Common use of Revolving Loans Clause in Contracts

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 6 contracts

Samples: Credit Agreement (AdaptHealth Corp.), Credit Agreement (Ebix Inc), Credit Agreement (Neogenomics Inc)

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Revolving Loans. During Each Revolving Lender agrees, severally and not jointly, on the terms and conditions of this Agreement, to make revolving loans (the “Revolving Loans”) to Borrower in Dollars from time to time, on any Business Day during, with respect to any Revolving Commitment of such Revolving Lender, the Revolving Availability Period applicable to such Revolving Commitment, in an aggregate principal amount at any one time outstanding not exceeding the amount of the Revolving Commitment Periodof such Revolving Lender as in effect from time to time; provided, subject however, that, after giving effect to any Borrowing of Revolving Loans, (i) the sum of the aggregate principal amount of (without duplication) all Revolving Loans then outstanding plus the aggregate amount of all L/C Liabilities shall not exceed the Total Revolving Commitments as in effect at such time, (ii) the Revolving Exposure of such Revolving Lender shall not exceed such Revolving Lender’s Revolving Commitments in effect at such time, (iii) the Revolving Tranche Exposure of such Revolving Lender in respect of any Tranche of Revolving Commitments shall not exceed such Revolving Lender’s Revolving Commitment of such Tranche in effect at such time and (iv) the Revolving Tranche Exposure of all Revolving Lenders in respect of any Tranche of Revolving Commitments shall not exceed the aggregate Revolving Commitments of such Tranche in effect at such time. Subject to the terms and conditions hereofof this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the applicable Revolving Commitment Availability Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on borrow, repay and re-borrow the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and amount of the Revolving Commitments shall be paid in full no later than such dateby means of ABR Loans and LIBOR Loans.

Appears in 6 contracts

Samples: Credit Agreement (Wynn Resorts LTD), Credit Agreement (Wynn Las Vegas LLC), Credit Agreement (Wynn Resorts LTD)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) in Dollars to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Total Facility Outstandings shall not exceed the Borrowing Base, and (iii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.05(a), and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 6 contracts

Samples: Credit Agreement (Ryman Hospitality Properties, Inc.), Security Agreement (Ryman Hospitality Properties, Inc.), Credit Agreement (Ryman Hospitality Properties, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Loans or Eurocurrency Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire further provided herein, provided, however, all Borrowings made on the Revolving Commitment Termination Closing Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datemade as Base Rate Loans.

Appears in 6 contracts

Samples: Credit Agreement (Aegion Corp), Credit Agreement (Insituform Technologies Inc), Credit Agreement (Aegion Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 5 contracts

Samples: Credit Agreement (Torchmark Corp), Credit Agreement (Torchmark Corp), Credit Agreement (Athenahealth Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 5 contracts

Samples: Credit Agreement (California Water Service Group), Credit Agreement (World Fuel Services Corp), Credit Agreement (California Water Service Group)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of all Revolving Loans and L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, any Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Loans or Eurocurrency Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 4 contracts

Samples: Credit Agreement (Cantel Medical Corp), Credit Agreement (Cantel Medical Corp), Credit Agreement (Cantel Medical Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender having a Revolving Commitment severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower (or to distribute as directed by the Borrower the proceeds of such Revolving Loan to the Borrower) from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swingline Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05(a), and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 4 contracts

Samples: Credit Agreement (Cincinnati Bell Inc), Credit Agreement (Cincinnati Bell Inc), Credit Agreement (Cincinnati Bell Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Floating Rate Loans or Eurodollar Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 4 contracts

Samples: Credit Agreement (Piedmont Natural Gas Co Inc), Credit Agreement (Piedmont Natural Gas Co Inc), Credit Agreement (Piedmont Natural Gas Co Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Total Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Pro Rata Percentage of the Outstanding Amount of all Letter of Credit Obligations, plus such Lender’s Pro Rata Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 4 contracts

Samples: Credit Agreement (Penson Worldwide Inc), Credit Agreement (Penson Worldwide Inc), Credit Agreement (Penson Worldwide Inc)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, provided that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 3 contracts

Samples: Credit Agreement (Computer Programs & Systems Inc), Credit Agreement (Computer Programs & Systems Inc), Credit Agreement (Computer Programs & Systems Inc)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.. (b)

Appears in 3 contracts

Samples: Credit Agreement (Ebix Inc), Credit Agreement (Ebix Inc), Credit Agreement (Orion Group Holdings Inc)

Revolving Loans. During Prior to the Closing Date, certain revolving loans were previously made to the Borrower under the Existing Credit Agreement which remain outstanding as of the Closing Date (such outstanding revolving loans being hereinafter referred to as the “Existing Revolving Commitment PeriodLoans”). Subject to the terms and conditions set forth in this Agreement, the parties hereto agree that on the Closing Date, but subject to the reallocation and other transactions described in Section 1.4, the Existing Revolving Loans shall be re-evidenced as Revolving Loans under this Agreement and the terms of the Existing Revolving Loans shall be restated in their entirety and shall be evidenced by this Agreement. From and including the Closing Date and prior to the Maturity Date, subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees and not jointly agrees, on the terms and conditions set forth in this Agreement, to (i) make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower in an Agreed Currencies from time to time and (ii) participate in Facility LCs issued upon the request of the Borrower, in each case in Dollar Amounts not to exceed in the aggregate amount up to but not exceeding such Lender’s Pro Rata Share of the Available Aggregate Revolving Loan Commitment; provided, provided that after giving effect to the making of any Revolving Loan, (i) except as provided in Section 2.4.3, at no time shall the Total Dollar Amount of the Aggregate Outstanding Revolving Outstandings shall not Credit Exposure hereunder exceed the Aggregate Revolving CommitmentsLoan Commitment, (ii) all Floating Rate Loans shall be made in Dollars, and (iiiii) except as provided in Section 2.4.3, at no time shall the aggregate outstanding Dollar Amount of all Revolving Credit Exposure Loans denominated in Foreign Currencies exceed the Foreign Currency Sublimit. Unless the Borrower has delivered to the Administrative Agent an Indemnification Letter (or entered into a similar undertaking reasonably acceptable to the Administrative Agent, which may be set forth in a Borrowing Notice) on or before the third (3rd) Business Day prior to the Closing Date with respect to all Revolving Loans requested to be made as Eurocurrency Advances on the Closing Date or on or before the third (3rd) Business Day thereafter, the Loans made on the Closing Date or on or before the third (3rd) Business Day thereafter shall initially be Floating Rate Loans and thereafter may be continued as Floating Rate Loans or converted into Eurocurrency Loans in the manner provided in Section 2.8 and subject to the other conditions and limitations therein set forth and set forth in this Article II and set forth in the definition of any Interest Period. Revolving Loans made after the third (3rd) Business Day after the Closing Date shall be, at the option of the Borrower, selected in accordance with Section 2.8, either Floating Rate Loans or Eurocurrency Loans. Each Advance under this Section 2.2 shall consist of Revolving Loans made by each Revolving Lender shall not exceed ratably in proportion to such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Periodrespective Pro Rata Share. The Revolving Loans may consist LC Issuers will issue Facility LCs hereunder on the terms and conditions set forth in Section 2.24. Subject to the terms of Base Rate Loansthis Agreement, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, repay and reborrow Revolving Loans at any time prior to the Maturity Date. Each Lender’s Revolving Commitment On the Maturity Date, the commitment of each Lender to lend hereunder shall automatically expire on and the Borrower shall repay in full the outstanding principal balance of the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to Loans. Additionally, the Revolving Loans and Borrower shall make the Revolving Commitments shall be paid mandatory prepayments prescribed in full no later than such dateSection 2.4.3.

Appears in 3 contracts

Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Loans or Eurocurrency Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire further provided herein, provided, however, all Borrowings made on the Revolving Commitment Termination Closing Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datemade as Base Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Cadence Design Systems Inc), Credit Agreement (Cadence Design Systems Inc), Credit Agreement (Bottomline Technologies Inc /De/)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Company or if applicable a Designated Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsLine Cap, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender (other than Swing Line Loans), plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations (other than Cash Collateralized L/C Obligations), plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR as further provided herein; provided, however, that all Borrowings made on the Closing Date shall be made as Base Rate Loans, or Loans unless the Company has provided a combination thereof, as funding indemnity letter to the Borrower may requestAdministrative Agent on a timely basis in form and substance acceptable to the Administrative Agent. Each Lender’s Revolving Commitment Lender may, at its option, make any Loan available to any Borrower by causing any foreign or domestic branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall expire on not affect the Revolving Commitment Termination Date obligation of such Borrower to repay such Loan in accordance with the terms of this Agreement, and all Revolving Loans such Lender shall not be entitled to any amounts payable under Section 3.01 or Section 3.04 solely in respect of increased costs resulting from such exercise and all other amounts owed hereunder with respect to existing at the Revolving Loans and the Revolving Commitments shall be paid in full no later than time of such dateexercise.

