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 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 Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations shall not exceed such Revolving Lender’s Revolving Commitment and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effect. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY MILLION DOLLARS ($20,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in 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 Revolving Lender severally agrees to make revolving credit loans in Dollars (“the "Revolving Loans”") to the Borrowers Borrower in Dollars 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 Revolving Lender individuallythe Lenders collectively, the sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal amount of Obligations outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations at any time shall not exceed ONE HUNDRED FORTY MILLION DOLLARS ($140,000,000) (as such amount may be increased or reduced from time to time in accordance with the provisions hereof, the "Aggregate Revolving Lender’s Revolving Commitment ------------------- Committed Amount"), and (ii) with regard to the each Lender individually, such ---------------- Lender's Revolving Lenders collectively, the sum Commitment Percentage of the aggregate principal amount of Obligations outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations at any time shall not exceed the such Lender's Revolving Committed Amount then in effectAmount. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY MILLION DOLLARS ($20,000,000) (may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as such aggregate maximum amount the Borrower may request, and may be reduced from time to time as provided repaid and reborrowed in Sectionaccordance with the provisions hereof.
Appears in 1 contract
Sources: Credit Agreement (Ameripath Inc)
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 (the “Revolving Loans”) to the Borrowers Borrower in Dollars from time to time for in the purposes hereinafter set forth; provided, however, that (i) with regard to each Revolving Lender individually, the sum amount of such Revolving Lender’s Revolving Commitment Percentage of the Revolving Loans requested by the Borrower hereunder for the purposes hereinafter set forth; provided that (i) the aggregate principal amount of Revolving Obligations outstanding shall not at any time exceed THREE HUNDRED MILLION DOLLARS ($300,000,000) (as such amount may be increased or reduced from time to time in accordance with the provisions hereof, the “Total Revolving Loans plus Committed Amount”), (ii) the aggregate principal amount of Loan Obligations outstanding shall not at any time exceed the Borrowing Base, and (iii) with regard to each Revolving Lender individually, such Revolving Lender’s Revolving Commitment Percentage of the Revolving Obligations outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations shall not at any time exceed such Revolving Lender’s Revolving Commitment and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Commitment. Revolving Loans plus outstanding Swingline may consist of Base Rate Loans plus outstanding LOC Obligations shall not exceed or Eurodollar Rate Loans, or a combination thereof, as the Revolving Committed Amount then in effect. For purposes hereofBorrower may request, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY MILLION DOLLARS ($20,000,000) (as such aggregate maximum amount and may be reduced from time to time as provided repaid and reborrowed in Sectionaccordance with the provisions hereof.
Appears in 1 contract
Sources: Credit, Security and Guaranty Agreement (Ventas Inc)
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 Borrowers 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 Revolving Commitment Percentage of the aggregate principal amount 's share of outstanding Revolving Loans plus such Revolving Lender’s Revolving 's LOC Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations shall not exceed such Lender's Revolving Lender’s Revolving Commitment Committed Amount, and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding 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 then in effect. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY SIXTY-TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($20,000,00062,500,000) (as such aggregate maximum amount may be reduced from time to time as provided herein). Revolving Loans may consist of Prime Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request, and may be repaid and reborrowed in Sectionaccordance with the provisions hereof. Eurodollar Loans shall be made by each Lender at its Eurodollar Lending Office and 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 Borrowers 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 Revolving Commitment Percentage of the aggregate principal amount of 's outstanding Revolving Loans plus such Revolving Lender’s Revolving 's LOC Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’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 outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effectAmount. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans under this Section 2.1(a) shall be TWENTY MILLION ONE HUNDRED AND FIFTY Million DOLLARS ($20,000,000150,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in SectionSection 2.4, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans, LIBOR Rate Loans or Index Rate Loans, or a combination thereof, as the 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 Index 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 severally, but not jointly, agrees to make revolving credit loans in Dollars (“Revolving Loans”) to the Borrowers Borrower from time to time in an aggregate principal amount of up to FIFTEEN MILLION DOLLARS ($15,000,000) (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 forthforth (such facility, the “Revolving Facility”); provided, however, that (i) with regard to each Revolving Lender individually, the sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations shall not exceed such Revolving Lender’s Revolving Commitment and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effect. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY MILLION DOLLARS ($20,000,000) (may consist of Alternate Base Rate Loans or SOFR Loans, or a combination thereof, as such aggregate maximum amount the Borrower may request, and may be reduced from time to time as provided repaid and reborrowed in Sectionaccordance with the provisions hereof.
Appears in 1 contract
Sources: Credit Agreement (Fluent, Inc.)
