Common use of Revolving Commitments Clause in Contracts

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving Commitments. During the Revolving Commitment Period the 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. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 3 contracts

Samples: Credit Agreement (Tempur Sealy International, Inc.), Credit Agreement (Tempur Sealy International, Inc.), Amendment and Restatement Agreement (Tempur Sealy International, Inc.)

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Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Borrower and/or the Co-Borrower, as the case may be, from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use any application of proceeds thereofof such Revolving Loans pursuant to Section 2.6(b)) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding and (iii) the Dollar Equivalent of the aggregate principal amount of the Foreign Currency Loans of such Lender then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrowers Borrower and the Co-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 Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower or the Co-Borrower, as applicable, and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.12.

Appears in 3 contracts

Samples: Credit Agreement (Allscripts Healthcare Solutions, Inc.), Credit Agreement (Allscripts Healthcare Solutions, Inc.), Credit Agreement (Allscripts Healthcare Solutions, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Loan” and, collectively, the “Revolving Loans, “Foreign Currency Loans”) to the 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 (after giving effect to the use of proceeds thereof) to the sum of (i) such Revolving Lender’s Revolving Percentage of the sum of (x) the L/C Obligations any Swingline Loans then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Revolving Lender’s Swingline Exposure then outstandingL/C Exposure, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment and (iii) Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time (including time, after giving effect to the Dollar Equivalent making of any such Revolving Extensions of Credit outstanding in currencies other than Dollars) does Loans, shall not exceed (x) the lesser of (i) the Total Revolving CommitmentsCommitments 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 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. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 3 contracts

Samples: Credit Agreement (Benefitfocus,Inc.), Credit Agreement (Benefitfocus,Inc.), Credit Agreement (Benefitfocus,Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each (i) US Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“US Revolving Loans”) denominated in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Company from time to time during the Revolving Commitment Revolver Availability Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such LenderXxxxxx’s US Revolving Percentage of the sum of (x) the L/C Obligations then outstanding outstanding, does not exceed such Xxxxxx’s US Revolving Commitment and (yii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans (“Multicurrency Revolving Loans” and together with the US Revolving Loans, “Revolving Loans”) denominated in a Multicurrency to the Company and the Foreign Subsidiary Borrowers, from time to time during the Revolver Availability Period in an aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the aggregate principal amount of any such Lender’s Multicurrency Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding Loans denominated in currencies a Multicurrency other than Dollars) at any one time outstanding which does not exceed such Lender’s Multicurrency Revolving Commitment; provided that the Total aggregate principal amount of US Revolving Loans plus the aggregate principal amount of L/C Obligations plus the aggregate principal amount of Multicurrency Revolving Loans shall not exceed the Revolving Commitments. During Within the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, foregoing limits and reborrowing, all in accordance with subject to the terms and conditions hereofset forth herein, a Borrower may borrow, prepay and reborrow Revolving Loans. Revolving The Loans denominated in Dollars may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower Company and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13Section 2.05, subject to Section 2.11. The Multicurrency Revolving Loans denominated in any Multicurrency other than Dollars shall be Eurocurrency Loans in accordance with Section 2.05.

Appears in 2 contracts

Samples: Credit Agreement (Corelogic, Inc.), Credit Agreement (Corelogic, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans denominated in U.S. Dollars (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Borrowers, in each case from time to time at such Borrower’s request during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, outstanding and (ii) such Lender’s Swingline Exposure then outstandingoutstanding (which, in the case of the Swingline Lender, shall be the aggregate principal amount of all Swingline Loans outstanding at such time less the participation amounts otherwise funded by the Revolving Lenders other than a Swingline Lender) does not exceed the amount of such Lender’s Revolving Commitment and (iii) Commitment, after giving effect to the Total Revolving Extensions use of Credit outstanding at such time (including the Dollar Equivalent proceeds of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving CommitmentsLoans to repay any Swingline Loans. During the Revolving Commitment Period the Borrowers each 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 Eurocurrency Term Benchmark Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.7 or 2.14, or pursuant to Section 2.18, RFR Loans.

Appears in 2 contracts

Samples: Credit Agreement (Garden SpinCo Corp), Credit Agreement (Neogen Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereofhereof and relying upon the representations and warranties herein set forth, each Revolving Lender (acting through any of its branches or affiliates) agrees, severally agrees and not jointly, to make revolving credit loans (“Revolving Credit Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers 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 which, when added (after giving effect not to the use of proceeds thereof) to exceed such Lender’s Revolving Commitment minus the sum of such Lender’s pro rata share of (i) such Lender’s the then current Revolving Percentage of the sum of (x) the L/C Obligations then outstanding Exposure and (yii) the aggregate principal amount of the Revolving Swingline Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) outstanding at such Lender’s Swingline Exposure then outstanding, does not exceed time plus the amount of by which the Competitive Loans outstanding at such time shall be deemed to have used such Lender’s Revolving Commitment and pursuant to Section 2.20 subject, however, to the conditions that (iiia) at no time shall (i) the Revolving Credit Exposure exceed (ii) the Total Revolving Extensions Commitment and (b) at all times the outstanding aggregate principal amount of all Revolving Credit outstanding at such time Loans made by each Revolving Lender shall equal the product of (including i) the Dollar Equivalent percentage that its Revolving Commitment represents of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving CommitmentsCommitment times (ii) the outstanding aggregate principal amount of all Revolving Credit Loans made pursuant to a notice given by the Borrower or any Subsidiary Borrower under Section 2.3. During the Revolving Commitment Period the Borrowers may use the The Revolving Commitments by borrowing, prepaying of the Revolving Loans in whole Lenders may be terminated or in part, and reborrowing, all in accordance with the terms and conditions hereof. Revolving Loans may reduced from time to time be Eurocurrency Loans pursuant to Section 2.14 or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13Section 7.