Appears in 3 contracts

Samples: Credit Agreement (RR Donnelley & Sons Co), Credit Agreement (RR Donnelley & Sons Co), Credit Agreement (RR Donnelley & Sons Co)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans to the Borrower in Dollars, at any time and from time to time, during the period from the Effective Date to the Maturity Date (each such loan, a “Revolving Loan” and collectively the “Revolving Loans) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment); provided, however, that after giving effect to the making of any Revolving Loan, (ia) the Total sum of the aggregate amount of Revolving Outstandings Loans outstanding plus the aggregate amount of Swingline Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Aggregate Revolving Commitments, Committed Amount and (iib) the with respect to each individual Revolving Credit Exposure Lender, such Revolving Lender’s pro rata share of any Lender outstanding Revolving Loans plus such Revolving Lender’s pro rata share of outstanding LOC Obligations plus its pro rata share of Swingline Loans shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during Commitment Percentage of the Revolving Commitment PeriodCommitted Amount. The Revolving Loans may consist Subject to the terms of Base Rate Loansthis Credit Agreement, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, repay and reborrow Revolving Loans. Each Lender’s Revolving Commitment Unless earlier terminated pursuant to other provisions of this Credit Agreement, the Commitments hereunder shall expire terminate on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateMaturity Date.

Appears in 2 contracts

Samples: Credit Agreement (DCP Midstream Partners, LP), Credit Agreement (DCP Midstream Partners, LP)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loanRevolving Loans, a “Revolving Loan”) ratably in proportion to its Pro Rata Share, to the Borrower Borrower, from time to time during the Availability Period, in an aggregate principal amount up to but outstanding at any time that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Revolving CommitmentCommitment or (b) the aggregate Revolving Credit Exposures of all Lenders exceeding the Aggregate Revolving Commitment Amount. During the Availability Period, the Borrower shall be entitled to borrow, prepay and reborrow Revolving Loans in accordance with the terms and conditions of this Agreement; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestnot borrow or reborrow should there exist a Default or Event of Default or any of the other conditions in Section 3.2 shall not have been satisfied. Each Lender’s Revolving Commitment shall expire Notwithstanding anything herein, on the Revolving Commitment Termination Date and Closing Date, all Revolving Loans shall be Eurodollar Loans. The execution and delivery of this Agreement by the Borrower and the satisfaction of all other amounts owed hereunder with respect conditions precedent pursuant to Section 3.1 shall be deemed to constitute the Borrower’s request to borrow the Revolving Loans and on the Revolving Commitments shall be paid in full no later than such dateClosing Date.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Tc Pipelines Lp), Revolving Credit Agreement (Tc Pipelines Lp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofof this Agreement, each Lender severally agrees to make revolving loans (each such loanLoan, a “Revolving Loan”) to the Borrower in US Dollars or in one or more Alternative Currencies from time to time, subject to the provisions of Section 2.4, from the Closing Date to the Maturity Date in an aggregate principal amount at any time outstanding up to but not exceeding the amount of such Lender’s Revolving CommitmentCommitment as then in effect; provided, that after giving effect to the making of any Revolving Loanhowever, (i) the Total aggregate Outstanding Amount of the Revolving Outstandings Loans of such Lender plus such Lender’s Commitment Percentage of the Outstanding Amount of all L/C Obligations plus such Lender’s Commitment Percentage of the Outstanding Amount of all Swingline Loans shall not at any time exceed the Aggregate Revolving Commitmentssuch Lender’s Commitment, and (ii) the Outstanding Amount of Revolving Credit Exposure Loans denominated in Alternative Currencies plus the Outstanding Amount of L/C Obligations denominated in Alternative Currencies shall not at any time exceed the Alternative Currency Sublimit, and (iii) the Total Outstandings shall not at any time exceed the Aggregate Commitments. Subject to the foregoing limitations, and the other terms and provisions of this Agreement, the Borrower may borrow, prepay and reborrow Revolving Loans hereunder. Revolving Loans may be Base Rate Loans or Libor Loans. Until the Maturity Date, the Borrower may Continue Libor Loans or Convert Revolving Loans of one Type into Revolving Loans of another Type. Each Type of Revolving Loan advanced by each Lender shall not exceed be established and maintained at such Lender’s Applicable Lending Office for such Type of Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateLoan.

Appears in 2 contracts

Samples: Credit Agreement (Williams Sonoma Inc), Credit Agreement (Williams Sonoma Inc)

Revolving Loans. During Subject to and upon the terms and conditions contained herein, each Lender severally (and not jointly) agrees to make its Pro Rata Share of Revolving Commitment PeriodLoans in Dollars to the Borrowers from time to time from the Closing Date to the Maturity Date in amounts requested by the Administrative Borrower on behalf of the Borrowers; provided that, subject to the terms of Section 2.8, after giving effect to any Revolving Loan (a) the Total Outstandings shall not at any time exceed the lesser of (i) the Borrowing Base and (ii) the Aggregate Commitment and (b) the aggregate outstanding principal amount of all Revolving Loans of each Lender, together with such Lender’s Pro Rata Share of the aggregate outstanding principal amount of all Swingline Loans and Letter of Credit Obligations, shall not exceed such Lender’s Commitment. Subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loanthe Borrowers may borrow, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, repay and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The reborrow Revolving Loans until the Maturity Date; provided that the Borrowers may consist not borrow during any Cash Dominion Grace Period unless the Company has waived application of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateCash Dominion Grace Period.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mohawk Industries Inc), Loan and Security Agreement (Mohawk Industries Inc)

Revolving Loans. During Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Loans to Borrower in aggregate amounts outstanding at any time equal to such Lender’s Pro Rata Share of an amount equal to, as of any date of determination, (i) the Maximum Revolver Amount minus (ii) the aggregate amount of all Revolving Loans and Swing Loans then outstanding plus the Maximum Undrawn Amount of all Letters of Credit then outstanding. The Revolving Loans shall be evidenced by one or more secured promissory notes (collectively, the “Revolving Loan Note”) substantially in the form attached hereto as Exhibit 2.1. Notwithstanding anything to the contrary contained in the foregoing or otherwise in this Agreement, (x) the outstanding aggregate principal amount of Swing Loans and the Revolving Commitment PeriodLoans at any one time outstanding plus the Maximum Undrawn Amount of all Letters of Credit then outstanding shall not exceed the Maximum Revolver Amount and (y) Agent shall have the right (but not the obligation) to establish from time to time Bank Product Reserves against the Maximum Revolving Loan Amount. Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions hereofof this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to reborrowed at any time during the Borrower in an aggregate term of this Agreement. The outstanding principal amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Swing Loans and all other amounts owed hereunder extensions of credit hereunder, together with respect interest accrued and unpaid thereon, shall be due and payable on the Maturity Date or, if earlier, on the date on which they are declared due and payable pursuant to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateterms of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (LiveVox Holdings, Inc.), Credit Agreement (LiveVox Holdings, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, provided that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans and Bid Loans of any Lender Lender, plus such Lender’s Applicable Revolving Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Revolving Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of all Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.07, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 2 contracts

Samples: Assignment and Assumption (Equifax Inc), Credit Agreement (Equifax Inc)

Revolving Loans. During (a) The Lender shall, upon the Revolving Commitment PeriodBorrower's request from time to time, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “the "Revolving Loan”Loans") to the Borrower in an aggregate amount up to but not exceeding such the limits of the Availability. The Lender’s Revolving Commitment; provided, that after giving effect in its discretion, may elect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitmentslimits of the Availability on one or more occasions, and (ii) but if it does so, the Revolving Credit Exposure of any Lender shall not be deemed thereby to have changed the limits of the Availability or to be obligated to exceed such Lender’s Revolving Commitmentthe limits of the Availability on any other occasion. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during If the unpaid balance of the Revolving Commitment PeriodLoans exceeds the Availability (determined for this purpose as if the amount of the Revolving Loans were zero), then the Lender may refuse to make or otherwise restrict Revolving Loans on such terms as the Lender determines until such excess has been eliminated. The Borrower may request Revolving Loans may consist either telephonically or in writing. Each oral request for a Revolving Loan shall be conclusively presumed to be made by a person authorized by the Borrower to do so and the crediting of Base Rate Loans, Adjusted LIBOR Rate Loansa Revolving Loan to the Borrower's deposit account, or a combination thereof, transmittal to such Person as the Borrower may requestshall direct, shall conclusively establish the obligation of the Borrower to repay such Revolving Loan as provided herein. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and The Lender will charge all Revolving Loans and all other amounts owed hereunder Obligations to a loan account of the Borrower maintained with respect the Lender. All fees, commissions, costs, expenses, and other charges under or pursuant to the Loan Documents, and all payments made and out-of-pocket expenses incurred by the Lender pursuant to the Loan Documents, will be charged as Revolving Loans and to the Revolving Commitments shall be Borrower's loan account as of the date due from the Borrower or the date paid in full no later than such dateor incurred by the Lender, as the case may be.

