Common use of Revolving Commitments Clause in Contracts

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 4 contracts

Sources: Credit Agreement (Appian Corp), Credit Agreement (Appian Corp), Credit Agreement (Appian Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate outstanding principal amount of the Swingline Loans, Loans then outstanding (except to the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements extent that have not yet been reimbursed or converted into such Revolving Loans or are to be applied to repay outstanding Swingline Loans, incurred on behalf of the Borrower and owing to such Lender), does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.12. Borrowings of more than one Type may be Revolving Loans outstanding at under the Existing Credit Agreement on the Amendment Effective Date and not repaid on such date shall continue thereafter hereunder with the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any timerespective Interest Periods. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 3 contracts

Sources: Credit Agreement (Mq Associates Inc), Credit Agreement (Mq Associates Inc), Credit Agreement (Mq Associates Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including, without limitation, all Overadvances to the extent not previously repaid) on the Revolving Termination Date. All accrued and unpaid interest as well as the accrued and unpaid Letter of Credit Fees shall be repaid on the Closing Date.

Appears in 3 contracts

Sources: Senior Secured Credit Facilities Credit Agreement (Nerdwallet, Inc.), Senior Secured Credit Facilities Credit Agreement (Nerdwallet, Inc.), Senior Secured Credit Facilities Credit Agreement (Nerdwallet, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the aggregate sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all (ii) such Revolving Lender’s L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline LoansExposure, incurred on behalf of the Borrower and owing to if any, at such Lendertime, does not exceed the amount of such ▇▇▇▇▇▇Revolving Lender’s Revolving Commitment. In addition; provided, that the Total Revolving Extensions of Credit outstanding at such aggregate obligations time, after giving effect to the making of such Revolving Loans, shall not at any time exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date; provided, however, that during the existence of an Event of Default, the Revolving Loans then outstanding shall be repaid from funds in the Cash Collateral Account in accordance with Section 6.3(c).

Appears in 3 contracts

Sources: Eighth Amendment Agreement (Benefitfocus,Inc.), Eighth Amendment Agreement (Benefitfocus,Inc.), Credit Agreement (Benefitfocus,Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, including implementation of Reserves, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, (A) such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base at such time and (B) in no event shall the aggregate undrawn amount of all outstanding Letters of Credit at such time, the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time, the aggregate principal balance of any Revolving Loans outstanding at such time the aggregate principal balance of any Term Loans outstanding at such time, collectively exceed the Available Total Commitment. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances and Protective Overadvances) on the Revolving Termination Date.

Appears in 2 contracts

Sources: Credit Agreement (Alkami Technology, Inc.), Credit Agreement (Alkami Technology, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, including implementation of Reserves, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, (A) such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base at such time and (B) in no event shall the aggregate undrawn amount of all outstanding Letters of Credit at such time, the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time, and the aggregate principal balance of any Revolving Loans outstanding at such time the aggregate principal balance of any Term Loans outstanding at such time, collectively exceed the Available Total Commitment. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances and Protective Overadvances) on the Revolving Termination Date.

Appears in 2 contracts

Sources: Credit Agreement (Alkami Technology, Inc.), Credit Agreement (Alkami Technology, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, Credit and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Maturity Date.

Appears in 2 contracts

Sources: Credit Agreement (Airsculpt Technologies, Inc.), Credit Agreement

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (eacheach such loan, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the each Borrower in Dollars from time to time on any Business Day during the Revolving Commitment Availability Period in an aggregate principal amount not to exceed at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition; provided, such aggregate obligations shall not at however, that after giving effect to any time exceed Borrowing of Revolving Loans, (a) the Total Revolving Commitments in effect at such time. During Outstandings shall not exceed the Aggregate Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment Period and (c) the Total Revolving Outstandings of any Borrower may use shall not exceed such Borrower’s Borrower Sublimit. Within the limits of each Lender’s Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in partCommitment, and reborrowing, all in accordance with subject to the other terms and conditions hereof, each Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. The Revolving Loans may from time to time be SOFR Base Rate Loans or ABR Eurodollar Rate Loans, or a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. further provided herein, provided, however, all Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans made on the Revolving Termination DateEffective Date shall be made as Base Rate Loans.

Appears in 2 contracts

Sources: Credit Agreement (Public Service Co of New Hampshire), Credit Agreement (Connecticut Light & Power Co)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances and Protective Overadvances) on the Revolving Termination Date.

Appears in 2 contracts

Sources: Credit Agreement (CrowdStrike Holdings, Inc.), Credit Agreement (CrowdStrike Holdings, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) Loans to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount such Lender’s Revolving Percentage of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such LenderObligations then outstanding, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at ; provided that any time exceed after the occurrence and during the continuance of a Partial Trigger Event, the Borrower may not borrow any Revolving Loans if after giving effect to such Revolving Loans the Total Revolving Commitments Extensions of Credit would exceed $100,000,000 (provided that this shall not be a condition precedent with respect to the issuance of any Letter of Credit to the extent that such Letter of Credit is Cash Collateralized concurrently with the issuance thereof in effect at such timean amount not less than the Minimum Collateral Amount). During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Subject to Section 2.14, the Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.10. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 2 contracts

Sources: Credit Agreement (CorePoint Lodging Inc.), Credit Agreement (CorePoint Lodging Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the any Borrower from time to time in Dollars during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.132.10. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. . Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.d)

Appears in 2 contracts

Sources: Credit Agreement (Pagaya Technologies Ltd.), Credit Agreement (Pagaya Technologies Ltd.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) Loans to the applicable Borrower from time to time during the Revolving Commitment Period in Dollars in an aggregate principal amount at any one time outstanding which, when added (after giving effect to any application of proceeds of such Revolving Loans pursuant to Section 2.6) to the aggregate outstanding amount sum of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all (i) such Lender’s L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower Exposure then outstanding and owing to (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Subject to Section 2.16, the Revolving Loans may from time to time be Term SOFR Loans or ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.12. (b) The applicable Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 2 contracts

Sources: Credit Agreement (Ultra Clean Holdings, Inc.), Credit Agreement (Ultra Clean Holdings, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the aggregate sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all (ii) such Revolving Lender’s L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline LoansExposure, incurred on behalf of the Borrower and owing to if any, at such Lendertime, does not exceed the amount of such ▇▇▇▇▇▇Revolving Lender’s Revolving Commitment. In addition; provided, that the Total Revolving Extensions of Credit outstanding at such aggregate obligations time, after giving effect to the making of such Revolving Loans, shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances and Protective Overadvances) on the Revolving Termination Date.

Appears in 2 contracts

Sources: Credit Agreement (Organogenesis Holdings Inc.), Credit Agreement (Silver Spring Networks Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, Credit and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time shall be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. (c) Notwithstanding anything to the contrary contained in this Section 2.4, the Administrative Agent, the Lenders and the Borrower hereby acknowledge, confirm and agree that immediately prior to the Closing Date, all accrued and unpaid interest, fees, indemnities, costs and other payment obligations that are due and payable under the Existing Credit Agreement immediately prior to the Closing Date are payable without set-off, counterclaim, deduction, offset or defense on the Closing Date.

