terms of this Agreement, during the period from the Closing Date to and up to, but excluding the Maturity Date, the Company may borrow, repay and reborrow the amount described in this Section 2.01(a).
(b) During the period from and including the Closing Date to but excluding the date that is four Business Days prior to the Maturity Date, the Agent, as issuing bank for the Banks, agrees to extend credit for the account of the Company at any time and from time to time by issuing, renewing, extending or reissuing Letters of Credit; provided however, the Aggregate LC Exposure at any one time outstanding shall not exceed the lesser of (A) $35,000,000 or (B) the Aggregate Commitments, as then in effect, minus the aggregate principal amount of all Loans then outstanding. The Banks shall automatically participate in such Letters of Credit according to their respective Percentage Shares.
(c) Subject to the other terms and provisions of this Agreement, at the option of the Company, the Loans may be Base Rate Loans or Eurodollar Loans; provided that, without the prior written consent of the Majority Banks, no more than six (6) Eurodollar Loans may be outstanding at any time; and provided further that until January 31, 2001 only the Loans made on the Closing Date may be Eurodollar Loans.
Loans and Letters of Credit. The obligation of each Revolving Bank to make any Revolving Loan and the obligation of the Agent to issue any Letter of Credit or make any Swingline Loan are subject to the following additional conditions precedent:
