Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) shall be EIGHT HUNDRED FIVE MILLION DOLLARS ($805,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("“Revolving Loans"”) to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's ’s share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's ’s Revolving Commitment Percentage of Swingline Loans plus such Lender's ’s LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's ’s Revolving Commitment Percentage of the aggregate Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) hereunder shall be EIGHT HUNDRED TWENTY FIVE MILLION DOLLARS ($805,000,00025,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.82.7, the "“Revolving Committed Amount"”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender the Lenders severally agrees agree to make revolving credit loans ("“Revolving Loans"”) to the Parent Borrower from time to time in an aggregate principal amount of up to TWO HUNDRED MILLION DOLLARS ($200,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the “Revolving Committed Amount”) for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's ’s Revolving Commitment Percentage of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's ’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Lender's LOC ’s Revolving Commitment Percentage of LOC Obligations shall not exceed such Lender's ’s Revolving Commitment Percentage of the Revolving Committed Amount Commitment, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) shall be EIGHT HUNDRED FIVE MILLION DOLLARS ($805,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) hereunder shall be EIGHT ONE HUNDRED FIVE FIFTY MILLION DOLLARS ($805,000,000150,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.82.6, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars ("“Revolving Loans"”) to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Revolving Lender individually, the sum of such Revolving Lender's outstanding Revolving Loans and SFG Revolving Loans plus such Lender's ’s Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus such Lender's LOC Commitment Percentage of outstanding Revolving LOC Obligations shall not exceed such Revolving Lender's ’s Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus SFG Revolving Loans plus outstanding Swingline Loans plus outstanding Revolving LOC Obligations shall not exceed the Revolving Committed AmountAmount then in effect. For purposes hereof, the aggregate principal amount available under this Section 2.1(a) for Revolving Loan borrowings hereunder shall be EIGHT ONE HUNDRED FIVE FIFTY MILLION DOLLARS ($805,000,000150,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, or increased from time to time as provided in Section 2.23, the "“Revolving Committed Amount"”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Revolving Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. No Revolving Loans shall be made on the Closing Date.
Appears in 1 contract
Sources: Credit Agreement (Gencorp Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus the aggregate amount of LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) shall be EIGHT HUNDRED FIFTY-FIVE MILLION DOLLARS ($805,000,00055,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8herein, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Eurodollar Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Eurodollar Loans shall be made by each Lender at its LIBOR Eurodollar Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Manitowoc Co Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time in an aggregate principal amount of up to TWO HUNDRED MILLION DOLLARS ($200,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.6, the "Aggregate Revolving Committed Amount") for the purposes hereinafter set forth; provided, however, that (i) with regard to each Revolving Lender individually, the sum of such Revolving Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Revolving Lender's Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Revolving Lender's Revolving Commitment Percentage of the Revolving Committed Amount Amount, and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not exceed the Aggregate Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) shall be EIGHT HUNDRED FIVE MILLION DOLLARS ($805,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Revolving Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the lesser of (A) the Revolving Committed AmountAmount and (B) the Borrowing Base. For purposes hereof, the aggregate maximum amount available under this Section 2.1(a) hereunder shall be EIGHT HUNDRED TWENTY FIVE MILLION DOLLARS ($805,000,00025,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.82.7, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies ("the “Revolving Loans"”) to the Parent Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided, however, provided that (i) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Revolving Obligations outstanding at any time shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the sum aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender's outstanding Revolving Loans and SFG Revolving Loans plus such Lender's ’s Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Revolving Obligations outstanding at any time shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the ’s Revolving Committed Amount. For purposes hereof, and (iii) the aggregate amount available under this Section 2.1(aprincipal Dollar Amount (determined as of the most recent Determination Date) of Revolving Obligations in Available Foreign Currencies shall be EIGHT not at any time exceed SIX HUNDRED FIVE MILLION DOLLARS ($805,000,000600,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving “Foreign Currencies Committed Amount"”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) hereunder shall be EIGHT THREE HUNDRED FIVE MILLION DOLLARS ($805,000,000300,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.Section