Appears in 2 contracts

Sources: Credit Agreement (XOOM Corp), Credit Agreement (XOOM Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (eacheach such loan, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower each Borrower, in Dollars, from time to time on any Business Day during the Revolving Commitment Period Availability Period, in an aggregate principal amount not to exceed, at any one time outstanding whichoutstanding, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition; provided, such aggregate obligations shall not at that, after giving effect to any time exceed Borrowing of Revolving Loans, (a) the Total Revolving Commitments in effect at such time. During Outstandings shall not exceed the Aggregate Revolving Commitments, (b) the Revolving Commitment Period the Borrower may use the Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in partCommitment, and reborrowing(c) the Total Revolving Outstandings of any Borrower shall not exceed such Borrower’s Borrower Sublimit. Within the limits of each Lender’s Revolving Commitment, all in accordance with and subject to the other terms and conditions hereof, each Borrower may borrow under this Section 2.01, prepay under Section 2.04, and reborrow under this Section 2.01. The Revolving Loans may from time to time be SOFR Base Rate Loans or ABR SOFR Loans, or a combination thereof, as determined by the Borrower and notified further provided herein; provided, that, notwithstanding anything to the Administrative Agent contrary in accordance with Sections 2.5 and 2.13. the foregoing, all Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans made on the Revolving Termination DateEffective Date shall be made as Base Rate Loans.

Appears in 2 contracts

Sources: Credit Agreement (Connecticut Light & Power Co), Credit Agreement (Connecticut Light & Power Co)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 2 contracts

Sources: Credit Agreement (Once Upon a Farm, PBC), Credit Agreement (Once Upon a Farm, PBC)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 2 contracts

Sources: Credit Agreement (Accuray Inc), Credit Agreement (Organogenesis Holdings Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 2 contracts

Sources: Credit Agreement (Stitch Fix, Inc.), Credit Agreement (Hortonworks, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed by Borrower or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, the Total Revolving Extensions of Credit outstanding at such aggregate obligations time, after giving effect to the making of such Revolving Loans, shall not at any time exceed (I) during any Non-Formula Period, the Total Revolving Commitments and (II) during any Borrowing Base Period, the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.9. (b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances and Protective Overadvances) on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (UiPath, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions --------------------- hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “"Revolving Loans") to the Borrower from time to time during the Revolving --------------- Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender's Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate outstanding principal amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lenderthen outstanding, does not exceed the amount of such ▇▇▇▇▇▇’s Lender's Revolving Commitment. In addition; provided that the Revolving Lenders shall have no -------- obligation to make any Revolving Loan if, after giving effect to such Revolving Loan, the aggregate obligations shall not at any time outstanding principal amount of the Revolving Loans and the Swingline Loans would exceed the Total Revolving Commitments in effect at such timeLoan Commitment. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than 2.12, provided that no Revolving Loan shall be made as a Eurodollar Loan -------- after the day that is one Type may be outstanding at month prior to the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any timeRevolving Termination Date. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Hilfiger Tommy Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such L▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.132.8. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The . Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower shall to repay all outstanding Revolving Loans on such Loan in accordance with the Revolving Termination Date.terms of this Agreement

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Pagaya Technologies Ltd.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate outstanding principal amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lenderthen outstanding, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 3.2 and 2.134.3. Borrowings If the Term Loans have not been funded by March 16, 2004, time being of more than one Type may be outstanding at the same time; provided thatessence, there or if the Acquisition Agreement is terminated, the Revolving Commitments of each Lender shall not be more than a total terminate without further obligation or liability of seven (7) SOFR Borrowings outstanding at any timethe Lenders to the Borrower, but all obligations of the Borrower in respect of indemnities, fees or expenses shall survive such termination. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Itron Inc /Wa/)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Organogenesis Holdings Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, Credit and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base at such time. No Revolving Extension of Credit shall be outstanding on the Closing Date. No portion of the Revolving Loans shall be funded with “plan assets” of any “benefit plan investor” within the meaning of Section 3(42) of ERISA. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Cambium Networks Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, Credit and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base at such time. Notwithstanding and in addition to the foregoing, subject to clause (d) of this Section 2.4, the amounts available to be borrowed under the Revolving Facility shall be determined by reference to the Borrowing Base as reflected in the most recent Transaction Report delivered to the Administrative Agent, less the amount of any Revolving Loans made in reliance upon such Transaction Report. (b) During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings Notwithstanding anything to the contrary contained herein, (i) upon the occurrence of more than one Type an Event of Default, all Revolving Loans that are Eurodollar Loans will immediately be deemed to be converted into ABR Loans and the Borrower shall be responsible for paying any amounts arising under Section 2.27 as a result of such deemed conversion, and (ii) during the existence of an Event of Default, no Revolving Loan may be outstanding at the same time; provided thatborrowed as, there shall not be more than converted to or continued as a total of seven (7) SOFR Borrowings outstanding at any timeEurodollar Loan. (bc) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. (d) Notwithstanding any term of this Agreement to the contrary, in no event shall the aggregate amount of all Revolving Extensions of Credit outstanding at any time, exceed $40,000,000.

Appears in 1 contract

Sources: Credit Agreement (K2m Group Holdings, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to such Lender’s pro rata share of the aggregate outstanding amount of the any Revolving Loans, any Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding at such aggregate obligations time shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may SF1 1952992 from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.11. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Demand Media Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, Credit and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower Borrowers and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base at such time. During the Revolving Commitment Period Period, the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Satcon Technology Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Yext, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances to the extent not previously repaid) on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (AdTheorent Holding Company, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the any Revolving Loans, any Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, Credit and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding at such aggregate obligations time shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) during a Borrowing Base Period, the Borrowing Base in effect at such time. During the Revolving Commitment Period Period, the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.9. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Enernoc Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a "Revolving Loan" and, collectively, the "Revolving Loans") to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to the aggregate outstanding amount of the Revolving Loans, Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, Credit and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Lender's Revolving Commitment. In addition, such Such aggregate obligations Obligations shall not at any time exceed the Total Revolving Commitments in effect at such timetime and any excess shall be repaid upon demand. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.8. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Senior Secured Credit Facility (Perficient Inc)

