{"component": "clause", "props": {"groups": [{"snippet": "(a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (\u201cRevolving Loans\u201d) to the Borrower from time to time on any Business Day during the Commitment Period, at such times as the Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender\u2019s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding, does not exceed the amount of such Lender\u2019s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans would exceed the aggregate Loan Value of the Pledged Eligible Assets (including the Pledged Eligible Assets referred to in Section 2.2(a)(ii) with respect to such Revolving Loan) and (iii) no Borrowing Base B Loans shall be made to the extent that the aggregate amount of all Borrowing Base B Loans would exceed the Borrowing Base B Limit; provided further that Borrowing Base B Loans may not be borrowed on any date in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, the Borrower may borrow, prepay the Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof.\n(b) The Borrower shall repay all outstanding Revolving Loans on the Termination Date.\n(c) The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender\u2019s failure to make Revolving Loans as required.", "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [15, 39]}, {"key": "each-lender", "type": "clause", "offset": [48, 59]}, {"key": "agrees-to", "type": "clause", "offset": [70, 79]}, {"key": "make-revolving-credit-loans", "type": "clause", "offset": [80, 107]}, {"key": "to-the-borrower", "type": "clause", "offset": [128, 143]}, {"key": "from-time-to-time", "type": "clause", "offset": [144, 161]}, {"key": "business-day", "type": "definition", "offset": [169, 181]}, {"key": "during-the-commitment-period", "type": "clause", "offset": [182, 210]}, {"key": "in-accordance-with", "type": "definition", "offset": [254, 272]}, {"key": "section-22", "type": "clause", "offset": [273, 284]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [292, 318]}, {"key": "applicable-percentage", "type": "definition", "offset": [382, 403]}, {"key": "amount-of-swingline-loans", "type": "clause", "offset": [431, 456]}, {"key": "loan-shall", "type": "definition", "offset": [572, 582]}, {"key": "to-the-extent", "type": "clause", "offset": [591, 604]}, {"key": "unpaid-principal-amount", "type": "definition", "offset": [619, 642]}, {"key": "all-loans", "type": "clause", "offset": [646, 655]}, {"key": "total-commitments", "type": "definition", "offset": [673, 690]}, {"key": "loans-shall", "type": "definition", "offset": [717, 728]}, {"key": "aggregate-loan-value", "type": "definition", "offset": [841, 861]}, {"key": "pledged-eligible-assets", "type": "definition", "offset": [869, 892]}, {"key": "with-respect-to", "type": "clause", "offset": [966, 981]}, {"key": "borrowing-base-b-loans", "type": "definition", "offset": [1016, 1038]}, {"key": "aggregate-amount", "type": "definition", "offset": [1076, 1092]}, {"key": "borrowing-base-b-limit", "type": "definition", "offset": [1140, 1162]}, {"key": "period-of", "type": "definition", "offset": [1256, 1265]}, {"key": "consecutive-days", "type": "definition", "offset": [1269, 1285]}, {"key": "the-revolving-loans", "type": "clause", "offset": [1436, 1455]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1551, 1569]}, {"key": "outstanding-revolving-loans", "type": "definition", "offset": [1580, 1607]}, {"key": "termination-date", "type": "clause", "offset": [1615, 1631]}, {"key": "other-lender", "type": "definition", "offset": [1738, 1750]}, {"key": "provided-that", "type": "definition", "offset": [1781, 1794]}, {"key": "commitments-of-the-lenders", "type": "clause", "offset": [1799, 1825]}, {"key": "no-lender", "type": "clause", "offset": [1842, 1851]}, {"key": "responsible-for", "type": "clause", "offset": [1861, 1876]}, {"key": "failure-to-make-revolving-loans", "type": "clause", "offset": [1896, 