Revolving Credit Facilities. (a) Each Revolving Credit Lender agrees to extend credit under each Series of Revolving Credit Facility for which it has a Revolving Credit Commitment, in each case pursuant to which, and upon the terms and subject to the conditions herein set forth:
Revolving Credit Facilities. (i) Subject to the terms and conditions contained in this Agreement, each Revolving Credit Lender agrees to make one or more Advances pursuant to this Section 2.01(a) (collectively, the “Revolving Credit Loans”) to Borrowers from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any time outstanding which does not exceed the amount of such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, that:
Revolving Credit Facilities. 12 2.1 Revolving Credit Commitments............................................................................12 2.2 Fees........................................................................................................................12
Revolving Credit Facilities. Subject to the terms and conditions of this Loan Agreement, the Banks hereby establish (i) Revolving Credit Facility A in favor of the Borrowers in the principal amount of One Hundred Seventy Five Million Dollars ($175,000,000) and (ii) Revolving Credit Facility B in favor of the Borrowers in the principal amount of Twenty Five Million Dollars ($25,000,000). Pursuant to the Revolving Credit Facilities, the Borrowers may obtain Revolving Credit Loans and/or Letters of Credit pursuant to, and subject to the terms and conditions set forth in, this Loan Agreement for the purposes set forth in Sections 2.5A and 2.7 hereof. The Revolving Credit Facilities are subject to the following terms and conditions:
Revolving Credit Facilities. (a) As of the date hereof, subject to the terms and conditions in this Agreement, the Lender has established in favor of the Borrower revolving credit facilities (the"Revolver") in the aggregate principal amount of Thirty Million Dollars $30,000,000 (the "Commitment", which shall expire on March 31, 2002 (the "Expiration Date"). During the Revolving Period and within the limits of the aggregate Commitment, the Borrower may borrow, repay and reborrow under this SECTION 1.01.
Revolving Credit Facilities. The definition of "Revolving Credit Facilities" in Section 1.01 of the Credit Agreement is hereby amended to read in its entirety as follows:
Revolving Credit Facilities. 2.1 Revolving Credit Commitments. ----------------------------
Revolving Credit Facilities. 43 Section 2.1 Revolving Facility........................................................................43
Revolving Credit Facilities. 2 Section 2.01. The Commitments 2 Section 2.02. Types and Amount of Revolving Credit Advances 2 Section 2.03. Manner of Borrowing 2 Section 2.04. Repayment of Principal 3 Section 2.05. Payment of Interest 3 Section 2.06. Optional Prepayment 4 Section 2.07. Funding Indemnities 4 Section 2.08. Revolving Notes 5 ARTICLE III CHANGE IN CIRCUMSTANCES 5 Section 3.01. Increased Costs 5 Section 3.02. Illegality 7 Section 3.03. Unavailability of LIBOR Advances 8 ARTICLE IV FEES; PAYMENTS; REDUCTION ANDINCREASE OF COMMITMENTS 9 Section 4.01. Fees 9 Section 4.02. Manner of Payments 9 Section 4.03. Extension of Payments 10 Section 4.04. Computation of Interest and Fees 10 Section 4.05. Reduction, Increase and Termination of the Commitments 10 Section 4.06. Intentionally Omitted. 11
Revolving Credit Facilities. If you have a Revolving Credit Facility and your Facility Account balance (excluding uncleared funds) is less than the amount which would be owing at that time if all required Instalments from the commencement date of the Facility have been paid on the due date, you may redraw the difference. Payments made to and from your Facility Account after the last day of the monthly statement will change the redraw amount available from time to time. Notwithstanding the above, the ability to redraw funds under your Facility is not available to you during any Fixed Rate Period of the Facility.