Appears in 2 contracts

Samples: Loan and Security Agreement (Paradyne Corp), Loan and Security Agreement (Great Train Store Co)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a "Revolving Loan") to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s 's Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender's Applicable Percentage of the Outstanding Amount of all L/C Obligations plus such Lender's Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s 's Revolving Commitment and (iii) the aggregate Outstanding Amount of all Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender's Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Samples: Credit Agreement (Wright Medical Group Inc), Credit Agreement (Wright Medical Group Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; providedprovided that, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall Credit Exposure does not exceed the Aggregate Revolving CommitmentsLine Cap, and (ii) the aggregate amount of such Lender’s Revolving Credit Exposure of any Lender shall does not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Rate Fixed Period Eurodollar Loans or Daily Floating Eurodollar Loans, or a combination thereofas further provided herein. Notwithstanding anything to the contrary herein, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all each Lender may, at its option, make Revolving Loans available to any Non-U.S. Borrower by causing any foreign or domestic branch or Affiliate of such Lender to make such Revolving Loans; provided, that any exercise of such option shall not affect the obligation of such Non-U.S. Borrower to repay such Revolving Loan in accordance with the terms of this Agreement and to comply with all other amounts owed hereunder with respect to the Revolving Loans terms and the Revolving Commitments shall be paid in full no later than such dateconditions of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (KKR Financial Holdings LLC), Credit Agreement (KKR Financial Holdings LLC)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Company or if applicable a Designated Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR as further provided herein; provided, however, that all Borrowings made on the Closing Date shall be made as Base Rate Loans, or Loans unless the Company has provided a combination thereof, as funding indemnity letter to the Borrower may requestAdministrative Agent on a timely basis in form and substance acceptable to the Administrative Agent. Each Lender’s Revolving Commitment Lender may, at its option, make any Loan available to any Borrower that is a Foreign Subsidiary by causing any foreign or domestic branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall expire on not affect the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder obligation of such Borrower that is a Foreign Subsidiary to repay such Loan in accordance with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateterms of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (RR Donnelley & Sons Co), Credit Agreement (RR Donnelley & Sons Co)

Revolving Loans. During the Revolving Commitment Period, subject (i) Subject to the terms and conditions hereofset forth herein, each Revolving A Lender severally agrees to make revolving loans (each such loan, a “Revolving A Loan”) to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving A Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanA Loans, (ix) the Total Revolving A Outstandings shall not exceed the Available Aggregate Revolving Commitments, A Commitments and (iiy) the aggregate Outstanding Amount of the Revolving A Loans of any Lender, plus such Lender’s Applicable Revolving Credit Exposure Percentage of any Lender the Outstanding Amount of all L/C Obligations plus such Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving A Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Revolving A Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Revolving A Loans may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Loans or Eurocurrency Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Providence Service Corp), Credit and Guaranty Agreement (ModivCare Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, provided that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed the amount of such Lender’s Commitment, (iii) the aggregate Outstanding Amount of all Revolving Loans made to the Designated Borrowers shall not exceed the Designated Borrower Sublimit, and (iv) the aggregate Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.1(a) may be repaid 2.1, prepay under Section 2.5, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.1. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Abm Industries Inc /De/), Credit Agreement (Abm Industries Inc /De/)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to GFI in Dollars or in one or more Alternative Currencies and to the Foreign Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate principal amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Revolving Loans made in Alternative Currencies plus the Outstanding Amount of Foreign L/C Obligations shall not exceed the Alternative Currency Sublimit; and provided further that the availability of the Aggregate Revolving Commitments at any time for the making of Loans and the issuance of Letters of Credit shall be reduced by the amount of the Alternative Currency Reserve. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) 2.01, prepay under Section 2.04, and reborrow under this Section 2.01. Revolving Loans made to GFI may be repaid and reborrowed without premium Base Rate Loans or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Eurocurrency Rate Loans, Adjusted LIBOR Rate Loansas further provided herein, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect made to the Revolving Loans and the Revolving Commitments Foreign Borrower shall be paid Eurocurrency Rate Loans as further provided herein. Notwithstanding the foregoing, all Borrowings in full no later than such dateAlternative Currencies made at any time shall be Eurocurrency Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (GFI Group Inc.), Credit Agreement (GFI Group Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (ia) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, Commitments and (iib) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans, Adjusted Eurodollar Rate Loans or LIBOR Daily Floating Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s further provided herein, provided, however, all Revolving Commitment shall expire Borrowings made on the Revolving Commitment Termination Closing Date and all Revolving Loans and all other amounts owed hereunder with respect shall be made as LIBOR Daily Floating Rate Loans. In order to effect the Revolving Loans and the Commitments set forth on Schedule 2.01 attached hereto, assignments of Revolving Commitments shall be paid deemed to be made among the applicable Lenders in full such amounts as may be necessary, and with the same force and effect as if such assignments of Revolving Commitments were evidenced by the applicable Assignment and Assumptions (but without the payment of any related assignment fee), and no later than other documents or instruments shall be required to be executed in connection with such dateassignments (all of which such requirements are hereby waived).

Appears in 2 contracts

Samples: Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.)

Revolving Loans. During Prior to the Closing Date, certain revolving loans were previously made to the Borrower under the Existing Credit Agreement which remain outstanding as of the Closing Date (such outstanding revolving loans being hereinafter referred to as the “Existing Revolving Commitment PeriodLoans”). Subject to the terms and conditions set forth in this Agreement, the parties hereto agree that on the Closing Date, but subject to the reallocation and other transactions described in Section 1.4, the Existing Revolving Loans shall be re-evidenced as Revolving Loans under this Agreement and the terms of the Existing Revolving Loans shall be restated in their entirety and shall be evidenced by this Agreement. From and including the Closing Date and prior to the Maturity Date, subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees and not jointly agrees, on the terms and conditions set forth in this Agreement, to (i) make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower in an Agreed Currencies from time to time and (ii) participate in Facility LCs issued upon the request of the Borrower, in each case in Dollar Amounts not to exceed in the aggregate amount up to but not exceeding such Lender’s Pro Rata Share of the Available Aggregate Revolving Loan Commitment; provided, provided that after giving effect to the making of any Revolving Loan, (i) except as provided in Section 2.4.3, at no time shall the Total Dollar Amount of the Aggregate Outstanding Revolving Outstandings shall not Credit Exposure hereunder exceed the Aggregate Revolving CommitmentsLoan Commitment, (ii) all Floating Rate Loans shall be made in Dollars, and (iiiii) except as provided in Section 2.4.3, at no time shall the aggregate outstanding Dollar Amount of all Revolving Credit Exposure Loans denominated in Foreign Currencies exceed the Foreign Currency Sublimit. Unless the Borrower has delivered to the Administrative Agent an Indemnification Letter (or entered into a similar undertaking reasonably acceptable to the Administrative Agent, which may be set forth in a Borrowing Notice) on or before the third (3rd) Business Day prior to the Closing Date with respect to all Revolving Loans requested to be made as Eurocurrency Advances on the Closing Date or on or before the third (3rd) Business Day thereafter, the Loans made on the Closing Date or on or before the third (3rd) Business Day thereafter shall initially be Floating Rate Loans and thereafter may be continued as Floating Rate Loans or converted into Eurocurrency Loans in the manner provided in Section ‎2.8 and subject to the other conditions and limitations therein set forth and set forth in this Article ‎II and set forth in the definition of any Interest Period. Revolving Loans made after the third (3rd) Business Day after the Closing Date shall be, at the option of the Borrower, selected in accordance with Section ‎2.8, either Floating Rate Loans or Eurocurrency Loans. Each Advance under this Section ‎2.2 shall consist of Revolving Loans made by each Revolving Lender shall not exceed ratably in proportion to such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Periodrespective Pro Rata Share. The Revolving Loans may consist LC Issuers will issue Facility LCs hereunder on the terms and conditions set forth in Section ‎2.24. Subject to the terms of Base Rate Loansthis Agreement, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, repay and reborrow Revolving Loans at any time prior to the Maturity Date. Each Lender’s Revolving Commitment On the Maturity Date, the commitment of each Lender to lend hereunder shall automatically expire on and the Borrower shall repay in full the outstanding principal balance of the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to Loans. Additionally, the Revolving Loans and Borrower shall make the Revolving Commitments shall be paid mandatory prepayments prescribed in full no later than such dateSection ‎2.4.3.

Appears in 2 contracts

Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject solely to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Company in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period for the Revolving Facility in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Revolving Lender, plus such Revolving Lender’s Applicable Revolving Percentage multiplied by the Outstanding Amount of all L/C Obligations, shall not exceed such Revolving Lender’s Revolving Commitment and (iii) the Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 2 contracts

Samples: Credit Agreement (SS&C Technologies Holdings Inc), Credit Agreement (SS&C Technologies Holdings Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Revolving Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Revolving Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of the Revolving Loans owing by the Designated Borrowers shall not exceed the Designated Borrower Sublimit then in effect. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Flir Systems Inc), Credit Agreement (Flir Systems Inc)

Revolving Loans. During the Each Lender that has a Revolving Loan Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loanlend to Borrowers, on a “Revolving Loan”) joint and several basis, from time to time during the Borrower in period from the Second Restatement Effective Date to but excluding the Commitment Termination Date an aggregate amount up to but not exceeding such its Pro Rata Share of the aggregate amount of the Revolving Loan Commitments to be used for the purposes identified in subsection 2.5A. The original amount of each Lender’s 's Revolving CommitmentLoan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate original amount of the Revolving Loan Commitments is $30,000,000; provided that the Revolving Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the Revolving Loan Commitments pursuant to subsection 9.1B; and provided, further that after giving effect to the making amount of any the Revolving Loan, Loan Commitments shall be reduced (i) from time to time by the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitmentsamount of any reductions thereto made pursuant to subsections 2.4A(iii), 2.4B(ii) and 2.4B(iii) and (ii) to $12,500,000 on September 30, 2001, if the Second Reserve Amount (as defined below) has been assigned to an Eligible Assignee or Eligible Assignees as provided herein and the NCP6 Acquisition is not consummated in accordance with this Agreement on or prior to such date (such reduction to be applied to reduce Lenders' Revolving Credit Exposure Loan Commitments pro rata); provided, further that a portion of any Lender all Lenders' aggregate Revolving Loan Commitments equal to $4,000,000 in the aggregate (the "FIRST RESERVE AMOUNT") shall be reserved at all times only for use in connection with the NCP6 Acquisition and as provided in subsection 2.5 provided that to the extent that the Second Reserve Amount (as defined below) has not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant been assigned to this Section 2.1(a) may be repaid and reborrowed without premium an Eligible Assignee or penalty (subject to Section 3.1(c)) Eligible Assignees during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate LoansInitial Syndication Period and the NCP6 Acquisition has not been consummated on or prior to September 30, Adjusted LIBOR Rate Loans2001, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment such First Reserve Amount shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans be cancelled at such time and the Revolving Loan Commitments of all Lenders shall be paid in full no later than such date.reduced pro rata by the