Revolving Commitments. (a) Subject During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) Loans to the Foreign Borrower from time in an aggregate amount up to time but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect. Loans in respect of the Revolving Commitments may be drawn in any Approved Currency, as specified in the Borrowing Notice. Amounts borrowed pursuant to this Section 2.02(a) may be repaid and reborrowed during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Period. Each Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations Commitments shall not at any time exceed the Total Revolving Commitments in effect at such time. During expire on the Revolving Commitment Period Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Borrower may use Revolving Loans and the Revolving Commitments by borrowing, prepaying the Revolving Loans shall be paid in whole or in part, and reborrowing, all in accordance with full no later than such date. Subject to the terms of this Agreement and conditions hereof. The Revolving Loans the Ancillary Documents, an Ancillary Lender may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified make available an Ancillary Facility to the Administrative Agent Foreign Borrower in accordance with Sections 2.5 and 2.13. Borrowings place of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total all or part of seven (7) SOFR Borrowings outstanding at any timeits Revolving Commitments. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Grifols SA)

Revolving Commitments. (ai) Subject On the Closing Date, the Revolving Loans of each Lender outstanding under the Existing Credit Facility (each as defined therein) on the Closing Date (immediately prior to the occurrence thereof), as set forth as “Existing Closing Date Loans” in Schedule 2.1(a)(i), shall be continued (on a cashless basis), and shall constitute and remain outstanding as Revolving Loans hereunder. The continuations of such Revolving Loans shall not be subject to any breakage or similar costs that might otherwise be payable pursuant to Section 2.16(c) or the equivalent provision of the Existing Credit Agreement. In furtherance of the foregoing, on the Closing Date, the initial Lenders hereunder shall make and receive payments among themselves, in a manner acceptable to and approved by the Administrative Agent, so that, after giving effect thereto, the Revolving Loans are, on (and immediately after the occurrence of) the Closing Date, held ratably by the Revolving Lenders in accordance with the respective Revolving Commitments of the Revolving Lenders on the Closing Date. (ii) During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) , which will be made in Dollars, to Borrowers in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided that after giving effect to the Borrower from time to time during making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans shall be paid in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more full no later than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any timesuch date. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Pattern Energy Group Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (eacheach such loan, a "Revolving Loan” and, collectively, the “Revolving Loans”") to the Borrower in Dollars from time to time on any Business Day during the Revolving Commitment Availability Period in an aggregate principal amount not to exceed at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Lender's Revolving Commitment. In addition; provided, such aggregate obligations shall not at however, that after giving effect to any time exceed Borrowing of Revolving Loans, (a) the Total Revolving Commitments in effect at such time. During Outstandings shall not exceed the Aggregate Revolving Commitment Period Commitments, (b) the Borrower may use the Revolving Commitments by borrowing, prepaying aggregate Outstanding Amount of the Revolving Loans in whole or in partof any Lender plus such Lender's Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender's Revolving Commitment and (c) the Outstanding Amount of all Overnight LIBOR Loans shall not exceed the Overnight LIBOR Loan Sublimit. Within the limits of each Lender's Revolving Commitment, and reborrowing, all in accordance with subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.04, and reborrow under this Section 2.01. The Revolving Loans may from time to time be SOFR Loans or ABR Base Rate Loans, Eurodollar Rate Loans, Overnight LIBOR Rate Loans, or a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13further provided herein. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.2.02

Appears in 1 contract

Sources: Credit Agreement (Voya PRIME RATE TRUST)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline any Revolving Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding at such aggregate obligations time shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period Period, the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Fusion-Io, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined requested by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.4 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Facility Credit Agreement (EverQuote, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, Credit and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such L▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Airsculpt Technologies, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances) on the Revolving Termination Date.. sf-5589619

Appears in 1 contract

Sources: Credit Agreement (Sprout Social, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline any Revolving Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower Borrowers and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s the Revolving Commitment. The Revolving Loans may be advances to a U.S. Borrower (“U.S. Revolving Loans”), or advances to a Non-U.S. Borrower (“Non-U.S. Revolving Loans”). In addition, such aggregate obligations addition the Total U.S. Revolving Extensions of Credit shall not at any time exceed the Total lesser of (i) the Revolving Commitments Commitment outstanding at such time and (ii) the U.S. Revolving Loan Sublimit in effect at such time. During the Revolving Commitment Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower Borrowers and notified to the Administrative Agent Lender in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.11. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Rightside Group, Ltd.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the NY-2410154 Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. (c) All accrued and unpaid interest, commitment fees and Letter of Credit Fees shall be repaid on the Closing Date.

Appears in 1 contract

Sources: Credit Agreement (Stitch Fix, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR EurodollarSOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Organogenesis Holdings Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline any Revolving Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower Borrowers and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s the Revolving Commitment. The Revolving Loans may be advances to a U.S. Borrower (“U.S. Revolving Loans”), or advances to a Non-U.S. Borrower (“Non-U.S. Revolving Loans”). In addition, such aggregate obligations addition the Total U.S. Revolving Extensions of Credit shall not at any time exceed the Total lesser of (i) the Revolving Commitments Commitment outstanding at such time and (ii) the U.S. Revolving Loan Sublimit in effect at such time. During the Revolving Commitment Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower Borrowers and notified to the Administrative Agent Lender in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.11. (b) The Borrower Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Rightside Group, Ltd.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate Dollar Equivalent principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate outstanding principal amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lenderthen outstanding, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition; provided that after giving effect to any such Revolving Loans, such aggregate obligations (x) the Total Revolving Extensions of Credit shall not at any time exceed the Total Revolving Commitments and (y) the Total Revolving Extensions of Credit denominated in effect at such timeAlternative Currencies shall not exceed the Alternative Currency Sublimit. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.12. (b) Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Termination Date. The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (MPT Operating Partnership, L.P.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) Loans to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the aggregate sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans (under the Revolving Facility) then outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all (ii) such Revolving Lender’s L/C Disbursements that have not yet been reimbursed or converted into Exposure (under the Revolving Loans or Swingline LoansFacility), incurred on behalf of the Borrower and owing to if any, at such Lendertime, does not exceed the amount of such ▇▇▇▇▇▇Revolving Lender’s Revolving Commitment. In addition; provided, that the Total Revolving Extensions of Credit outstanding at such aggregate obligations time, after giving effect to the making of such Revolving Loans, shall not at any time exceed the Total Revolving Commitments (under the Revolving Facility) in effect at such time. During the Revolving Commitment Period applicable to the Revolving Facility the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings Notwithstanding anything to the contrary contained herein, during the existence of more than one Type an Event of Default, no Revolving Loan may be outstanding at the same time; provided thatborrowed as, there shall not be more than converted to or continued as a total of seven (7) SOFR Borrowings outstanding at any timeEurodollar Loan. (b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances) on the applicable Revolving Termination Date.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Facility Credit Agreement (FTC Solar, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Accuray Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances to the extent not previously repaid) on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Tenable Holdings, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Fastly, Inc.)

