Common use of Revolving Credit Advances Clause in Contracts

Revolving Credit Advances. Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to each Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date; provided that in no event shall the sum of the aggregate amount of all Revolving Credit Advances owed to such Bank outstanding to such Borrower plus the aggregate amount of all Letter of Credit Liabilities held by such Bank for all Letters of Credit issued at the request of such Borrower exceed, at the time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), such Bank’s Revolving Credit Commitment for such Borrower at such time; provided further that in no event shall the sum of the aggregate amount of all Revolving Credit Advances to all Borrowers owed to any Bank plus the aggregate amount of all Letter Credit Liabilities held by such Bank for all Letters of Credit exceed, at the time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), the Revolving Credit Commitment of such Bank for TWC. Each Revolving Credit Borrowing to a Borrower shall be in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made to such Borrower on the same day by the Banks ratably according to their respective Revolving Credit Commitments for such Borrower and, if such Revolving Credit Advances are Eurodollar Rate Advances, having the same Interest Period. Within the limits of this Section 2.1(a), a Borrower may borrow under this Section 2.1(a), prepay pursuant to Section 2.5 and reborrow under this Section 2.1(a).

Revolving Credit Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to each the Borrower from time to time on any Business Day during the period from the Effective Closing Date until the Termination Date; provided that in no event shall the sum of the aggregate amount of all Revolving Credit Advances owed Date applicable to such Bank outstanding to such Borrower plus the aggregate Lender in an amount (based in respect of all Letter of Credit Liabilities held by such Bank for all Letters of Credit issued at the request of such Borrower exceed, at the time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), such Bank’s Revolving Credit Commitment for such Borrower at such time; provided further that in no event shall the sum of the aggregate amount of all Revolving Credit Advances to all Borrowers owed be denominated in a Committed Currency by reference to any Bank plus the aggregate amount Equivalent thereof in Dollars determined on the date of all Letter Credit Liabilities held by such Bank for all Letters delivery of Credit exceed, at the time any applicable Notice of Revolving Credit Advance is made by Borrowing) not to exceed such Bank (and giving effect to such Revolving Credit Advance), the Revolving Credit Commitment of such Bank for TWCLender’s Unused Commitment. Each Revolving Credit Borrowing to a Borrower shall be in an aggregate amount of $5,000,000 not less than the Revolving Credit Borrowing Minimum or an integral multiple of $1,000,000 the Revolving Credit Borrowing Multiple in excess thereof and shall consist of Revolving Credit Advances of the same Type and in the same currency made to such Borrower on the same day by the Banks Lenders ratably according to their respective Revolving Credit Commitments for such Borrower and, if such Revolving Credit Advances are Eurodollar Rate Advances, having the same Interest PeriodCommitments. Within the limits of this Section 2.1(a)each Lender’s Revolving Credit Commitment, a the Borrower may borrow under this Section 2.1(a2.1(a)2.1(a), prepay pursuant to Section 2.5 2.10 and reborrow under this Section 2.1(a2.1(a).2.1(a) (it being understood that (i) Non-Extended Advances may not be prepaid pursuant to Section 2.10 unless the outstanding principal amount of Extended Advances is zero before giving effect to such prepayment and (ii) until the Termination Date with respect to the Non-Extended Commitments, the Borrower may not borrow Extended Advances if there are unused Non-Extended Commitments available at such time).