1927]}, {"key": "as-required", "type": "clause", "offset": [1928, 1939]}], "samples": [{"hash": "lvCDEcIHU97", "uri": "/contracts/lvCDEcIHU97#revolving-commitments", "label": "Credit Agreement (Investment Technology Group, Inc.)", "score": 28.1622180939, "published": true}, {"hash": "i95MuryzkSZ", "uri": "/contracts/i95MuryzkSZ#revolving-commitments", "label": "Credit Agreement (Investment Technology Group, Inc.)", "score": 27.1615333557, "published": true}, {"hash": "bXSjgdwpoXy", "uri": "/contracts/bXSjgdwpoXy#revolving-commitments", "label": "Credit Agreement (Investment Technology Group, Inc.)", "score": 25.2053394318, "published": true}], "size": 251, "hash": "e7d79ad7dfa2fb2ce1ef14f07132ae31", "id": 1}, {"snippet": "If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans and Swing Line Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect.", "snippet_links": [{"key": "for-any-reason", "type": "clause", "offset": [3, 17]}, {"key": "total-revolving-outstandings", "type": "definition", "offset": [22, 50]}, {"key": "at-any-time", "type": "clause", "offset": [51, 62]}, {"key": "aggregate-revolving-commitments", "type": "clause", "offset": [74, 105]}, {"key": "in-effect", "type": "definition", "offset": [111, 120]}, {"key": "the-borrower-shall", "type": "clause", "offset": [122, 140]}, {"key": "cash-collateralize", "type": "clause", "offset": [207, 225]}, {"key": "the-l", "type": "clause", "offset": [226, 231]}, {"key": "aggregate-amount", "type": "definition", "offset": [252, 268]}, {"key": "equal-to", "type": "definition", "offset": [269, 277]}, {"key": "pursuant-to", "type": "definition", "offset": [392, 403]}, {"key": "prepayment-in-full", "type": "definition", "offset": [445, 463]}, {"key": "revolving-loans-and-swing-line-loans", "type": "clause", "offset": [471, 507]}], "samples": [{"hash": "9iPG49C5mqG", "uri": "/contracts/9iPG49C5mqG#revolving-commitments", "label": "Credit Agreement (Cadence Design Systems Inc)", "score": 35.6201248169, "published": true}, {"hash": "adVmp5bNr4P", "uri": "/contracts/adVmp5bNr4P#revolving-commitments", "label": "Credit Agreement (Qorvo, Inc.)", "score": 35.3162231445, "published": true}, {"hash": "gEHHtqkcHOl", "uri": "/contracts/gEHHtqkcHOl#revolving-commitments", "label": "Credit Agreement (Cadence Design Systems Inc)", "score": 32.4962348938, "published": true}], "size": 183, "hash": "23977118b93e89c8bc50ed4c47ebaeb0", "id": 2}, {"snippet": "During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make Revolving Loans to Borrower in an aggregate amount up to but not exceeding such Lender\u2019s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect. Amounts borrowed pursuant to this Section 2.2(a) may be repaid and reborrowed during the Revolving Commitment Period. Each Lender\u2019s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.", "snippet_links": [{"key": "revolving-commitment-period", "type": "definition", "offset": [11, 38]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [51, 75]}, {"key": "each-lender", "type": "clause", "offset": [84, 95]}, {"key": "agrees-to", "type": "clause", "offset": [106, 115]}, {"key": "loans-to-borrower", "type": "clause", "offset": [131, 148]}, {"key": "aggregate-amount", "type": "definition", "offset": [155, 171]}, {"key": "after-giving", "type": "clause", "offset": [247, 259]}, {"key": "in-no-event-shall", "type": "clause", "offset": [304, 321]}, {"key": "total-utilization-of-revolving-commitments", "type": "definition", "offset": [326, 368]}, {"key": "the-revolving-commitments", "type": "clause", "offset": [376, 401]}, {"key": "in-effect", "type": "definition", "offset": [407, 416]}, {"key": "amounts-borrowed-pursuant-to-this", "type": "clause", "offset": [418, 451]}, {"key": "revolving-commitment-termination-date", "type": "definition", "offset": [591, 628]}, {"key": "all-revolving-loans", "type": "clause", "offset": [633, 