Common use of Revolving Loan Commitment Clause in Contracts

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of the Borrower set forth herein and in the other Loan Documents, the Bank agrees to make such Revolving Loans at such times as the Borrower may from time to time request until, but not including, the Revolving Loan Maturity Date, and in such amounts as the Borrower may from time to time request, provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan Availability. Revolving Loans made by the Bank may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise accelerated, terminated or extended as provided in this Agreement. Borrower shall request all Revolving Loans and other advances in writing, which requests must be approved by Bank prior to the making of any Revolving Loans or other advances, which consent may be withheld in its sole and absolute discretion. The Revolving Loans shall be used by the Borrower for the purposes of (a) refinancing Borrower’s existing indebtedness; and (b) providing for the working capital requirements and general corporate purposes of the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement and Other Loan Documents (Parlux Fragrances Inc)

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Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of the Borrower set forth herein and in the other Loan Documents, the Bank agrees to make such Revolving Loans in Dollars or in the Alternate Currency at such times as the Borrower may from time to time request until, but not including, the Revolving Loan Maturity Date, and in such amounts as the Borrower may from time to time request, provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan AvailabilityAvailability and provided, however, that Borrower shall not request any Alternate Currency Loan (and Bank shall not be obligated to make an Alternate Currency Loan) if, after giving effect thereto, the Alternate Currency Exposure would exceed the Alternate Currency Maximum Amount. Revolving Loans made by the Bank may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise accelerated, terminated or extended as provided in this Agreement. Borrower shall request all Revolving Loans and other advances in writing, which requests must be approved by Bank prior to the making of any Revolving Loans or other advances, which consent may be withheld in its sole and absolute discretion. The Revolving Loans shall be used by the Borrower for the purposes purpose of (a) refinancing Borrower’s existing indebtedness; and (b) providing for working capital. With respect to each Alternate Currency Loan, subject to the working capital requirements and general corporate purposes other provisions of this Agreement, Borrower shall receive all of the Borrowerproceeds of such Alternate Currency Loan in one Alternate Currency and repay such Alternate Currency Loan in the same Alternate Currency.

Appears in 1 contract

Samples: Loan Agreement (Hutchinson Technology Inc)

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of the Borrower set forth herein and in the other Loan Documentsherein, the Bank each Revolving Lender agrees to make loans to the Borrower (relative to such Lender, and of any type, its “Revolving Loans”) from time to time during the Availability Period equal to such Revolving Loans at Lender’s Applicable Percentage of the aggregate amount of the Revolving Loan Borrowing requested by the Borrower to be made on such times date, so long as after giving effect thereto (a) such Revolving Lender’s Revolving Credit Exposure shall not exceed such Revolving Lender’s Applicable Percentage of the Maximum Revolving Credit Amount and (b) the Revolving Credit Exposures of all Revolving Lenders shall not exceed the Maximum Revolving Credit Amount. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may from time to time request untilborrow, but not including, repay and reborrow the Revolving Loan Maturity Date, and in such amounts as the Borrower may from time to time request, provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan AvailabilityLoans. Revolving Loans made by the Bank may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise accelerated, terminated or extended as provided in this Agreement. Borrower shall request all Revolving Loans and other advances in writing, which requests must be approved by Bank prior to the making of any Revolving ABR Loans or other advancesEurodollar Loans, which consent may be withheld in its sole and absolute discretion. The Revolving Loans shall be used by the Borrower for the purposes of (a) refinancing Borrower’s existing indebtedness; and (b) providing for the working capital requirements and general corporate purposes of the Borroweras further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Evolve Transition Infrastructure LP)

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of the Borrower Borrowers set forth herein and in the other Loan Documents, the Bank Lender agrees to make such Revolving Loans at such times as the Borrower Borrowers may from time to time request until, but not including, the Revolving Loan Maturity Date, and in such amounts as the Borrower Borrowers may from time to time request, provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan Availability. Revolving Loans made by the Bank Lender may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise accelerated, terminated or extended as provided in this Agreement. Borrower shall request all Revolving Loans and other advances in writing, which requests must be approved by Bank prior to the making of any Revolving Loans or other advances, which consent may be withheld in its sole and absolute discretion. The Revolving Loans shall be used by the Borrower for the purposes Borrowers to refinance existing Subordinated Debt of (a) refinancing Borrower’s existing indebtedness; Borrowers, to support current and (b) providing for the future working capital requirements needs of Borrowers and general corporate purposes of to pay fees and expenses incurred in connection with closing the Borrower.transactions under this Agreement. Notwithstanding anything to the contrary contained herein, no Revolving Loans shall be used by Borrowers to repay or prepay Term Loan B.

Appears in 1 contract

Samples: Loan and Security Agreement (BG Staffing, Inc.)

