Revolving Loan Commitment. From time to time on any Business Day occurring prior to the Revolving Loan Commitment Termination Date, each Revolving Lender agrees to make loans (relative to such Revolving Lender, its “Revolving Loans”) to the Borrower in Dollars equal to such Revolving Lender’s Percentage of the aggregate amount of the Borrowing of the Revolving Loans requested by the Borrower to be made on such day; provided, however, that after giving effect to any Revolving Loan, the aggregate outstanding principal amount of all Revolving Loans and Swing Line Loans, together with the aggregate principal amount of all Letter of Credit Outstandings, (a) of all Revolving Lenders and the Swing Line Lender shall not exceed the Revolving Loan Commitment Amount or (b) of any Revolving Lender shall not exceed such Lender’s Percentage of the Revolving Loan Commitment Amount. Within the limits of each Revolving Lender’s Percentage of the Revolving Loan Commitment Amount, and subject to the other terms and conditions hereof, the Borrower may from time to time borrow, prepay and reborrow Revolving Loans.
Appears in 2 contracts
Sources: Credit Agreement (GrubHub Inc.), Credit Agreement (GrubHub Inc.)
Revolving Loan Commitment. From During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans to the Borrower from time to time on any Business Day occurring prior to the Revolving Loan Commitment Termination Date, each Revolving Lender agrees to make loans in Dollars and/or any Alternative Currency (relative to such Revolving Lender, its “Revolving Loans”) to the Borrower in Dollars equal to such Revolving Lender’s Percentage of the an aggregate amount (expressed in the Dollar Amount thereof in the case of the Borrowing of the an Alternative Currency) up to but not exceeding such ▇▇▇▇▇▇’s Revolving Loans requested by the Borrower to be made on such dayCommitment; provided, however, that after giving effect to the making of any Revolving LoanLoans in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect. Amounts borrowed pursuant to this Section 2.02(a) may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date, the aggregate outstanding principal amount of and all Revolving Loans and Swing Line Loans, together all other amounts owed hereunder with respect to the aggregate principal amount of all Letter of Credit Outstandings, (a) of all Revolving Lenders Loans and the Swing Line Lender Revolving Commitments shall not exceed the Revolving Loan Commitment Amount or (b) of any Revolving Lender shall not exceed be paid in full no later than such Lender’s Percentage of the Revolving Loan Commitment Amount. Within the limits of each Revolving Lender’s Percentage of the Revolving Loan Commitment Amount, and subject to the other terms and conditions hereof, the Borrower may from time to time borrow, prepay and reborrow Revolving Loansdate.
Appears in 2 contracts
Sources: First Lien Credit Agreement (Mister Car Wash, Inc.), First Lien Credit Agreement (Mister Car Wash, Inc.)
Revolving Loan Commitment. From During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans to the Borrower from time to time on any Business Day occurring prior to the Revolving Loan Commitment Termination Date, each Revolving Lender agrees to make loans in Dollars and/or any Alternative Currency (relative to such Revolving Lender, its “Revolving Loans”) to the Borrower in Dollars equal to such Revolving Lender’s Percentage of the an aggregate amount (expressed in the Dollar Amount thereof in the case of the Borrowing of the an Alternative Currency) up to but not exceeding such ▇▇▇▇▇▇’s Revolving Loans requested by the Borrower to be made on such dayCommitment; provided, however, that after giving effect to the making of any Revolving LoanLoans in no event shall the Total Utilization of Revolving Commitments exceed the Line Cap. Within the foregoing limits and subject to the terms and conditions set forth herein (including the Administrative Agent’s authority, in its sole discretion, to make Protective Advances pursuant to the aggregate outstanding principal amount terms of Section 2.02), amounts borrowed pursuant to this Section 2.01(a) may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date, and all Revolving Loans and Swing Line Loans, together all other amounts owed hereunder with respect to the aggregate principal amount of all Letter of Credit Outstandings, (a) of all Revolving Lenders Loans and the Swing Line Lender Revolving Commitments shall not exceed the Revolving Loan Commitment Amount or (b) of any Revolving Lender shall not exceed be paid in full no later than such Lender’s Percentage of the Revolving Loan Commitment Amount. Within the limits of each Revolving Lender’s Percentage of the Revolving Loan Commitment Amount, and subject to the other terms and conditions hereof, the Borrower may from time to time borrow, prepay and reborrow Revolving Loansdate.
Appears in 2 contracts
Sources: Abl Revolving Credit Agreement (Advantage Solutions Inc.), Abl Revolving Credit Agreement (Petco Health & Wellness Company, Inc.)
Revolving Loan Commitment. From During the applicable Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans to the Borrower from time to time on any Business Day occurring prior to the Revolving Loan Commitment Termination Date, each Revolving Lender agrees to make loans in Dollars and/or any Alternative Currency (relative to such Revolving Lender, its “Revolving Loans”) to the Borrower in Dollars equal to such Revolving Lender’s Percentage of the an aggregate amount (expressed in the Dollar Amount thereof in the case of the Borrowing of the an Alternative Currency) up to but not exceeding such ▇▇▇▇▇▇’s Revolving Loans requested by the Borrower to be made on such dayCommitment; provided, however, that after giving effect to the making of any Revolving LoanLoans in no event shall the Total Utilization of Revolving Commitments exceed the Line Cap. Within the foregoing limits and subject to the terms and conditions set forth herein (including the Administrative Agent’s authority, in its sole discretion, to make Protective Advances pursuant to the aggregate outstanding principal amount terms of Section 2.02), amounts borrowed pursuant to this Section 2.01(a) may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date, and all Revolving Loans and Swing Line Loans, together all other amounts owed hereunder with respect to the aggregate principal amount of all Letter of Credit Outstandings, (a) of all Revolving Lenders Loans and the Swing Line Lender Revolving Commitments shall not exceed the Revolving Loan Commitment Amount or (b) of any Revolving Lender shall not exceed be paid in full no later than such Lender’s Percentage of the Revolving Loan Commitment Amount. Within the limits of each Revolving Lender’s Percentage of the Revolving Loan Commitment Amount, and subject to the other terms and conditions hereof, the Borrower may from time to time borrow, prepay and reborrow Revolving Loansdate.
