Revolving Credit Borrowing Clause Samples
Revolving Credit Borrowing. The U.S. Borrower --------------------------------------------- may borrow U.S. Revolving Credit Loans under the U.S. Revolving Credit Commitments on any Business Day during the U.S. Revolving Credit Commitment Period, provided that the U.S. Borrower shall give the General Administrative -------- Agent irrevocable notice (which notice must be received by the General Administrative Agent prior to 1:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the requested Borrowing Date, in the case of U.S. Base Rate Loans), specifying (i) the amount and Type of U.S. Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date and (iii) in the case of Eurodollar Loans, the length of the initial Interest Period therefor. Any U.S. Revolving Credit Loans made on the Restatement Effective Date shall initially be U.S. Base Rate Loans, and prior to October 31, 2000 no U.S. Revolving Credit Loan may be made as, converted into or continued as a Eurodollar Loan having an Interest Period in excess of one month. Each borrowing of U.S. Revolving Credit Loans under the U.S. Revolving Credit Commitments shall be in an amount equal to (x) in the case of U.S. Base Rate Loans, U.S.$250,000 or integral multiples of $100,000 in excess thereof (or, if the then aggregate Available U.S. Revolving Credit Commitments are less than U.S.$250,000, such lesser amount) and (y) in the case of Eurodollar Loans, U.S.$1,000,000 or integral multiples of $500,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf -------- of the U.S. Borrower, borrowings of U.S. Base Rate Loans under the U.S. Revolving Credit Commitments in other amounts pursuant to Section 2.7. Upon receipt of any such notice from the U.S. Borrower, the General Administrative Agent shall promptly notify each U.S. Revolving Credit Lender thereof. Each U.S. Revolving Credit Lender will make its U.S. Revolving Credit Percentage of the amount of each borrowing of U.S. Revolving Credit Loans available to the General Administrative Agent for the account of the U.S. Borrower at the U.S. Funding Office prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the U.S. Borrower in funds immediately available to the General Administrative Agent. Such borrowing will then be made available to the U.S. Borrower by the General Administrative Agent in like funds as received by the Gener...
Revolving Credit Borrowing. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”) to the Borrower from time to time on any Business Day during the Revolving Credit Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the aggregate Revolving Credit Commitments and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(b), prepay under Section 2.5 and reborrow under this Section 2.1(b). Revolving Credit Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
Revolving Credit Borrowing. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”) to any of the Borrowers in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, the Dollar Equivalent of which does not exceed at any time outstanding the amount of such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment; and provided further that Toro Luxembourg may not request a Revolving Credit Borrowing, and no Lender shall have any obligation to make a Revolving Credit Loan to Toro Luxembourg, until such documents, opinions, certificates and other items, each in form and substance satisfactory to the Administrative Agent, are delivered to the Administrative Agent pursuant to Sections 4.01(a)(iii), (iv), (vi) and (vii). Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Revolving Credit Loans may be Base Rate Loans, Eurocurrency Rate Loans or Alternative Currency Daily Rate Loans as further provided herein; provided, however, that any Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless Toro delivers a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Borrowing.
Revolving Credit Borrowing. Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Bank severally agrees to make revolving credit loans (the "Revolving Credit Loans") to any of the Borrowers at any time or from time to time on or after the date hereof to, but not including, the Expiration Date, in an aggregate principal amount not to exceed at any one time such Bank's Revolving Credit Commitment minus such Bank's Ratable Share of the Letters of Credit Outstanding. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrowers may borrow, repay and reborrow pursuant to this Section 2.01. In no event shall the aggregate of outstanding Revolving Credit Loans and Letters of Credit Outstanding as of any date exceed the Revolving Credit Commitments as of such date, and the entire outstanding principal amount of the Revolving Credit Loans shall be due and payable on the Expiration Date.
Revolving Credit Borrowing. Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Bank severally agrees to make revolving credit loans (the "Revolving Credit Loans") to any of the Borrowers at any time or from time to time on or after the date hereof to, but not including, the Expiration Date, in an aggregate principal amount not to exceed at any one time such Bank's Revolving Credit Commitment minus such Bank's Ratable Share of the aggregate undrawn face amount of outstanding Letters of Credit issued pursuant to Section 2.09. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrowers may borrow, repay and reborrow pursuant to this Section 2.01.