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the covenants, representations and warranties of the Borrower set forth herein and in the other Loan Documents, the Bank agrees to make such Revolving Loans at such times as the Borrower Borrowing Agent may from time to time request until, but not including, the Revolving Loan Maturity Date, and in such amounts as the Borrower Borrowing Agent may from time to time request, provided, however, that the sum of the aggregate principal balance of all Revolving Loans outstanding (after giving effect to any requested but unadvanced Revolving Loans) at any time plus the Letter of Credit Obligations (after giving effect to any requested but unissued Letters of Credit) at any time shall not exceed the Revolving Loan AvailabilityAvailable Amount. Revolving Loans made by the Bank may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise accelerated, accelerated or terminated or extended as provided in this Agreement. Borrower shall request all Revolving Loans and other advances in writing, which requests must be approved by Bank prior to the making of any Revolving Loans or other advances, which consent may be withheld in its sole and absolute discretion. The Revolving Loans shall be used by the Borrower for the purposes purpose of (a) refinancing Borrower’s re-financing existing indebtedness; and (b) providing Debt of the Borrowers, for the working capital requirements and Capital Expenditures, general corporate purposes purposes, transaction expenses and working capital. Borrower will furnish Bank such documents and information as the Bank may reasonably require in connection with each request for an Advance of the Borrowera Revolving Loan hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Synergetics Usa Inc)

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Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations representations, warranties, covenants and warranties undertakings of the Borrower set forth herein and in the other Loan Documents, the Bank Lender agrees to make such Revolving Loans at such times as the Borrower may from time to time request upon not less than fifteen (15) Business Days’ prior written notice to Lender until, but not including, the Revolving Loan Maturity Date, and in such amounts as the Borrower may from time to time request, provided, however, that (i) the aggregate principal balance of and accrued and unpaid interest under all Revolving Loans outstanding at any time shall not exceed the Revolving Loan Availability, and (ii) the aggregate amount of Revolving Loans advanced by Lender to Borrower (without reduction for amounts repaid by Borrower) shall not exceed the Aggregate Revolving Loan Advance Limit, and (iii) unless otherwise approved by Lender in Lender’s sole and absolute discretion, the amount requested by Borrower at any one time shall not be less than the Revolving Loan Minimum Advance. Revolving Loans made by the Bank Lender may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise accelerated, terminated or extended as provided in this Agreement. Borrower shall request all Revolving Loans and other advances in writing, which requests must be approved by Bank prior to the making of any Revolving Loans or other advances, which consent may be withheld in its sole and absolute discretion. The Revolving Loans shall be used by the Borrower for the purposes purpose of (a) refinancing Borrower’s existing indebtedness; and (b) providing for the working capital requirements and general corporate purposes of the Borrowercapital.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Land Lease Inc)

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of the Borrower set forth herein and in the other Loan Documentsherein, the Bank each Revolving Lender agrees to make loans to the Borrower (relative to such Lender, and of any type, its “Revolving Loans”) from time to time during the Availability Period equal to such Revolving Loans at Lender’s Applicable Percentage of the aggregate amount of the Revolving Loan Borrowing requested by the Borrower to be made on such times date, so long as after giving effect thereto (a) such Revolving Lender’s Revolving Credit Exposure shall not exceed such Revolving Lender’s Applicable Percentage of the Maximum Revolving Credit Amount and (b) the Revolving Credit Exposures of all Revolving Lenders shall not exceed the Maximum Revolving Credit Amount. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may from time to time request untilborrow, but not including, repay and reborrow the Revolving Loan Maturity Date, and in such amounts as the Borrower may from time to time request, provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan AvailabilityLoans. Revolving Loans made by the Bank may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise accelerated, terminated or extended as provided in this Agreement. Borrower shall request all Revolving Loans and other advances in writing, which requests must be approved by Bank prior to the making of any Revolving ABR Loans or other advancesSOFR Loans, which consent may be withheld in its sole and absolute discretion. The Revolving Loans shall be used by the Borrower for the purposes of (a) refinancing Borrower’s existing indebtedness; and (b) providing for the working capital requirements and general corporate purposes of the Borroweras further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Evolve Transition Infrastructure LP)

Revolving Loan Commitment. Subject to The Lenders having Revolving Loan Commitments agree, severally, in accordance with their respective Commitment Ratios for Revolving Loans, and not jointly, upon the terms and subject to the conditions of this Agreement Agreement, to lend and the other Loan Documents, and in reliance upon the representations and warranties of relend to the Borrower set forth herein and in the other Loan Documents, the Bank agrees to make such Revolving Loans at such times as the Borrower may from time to time, amounts which do not exceed, in the aggregate, at any one time request until, but not including, outstanding the Available Revolving Loan Commitment as in effect from time to time. The Borrower hereby acknowledges that all "Obligations" in respect of "Revolving Loans" outstanding on the Agreement Date under the "Revolving Loan Commitments" (as such terms as defined in the Prior Loan Agreement) shall be deemed to have been made to the Borrower as Advances under the Revolving Loan Maturity Date, Commitments hereunder and in such amounts as shall constitute a portion of the Borrower may from time to time request, provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan AvailabilityObligations. Revolving Loans made by the Bank may be repaid and, subject Subject to the terms and conditions hereof, borrowed again up to, but not including Advances under the Revolving Loan Maturity Date unless Commitments may be repaid and reborrowed from time to time on a revolving basis. In no case will the Lenders be required to fund a Request for Advance under their Revolving Loans are otherwise accelerated, terminated or extended as provided in this Agreement. Borrower shall request Loan Commitments if such funding would increase the aggregate amount of all Revolving Loans and other advances outstanding to an amount in writing, which requests must be approved by Bank prior to the making of any Revolving Loans or other advances, which consent may be withheld in its sole and absolute discretion. The Revolving Loans shall be used by the Borrower for the purposes of (a) refinancing Borrower’s existing indebtedness; and (b) providing for the working capital requirements and general corporate purposes excess of the BorrowerRevolving Loan Commitments or the amount of such requested Advance exceeds the Available Revolving Loan Commitment before giving effect to such Advance.

Appears in 1 contract

Samples: Loan Agreement (Rural Cellular Corp)

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