Revolving Commitments. (ai) Subject On the Closing Date, the Revolving Loans of each Lender outstanding under the Existing Credit Facility (each as defined therein) on the Closing Date (immediately prior to the occurrence thereof), as set forth as “Existing Closing Date Loans” in Schedule 2.1(a) (i), shall be continued (on a cashless basis), and shall constitute and remain outstanding as Revolving Loans hereunder. The continuations of such Revolving Loans shall not be subject to any breakage or similar costs that might otherwise be payable pursuant to Section 2.16(c) or the equivalent provision of the Existing Credit Agreement. In furtherance of the foregoing, on the Closing Date, the initial Lenders hereunder shall make and receive payments among themselves, in a manner acceptable to and approved by the Administrative Agent, so that, after giving effect thereto, the Revolving Loans are, on (and immediately after the occurrence of) the Closing Date, held ratably by the Revolving Lenders in accordance with the respective Revolving Commitments of the Revolving Lenders on the Closing Date. (ii) During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) , which will be made in Dollars, to Borrowers in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided that after giving effect to the Borrower from time to time during making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans shall be paid in whole or in part, and reborrowing, all in accordance with the terms and conditions hereoffull no later than such date. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven -43- CREDIT AGREEMENT (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.PATTERN REVOLVER)

Appears in 1 contract

Sources: Credit and Guaranty Agreement

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (eacheach such loan, a “Committed Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower in Dollars from time to time time, on any Business Day during the Revolving Commitment Period Availability Period, in an aggregate principal amount not to exceed at any one time outstanding whichthe amount of such Lender’s Revolving Commitment; provided, when added however, that after giving effect to any Committed Revolving Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate outstanding amount Outstanding Amount of the Swingline LoansCommitted Revolving Loans of any Lender, plus such Lender’s Applicable Percentage of the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount Outstanding Amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline LoansObligations, incurred on behalf plus such Lender’s Applicable Percentage of the Borrower and owing to Outstanding Amount of all Swing Line Loans shall not exceed such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed Within the Total limits of each Lender’s Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in partCommitment, and reborrowing, all in accordance with subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. The Committed Revolving Loans may from time to time be SOFR Base Rate Loans or ABR Eurodollar Rate Loans, as determined by further provided herein; provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans, unless the Borrower submits a funding indemnity letter, in form and notified substance satisfactory to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may at least three (3) Business Days prior to the Closing Date, for any Eurodollar Rate Loans requested to be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans made on the Revolving Termination Closing Date.

Appears in 1 contract

Sources: Credit Agreement (Citrix Systems Inc)

Revolving Commitments. (a) Subject to and upon the terms and conditions hereofset forth in this Agreement, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Conventional Revolving Loans”) to the Borrower from time Company on any one or more Business Days on or after the date hereof and prior to time during the Revolving Commitment Period in Credit Termination Date, up to an aggregate principal amount not exceeding at any one time outstanding whichan amount equal to (i) such Lender’s Revolving Commitment less (ii) the principal amount of all Alternate Currency Loans (each calculated in its Dollar equivalent on the Borrowing Date of such Conventional Revolving Loan) and Discretionary Revolving Loans outstanding to such Lender and the LC Exposure of such Lender at such time, when added to if any; provided that in no event shall the aggregate outstanding principal amount of the Swingline Conventional Revolving Loans, the aggregate undrawn Discretionary Revolving Loans, Alternate Currency Loans (each calculated in its Dollar Equivalent amount of all outstanding Letters of Credit, equivalent) and the aggregate Dollar Equivalent LC Exposure ever exceed $2,250,000,000, as such amount may be increased or reduced pursuant to the terms of this Agreement. Each Conventional Revolving Borrowing shall be in an aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into less than $2,000,000 and an integral multiple of $250,000. Subject to the foregoing, each Conventional Revolving Borrowing shall be made simultaneously from the Lenders according to their Borrowing Pro Rata Shares of the principal amount requested for each Conventional Revolving Borrowing and shall consist of Conventional Revolving Loans or Swingline of the same type (e.g., Alternate Base Rate Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Federal Funds Rate Loans in whole or in part, and reborrowing, all in accordance Eurodollar Loans) with the terms same Interest Period from each Lender. Within such limits and conditions hereof. The Revolving Loans during such period, the Company may from time to time be SOFR Loans or ABR Loansborrow, as determined by the Borrower repay and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any timereborrow under this Section 2.01(a). (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Cox Enterprises Inc Et Al)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars (each, a “together with the Swingline (b) The Borrower and any Subsidiary Borrower shall repay all outstanding Revolving Loan” and, collectively, Loans made to it on the “Revolving Loans”Termination and Maturity Date. (c) Subject to the Borrower terms and conditions hereof, each Revolving Lender severally agrees, from time to time during the Revolving Commitment Period Period, to make revolving credit loans denominated in one or more Foreign Currencies (“Multicurrency Loans”) to the Borrower and any Subsidiary Borrower in an aggregate principal amount (based on the Dollar Equivalent of such Multicurrency Loans) at any one time outstanding which, when added to such Revolving Lender’s Revolving Percentage of the aggregate outstanding principal amount of the Swingline LoansLoans then outstanding, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does shall not exceed the amount of such ▇▇▇▇▇▇Revolving Lender’s Revolving Commitment. In addition, such aggregate obligations The Borrower and any Subsidiary Borrower shall not at request and no Revolving Lender shall be required to make any time Multicurrency Loan if, after making such Multicurrency Loan the Total Revolving Extensions of Credit shall exceed the Total Revolving Commitments then in effect at such timeeffect. During the Revolving Commitment Period Period, the Borrower and any Subsidiary Borrower may use the Revolving Commitments by borrowingborrow, prepaying the Revolving Loans prepay and reborrow Multicurrency Loans, in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving All Multicurrency Loans may from time to time shall be SOFR Loans or ABR Eurodollar Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Synopsys Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (eacheach such loan, a “Committed Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower in Dollars from time to time time, on any Business Day during the Revolving Commitment Period Availability Period, in an aggregate principal amount not to exceed at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment; provided, that, after giving effect to any Committed Revolving Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed Within the Total limits of each Lender’s Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in partCommitment, and reborrowing, all in accordance with subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. The Committed Revolving Loans may from time to time be SOFR Base Rate Committed Revolving Loans or ABR Eurodollar Rate Loans, as determined by further provided herein; provided, that, all Committed Revolving Borrowings made on the Closing Date shall be made as Base Rate Committed Revolving Loans, unless the Borrower submits a funding indemnity letter, in form and notified substance satisfactory to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may Agent, at least three (3) Business Days prior to the Closing Date, for any Eurodollar Rate Loans requested to be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans made on the Revolving Termination Closing Date.