Appears in 1 contract
Sources: Abl Revolving Credit Agreement (Petco Health & Wellness Company, Inc.)
Revolving Loan Commitment. From During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans to the US Borrower and the Canadian Borrower from time to time on any Business Day occurring prior to the Revolving Loan Commitment Termination Date, each Revolving Lender agrees to make loans in Dollars or Canadian Dollars (relative to such Revolving Lender, its “Revolving Loans”) to the Borrower in Dollars equal to such Revolving Lender’s Percentage of the an aggregate amount of the Borrowing of the up to but not exceeding such ▇▇▇▇▇▇’s Revolving Loans requested by the Borrower to be made on such dayCommitment; provided, however, that after giving effect to the making of any Revolving LoanLoans in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect. Amounts borrowed pursuant to this Section 2.02(a) may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date, the aggregate outstanding principal amount of and all Revolving Loans and Swing Line Loans, together all other amounts owed hereunder with respect to the aggregate principal amount of all Letter of Credit Outstandings, (a) of all Revolving Lenders Loans and the Swing Line Lender Revolving Commitments shall not exceed be paid in full no later than such date. The Borrowers shall be jointly and severally liable for the Revolving Loan Commitment Amount or (b) of any Revolving Lender shall not exceed such Lender’s Percentage of the Revolving Loan Commitment Amount. Within the limits of each Revolving Lender’s Percentage of the Revolving Loan Commitment Amount, and subject to the other terms and conditions hereof, the Borrower may from time to time borrow, prepay and reborrow Revolving Loans.
Appears in 1 contract
Revolving Loan Commitment. From During the Revolving Commitment Period, subject to the terms and conditions hereof (including, with respect to Revolving Loans borrowed on the Closing Date, Section 6.16(b)), each Lender severally agrees to make revolving loans to the Borrower from time to time on any Business Day occurring prior to the Revolving Loan Commitment Termination Date, each Revolving Lender agrees to make loans in Dollars (relative to such Revolving Lender, its “Revolving Loans”) to the Borrower in Dollars equal to such Revolving Lender’s Percentage of the an aggregate amount of the Borrowing of the up to but not exceeding such ▇▇▇▇▇▇’s Revolving Loans requested by the Borrower to be made on such dayCommitment; provided, however, provided that after giving effect to the making of any Revolving LoanLoans in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect. Amounts borrowed pursuant to this Section 2.02(a) may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date, the aggregate outstanding principal amount of and all Revolving Loans and Swing Line Loans, together all other amounts owed hereunder with respect to the aggregate principal amount of all Letter of Credit Outstandings, (a) of all Revolving Lenders Loans and the Swing Line Lender Revolving Commitments shall not exceed the Revolving Loan Commitment Amount or (b) of any Revolving Lender shall not exceed be paid in full no later than such Lender’s Percentage of the Revolving Loan Commitment Amount. Within the limits of each Revolving Lender’s Percentage of the Revolving Loan Commitment Amount, and subject to the other terms and conditions hereof, the Borrower may from time to time borrow, prepay and reborrow Revolving Loansdate.
Appears in 1 contract
Sources: Credit Agreement
Revolving Loan Commitment. From During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans to the Borrower from time to time on any Business Day occurring prior to the Revolving Loan Commitment Termination Date, each Revolving Lender agrees to make loans in Dollars and/or any Alternative Currency (relative to such Revolving Lender, its “Revolving Loans”) in an aggregate amount (expressed in the Dollar Amount thereof in the case of an Alternative Currency) up to the Borrower in Dollars equal to but not exceeding such Revolving Lender’s Percentage of the aggregate amount of the Borrowing of the Revolving Loans requested by the Borrower to be made on such dayCommitment; provided, however, that after giving effect to the making of any Revolving LoanLoans in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect. Amounts borrowed pursuant to this Section 2.02(a) may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date, the aggregate outstanding principal amount of and all Revolving Loans and Swing Line Loans, together all other amounts owed hereunder with respect to the aggregate principal amount of all Letter of Credit Outstandings, (a) of all Revolving Lenders Loans and the Swing Line Lender Revolving Commitments shall not exceed the Revolving Loan Commitment Amount or (b) of any Revolving Lender shall not exceed be paid in full no later than such Lender’s Percentage of the Revolving Loan Commitment Amount. Within the limits of each Revolving Lender’s Percentage of the Revolving Loan Commitment Amount, and subject to the other terms and conditions hereof, the Borrower may from time to time borrow, prepay and reborrow Revolving Loansdate.
Appears in 1 contract
Sources: First Lien Credit Agreement (Mister Car Wash, Inc.)