Common use of Revolving Commitment Clause in Contracts

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 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 plus such Lender's Commitment Percentage of Swingline Loans shall not exceed such Lender's Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a), and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing Base. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTY-FIVE MILLION DOLLARS ($165,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.3, the "Revolving Committed 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 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 (Dimon 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 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 plus such Lender's LOC Commitment Percentage of Swingline Loans outstanding LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a)Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans outstanding LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing BaseAmount. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTY-FIVE FIFTY MILLION DOLLARS ($165,000,00050,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.32.4, the "Revolving Committed 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 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 ("Revolving Loans") to the 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 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 as set forth in Schedule 2.1(a)Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans plus LOC Obligations, shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing BaseAmount. For purposes hereof, the aggregate amount available hereunder shall be ONE TWO HUNDRED SIXTY-FIVE MILLION DOLLARS ($165,000,000200,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.32.6, the "Revolving Committed 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 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 (Florida Rock Industries 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 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 plus such Lender's LOC Commitment Percentage of Swingline Loans outstanding LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a)Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans outstanding LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing BaseAmount. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTYTWENTY-FIVE MILLION DOLLARS ($165,000,00025,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.32.4, the "Revolving Committed 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 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 (Lower Road Associates LLC)

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 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 share ’s Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus such Lender's Commitment Percentage of outstanding Swingline Loans plus outstanding Revolving LOC Obligations shall not exceed such Revolving Lender's ’s Revolving Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a), 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 Revolving LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing Basethen in effect. For purposes hereof, the aggregate principal amount available for Revolving Loan borrowings hereunder shall be ONE HUNDRED SIXTY-FIVE FIFTY MILLION DOLLARS ($165,000,000150,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.32.8, the "Revolving Committed 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 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 with a Revolving Commitment severally agrees to make revolving credit loans ("Revolving LoansREVOLVING LOANS") to the 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 plus 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 as set forth in Schedule 2.1(a), and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus PLUS Swingline Loans PLUS LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing BaseAmount. For purposes hereof, the aggregate amount available hereunder shall be ONE EIGHT HUNDRED SIXTY-FIVE MILLION DOLLARS ($165,000,000800,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.32.7, 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 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: Credit Agreement (Suiza Foods Corp)

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 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 plus [p] such Lender's ’s LOC Commitment Percentage of Swingline Loans LOC Obligations shall not exceed such Lender's ’s Revolving Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a)Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans LOC Obligations shall not exceed the lesser of (A) the aggregate Revolving Committed Amount and (B) the Borrowing Basethen in effect. For purposes hereof, the aggregate amount available hereunder shall be ONE SEVEN MILLION SEVEN HUNDRED SIXTY-FIVE MILLION FIFTY THOUSAND DOLLARS ($165,000,0007,750,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.32.4 including, without limitation, scheduled mandatory reductions and the maintenance of Reserves, the "Revolving Committed Amount"). Revolving Loans may shall consist solely of Alternate Base Fixed LIBOR Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and may be repaid and reborrowed re- borrowed in accordance with the provisions hereof. Fixed 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 (Sunair Services Corp)

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 Borrower from time to time in an aggregate principal amount of up to such Lender's Revolving Commitment Percentage of EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.5, 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 plus such Lender's Revolving Commitment Percentage of outstanding Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a)Commitment, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing Base. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTY-FIVE MILLION DOLLARS ($165,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.3, the "Revolving Committed 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 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 (Red Robin Gourmet Burgers 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 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 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 as set forth in Schedule 2.1(a)Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans plus LOC Obligations, shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing BaseAmount. For purposes hereof, the aggregate amount available hereunder shall be ONE TWO HUNDRED SIXTY-FIVE FIFTY MILLION DOLLARS ($165,000,000250,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.32.6, the "Revolving Committed 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 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 (Florida Rock Industries 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 Borrower from time to time in an aggregate principal amount of up to such Lender's Revolving Commitment Percentage of FORTY MILLION DOLLARS ($40,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.5, 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 plus such Lender's Revolving Commitment Percentage of outstanding Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a)Commitment, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing Base. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTY-FIVE MILLION DOLLARS ($165,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.3, the "Revolving Committed 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 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 (Red Robin Gourmet Burgers 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 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 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 as set forth in Schedule 2.1(a)Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing BaseAmount. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTY-FIVE FIFTY MILLION DOLLARS ($165,000,000150,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.32.6, the "Revolving Committed 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 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 (Dan River Inc /Ga/)

Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars ("the “ Revolving Loans"Loans ”) to the 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 the Lenders collectively, the Total Outstandings at any time shall not exceed the Aggregate Revolving Committed Amount, and (ii) with regard to each Lender individually, the sum aggregate principal amount of such Lender's share of outstanding Revolving Loans plus such Lender's ’s Commitment Percentage of Swingline Loans the Total Outstandings at any time shall not exceed such Lender's Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a), and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing Base. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTY-FIVE MILLION DOLLARS ($165,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.3, the "’s Revolving Committed 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 accordance with the provisions hereof. Revolving Loans made on the 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 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 (Dycom Industries 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 Borrower from time to time in an aggregate principal amount of up to SEVENTY-FIVE Million DOLLARS ($75,000,000) (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 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 Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a)Amount, and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing Base. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTY-FIVE MILLION DOLLARS ($165,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.3, the "Aggregate Revolving Committed 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 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

