Common use of Revolving Credit Commitments Clause in Contracts

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject to the terms and conditions hereof, to make revolving loans (each individually a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars to the Borrower from time to time up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; provided, however, that the sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 7 contracts

Samples: Loan Agreement (Vantiv, Inc.), Loan Agreement, Loan Agreement (Vantiv, Inc.)

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Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject to the terms and conditions hereof, to make revolving loans (each individually a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars to the Borrower from time to time during the period from the Escrow Release Date to the Revolving Credit Termination Date up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; provided, however, that the sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 4 contracts

Samples: Loan Agreement (Western Digital Corp), Loan Agreement (Western Digital Corp), Loan Agreement (Western Digital Corp)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively for all the Lenders the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum lesser of (i) the total Revolving Credit Commitments of all Lenders in effect at such timetime and (ii) the Borrowing Base as then determined and computed. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 4 contracts

Samples: Credit Agreement (Consolidated Tomoka Land Co), Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Bank, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a "Revolving Loan” and, collectively, " and collectively the "Revolving Loans") in Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Bank's revolving credit commitment set forth on the applicable signature page hereof or pursuant to Section 12.12 hereof (its "Revolving Credit Commitment in effect at such time; providedCommitment" and, howevercumulatively for all the Banks, that the "Revolving Credit Commitments"), subject to any reductions thereof pursuant to the terms hereof, before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and of L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by from the Lenders Banks in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 3 contracts

Samples: Credit Agreement (Vision Twenty One Inc), Credit Agreement (Sycamore Park Convalescent Hospital), Credit Agreement (Vision Twenty One Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Bank, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a "Revolving Loan” and, collectively, " and collectively the "Revolving Loans") in Dollars to the Borrower in U.S. Dollars from time to time on a revolving basis up to the amount of such Lender’s Bank's revolving credit commitment set forth on the applicable signature page hereof or pursuant to Section 12.12 hereof (its "Revolving Credit Commitment in effect at such time; providedCommitment" and, howevercumulatively for all the Banks, that the "Revolving Credit Commitments"), subject to any reductions thereof pursuant to the terms hereof, before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by from the Lenders Banks in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 3 contracts

Samples: Credit Agreement (Diamond Home Services Inc), Credit Agreement (Apac Teleservices Inc), Credit Agreement (Apac Teleservices Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively for all the Lenders the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such timeCommitment, subject to any reductions thereof pursuant to the terms hereof, before the Revolving Credit Termination Date; provided, however, provided that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $30,000,000. The sum of the aggregate principal amount of Revolving Loans, Swing Loans Loans, and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a2.6(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Credit Agreement (Sterling Construction Co Inc), Credit Agreement (Sterling Construction Co Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject to the terms and conditions hereof, to make revolving loans (each individually a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars to the Borrower from time to time up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; provided, however, that the sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Loan Agreement (Fifth Third Bancorp), Loan Agreement (Fifth Third Bancorp)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a "Revolving Loan” and, collectively, " and collectively the "Revolving Loans") in Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s 's Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by from the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Credit Agreement (Ios Brands Corp), Credit Agreement (Ios Brands Corp)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject (a) Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of all Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

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

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectivelyand collectively for all the Lenders, the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 2.5 hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Credit Agreement (LTC Properties Inc), Credit Agreement (LTC Properties Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectivelyand collectively for all the Lenders, the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof2.5, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Credit Agreement (LTC Properties Inc), Credit Agreement (LTC Properties Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively for all the Lenders the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such LenderXxxxxx’s Revolving Credit Commitment in effect at such timeCommitment, subject to any reductions thereof pursuant to the terms hereof, before the Revolving Credit Termination Date; provided, however, provided that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $30,000,000. The sum of the aggregate principal amount of Revolving Loans, Swing Loans Loans, and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a2.6(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar SOFR Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.. Section 2.3