652]}, {"key": "other-amounts-owed", "type": "clause", "offset": [661, 679]}, {"key": "with-respect-to", "type": "clause", "offset": [690, 705]}, {"key": "the-revolving-loans", "type": "clause", "offset": [706, 725]}, {"key": "paid-in-full", "type": "clause", "offset": [765, 777]}], "samples": [{"hash": "8cjHWyjXesG", "uri": "/contracts/8cjHWyjXesG#revolving-commitments", "label": "Credit and Guaranty Agreement (8point3 Energy Partners LP)", "score": 26.434633255, "published": true}, {"hash": "49ifBpXwb9U", "uri": "/contracts/49ifBpXwb9U#revolving-commitments", "label": "Credit and Guaranty Agreement (TerraForm Power, Inc.)", "score": 25.5612602234, "published": true}, {"hash": "exO4PILmQZp", "uri": "/contracts/exO4PILmQZp#revolving-commitments", "label": "Credit and Guaranty Agreement (Gramercy Property Trust Inc.)", "score": 24.7453804016, "published": true}], "size": 157, "hash": "5c93ede93daef829d7eb80c90f3bee83", "id": 3}, {"snippet": "(a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (\u201cRevolving Loans\u201d) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender\u2019s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender\u2019s Revolving Commitment. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.\n(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.", "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [15, 39]}, {"key": "revolving-lender", "type": "definition", "offset": [53, 69]}, {"key": "agrees-to", "type": "clause", "offset": [80, 89]}, {"key": "make-revolving-credit-loans", "type": "clause", "offset": [90, 117]}, {"key": "to-the-borrower", "type": "clause", "offset": [138, 153]}, {"key": "from-time-to-time", "type": "clause", "offset": [154, 171]}, {"key": "revolving-commitment-period", "type": "definition", "offset": [183, 210]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [217, 243]}, {"key": "revolving-percentage", "type": "definition", "offset": [307, 327]}, {"key": "sum-of", "type": "clause", "offset": [335, 341]}, {"key": "the-l", "type": "clause", "offset": [346, 351]}, {"key": "the-swingline-loans", "type": "clause", "offset": [426, 445]}, {"key": "the-revolving-commitments", "type": "clause", "offset": [590, 615]}, {"key": "the-revolving-loans", "type": "clause", "offset": [640, 659]}, {"key": "in-accordance-with", "type": "definition", "offset": [702, 720]}, {"key": "eurodollar-loans", "type": "clause", "offset": [799, 815]}, {"key": "abr-loans", "type": "clause", "offset": [819, 828]}, {"key": "by-the-borrower", "type": "clause", "offset": [844, 859]}, {"key": "the-administrative-agent", "type": "definition", "offset": [876, 900]}, {"key": "the-borrower-shall", "type": "clause", "offset": [947, 965]}, {"key": "outstanding-revolving-loans", "type": "definition", "offset": [976, 1003]}, {"key": "revolving-termination-date", "type": "clause", "offset": [1011, 1037]}], "samples": [{"hash": "cGPCB9MsLbe", "uri": "/contracts/cGPCB9MsLbe#revolving-commitments", "label": "Credit Agreement (Universal Health Services Inc)", "score": 25.61054039, "published": true}, {"hash": "5wRpYMR7T8U", "uri": "/contracts/5wRpYMR7T8U#revolving-commitments", "label": "Credit Agreement (Advent Software Inc /De/)", "score": 24.4469547272, "published": true}, {"hash": "8l1JjHPhrSs", "uri": "/contracts/8l1JjHPhrSs#revolving-commitments", "label": "First Lien Credit Agreement (WEB.COM Group, Inc.)", "score": 23.893907547, "published": true}], "size": 137, "hash": "8963d7509671f0f16fff70038d2af7be", "id": 4}, {"snippet": "(a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a \u201cRevolving Loan\u201d and, collectively, the \u201cRevolving Loans\u201d) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to such Revolving Lender\u2019s L/C Exposure and/or any Swingline Loans, if any, at such time, does not exceed the amount of such Revolving Lender\u2019s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. 