Appears in 2 contracts

Samples: Credit Agreement (Wyndham Worldwide Corp), Credit Agreement (Wyndham Worldwide Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers 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 (after giving effect to the use of proceeds thereof) to the sum of (i) such Revolving Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Exposure and/or any Swingline Loans) then outstanding, (ii) if any, at such Lender’s Swingline Exposure then outstandingtime, does not exceed the amount of such Revolving Lender’s Revolving Commitment and (iii) Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time (including time, after giving effect to the Dollar Equivalent making of any such Revolving Extensions of Credit outstanding in currencies other than Dollars) does Loans, shall not exceed the Total Revolving CommitmentsCommitments in effect at such time. During the Revolving Commitment Period the Borrowers 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 Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Notwithstanding anything to the contrary contained herein, during the existence of a Default or an Event of Default, no Revolving Loan may be borrowed as, or converted to or continued as a Eurodollar Loan.

Appears in 2 contracts

Samples: Credit Agreement (Carbonite Inc), Credit Agreement (Carbonite Inc)

Revolving Commitments. (ai) Subject to the terms and conditions hereof, each Lender holding a Initial Revolving Lender (acting through any of its branches or affiliates) Commitment severally agrees to make revolving credit loans (together, the Initial Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers (on a joint and several basis as between the Borrowers) from time to time in Dollars or, at the request of the Parent Borrower, in any Designated Foreign Currency during the Initial Revolving Commitment Period in an aggregate principal amount at any one time outstanding the Dollar Equivalent of which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Commitment Percentage of the sum of (x) the Dollar Equivalent of the then outstanding Revolving L/C Obligations and the then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Swing Line Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment then in effect (after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) (it being understood and (iii) agreed that the Total Revolving Extensions of Credit outstanding at such time (including Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Revolving Loans in any Designated Foreign Currency and, to the extent applicable, the then outstanding Revolving L/C Obligations in respect of any Revolving Extensions Letters of Credit outstanding denominated in currencies other than Dollars) does not exceed any Designated Foreign Currency on the Total date on which the Parent Borrower has given the Administrative Agent a notice of borrowing with respect to any Revolving CommitmentsLoan for purposes of determining compliance with this Section 2.1(c)). During the Initial Revolving Commitment Period Period, the Borrowers may use the Initial Revolving Commitments by borrowing, prepaying the Initial Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. ; provided that the amount of Revolving Loans may from time funded on the Closing Date pursuant to time be Eurocurrency Loans or Sections 5.17(iii)(a)(1), (other than iii)(a)(3) and (iii)(c) (in the case of Foreign Currency Loans) ABR LoansSection 5.17(iii)(c), as determined by the applicable Borrower and notified other than to the Administrative Agent in accordance with Sections 2.5 and 2.13extent used for working capital) shall not exceed an aggregate amount of $50,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Hertz Corp), Credit Agreement (Hertz Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, (i) each US$ Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans in Dollars (“US$ Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Parent Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s US$ Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Swingline Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s US$ Revolving Commitment and (iiiii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans in Dollars and each Alternative Currency (“Multicurrency Revolving Loans”) to the Total Parent Borrower and the Foreign Subsidiary Borrowers from time to time during the Revolving Extensions of Credit Commitment Period in an aggregate principal amount at any one time outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) which does not exceed the Total such Lender’s Multicurrency Revolving CommitmentsCommitment. During the Revolving Commitment Period the relevant 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 Eurocurrency Loans or (other than or, in the case of Foreign Currency Loans) Revolving Loans denominated in Dollars, ABR Loans, as determined by the applicable relevant Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.12.

Appears in 2 contracts

Samples: Credit Agreement (Roper Industries Inc /De/), Credit Agreement (Roper Industries Inc /De/)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each (i) US Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“US Revolving Loans”) denominated in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Company from time to time during the Revolving Commitment Revolver Availability Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s US Revolving Percentage of the sum of (x) the L/C Obligations then outstanding outstanding, does not exceed such Lender’s US Revolving Commitment and (yii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans (“Multicurrency Revolving Loans” and together with the US Revolving Loans, “Revolving Loans”) denominated in a Multicurrency to the Company and the Foreign Subsidiary Borrowers, from time to time during the Revolver Availability Period in an aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the aggregate principal amount of any such Lender’s Multicurrency Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding Loans denominated in currencies a Multicurrency other than Dollars) at any one time outstanding which does not exceed such Lender’s Multicurrency Revolving Commitment; provided that the Total aggregate principal amount of US Revolving Loans plus the aggregate principal amount of L/C Obligations plus the aggregate principal amount of Multicurrency Revolving Loans shall not exceed the Revolving Commitments. During Within the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, foregoing limits and reborrowing, all in accordance with subject to the terms and conditions hereofset forth herein, a Borrower may borrow, prepay and reborrow Revolving Loans. Revolving The Loans denominated in Dollars may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower Company and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13Section 2.05, subject to Section 2.11. The Multicurrency Revolving Loans denominated in any Multicurrency other than Dollars shall be Eurocurrency Loans in accordance with Section 2.05.