Appears in 1 contract

Sources: Credit Agreement (Ansys Inc)

Revolving Commitments. (a) Subject During the Revolving Commitment Period, subject to the terms and conditions hereofhereof (including, without limitation, Section 3.03), each Revolving Lender severally agrees to make revolving credit loans (eachRevolving Loans to Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided that, a “Revolving Loan” and, collectively, after giving effect to the making of any Revolving Loans, in no event shall (i) the Total Utilization of Revolving Commitments exceed the lesser of (A) the Revolving Commitments then in effect and (B) the Borrowing Base then in effect nor (ii) the Aggregate Credit Exposure exceed the Collateral Amount then in effect. Amounts borrowed pursuant to the Borrower from time to time this Section 2.02(a) may be repaid and reborrowed during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added Period. Each Lender’s Revolving Commitment shall expire on the Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full on the Termination Date. Notwithstanding anything herein to the contrary, the sum of the aggregate outstanding amount of Revolving Loans made on the Closing Date and the aggregate face amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Existing Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does Credit shall not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time$245,000,000. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (NewPage CORP)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, Credit and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Global Telecom & Technology, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances and Protective Overadvances) on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Organogenesis Holdings Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereofhereof (including, without limitation, the second paragraph of Section 2.5 with respect to the Suspension Period), each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to the aggregate outstanding principal amount of the any then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all then outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the Available Revolving Commitments then in effect at such timeeffect. During the Revolving Commitment Period Period, the Borrower may use the Available Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Extreme Networks Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (eacheach such loan, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower each Borrower, in Dollars, from time to time on any Business Day during the Revolving Commitment Period Availability Period, in an aggregate principal amount not to exceed, at any one time outstanding whichoutstanding, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition; provided, such aggregate obligations shall not at that, after giving effect to any time exceed Borrowing of Revolving Loans, (a) the Total Revolving Commitments in effect at such time. During Outstandings shall not exceed the Aggregate Revolving Commitments, (b) the Revolving Commitment Period the Borrower may use the Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in partCommitment, and reborrowing(c) the Total Revolving Outstandings of any Borrower shall not exceed such Borrower’s Borrower Sublimit. Within the limits of each Lender’s Revolving Commitment, all in accordance with and subject to the other terms and conditions hereof, each Borrower may borrow under this Section 2.01, prepay under Section 2.04, and reborrow under this Section 2.01. The Revolving Loans may from time to time be SOFR Base Rate Loans or ABR Eurodollar Rate Loans, or a combination thereof, as determined by the Borrower and notified further provided herein; provided, that, notwithstanding anything to the Administrative Agent contrary in accordance with Sections 2.5 and 2.13. the foregoing, all Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans made on the Revolving Termination DateClosing Date shall be made as Base Rate Loans.

Appears in 1 contract

Sources: Credit Agreement

Revolving Commitments. (a) i. Subject to the terms and conditions hereof, including implementation of Reserves, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, (A) such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base at such time and (B) in no event shall the aggregate undrawn amount of all outstanding Letters of Credit at such time, the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time, and the aggregate principal balance of any Revolving Loans outstanding at such time the aggregate principal balance of any Term Loans outstanding at such time, collectively exceed the Available Total Commitment. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) ii. The Borrower shall repay all outstanding Revolving Loans (including all Overadvances and Protective Overadvances) on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Alkami Technology, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition; provided that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such aggregate obligations Revolving Loans, shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances and Protective Advances) on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (RhythmOne PLC)

Revolving Commitments. (a) Subject to the terms and conditions hereofhereof and relying upon the representations and warranties herein set forth, each Revolving Lender agrees, severally agrees and not jointly, to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Credit Loans”) in Dollars to the Borrower or any Domestic Subsidiary Borrower, at any time and from time to time during on and after the Closing Date and until the earlier of the Maturity Date and the termination of the Revolving Commitment Period of such Lender, in an aggregate principal amount at any one time outstanding whichnot to exceed such Lender’s Revolving Commitment minus the sum of such Lender’s pro rata share of the then current Revolving L/C Exposure plus the amount by which the Competitive Loans outstanding at such time shall be deemed to have used such Lender’s Revolving Commitment pursuant to Section 2.20 subject, when added however, to the conditions that (a) at no time shall (i) the Revolving Credit Exposure exceed (ii) the Total Revolving Commitment and (b) at all times the outstanding aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent principal amount of all Revolving Credit Loans made by each Revolving Lender shall equal the product of (i) the percentage that its Revolving Commitment represents of the Total Revolving Commitment times (ii) the outstanding Letters of Credit, and the aggregate Dollar Equivalent principal amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Credit Loans or Swingline Loans, incurred on behalf of made pursuant to a notice given by the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at or any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Subsidiary Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereofunder Section 2.3. The Revolving Loans Commitments of the Lenders may be terminated or reduced from time to time be SOFR Loans pursuant to Section 2.14 or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (Section 7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Wyndham Worldwide Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, Credit and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time shall be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (XOOM Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender Lender, severally and not jointly, agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) Loans to the Borrower Borrowers and purchase participations in Letters of Credit issued pursuant to Section 2.6 upon Borrowers’ request from time to time on any Business Day during the Revolving Commitment Period Period, provided that (a) subject to Sections 5.12, 5.13 and 3.2 in an aggregate principal amount at any one time outstanding whichthe case of Eurodollar Loans, when added to the aggregate outstanding amount Loans of the Swingline Loanssame Type shall be made by Lenders in accordance with their respective Applicable Percentage and as part of the same Borrowing, and (b) after giving effect to such Loans or the aggregate undrawn Dollar Equivalent amount issuance of all outstanding such Letters of Credit, and as applicable, (i) the aggregate Dollar Equivalent amount Total Revolving Extensions of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does Credit do not exceed the amount lesser of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Borrowing Base or the Total Revolving Commitments then in effect at such time. During and (ii) the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings Extensions of more than one Type may be outstanding at the same time; provided that, there Credit of any Lender shall not be more than a total of seven (7) SOFR Borrowings outstanding at any timeexceed such Lender’s Revolving Commitment then in effect. (b) The Borrower Any Lender may request that Loans made by it be evidenced by a Revolving Note. In such event, Borrowers shall prepare, execute and deliver to such Lender a Revolving Note payable to such Lender and in the form attached hereto as Exhibit H with appropriate insertions. Thereafter, the Loans evidenced by such Revolving Note and interest thereon shall at all times (including after assignment pursuant to Section 12.6) be represented by one or more Revolving Notes in such form payable to the Lender named therein. (c) Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Commitment Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (HollyFrontier Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline any Revolving Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Revolving Lender’s Revolving Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding at such aggregate obligations time shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings Notwithstanding anything to the contrary contained herein, except as otherwise agreed to by the Administrative Agent in its discretion, during the continuance of more than one Type a Default or an Event of Default, no Revolving Loan may be outstanding at the same time; provided thatborrowed as, there shall not be more than converted to or continued as a total of seven (7) SOFR Borrowings outstanding at any timeEurodollar Loan. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination DateDate (other than any Extended Revolving Credit Commitments). The Extended Revolving Credit Commitments shall terminate on the respective maturity dates applicable thereto.

