Reallocation of Outstanding Advances Sample Clauses

Reallocation of Outstanding Advances. Each of the Syndication Parties agrees that: (a) the aggregate outstanding balance of 7 Year Advances as of the Closing Date shall on such date be reallocated among the Syndication Parties in accordance with the ratio which their Individual 7 Year Commitment bears to the Aggregate 7 Year Commitment on such date as determined by the Administrative Agent; (b) the aggregate outstanding balance of 10 Year Advances as of the Closing Date shall on such date be reallocated among the Syndication Parties in accordance with the ratio which their Individual 10 Year Commitment bears to the Aggregate 10 Year Commitment on such date as determined by the Administrative Agent; and (c) to the extent such reallocation as described in clauses (a) and (b) of this Section ("REALLOCATION") results in the 7 Year Advances and/or 10 Year Advances allocated to any Syndication Party being in excess of the 7 Year Advances and/or 10 Year Advances which were allocated to such Syndication Party under the 1999 Credit Agreement immediately prior to such Reallocation, such Syndication Party shall remit to the Administrative Agent funds in the amount of such excess by 2:00 P.M. (Central time) on the Closing Date in the manner provided in Section 14.27 hereof. To the extent such Reallocation results in the 7 Year Advances and/or 10 Year Advances allocated to any Syndication Party being less than the 7 Year Advances and/or 10 Year Advances which were allocated to such Syndication Party under the 1999 Credit Agreement immediately prior to such Reallocation ("REDUCTION"), the Administrative Agent shall, from funds it receives pursuant to clause (c) of this Section, remit the amount of such Reduction to such Syndication Party in the manner provided in Section 14.27 hereof.
Sample 1
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Reallocation of Outstanding Advances. Each of the Syndication Parties agrees that: (a) the aggregate outstanding balance of Advances under the 2004 Credit Agreement as of the Closing Date shall on such date be aggregated and reallocated among the Syndication Parties (as though they were Revolving Advances hereunder) in accordance with the ratio which their Individual Revolving Commitment bears to the Aggregate Revolving Commitment on such date as determined by the Administrative Agent; and (c) to the extent such reallocation as described in clause (a) of this Section (“Reallocation”) results in the Revolving Advances allocated to any Syndication Party being in excess of the Advances which were allocated to such Syndication Party under the 2004 Credit Agreement immediately prior to such Reallocation, such Syndication Party shall remit to the Administrative Agent funds in the amount of such excess by 2:00 P.M. (Central time) on the Closing Date in the manner provided in Section 14.27 hereof. To the extent such Reallocation results in the Advances allocated to any Syndication Party being less than the Advances which were allocated to such Syndication Party under the 2004 Credit Agreement immediately prior to such Reallocation (“Reduction”), the Administrative Agent shall, from funds it receives pursuant to clause (c) of this Section, remit the amount of such Reduction to such Syndication Party in the manner provided in Section 14.27 hereof.
Sample 1
Reallocation of Outstanding Advances. Each Lender executing a Lender Authorization and Consent acknowledges, confirms and agrees to its Revolving Credit Commitment and Term Loan Advances as set forth in the Register. All Revolving Credit Advances and Term Advances outstanding on the Amendment Effective Date shall be reallocated by the Administrative Agent in order that the outstanding balance of such Advances reflect the respective Revolving Credit Commitment and outstanding Advances of the Lenders as set forth in the Register. The Borrower agrees to reimburse the Lenders for any amounts owing pursuant to Section 9.04(c) in connection with such reallocation; provided that it is understood and agreed that the parties hereto and the Lenders shall make every effort to eliminate or mitigate, to the greatest extent possible, any LIBOR breakage amounts.
Sample 1
Reallocation of Outstanding Advances. Effective on 15 July 2005, the changes to the Lenders' Proportionate Shares in Credit 1 (adjusted in accordance with Section 5.2 of the Existing Credit Agreement) that are reflected in the amended Schedule E attached to this agreement will be implemented. As there are no Advances outstanding under Credit 1 except for L/Cs, there is no need for payments among the Lenders to adjust the principal amounts of Advances. The Agent shall promptly notify holders of any PoA L/Cs of the changes in the Applicable Percentages of the Lenders in accordance with the form of PoA L/C attached as Schedule N to the Existing Credit Agreement. In addition, TD shall make such payments to the other Lenders as the Agent determines are necessary to adjust the unearned fees in respect of L/Cs that are outstanding under Credit 1 to reflect the changes to the Lenders' Proportionate Shares in Credit 1. Alternately, the Agent may effect those payments by adjusting its remittances to the Lenders on the next occasion when a payment is made by the Borrower for the account of the Lenders.
Sample 1

