Refinancing Revolving Credit Commitments Sample Clauses

Refinancing Revolving Credit Commitments. (a) Each financial institution listed on Schedule A (each a “2024 Refinancing Revolving Lender” and collectively, the “2024 Refinancing Revolving Lenders”) hereby commits to provide a 2024 Refinancing Revolving Credit Commitment in Dollars in the amount set forth opposite such 2024 Refinancing Revolving Lender’s name in the second column of the chart in Schedule A to the Borrower on the Amendment No. 6 Effective Date (as defined below) on the terms and subject to the conditions set forth herein. On the Amendment No. 6 Effective Date, (x) the Existing Revolving Credit Commitments will be terminated and replaced with the 2024 Refinancing Revolving Credit Commitments of the 2024 Refinancing Revolving Lenders as set forth on Schedule A hereto and (y) each Revolving Credit Lender (immediately prior to the effectiveness of this Amendment) that is not also a 2024 Refinancing Revolving Lender will cease to be a Revolving Credit Lender; provided, any Revolving Credit Borrowings outstanding under the Existing Revolving Credit Commitments existing immediately prior to giving effect to this Amendment shall be deemed to have been made under the 2024 Refinancing Revolving Credit Commitments and shall be deemed to be 2024 Refinancing Revolving Credit Loans for all purposes.
Sample 1
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Refinancing Revolving Credit Commitments. Subject to the terms and conditions set forth herein, on the Third Amendment Effective Date, each Refinancing Revolving Credit Lender hereby exchanges its Revolving Credit Commitment (and Revolving Credit Loans) for a Refinancing Revolving Credit Commitment (and Refinancing Revolving Credit Loans).
Sample 1
Refinancing Revolving Credit Commitments. The Borrowers may, on one or more occasions, upon giving no less than five Business Days’ prior written notice (or such shorter period as may be agreed to by the Administrative Agent) (which notice may take the form of a draft of the relevant Refinancing Revolving Credit Commitments Amendment) (the “Refinancing Revolving Credit Commitments Notice”) to the Administrative Agent, refinance all (and not less than all) of the Revolving Credit Commitments and the revolving credit commitments under the Existing Credit Agreement with a new revolving credit facility under this Agreement (such refinancing of the Revolving Credit Commitments and revolving credit commitments under the Existing Credit Agreement, the “Refinancing Revolving Credit Commitments”); provided, that the Borrowers may not consummate any such refinancing unless all (and not less than all) outstanding Tranche 3 Loans are refinanced in accordance with Section 2.22(a) simultaneously therewith. Each such Refinancing Revolving Credit Commitments Notice shall specify the date (the “Refinancing Revolving Credit Commitments Effective Date”), which shall be a Business Day, on which the Borrowers propose that such refinancing shall be consummated. Any such refinancing, and the incurrence of Refinancing Revolving Credit Commitments hereunder, shall be subject to the following:
Sample 1

Related to Refinancing Revolving Credit Commitments

  • Revolving Credit Facility (i) Subject to the terms and conditions hereof, each Lender severally agrees to make available to Borrowers from time to time until the Commitment Termination Date its Pro Rata Share of advances (each, a “Revolving Credit Advance”). The Pro Rata Share of the Loans of any Lender shall not at any time exceed its separate Commitment. The obligations of each Lender hereunder shall be several and not joint. Until the Commitment Termination Date, Borrowers may borrow, repay and reborrow under this Section 2.1(a); provided, that (x) the amount of any Revolving Credit Advances to be made at any time shall not exceed Availability at such time, (y) the amount of any Revolving Credit Advances to be made to the U.S. Borrowers at any time shall not exceed the U.S. Availability at such time and (z) the amount of any Revolving Credit Advances to be made to the Canadian Borrowers at any time shall not exceed the Canadian Availability at such time. Each Revolving Credit Advance shall be made on notice by Borrower Representative to one of the representatives of Agent identified in Schedule (2.1) at the address specified therein. Any such notice must be given no later than (1) 12 noon (New York, New York time) on the date of the proposed Revolving Credit Advance, in the case of a Base Rate Loan, or (2) 12 noon (New York, New York time) on the date which is three (3) Business Days’ prior to the proposed Revolving Credit Advance, in the case of a LIBOR Loan. Each such notice (a “Notice of Revolving Credit Advance”) may be given verbally by telephone but must be immediately confirmed in writing (by fax, electronic mail or overnight courier) substantially in the form of Exhibit 2.1(a)(i), and shall include the information required in such Exhibit. If any Borrower desires to have the Revolving Credit Advances bear interest by reference to a LIBOR Rate, with respect to LIBOR Loans denominated in Dollars, and BA Rate, with respect to LIBOR Loans denominated in Canadian Dollars, Borrower Representative must comply with Section 2.5(e). All Revolving Credit Advances (x) made to a U.S. Borrower shall be denominated in Dollars and (y) made to a Canadian Borrower shall be denominated in Dollars or Canadian Dollars but shall be deemed to have been made (in the case of Canadian Dollar Revolving Credit Advances) in the Dollar Equivalent of such Revolving Credit Advance.

  • Term Loan Commitments Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a term loan (the “Term Loan”) to the Borrower on the Closing Date in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment.

  • Revolving Credit Loans The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders on the applicable Maturity Date for the Revolving Credit Facilities of a given Class the aggregate principal amount of all of its Revolving Credit Loans of such Class outstanding on such date.

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