Revolving Loan Commitments. Subject to the terms and conditions set forth herein, each Lender severally agrees to make Loans to the Borrower in Dollars from time to time during the Availability Period applicable to such Lender in an aggregate principal amount that will not result in (i) the amount of such ▇▇▇▇▇▇’s Revolving Credit Exposure exceeding such ▇▇▇▇▇▇’s Revolving Loan Commitment or (ii) the sum of the total Revolving Credit Exposures exceeding the sum of all Revolving Loan Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.
Appears in 4 contracts
Sources: Credit Agreement (Cleco Corporate Holdings LLC), Credit Agreement (Cleco Power LLC), Credit Agreement (Cleco Power LLC)
Revolving Loan Commitments. Subject to the terms and conditions set forth herein, each Lender severally agrees to make Loans to the Borrower in Dollars from time to time during the Availability Period applicable to such Lender in an aggregate principal amount that will not result in (i) the amount of such ▇▇▇▇▇▇Lender’s Revolving Credit Exposure exceeding such ▇▇▇▇▇▇Lender’s Revolving Loan Commitment or (ii) the sum of the total Revolving Credit Exposures exceeding the sum of all Revolving Loan Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.
Appears in 2 contracts
Sources: Credit Agreement (Cleco Power LLC), Credit Agreement (Cleco Corporate Holdings LLC)
Revolving Loan Commitments. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make Revolving Loans to the Borrower in Dollars from time to time during the Availability Period applicable to such Lender in an aggregate principal amount that will not result in (ia) the amount of such ▇▇▇▇▇▇’s Lender's Revolving Credit Exposure exceeding such ▇▇▇▇▇▇’s Lender's Revolving Loan Commitment as set forth on SCHEDULE 2.01 or (iib) the sum of the total Revolving Credit Exposures exceeding the sum of all total Revolving Loan Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Service Corporation International)