Common use of Revolving Loan Commitment Clause in Contracts

Revolving Loan Commitment. 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 in Dollars and/or any Alternative Currency (“Revolving Loans”) in an aggregate amount (expressed in the Dollar Amount thereof in the case of an Alternative Currency) up to but not exceeding such ▇▇▇▇▇▇’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loans 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 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 all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Sources: Abl Revolving Credit Agreement (Advantage Solutions Inc.), Abl Revolving Credit Agreement (Petco Health & Wellness Company, Inc.)

Revolving Loan Commitment. 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 in Dollars and/or any Alternative Currency (“Revolving Loans”) in an aggregate amount (expressed in the Dollar Amount thereof in the case of an Alternative Currency) up to but not exceeding such ▇▇▇▇▇▇’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the Line CapRevolving Commitments then in effect. 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 terms of Section 2.02), amounts Amounts borrowed pursuant to this Section 2.01(a2.02(a) may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date, and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Sources: First Lien Credit Agreement (Mister Car Wash, Inc.), First Lien Credit Agreement (Mister Car Wash, Inc.)

Revolving Loan Commitment. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans to the Borrower from From time to time on any Business Day in Dollars and/or any Alternative Currency 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 an Dollars equal to such Revolving Lender’s Percentage of the aggregate amount (expressed in of the Dollar Amount thereof in Borrowing of the case of an Alternative Currency) up Revolving Loans requested by the Borrower to but not exceeding be made on such ▇▇▇▇▇▇’s Revolving Commitmentday; provided, however, that after giving effect to any Revolving Loan, the making 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 Loans in no event Lender shall not exceed such Lender’s Percentage of the Total Utilization of Revolving Commitments exceed the Line CapLoan Commitment Amount. Within the foregoing limits of each Revolving Lender’s Percentage of the Revolving Loan Commitment Amount, and subject to the other terms and conditions set forth herein (including hereof, the Administrative Agent’s authorityBorrower may from time to time borrow, in its sole discretion, to make Protective Advances pursuant to the terms of Section 2.02), amounts borrowed pursuant to this Section 2.01(a) may be repaid prepay and reborrowed during the reborrow Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date, and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateLoans.

Appears in 2 contracts

Sources: Credit Agreement (GrubHub Inc.), Credit Agreement (GrubHub Inc.)

Revolving Loan Commitment. 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 in Dollars and/or any Alternative Currency or Canadian Dollars (“Revolving Loans”) in an aggregate amount (expressed in the Dollar Amount thereof in the case of an Alternative Currency) up to but not exceeding such ▇▇▇▇▇▇’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the Line CapRevolving Commitments then in effect. 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 terms of Section 2.02), amounts Amounts borrowed pursuant to this Section 2.01(a2.02(a) may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date, and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date. The Borrowers shall be jointly and severally liable for the Revolving Loans.

Appears in 1 contract

Sources: Credit Agreement (Savers Value Village, Inc.)

Revolving Loan Commitment. 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 in Dollars and/or any Alternative Currency (“Revolving Loans”) in an aggregate amount (expressed in the Dollar Amount thereof in the case of an Alternative Currency) up to but not exceeding such ▇▇▇▇▇▇Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the Line CapRevolving Commitments then in effect. 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 terms of Section 2.02), amounts Amounts borrowed pursuant to this Section 2.01(a2.02(a) may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date, and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: First Lien Credit Agreement (Mister Car Wash, Inc.)

Revolving Loan Commitment. During the Revolving Commitment Period, subject to the terms and conditions hereofhereof (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 in Dollars and/or any Alternative Currency (“Revolving Loans”) in an aggregate amount (expressed in the Dollar Amount thereof in the case of an Alternative Currency) up to but not exceeding such ▇▇▇▇▇▇’s Revolving Commitment; provided, provided that after giving effect to the making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the Line CapRevolving Commitments then in effect. 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 terms of Section 2.02), amounts Amounts borrowed pursuant to this Section 2.01(a2.02(a) may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date, and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement

Revolving Loan Commitment. 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 in Dollars and/or any Alternative Currency (“Revolving Loans”) in an aggregate amount (expressed in the Dollar Amount thereof in the case of an Alternative Currency) up to but not exceeding such ▇▇▇▇▇▇’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loans 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 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 all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Abl Revolving Credit Agreement (Petco Health & Wellness Company, Inc.)

Revolving Loan Commitment. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans to the Borrower from time (relative to time on such Lender, and of any Business Day in Dollars and/or any Alternative Currency (type, its “Revolving Loans”) in an from time to time during the Availability Period equal to such Revolving Lender’s Applicable Percentage of the aggregate amount (expressed in of the Dollar Amount thereof in Revolving Loan Borrowing requested by the case of an Alternative Currency) up Borrower to but not exceeding be made on such ▇▇▇▇▇▇’s Revolving Commitment; provideddate, that so long as after giving effect to thereto (a) such Revolving Lender’s Revolving Credit Exposure shall not exceed such Revolving Lender’s Applicable Percentage of the making Maximum Revolving Credit Amount and (b) the Revolving Credit Exposures of any all Revolving Loans in no event Lenders shall the Total Utilization of Revolving Commitments not exceed the Line CapMaximum Revolving Credit Amount. Within the foregoing limits and subject to the terms and conditions set forth herein (including herein, the Administrative Agent’s authorityBorrower may from time to time borrow, in its sole discretion, to make Protective Advances pursuant to repay and reborrow the terms of Section 2.02), amounts borrowed pursuant to this Section 2.01(a) Revolving Loans. Revolving Loans may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination DateABR Loans or SOFR Loans, and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateas further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Evolve Transition Infrastructure LP)

Revolving Loan Commitment. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans to the Borrower from time (relative to time on such Lender, and of any Business Day in Dollars and/or any Alternative Currency (type, its “Revolving Loans”) in an from time to time during the Availability Period equal to such Revolving Lender’s Applicable Percentage of the aggregate amount (expressed in of the Dollar Amount thereof in Revolving Loan Borrowing requested by the case of an Alternative Currency) up Borrower to but not exceeding be made on such ▇▇▇▇▇▇’s Revolving Commitment; provideddate, that so long as after giving effect to thereto (a) such Revolving Lender’s Revolving Credit Exposure shall not exceed such Revolving Lender’s Applicable Percentage of the making Maximum Revolving Credit Amount and (b) the Revolving Credit Exposures of any all Revolving Loans in no event Lenders shall the Total Utilization of Revolving Commitments not exceed the Line CapMaximum Revolving Credit Amount. Within the foregoing limits and subject to the terms and conditions set forth herein (including herein, the Administrative Agent’s authorityBorrower may from time to time borrow, in its sole discretion, to make Protective Advances pursuant to repay and reborrow the terms of Section 2.02), amounts borrowed pursuant to this Section 2.01(a) Revolving Loans. Revolving Loans may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination DateABR Loans or Eurodollar Loans, and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateas further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Evolve Transition Infrastructure LP)