Appears in 2 contracts

Samples: Credit Agreement (Corelogic, Inc.), Credit Agreement (Corelogic, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) Loans to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment Commitment; provided that any time after the occurrence and (iii) 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 Extensions of Credit outstanding at such time would exceed $100,000,000 (including provided that this shall not be a condition precedent with respect to the Dollar Equivalent issuance of any Revolving Extensions Letter of Credit outstanding to the extent that such Letter of Credit is Cash Collateralized concurrently with the issuance thereof in currencies other an amount not less than Dollars) does not exceed the Total Revolving CommitmentsMinimum Collateral Amount). During the Revolving Commitment Period the Borrowers 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. Subject to Section 2.14, the Revolving Loans may from time to time be Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.132.10.

Appears in 2 contracts

Samples: Credit Agreement (CorePoint Lodging Inc.), Guaranty and Security Agreement (CorePoint Lodging Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving Commitments. During the Revolving Commitment Period the 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. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, Term Benchmark Loans or RFR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 2 contracts

Samples: Credit Agreement (Tempur Sealy International, Inc.), Credit Agreement (Tempur Sealy International, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers 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 (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of any then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn amount of all then outstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans (including Loans, incurred on behalf of the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) Borrower and owing to such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and (iii) Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent after giving effect to any requested borrowing of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does Loans shall not exceed the Total Available Revolving CommitmentsCommitments then in effect. During the Revolving Commitment Period Period, the Borrowers 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 Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurodollar Loan.

Appears in 2 contracts

Samples: Credit Agreement (Extreme Networks Inc), Credit Agreement (Extreme Networks Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, (1) each Dollar Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans in Dollars (“Dollar Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed the amount of such Lender’s Dollar Revolving Commitment and (2) each Alternative Currency Revolving Lender severally agrees to make revolving credit loans in one or more Alternative Currencies (“Alternative Currency 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 (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Alternative Currency Revolving Percentage of the sum of (xi) the L/C LC Obligations then outstanding and (yii) the aggregate principal amount of the Revolving Swingline Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Alternative Currency Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrowers 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 Dollar Revolving Loans and Alternative Currency Revolving Loans denominated in Dollars may from time to time be Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.12. The Alternative Currency Revolving Loans denominated in an Alternative Currency other than Dollars shall be Eurodollar Loans.

Appears in 1 contract

Samples: Credit Agreement (Davita Inc)

Revolving Commitments. (a) Subject i)Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) to the Revolving Borrowers in Dollars or in one or more Foreign Alternative Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers from time to time on any Business Day during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (xi) the aggregate Outstanding Amount of L/C Obligations then outstanding at such time and (yii) the aggregate principal amount Outstanding Amount of the Revolving Swingline Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) at such Lender’s Swingline Exposure then outstandingtime, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving CommitmentsCommitment. During the Revolving Commitment Period the Revolving 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 (other than Revolving Loans denominated in Dollars or Sterling) may from time to time be Eurocurrency Loans or, with respect to Revolving Loans denominated in Dollars, Term SOFR Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.12. Revolving Loans denominated in Sterling shall be Sterling Daily Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (CLARIVATE PLC)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage aggregate outstanding amount of the sum Swingline Loans, ny-2096649 v7 NY-2096649.22 the aggregate undrawn amount of (x) all outstanding Letters of Credit, and the aggregate amount of all L/C Obligations then outstanding and (y) the aggregate principal amount Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) Borrower and owing to such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such LenderLxxxxx’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding Commitment. In addition, such aggregate obligations shall not at such any time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving CommitmentsCommitments in effect at such time. During the Revolving Commitment Period the Borrowers 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 Eurocurrency EurodollarSOFR Loans or (other than in the case of Foreign Currency Loans) 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 SOFR Borrowings outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Accuray Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (together, the “Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to each of the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Commitment Percentage of the sum of (x) the then outstanding L/C Obligations and the then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Swing Line Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and then in effect; provided that (iiix) no Lender shall make any Revolving Loan in any Designated Foreign Currency if, after giving effect to the Total making of such Revolving Extensions Loan, the sum of Credit outstanding at such time (including the Dollar Equivalent of the then outstanding Revolving Loans in Designated Foreign Currencies and the then outstanding L/C Obligations in respect of Letters of Credit denominated in any L/C Designated Foreign Currency would exceed $50.0 million and (y) the aggregate principal amount of Revolving Loans made to Foreign Subsidiary Borrowers and L/C Obligations in respect of Letters of Credit issued on behalf of Foreign Subsidiary Borrowers shall at no time exceed the Dollar Equivalent of $50.0 million (it being understood and agreed that the Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Revolving Loans in any Designated Foreign Currency and, to the extent applicable, the then outstanding L/C Obligations in respect of any Letters of Credit denominated in any L/C Designated Foreign Currency on the date on which the Parent Borrower has given the Administrative Agent a notice of borrowing with respect to any Revolving Extensions Loan for purposes of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving Commitmentsdetermining compliance with this subsection 2.1). During the Revolving Commitment Period Period, each of the 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. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 1 contract