Revolving Credit Advances. Each Bank Lender severally agrees, on upon the terms and subject to the conditions hereinafter set forthof this Agreement, to make Revolving Credit Advances to each the Borrower from time to time on any Business Day during up to and including the period from Maturity Date in an aggregate amount not to exceed an amount equal to (i) its Specified Percentage of the Effective Date until the Termination Date; provided that in no event shall the sum Commitment less (ii) an amount equal to its Specified Percentage of the aggregate amount of all Revolving Credit Advances owed Reimbursement Obligations then outstanding (assuming compliance with all conditions to such Bank outstanding to such Borrower plus drawing) for the aggregate amount of all Letter of Credit Liabilities held by such Bank for all Letters of Credit issued at purposes set forth in Section 5.20 hereof. Notwithstanding the request of such Borrower exceedimmediately preceding sentence, at the no time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), such Bank’s Revolving Credit Commitment for such Borrower at such time; provided further that in no event shall the sum of (i) the aggregate principal amount of all Revolving Credit Advances to all Borrowers owed to any Bank plus the aggregate amount of all Letter Credit Liabilities held by such Bank for all Letters of Credit exceed, at the time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), the Revolving Credit Commitment of such Bank for TWC. Each Revolving Credit Borrowing to a Borrower shall be in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances outstanding, plus (ii) the aggregate principal amount of Swing Line Advances outstanding, plus (iii) the same Type made aggregate principal amount of all Reimbursement Obligations, plus (iv) the aggregate principal amount of Bid Rate Advances exceed the Commitment. Subject to such Borrower on the same day by the Banks ratably according to their respective Revolving Credit Commitments for such Borrower andSection 2.9 hereof, if such Revolving Credit Advances are Eurodollar Rate may be repaid and then reborrowed. Any Revolving Credit Advance shall, at the option of the Borrower as provided in Section 2.2 hereof (and, in the case of LIBOR Advances, having subject to availability and to the same Interest Period. Within the limits provisions of this Section 2.1(aArticle 8 hereof), be made as a Borrower may borrow under this Section 2.1(a)Base Rate Advance or a LIBOR Advance; provided that there shall not be outstanding to any Lender, prepay pursuant to Section 2.5 and reborrow under this Section 2.1(a)at any one time, more than six LIBOR Advances. On the Maturity Date unless sooner paid as provided herein, the outstanding Revolving Credit Advances shall be repaid in full.

Revolving Credit Advances. Each Bank severally agreesof the Lenders, on relying upon each of the representations and warranties set out in Section 2, hereby agrees with the Borrower that, subject to the terms and conditions hereinafter set forthof this Agreement, it will on the Drawdown Dates make its portion of each Revolving Credit Advance (pro rata in proportion to make its Commitment), as requested by the Borrower, available through the Administrative Agent to the Borrower in an aggregate amount not to exceed at any one time outstanding the-then available Committed Amount, provided, however, that no Revolving Credit Advances shall be made one month prior to each Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date; provided that in no event shall the sum of the aggregate amount of all Revolving Credit Advances owed to such Bank outstanding to such Borrower plus the aggregate amount of all Letter of Credit Liabilities held by such Bank for all Letters of Credit issued at the request of such Borrower exceed, at the time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), such Bank’s Revolving Credit Commitment for such Borrower at such time; provided further that in no event shall the sum of the aggregate amount of all Revolving Credit Advances to all Borrowers owed to any Bank plus the aggregate amount of all Letter Credit Liabilities held by such Bank for all Letters of Credit exceed, at the time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), the Revolving Credit Commitment of such Bank for TWC. Each Revolving Credit Borrowing to a Borrower Advance shall be in an aggregate amount of $5,000,000 or (in an integral multiple of One Million Dollars ($1,000,000 in excess thereof and shall consist of 1,000,000)) equal to or exceeding One Million Dollars ($1,000,000). Each Revolving Credit Advances of Advance shall be repaid in full, as more fully set forth hereinafter, not later than the same Type made to such Borrower on the same day by the Banks ratably according to their respective Revolving Credit Commitments for such Borrower and, if such Revolving Credit Advances are Eurodollar Rate Advances, having the same Interest PeriodTermination Date. Within the limits of this Section 2.1(a)3.2 and upon the conditions herein provided, a the Borrower may from time to time borrow under pursuant to this Section 2.1(a)3.2, prepay repay Revolving Credit Advances pursuant to Section 2.5 5 and reborrow under pursuant to this Section 2.1(a)3.2. The Borrower may convert or continue the Applicable Rate for any Revolving Credit Advance as set forth in Section 6.2. The obligation of each Lender to advance its respective portion of any Revolving Credit Advance shall be several and not joint with the other Lenders. With respect to each Revolving Credit Advance, no Lender shall be obliged to advance to the Borrower (a) with respect to each Revolving Credit Advance, an amount in excess of such Lender’s pro rata share of such Revolving Credit Advance and, (b) when aggregated with all other Advances and Letters of Credit outstanding at any time, an amount in excess of its Commitment.