Appears in 1 contract

Sources: Credit Agreement (Gerson Lehrman Group, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Bill.com Holdings, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate Dollar Equivalent principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate outstanding principal amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lenderthen outstanding, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition; provided that after giving effect to any such Revolving Loans, such aggregate obligations (x) the Total Revolving Extensions of Credit shall not at any time exceed the Total Revolving Commitments and (y) the Total Revolving Extensions of Credit denominated in effect at such timeAlternative Currencies shall not exceed the Alternative Currency Sublimit. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.12. (b) Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Termination Date. The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (MPT Operating Partnership, L.P.)

Revolving Commitments. (ai) Subject During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Tranche A Lender severally agrees from time to time to make revolving credit loans to the Company (each, each a “Tranche A Revolving Loan” and, and collectively, the “Tranche A Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added up to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have but not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to exceeding such Tranche A Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition; provided, such aggregate obligations that after giving effect to the making of any Tranche A Revolving Loans in no event shall not at any time (x) the Total Utilization of Revolving Commitments exceed the Total lesser of (1) the Revolving Commitments then in effect at and (2) the product of the Borrowing Base and the Tranche A Advance Rate and (y) the making of such time. During Loans result in or increase a Tranche B Borrowing Base Deficiency. (ii) Each Tranche A Lender’s Revolving Commitment shall expire on the Revolving Commitment Period the Borrower may use Termination Date and all Tranche A Revolving Loans and all other amounts owed hereunder with respect to the Revolving Commitments by borrowing(or portion thereof, prepaying as applicable) shall be paid in full no later than such date. Amounts borrowed pursuant to this Section 2.2(a) may be repaid and reborrowed during the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any timeCommitment Period. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Bluestem Brands, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Brilliant Earth Group, Inc.)

Revolving Commitments. Each Revolving Lender severally agrees, on the terms and conditions set forth herein, to make loans in Dollars or in an Offshore Currency to a Borrower (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Commitment Termination Date, in an aggregate Equivalent Amount not to exceed at any time outstanding such Revolving Lender's Revolver Pro Rata Share of the Total Revolving Commitment Amount less the Effective Amount of all outstanding Revolving Loans (after giving effect to the Revolving Loans (including for purposes hereof Swingline Loans) made on such Business Day) less the Effective Amount of all outstanding Letter of Credit Obligations (after giving effect to the Letters of Credit Issued on such Business Day). The commitment of each Revolving Lender described in this Section 2.1 (a) Subject is herein referred to as such Revolving Lender's "Revolving Commitment" and, with respect to any Revolving Lender, means the principal amount set forth opposite such Revolving Lender's name on Schedule 2.1 hereto (or as set forth in any applicable Assignment and Acceptance Agreement) as such commitment may have been or may hereafter be adjusted pursuant to the terms of this Agreement. Within the limits of each Revolving Lender's Revolving Commitment, and subject to the other terms and conditions hereof, each any Borrower may borrow Revolving Lender severally agrees to make revolving credit loans (eachLoans under this Section 2.1, a “prepay under Section 2.6 and reborrow Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period Loans under this Section 2. 1. All Credit Extensions denominated in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations Offshore Currency shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any timeOffshore Currency Sublimit. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Trylon Corp/Mi/)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, ny-2096649 v7 the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such L▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR EurodollarSOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Accuray Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including, without limitation, all Overadvances to the extent not previously repaid) on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Fastly, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total TotalAvailable Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Accuray Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR EurodollarSOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including, without limitation, all Overadvances to the extent not previously repaid) on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Fastly, Inc.)

Revolving Commitments. (a) Subject During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender Bank severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the "Revolving Loans") to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Bank's Revolving Commitment. In addition, Commitment Percentage of such aggregate obligations Revolving Loans for the purposes hereinafter set forth; provided that (i) Extensions of Credit used for general corporate purposes hereunder shall not exceed Fifty Million Dollars ($50,000,000) at any time, unless and to the extent necessary to maintain the Borrower's REIT status, (ii) with regard to the Revolving Banks collectively, the aggregate principal amount of Obligations at any time shall not exceed the Total Aggregate Revolving Commitments in effect Committed Amount and (iii) with regard to each Revolving Bank individually, such Revolving Bank's Revolving Commitment Percentage of Obligations at any time shall not exceed such timeRevolving Bank's Revolving Committed Amount. During Revolving Loans shall be made by the Revolving Banks ratably in accordance with their respective Revolving Commitment Period Percentages. Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in partrequest, and reborrowing, all may be repaid and reborrowed in accordance with the terms and conditions provisions hereof. The Revolving Loans may from time consisting of (A) Eurodollar Loans shall be in the minimum aggregate principal amount of One Million Dollars ($1,000,000) and integral multiples of One Hundred Thousand Dollars ($100,000) in excess thereof, and (B) Base Rate Loans shall be in the minimum aggregate principal amount of Five Hundred Thousand Dollars ($500,000) and integral multiples of One Hundred Thousand Dollars ($100,000) in excess thereof. Notwithstanding anything contained herein to time be SOFR Loans or ABR Loansthe contrary, as determined by the Borrower and notified shall be limited to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings a maximum number of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven twenty (720) SOFR Borrowings Eurodollar Loans outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Revolving Credit Agreement (Healthcare Realty Trust Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (eacheach such loan, a “Committed Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower in Dollars from time to time time, on any Business Day during the Revolving Commitment Period Availability Period, in an aggregate principal amount not to exceed at any one time outstanding whichthe amount of such Lender’s Revolving Commitment; provided, when added however, that after giving effect to any Committed Revolving Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate outstanding amount Outstanding Amount of the Swingline LoansCommitted Revolving Loans of any Lender, plus such Lender’s Applicable Percentage of the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount Outstanding Amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline LoansObligations, incurred on behalf plus such Lender’s Applicable Percentage of the Borrower and owing to Outstanding Amount of all Swing Line Loans shall not exceed such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed Within the Total limits of each Lender’s Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in partCommitment, and reborrowing, all in accordance with subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. The Committed Revolving Loans may from time to time be SOFR Base Rate Loans or ABR Eurodollar Rate Loans, as determined by further provided herein; provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans, unless the Borrower submits a funding indemnity letter, in form and notified substance satisfactory to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than at least one Type may (1) Business Day prior to the Closing Date, for any Eurodollar Rate Loans requested to be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans made on the Revolving Termination Closing Date.

Appears in 1 contract

Sources: Credit Agreement (Citrix Systems Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. (c) All accrued and unpaid interest, commitment fees and Letter of Credit Fees shall be repaid on the Closing Date.