Samples: Revolving Credit Agreement (Servicemaster Co)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers 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 (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of any then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn amount of all then outstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans (including Loans, incurred on behalf of the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) Borrower and owing to such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment and (iii) Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent after giving effect to any requested borrowing of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does Loans shall not exceed the Total Available Revolving CommitmentsCommitments then in effect. During the Revolving Commitment Period Period, the Borrowers 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 Eurocurrency SOFR Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.11. Notwithstanding anything to the contrary contained herein, during the existence and continuation of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a SOFR Loan.

Appears in 1 contract

Samples: Credit Agreement (Extreme Networks Inc)

Revolving Commitments. (a) Subject to and upon the terms and conditions hereofset forth in this Agreement, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (collectively, the Conventional Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers 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 which, when added (after giving effect an amount equal to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of Commitment less (xii) the L/C Obligations then outstanding and (y) the aggregate 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, if any; provided that in no event shall the aggregate outstanding principal amount of Conventional Revolving Loans, Discretionary Revolving Loans, Alternate Currency Loans (including each calculated in its Dollar equivalent) and the Dollar Equivalent aggregate LC Exposure ever exceed $2,250,000,000, as such amount may be increased or reduced pursuant to the terms of Foreign Currency this Agreement. Each Conventional Revolving Borrowing shall be in an aggregate amount of not 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 of the same type (e.g., Alternate Base Rate Loans, Federal Funds Rate Loans or Eurodollar Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving Commitments. During the Revolving Commitment Period the 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 same Interest Period from each Lender. Within such limits and conditions hereof. Revolving Loans during such period, the Company may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loansborrow, as determined by the applicable Borrower repay and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13reborrow under this Section 2.01(a).

Appears in 1 contract

Samples: Credit Agreement (Cox Enterprises Inc Et Al)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving Commitments. During the Revolving Commitment Period the 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. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 1 contract

Samples: Credit Agreement (Tempur Sealy International, Inc.)

Revolving Commitments. If the Administrative Agent notifies the Parent at any time that the Total Revolving Outstandings at such time exceed the Aggregate Revolving Commitments then in effect (aand, in the case of any such excess resulting from exchange rate fluctuations, such excess continues for a period of three (3) Subject to the terms and conditions hereofconsecutive Business Days), each Revolving Lender (acting through any then, within two Business Days after receipt of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loansnotice, “Foreign Currency Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) shall prepay Loans and/or Cash Collateralize the L/C Obligations then outstanding and (y) the in an aggregate principal amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Aggregate Revolving Commitments then in effect; provided, however, that, subject to the 66 provisions of Section 2.03(g), the Borrowers shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.08(b)(i) unless after the prepayment in full of the Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not Outstandings exceed the Total Revolving Commitments. During the Revolving Commitment Period the Borrowers may use the Aggregate Revolving Commitments by borrowingthen in effect. All amounts required to be paid pursuant to this Section 2.08(b) shall be applied first, prepaying ratably to the L/C Borrowings and the Swing Line Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations. Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurocurrency Rate Loans in whole direct order of Interest Period maturities. All prepayments under this Section 2.08(b) shall be subject to Section 3.05, but otherwise without premium or in partpenalty, and reborrowing, all in accordance with shall be accompanied by interest on the terms and conditions hereof. Revolving Loans may from time to time be Eurocurrency Loans or (other than in principal amount prepaid through the case date of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13prepayment.

Appears in 1 contract

Samples: Credit Agreement (Brightpoint Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each (i) US Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“US Revolving Loans”) denominated in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Company from time to time during the Revolver Availability Period in an aggregate principal amount at one time outstanding which, when added to such Xxxxxx’s US Revolving Percentage of the L/C Obligations then outstanding, does not exceed such Xxxxxx’s US Revolving Commitment and (ii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans (“Multicurrency Revolving Loans” and together with the US Revolving Loans, “Revolving Loans”) denominated in a Multicurrency to the Company and the Foreign Subsidiary Borrowers, from time to time during the Revolver Availability Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, which does not exceed such Xxxxxx’s Multicurrency Revolving Commitment. Within the amount of such Lender’s Revolving Commitment foregoing limits and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving Commitments. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with subject to the terms and conditions hereofset forth herein, a Borrower may borrow, prepay and reborrow Revolving Loans. Revolving The Loans denominated in Dollars may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower Company and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13Section 2.05. The Multicurrency Revolving Loans denominated in any other Multicurrency shall be Eurocurrency Loans in accordance with Section 2.05.