Revolving Credit Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to each any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date; provided that Date applicable to such Lender in no event shall the sum of the an aggregate amount (based in respect of all Revolving Credit Advances owed to such Bank outstanding to such Borrower plus the aggregate amount of all Letter of Credit Liabilities held by such Bank for all Letters of Credit issued at the request of such Borrower exceed, at the time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), such Bank’s Revolving Credit Commitment for such Borrower at such time; provided further that in no event shall the sum of the aggregate amount of all Revolving Credit Advances to be denominated in a Committed Currency on the Equivalent in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) for all Borrowers owed not to any Bank plus the aggregate amount of all Letter Credit Liabilities held by exceed such Bank for all Letters of Credit exceed, at the time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), the Revolving Credit Commitment of such Bank for TWCLender’s Unused Commitment. Each Revolving Credit Borrowing to a Borrower shall be in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof in the case of Revolving Credit Advances denominated in Dollars and the Equivalent of $5,000,000 or an integral multiple of $1,000,000 in excess thereof in the case of Revolving Credit Advances denominated in any Committed Currency (determined on the date of the applicable Notice of Revolving Credit Borrowing) and shall consist of Revolving Credit Advances of the same Type and in the same currency made to such Borrower on the same day by the Banks Lenders ratably according to their respective Revolving Credit Commitments for such Borrower and, if such Revolving Credit Advances are Eurodollar Rate Advances, having the same Interest PeriodCommitments. Within the limits of this Section 2.1(a)each Lender’s Revolving Credit Commitment, a any Borrower may borrow under this Section 2.1(a2.01(a), prepay pursuant to Section 2.5 2.10 and reborrow under this Section 2.1(a2.01(a).. Interpublic Credit Agreement

Revolving Credit Advances. Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to each Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date; provided that in no event shall the sum of the aggregate amount of all Revolving Credit Advances owed to such Bank outstanding to such Borrower plus the aggregate amount of all Letter of Credit Liabilities held by such Bank for all Letters of Credit issued at the request of such Borrower exceed, at the time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), such Bank’s 's Revolving Credit Commitment for such Borrower at such time; provided further that in no event shall the sum of the aggregate amount of all Revolving Credit Advances to all Borrowers owed to any Bank plus the aggregate amount of all Letter Credit Liabilities held by such Bank for all Letters of Credit exceed, at the time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), the Revolving Credit Commitment of such Bank for TWC. Each Revolving Credit Borrowing to a Borrower shall be in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made to such Borrower on the same day by the Banks ratably according to their respective Revolving Credit Commitments for such Borrower and, if such Revolving Credit Advances are Eurodollar Rate Advances, having the same Interest Period. Within the limits of this Section 2.1(a), a Borrower may borrow under this Section 2.1(a), prepay pursuant to Section 2.5 and reborrow under this Section 2.1(a).

Revolving Credit Advances. Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to each Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date; provided that in no event shall the sum of the aggregate amount of all Revolving Credit Advances owed to such Bank outstanding to such Borrower plus the aggregate amount of all Letter of Credit Liabilities held by such Bank for all Letters of Credit issued at the request of such Borrower exceed, exceed at the any time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), such Bank’s 's Revolving Credit Commitment for such Borrower at such time; provided further that in no event shall the sum of the aggregate amount of all Revolving Credit Advances to all Borrowers owed to any Bank plus the aggregate amount of all Letter Credit Liabilities held by such Bank for all Letters of Credit exceed, at the time any Revolving Credit Advance is made by such Bank (and giving effect to such Revolving Credit Advance), exceed the Revolving Credit Commitment of such Bank for TWC. Each Revolving Credit Borrowing to a Borrower shall be in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made to such Borrower on the same day by the Banks ratably according to their respective Revolving Credit Commitments for such Borrower and, if such Revolving Credit Advances are Eurodollar Rate Advances, having the same Interest PeriodBorrower. Within the limits of this Section 2.1(a), a Borrower may borrow under this Section 2.1(a), prepay pursuant to Section 2.5 and reborrow under this Section 2.1(a).