Appears in 2 contracts

Samples: Credit Agreement (Northland Cable Properties Six LTD Partnership), Credit Agreement (Northland Cable Properties Six LTD Partnership)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment and (iii) the aggregate Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Capella Education Co), Security Agreement (Capella Education Co)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loanmake, a “convert and continue Revolving Loan”) Loans to the Borrower in Dollars or (after the effectiveness of the Fronting Structure Amendment) in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Credit Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Credit Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Revolving Lender, plus such Lender’s Pro Rata Revolving Share of the Outstanding Amount of all L/C - BA Obligations, plus such Lender’s Pro Rata Revolving Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Credit Commitment, and (iii) the aggregate Outstanding Amount of all Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Amounts borrowed pursuant Within the limits of each Revolving Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.02, prepay under Section 2.06, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.02. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Mueller Water Products, Inc.), Credit Agreement (Mueller Water Products, Inc.)

Revolving Loans. During Subject to the terms and conditions of this Agreement, during the Commitment Period, the Lenders shall make a Revolving Loan or Revolving Loans to US Borrower or a Foreign Borrower in such amount or amounts as Administrative Borrower, through an Authorized Officer, may from time to time request, but not exceeding in aggregate principal amount at any time outstanding hereunder the Revolving Commitment PeriodCredit Commitment, when such Revolving Loans are combined with the Letter of Credit Exposure and the Swing Line Exposure; provided that Borrowers shall not request any Alternate Currency Loan (and the Lenders shall not be obligated to make an Alternate Currency Loan) if, after giving effect thereto, the Alternate Currency Exposure would exceed the Alternate Currency Maximum Amount). Borrowers shall have the option, subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loanborrow Revolving Loans, a “Revolving Loan”) to maturing on the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; providedlast day of the Commitment Period, that after giving effect to the making by means of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist combination of Base Rate Loans, Adjusted LIBOR Rate Eurodollar Loans or Alternate Currency Loans. With respect to each Alternate Currency Loan, US Borrower or the appropriate Foreign Borrower, as applicable, shall receive all of the proceeds of such Alternate Currency Loan in one Alternate Currency and repay such Alternate Currency Loan in the same Alternate Currency. Subject to the provisions of this Agreement, Borrowers shall be entitled under this Section 2.2(a) to borrow Revolving Loans, repay the same in whole or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date in part and all re-borrow Revolving Loans hereunder at any time and all other amounts owed hereunder with respect from time to time during the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateCommitment Period.

Appears in 2 contracts

Samples: Credit Agreement (Teletech Holdings Inc), Credit Agreement (Teletech Holdings Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(aCommitment and (iii) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist aggregate Outstanding Amount of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Revolving Loans and the Revolving Commitments shall may be paid in full no later than such dateBase Rate Loans or Eurocurrency Rate Loans, as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Flowserve Corp), Credit Agreement (Flowserve Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment, (iii) the aggregate Outstanding Amount of all Revolving Loans made to the Designated Borrowers shall not exceed the Designated Borrower Sublimit, and (iv) the aggregate Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Towers Watson Delaware Inc.), Credit Agreement (Towers Watson & Co.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Parent Borrower in Dollars and to the Canadian Borrower in either Dollars or Canadian Dollars from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (iii) the Total Revolving Canadian Outstandings shall not exceed the Canadian Borrower Sublimit. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR as further provided herein. Notwithstanding anything to the contrary herein, a Swing Line Loan may not be converted to a Eurodollar Rate Loans, or a combination thereof, as the Borrower may requestLoan. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Lender at its option may make Revolving Loans and all other amounts owed hereunder with respect by causing any domestic or foreign branch or Affiliate of such Lender to make such Revolving Loan, by advising the Administrative Agents that such domestic or foreign branch or Affiliate of such Lender will make such Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateLoan.

Appears in 2 contracts

Samples: Credit Agreement (Graybar Electric Co Inc), Credit Agreement (Graybar Electric Co Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C-BA Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Revolving Loans and L/C-BA Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit; provided, further however, that no Revolving Loans shall be made on the Closing Date. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestfurther provided herein. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date. Notwithstanding any of the foregoing or otherwise in this Agreement to the contrary, at such time as a security agent joins this Agreement as the Taiwan Security Agent or the Italian Security Agent, as the case may be, the Borrower shall be deemed to have requested that such Security Agent fund (and such Security Agent shall fund) such amount of its Revolving Commitment that after giving effect thereto such Security Agent has funded at least $1,000 of the Revolving Loans (such $1,000 portion of the Revolving Loan funded by such Security Agent, the “Specified Revolving Loan”). The Specified Revolving Loan (i) shall be disregarded in determining the Applicable Percentage of any Lender in any requested Borrowing and (ii) shall remain outstanding and shall not be repaid until the Revolving Commitment Termination Date, at which time it is due and payable in full.

Appears in 2 contracts

Samples: Credit Agreement (SunEdison Semiconductor LTD), Credit Agreement (SunEdison Semiconductor LTD)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment and, (iii) the aggregate Outstanding Amount of all Loans and Letters of Credit denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit and (iv) in the case of a Certain Funds Credit Extension, the Borrowing of such Revolving Loans shall not exceed the Certain Funds Sublimit. Each Lender may, at its option, make any Revolving Loan available to any Designated Borrower that is a Foreign Subsidiary by causing any foreign or domestic branch or Affiliate of such Lender to make such Revolving Loan; provided that any exercise of such option shall not (i) affect the obligation of such Designated Borrower to repay such Revolving Loan in accordance with the terms of this Agreement or (ii) cause the Borrowers to incur any expense (including any additional taxes) they would not otherwise incur. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Teledyne Technologies Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a Revolving Loan”) to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate principal amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein, provided, however, any Borrowing made on the Closing Date may consist of Eurodollar Rate Loans only if (A) such Borrowing complies with the requirements of Section 2.02(a) and (B) the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect delivers to the Revolving Loans Administrative Agent a letter agreement, in form and substance reasonably satisfactory to the Revolving Commitments shall be paid in full no later than Administrative Agent, executed by a Responsible Officer of the Borrower, that provides an indemnity for such dateBorrowing on substantially the same terms as Section 3.05.

Appears in 1 contract

Samples: Credit Agreement (Caci International Inc /De/)

Revolving Loans. During the Revolving Commitment Period, subject (a) Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”"REVOLVING LOAN") to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving 's Commitment; providedPROVIDED, HOWEVER, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender's Pro Rata Share of the Outstanding Amount of all L/C Obligations, PLUS such Lender's Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving 's Commitment and (iii) except as provided in Section 2.01(b) below, the aggregate principal amount of all Borrowing Base Debt shall not exceed the Borrowing Base determined as of the most recent Inventory Valuation Date. Within the limits of each Lender's Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid , and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Periodother terms and conditions hereof, the Borrower may borrow under this SECTION 2.01, prepay under SECTION 2.05, and reborrow under this SECTION 2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Meritage Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of all Revolving Loans denominated in an Alternative Currency plus the aggregate Outstanding Amount of all L/C Obligations denominated in an Alternative Currency shall not exceed the Alternative Currency Sublimit. Each Lender may, at its option, make any Revolving Loan available to any Designated Borrower that is a Foreign Subsidiary by causing any foreign or domestic branch or Affiliate of such Lender to make such Revolving Loan; provided that any exercise of such option shall not affect the obligation of such Designated Borrower to repay such Revolving Loan in accordance with the terms of this Agreement. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Loans or Eurocurrency Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire further provided herein, provided, however, all Borrowings made on the Revolving Commitment Termination Closing Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datemade as Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Fleetcor Technologies Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, Commitments and (ii) the Revolving Credit Exposure of any Lender shall not exceed the lesser of such Lender’s Revolving Commitment and such Lender’s Applicable Percentage of the Aggregate Revolving Commitments. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted Eurodollar Rate Loans or LIBOR Index Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire further provided herein, provided, however, all Borrowings made on the Revolving Commitment Termination Closing Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datemade as Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Trex Co Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a, and (iii) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist aggregate Outstanding Amount of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Revolving Loans and the Revolving Commitments may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein; provided, that all Loans to Xxxxx Finance Luxembourg that are denominated in Dollars shall be paid in full no later than such dateEurocurrency Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Brady Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in US Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment, (iii) the aggregate Outstanding Amount of all Revolving Loans made to the Designated Borrowers shall not exceed the Designated Borrower Sublimit; and (iv) the aggregate Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Kyphon Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to each of the Borrower Borrowers in Dollars or in one or more Alternative Currencies, from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsFacility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Revolving Loans made to Foreign Borrowers shall not exceed the Foreign Borrower Sublimit. Amounts borrowed pursuant Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may each borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or, Eurocurrency Rate Loans, Adjusted LIBOR Alternative Currency Daily Rate Loans or Alternative Currency Term Rate Loans, or a combination thereofas further provided herein; provided, as the Borrower may request. Each Lender’s however, that any Revolving Commitment shall expire Borrowings made on the Revolving Commitment Termination Closing Date and all Revolving or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans and all other amounts owed hereunder with respect unless the Borrowers deliver a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateBorrowing.