Appears in 1 contract

Samples: Credit Agreement (Corelogic, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers 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 (after giving effect to the use aggregate outstanding amount of proceeds thereof) to any Revolving Loans, the sum aggregate undrawn amount of (i) such Lender’s Revolving Percentage all outstanding Letters of Credit, and the sum aggregate amount of (x) the all L/C Obligations then outstanding and (y) the aggregate principal amount Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) Borrower and owing to such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Revolving Lender’s Revolving Commitment and (iii) Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does shall not exceed the Total Revolving CommitmentsCommitments in effect at such time. During the Revolving Commitment Period the Borrowers 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 Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Notwithstanding anything to the contrary contained herein, except as otherwise agreed to by the Administrative Agent in its discretion, during the continuance of a Default or an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurodollar Loan.

Appears in 1 contract

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

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers 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 (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (xi) the L/C Obligations then outstanding and (yii) the aggregate principal amount of the Revolving Swingline Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and Commitment; provided that after giving effect to any such Revolving Loans, (iiix) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does shall not exceed the Total Revolving CommitmentsCommitments and (y) the Total Revolving Extensions of Credit denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. During the Revolving Commitment Period the Borrowers 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 Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.12.

Appears in 1 contract

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

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (xi) the L/C Obligations then outstanding outstanding, (ii) the Magellan Reserve, and (yiii) the aggregate principal amount of the Revolving Swingline Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and (iii) provided however, notwithstanding the Total foregoing each Revolving Extensions Lender shall make Revolving Loans to the Borrower during the Revolving Commitment Period in an amount not to exceed such Lender’s Revolving Percentage of Credit outstanding at the Magellan Reserve to the extent that the Borrower utilizes such time (including Revolving Loans to repay, or fund in escrow with respect to, amounts owing under the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving CommitmentsMagellan Seller Notes. During the Revolving Commitment Period the Borrowers 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 Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.12.

Appears in 1 contract

Samples: Credit Agreement (Rem Arrowhead, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, (i) each US$ Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans in Dollars (“US$ Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Parent Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s US$ Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Swingline Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s US$ Revolving Commitment and (iiiii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans in Dollars and each Alternative Currency (“Multicurrency Revolving Loans”) to the Total Parent Borrower and the Foreign Subsidiary Borrowers from time to time during the Revolving Extensions of Credit Commitment Period in an aggregate principal amount at any one time outstanding at such time (including the whose Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total such Lender’s Multicurrency Revolving CommitmentsCommitment. During the Revolving Commitment Period the relevant 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 Eurocurrency Loans or (other than or, in the case of Foreign Currency Loans) Revolving Loans denominated in Dollars, ABR Loans, as determined by the applicable relevant Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.11. No Revolving Loans shall be made if the Revolving Extensions of Credit would exceed the Revolving Commitment.

Appears in 1 contract

Samples: Credit Agreement (Roper Industries Inc)

Revolving Commitments. (ai) Subject to the terms and conditions hereof, each Lender holding a Tranche B-1 Revolving Lender (acting through any of its branches or affiliates) Commitment severally agrees to make revolving credit loans (together, the Tranche B-1 Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers (on a joint and several basis as between the Borrowers) from time to time in Dollars or, at the request of the Parent Borrower, in any Designated Foreign Currency during the Tranche B-1 Revolving Commitment Period in an aggregate principal amount at any one time outstanding the Dollar Equivalent of which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Commitment Percentage of the sum of (x) the Dollar Equivalent of the then outstanding L/C Obligations and the then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Swing Line Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment then in effect (after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) (it being understood and (iii) agreed that the Total Revolving Extensions of Credit outstanding at such time (including Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Revolving Loans in any Designated Foreign Currency and, to the extent applicable, the then outstanding L/C Obligations in respect of any Letters of Credit denominated in any Designated Foreign Currency on the date on which the Parent Borrower has given the Administrative Agent a notice of borrowing with respect to any Revolving Extensions Loan for purposes of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving Commitmentsdetermining compliance with this Section 2.1(b)). During the Tranche B-1 Revolving Commitment Period Period, the Borrowers may use the Tranche B-1 Revolving Commitments by borrowing, prepaying the Tranche B-1 Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 1 contract

Samples: Credit Agreement (Hertz Global Holdings, Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers from time to time during the Revolving Commitment Period Period, (i) each Dollar Revolving Lender severally agrees to make to the Borrower revolving credit loans denominated in Dollars ("DOLLAR REVOLVING LOANS") in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) that will not result in such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the 's Revolving Loans (including under the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) Revolving Commitments exceeding such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s 's Dollar Revolving Commitment and (iiiii) each Multicurrency Revolving Lender severally agrees to make to the Borrower revolving credit loans denominated in Dollars or an Alternative Currency ("MULTICURRENCY REVOLVING LOANS"; together with the Dollar Revolving Loans, the "REVOLVING LOANS") in an aggregate principal amount that will not result at the time of such Borrowing in (A) the Total Dollar Amount of such Lender's Revolving Extensions of Credit outstanding at Loans under the Multicurrency Revolving Commitments exceeding such time Lender's Multicurrency Revolving Commitment or (including B) the Dollar Equivalent Amount of any Multicurrency Revolving Extensions of Credit outstanding Loans in currencies other than Dollars) does not exceed Alternative Currencies exceeding the Total Alternative Currency Revolving CommitmentsSublimit. During the Revolving Commitment Period the Borrowers 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 Eurocurrency Loans or (other than or, in the case of Foreign Currency Loans) Dollar Revolving Loans or Multicurrency Revolving Loans in Dollars, ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.04 and 2.132.06.

