Revolving Loan Facility. On the terms and subject to the conditions of this Agreement, each Revolving Lender severally agrees to advance to the Borrower from time to time during the period beginning on the Effective Date up to, but not including the Termination Date, such loans in Dollars as the Borrower may request under this Section 2.01(b) (individually, a “Revolving Loan”); provided, however, that (i) the sum of (A) the Effective Amount of all Revolving Loans made by such Lender at any time outstanding and (B) such Lender’s Revolving Proportionate Share of the Effective Amount of all L/C Obligations and all Swing Line Loans at any time outstanding shall not exceed such Lender’s Revolving Loan Commitment at such time and (ii) the sum of (A) the Effective Amount of all Revolving Loans made by all of the Revolving Lenders at any time outstanding and (B) the Effective Amount of all L/C Obligations and Swing Line Loans at any time outstanding shall not exceed the Revolving Loan Facility at such time. All Revolving Loans shall be made on a pro rata basis by the Revolving Lenders in accordance with their respective Revolving Proportionate Shares, with each Revolving Loan Borrowing to be comprised of a Revolving Loan by each Revolving Lender equal to such Lender’s Revolving Proportionate Share of such Revolving Loan Borrowing. Except as otherwise provided herein, the Borrower may borrow, repay and reborrow Revolving Loans until the Termination Date in respect of the Revolving Loan Facility.
Revolving Loan Facility. Subject to the terms and conditions of this Agreement, Bank shall make Revolving Loan Advances to Borrower from time to time, until the Termination Date ("Revolving Loan"), with the aggregate principal amount at any one time outstanding not to exceed the Revolving Loan Credit Limit, less the principal amount of all Letters of Credit outstanding. Borrower may use the Revolving Loan by borrowing, prepaying, and reborrowing the Available Amount, in whole or in part, without a prepayment fee except in the event of prepayment of LIBOR Rate Loans (as defined in the Revolving Note) prior to conclusion of an Interest Period.
Revolving Loan Facility. (A) Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date and to and excluding the Termination Date, upon the request of a Borrower pursuant to Subsection 2.5, each of the Lenders shall, severally in proportion to its Proportionate Share, make loans and advances to such Borrower (including Interim Revolving Loans) on a revolving credit basis (collectively, for all Borrowers, the "Revolving Loans"). The Revolving Loans advanced by each Lender to each Borrower shall be evidenced, in part, by a promissory note made by such Borrower in favor of such Lender (each, a "Revolving Note") substantially in the form attached hereto as Exhibit A with the blanks appropriately filled and, the provisions of any Revolving Note notwithstanding, shall become immediately due and payable as provided in Subsection 9.1 hereof, and, without notice or demand, upon the termination of this Agreement pursuant to Subsections 2.15 or 2.21(E) hereof.
Revolving Loan Facility. (a) Subject to the provisions of Section 3 below and subject to the other provisions and conditions of this Agreement, Lender shall make an advance or advances to Borrower on a revolving credit basis (each advance, a “Revolving Loan”) up to, in the aggregate, the amount of the Maximum Revolving Facility (such commitment being referred to herein as the “Revolving Commitment”). Each advance to Borrower under this Section 2.1 shall be in a principal amount of $500,000 or an integral multiple of $100,000 in excess thereof (or such other amount as Lender may agree in its discretion), and shall, on the day of such advance, be deposited in immediately available funds in such account as Borrower may, from time to time, designate. The Revolving Loan made under this Section 2.1 shall be evidenced, in part, by a promissory note of even date herewith in the form attached hereto as Exhibit A (the “Revolving Note”) with the blanks appropriately filled in. The Liabilities evidenced by the Revolving Note shall become immediately due and payable as provided in Section 8.1 hereof, and, without notice or demand, upon the termination of the Revolving Commitment pursuant to Section 2.7 hereof.