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.\n(b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances) on the Revolving Termination Date.", "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [15, 39]}, {"key": "revolving-lender", "type": "definition", "offset": [53, 69]}, {"key": "agrees-to", "type": "clause", "offset": [80, 89]}, {"key": "make-revolving-credit-loans", "type": "clause", "offset": [90, 117]}, {"key": "to-the-borrower", "type": "clause", "offset": [186, 201]}, {"key": "from-time-to-time", "type": "clause", "offset": [202, 219]}, {"key": "revolving-commitment-period", "type": "definition", "offset": [231, 258]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [265, 291]}, {"key": "swingline-loans", "type": "definition", "offset": [415, 430]}, {"key": "total-revolving-extensions-of-credit", "type": "definition", "offset": [549, 585]}, {"key": "after-giving", "type": "clause", "offset": [612, 624]}, {"key": "total-revolving-commitments", "type": "definition", "offset": [692, 719]}, {"key": "in-effect", "type": "definition", "offset": [720, 729]}, {"key": "the-revolving-commitments", "type": "clause", "offset": [804, 829]}, {"key": "the-revolving-loans", "type": "clause", "offset": [854, 873]}, {"key": "in-accordance-with", "type": "definition", "offset": [916, 934]}, {"key": "eurodollar-loans", "type": "clause", "offset": [1013, 1029]}, {"key": "abr-loans", "type": "clause", "offset": [1033, 1042]}, {"key": "by-the-borrower", "type": "clause", "offset": [1058, 1073]}, {"key": "the-administrative-agent", "type": "definition", "offset": [1090, 1114]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [1157, 1207]}, {"key": "a-default", "type": "definition", "offset": [1240, 1249]}, {"key": "an-event-of-default", "type": "clause", "offset": [1253, 1272]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1367, 1385]}, {"key": "outstanding-revolving-loans", "type": "definition", "offset": [1396, 1423]}, {"key": "revolving-termination-date", "type": "clause", "offset": [1460, 1486]}], "samples": [{"hash": "3V7L3JjNf46", "uri": "/contracts/3V7L3JjNf46#revolving-commitments", "label": "Credit Agreement (Carbonite Inc)", "score": 29.2108154297, "published": true}, {"hash": "g0A2M5Gzm2G", "uri": "/contracts/g0A2M5Gzm2G#revolving-commitments", "label": "Credit Agreement (Carbonite Inc)", "score": 26.3415470123, "published": true}], "size": 103, "hash": "fbb7167f799bbaed5ed88c4b3eff4a21", "id": 5}, {"snippet": "(a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a \u201cRevolving Loan\u201d and, collectively, the \u201cRevolving Loans\u201d) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such \u2587\u2587\u2587\u2587\u2587\u2587\u2019s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time.\n(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.", "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [15, 39]}, {"key": "revolving-lender", "type": "definition", "offset": [53, 69]}, {"key": "agrees-to", "type": "clause", "offset": [80, 89]}, {"key": "make-revolving-credit-loans", "type": "clause", "offset": [90, 117]}, {"key": "to-the-borrower", "type": "clause", "offset": [186, 201]}, {"key": "from-time-to-time", "type": "clause", "offset": [202, 219]}, {"key": "revolving-commitment-period", "type": "definition", "offset": [231, 258]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [265, 291]}, {"key": "aggregate-outstanding-amount", "type": "definition", "offset": [345, 373]}, {"key": "the-swingline-loans", "type": "clause", "offset": [377, 396]}, {"key": "outstanding-letters-of-credit", "type": "definition", "offset": [452, 481]}, {"key": "aggregate-dollar-equivalent-amount", "type": "definition", "offset": [491, 525]}, {"key": "of-the-borrower", "type": "clause", "offset": [658, 673]}, {"key": "in-addition", "type": "clause", "offset": [766, 