Appears in 1 contract

Samples: Credit Agreement (Liberty Media Corp /De/)

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Revolving Commitments. (a) Subject to the terms and conditions hereof, (i) each US$ Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans in Dollars (“US$ Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s US$ Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Swingline Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s US$ Revolving Commitment and (iiiii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans in Dollars and each Alternative Currency (“Multicurrency Revolving Loans”) to the Total Borrower from time to time during the Revolving Extensions of Credit Commitment Period in an aggregate principal amount at any one time outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) which does not exceed the Total such Lender’s Multicurrency Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrowers 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 Eurocurrency Loans or (other than or, in the case of Foreign Currency Loans) Revolving Loans denominated in Dollars, ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.12. The Borrower may not borrow, and the Revolving Lenders shall be under no obligations to make available, Revolving Loans on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Church & Dwight Co Inc /De/)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/L/ C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving Commitments. During the Revolving Commitment Period the 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. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 1 contract

Samples: Credit Agreement (Tempur Sealy International, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such , which shall be comprised of Extended Revolving Loans and Non-Extended Revolving Loans, “Foreign Currency Loans”) to the Borrowers Borrower from time to time at the Borrower’s request during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (xi) the L/C Obligations with respect to Revolving Letters of Credit then outstanding and (yii) the aggregate principal amount of the Revolving Swingline Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, outstanding does not exceed the amount of such Lender’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrowers 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 Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.7 and/or 2.14. On and 2.13after the Fifth Amendment Effective Date (and without further action), all Revolving Loans shall first be made under the Extended Revolving Facility, to the extent of availability thereunder, and then under the Non-Extended Revolving Facility, to the extent of availability thereunder.

Appears in 1 contract

Samples: Credit Agreement (Tenneco Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage aggregate outstanding amount of the sum Swingline Loans, the aggregate undrawn Dollar Equivalent amount of (x) all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Obligations then outstanding and (y) the aggregate principal amount Disbursements that have not yet been reimbursed by Borrower or converted into Revolving Loans, incurred on behalf of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) Borrower and owing to such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and (iii) Commitment. In addition, the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not at any time exceed (including the Dollar Equivalent of I) during any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed Non-Formula Period, the Total Revolving CommitmentsCommitments 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 Borrowers 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 Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.132.9.

Appears in 1 contract

Samples: Credit Agreement (UiPath, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each (i) US Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“US Revolving Loans”) denominated in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Company from time to time during the Revolving Commitment Revolver Availability Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such LenderXxxxxx’s US Revolving Percentage of the sum of (x) the L/C Obligations then outstanding outstanding, does not exceed such Xxxxxx’s US Revolving Commitment and (yii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans (“Multicurrency Revolving Loans” and together with the US Revolving Loans, “Revolving Loans”) denominated in a Multicurrency to the Company and the Foreign Subsidiary Borrowers, from time to time during the Revolver Availability Period in an aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the aggregate principal amount of any such Lender’s Multicurrency Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding Loans denominated in currencies a Multicurrency other than Dollars) at any one time outstanding which does not exceed such Lender’s Multicurrency Revolving Commitment. Within the Total Revolving Commitments. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, foregoing limits and reborrowing, all in accordance with subject to the terms and conditions hereofset forth herein, a Borrower may borrow, prepay and reborrow Revolving Loans. Revolving The Loans denominated in Dollars may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower Company and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13Section 2.05. The Multicurrency Revolving Loans denominated in any Multicurrency other than Dollars shall be Eurocurrency Loans in accordance with Section 2.05.

Appears in 1 contract

Samples: Credit Agreement (Corelogic, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Loan” and, collectively, the “Revolving Loans, “Foreign Currency Loans”) to the 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 (after giving effect to the use aggregate outstanding amount of proceeds thereof) to any Revolving Loans, the sum aggregate undrawn amount of (i) such Lender’s Revolving Percentage all outstanding Letters of Credit, and the sum aggregate amount of (x) the all L/C Obligations then outstanding and (y) the aggregate principal amount Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Borrowers and owing to Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s the Revolving Commitment and Commitment. The Revolving Loans may be advances to a U.S. Borrower (iii) “U.S. Revolving Loans”), or advances to a Non-U.S. Borrower (“Non-U.S. Revolving Loans”). In addition the Total U.S. Revolving Extensions of Credit shall not exceed the lesser of (i) the Revolving Commitment outstanding at such time and (including ii) the Dollar Equivalent of any U.S. Revolving Extensions of Credit outstanding Loan Sublimit in currencies other than Dollars) does not exceed the Total Revolving Commitmentseffect at such time. During the Revolving Commitment Period the 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 Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower Borrowers and notified to the Administrative Agent Lender in accordance with Sections 2.5 and 2.132.11.

Appears in 1 contract

Samples: Credit Agreement (Rightside Group, Ltd.)

