Common use of Loans or Revolving Loans Clause in Contracts

Loans or Revolving Loans. Each Borrower hereby authorizes the Swing Loan Lenders to make Swing Loans pursuant to Section 2.3(a) and the Lenders to make Revolving Loans pursuant to Section 2.2(a), from time to time in such Swing Loan Lender's or such Lender's discretion, which are in the amounts of any and all principal payable with respect to the interest, fees, expenses and other sums payable in respect of the Loans of such Borrower, and further authorizes the Administrative Agent to give the Lenders notice of any Borrowing with respect to such Loans and to distribute the proceeds of such Loans to pay such amounts. Each Borrower agrees that all such Loans so made shall be deemed to have been requested by it, as applicable, (irrespective of the satisfaction of the conditions in Section 3.2, which conditions the Revolving Credit Lenders irrevocably waive) and directs that all proceeds thereof shall be used to pay such amounts.

Appears in 1 contract

Samples: Credit Agreement (Terra Nitrogen Co L P /De)

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Loans or Revolving Loans. Each Borrower hereby authorizes the Swing Loan Lenders Lender to make Swing Loans pursuant to Section 2.3(a) and the Lenders to make Revolving Loans pursuant to Section 2.2(a), from time to time in such the Swing Loan Lender's ’s or such Lender's ’s discretion, which are in the amounts of any and all principal payable with respect to the interest, fees, expenses and other sums payable in respect of the Loans of such Borrower, and further authorizes the Administrative Agent to give the Lenders notice of any Borrowing with respect to such Loans and to distribute the proceeds of such Loans to pay such amounts. Each Borrower agrees that all such Loans so made shall be deemed to have been requested by it, as applicable, (irrespective of the satisfaction of the conditions in Section 3.2, which conditions the Revolving Credit Lenders irrevocably waive) and directs that all proceeds thereof shall be used to pay such amounts.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

Loans or Revolving Loans. Each The Borrower hereby authorizes the Swing Loan Lenders Lender to make such Swing Loans pursuant to Section 2.3(a) and the Revolving Credit Lenders to make Revolving Loans pursuant to Section 2.2(a), ) from time to time in such Swing Loan Lender's or such Lender's discretion, which are in the amounts of any and all principal payable with respect to the Swing Loans, Reimbursement Obligations, interest, fees, expenses and other sums payable in respect of the Revolving Loans of such Borrowerand Protective Advances, and further authorizes the Administrative Revolving Facility Agent to give the Revolving Credit Lenders notice of any Borrowing with respect to such Swing Loans and Revolving Loans and to distribute the proceeds of such Swing Loans and Revolving Loans to pay such amounts. Each The Borrower agrees that all such Swing Loans and Revolving Loans so made shall be deemed to have been requested by it, as applicable, it (irrespective of the satisfaction of the conditions in Section 3.2, 3.2 which conditions the Revolving Credit Lenders irrevocably waive) and directs that all proceeds thereof shall be used to pay such amounts.

Appears in 1 contract

Samples: Credit Agreement (Warnaco Group Inc /De/)

Loans or Revolving Loans. Each The Borrower hereby authorizes the Swing Loan Lenders Lender to make Swing Loans pursuant to Section 2.3(a) SECTION 2.3(A), and the Lenders to make Revolving Loans pursuant to Section 2.2(aSECTION 2.2(A), from time to time in such Swing Loan Lender's 's, or such Lender's discretion, which are in the amounts of any and all principal payable with respect to the Swing Loans and interest, fees, expenses and other sums payable in respect of the Loans of such BorrowerRevolving Loans, and further authorizes the Administrative Agent to give the Lenders notice of any Borrowing with respect to such Swing Loans and Revolving Loans and to distribute the proceeds of such Swing Loans and Revolving Loans to pay such amounts. Each The Borrower agrees that all such Swing Loans and Revolving Loans so made shall be deemed to have been requested by it, as applicable, it (irrespective of the satisfaction of the conditions in Section SECTION 3.2, which conditions the Revolving Credit Lenders irrevocably waive) and directs that all proceeds thereof shall be used to pay such amounts.