Appears in 1 contract

Sources: Credit Agreement (Stitch Fix, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, Credit and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower Borrowers and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base at such time. During the Revolving Commitment Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans borrowing (in whole or in part), and reborrowingreborrowing the Revolving Loans, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower Borrowers and notified to the Administrative Agent in accordance with Sections 2.5 2.3 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.10. (b) The Borrower Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (A123 Systems, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender agrees, severally agrees and not jointly, to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) Loans in Dollars to the Borrower from time to time on the 15th day of any calendar month (or if such day is not a Business Day, the first Business Day after the 15th of such calendar month), last Business Day of each calendar month or, four times per calendar year, any other Business Day during the applicable Revolving Commitment Period in an aggregate principal amount not to exceed at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount Commitment of such ▇▇▇▇▇▇’s Revolving Commitment. In additionLender; provided, such aggregate obligations however, that after giving effect to any Revolving Loan, (i) the Total Revolving Outstanding Amount shall not at any time exceed the Total Revolving Commitments in effect at such time. During Commitments, (ii) the Revolving Outstanding Amount of any Revolving Lender shall not exceed the Revolving Commitment Period of such Revolving Lender and (iii) the Borrower may use Total Outstanding Amount of all Lenders shall not exceed the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereofBorrowing Base. The Revolving Loans may from time Amounts borrowed pursuant to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type this Section 2.04 may be outstanding at repaid and reborrowed during the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any timeapplicable Revolving Commitment Period. (b) The Borrower shall repay all outstanding to the applicable Revolving Lenders on the applicable Revolving Termination Date the aggregate principal amount of the applicable Revolving Loans outstanding on the Revolving Termination Datesuch date.

Appears in 1 contract

Sources: Credit Agreement (B. Riley Financial, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (eacheach such loan, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower each Borrower, in Dollars, from time to time on any Business Day during the Revolving Commitment Period Availability Period, in an aggregate principal amount not to exceed, at any one time outstanding whichoutstanding, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition; provided, such aggregate obligations shall not at that, after giving effect to any time exceed Borrowing of Revolving Loans, (a) the Total Revolving Commitments in effect at such time. During Outstandings shall not exceed the Aggregate Revolving Commitments, (b) the Revolving Commitment Period the Borrower may use the Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in partCommitment, and reborrowing(c) the Total Revolving Outstandings of any Borrower shall not exceed such Borrower’s Borrower Sublimit. Within the limits of each Lender’s Revolving Commitment, all in accordance with and subject to the other terms and conditions hereof, each Borrower may borrow under this Section 2.01, prepay under Section 2.04, and reborrow under this Section 2.01. The Revolving Loans may from time to time be SOFR Base Rate Loans or ABR Eurodollar Rate Loans, or a combination thereof, as determined by the Borrower and notified further provided herein; provided, that, notwithstanding anything to the Administrative Agent contrary in accordance with Sections 2.5 and 2.13. the foregoing, all Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans made on the Revolving Termination DateClosing Date shall be made as Base Rate Loans.

Appears in 1 contract

Sources: Credit Agreement (Public Service Co of New Hampshire)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to the aggregate outstanding amount of the any Revolving Loans, any Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding at such aggregate obligations time shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the sum of (x) the Non-Formula Amount and (y) the Borrowing Base, each as in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Radisys Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the US Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Revolving Lender’s Revolving Percentage of the aggregate outstanding amount of the Swingline Loans, and the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, Credit and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the US Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition; furthermore, such aggregate obligations for all Revolving Lenders shall not at any time exceed the Total Revolving Commitments in effect at such timeCommitment. During the Revolving Commitment Period the US Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the US Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.12. (b) The US Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Netlogic Microsystems Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereofhereof and relying upon the representations and warranties herein set forth, each Revolving Lender agrees, severally agrees and not jointly, to make revolving credit loans (each, a Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars to the Borrower Borrower, at any time and from time to time during on and after the Closing Date and until the earlier of the Maturity Date and the termination of the Revolving Commitment Period of such Lender, in an aggregate principal amount at any one time outstanding whichnot to exceed such Lender’s Revolving Commitment minus all Loans made by such Lender and then outstanding, when added subject however, to the conditions that (a) at no time shall (i) the aggregate outstanding amount of Loans made by all Lenders and then outstanding exceed (ii) the Swingline Loans, Total Revolving Commitment and (b) at all times the outstanding aggregate undrawn Dollar Equivalent principal amount of all Loans made by each Lender shall equal the product of (i) the percentage that its Revolving Commitment represents of the Total Revolving Commitment times (ii) the outstanding Letters of Credit, and the aggregate Dollar Equivalent principal amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of made pursuant to a notice given by the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereofunder Section 2.3. The Revolving Loans Commitments of the Lenders may be terminated or reduced from time to time be SOFR Loans pursuant to Section 2.14 or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (Section 7) SOFR Borrowings outstanding at any time. (b) The Within the foregoing limits, the Borrower shall may borrow, pay or repay all outstanding Revolving and reborrow Loans hereunder, on and after the Revolving Termination Closing Date and prior to the Maturity Date, upon the terms and subject to the conditions and limitations set forth herein.

Appears in 1 contract

Sources: Credit Agreement (Wyndham Worldwide Corp)

Revolving Commitments. (ai) Subject On the Closing Date, the Revolving Loans of each Lender outstanding under the Existing Credit Facility (each as defined therein) on the Closing Date (immediately prior to the occurrence thereof), as set forth as “Existing Closing Date Loans” in Schedule 2.1(a)(i), shall be continued (on a cashless basis), and shall constitute and remain outstanding as Revolving Loans hereunder. The continuations of such Revolving Loans shall not be subject to any breakage or similar costs that might otherwise be payable pursuant to Section 2.16(c) or the equivalent provision of the Existing Credit Agreement. In furtherance of the foregoing, on the Closing Date, the initial Lenders hereunder shall make and receive payments among themselves, in a manner acceptable to and approved by the Administrative Agent, so that, after giving effect thereto, the Revolving Loans are, on (and immediately after the occurrence of) the Closing Date, held ratably by the Revolving Lenders in accordance with the respective Revolving Commitments of the Revolving Lenders on the Closing Date. (ii) During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) , which will be made in Dollars or Canadian Dollars, to Borrowers in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided that after giving effect to the Borrower from time to time during making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans shall be paid in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more full no later than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any timesuch date. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Pattern Energy Group Inc.)

