Common use of Revolving Line of Credit Clause in Contracts

Revolving Line of Credit. (a) Upon the terms and conditions (including, without limitation, the right of the Lender to decline to make any Loan so long as any Default or Event of Default exists) and relying on the representations and warranties contained in this Agreement, the Lender agrees, during the Commitment Period, to make Loans, in immediately available funds at the Applicable Lending Office or the Principal Office, to or for the benefit of the Borrower, from time to time on any Business Day designated by the Borrower following receipt by the Lender of a Borrowing Request; provided, however, no Loan shall exceed the then existing Available Commitment.

Appears in 4 contracts

Samples: Credit Agreement (Dril-Quip Inc), Credit Agreement (Egan Hub Partners Lp), Credit Agreement (Domain Energy Corp)

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Revolving Line of Credit. (a) Upon the terms and conditions (including, without limitation, the right of the Lender to decline to make any Loan so long as any Default or Event of Default exists) and relying on the representations and warranties contained in this Agreement, the Lender agrees, during the Commitment Period, to make Loans, in immediately available funds at the Applicable Lending Office or the Principal Office, to or for the benefit of the Borrower, from time to time on any Business Day designated by the Borrower following receipt by the Lender of a Borrowing Request; provided, however, no Loan shall exceed the then existing Available Commitment.

Appears in 2 contracts

Samples: Credit Agreement (Sheridan Energy Inc), Credit Agreement (Southwestern Eagle LLC)

Revolving Line of Credit. (a) Upon the terms and conditions (including, without limitation, the right of the Lender to decline to make any Loan so long as any Default or Event of Default exists) and relying on the representations and warranties contained in this Agreement, the Lender agrees, during the Commitment Period, to make Loans, in immediately available funds at the Applicable Lending Office or the Principal Office, to or for the benefit of the BorrowerBorrowers, from time to time on any Business Day designated by the Borrower Borrowers following receipt by the Lender of a Borrowing Request; provided, however, no Loan shall exceed the then existing Available Commitment.

Appears in 1 contract

Samples: Credit Agreement (Stratum Holdings, Inc.)

Revolving Line of Credit. (a) Upon the terms and conditions (including, without limitation, the right of the Lender Lenders to decline to make any Loan so long as any Default or Event of Default exists) and relying on the representations and warranties contained in this Agreement, the Lender agreesLenders severally agree, during the Commitment Period, to make Loans, in immediately available funds at the Applicable Lending Office or the Principal Office, to or for the benefit of the Borrower, from time to time on any Business Day designated by the Borrower following receipt by the Lender Agent of a Borrowing Request; provided, however, no Loan at the time it is made shall exceed the then existing Available Commitment.

Appears in 1 contract

Samples: Credit Agreement (Middle Bay Oil Co Inc)

Revolving Line of Credit. (a) Upon the terms and conditions (including, without limitation, the right of the Lender Lenders to decline to make any Loan so long as any Default or Event of Default exists) and relying on the representations and warranties contained in this Agreement, the Lender agreesLenders agree, during the Commitment Period, to make Loans, in immediately available funds at the Applicable Lending Office or the Principal Office, to or for the benefit of the Borrower, from time to time on any Business Day designated by the Borrower following receipt by the Lender Agent of a Borrowing Request; provided, however, no Loan shall exceed the then existing Available Commitment.

Appears in 1 contract

Samples: Credit Agreement (Harken Energy Corp)

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Revolving Line of Credit. (a) Upon the terms and conditions (including, without limitation, the right of the Lender to decline to make any Loan so long as any Default or Event of Default exists) and relying on the representations and warranties contained in this Credit Agreement, the Lender agrees, during the Commitment Period, to make Loans, in immediately available funds at the Applicable Lending Office or the Principal Office, to or for the benefit of the Borrower, from time to time on any Business Day designated by the Borrower following receipt by the Lender of a Borrowing Request; provided, however, no Loan shall exceed the then existing Available Commitment.

Appears in 1 contract

Samples: Credit Agreement (Ultra Petroleum Corp)

Revolving Line of Credit. (a) Upon the terms and conditions ------------------------ (including, without limitation, the right of the Lender Lenders to decline to make any Loan so long as any Default or Event of Default exists) and relying on the representations and warranties contained in this Agreement, the Lender agreesLenders severally agree, during the Commitment Period, to make Loans, in immediately available funds at the Applicable Lending Office or the Principal Office, to or for the benefit of the Borrower, from time to time on any Business Day designated by the Borrower following receipt by the Lender Lenders of a Borrowing Request; provided, however, no Loan shall exceed the then existing Available Commitment.

Appears in 1 contract

Samples: Assignment Agreement (Southern Mineral Corp)

Revolving Line of Credit. (a) Upon the terms and conditions (including, without limitation, the right of the Lender to decline to make any Loan so long as any Default or Event of Default existshas occurred and is continuing) and relying on the representations and warranties contained in this Agreement, the Lender agrees, during the Commitment Period, to make Loans, in immediately available funds at the Applicable Lending Office or the Principal Office, to or for the benefit of the BorrowerBorrowers, from time to time on any Business Day designated by the Borrower Borrowers following receipt by the Lender of a Borrowing Request; provided, however, no Loan shall exceed the then existing Available Commitment.

Appears in 1 contract

Samples: Credit Agreement (United Heritage Corp)

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