Appears in 1 contract

Samples: Credit Agreement (Paragon Trade Brands Inc)

Loans or Revolving Loans. Each The Borrower hereby authorizes the Swing Loan Lenders Lender to make Swing Loans pursuant to Section 2.3(a) ), and the Lenders to make Revolving Loans pursuant to Section 2.2(a), from time to time in such the Swing Loan Lender's 's, or such Lender's discretion, which that are in the amounts of any and all principal payable with respect to the Swing Loans and interest, fees, expenses and other sums payable in respect of the Loans of such BorrowerRevolving Loans, and further authorizes the Administrative Agent to give the Lenders notice of any Borrowing with respect to such Swing Loans and Revolving Loans and to distribute the proceeds of such Swing Loans and Revolving Loans to pay such amounts. Each The Borrower agrees that all such Swing Loans and Revolving Loans so made shall be deemed to have been requested by it, as applicable, it (irrespective of the satisfaction of the conditions in Section 3.23.2 (Conditions Precedent to Each Loan and Letter of Credit), which conditions the Revolving Credit Lenders irrevocably waive) and directs that all proceeds thereof shall be used to pay such amounts.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

Loans or Revolving Loans. Each Borrower The Borrowers hereby authorizes authorize the Swing Loan Lenders Lender to make Swing Loans pursuant to Section 2.3(a) ), and the Lenders to make Revolving Loans pursuant to Section 2.2(a), from time to time in such the Swing Loan Lender's ’s, or such Lender's ’s discretion, which that are in the amounts of any and all principal payable with respect to the Swing Loans and interest, fees, expenses and other sums payable in respect of the Loans of such BorrowerRevolving Loans, and further authorizes the Administrative Agent to give the Lenders notice of any Borrowing with respect to such Swing Loans and Revolving Loans and to distribute the proceeds of such Swing Loans and Revolving Loans to pay such amounts. Each Borrower agrees The Borrowers agree that all such Swing Loans and Revolving Loans so made shall be deemed to have been requested by it, as applicable, them (irrespective of the satisfaction of the conditions in Section 3.2, which conditions the Revolving Credit Lenders irrevocably waive) and directs direct that all proceeds thereof shall be used to pay such amounts.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

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Loans or Revolving Loans. Each The Borrower hereby authorizes the Swing Loan Lenders Lender to make Swing Loans pursuant to Section 2.3(a) and the Lenders to make Revolving Loans pursuant to Section 2.2(a), from time to time in such the Swing Loan Lender's ’s or such Lender's ’s discretion, which are in the amounts of any and all principal payable with respect to the interest, fees, expenses and other sums payable in respect of the Loans of such the Borrower, and further authorizes the Administrative Agent to give the Lenders notice of any Borrowing with respect to such Loans and to distribute the proceeds of such Loans to pay such amounts. Each The Borrower agrees that all such Loans so made shall be deemed to have been requested by it, as applicable, (irrespective of the satisfaction of the conditions in Section 3.2, which conditions the Revolving Credit Lenders irrevocably waive) and directs that all proceeds thereof shall be used to pay such amounts.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

Loans or Revolving Loans. Each The Borrower hereby authorizes the Swing Loan Lenders Lender to make Swing Loans pursuant to Section 2.3(a) ), and the Lenders to make Revolving Loans pursuant to Section 2.2(a), from time to time in such the Swing Loan Lender's 's, or such Lender's discretion, which that are in the amounts of any and all principal payable with respect to the Swing Loans and interest, fees, expenses and other sums payable in respect of the Loans of such BorrowerRevolving Loans, and further authorizes the Administrative Agent to give the Lenders notice of any Borrowing with respect to such Swing Loans and Revolving Loans and to distribute the proceeds of such Swing Loans and Revolving Loans to pay such amounts. Each The Borrower agrees that all such Swing Loans and Revolving Loans so made shall be deemed to have been requested by it, as applicable, it (irrespective of the satisfaction of the conditions in Section 3.2, which conditions the Revolving Credit Lenders irrevocably waive) and directs that all proceeds thereof shall be used to pay such amounts.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

Loans or Revolving Loans. Each Borrower hereby authorizes the Swing Loan Lenders Lender to make Swing Loans pursuant to Section 2.3(a) and the Lenders to make Revolving Loans pursuant to Section 2.2(a), from time to time in such the Swing Loan Lender's or such Lender's discretion, which are in the amounts of any and all principal payable with respect to the interest, fees, expenses and other sums payable in respect of the Loans of such Borrower, and further authorizes the Administrative Agent to give the Lenders notice of any Borrowing with respect to such Loans and to distribute the proceeds of such Loans to pay such amounts. Each Borrower agrees that all such Loans so made shall be deemed to have been requested by it, as applicable, (irrespective of the satisfaction of the conditions in Section 3.2, which conditions the Revolving Credit Lenders irrevocably waive) and directs that all proceeds thereof shall be used to pay such amounts.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

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