Revolver Facility. Each Lender, severally and not jointly, agrees to lend to Borrower, from time to time during the period commencing on the date all conditions precedent set forth in Subsections 7.1 and 7.2 are satisfied or waived as provided herein and ending on the Business Day immediately preceding the Revolver Expiration Date, its Pro Rata Share of each Revolver Loan; provided that no Lender shall be required at any time to lend more than its respective Pro Rata Share of the Available Revolver Loan Commitment; and provided, further, that at any one time the aggregate principal amount of the Revolver Loans outstanding may not exceed the Revolver Loan Commitment less the outstanding Letter of Credit Liability. Within the limits of and subject to the Available Revolver Loan Commitment, this Subsection 1.1(A) and Subsections 1.6, 1.7 and 1.8, amounts borrowed under this Subsection 1.1(A) may be repaid or prepaid and, at any time up to and including the Business Day immediately preceding the Revolver Expiration Date, reborrowed.
Revolver Facility. (A) Each Lender, severally and not jointly, agrees to lend to Borrowers from time to time during the period from the Closing Date to but excluding the Expiry Date, at the request of Borrowers' Agent in the manner provided below, its Pro Rata Share of the Commitments not to exceed, however, at any time, and in any event, each Lender's Pro Rata Share of the Maximum Revolver Loan Amount. The aggregate amount of all Commitments shall be equal at any one time to Eighty Million Dollars ($80,000,000). The amount of each Lender's Commitment shall be equal at any one time to its Pro Rata Share of all Commitments. Amounts borrowed under this subsection may be repaid and reborrowed at any time prior to the Expiry Date; provided, however, that in the event that any Overadvance shall ever exist Borrowers shall repay such Overadvance, in full, immediately upon demand. No Lender shall have any obligation to make Revolver Loans to Borrowers to the extent any Revolver Loan requested by Borrowers' Agent on behalf of Borrowers would cause the principal balance of all Revolver Loans then outstanding to exceed the Maximum Revolver Loan Amount, except as provided in subsection 2.1(c) subject to the limitations set forth therein. Each Revolver Loan shall be made (or deemed made), in the following manner: (a) Borrowers' Agent shall give Agent written or oral notice of Borrowers' intention to borrow (which notice shall be irrevocable) before 12:00 Noon (New York, New York time), on any Business Day specifying the amount of the proposed borrowing and the proposed borrowing date (which notice, in the case of any LIBOR Rate Loan shall be given not later than three (3) Business Days in advance of the proposed borrowing date); and (b) unless payment is otherwise timely made by Borrowers, the becoming due of any Obligation required to be paid under this Agreement or any Loan Document shall be deemed irrevocably to be a request by Borrowers' Agent on behalf of Borrowers for a Revolver Loan on the due date of, and in the amount required to pay, such Obligations. The proceeds of each Revolver Loan requested by oral or written notice of intention to borrow given as described above are to be disbursed by Agent in lawful money of the United States of America in immediately available funds, in the case of the initial borrowing, in accordance with the terms of the written disbursement letter or other instructions from Borrowers' Agent, and in the case of each subsequent borrowing, by wire trans...
Revolver Facility. Subject to and in reliance upon the terms, conditions, representations, and warranties in the Loan Papers, each Revolver Lender severally and not jointly agrees to lend to Borrower such Revolver Lender's Pro Rata Part of one or more Borrowings under the Revolver Facility not to exceed such Revolver Lender's Committed Sum under the Revolver Facility, which, may be repaid and reborrowed from time to time in accordance with the terms and provisions of the Loan Papers; PROVIDED THAT, (a) each such Borrowing must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date for the Revolver Facility; (b) each such Borrowing shall be in an amount not less than (A) $5,000,000 or a greater integral multiple of $1,000,000 (if a Base Rate Borrowing or Eurodollar Rate Borrowing) or (B) $250,000 or a greater integral multiple thereof (if a Swing Line Borrowing); and (c) on any date of determination, the Revolver Commitment Usage shall never exceed the Revolver Commitment.
Revolver Facility. 23 2.2 Term Loan Facility.............................................................................24 2.3 LC Subfacility.................................................................................24 2.4 Discretionary Facility.........................................................................27 2.5 Terminations or Reductions of Commitments......................................................30 2.6
Revolver Facility. Each Revolver Lender severally, but not jointly, agrees to lend to Borrower such Revolver Lender's Commitment Percentage of one or more Borrowings under the Revolver Facility not to exceed such Revolver Lender's Committed Sum under the Revolver Facility, which Borrowings may be repaid and reborrowed from time to time in accordance with the terms and provisions of the Loan Documents; provided that, (a) each such Borrowing must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date for the Revolver Facility; (b) each such Borrowing shall be in an amount not less than (i) $1,000,000 or a greater integral multiple of $100,000 if a Eurodollar Rate Borrowing, or (ii) $500,000 or a greater integral multiple of $100,000 if a Base Rate Borrowing; (c) on any date of determination, after giving effect to the requested Borrowing, the Revolver Commitment Usage shall never exceed the Revolver Commitment; and (d) on any date of determination, after giving effect to the requested Borrowing, each Lender's Commitment Percentage (under the Revolver Facility) of the Revolver Commitment Usage shall not exceed such Lender's Committed Sum with respect to the Revolver Facility.
Revolver Facility. 1. Status Information for the Revolver Facility
Revolver Facility. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Loan Parties contained herein and in the other Loan Documents:
Revolver Facility. 23 2.2. Term Loan Facilities.........................................23 2.3. Terminations or Reductions of Commitments....................23 2.4.
Revolver Facility. Subject to the terms and conditions hereof including, without limitation, the conditions at each Extension of Credit set forth in Section 4.2 hereof, each Bank severally (and not jointly) agrees to make revolving credit loans under the Revolver Facility (the “Revolving Loans”) to the Borrowers on a joint and several basis from time to time during the Revolver Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the amount of such Bank’s Revolver Commitment minus the sum of such Bank’s Commitment Percentage of (i) all Letter of Credit Obligations then outstanding and (ii) the principal amount of all Swing Line Loans then outstanding; provided, that after giving effect to each such Revolving Loan, the aggregate Revolver Exposure of such Bank at such time shall not exceed such Bank’s Revolver Commitment. The Revolver Commitments may be increased, reduced or terminated from time to time pursuant to Section 2.14. Within the foregoing limits, the Borrowers may during the Revolver Commitment Period borrow, repay and reborrow under the Revolver Commitments, subject to and in accordance with the terms and limitations hereof.
Revolver Facility. Each Lender severally, but not jointly, agrees to lend to Borrowers (on a joint and several liability basis) in Dollars such Lender's Commitment Percentage of one or more Borrowings under the Revolver Facility not to exceed such Lender's Committed Sum, which Borrowings may be repaid and reborrowed from time to time in accordance with the terms and provisions of the Loan Documents; provided that, (a) each such Borrowing must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date; (b) each such Borrowing shall be in an amount not less than $5,000,000 or a greater integral multiple of $1,000,000 if a Eurodollar Rate Borrowing, $1,000,000 or a greater integral multiple of $100,000 if a Base Rate Borrowing or $100,000 if a Swing Line Borrowing; and (c) on any date of determination, the Revolver Commitment Usage shall never exceed the Revolver Commitment.