777]}, {"key": "obligations-shall", "type": "definition", "offset": [794, 811]}, {"key": "at-any-time", "type": "clause", "offset": [816, 827]}, {"key": "total-revolving-commitments", "type": "definition", "offset": [839, 866]}, {"key": "in-effect", "type": "definition", "offset": [867, 876]}, {"key": "the-revolving-commitments", "type": "clause", "offset": [951, 976]}, {"key": "the-revolving-loans", "type": "clause", "offset": [1001, 1020]}, {"key": "in-accordance-with", "type": "definition", "offset": [1063, 1081]}, {"key": "sofr-loans", "type": "definition", "offset": [1160, 1170]}, {"key": "abr-loans", "type": "clause", "offset": [1174, 1183]}, {"key": "by-the-borrower", "type": "clause", "offset": [1199, 1214]}, {"key": "the-administrative-agent", "type": "definition", "offset": [1231, 1255]}, {"key": "provided-that", "type": "definition", "offset": [1368, 1381]}, {"key": "sofr-borrowings-outstanding", "type": "clause", "offset": [1433, 1460]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1478, 1496]}, {"key": "outstanding-revolving-loans", "type": "definition", "offset": [1507, 1534]}, {"key": "revolving-termination-date", "type": "clause", "offset": [1542, 1568]}], "samples": [{"hash": "5l8MK4274Td", "uri": "/contracts/5l8MK4274Td#revolving-commitments", "label": "Credit Agreement (Appian Corp)", "score": 35.332649231, "published": true}, {"hash": "b0vuBQPa8j4", "uri": "/contracts/b0vuBQPa8j4#revolving-commitments", "label": "Credit Agreement (Appian Corp)", "score": 34.5852165222, "published": true}, {"hash": "laqrZpPnnt2", "uri": "/contracts/laqrZpPnnt2#revolving-commitments", "label": "Credit Agreement (Appian Corp)", "score": 34.1252555847, "published": true}], "size": 94, "hash": "2e285a735cb5b531ad14c3858b2444df", "id": 6}, {"snippet": "(i) Each Revolving Lender severally, and not jointly with the other Revolving Lenders, agrees, upon the terms and subject to the conditions herein set forth, to make revolving credit loans denominated in Dollars (each a \u201cRevolving Loan\u201d and collectively, the \u201cRevolving Loans\u201d) to the Borrower at any time and from time to time during the Revolving Availability Period in an aggregate principal amount not to exceed, when added to such Revolving Lender\u2019s LC Exposure, the Revolving Commitment of such Revolving Lender, which Revolving Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Revolving Loans plus the LC Exposure exceed the Total Revolving Commitment.\n(ii) Each Borrowing of a Revolving Loan shall be made from the Revolving Lenders pro rata in accordance with their respective Revolving Commitments; provided, however, that the failure of any Revolving Lender to make any Revolving Loan shall not in itself relieve the other Revolving Lenders of their obligations to lend.", "snippet_links": [{"key": "revolving-lenders", "type": "clause", "offset": [68, 85]}, {"key": "terms-and", "type": "clause", "offset": [104, 113]}, {"key": "the-conditions", "type": "clause", "offset": [125, 139]}, {"key": "loans-denominated-in-dollars", "type": "clause", "offset": [183, 211]}, {"key": "to-the-borrower", "type": "clause", "offset": [278, 293]}, {"key": "at-any-time", "type": "clause", "offset": [294, 305]}, {"key": "from-time-to-time", "type": "clause", "offset": [310, 327]}, {"key": "revolving-availability-period", "type": "definition", "offset": [339, 368]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [395, 415]}, {"key": "lc-exposure", "type": "clause", "offset": [455, 466]}, {"key": "the-revolving-commitment", "type": "clause", "offset": [468, 492]}, {"key": "in-accordance-with-the-provisions-of-this-agreement", "type": "definition", "offset": [570, 621]}, {"key": "sum-of", "type": "clause", "offset": [644, 650]}, {"key": "the-revolving-loans", "type": "clause", "offset": [702, 721]}, {"key": "total-revolving-commitment", "type": "clause", "offset": [754, 