Appears in 1 contract

Samples: Credit Agreement (Movado Group Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Loan Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Loan Lender’s Revolving Loan Commitment; provided, however, that after giving effect to the making of any Revolving LoanLoan Borrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Loan Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender such Revolving Loan Lender, plus such Revolving Loan Lender’s Applicable Revolving Loan Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Loan Lender’s Applicable Revolving Loan Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Loan Lender’s Revolving Loan Commitment, and (iii) the aggregate Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Amounts borrowed pursuant Within the limits of each Revolving Loan Lender’s Revolving Loan Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01(b), prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(b)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Georgia Pacific Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers (other than the Canadian Borrower) in Dollars or in one or more available currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans plus such Lender’s Applicable Percentage of the Outstanding Amount of all Canadian Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid Within the limits of each Lender’s Revolving Commitment, and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The other terms and conditions hereof, Revolving Loans may consist of be borrowed under this Section 2.01, prepaid under Section 2.06, and reborrowed under this Section 2.01. Revolving Loans may be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Navigant Consulting Inc)

Revolving Loans. During The Existing Lenders made one or more advances to the Borrower prior to the Closing Date in accordance with the terms of the Existing Credit Agreement (each such loan, to the extent outstanding on the Closing Date, an “Existing Revolving Commitment Period, subject Loan”). Subject to the terms and conditions hereofset forth herein, each Lender severally and not jointly agrees to make revolving loans (each such loan, together with each such Existing Revolving Loan prior to the repayment thereof, a “Revolving Loan”) to the Borrower in Dollars from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans (as the same may be adjusted pursuant to Section 2.16(a)(iv)) shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.04, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Retail Opportunity Investments Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers, in Dollars or in one or more Alternative Currencies, from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, provided that after giving effect to the making of any Revolving LoanBorrowing, (ia) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (iib) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment, and (c) the aggregate Outstanding Amount of all Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Amounts borrowed pursuant Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Term SOFR Loans, SOFR Daily Floating Rate Loans, Alternative Currency Daily Rate Loans, or a combination thereofAlternative Currency Term Rate Loans, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Vertex Pharmaceuticals Inc / Ma)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed an amount equal to (A) the Aggregate Revolving CommitmentsCommitments less (B) the Bank Product Reserve, less (C) the Existing BP Reserve, less (D) any other reserves established by Administrative Agent pursuant to Section 2.01(c), and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to re-borrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of Base shall be only Eurocurrency Rate Loans, Adjusted LIBOR Rate Loansexcept as provided herein, or a combination thereofprovided, as the Borrower may request. Each Lender’s Revolving Commitment shall expire however, all Borrowings made on the Revolving Commitment Termination Closing Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datemade Eurocurrency Rate Loans having an Interest Period of one month.

Appears in 1 contract

Samples: Credit Agreement (TRM Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Committed Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Revolving Lender, plus such Revolving Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Amounts borrowed pursuant Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.06, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Methode Electronics Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate principal amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment, (iii) (x) the aggregate Outstanding Amount of Revolving Loans and Letters of Credit denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit, and (y) to the extent the Administrative Agent and/or the Lenders or L/C Issuers, as applicable, have imposed a limit on the Dollar Equivalent amount of Loans or Letters of Credit, as the case may be, with respect to any Alternative Currency, the Total Revolving Outstandings denominated in such Alternative Currency shall not exceed such limit, and (iv) the aggregate Total Revolving Outstandings in respect of which Designated Borrowers are primarily obligated shall not exceed the Designated Borrower Sublimit. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein; provided, however, all Borrowings of Revolving Loans made on the Closing Date shall be made as Base Rate Loans; provided, Adjusted LIBOR further, that all Loans denominated in an Alternative Currency shall be made as Eurocurrency Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit Agreement (Fti Consulting Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a "Revolving Loan") to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s 's Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender plus such Lender's Pro Rata Share of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s 's Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender's Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.04, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, as further provided herein, provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit Agreement (Serologicals Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of all Revolving Loans and L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Eurocurrency Rate Loans, Alternative Currency Daily Rate Loans or Alternative Currency Term Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Flowserve Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate principal amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment, (iii) (x) the aggregate Outstanding Amount of Revolving Loans and Letters of Credit denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit, and (y) to the extent the Administrative Agent and/or the Lenders or L/C Issuers, as applicable, have imposed a limit on the Dollar Equivalent amount of Loans or Letters of Credit, as the case may be, with respect to any Alternative Currency, the Total Revolving Outstandings denominated in such Alternative Currency shall not exceed such limit, and (iv) the aggregate Total Revolving Outstandings in respect of which Designated Borrowers are primarily obligated shall not exceed the Designated Borrower Sublimit. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein; provided, however, all Borrowings of Revolving Loans made on the Closing Date shall be made as Base Rate Loans; provided, Adjusted LIBOR further, that (A) all Loans denominated in Canadian Dollars shall be made as Canadian BA Loans or Canadian Prime Rate Loans, or and (B) all Alternative Currency Loans denominated in a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all currency other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments than Canadian Dollars shall be paid in full no later than such datemade as Eurocurrency Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Fti Consulting Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans to the Borrower in Dollars, at any time and from time to time, during the period from the Effective Date to the Revolver Maturity Date (each such loan, a “Revolving Loan” and collectively the “Revolving Loans) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment); provided, however, that after giving effect to the making of any Revolving Loan, (ia) the Total sum of the aggregate amount of Revolving Outstandings Loans outstanding plus the aggregate amount of Swingline Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Aggregate Revolving Commitments, Committed Amount and (iib) the with respect to each individual Revolving Credit Exposure Lender, such Revolving Lender’s pro rata share of any Lender outstanding Revolving Loans plus such Revolving Lender’s pro rata share of outstanding LOC Obligations plus its pro rata share of Swingline Loans shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during Commitment Percentage of the Revolving Commitment PeriodCommitted Amount. The Subject to the terms of this Credit Agreement, the Borrower may borrow, repay and reborrow Revolving Loans. Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Loans or Eurodollar Loans as further provided herein; provided that any Revolving Loans made on the Closing Date shall be Base Rate Loans, or a combination thereof, as Loans unless the Borrower may requestdelivers to the Agent a funding indemnity letter acceptable to the Agent. Each Lender’s Revolving Commitment shall expire on Unless earlier terminated pursuant to other provisions of this Credit Agreement, the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed Commitments hereunder with respect to the Revolving Loans and shall terminate on the Revolving Commitments shall be paid in full no later than such dateRevolver Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (DCP Midstream Partners, LP)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of all Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Loans or Eurocurrency Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire further provided herein, provided, however, all Borrowings made on the Revolving Commitment Termination Closing Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datemade as Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Comscore, Inc.)

Revolving Loans. During the Each Revolving Commitment PeriodLender severally agrees, subject to on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower pursuant to this Section 2.01(a) from time to time during the Availability Period in an aggregate amount up to but amounts such that its Revolving Outstandings shall not exceeding such Lender’s Revolving Commitment; provided, that exceed (after giving effect to all Revolving Loans repaid, all reimbursements of LC Disbursements made, and all Refunded Swingline Loans paid concurrently with the making of any Revolving Loans) its Revolving Commitment; provided that, immediately after giving effect to each such Revolving Loan, (i) the Total aggregate Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, Committed Amount and (ii) with respect to each Revolving Lender individually, such Lender’s outstanding Revolving Loans plus its (other than the Revolving Credit Exposure of any Lender Swingline Lender’s in its capacity as such) Participation Interests in outstanding Swingline Loans plus its Participation Interests in outstanding LC Obligations shall not exceed such Lender’s Revolving CommitmentCommitment Percentage of the Revolving Committed Amount. Amounts borrowed pursuant to this Section 2.1(a) Each Revolving Borrowing shall be in an aggregate principal amount of $1,000,000 or any larger multiple of $100,000 (except that any such Borrowing may be repaid in the aggregate amount of the unused Revolving Commitments) and reborrowed without premium or penalty (subject shall be made from the several Revolving Lenders ratably in proportion to Section 3.1(c)) during their respective Revolving Commitments. Within the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loansforegoing limits, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on borrow under this Section 2.01(a), repay, or, to the Revolving Commitment Termination Date and all extent permitted by Section 2.09, prepay, Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datereborrow under this Section 2.01(a).

