Revolving Facility. Each Borrowing is subject to all of the provisions in the Credit Documents, including the following: (a) each Borrowing may occur only on a Business Day on or after the Closing Date and before the Termination Date and (b) the Outstanding Credits may never exceed the total Commitments at such time.
Appears in 3 contracts
Sources: Credit Agreement (Teppco Partners Lp), Credit Agreement (Teppco Partners Lp), Credit Agreement (Teppco Partners Lp)
Revolving Facility. Each Borrowing is subject to all of the provisions in the Credit Documents, including the following: (a) each Borrowing may occur only on a Business Day on or after the Closing Date and before the Termination Date and (b) the Outstanding Credits Borrowings may never exceed the total Commitments at such time.
Appears in 2 contracts
Sources: Credit Agreement (Teppco Partners Lp), Credit Agreement (Teppco Partners Lp)
Revolving Facility. Each Borrowing under the Revolving Facility is subject to all of the provisions in the Credit Documents, including the following: (a) each Borrowing may only occur only on a Business Day on or after the Closing Date and before the Termination Date and Date; (b) each Borrowing may only be $500,000 or a greater integral multiple of $100,000; and (c) the Outstanding Credits Principal Debt may never exceed the total Commitments at such timeCommitments.
Appears in 1 contract