Revolving Loans and Letters of Credit. Subject to the terms and conditions contained in this Agreement, including Sections 1.3 and 1.6, Lender shall, from time to time prior to the Maturity Date, at Borrowing Agent’s request, (i) make revolving loans to Borrowers (“Revolving Loans”), and (ii) make, or cause or permit a Participant (as defined in Section 10.10) to make, letters of credit (“Letters of Credit”) available to Borrowers; provided, that after giving effect to each such Revolving Loan and each such Letter of Credit, (A) the outstanding balance of all Revolving Loans and the Letter of Credit Balance will not exceed the lesser of (x) the Maximum Revolving Facility Amount, minus Reserves and (y) the Borrowing Base, and (B) none of the other Loan Limits for Revolving Loans will be exceeded. All Revolving Loans shall be made in and repayable in Dollars.
Revolving Loans and Letters of Credit. The Borrower will use the proceeds of the Loans and Letters of Credit for acquisitions permitted hereunder, to repay debt which is assumed in connection with such acquisitions, to pay distributions, for working capital, and other general corporate purposes not in contravention of any Governmental Requirement or of any Loan Document.
Revolving Loans and Letters of Credit. Subject to the terms and conditions contained in this Agreement, including Sections 1.3 and 1.6, each Lender with a Revolving Loan Commitment shall (severally, not jointly and severally), from time to time prior to the Maturity Date, at Borrowing Agent’s request, (i) make revolving loans to Borrowers (“Revolving Loans”), and (ii) make, or cause or permit a Participant (as defined in Section 10.10) to make, letters of credit (“Letters of Credit”) available to Borrowers in an amount not to exceed such Lender’s Pro Rata Share of such Revolving Loans and/or Letters of Credit; provided, that after giving effect to each such Revolving Loan and each such Letter of Credit, (A) the outstanding balance of all Revolving Loans and the Letter of Credit Balance will not exceed the lesser of (x) the Maximum Revolving Facility Amount, minus Reserves and (y) the Borrowing Base, and (B) none of the other Loan Limits for Revolving Loans will be exceeded. All Revolving Loans shall be made, and repayable, in Dollars.
Revolving Loans and Letters of Credit. (a) Subject to the terms and conditions of this Agreement, the Lender agrees to make Revolving Loans to the Borrowers from time to time until the Termination Date in an aggregate principal amount not to exceed at any one time outstanding the Maximum Amount. Up to the Maximum Amount, the Borrowers may borrow, repay without penalty and reborrow hereunder from the date of this Agreement until the Termination Date; provided, however, that no Revolving Loan will be disbursed by the Lender if, after such disbursement the aggregate principal amount of the Revolving Loans and outstanding Letters of Credit would exceed the Borrowing Base.
Revolving Loans and Letters of Credit. The proceeds of the Revolving Loans shall be used by the Borrower (i) to pay in full the Reducing Revolver Credit Facility, and (ii) to finance the acquisition, construction and/or equipping of Theaters hereafter acquired by the Borrower and for other general corporate purposes of the Borrower. The Letters of Credit shall be used to secure the Borrower's obligations under Operating Leases, capital leases and other contracts, permits, applications and agreements to which the Borrower is obligated.
Revolving Loans and Letters of Credit. 2.01 The Bank agrees, on the terms herein set forth, to make revolving loan advances (the "Advances") from time to time during the period from the date hereof to the Termination Date in an amount equal to $15,000,000 (or such higher amount as the parties hereto may from time to time agree) (the "Revolving Loan Committed Amount"). The Bank agrees that a portion of the Advances shall be available to Trimmings in U.K. Pounds Sterling (the "Sterling Advances") in an aggregate amount up to (pound)5,000,000 at any time outstanding. The Bank agrees that the remaining portion of the Advances shall be available to Conso in U.S. dollars (the "Dollar Advances"). Within the limits set forth herein and in the Sterling Note (as hereinafter defined) and the Dollar Note (as hereinafter defined), the Bank shall make Advances, accept payments and prepayments pursuant to the terms hereof and readvance any amount so paid or prepaid.
Revolving Loans and Letters of Credit. (i) If the Administrative Agent notifies the Borrower at any time that the sum of the total Revolving Credit Exposures exceeds the total Revolving Commitments then in effect, then, within two Business Days after receipt of such notice, the Borrower shall prepay Revolving Loans and/or Cash Collateralize the LC Exposure in an aggregate amount sufficient to cause the total Revolving Credit Exposures to be less than or equal to the total Revolving Commitments then in effect. The Administrative Agent shall provide such notice to the Borrower upon the request of any Revolving Lender if at such time the sum of the total Revolving Credit Exposures exceeds the total Revolving Commitments then in effect. The Administrative Agent may, at any time and from time to time after the initial deposit of any Cash Collateral, request that additional Cash Collateral be provided in order to protect against the results of exchange rate fluctuations.
Revolving Loans and Letters of Credit. (a) Subject to the terms and conditions set forth in this Agreement, the Bank will make loans ("Revolving Loans") to the Borrower at the Principal Office of the Bank in an aggregate principal amount at any time outstanding not exceeding the lesser of (i) the Borrowing Base or (ii) the Line of Credit Amount (less the aggregate amount then available to be drawn under outstanding Letters of Credit) on any Banking Day prior to the first to occur of (i) the Expiration Date or (ii) the earlier termination pursuant to Section 7.02(b) of the Line of Credit, in such amounts as the Borrower may request in accordance with Section 2.03. Revolving Loans shall be evidenced by and payable in accordance with the terms of the Line of Credit Note. Principal of Revolving Loans that is prepaid may be reborrowed.
Revolving Loans and Letters of Credit. There shall be no Revolving Loans drawn on the Closing Date. There shall be no Letters of Credit outstanding on the Closing Date (other than the Existing Letters of Credit).
Revolving Loans and Letters of Credit. (a) Subject to the terms and conditions and relying upon the representations and warranties set forth herein and in the other Loan Documents, each Bank agrees, severally and not jointly, to make its Commitment Percentage of advances to the Borrower (collectively, the "LOANS"), at any time and from time to time on and after the Effective Date and up to, but excluding, the Maturity Date, in an aggregate principal amount at any one time outstanding not to exceed such Bank's Commitment Percentage of an amount equal to the Borrowing Base then in effect. Notwithstanding the foregoing, Borrower shall not be entitled to obtain a Loan(s) from a Bank and no Bank shall be permitted to make Loans to Borrower in an amount which, after giving effect to such Loan(s), would cause the Utilized Credit to exceed the Borrowing Base then in effect. Except as otherwise provided in this Credit Agreement, the Loans shall mature and be due and payable in full on the Maturity Date. Until the Maturity Date, the Commitments of the Banks are revolving in nature and, within the limits set forth above and subject to the terms and provisions of this Credit Agreement, the Borrower may borrow, repay and reborrow hereunder. Each Borrowing comprised of Loans shall be made in accordance with the procedures set forth in SECTION 2.2 and shall be in an aggregate principal amount (x) in the case of a Base Rate Borrowing, $500,000 or a whole multiple of $100,000 in excess thereof (or, if the then Unused Availability is less than $500,000, such lesser amount) and (y) in the case of a Eurodollar Borrowing, $500,000 or a whole multiple of $500,000 in excess thereof. The Loans may from time to time be (i) Eurodollar Loans, (ii) Base Rate Loans or (iii) a combination thereof, as determined by the Borrower and notified to the Agent in accordance with SECTIONS 2.2 AND 2.4.