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

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Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender (other than the Swing Line Lender), plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of the Revolving Loans of the Swing Line Lender, plus the Swing Line Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus the Outstanding Amount of all Swing Line Loans shall not exceed the Swing Line Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Torchmark Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofof this Agreement and the other Loan Documents, each Lender severally and in reliance upon the representations and warranties of Borrower set forth herein and in the other Loan Documents, Bank agrees to make revolving loans (each such loanRevolving Loans at such times as Borrower may from time to time request until, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding including, the Revolving Loan Maturity Date, and in such Lender’s Revolving Commitment; amounts as Borrower may from time to time request, provided, however, that after giving effect to the making aggregate principal balance of all Revolving Loans outstanding at any Revolving Loan, time shall not exceed the lesser of (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, Loan Borrowing Base and (ii) the Revolving Loan Commitment, in either case minus the Letter of Credit Exposure Obligations and the Notional Value of any Lender all FX Transactions outstanding, and provided further, that each Revolving Loan shall not exceed such Lender’s equal at least $10,000 or multiples of $1,000 in excess thereof. Revolving Commitment. Amounts borrowed pursuant to Loans are otherwise terminated or extended as provided in this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment PeriodAgreement. The Revolving Loans may consist shall support the working capital requirements of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower. Borrower may request. Each Lender’s Revolving Commitment shall expire on borrow, repay and reborrow hereunder, from the date hereof until the Revolving Loan Maturity Date, either the full amount of the Revolving Loan Commitment Termination Date (less the Letter of Credit Obligations and the Notional Value of all Revolving Loans and all other FX Transactions outstanding ) or any lesser sum in the minimum amounts owed hereunder with respect referred to above. If, at any time, the Revolving Loans exceed the Revolving Loan Commitment (less the Letter of Credit Obligations and the Revolving Commitments Notional Value of all FX Transactions outstanding), Borrower shall be paid in full no later than immediately notify Bank of the existence of and pay to Bank the amount of such dateexcess.

Appears in 1 contract

Samples: Security Agreement (CFC International Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment, and (iii) the aggregate Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Towers Watson & Co.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loansas further provided herein. The Borrowers and each Lender acknowledge that, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect immediately prior to the Revolving Loans Closing Date, the principal amount outstanding under the Existing Credit Agreement is $24,800,000.00 and the Revolving Commitments that such entire principal amount (together with all accrued but unpaid amounts due thereunder) shall be paid repaid in full no later than such dateaccordance with this Article II on and as a condition to the Closing Date.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Aimco Properties Lp)

Revolving Loans. During The Existing Lenders made one or more advances to the Borrower prior to the Closing Date in accordance with the terms of the Existing Credit Agreement (each such loan, to the extent outstanding on the Closing Date, an “Existing Revolving Commitment Period, subject Loan”). Subject to the terms and conditions hereofset forth herein, each Lender severally and not jointly agrees to make revolving loans (each such loan, together with each such Existing Revolving Loan prior to the repayment thereof, a “Revolving Loan”) to the Borrower in Dollars from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such LenderXxxxxx’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans (as the same may be adjusted pursuant to Section 2.16(a)(iv)) shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.04, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or EurodollarSOFR Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Retail Opportunity Investments Partnership, LP)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in US Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and ; (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment; and (iii) the Total Revolving Outstandings of the Domestic Borrowers shall not exceed the Domestic Revolving Sublimit; and provided further that the availability of the Aggregate Revolving Commitments at any time shall be reduced by the amount of the Foreign Swing Line Facility Reserve. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.08, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Brightpoint Inc)

Revolving Loans. During the Revolving Commitment Period, subject (i) The Borrower hereby unconditionally promises to the terms and conditions hereof, each Lender severally agrees to make revolving loans pay (each such loan, a “Revolving Loan”A) to the Administrative Agent for the account of each Revolving Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date, and (B) to the Swingline Lender the then unpaid principal amount of such Swingline Loan of such Swingline Lender on the Maturity Date; provided that on each date that a Revolving Loan is made while any Swingline Loan is outstanding under the same Facility, the Borrower shall repay all such Swingline Loans with the proceeds of such Revolving Loan then outstanding under such Facility. (ii) If for any reason the aggregate Revolving Exposure under any Facility at any time exceeds the aggregate Revolving Commitments under that Facility (including after giving effect to any determination of the Dollar Amount of each Revolving Loan denominated in an Alternative Currency pursuant to Section 2.25), the Borrower shall, within five Business Days, prepay Revolving Loans and Swingline Loans and/or cash collateralize the LC Exposure under such Facility in an aggregate amount up equal to but not exceeding such Lender’s Revolving Commitmentexcess; provided, provided that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings Borrower shall not exceed be required to cash collateralize the Aggregate Revolving Commitments, and (ii) the Revolving Credit LC Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a2.07(a)(ii) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during unless after the Revolving Commitment Period. The Revolving Loans may consist prepayment in full of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and Swingline Loans under such Facility such aggregate Revolving Exposure exceeds the aggregate Revolving Commitments shall be paid for such Facility then in full no later than such date.effect. (b)

Appears in 1 contract

Samples: First Lien Credit Agreement (Cyxtera Technologies, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (iii) the Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit Agreement (STR Holdings, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject (a) (i) AMOUNTS. Subject to the terms satisfaction of the conditions precedent set forth in ARTICLE 8, and conditions hereofexcept for Non-Ratable Loans and Agent Advances, each Revolving Credit Lender severally agrees severally, but not jointly, agrees, upon a Borrower's request from time to time on any Business Day during the period from the Closing Date to the Termination Date, to make revolving loans (each such loan, a “Revolving Loan”the "REVOLVING LOANS") to the Borrower Borrowers in aggregate amounts not to exceed such Lender's Pro Rata Share of the Aggregate Availability, and, for Revolving Loans to FMC, in an aggregate amount up to but which does not exceeding exceed such Lender’s 's Pro Rata Share of FMC's Availability, or for Revolving Commitment; providedLoans to FRC, that in an amount which does not exceed such Lender's Pro Rata Share of FRC's Availability. The Revolving Credit Lenders, however, in their unanimous discretion, may elect to make Revolving Loans or issue or arrange to have issued Letters of Credit in excess of the Aggregate Borrowing Bases or the Borrowing Base of FMC or FRC, as applicable, on one or more occasions, but if they do so, neither the Agent nor the Revolving Credit Lenders shall be deemed thereby to have changed the limits of the Borrowing Base of FMC or FRC, or the Aggregate Borrowing Bases or to be obligated to exceed such limits on any other occasion. If (x) the Aggregate Revolver Outstandings of FMC would exceed its Availability after giving effect to any Borrowing, or (y) the Aggregate Revolver Outstandings of FRC would exceed its Availability after giving effect to any Borrowing, the Revolving Credit Lenders may refuse to make or may otherwise restrict the making of any Revolving LoanLoans to FMC or FRC, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitmentsas applicable, and (ii) as the Revolving Credit Exposure of any Lender shall not exceed Lenders determine until such Lender’s Revolving Commitment. Amounts borrowed excess has been eliminated, subject to the Agent's authority, in its sole discretion, to make Agent Advances pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(cthe terms of SECTION 1.2(i)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit Agreement (Fleetwood Enterprises Inc/De/)

Revolving Loans. During Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth herein, each Lender severally agrees to make Revolving Loans to the Borrower from time to time from the Closing Date through, but not including, the Revolver Maturity Date as requested by the Borrower in accordance with the terms of Section 2.2(a); provided, that (a) the Revolving Credit Outstandings shall not exceed the Revolving Commitment Periodof all of the Lenders, subject (b) the principal amount of outstanding Revolving Loans from any Lender shall not at any time exceed such Lender’s Revolving Commitment, less the sum of (i) that Lender’s Commitment Percentage of the then outstanding Swing Line Loans and (ii) that Lender’s Commitment Percentage of all L/C Obligations, and (c) the principal amount of outstanding Revolving Loans denominated in an Alternative Currency shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal amount equal to such Lender’s Commitment Percentage of the aggregate principal amount of Revolving Loans requested on such occasion. Subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date borrow, repay and all reborrow Revolving Loans and all other amounts owed hereunder with respect to until the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateRevolver Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Hormel Foods Corp /De/)