780]}, {"key": "each-borrowing", "type": "clause", "offset": [787, 801]}, {"key": "loan-shall", "type": "definition", "offset": [817, 827]}, {"key": "pro-rata", "type": "clause", "offset": [863, 871]}], "samples": [{"hash": "iGyZZPAGnKO", "uri": "/contracts/iGyZZPAGnKO#revolving-commitments", "label": "Credit and Guaranty Agreement (American Airlines, Inc.)", "score": 37.1834373474, "published": true}, {"hash": "3BrnWRn6pjO", "uri": "/contracts/3BrnWRn6pjO#revolving-commitments", "label": "Credit and Guaranty Agreement (American Airlines, Inc.)", "score": 37.1834373474, "published": true}, {"hash": "90RfcpAm742", "uri": "/contracts/90RfcpAm742#revolving-commitments", "label": "Credit and Guaranty Agreement (American Airlines, Inc.)", "score": 35.9760437012, "published": true}], "size": 49, "hash": "1e8a859da259cfa5af68b6f5a8cd6713", "id": 7}, {"snippet": "(a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make or maintain, as applicable, revolving loans (\u201cRevolving Loans\u201d) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender\u2019s Revolving Extensions of Credit, does not exceed the amount of such Lender\u2019s Revolving Commitment. During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying and re-borrowing the Revolving Loans in whole or in part, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.10.\n(b) The Borrower shall repay all outstanding Revolving Loans and Revolving L/C Advances on the Revolving Facility Maturity Date.", "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [15, 39]}, {"key": "revolving-lender", "type": "definition", "offset": [53, 69]}, {"key": "agrees-to", "type": "clause", "offset": [80, 89]}, {"key": "to-the-borrower", "type": "clause", "offset": [159, 174]}, {"key": "from-time-to-time", "type": "clause", "offset": [175, 192]}, {"key": "revolving-commitment-period", "type": "definition", "offset": [204, 231]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [238, 264]}, {"key": "revolving-extensions-of-credit", "type": "definition", "offset": [328, 358]}, {"key": "the-revolving-commitments", "type": "clause", "offset": [487, 512]}, {"key": "the-revolving-loans", "type": "clause", "offset": [554, 573]}, {"key": "in-accordance-with", "type": "definition", "offset": [599, 617]}, {"key": "eurodollar-loans", "type": "clause", "offset": [696, 712]}, {"key": "abr-loans", "type": "clause", "offset": [716, 725]}, {"key": "by-the-borrower", "type": "clause", "offset": [741, 756]}, {"key": "the-administrative-agent", "type": "definition", "offset": [773, 797]}, {"key": "the-borrower-shall", "type": "clause", "offset": [844, 862]}, {"key": "outstanding-revolving-loans", "type": "definition", "offset": [873, 900]}, {"key": "revolving-facility-maturity-date", "type": "definition", "offset": [935, 967]}], "samples": [{"hash": "ahqs1FrFKxO", "uri": "/contracts/ahqs1FrFKxO#revolving-commitments", "label": "Credit Agreement (REV Renewables, Inc.)", "score": 33.2190284729, "published": true}, {"hash": "kO55Dc6Y7cZ", "uri": "/contracts/kO55Dc6Y7cZ#revolving-commitments", "label": "Credit Agreement (REV Renewables, Inc.)", "score": 33.0246391296, "published": true}], "size": 42, "hash": "2daca6e3a6be84f933591acc9a629106", "id": 8}, {"snippet": "(a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (\u201cRevolving Loans\u201d) 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 any application of proceeds of such Revolving Loans pursuant to Section 2.6 or to reimburse the Issuing Lender pursuant to Section 3.5) to the sum of (i) such Lender\u2019s Revolving Percentage of the L/C Obligations then outstanding and (ii) such Lender\u2019s Swingline Exposure then outstanding, does not exceed the amount of such Lender\u2019s Revolving Commitment. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.