Common use of Revolving Loan Facility Clause in Contracts

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 Borrower as such Bank's ratable share of Revolving Loan Borrowings requested by the Borrower 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 the aggregate outstanding principal amount of 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. Revolving Loan Borrowings must be made in an amount equal to or greater than $1,000,000, in the case of any Revolving Loan Borrowing comprised of a LIBOR Tranche, or $1,000,000, in the case of any Prime Rate Borrowing, and be made in multiples of $500,000, in the case of any Revolving Loan Borrowing comprised of a LIBOR Tranche, or $100,000, in the case of any Prime Rate Borrowing. Within the limits expressed in this Agreement, the Borrower may from time to time borrow, prepay, and reborrow Revolving Loan Borrowings. The indebtedness of the Borrower to the Banks resulting from the Revolving Loan Advances made by the Banks shall be evidenced by Revolving Loan Notes made by the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Integrated Electrical Services Inc), Credit Agreement (Integrated Electrical Services Inc)

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Revolving Loan Facility. (a) (i) 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 Borrower as such Bank's ratable share of Revolving Loan Borrowings requested by the Borrower from time to time on any Business Day during the period from the date of this Agreement until the Revolving Loan Maturity Date Date; provided that (i) the aggregate outstanding principal amount of 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 CommitmentCommitment and (ii) the aggregate outstanding principal amount of the Revolving Loan plus the Letter of Credit Exposure plus the aggregate outstanding principal amount of the Autoborrow Advances shall not exceed the aggregate Commitments. Revolving Loan Borrowings must be made in an amount equal to or greater than $1,000,000, in the case of any (A) with respect to Revolving Loan Borrowing comprised of a LIBOR TrancheAdvances bearing interest based on the Prime Rate, or $1,000,000, 100,000 and in the case of any Prime Rate Borrowing, and be made in integral multiples of $500,000, 100,000 in the case of any excess thereof and (B) with respect to Revolving Loan Borrowing comprised Advances bearing interest based on LIBOR, $300,000 and in integral multiples of a LIBOR Tranche, or $100,000, 100,000 in the case of any Prime Rate Borrowingexcess thereof. Within the limits expressed in this Agreement, the Borrower may from time to time borrow, prepay, and reborrow Revolving Loan Borrowings. The indebtedness of the Borrower to the Banks resulting from the Revolving Loan Advances made by the Banks shall be evidenced by Revolving Loan Notes made by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Hydrochem Industrial Services Inc)

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 Borrower as such Bank's ratable share of Revolving Loan Borrowings requested by the Borrower from time to time on any Business Day during the period from the date of this Agreement Effective Date until the Revolving Loan Maturity Date provided that the aggregate outstanding principal amount of 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. Revolving Loan Borrowings must be made in an amount equal to or greater than $1,000,000, in the case of any Revolving Loan Borrowing comprised of a LIBOR Tranche, or $1,000,000500,000, in the case of any Prime Rate BorrowingBorrowing comprised of a Prime Rate Tranche, and be made in multiples of $500,0001,000,000, in the case of any Revolving Loan Borrowing comprised of a LIBOR Tranche, or $100,000, in the case of any Prime Rate BorrowingBorrowing comprised of a Prime Rate Tranche. Within the limits expressed in this Agreement, the Borrower may from time to time borrow, prepay, and reborrow Revolving Loan Borrowings. The indebtedness of the Borrower to the Banks resulting from the Revolving Loan Advances made by the Banks shall be evidenced by Revolving Loan Notes made by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Eagle Usa Airfreight Inc)

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 Borrower Borrowers as such Bank's ’s ratable share of Revolving Loan Borrowings requested by the Borrower 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 ’s ratable share of the Swing Line Loan plus such Bank's ’s ratable share of the Letter of Credit Exposure shall not exceed such Bank's ’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 $1,000,000, the applicable amounts set forth in the case of any Revolving Loan Borrowing comprised of a LIBOR Tranche, or $1,000,000, in the case of any Prime Rate Borrowing, and be made in multiples of $500,000, in the case of any Revolving Loan Borrowing comprised of a LIBOR Tranche, or $100,000, in the case of any Prime Rate BorrowingSection 2.5. Within the limits expressed in this Agreement, the Borrower Borrowers may from time to time borrow, prepay, and reborrow Revolving Loan Borrowings. The indebtedness of the 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 Borrowercontrary 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.

Appears in 1 contract

Samples: Credit Agreement (Susser Holdings CORP)

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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 Borrower as such Bank's ratable share of Revolving Loan Borrowings requested by the Borrower 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 the aggregate outstanding principal amount of Revolving Loan Advances made by such Bank plus such Bank's ratable share of the aggregate outstanding principal amount of the Swing Line Loan Loans plus such Bank's ratable share of the Letter of Credit Exposure shall not exceed the lesser of (i) such Bank's Revolving Loan CommitmentCommitment and (ii) such Bank's Revolving Loan Percentage of the Borrowing Base then in effect. Revolving Loan Borrowings must be made in an amount equal to or greater than $1,000,000, in the case of any Revolving Loan Borrowing comprised of a LIBOR Tranche, or $1,000,000, in the case of any Prime Rate Borrowing, and be made in multiples of $500,000, in the case of any Revolving Loan Borrowing comprised of a LIBOR Tranche, or $100,000, in the case of any Prime Rate Borrowing. Any Revolving Loan Borrowing made on the Closing Date shall initially be a Prime Rate Borrowing, but may be immediately converted to a LIBOR Tranche in accordance with Section 2.6(a). Within the limits expressed in this Agreement, the Borrower may from time to time borrow, prepay, and reborrow Revolving Loan Borrowings. The indebtedness of the Borrower to the Banks resulting from the Revolving Loan Advances made by the Banks shall be evidenced by Revolving Loan Notes made by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (NBH Holdings Co Inc)

Revolving Loan Facility. (a) 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 Borrower as such Bank's ratable share of Revolving Loan Borrowings requested by the Borrower from time to time on any Business Day during the period from the date of this Agreement until the Revolving Loan Maturity Date Date; provided that the aggregate outstanding principal amount of Revolving Loan Advances made by such Bank plus such Bank's ratable share of the aggregate outstanding principal amount of the Swing Line Loan Loans plus such Bank's ratable share of the Letter of Credit Exposure shall not exceed such Bank's Revolving Loan Commitment. Revolving Loan Borrowings must be made in an amount equal to or greater than $1,000,000, in the case of any Revolving Loan Borrowing comprised of a LIBOR Tranche, or $1,000,000, in the case of any Prime Rate Borrowing, and be made in multiples of $500,000, in the case of any Revolving Loan Borrowing comprised of a LIBOR Tranche, or $100,000, in the case of any Prime Rate Borrowing. Any Revolving Loan Borrowing made on the Closing Date shall initially be a Prime Rate Borrowing, but may be immediately converted to a LIBOR Tranche in accordance with Section 2.6(a). Within the limits expressed in this Agreement, the Borrower may from time to time borrow, prepay, and reborrow Revolving Loan Borrowings. The indebtedness of the Borrower to the Banks resulting from the Revolving Loan Advances made by the Banks shall be evidenced by Revolving Loan Notes made by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Integrated Electrical Services Inc)

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