Common use of Revolving Loans and Borrowings Clause in Contracts

Revolving Loans and Borrowings. On the terms and subject to the conditions set forth herein, each Lender severally agrees to make Loans to Borrower from time to time as set forth herein (each a “Revolving Loan”, and collectively, “Revolving Loans”) equal to such Lender’s Revolving Loan Commitment Percentage of Revolving Loans requested by Borrower hereunder, provided that after giving effect thereto, the Revolving Loan Outstandings shall not exceed the Revolving Loan Limit. Within the foregoing limits, Borrower may borrow under this Section 2.1, may prepay or repay Revolving Loans from time to time and may reborrow Revolving Loans pursuant to this Section 2.1.

Appears in 3 contracts

Sources: Credit Agreement (Warren Resources Inc), Credit Agreement (Warren Resources Inc), Credit Agreement (Warren Resources Inc)

Revolving Loans and Borrowings. On the terms and subject to the conditions set forth herein, each Lender severally agrees to make Loans to Borrower from time to time as set forth herein (each a “Revolving Loan”, and collectively, “Revolving Loans”) equal to such Lender’s Revolving Loan Commitment Percentage of Revolving Loans requested by Borrower hereunder, provided that after giving effect thereto, the Revolving Loan Outstandings shall not exceed the Revolving Loan Limit. Within the foregoing limits, Borrower may borrow under this Section 2.12.2(a)(i), may prepay or repay Revolving Loans from time to time and may reborrow re-borrow Revolving Loans pursuant to this Section 2.12.2(a)(i).

Appears in 1 contract

Sources: Credit Agreement (Obagi Medical Products, Inc.)

Revolving Loans and Borrowings. On the terms and subject to the conditions set forth herein, each Lender severally agrees to make Loans to Borrower from time to time as set forth herein (each a “Revolving Loan”, and collectively, “Revolving Loans”) equal to such Lender’s Revolving Loan Commitment Percentage of Revolving Loans requested by Borrower hereunder, provided that after giving effect thereto, the Revolving Loan Outstandings shall not exceed the Revolving Loan Limit. Within the foregoing limits, Borrower may borrow under this Section 2.12.6, may prepay or repay Revolving Loans from time to time and may reborrow Revolving Loans pursuant to this Section 2.12.6.

Appears in 1 contract

Sources: Credit Agreement (Palace Entertainment Holdings, Inc.)