Appears in 2 contracts

Samples: Credit Agreement (Sterling Infrastructure, Inc.), Credit Agreement (Sterling Infrastructure, Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a "Revolving Loan” and, collectively, " and collectively the "Revolving Loans") in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s 's Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans Loans, and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by from the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Credit Agreement (Lamson & Sessions Co), Credit Agreement (Lamson & Sessions Co)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject to the terms and conditions hereof, to make revolving loans (each individually a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars to the Borrower from time to time up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; provided, however, that the sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Loan Agreement (Vantiv, Inc.), Loan Agreement (Vantiv, Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively for all the Lenders the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum lesser of (i) the total Revolving Credit Commitments of all Lenders in effect at such timetime and (ii) the Borrowing Base as then determined and computed. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Credit Agreement (Whitestone REIT), Credit Agreement (Whitestone REIT Operating Partnership, L.P.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans Loans, and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

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

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any increases or reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans Loans, and L/C Obligations at any time outstanding shall not exceed the sum lesser of (a) the total Revolving Credit Commitments in effect at such timetime and (b) the Borrowing Base as determined based on the most recent Borrowing Base Certificate. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Credit Agreement (National Credit & Guaranty CORP), Credit Agreement (Kimball Hill, Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a "Revolving Loan” and, collectively, " and collectively the "Revolving Loans") in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s 's Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the sum of the Revolving Credit Termination Date. The aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.4(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Day Credit Agreement (Hewitt Associates Inc), Day Credit Agreement (Hewitt Associates Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Credit Agreement (Maf Bancorp Inc), Credit Agreement (Nobel Learning Communities Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Credit Agreement (Nobel Learning Communities Inc), Credit Agreement (Nobel Learning Communities Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject to the terms and conditions hereof, to make revolving loans (each individually a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars to the Borrower from time to time up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; provided, however, that the sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof. Subject to Section 5.7, no more than $50,000,000 of the Revolving Credit Commitments shall be available for borrowings on the Closing Date.

Appears in 2 contracts

Samples: First Lien Loan Agreement (Vantiv, Inc.), First Lien Loan Agreement (Vantiv, Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively for all the Lenders the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum lesser of (i) the total Revolving Credit Commitments of all Lenders in effect at such timetime and (ii) the Borrowing Base as then determined and computed minus the then outstanding principal balance of the Term Loans and Incremental Term Loans. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Credit Agreement (Global Medical REIT Inc.), Credit Agreement (Global Medical REIT Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a "Revolving Loan” and, collectively, " and collectively the "Revolving Loans") in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s 's Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans Loans, and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Credit Agreement (Hewitt Associates Inc), Credit Agreement (Hewitt Associates Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively for all the Lenders the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans Loans, and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 2 contracts

Samples: Credit Agreement (DG FastChannel, Inc), Credit Agreement (DG FastChannel, Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually individually, a “Revolving Loan” andand collectively, collectivelyfor all the Lenders, the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such LenderXxxxxx’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans Swingline Loans, and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time, and any Lender’s Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit Commitment in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a2.6(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar SOFR Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Willdan Group, Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans Loans, and L/C Obligations at any time outstanding shall not exceed the sum lesser of (i) the total Revolving Credit Commitments in effect at such timetime and (ii) the Borrowing Base as determined based on the most recent Borrowing Base Certificate. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Excelligence Learning Corp)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectivelyand collectively for all the Lenders, the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such LenderLxxxxx’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof2.5, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar EurodollarSOFR Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (LTC Properties Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively for all the Lenders the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a2.6(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Term SOFR Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Performant Financial Corp)