Revolving Commitments. From the Third RestatementSecond Amendment Effective Date to the Revolving Facility Termination Date, (a) Subject to each Lender severally agrees, on the terms and conditions hereofset forth in this Agreement, to make Revolving Loans to the Company from time to time, (b) each BSub Lender with respect to a Borrowing Subsidiary severally agrees, on the terms and conditions set forth in this Agreement, to make Multicurrency Revolving Loans to such Borrowing Subsidiary (and each other Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) that it will purchase a participation in Dollars or in one or more Foreign Currencies (each such Revolving LoansLoan if required pursuant to Section 2.25) and (c) each Issuer agrees tothat it may, “Foreign Currency Loans”) to in its sole discretion, issue Letters of Credit denominated in Agreed Currencies for the Borrowers account of any Borrower from time to time during the (and each Revolving Commitment Period Lender severally agrees to participate in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use each such Letter of proceeds thereof) to the sum of Credit as more fully set forth in Section 2.18); provided that (i) such Lender’s the Aggregate Outstanding Revolving Percentage of Credit Exposure shall not at any time exceed the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Aggregate Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstandingCommitment, (ii) such Lender’s Swingline the Outstanding Revolving Credit Exposure then outstanding, does of any Lender shall not at any time exceed the amount of such Lender’s Revolving Commitment and (iii) the Total aggregate Dollar Amount of all outstanding Multicurrency Revolving Extensions Loans, LC Exposure not denominated in Dollars and Swingline Exposure not denominated in Dollars shall not at any time exceed $100,000,000. Subject to the terms of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving Commitments. During the Revolving Commitment Period this Agreement, the Borrowers may use borrow, repay and reborrow at any time prior to the Revolving Facility Termination Date. The Revolving Commitments by borrowing, prepaying shall expire on the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Bemis Co Inc)

Revolving Commitments. (a) Subject to Each Revolving Lender severally agrees, on the terms and conditions hereofset forth herein, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies an Offshore Currency to a Borrower (each such loan, a "Revolving Loans, “Foreign Currency Loans”Loan") to the Borrowers from time to time on any Business Day during the Revolving period from the Closing Date to the Commitment Period Termination Date, in an aggregate principal amount Equivalent Amount not to exceed at any one time outstanding which, when added 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 use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency for purposes hereof Swingline Loans) then outstanding, (iimade on such Business Day) such Lender’s Swingline Exposure then outstanding, does not exceed less the amount Effective Amount of such Lender’s Revolving Commitment and (iii) the Total Revolving Extensions all outstanding Letter of Credit outstanding at Obligations (after giving effect to the Letters of Credit Issued on such time (including the Dollar Equivalent Business Day). The commitment of each Revolving Lender described in this Section 2.1(a) is herein referred to as such Revolving Lender's "Revolving Commitment" and, with respect to any Revolving Extensions 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 Credit outstanding in currencies other than Dollars) does not exceed this Agreement. Within the Total limits of each Revolving Commitments. During the Lender's Revolving Commitment Period the Borrowers 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. , any Borrower may borrow Revolving Loans may from under this Section 2.1, prepay under Section 2.6 and reborrow Revolving Loans under this Section 2.1. All Credit Extensions denominated in an Offshore Currency shall not at any time to time be Eurocurrency Loans or (other than in exceed the case of Foreign Offshore Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13Sublimit.

Appears in 1 contract

Samples: Credit Agreement (Trylon Corp/Mi/)

Revolving Commitments. (a) Subject to the terms and conditions hereof, (i) each US$ Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans in Dollars (“US$ Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Parent Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s US$ Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Swingline Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s US$ Revolving Commitment and (iiiii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans in Dollars and each Alternative Currency (“Multicurrency Revolving Loans”) to the Total Parent Borrower and the Foreign Subsidiary Borrowers from time to time during the Revolving Extensions of Credit Commitment Period in an aggregate principal amount at any one time outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) which does not exceed the Total such Lender’s Multicurrency Revolving CommitmentsCommitment. During the Revolving Commitment Period the relevant 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 Eurocurrency Loans or (other than or, in the case of Foreign Currency Loans) Revolving Loans denominated in Dollars, ABR Loans, as determined by the applicable relevant Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.12. No Revolving Loans shall be made if the Revolving Extensions of Credit would exceed the Revolving Commitment.

Appears in 1 contract

Samples: Credit Agreement (Roper Industries Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers 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 (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency each of the aggregate outstanding amount of any Revolving Loans) then outstanding, (ii) any Swingline Loans, the aggregate undrawn amount of all outstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Borrower and owing to such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and Commitment. In addition, (iiii) the amount of the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does shall not exceed the Total Revolving CommitmentsCommitments in effect at such time and (ii) the Dollar Equivalent of all Revolving Loans funded in Foreign Currencies and the aggregate L/C Exposure with respect to Foreign Currency Letters of Credit shall not exceed the Foreign Currency Sublimit. During the Revolving Commitment Period the Borrowers 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 Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurocurrency Loan.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Fitbit Inc)