Revolving Loans. During Subject to and upon the terms and conditions contained herein, each Lender severally (and not jointly) agrees to make its Pro Rata Share of Revolving Loans to Borrowers from time to time in amounts requested by any Borrower (or Borrower Agent on behalf of Borrowers) up to the aggregate amount outstanding equal to the Commitment of such Lender, provided, that, after giving effect to any such Revolving Loan, (a) the aggregate principal amount of the Revolving Commitment Period, subject Loans and Letter of Credit Obligations outstanding with respect to all Borrowers shall not exceed the Borrowing Base at such time and (b) the aggregate principal amount of the Revolving Loans and Letter of Credit Obligations outstanding shall not exceed the Maximum Credit at such time. Subject to the terms and conditions hereof, each Borrower (or Borrower Agent on behalf of Borrowers) may from time to time borrow, prepay and reborrow Revolving Loans. Borrowers shall not permit the outstanding Revolving Loans and Letter of Credit Obligations on the books and records of the AZEK Companies to exceed the portion of the Borrowing Base based on the assets of the AZEK Companies and shall not permit the outstanding Revolving Loans and Letter of Credit Obligations on the books and records of the Scranton Companies to exceed the portion of the Borrowing Base based on the assets of the Scranton Companies. No Lender severally agrees shall be required to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) if, after giving effect thereto the Total aggregate outstanding principal amount of all Revolving Outstandings shall not exceed Loans of such Lender, together with such Lender’s Pro Rata Share of the Aggregate Revolving Commitmentsaggregate amount of all Letter of Credit Obligations, and (ii) the Revolving Credit Exposure of any Lender shall not would exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Loan and Security Agreement (CPG International Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loanmake, a “Convert and Continue Revolving Loan”) Loans, in Dollars and in Offshore Currencies to the Borrower in an aggregate amount up from time to but not exceeding such Lender’s Revolving Commitmenttime on any Business Day during the period from the Closing Date to the Maturity Date; provided, -------- however, that after giving effect to the making of any Revolving LoanBorrowing, (ia) the Total Revolving Outstandings Dollar ------- Equivalent Amount of the aggregate Outstanding Amount of all Loans and L/C Obligations shall not exceed the Aggregate Revolving Commitments, and (iib) the Dollar Equivalent Amount of the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender's Pro Rata Share of the Dollar Equivalent ---- Amount of the aggregate Outstanding Amount of all L/C Obligations, shall not exceed such Lender’s Revolving 's Commitment, (c) the Dollar Equivalent Amount of the aggregate Outstanding Amount of all Offshore Currency Loans and L/C Obligations issued or outstanding in an Offshore Currency shall not exceed the Offshore Currency Sublimit and (d) the aggregate Dollar Equivalent Amount of all Included Debt shall not exceed the Borrowing Base calculated as of the date of the most recently delivered Borrowing Base Certificate. Amounts borrowed pursuant Within the limits of each Lender's Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, ------------ prepay under Section 2.04, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The ------------ ------------ Revolving Loans may consist of be Base Rate Loans or Offshore Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Kellwood Co)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to GFI in Dollars or in one or more Alternative Currencies and to the Foreign Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate principal amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Revolving Loans made in Alternative Currencies plus the Outstanding Amount of Foreign L/C Obligations shall not exceed the Alternative Currency Sublimit; and provided further that the availability of the Aggregate Revolving Commitments at any time for the making of Loans and the issuance of Letters of Credit shall be reduced by the amount of the Alternative Currency Reserve. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.04, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR as further provided herein; provided, however, all Borrowings in Alternative Currencies made at any time shall be Eurocurrency Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit Agreement (GFI Group Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject solely to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, Loans to a “Revolving Loan”) to the Borrower in an aggregate amount up Dollars or any Alternative Currency pursuant to but this Section 2.01(a) from time to time during the Revolving Availability Period in amounts such that its Revolving Outstandings shall not exceeding such Lender’s Revolving Commitment; provided, that exceed (after giving effect to all Revolving Loans repaid and all reimbursements of L/C Disbursements made concurrently with the making of any Revolving Loans) its Revolving Commitment; provided that (x) the Revolving Loans drawn on the Closing Date shall (i) not exceed $10,000,000 and (ii) only be used to pay for the Closing Date Refinancing, to provide ongoing working requirements of MKS and its Subsidiaries and to pay Transaction Costs and (y) immediately after giving effect to each such Loan, (i) the Total aggregate Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsLine Cap, and (ii) the with respect to each Revolving Credit Lender individually, such Lender’s outstanding Revolving Loans plus its participation interests in Protective Advance Exposure of any Lender plus its Participation Interests in outstanding L/C Obligations shall not exceed such Lender’s Revolving CommitmentCommitment and (iii) the aggregate Revolving Outstandings denominated in an Alternative Currency shall not exceed $20,000,0000 (the “Alternative Currency Sublimit”). Amounts borrowed pursuant to this Section 2.1(a) may Each Revolving Borrowing comprised of Eurodollar Loans shall be repaid in an aggregate principal amount of $1,000,000 or any larger multiple of $100,000, and reborrowed without premium or penalty (subject to Section 3.1(c)) during the each Revolving Commitment Period. The Revolving Loans may consist Borrowing comprised of Base Rate LoansLoans shall be in an aggregate principal amount of $500,000 or any larger multiple of $100,000 (except that any such Revolving Borrowing may be in the aggregate amount of the unused Revolving Commitments and any L/C Borrowing may be in the aggregate amount of any outstanding Unreimbursed Amounts owed to one or more L/C Issuers as provided in Section 2.05(e)(iv)) and shall be made from the several Revolving Lenders ratably in proportion to their respective Revolving Commitments. No more than ten (10) Revolving Borrowings shall be outstanding at any time. Within the foregoing limits, Adjusted LIBOR Rate Loansthe Borrowers may borrow under this Section 2.01(a), or a combination thereofrepay, as or, to the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date extent permitted by Section 2.09, prepay, and all reborrow Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateunder this Section 2.01(a).

Appears in 1 contract

Samples: Abl Credit Agreement (MKS Instruments Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, (ii) the aggregate Outstanding Amount of the Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit; and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and provided further that the availability of the Aggregate Revolving Commitments at any time for the making of Loans and the issuance of Letters of Credit shall be reduced by the amount of the Alternative Currency Reserve (if any). Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR as further provided herein, provided, however, all Base Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid denominated in full no later than such dateDollars.

Appears in 1 contract

Samples: Credit Agreement (Ict Group Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a "Revolving Loan") to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s 's Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Revolving Lender, plus such Revolving Lender's Pro Rata Share of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s 's Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving Lender's Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid ), prepay under Section 2.4(a), and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.1(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR as further provided herein; provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans, or a combination thereof, as Loans unless the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date delivers a Loan Notice and all Revolving Loans and all other amounts owed hereunder with respect a funding indemnity letter to the Revolving Loans Administrative Agent three (3) Business Days prior to the Closing Date in form and substance reasonably satisfactory to the Revolving Commitments shall be paid in full no later than such dateAdministrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Packaging Dynamics Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and satisfaction of the applicable conditions hereofprecedent set forth in Article 9, each Lender severally agrees agrees, upon the Borrowers' request from time to time, to make revolving loans (each such loantogether with the Revolving Loans outstanding under the Original Agreement, a “the "Revolving Loan”Loans") to the Borrower Borrowers, in an aggregate amount up not to but not exceeding exceed (except for BABC with respect to BABC Loans) either such Lender’s 's Pro Rata Share of Individual Availability for each Borrower or Availability in the aggregate at such time. The Lenders, in their discretion, may unanimously elect to make Revolving CommitmentLoans or participate (as provided for in Section 2.5(f)) in the credit support or enhancement provided through the Agent to the issuers of Letters of Credit or accepting banks with respect to Acceptances, in excess of Availability or Individual Availability on one or more occasions, but if they do so, neither the Agent nor the Lenders shall be deemed thereby to have changed the limits of the Maximum Revolver Amount or of the Individual Maximum Revolver Amounts, or to be obligated to exceed such limits on any other occasion. If at any time (a) the Aggregate Revolver Outstandings to or for the accounts of all Borrowers exceed the Maximum Revolver Amount, the Lenders may refuse to make or otherwise restrict the making of Revolving Loans, or (b) the Aggregate Revolver Outstandings to or for the account of a Borrower exceed the Individual Maximum Revolver Amount with respect to such Borrower, the Lenders may refuse to make or otherwise restrict the making of Revolving Loans to such Borrower, in either case on such terms as the Lenders determine until any such excess has been eliminated; provided, that after giving effect the remedies by the Lenders described in the foregoing sentence in such event shall not be deemed to limit any other remedies available to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans Agent and the Revolving Commitments shall be paid in full no later than such dateLenders under Section 10.2 of this Agreement or otherwise.

Appears in 1 contract

Samples: Loan and Security Agreement (Roadmaster Industries Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Company in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.1(a) may be repaid 2.1, prepay under Section 6.2, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.1. The Revolving Loans may consist of be Base Rate Loans or LIBOR Loans, Adjusted LIBOR Rate Loansas further provided herein. For the avoidance of doubt, or a combination thereof, as the Borrower may request. Each Lender’s it is understood and agreed that any Revolving Commitment shall expire Loans outstanding on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect Restatement Date, to the Revolving Loans and extent not repaid on the Revolving Commitments Restatement Date, shall be paid in full no later than such datedeemed to be “Revolving Loans” outstanding hereunder.

Appears in 1 contract

Samples: Credit Agreement (SP Plus Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth in this Agreement, each Revolving Lender hereby severally and not jointly agrees to make revolving loans loans, in Dollars (each such loanindividually, a "Revolving Loan" and, collectively, the "Revolving Loans") to the Borrower from time to time during the period from the Effective Date to the Business Day next preceding the Revolving Credit Termination Date, in an aggregate amount not to exceed such Lender's Revolving Credit Pro Rata Share of the amount equal to Availability. All Revolving Loans comprising the same Borrowing under this Agreement shall be made by the Lenders simultaneously and proportionately to their then respective Revolving Credit Pro Rata Shares, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make a Loan hereunder nor shall the Revolving Credit Commitment of any Lender be increased or decreased as a result of any such failure. Subject to the provisions of this Agreement, the Borrower may repay any outstanding Revolving Loan on any day which is a Business Day and any amounts so repaid may be reborrowed, up to but not exceeding the amount available under this Section 2.01(a) at the time of such Lender’s Borrowing, until the Business Day next preceding the Revolving CommitmentCredit Termination Date; provided, that after giving effect however, the Borrower shall, without notice or demand of any kind, immediately make such repayments of the Revolving Loans and Term Loans, pro rata based on the respective outstanding principal balances thereof, to the making extent necessary to reduce the aggregate outstanding principal amount of the Loans to an amount no greater than the difference between the Availability as of any given time and the Letter of Credit Obligations as of such time and the Term Loans so repaid may not be reborrowed. Each requested Borrowing of Revolving Loan, Loans funded on any Funding Date therefor shall be (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitmentsif Base Rate Loans, in a principal amount of at least $100,000 and in integral multiples of $100,000 in excess of that amount and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base if Eurodollar Rate Loans, Adjusted LIBOR Rate Loans, or in a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date principal amount of at least $1,000,000 and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateintegral multiples of $100,000 in excess of that amount.