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Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject to the terms and conditions hereof, to make revolving loans (each individually a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars to the Borrower from time to time up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; provided, however, that the sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the lesser of (a) the sum of the total all Revolving Credit Commitments in effect at such timetime and (b) the Borrowing Base as then determined and computed. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (American CyberSystems Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively for all the Lenders the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such LenderXxxxxx’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a2.6(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar SOFR Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Alvarium Tiedemann Holdings, Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Bank, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, "REVOLVING LOAN" and collectively the “Revolving Loans”"REVOLVING LOANS") in Dollars to the Borrower in U.S. Dollars from time to time on a revolving basis up to the amount of such Lender’s Bank's Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans Loans, and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by from the Lenders Banks in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Apac Customer Service Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject to the terms and conditions hereof, to make revolving loans (each individually a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars to the Borrower from time to time up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; provided, however, that the sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total all Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Assignment and Assumption (Turning Point Brands, Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject to the terms and conditions hereof, to make revolving loans (each individually a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars to the Borrower from time to time up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; provided, however, that the sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total all Revolving Credit Commitments in effect at such time; provided, further, that the Revolving Loans borrowed on the Closing Date shall not exceed $10,000,000. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (ATN International, Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively the “Revolving Loans”) in Dollars to the Borrower Credit Parties from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by from the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.5(a) hereof, the Borrower applicable Credit Party may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (FTD Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans Loans, and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by from the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Lamson & Sessions Co)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Lecg Corp)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively the “Revolving Loans”) in Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by from the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (FTD Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject to the terms and conditions hereof, to make revolving loans (each individually a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars to the Borrower Borrowers from time to time up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; provided, however, that the sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total all Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof, the Borrower Borrowers may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Turning Point Brands, Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively for all the Lenders the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Termination Date. The sum of the aggregate principal amount of Revolving Loans, Loans and Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum amount of the total Revolving Credit Commitments in effect at such timeOne Hundred Fifty Million and No/100 Dollars ($150,000,000.00). Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a2.4(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Techne Corp /Mn/)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject to the terms and conditions hereof, to make revolving loans (each individually a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars to the Borrower from time to time up to the amount of such LenderLxxxxx’s Revolving Credit Commitment in effect at such time; provided, however, that the sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total all Revolving Credit Commitments in effect at such time; provided, further, that the Revolving Loans borrowed on the Closing Date shall not exceed $10,000,000. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Tranche Rate Loans. Revolving Loans may be repaid and reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (ATN International, Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject (a) Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of all Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time, and each Lender’s Revolving Credit Exposure at any time outstanding shall not exceed such Lender’s Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Penford Corp)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively for all the Lenders the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (BGC Partners, Inc.)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a "Revolving Loan” and, collectively, " and collectively the "Revolving Loans") in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s 's Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans Loans, and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by from the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Lamson & Sessions Co)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject (a) Subject to the terms and conditions hereof, each Revolving Credit Lender severally agrees to make revolving credit loans (each individually a "Revolving Credit Loan” and, collectively, the “Revolving Loans”") in Dollars to the Borrower from in one or more fundings during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding which, when added to time up to such Lender's Revolving Credit Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swing Line Loans then outstanding, does not exceed the amount of such Lender’s 's Revolving Credit Commitment. During the Revolving Credit Commitment in effect at such time; provided, however, that Period the sum of Borrower may use the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders whole or in proportion to their respective Revolver Percentages. As provided in Section 2.5(a)part, and subject to reborrowing, all in accordance with the terms and conditions hereof, the Borrower may elect that each Borrowing of . The Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and reborrowed before Credit Commitments shall terminate on the Revolving Credit Termination Date. The Revolving Credit Loans may from time to time be Eurodollar Loans or Base Rate Loans, subject as determined by the Borrower and notified to the terms Administrative Agent in accordance with Sections 2.5 and conditions hereof2.13, provided that no Revolving Credit Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Spanish Broadcasting System of Puerto Rico Inc /Pr/)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a “Revolving Loan” and, collectively, and collectively for all the Lenders the “Revolving Loans”) in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Neutral Tandem Inc)

Revolving Credit Commitments. Prior to the Revolving Credit Termination Date, each Revolving Lender severally and not jointly agrees, subject Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make revolving a loan or loans (each individually a "Revolving Loan” and, collectively, " and collectively the "Revolving Loans") in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s 's Revolving Credit Commitment in effect at such time; providedCommitment, howeversubject to any reductions thereof pursuant to the terms hereof, that before the Revolving Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any time outstanding shall not exceed the sum of the total Revolving Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in Section 2.5(a), and subject to the terms 1.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (CalAmp Corp.)

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