Sources: Credit Agreement (Intermagnetics General Corp)

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 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 plus 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 as set forth in Schedule 2.1(a)Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus PLUS Swingline Loans PLUS LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing BaseAmount. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTY-TWENTY FIVE MILLION DOLLARS ($165,000,00025,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.32.7, 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 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: Credit Agreement (TTM Technologies Inc)

Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each the Initial Lender severally agrees initially and, upon an assignment of any portion of the Revolving Commitment to one or more Lenders, all Lenders, including, without limitation, the Initial Lender, severally, agree to make revolving credit loans (each a "Revolving Loan" and collectively the "Loans") to the Borrower Borrowers from time to time for the purposes hereinafter set forth; provided, however, that (i) in the event of an assignment of any portion of the Revolving Commitment Amount to one or more Lenders, with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Commitment Percentage of Swingline Loans shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a)Commitment Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans shall not exceed the lesser of (A) the aggregate Revolving Committed Commitment Amount and (B) the Borrowing Basethen in effect. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTYTWENTY-FIVE MILLION DOLLARS ($165,000,00025,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.3, the "Revolving Committed Commitment Amount"). Revolving Loans may shall consist of Alternate Base LIBOR 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. 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: Revolving Loan Agreement (Capital Lease Funding 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 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 ’s outstanding Revolving Loans plus such Lender's ’s LOC Commitment Percentage of Swingline Loans LOC Obligations shall not exceed such Lender's ’s Revolving Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a), and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing BaseAmount. For purposes hereof, the aggregate principal amount available hereunder of Revolving Loans plus LOC Obligations that may be outstanding at any time under this Section 2.1(a) shall be ONE not exceed TWO HUNDRED SIXTY-FIVE MILLION DOLLARS ($165,000,000200,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 2.32.4 or 2.21, 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 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 the Initial Lender severally agrees initially and, upon an assignment of any portion of the Revolving Commitment to one or more Lenders, all Lenders, including, without limitation, the Initial Lender, severally, agree to make revolving credit loans (each a "Revolving Loan" and collectively the "Loans") to the Borrower Borrowers from time to time for the purposes hereinafter set forth; provided, however, that (i) in the event of an assignment of any portion of the Revolving Commitment Amount to one or more Lenders, with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Commitment Percentage of Swingline Loans shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a)Commitment Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans shall not exceed the lesser of (A) the aggregate Revolving Committed Commitment Amount and (B) the Borrowing Basethen in effect. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTYSEVENTY-FIVE MILLION DOLLARS ($165,000,00075,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.3, the "Revolving Committed Commitment Amount"). Revolving Loans may shall consist of Alternate Base LIBOR 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. 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: Revolving Loan Agreement (Capital Lease Funding 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 (the "Revolving Loans") to the 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 the Lenders collectively, the Total Outstandings at any time shall not exceed the Aggregate Revolving Committed Amount, and (ii) with regard to each Lender individually, the sum aggregate principal amount of such Lender's share of outstanding Revolving Loans plus such Lender's Commitment Percentage of Swingline Loans shall not exceed such Lender's Commitment Percentage of the aggregate Revolving Committed Amount as set forth in Schedule 2.1(a), and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans Total Outstandings at any time shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing Base. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTY-FIVE MILLION DOLLARS ($165,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.3, the "Lender's Revolving Committed 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 accordance with the provisions hereof. Revolving Loans made on the 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 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 (Dycom Industries Inc)

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 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 share ’s Revolving Commitment Percentage of outstanding Revolving Loans plus such Lender's ’s Revolving Commitment Percentage of outstanding Swingline Loans plus such Lender’s Revolving Commitment Percentage of LOC Obligations shall not exceed such Lender's Commitment Percentage of the aggregate ’s Revolving Committed Amount as set forth in Schedule 2.1(a)Commitment, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing Base. For purposes hereof, the aggregate amount available hereunder shall be ONE HUNDRED SIXTY-FIVE MILLION DOLLARS ($165,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.3, the "Revolving Committed 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 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 (Red Robin Gourmet Burgers Inc)

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 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 plus such Lender's Commitment Percentage of Swingline Loans shall not exceed such Lender's Commitment Percentage of the in an aggregate Revolving Committed Amount as set forth in Schedule 2.1(a), and (ii) with regard to the Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus Swingline Loans shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing Base. For purposes hereof, the aggregate amount available hereunder shall be up to ONE HUNDRED SIXTYSEVENTY-FIVE MILLION DOLLARS ($165,000,000175,000,000) (as increased from time to time as provided in Section 2.2 and as such aggregate maximum principal amount may be reduced from time to time as provided in Section 2.32.6, the "Revolving Committed Amount"”) for the purposes hereinafter set forth (such facility, the “Revolving Facility”); provided, however, that (i) such Revolving Lender’s Revolving Exposure does not exceed such Revolving Lender’s Revolving Commitment and (ii) the Aggregate Revolving Exposure does not exceed the Revolving Committed Amount. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR LIBO Rate Loans, or a combination thereof, as the Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, the Revolving Loans made on the Closing Date or any of the three (3) Business Days following the Closing Date, may only consist of Alternate Base Rate Loans. LIBOR LIBO 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

Sources: Credit Agreement (Ezcorp Inc)