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 (“the "Revolving Loans”") to the Borrowers Borrower in Dollars 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 Revolving Lender individuallythe Lenders collectively, the sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal amount of Obligations outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations shall not exceed such Revolving Lender’s Revolving Commitment and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations at any time shall not exceed the Revolving Committed Amount then in effect. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY lesser of (A) THIRTY MILLION DOLLARS ($20,000,00030,000,000) (as such aggregate maximum amount may be reduced from time to time in accordance with the provisions hereof, the "Aggregate Revolving Committed Amount") or (B) the Borrowing Base, and (ii) with regard to each Lender individually, such Lender's Revolving Commitment Percentage of Obligations outstanding at any time shall not exceed the lesser of (A) such Lender's Revolving Committed Amount or (B) an amount equal to such Lender's Revolving Commitment Percentage of the Borrowing Base. Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as provided the Borrower may request, and may be repaid and reborrowed in Sectionaccordance with the provisions hereof.
Appears in 1 contract
Sources: Credit Agreement (Rockford Corp)
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 (“the "Revolving Loans”") to the Borrowers 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 Revolving Lender individuallythe Lenders collectively, the sum of such Revolving Lender’s Revolving Commitment Percentage Dollar Amount (determined as of the aggregate principal amount most recent Determination Date) of Revolving Obligations outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations shall not exceed such the Aggregate Revolving Lender’s Revolving Commitment Committed Amount, as changed from time to time, and (ii) with regard to each Lender individually, the Dollar Amount (determined as of the most recent Determination Date) of such Lender's Revolving Lenders collectively, Commitment Percentage of the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Foreign Currency Loans plus LOC Obligations plus Swingline Loans plus outstanding LOC Obligations shall not exceed the such Lender's Revolving Committed Amount then in effectAmount. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY MILLION DOLLARS ($20,000,000) (may consist of Base Rate Loans or Eurocurrency Loans, or a combination thereof, as such aggregate maximum amount the Borrower may request, and may be reduced from time to time as provided repaid and reborrowed in Sectionaccordance with the provisions hereof.
Appears in 1 contract
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender the Lenders severally agrees agree to make revolving credit loans in Dollars (“Revolving Loans”) to the Borrowers 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 Revolving Lender individually, the sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations shall not exceed such Revolving Lender’s Revolving Commitment Commitment, and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount then Amount. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and may be repaid and reborrowed in effectaccordance with the provisions hereof. For purposes hereof, the aggregate principal amount available hereunder for Revolving LIBOR Rate Loans shall be TWENTY MILLION DOLLARS ($20,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Sectionmade 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 in Dollars (“the "Revolving Loans”") to the Borrowers 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 each Revolving Lender individually, the sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations shall not exceed such Revolving Lender’s Revolving Commitment and (ii) with regard to the Revolving Lenders collectively, the sum of the -------- aggregate principal amount of Revolving Obligations outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations at any time shall not exceed the lesser of (A) the Aggregate Revolving Committed Amount then in effector (B) the Borrowing Base, and (ii) with regard to each Revolving Lender individually, such Revolving Lender's Revolving Commitment Percentage of Obligations outstanding at any time shall not exceed the lesser of (A) such Revolving Lender's Revolving Committed Amount or (B) such Revolving Lender's Revolving Commitment Percentage of the Borrowing Base. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY MILLION DOLLARS ($20,000,000) (as such aggregate maximum amount consist of Base Rate Loans only, and may be reduced from time to time as provided repaid and reborrowed in Sectionaccordance with the provisions hereof.
Appears in 1 contract
Sources: Amendment Agreement and Waiver (Access Worldwide Communications Inc)
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 Revolving Lender severally agrees to make available to the Borrower such Lender's Revolving Commitment Percentage of revolving credit loans requested by the Borrower in Dollars (“"Revolving Loans”") to the Borrowers 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 (i) with regard to each Revolving Lender individually, the sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations shall not exceed such Revolving Lender’s Revolving Commitment and (ii) with regard to the Revolving Lenders collectively, the sum Dollar Amount (determined as of the aggregate principal amount most recent Determination Date) of Revolving Obligations outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effect. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY TWO HUNDRED MILLION DOLLARS ($20,000,000200,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in SectionSection 3.4, the "Revolving Committed Amount"); provided, further, (ii) with regard to each Lender individually, the Dollar Amount (determined as of the most recent Determination Date) of such Lender's Revolving Commitment Percentage of the sum of the Revolving Loans plus Foreign Currency Loans plus LOC Obligations plus Swingline Loans outstanding shall not exceed such Lender's Revolving Committed Amount.
Appears in 1 contract
Sources: Syndication Amendment and Assignment (Profit Recovery Group International Inc)
Revolving Commitment. During the Commitment Period, subject Subject to and upon the terms and conditions hereofand relying upon the representations and warranties herein set forth, each Revolving Lender agrees, severally agrees and not jointly, at any time and from time to time from the Closing Date until the Maturity Date, to make revolving credit loans in Dollars (“each a "Revolving Loan" and, collectively, "Revolving Loans”") to the Borrowers from time to time Borrower for the purposes hereinafter set forthforth in Section 7.10; provided, however, that (i) with regard to each Revolving Lender individually, the sum such Lender's pro rata share of outstanding Revolving Loans shall not exceed such Revolving Lender’s Revolving 's Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations shall not exceed such Revolving Lender’s Revolving Commitment and Committed Amount, (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effect. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY ONE HUNDRED THIRTY-FIVE MILLION DOLLARS ($20,000,000) (135,000,000), as such aggregate maximum amount may be reduced or increased from time to time as provided in SectionSection 2.04 or as otherwise provided herein (such amount, as so reduced or increased from time to time, the "Revolving Committed Amount"), and (iii) in addition to the limitations set forth in the preceding subparagraphs (i) and (ii), in no event shall the sum of Revolving Loans outstanding plus Competitive Loans outstanding exceed the Revolving Committed Amount. Revolving Loans hereunder may consist of Base Rate Loans or Eurodollar Loans (or a combination thereof) as the Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof.