Revolving Commitments. (a) Subject During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) Loans to the Borrower in Dollars in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that (i) after giving effect to the making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect and (ii) at no time from time the Restatement Date through (and including) the last day of the Availability Period shall any Lender be obligated to time make any Revolving Loan if, after giving effect to the making of such Revolving Loan, the Total Utilization of Revolving Commitments would exceed $100,000,000. Amounts borrowed pursuant to this Section 2.2(a) may be repaid and reborrowed during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Period. Each Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations Commitment shall not at any time exceed the Total Revolving Commitments in effect at such time. During expire on the Revolving Commitment Period Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Borrower may use Revolving Loans and the Revolving Commitments by borrowing, prepaying shall be paid in full no later than such date. Any Revolving Loan outstanding under the Existing Credit Agreement on the Restatement Date shall continue to be outstanding and be deemed to be a Revolving Loans in whole or in part, and reborrowing, all in accordance with Loan made hereunder subject the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Hologic Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount such Lender’s Revolving Percentage of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Obligations and Swing Line Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lenderthen outstanding, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Period, Borrower may use the Revolving Commitments by borrowing, repaying or prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on may elect to extend the Revolving Termination DateDate from June 18, 2008, to October 3, 2008, subject to the satisfaction of the following conditions: (i) Borrower shall have provided Administrative Agent with a written notice of its election to extend the Revolving Termination Date no later than June 1, 2008; (ii) No Default or Event of Default shall have occurred and be continuing on the date Borrower makes its written election to extend the Revolving Termination Date or on June 18, 2008; (iii) Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects on the date Borrower makes its written election to extend the Revolving Termination Date and on June 18, 2008 (other than those representations and warranties that relate to a specific prior date, in which case such representations and warranties shall be true and correct in all material respects as of such specific prior date); and (iv) Borrower shall have paid to Administrative Agent an advisory fee in accordance with the Fee Letter.

Appears in 1 contract

Sources: Credit Agreement (Getty Images Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to the aggregate outstanding principal amount of the any then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all then outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the Available Revolving Commitments then in effect at such timeeffect. During the Revolving Commitment Period Period, the Borrower may use the Available Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.11. Borrowings Notwithstanding anything to the contrary contained herein, during the existence and continuation of more than one Type an Event of Default, no Revolving Loan may be outstanding at the same time; provided thatborrowed as, there shall not be more than converted to or continued as a total of seven (7) SOFR Borrowings outstanding at any timeLoan. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Extreme Networks Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereofherein set forth, each Revolving Lender severally hereby severally, but not jointly, agrees to make revolving credit loans in Dollars (eacheach such loan, a “Revolving Loan” and”), collectively, the “Revolving Loans”) not to the Borrower from time to time during exceed the Revolving Commitment Period Amount, to the Borrowers as follows: (i) an initial borrowing on the Closing Date, in an the aggregate principal amount at any one time outstanding which, when added of $15,000,000 (the “Initial Borrowing”) and (ii) additional borrowings on each Subsequent Revolver Funding Date in respect of which a Notice of Borrowing has been delivered in an amount not to exceed the aggregate outstanding Availability or a greater amount agreed to in writing by the Administrative Agent or each Lender in their sole discretion. The proceeds of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into such Revolving Loans or Swingline Loans, incurred on behalf of shall be deposited into the Borrower Term and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereofLoan Priority Collateral Deposit Account. The Revolving Loans may from time and Revolving Loan proceeds shall be allocated to time be SOFR Loans or ABR Loans, as determined the Borrowers in the manner specified in the Notice of Borrowing therefor and used to pay (i) certain pre-petition expenses of the Borrowers and other costs authorized by the Borrower and notified Bankruptcy Court in each case acceptable to the Administrative Lenders, (ii) Obligations hereunder and under all other Loan Documents (including, without limitation, interest, fees, expenses and other amounts of whatever nature and Agent Expenses) and (iii) post-petition operating expenses and to fund working capital of the Borrowers and other costs and expenses of administration of the Chapter 11 Cases (excluding wind-down expenses and payments with respect any management incentive plan unless agreed to in accordance with Sections 2.5 writing by the Lenders in their sole discretion), in each case subject to Availability and 2.13not to exceed the Revolving Commitment Amount. Borrowings Notwithstanding the preceding, prior to the entry by the Bankruptcy Court of more than one Type may a Final Order, the Revolving Commitment Amount shall be outstanding at limited to the same time; provided thatsum of $25,000,000, to the extent authorized by the Interim Order. For the avoidance of doubt, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at one borrowing in any timefiscal week. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (School Specialty Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including, without limitation, all Overadvances to the extent not previously repaid) on the Revolving Termination Date. All accrued and unpaid interest as well as the accrued and unpaid Letter of Credit Fees shall be repaid on the Closing Date.

Appears in 1 contract

Sources: Senior Secured Credit Facilities Credit Agreement (Nerdwallet, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.. ny-2508035

Appears in 1 contract

Sources: Credit Agreement (Appian Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, that there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower shall repay all outstanding Revolving Loans (including, without limitation, all Overadvances to the extent not previously repaid) on the Revolving Termination Date. All accrued and unpaid interest as well as the accrued and unpaid Letter of Credit Fees shall be repaid on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (SmartRent, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the any Borrower from time to time in Dollars during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.132.10. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The . Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower shall to repay all outstanding Revolving Loans on such Loan in accordance with the Revolving Termination Date.terms of this Agreement

Appears in 1 contract

Sources: Credit Agreement

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the aggregate sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all (ii) such Revolving Lender’s L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline LoansExposure, incurred on behalf of the Borrower and owing to if any, at such Lendertime, does not exceed the amount of such ▇▇▇▇▇▇Revolving Lender’s Revolving Commitment. In addition; provided, that the Total Revolving Extensions of Credit outstanding at such aggregate obligations time, after giving effect to the making of such Revolving Loans, shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (b) The Borrower Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Facility (Benefitfocus,Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the aggregate sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all (ii) such Revolving Lender’s L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline LoansExposure, incurred on behalf of the Borrower and owing to if any, at such Lendertime, does not exceed the amount of such ▇▇▇▇▇▇Revolving Lender’s Revolving Commitment. In addition; provided, that the Total Revolving Extensions of Credit outstanding at such aggregate obligations time, after giving effect to the making of such Revolving Loans, shall not at any time exceed the lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base in effect at such time. During the Revolving Commitment Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time. (ba) The Borrower Borrowers shall repay all outstanding Revolving Loans (including all Overadvances and Protective Overadvances) on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Teladoc, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to the aggregate outstanding amount of the any Revolving Loans, any Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such ▇▇▇▇▇▇Lender’s Revolving Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding at such aggregate obligations time shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings Notwithstanding anything to the contrary contained herein, during the existence of more than one Type a Default or an Event of Default, no Revolving Loan may be outstanding at the same time; provided thatborrowed as, there shall not be more than converted to or continued as a total of seven (7) SOFR Borrowings outstanding at any timeEurodollar Loan. (ba) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Alarm.com Holdings, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower Borrowers in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such ▇▇▇▇▇▇’s Revolving Percentage of the sum of (i) the aggregate outstanding amount Outstanding Amount of L/C Obligations at such time and (ii) the aggregate Outstanding Amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to at such Lendertime, does not exceed the amount of such ▇▇▇▇▇▇’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR EurocurrencyTerm Benchmark Loans or ABR Loans, as determined by the Borrower Representative and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time2.12. (b) The Borrower Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date, together with accrued and unpaid interest on the Revolving Loans, to but excluding the date of payment. (c) The Obligations of the Borrowers in respect of the Revolving Loans, whether on account of principal, interest, fees or otherwise, are joint and several.

Appears in 1 contract

Sources: First Lien Credit Agreement (Powerschool Holdings, Inc.)