Revolving Loan Facility. (a) Revolving Loan Commitments. Each Bank severally agrees, on the terms and conditions set forth in this Agreement and for the purposes set forth in Section 5.4, to make Revolving Loan Advances to the Borrowers as such Bank’s ratable share of Revolving Loan Borrowings requested by the Borrowers from time to time on any Business Day during the period from the date of this Agreement until the Revolving Loan Maturity Date provided that (i) the aggregate outstanding principal amount of the Revolving Loan Advances made by such Bank plus such Bank’s ratable share of the Swing Line Loan plus such Bank’s ratable share of the Letter of Credit Exposure shall not exceed such Bank’s Revolving Loan Commitment, and (ii) the amount of the Revolving Loan plus the Swing Line Loan plus the amount of the Letter of Credit Exposure shall not exceed the lesser of (A) the aggregate amount of the Revolving Loan Commitments and (B) the Revolving Loan Borrowing Base. Revolving Loan Borrowings must be made in an amount equal to or greater than the applicable amounts set forth in Section 2.5. Within the limits expressed in this Agreement, the Borrowers may from time to time borrow, prepay, and reborrow Revolving Loan Borrowings. The indebtedness of each Borrower to the Banks resulting from the Revolving Loan Advances made by the Banks shall be evidenced by Revolving Loan Notes made by such Borrower. Notwithstanding anything to the contrary in this Agreement or any other Credit Document, the aggregate principal amount of the Initial Revolving Loan Borrowing shall not exceed $12,000,000, exclusive of any Existing Letters of Credit, and not more than $1,000,000 of the proceeds of the Initial Revolving Loan Borrowing shall be used to pay costs, fees and expenses related to the Susser Acquisition.
Revolving Loan Facility. Subject to the terms and conditions of this ----------------------- Agreement and to the extent of its Pro Rata Share of the Credit Limit, each Bank shall make Advances to Borrower from time to time, until the Termination Date ("Revolving Loan"), with the aggregate principal amount at any one time outstanding not to exceed the lesser of the Credit Limit or the Borrowing Base. Borrower may use the Revolving Loan by borrowing, prepaying and reborrowing the amounts available under the Revolving Loan, in whole or in part; provided that Borrower shall fully and finally pay off the Revolving Loan on the Termination Date. No Bank shall be liable for any failure of any other Bank to fund its Pro Rata Share of Advances. At no time shall any Bank be obligated to make Advances that exceed its Pro Rata Share of the Credit Limit. Each borrowing by Borrower under this Agreement shall constitute a representation and warranty by Borrower as of the date of each such borrowing that the conditions precedent contained in Sections 56 and 57 of this Agreement have been satisfied.
Revolving Loan Facility. On the terms and subject to conditions hereof, Lender agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time from the date hereof to the Termination Date in an aggregate principal amount at any one time outstanding which, when added to the Letter of Credit Obligations then outstanding, does not exceed the Maximum Line Amount (as the same may be increased or reduced from time to time under the terms of this Agreement, including Section 2.8 hereof, the “Revolving Loan Commitment”). During such period, the Borrower may use the Revolving Loan Commitment by borrowing, prepaying the Revolving Loan in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof and in the Revolving Note. The Borrower’s obligation to repay advances under the Revolving Loan Commitment shall be evidenced by the Revolving Note (as the same may be amended, supplemented or renewed, the “Revolving Note”) substantially in the form of Exhibit A, all terms of which are incorporated herein by this reference.
Revolving Loan Facility. Each Lender, severally and not jointly, agrees to lend to Borrower, from time to time during the period commencing on the date all conditions precedent set forth in Subsections 7.1 and 7.2 are satisfied or waived as provided herein and ending on the Business Day immediately preceding the Revolving Loan Expiration Date, its Pro Rata Share of each Revolving Loan (other than any Swingline Loan); provided that no Lender shall be required at any time to lend more than its respective Pro Rata Share of the Available Revolving Loan Commitment; and provided, further, that at any one time the aggregate principal amount of all Revolving Credit Obligations may not exceed the Revolving Loan Commitment. Within the limits of the Available Revolving Loan Commitment and this Subsection 1.1(C) and Subsections 1.6, 1.7 and 1.8, amounts borrowed under this Subsection 1.1(C) may be prepaid and reborrowed at any time up to the Business Day immediately preceding the Revolving Loan Expiration Date.
Revolving Loan Facility. (a) Subject to and upon the terms and conditions contained herein, each Lender severally (and not jointly) agrees to fund its Pro Rata Share of Revolving Loans to Borrowers, other than a Disqualified Borrower or Tenex, from time to time in amounts requested by any Borrower other than a Disqualified Borrower or Tenex (or on its behalf by Borrower Agent), up to the amount at any time outstanding equal to the Borrowing Base.
Revolving Loan Facility. The Administrative Agent shall have received (A) copies of all documentation in connection with the Revolving Loan Facility (including, without limitation, the Revolving Loan Agreement), and (B) evidence in form and substance satisfactory to the Administrative Agent that the Revolving Loan Facility has closed or will close concurrently with the Credit Facility.