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 (“the "Revolving Loans”") to the Borrowers Borrower in Dollars 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 each Revolving Lender individually, the sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations shall not exceed such Revolving Lender’s Revolving Commitment and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of Revolving Obligations outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations at any time shall not exceed the Revolving Committed Amount then in effect. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY ONE HUNDRED TWENTY-FIVE MILLION DOLLARS ($20,000,000125,000,000) (as such aggregate maximum amount may be reduced from time to time in accordance with the provisions hereof, the "Aggregate Revolving Committed Amount"), and (ii) with regard to each Revolving Lender individually, such Revolving Lender's Revolving Commitment Percentage of Revolving Obligations outstanding at any time shall not exceed such Revolving Lender's Revolving Committed Amount. Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as provided the Borrower may request, and may be repaid and reborrowed in Sectionaccordance with the provisions hereof.
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 (“the "Revolving Loans”") to the Borrowers Borrower from time to time in the amount of such Lender's Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided, however, provided that (i) with regard to each Revolving Lender individuallythe Lenders collectively, the sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations Total Outstandings at any time shall not exceed such the Aggregate Revolving Lender’s Revolving Commitment Committed Amount, and (ii) with regard to the Revolving Lenders collectivelyeach Lender individually, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations such Lender's Commitment Percentage of the Total Outstandings at any time shall not exceed the such Lender's Revolving Committed Amount then Amount. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and may be repaid and reborrowed in effectaccordance with the provisions hereof. For purposes hereof, Revolving Loans made on the aggregate principal amount available hereunder for Revolving Closing Date or on any of the three (3) Business Days following the Closing Date may only consist of Alternate Base Rate Loans unless the Borrower executes a funding indemnity letter in form and substance satisfactory to the Administrative Agent. LIBOR Rate Loans shall be TWENTY MILLION DOLLARS ($20,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Sectionmade 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 in Dollars (“Revolving "Loans”") to the Borrowers 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 Revolving Commitment Percentage of the aggregate principal amount 's share of outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving 's LOC Commitment Percentage of outstanding LOC Obligations shall not exceed such Revolving Lender’s 's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effectAmount. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY TWENTY-FIVE MILLION DOLLARS ($20,000,00025,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in SectionSection 2.4, the "Revolving Committed Amount"). Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the 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
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 (“the "Revolving Loans”") to the Borrowers Borrower in Dollars 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 no Lender shall be obligated to make any Revolving Loan if after giving effect to thereto (i) with regard to each Revolving Lender individuallythe Lenders collectively, the sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal amount of Obligations outstanding would exceed the lesser of (A) the Aggregate Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations shall not exceed such Revolving Lender’s Revolving Commitment Committed Amount or (B) the North American Borrowing Base, and (ii) with regard to the each Lender individually, such Lender's Revolving Lenders collectively, the sum Commitment Percentage of the aggregate principal amount of Obligations outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not would exceed the lesser of (A) such Lender's Revolving Committed Amount then in effector (B) an amount equal to such Lender's Revolving Commitment Percentage of the North American Borrowing Base. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY MILLION DOLLARS ($20,000,000) (may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as such aggregate maximum amount the Borrower may request, and may be reduced from time to time as provided repaid and reborrowed in Sectionaccordance with the provisions hereof.
Appears in 1 contract
Sources: Credit Agreement (Take Two Interactive Software Inc)
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 (“the "Revolving Loans”") to the Borrowers from time to time Borrower 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 the -------- Revolving Lender individuallyLenders collectively, the sum of such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender’s Revolving Commitment Percentage of outstanding LOC Obligations at any time shall not exceed such TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000), subject to reduction pursuant to Section 3.4 (the "Aggregate --------- Revolving Lender’s Revolving Commitment Committed Amount") and (ii) with regard to the each Revolving Lenders collectivelyLender -------------------------- individually, the sum such Revolving Lender's Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations at any time shall not exceed the such Revolving Lender's Revolving Committed Amount then in effectAmount. For purposes hereof, the aggregate principal amount available hereunder for Revolving Loans shall be TWENTY MILLION DOLLARS ($20,000,000) (may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as such aggregate maximum amount the Borrower may request, and may be reduced from time to time as provided repaid and reborrowed in Sectionaccordance with the provisions hereof.
Appears in 1 contract