Common use of Revolving Facility Clause in Contracts

Revolving Facility. Subject to the provisions in the Loan Documents, each Lender severally and not jointly agrees to lend to Borrower one or more Borrowings hereunder which Borrower may borrow, repay, and reborrow under this Agreement, subject to the following conditions: (a) each Borrowing requested by Borrower hereunder must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date; (b) each Borrowing requested by Borrower must be in an amount not less than $1,000,000 (unless such Borrowing is to repay a Swing Line Loan) or a greater integral multiple of $100,000 or, if less, the Unused Commitment; (c) the Total Principal Debt may not exceed the Total Commitment; and (d) no Lender's Principal Debt may exceed such Lender's Commitment.

Appears in 1 contract

Sources: Credit Agreement (Prentiss Properties Trust/Md)

Revolving Facility. Subject to the provisions in the Loan Documents, each Lender severally and not jointly agrees to lend to Borrower one or more Borrowings hereunder which Borrower may borrow, repay, and reborrow under this Agreement, subject to the following conditions: (a) each Borrowing requested by Borrower hereunder must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date; (b) each Borrowing requested by Borrower must be in an amount not less than $1,000,000 (unless such Borrowing is to repay a Swing Line Loan) or a greater integral multiple of $100,000 or, if less, the Unused Commitment; (c) the Total Principal Debt may not exceed the Total Commitment; and (d) no Lender's Principal Debt may exceed such Lender's Commitment.

Appears in 1 contract

Sources: Credit Agreement (Prentiss Properties Trust/Md)

Revolving Facility. Subject to the provisions in the Loan Documents, each Lender severally and not jointly agrees to lend to Borrower one or more Borrowings hereunder which Borrower may borrow, repay, and reborrow under this Agreement, subject to the following conditions: (a) each Borrowing requested by Borrower hereunder must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date; (b) each Borrowing requested by Borrower must be in an amount not less than $1,000,000 (unless such Borrowing is to repay a Swing Line Loan) or a greater integral multiple of $100,000 or, if less, the Unused Commitment; (c) the Total Principal Debt may not exceed the Total Commitment; and (d) no Lender's ’s Principal Debt may exceed such Lender's ’s Commitment.

Appears in 1 contract

Sources: Credit Agreement (Prentiss Properties Trust/Md)

Revolving Facility. Subject to the provisions in the Loan Documents, each Lender severally and not jointly agrees to lend to Borrower one or more Borrowings (except for Swing Line Loans) hereunder which Borrower may borrow, repay, and reborrow under this Agreement, subject to the following conditions: (a) each Borrowing requested by Borrower hereunder must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date; (b) each Borrowing requested by Borrower must be in an amount not less than $1,000,000 (unless such Borrowing is to repay a Swing Line Loan) or a greater integral multiple of $100,000 or, if less, the Unused CommitmentCommitment less the Principal Debt of any Swing Line Loans; (c) the Total Principal Debt may not exceed the Total Commitment; and (d) no Lender's Principal Debt may exceed such Lender's Commitment.

Appears in 1 contract

Sources: Credit Agreement (Security Capital Industrial Trust)

Revolving Facility. Subject to the provisions in the Loan Documents, each Lender severally and not jointly agrees to lend to Borrower one or more Borrowings (except for Competitive Borrowings and Swing Line Loans) hereunder which Borrower may borrow, repay, and reborrow under this Agreement, subject to the following conditions: (aA) each Borrowing requested by Borrower hereunder must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date; (bB) each Borrowing requested by Borrower must be in an amount not less than $1,000,000 (unless such Borrowing is to repay a Swing Line Loan) or a greater integral multiple of $100,000 or, if less, the Unused CommitmentCommitment less the Principal Debt of any Swing Line Loans; (cC) the Total Principal Debt may not exceed the Total Commitment; and (dD) no Lender's Principal Debt may exceed such Lender's Commitment.

Appears in 1 contract

Sources: Credit Agreement (Prologis Trust)

Revolving Facility. Subject to the provisions in the Loan Documentsof this Agreement, each Lender severally and not jointly agrees to lend to Borrower one or more Borrowings (except for Competitive Borrowings and Swing Line Loans) hereunder which Borrower may borrow, repay, and reborrow under this Agreement, subject to the following conditions: (a) each Borrowing requested by Borrower hereunder must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date; (b) each Borrowing requested by Borrower must be in an amount not less than $1,000,000 (unless such Borrowing is to repay a Swing Line Loan) or a greater integral multiple of $100,000 or, if less, the Unused CommitmentCommitment less the Principal Debt of any Swing Line Loans; (c) the Total Principal Debt may not exceed the Total Commitment; and (d) no Lender's Principal Debt (other than the Principal Debt of such Lender's Competitive Borrowings) may exceed such Lender's Commitment.

Appears in 1 contract

Sources: Credit Agreement (Prologis Trust)

Revolving Facility. Subject to the provisions in the Loan Documents, each Lender severally and not jointly agrees to lend to Borrower one or more Borrowings hereunder which Borrower may borrow, repay, repay and reborrow under this Agreement, subject to the following conditions: (a) each Borrowing requested by Borrower hereunder must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date; (b) each Borrowing requested by Borrower must be in an amount not less than $1,000,000 (unless such Borrowing is to repay a Swing Line Loan) 1,000,000.00 or a greater integral multiple of $100,000 100,000.00 or, if less, the Unused Commitment; (c) the Total Principal Debt may not exceed the lesser of (i) the Total Commitment, and (ii) the Borrowing Base; and (d) no Lender's Principal Debt may exceed such Lender's Commitment.

Appears in 1 contract

Sources: Credit Agreement (Prentiss Properties Trust/Md)