Appears in 1 contract
Sources: Credit Agreement (Suiza Foods Corp)
Revolving Commitment. During the Commitment Period, subject Subject to the terms and conditions hereofhereof and in reliance upon the representations and warranties set forth herein, each Lender severally agrees to make available to the Borrower such Lender’s Applicable Percentage of revolving credit loans requested by the Borrower in Dollars ("“Revolving Loans"”) to the Parent Borrower from time to time for from the purposes hereinafter set forthClosing Date until the Maturity Date, or such earlier date as the Revolving Commitments shall have been terminated as provided herein; provided, however, that that
(i) with regard to each Lender individually, the sum of such Lender's outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum amount of the aggregate amount of Revolving Obligations outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof; provided, further, (ii) with regard to each Lender individually, such Lender’s Applicable Percentage of the aggregate amount available under this Section 2.1(a) sum of the Revolving Loans plus LOC Obligations outstanding plus Swingline Loans outstanding shall be EIGHT HUNDRED FIVE MILLION DOLLARS ($805,000,000) (as not exceed such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Lender’s Revolving Committed Amount")Commitment. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Eurodollar Loans, or a combination thereof, as the Parent Borrower may request, and . Revolving Loans hereunder may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During From the Commitment PeriodClosing Date through the Maturity Date, or such earlier date on which the Revolving Commitments hereunder are terminated, subject to the terms and conditions hereof, each Lender severally Bank severally, but not jointly, agrees to make revolving credit loans ("“Revolving Loans"”) to the Parent Borrower Company from time to time in an aggregate principal amount of up to ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.9 and/or increased pursuant to Section 2.6) for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender Bank individually, the sum of such Lender's outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Bank’s Revolving Commitment Percentage of outstanding Loans plus such Bank’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Lender's Bank’s LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Bank’s Committed Amount Amount, and (ii) with regard to the Lenders Banks collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus the outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the aggregate Revolving Committed AmountAmount of all of the Banks. For purposes hereof, the aggregate amount available under this Section 2.1(a) shall be EIGHT HUNDRED FIVE MILLION DOLLARS ($805,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR LIBO Rate Loans, or a combination thereof, as the Parent Borrower Company may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR LIBO Rate Loans shall be made by each Lender Bank at its LIBOR LIBO Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Universal Health Realty Income Trust)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving LoansREVOLVING LOANS") to the Parent Borrower from time to time for the purposes hereinafter set forth; providedPROVIDED, howeverHOWEVER, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus PLUS such Lender's Revolving Commitment Percentage of Swingline Loans plus PLUS such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus PLUS Swingline Loans plus PLUS LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) hereunder shall be EIGHT HUNDRED TWENTY FIVE MILLION DOLLARS ($805,000,00025,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.82.7, the "Revolving Committed AmountREVOLVING COMMITTED AMOUNT"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the -------------------- terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (the "Revolving Loans") to the Parent Borrower from time to time in the amount of such --------------- Revolving Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided, however, provided that (i) with regard to the -------- Revolving Lenders collectively, the aggregate principal amount of Revolving Obligations at any time shall not exceed ONE HUNDRED TWENTY-FIVE MILLION DOLLARS ($125,000,000) (the "Aggregate Revolving Committed Amount") and (ii) with regard ------------------------------------ to each Revolving Lender individually, the sum of such Lender's outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Revolving Obligations at any time shall not exceed such Revolving Lender's Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) shall be EIGHT HUNDRED FIVE MILLION DOLLARS ($805,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Eurodollar Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus the aggregate amount of LOC Obligations plus the aggregate amount of Commercial Paper Obligations plus the aggregate amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(alesser of: (A) shall be EIGHT SIXTY-TWO MILLION FIVE HUNDRED FIVE MILLION THOUSAND DOLLARS ($805,000,000) (62,500,000), as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8herein, and (B) the "Revolving Committed Amount")Borrowing Base. Revolving Loans may consist of Alternate Base Prime Rate Loans or LIBOR Rate Eurodollar Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Eurodollar Loans shall be made by each Lender at its LIBOR Eurodollar Lending Office and Alternate Base Prime Rate Loans at its Domestic Lending Office."