\n(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.", "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [15, 39]}, {"key": "revolving-lender", "type": "definition", "offset": [53, 69]}, {"key": "agrees-to", "type": "clause", "offset": [80, 89]}, {"key": "make-revolving-credit-loans", "type": "clause", "offset": [90, 117]}, {"key": "to-the-borrower", "type": "clause", "offset": [138, 153]}, {"key": "from-time-to-time", "type": "clause", "offset": [154, 171]}, {"key": "revolving-commitment-period", "type": "definition", "offset": [183, 210]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [217, 243]}, {"key": "after-giving", "type": "clause", "offset": [291, 303]}, {"key": "application-of-proceeds", "type": "clause", "offset": [318, 341]}, {"key": "section-26", "type": "clause", "offset": [378, 389]}, {"key": "to-reimburse", "type": "definition", "offset": [393, 405]}, {"key": "the-issuing-lender", "type": "clause", "offset": [406, 424]}, {"key": "section-35", "type": "clause", "offset": [437, 448]}, {"key": "sum-of", "type": "clause", "offset": [457, 463]}, {"key": "revolving-percentage", "type": "definition", "offset": [482, 502]}, {"key": "the-l", "type": "clause", "offset": [506, 511]}, {"key": "swingline-exposure", "type": "definition", "offset": [566, 584]}, {"key": "the-revolving-commitments", "type": "clause", "offset": [729, 754]}, {"key": "the-revolving-loans", "type": "clause", "offset": [779, 798]}, {"key": "in-accordance-with", "type": "definition", "offset": [841, 859]}, {"key": "eurodollar-loans", "type": "clause", "offset": [938, 954]}, {"key": "abr-loans", "type": "clause", "offset": [958, 967]}, {"key": "by-the-borrower", "type": "clause", "offset": [983, 998]}, {"key": "the-administrative-agent", "type": "definition", "offset": [1015, 1039]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1086, 1104]}, {"key": "outstanding-revolving-loans", "type": "definition", "offset": [1115, 1142]}, {"key": "revolving-termination-date", "type": "clause", "offset": [1150, 1176]}], "samples": [{"hash": "ld128Y5z3P9", "uri": "/contracts/ld128Y5z3P9#revolving-commitments", "label": "First Lien Credit Agreement (Bioventus Inc.)", "score": 27.5462017059, "published": true}, {"hash": "jN0hubWrH8Z", "uri": "/contracts/jN0hubWrH8Z#revolving-commitments", "label": "First Lien Credit Agreement (Bioventus Inc.)", "score": 27.5462017059, "published": true}, {"hash": "ixLmjsfqHQG", "uri": "/contracts/ixLmjsfqHQG#revolving-commitments", "label": "First Lien Credit Agreement (Bioventus Inc.)", "score": 27.5462017059, "published": true}], "size": 32, "hash": "b87a061ec2c0d1eab5b6c548c4f6a5d2", "id": 9}, {"snippet": "During the Revolving Commitment Period, subject to the terms and conditions hereof, the Lender agrees from time to time to make loans to the Borrower (each a \"Revolving Loan\" and collectively, the \"Revolving Loans\") in an aggregate amount up to but not exceeding the Revolving Commitment; provided, that after giving effect to the making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the lesser of (i) the Revolving Commitments then in effect and (ii) the Borrowing Base. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed during the Revolving Commitment Period. The Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.", "snippet_links": [{"key": "revolving-commitment-period", "type": "definition", "offset": [11, 38]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [51, 75]}, {"key": "the-lender", "type": "clause", "offset": [84, 94]}, {"key": "from-time-to-time", "type": "clause", "offset": [102, 119]}, {"key": "to-the-borrower", "type": "clause", "offset": [134, 149]}, {"key": "aggregate-amount", "type": "definition", "offset": [222, 238]}, {"key": "after-giving", "type": "clause", "offset": [304, 316]}, {"key": "in-no-event-shall", "type": "clause", "offset": [361, 378]}, {"key": "total-utilization-of-revolving-commitments", "type": "definition", "offset": [383, 