Related to Reallocation of Outstanding Advances

  • Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Sections 5.8.1 [Increased Costs Generally] or 5.8.2 [Capital Requirements] and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

  • Revolving Advances Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) an amount equal to the sum of:

  • Amount of Revolving Advances Subject to the terms and conditions set forth in this Agreement including Section 2.1(b), each Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Lender’s Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit or (y) an amount equal to the sum of:

  • Reallocation of Revolving Credit Exposure Upon any Incremental Facility Closing Date on which Incremental Revolving Credit Commitments are effected through an increase in the Revolving Credit Commitments pursuant to this Section 2.14, (a) if the increase relates to the Revolving Credit Facility, each of the Revolving Credit Lenders shall assign to each of the Incremental Revolving Credit Lenders, and each of the Incremental Revolving Credit Lenders shall purchase from each of the Revolving Credit Lenders, at the principal amount thereof, such interests in the Incremental Revolving Credit Loans outstanding on such Incremental Facility Closing Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Credit Loans will be held by existing Revolving Credit Lenders and Incremental Revolving Credit Lenders ratably in accordance with their Revolving Credit Commitments after giving effect to the addition of such Incremental Revolving Credit Commitments to the Revolving Credit Commitments, (b) each Incremental Revolving Credit Commitment shall be deemed for all purposes a Revolving Credit Commitment and each Loan made thereunder shall be deemed, for all purposes, a Revolving Credit Loan and (c) each Incremental Revolving Credit Lender shall become a Lender with respect to the Incremental Revolving Credit Commitments and all matters relating thereto. The Administrative Agent and the Lenders hereby agree that the minimum borrowing and prepayment requirements in Sections 2.02 and 2.05(a) of this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence.

  • Reallocation of Applicable Revolving Percentages to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. Subject to Section 11.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  • Conversion and Continuation of Outstanding Advances Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) at least three Business Days prior to the date of the requested conversion or continuation, specifying:

  • Repayment of Outstanding Loans; Borrowing of New Loans On the on the effective date of such increase, the Borrower shall repay all Loans then outstanding, subject to the Borrower’s indemnity obligations under Section 5.10 [Indemnity]; provided that it may borrow new Loans with a Borrowing Date on such date. Each of the Lenders shall participate in any new Loans made on or after such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.11.

  • Repayment of Participation Advances 2.9.4.1 Upon (and only upon) receipt by the Administrative Agent for the account of the Issuing Lender of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Issuing Lender under the Letter of Credit with respect to which any Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Issuing Lender under such a Letter of Credit, the Administrative Agent on behalf of the Issuing Lender will pay to each Lender, in the same funds as those received by the Administrative Agent, the amount of such Lender’s Ratable Share of such funds, except the Administrative Agent shall retain for the account of the Issuing Lender the amount of the Ratable Share of such funds of any Lender that did not make a Participation Advance in respect of such payment by the Issuing Lender.

  • Loans, Advances, Investments, Etc Make or commit or agree to make, or permit any of its Subsidiaries make or commit or agree to make, any Investment in any other Person except for Permitted Investments.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

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