Revolving Credit Borrowing. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Loans in Dollars or any Alternative Currency to the applicable Borrower from time to time on any Business Day during the period from the Closing Date until the Revolving Credit Commitment Termination Date applicable to such Revolving Credit Lender in an amount not to exceed at any time such Revolving Credit Lender’s Unused Commitment; provided that Revolving Credit Loans to any Subsidiary Revolver Borrower organized under the laws of Australia shall only be available in Australian Dollars and Revolving Credit Loans to any Subsidiary Revolver Borrower organized or incorporated under the laws of the United Kingdom shall only be available in Sterling. Each Revolving Credit Borrowing shall be in an aggregate amount of the Borrowing Minimum or an integral multiple of the Borrowing Multiple in excess thereof and shall consist of Advances of the same Type made on the same day by the Revolving Credit Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Revolving Credit ▇▇▇▇▇▇’s Revolving Credit Commitment, the Borrowers may borrow under this Section 2.01(b), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(b).
Revolving Credit Borrowing. Subject to the terms and conditions herein set forth, each Lender severally agrees to make Benchmark Rate Loans in Dollars to Borrower from time to time, on any Business Day during the Availability Period, in an aggregate principal amount not to exceed such ▇▇▇▇▇▇’s Commitment; provided, however, that, after giving effect to any Borrowing,
(i) the Total Outstandings shall not exceed the aggregate Commitments and (ii) the Total Outstandings would not exceed the Available Loan Amount as of such date. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Loans under this Section 2.01(b), prepay Loans under Section 2.05, and reborrow Loans under this Section 2.01(b).
Revolving Credit Borrowing. Each Revolving Credit Borrowing shall be made on notice given by the applicable Borrower to the Senior A Facility Agent not later than 11:00 A.M. (London time) three Business Days prior to the date of the proposed Revolving Credit Borrowing. Each such notice shall be in substantially the form of Exhibit C (a “Notice of Borrowing”), specifying (A) the date of such proposed Revolving Credit Borrowing, (B) the Original Dollar Amount of such proposed Revolving Credit Borrowing, (C) whether any portion of the proposed Revolving Credit Borrowing will be in an Alternative Currency and, if so, which Alternative Currency, (D) the initial Interest Period or Periods, and (E) the Available Credit (after giving effect to the proposed Revolving Credit Borrowing). Each Revolving Credit Borrowing (other than Multicurrency Loans) shall be in an aggregate principal amount that is an integral multiple of $1,000,000 and, to the extent there is Available Credit, not less than $5,000,000. Borrowings of Multicurrency Loans shall be denominated in a single Alternative Currency in an aggregate minimum amount equal to an integral multiple of 100,000 units in such Alternative Currency and shall be an Original Dollar Amount equal to or greater than $5,000,000. In the case of any Alternative Currency Loan, the Senior A Facility Agent shall, upon receipt of the Notice of Borrowing, obtain the spot exchange rate and determine each Lenders’ Rateable Portion in an Original Dollar Amount. Any Lenders which have not agreed to provide the Alternative Currency requested pursuant to an Alternative Currency Election shall fund in Dollars. The Borrowers may not request more than five Revolving Credit Borrowings per month.
Revolving Credit Borrowing. Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, the Bank agrees to make revolving credit loans (the "Revolving Credit Loans") to any of the Borrowers at any time or from time to time on or after the date hereof to, but not including, the Expiration Date, in an aggregate principal amount not to exceed at any one time the Bank's Revolving Credit Commitment minus the aggregate undrawn face amount of outstanding Letters of Credit issued pursuant to Section 2.9. Notwithstanding anything to the contrary herein, availability under the Revolving Credit Commitment shall be limited to Four Million Dollars ($4,000,000) until November 14, 1998 and thereafter in accordance with this Agreement. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrowers may borrow, repay and reborrow pursuant to this Section 2.1.
Revolving Credit Borrowing