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars ("“Revolving Loans"”) to the Parent Borrower Borrowers from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Revolving Lender individually, the sum of such Revolving Lender's ’s Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans and SFG Revolving Loans plus such Revolving Lender's ’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender's LOC ’s Revolving Commitment Percentage of outstanding LOC Obligations shall not exceed such Revolving Lender's ’s Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus SFG Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed AmountAmount then in effect. For purposes hereof, the aggregate principal amount available under this Section 2.1(a) hereunder for Revolving Loans shall be EIGHT HUNDRED FIVE TWENTY MILLION DOLLARS ($805,000,00020,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.Section
Appears in 1 contract
Sources: Agency Succession and Amendment Agreement (GateHouse Media, Inc.)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations Obligations, shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) hereunder shall be EIGHT TWO HUNDRED FIVE MILLION DOLLARS ($805,000,000200,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.82.6, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars ("“Revolving Loans"”) to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Revolving Lender individually, the sum of such Revolving Lender's outstanding Revolving Loans and SFG Revolving Loans plus such Lender's ’s Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus such Lender's LOC Commitment Percentage of outstanding Revolving LOC Obligations shall not exceed such Revolving Lender's ’s Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus SFG Revolving Loans plus outstanding Swingline Loans plus outstanding Revolving LOC Obligations shall not exceed the Revolving Committed AmountAmount then in effect. For purposes hereof, the aggregate principal amount available under this Section 2.1(a) for Revolving Loan borrowings hereunder shall be EIGHT ONE HUNDRED FIVE FIFTY MILLION DOLLARS ($805,000,000150,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "“Revolving Committed Amount"”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Revolving Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. No Revolving Loans shall be made on the Closing Date.
Appears in 1 contract
Sources: Credit Agreement (Gencorp Inc)
Revolving Commitment. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations plus such Lender's Swing Line Commitment Percentage of outstanding Swing Line Loans shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of all outstanding Revolving Loans plus SFG Revolving the aggregate amount of all outstanding LOC Obligations plus the aggregate amount of all outstanding Swing Line Loans plus Swingline Loans plus LOC Obligations the AAL Reserve shall not exceed the Revolving Committed Amount. For purposes hereof, lesser of (x) the aggregate amount available under this Section 2.1(aBorrowing Base and (y) shall be EIGHT HUNDRED FIFTY-FIVE MILLION DOLLARS ($805,000,00055,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving Committed Amount"herein). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Eurodollar Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Eurodollar Loans shall be made by each Lender at its LIBOR Eurodollar Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (Midwest Express Holdings Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans LOC Obligations plus Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) shall be EIGHT HUNDRED SEVENTY-FIVE MILLION DOLLARS ($805,000,00075,000,000) (as such aggregate maximum amount may be reduced or increased or reduced from time to time as provided in Section 2.8herein, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Eurodollar Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Eurodollar Loans shall be made by each Lender at its LIBOR Eurodollar Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations plus such Lender's Swing Line Commitment Percentage of outstanding Swing Line Loans shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of all outstanding Revolving Loans plus SFG Revolving the aggregate amount of all outstanding LOC Obligations plus the aggregate amount of all outstanding Swing Line Loans plus Swingline Loans plus LOC Obligations the AAL Reserve shall not exceed the aggregate Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) shall be EIGHT HUNDRED FIVE MILLION DOLLARS ($805,000,000) Amount (as such aggregate maximum amount may be increased or is reduced from time to time as provided in Section 2.8, the "Revolving Committed Amount"herein). Revolving Loans may shall consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (Midwest Express Holdings Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower Borrowers from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the aggregate Revolving Committed AmountAmount then in effect. For purposes hereof, the aggregate amount available under this Section 2.1(a) hereunder shall be EIGHT HUNDRED SEVENTY-FIVE MILLION DOLLARS ($805,000,00075,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.83.2, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower Borrowers may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Horizon Personal Communications Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate principal amount available of Revolving Loans plus LOC Obligations that may be outstanding at any time under this Section 2.1(a) shall be EIGHT not exceed ONE HUNDRED FIVE MILLION Million DOLLARS ($805,000,000100,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.82.4, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans, LIBOR Rate Loans or LIBOR Market Index Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans and LIBOR Market Index Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Ruddick Corp)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans ("the “Revolving Loans"”) to the Parent Borrower from time to time in Dollars or in one or more Alternative Currencies in the amount of such Revolving Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided, however, provided that (i) with regard to each Lender individuallythe Revolving Lenders collectively, (A) the sum aggregate principal amount of such Lender's outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations at any time shall not exceed such Lender's Revolving Commitment Percentage of SIX HUNDRED MILLION DOLLARS ($600,000,000), subject to reduction pursuant to Section 3.4 (the “Aggregate Revolving Committed Amount Amount”) and (B) the aggregate principal amount of Revolving Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit and (ii) with regard to the Lenders collectivelyeach Revolving Lender individually, the sum such Revolving Lender’s Revolving Commitment Percentage of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations at any time shall not exceed the such Revolving Lender’s Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) shall be EIGHT HUNDRED FIVE MILLION DOLLARS ($805,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Eurocurrency Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally severally, but not jointly, agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower Borrowers from time to time in an aggregate principal amount of up to such Lender's Revolving Commitment Percentage of FIFTY MILLION DOLLARS ($50,000,000) (as such aggregate amount may be reduced from time to time as provided in Section 2.6, the "Revolving Committed Amount") for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of outstanding Swingline Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount Commitment, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount. For purposes hereof, Amount and (B) the aggregate amount available under this Section 2.1(a) shall be EIGHT HUNDRED FIVE MILLION DOLLARS ($805,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving Committed Amount")Borrowing Base. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (the "Revolving Loans") to the Parent Borrower from time to time in the amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided, however, provided that (i) with regard to each Lender individually, the sum of such Lender's outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum of the aggregate principal amount of outstanding Obligations under Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus and the LOC Obligations outstanding at any time shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) shall be EIGHT HUNDRED TWENTY-FIVE MILLION DOLLARS ($805,000,00025,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8referenced on Schedule 2.1(a), the "Revolving Committed Amount")) and (ii) with regard to each Lender individually, such Lender's Revolving Commitment Percentage of Obligations under Revolving Loans and the LOC Obligations outstanding at any time shall not exceed such Lender's Revolving Committed Amount. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Eurodollar Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower Borrowers from time to time in an aggregate principal amount of up to such Lender's Revolving Commitment Percentage of THIRTY-FIVE MILLION DOLLARS ($35,000,000) (as such aggregate maximum amount may be increased as provided in Section 2.4 or reduced from time to time as provided in Section 2.6, the "Revolving Committed Amount") for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of outstanding Swingline Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount Commitment, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount. For purposes hereof, Amount and (B) the aggregate amount available under this Section 2.1(a) shall be EIGHT HUNDRED FIVE MILLION DOLLARS ($805,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving Committed Amount")Borrowing Base. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) hereunder shall be EIGHT HUNDRED FIVE FIFTY MILLION DOLLARS ($805,000,00050,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.82.4, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof; provided that no more than five (5) separate LIBOR Tranches shall be outstanding at any one time. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Bassett Furniture Industries Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies ("the “Revolving Loans"”) to the Parent Borrower from time to time in the amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided, however, provided that (i) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Obligations outstanding at any time shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the sum aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender's outstanding Revolving Loans and SFG Revolving Loans plus such Lender's ’s Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Committed Obligations outstanding at any time shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the ’s Revolving Committed Amount. For purposes hereof, and (iii) the aggregate amount available under this Section 2.1(aprincipal Dollar Amount (determined as of the most recent Determination Date) of Obligations in Available Foreign Currencies shall be EIGHT HUNDRED not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($805,000,00085,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8, the "Revolving “Foreign Currencies Committed Amount"”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus the aggregate amount of LOC Obligations shall not exceed the Revolving Committed Amount. For purposes hereof, the aggregate amount available under this Section 2.1(a) shall be EIGHT ONE HUNDRED TWENTY-FIVE MILLION DOLLARS ($805,000,000125,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.8herein, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Eurodollar Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Eurodollar Loans shall be made by each Lender at its LIBOR Eurodollar Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Manitowoc Co Inc)
Revolving Commitment. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving “Loans"”) to the Parent Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum amount of such Lender's ’s share of outstanding Revolving Loans and SFG Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's ’s Revolving Commitment Percentage of the aggregate Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus SFG Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the aggregate Revolving Committed AmountAmount then in effect. For purposes hereof, the aggregate amount available under this Section 2.1(a) hereunder shall be EIGHT HUNDRED THIRTY FIVE MILLION DOLLARS ($805,000,00035,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.82.3, the "“Revolving Committed Amount"”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Parent Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, the Loans made on the Closing Date or on either of the two Business Days immediately following the Closing Date may only consist of Alternate Base Rate Loans. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.
Appears in 1 contract
Sources: Credit Agreement (Stec, Inc.)