Revolving Commitments. (axiv) Subject to the terms and conditions hereof, each Lender holding a Initial Revolving Lender (acting through any of its branches or affiliates) Commitment severally agrees to make revolving credit loans (together, the Initial Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers (on a joint and several basis as between the Borrowers) from time to time in Dollars or, at the request of the Parent Borrower, in any Designated Foreign Currency during the Initial Revolving Commitment Period in an aggregate principal amount at any one time outstanding the Dollar Equivalent of which, when added to such Lender’s Revolving Commitment Percentage of the sum of the Dollar Equivalent of the then outstanding Revolving L/C Obligations and the then outstanding Swing Line Loans, does not exceed the amount of such Xxxxxx’s Revolving Commitment then in effect (after giving effect to the use of the proceeds thereofthereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) (it being understood and agreed that the Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Revolving Loans in any Designated Foreign Currency and, to the sum of (i) such Lender’s extent applicable, the then outstanding Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent in respect of any Revolving Extensions Letters of Credit outstanding denominated in currencies other than Dollars) does not exceed the Total Revolving Commitments. During the Revolving Commitment Period the 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. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of any Designated Foreign Currency Loans) ABR Loans, as determined by on the applicable date on which the Parent Borrower and notified to has given the Administrative Agent in accordance a notice of borrowing with Sections 2.5 and 2.13.respect 103

Appears in 1 contract

Samples: Credit Agreement (Hertz Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each such loan, a Committed Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency LoansLoan”) to the Borrowers 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 (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and Commitment; provided, however, that after giving effect to any Committed Revolving Borrowing, (iiii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does Outstandings shall not exceed the Total Aggregate Revolving Commitments. During , and (ii) the Revolving Commitment Period aggregate Outstanding Amount of the Borrowers may use the Revolving Commitments by borrowing, prepaying the Committed Revolving Loans in whole or in partof any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. 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 2.05, and reborrow under this Section 2.01. Committed Revolving Loans may from time to time be Eurocurrency Base Rate Loans or (other than in the case of Foreign Currency Loans) ABR Eurodollar Rate Loans, as determined by further provided herein; provided, however, all Borrowings made on the applicable 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 2.13at least one (1) Business Day prior to the Closing Date, for any Eurodollar Rate Loans requested to be made on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Citrix Systems Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans ("Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”") to the Borrowers 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 Commitment Percentage of the sum of the then outstanding L/C Obligations, the aggregate principal amount of then outstanding Swing Line Loans and the Dollar Equivalent of the then outstanding principal amount of Fronted Offshore Loans (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding), does not exceed the amount of such Revolving Lender’s 's Revolving Commitment and provided that, after giving effect to such Revolving Loan and the use of proceeds thereof, (i) the Dollar Equivalent of the aggregate outstanding principal amount of Offshore Currency Loans does not exceed the Offshore Currency Sublimit for all Offshore Currency Loans, (ii) the Dollar Equivalent of the aggregate outstanding principal amount of Offshore Currency Loans in any Offshore Currency does not exceed the Offshore Currency Sublimit for Offshore Currency Loans in such Offshore Currency and (iii) the Total aggregate outstanding principal amount of all Revolving Extensions of Credit outstanding at such time (including Loans made in Dollars to any Subsidiary Borrower shall not, together with the Dollar Equivalent of any all outstanding Revolving Extensions of Credit outstanding in currencies other than Dollars) does not Offshore Loans made to such Subsidiary Borrower, exceed the Total Revolving Commitments$75,000,000. During the Revolving Commitment Period the Borrowers Period, each 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. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Young & Rubicam Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers 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 (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of any then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn amount of all then outstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans (including Loans, incurred on behalf of the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) Borrower and owing to such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and (iii) Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent after giving effect to any requested borrowing of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does Loans shall not exceed the Total Available Revolving CommitmentsCommitments then in effect. During the Revolving Commitment Period Period, the Borrowers Borrower may use the Available Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowingborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.132.11. Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurodollar Loan.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Extreme Networks Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) Loans to the Borrowers 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 (after giving effect to the use of proceeds thereof) to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans (under the sum of (xRevolving Facility) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Revolving Lender’s Swingline L/C Exposure then outstanding(under the Revolving Facility), if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment and (iii) Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time (including time, after giving effect to the Dollar Equivalent making of any such Revolving Extensions of Credit outstanding in currencies other than Dollars) does Loans, shall not exceed the Total Revolving CommitmentsCommitments (under the Revolving Facility) in effect at such time. During the Revolving Commitment Period applicable to the Borrowers 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 Eurocurrency Eurodollar Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurodollar Loan.

Appears in 1 contract

Samples: Credit Agreement (FTC Solar, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then aggregate outstanding and (y) the aggregate principal amount of the Revolving Loans (including Swingline Loans, the Dollar Equivalent of Foreign Currency the aggregate undrawn amount of all outstanding Letters of Credit, and the 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) then outstanding, (ii) incurred on behalf of the Borrower and owing to such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding Commitment. In addition, such aggregate obligations shall not at such any time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving CommitmentsCommitments in effect at such time. During the Revolving Commitment Period the Borrowers 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 Eurocurrency SOFR Loans or (other than in the case of Foreign Currency Loans) 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 SOFR Borrowings outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (SmartRent, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time (including the Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving Commitments. During the Revolving Commitment Period the 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. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans or Term Benchmark Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 1 contract

Samples: Credit Agreement (Tempur Sealy International, Inc.)

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