425]}, {"key": "lesser-of", "type": "definition", "offset": [437, 446]}, {"key": "the-revolving-commitments", "type": "clause", "offset": [451, 476]}, {"key": "in-effect", "type": "definition", "offset": [482, 491]}, {"key": "borrowing-base", "type": "definition", "offset": [505, 519]}, {"key": "amounts-borrowed-pursuant-to-this", "type": "clause", "offset": [521, 554]}, {"key": "revolving-commitment-termination-date", "type": "definition", "offset": [684, 721]}, {"key": "all-revolving-loans", "type": "clause", "offset": [726, 745]}, {"key": "other-amounts-owed", "type": "clause", "offset": [754, 772]}, {"key": "with-respect-to", "type": "clause", "offset": [783, 798]}, {"key": "the-revolving-loans", "type": "clause", "offset": [799, 818]}, {"key": "paid-in-full", "type": "clause", "offset": [858, 870]}], "samples": [{"hash": "kiXlBDDSytm", "uri": "/contracts/kiXlBDDSytm#revolving-commitments", "label": "Revolving Credit Agreement (Consumer Portfolio Services Inc)", "score": 21.0, "published": true}, {"hash": "hQl5nn2gnyY", "uri": "/contracts/hQl5nn2gnyY#revolving-commitments", "label": "Revolving Credit Agreement (Consumer Portfolio Services Inc)", "score": 21.0, "published": true}], "size": 32, "hash": "33f841ac8fbd93d701186637843257a8", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih5yZXZvbHZpbmctY29tbWl0bWVudHMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Revolving Commitments", "children": [["lenders-not-permitted-or-required-to-make-loans", "Lenders Not Permitted or Required To Make Loans"], ["us-revolving-commitments", "U.S. Revolving Commitments"], ["revolving-loans", "Revolving Loans"], ["", ""], ["revolving-commitment-of-each-lender", "Revolving Commitment of Each Lender"]], "size": 2253, "parents": [["amount-and-terms-of-commitments", "Amount and Terms of Commitments"], ["prepayments", "Prepayments"], ["mandatory-prepayments-of-loans", "Mandatory Prepayments of Loans"], ["revolving-loans", "Revolving Loans"], ["the-credits", "The Credits"]], "id": "revolving-commitments", "related": [["revolving-credit-commitments", "Revolving Credit Commitments", "Revolving Credit Commitments"], ["loan-commitments", "Loan Commitments", "Loan Commitments"], ["revolving-commitment", "Revolving Commitment", "Revolving Commitment"], ["revolving-credit-commitment", "Revolving Credit Commitment", "Revolving Credit Commitment"], ["revolving-committed-amount", "Revolving Committed Amount", "Revolving Committed Amount"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00", "also_ask": ["What are the most negotiable terms in revolving commitment provisions?", "Which drafting elements are essential to prevent lender overreach or borrower misuse?", "What are the most common pitfalls that render revolving commitments unenforceable?", "How do revolving commitments differ from term loan structures in risk allocation?", "What legal standards do courts apply when interpreting ambiguous revolving commitment clauses?"], "drafting_tip": "Specify the maximum amount and duration of revolving commitments to prevent overextension; define drawdown and repayment procedures to ensure operational clarity; state conditions for renewal or termination to avoid disputes.", "explanation": "A Revolving Commitments clause defines the lender's obligation to make funds available to the borrower up to a specified limit, allowing the borrower to draw, repay, and re-borrow amounts during the term of the agreement. This typically applies to revolving credit facilities, such as lines of credit, where the borrower can access funds as needed, provided they do not exceed the agreed maximum. The core function of this clause is to provide financial flexibility to the borrower while setting clear boundaries on the lender's exposure, thereby facilitating ongoing access to capital for the borrower's operational needs."}, "json": true, "cursor": ""}}