Appears in 1 contract

Samples: Credit Agreement (Rhi Holdings Inc)

Revolving Loans. During the Revolving Commitment Period, subject (a) Subject to the terms and conditions hereofset forth herein, each Tranche A Lender severally agrees to make revolving loans (each such loan, a “Tranche A Revolving Loan”) to the Borrower in Dollars or one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Tranche A Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Tranche A Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Tranche A Revolving Credit Exposure Loans of any Tranche A Lender shall not exceed such Lender’s Tranche A Revolving Commitment, (iii) the aggregate Outstanding Amount of all Tranche A Revolving Loans shall not exceed the Aggregate Tranche A Revolving Commitment and (iv) the aggregate Outstanding Amount of all Tranche A Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Amounts borrowed pursuant Within the limits of each Tranche A Lender’s Tranche A Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Tranche A Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit Agreement (Laureate Education, Inc.)

Revolving Loans. During Subject to and in reliance upon the Revolving Commitment Periodterms, subject to conditions, representations, and warranties in the terms and conditions hereofLoan Documents, each Lender severally severally, but not jointly, agrees to make revolving loans (each such loan, revolving loan a “Revolving Loan”) to Borrower from time to time on any Business Day during the Borrower period from the Closing Date to the Fifth Amendment Effective Date, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving CommitmentCommitment as set forth on Schedule 2.01; providedprovided that, that after giving effect to the making of any Revolving LoanBorrowing, (ia) the Total Revolving Outstandings shall not exceed the lesser of (i) Aggregate Revolving Commitments, Commitments and (ii) the Borrowing Base, and (b) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant ; provided further that on and after the Fifth Amendment Effective Date all outstanding Revolving Loans shall be automatically converted to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during term loans, the Aggregate Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each will be permanently cancelled and reduced to zero and each Lender’s Revolving Commitment shall expire on will be permanently cancelled and reduced to zero. Within the limits of each Lender’s Revolving Commitment Termination Date Commitment, and all subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.01, prepay under Section 2.04, and reborrow under this Section 2.01 until the Fifth Amendment Effective Date. Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.” Fifth Amendment to Quest Cherokee Amended and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.Restated Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (PostRock Energy Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate principal amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsCommitments or, and if applicable, the 2005 Senior Note Limit, (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment, (iii) the aggregate Outstanding Amount of Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit and (iv) the aggregate Outstanding Amount of Revolving Loans made to the Designated Borrowers shall not exceed the Designated Borrower Sublimit. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, provided, however, all Borrowings of Revolving Loans made on the Closing Date shall be made as Base Rate Loans; provided, Adjusted LIBOR further, that all Alternative Currency Loans shall be made as Eurocurrency Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit Agreement (Fti Consulting Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of all Revolving Loans and L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and further provided herein, except that all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall denominated in an Alternative Currency must be paid in full no later than such dateLIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (WHITEWAVE FOODS Co)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in US Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, ; and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment; and provided further that the availability of the Aggregate Revolving Commitments at any time shall be reduced by the amount of the Foreign Swing Line Facility Reserve. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.08, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Loans or Eurocurrency Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Brightpoint Inc)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, in no event shall (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and Commitments in effect at such time or (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower Borrowers may request; provided that any Revolving Loans made on the Closing Date shall be Base Rate Loans unless the Borrowers shall have delivered to the Administrative Agent a funding indemnity letter in form and substance reasonably acceptable to the Administrative Agent prior to the Closing Date. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofof this Agreement, each Lender severally agrees to make revolving loans (each such loanLoan, a “Revolving Loan”) to the Borrower in US Dollars or in one or more Alternative Currencies from time to time, subject to the provisions of Section 2.4, from the Closing Date to the Maturity Date in an aggregate principal amount at any time outstanding up to but not exceeding the amount of such Lender’s Revolving Commitment as then in effect; provided, however, (i) the aggregate Outstanding Amount of the Revolving Loans of such Lender plus such Lender’s Commitment Percentage of the Outstanding Amount of all L/C Obligations plus such Lender’s Commitment Percentage of the Outstanding Amount of all Swingline Loans shall not at any time exceed such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (iii) the Outstanding Amount of Revolving Loans denominated in Alternative Currencies plus the Outstanding Amount of L/C Obligations denominated in Alternative Currencies shall not at any time exceed the Alternative Currency Sublimit, and (iii) the Total Revolving Outstandings shall not at any time exceed the Aggregate Revolving Commitments. Subject to the foregoing limitations, and (ii) the other terms and provisions of this Agreement, the Borrower may borrow, prepay and reborrow Revolving Credit Exposure Loans hereunder. Revolving Loans may be Base Rate Loans or Libor Loans. Until the Maturity Date, the Borrower may Continue Libor Loans or Convert Revolving Loans of any one Type into Revolving Loans of another Type. Each Type of Revolving Loan advanced by each Lender shall not exceed be established and maintained at such Lender’s Applicable Lending Office for such Type of Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateLoan.

Appears in 1 contract

Samples: Credit Agreement (Williams Sonoma Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Company or, as applicable, to the Foreign Borrower, in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period for the Revolving Facility, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, provided that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsFacility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Revolving Loans made to the Foreign Borrower plus the Outstanding Amount of all Foreign Swing Line Loans made to the Foreign Borrower plus the Outstanding Amount of all L/C Obligations of the Foreign Borrower shall not exceed the Foreign Borrower Sublimit. Amounts borrowed pursuant Within the limits of each Revolving Xxxxxx’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Term SOFR Loans, Adjusted LIBOR as further provided herein; provided that Alternative Currency Loans will be Alternative Currency Daily Rate Loans or Alternative Currency Term Rate Loans. 2.02 Borrowings, or a combination thereof, as the Borrower may requestConversions and Continuations of Loans. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.(a)

Appears in 1 contract

Samples: Credit Agreement (COMMERCIAL METALS Co)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Loans and Letters of Credit denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit and (iv) in the case of a Certain Funds Credit Extension, the Borrowing of such Revolving Loans shall not exceed the Certain Funds Sublimit. Amounts borrowed pursuant Each Lender may, at its option, make any Revolving Loan available to any Designated Borrower that is a Foreign Subsidiary by causing any foreign or domestic branch or Affiliate of such Lender to make such Revolving Loan; provided that any exercise of such option shall not (i) affect the obligation of such Designated Borrower to repay such Revolving Loan in accordance with the terms of this Agreement or (ii) cause the Borrowers to incur any expense (including any additional taxes) they would not otherwise incur. Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Teledyne Technologies Inc)

Revolving Loans. During the Revolving Commitment Period, subject (a) Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a "Revolving Loan") to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s 's Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the lesser of (A) the Aggregate Revolving CommitmentsCommitments and (B) the Borrowing Base, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender's Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender's Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed the lesser of (A) such Lender’s 's Revolving Commitment and (B) an amount equal to such Lender's Revolving Commitment Percentage of the Borrowing Base. Within the limits of each Lender's Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, as further provided herein, provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit Agreement (Psychiatric Solutions Inc)

Revolving Loans. During the Revolving Commitment Period, subject (a) Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans to the Company (each such loan, a “Domestic Revolving Loan”) in Dollars on any Business Day during the Availability Period, or loans to Allied B.V. (each such loan, a “Foreign Revolving Loan”) in Alternative Currency on a Business Day during the Borrower Availability Period in an aggregate amount up to but that will not result in the Outstanding Amount of Revolving Loans of such Lender exceeding such Lender’s Revolving CommitmentLoan Commitment at such time; provided, however, that after giving effect to the making of any Revolving Loan, (iA) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Loan Commitments, and (iiB) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, shall not exceed such Lender’s Commitment and (C) the Outstanding Amount of all Foreign Revolving Loans shall not exceed the Foreign Revolving Sublimit. Within the limits of each Lender’s Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.02(a), prepay under Section 2.06, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.02(a)) during the Revolving Commitment Period. The Domestic Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Allied Motion Technologies Inc)

Revolving Loans. During Prior to the Revolving Commitment PeriodTermination Date, (i) each USD Lender severally and not jointly agrees, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, individually a “USD Revolving Loan” and, collectively, the “USD Revolving Loans”) in U.S. Dollars and/or Euros to the Borrower Borrowers from time to time in an aggregate amount outstanding U.S. Dollar Equivalent up to but not exceeding the amount of such Lender’s Revolving USD Commitment; provided, however, that after giving effect to the making of any Revolving Loan, such Borrowing (i1) the Total Revolving USD Outstandings shall not exceed the Aggregate Total USD Commitments in effect at such time, (2) the aggregate Outstanding Amount of the USD Revolving CommitmentsLoans of any USD Lender, plus such Lender’s USD Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s USD Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s USD Commitment, (3) the aggregate Outstanding Amount of USD Revolving Loans and Swing Line Loans denominated in Euros shall not exceed the Euro Sublimit and (4) until such time (if any) as the Company will have duly authorized the borrowing of the full amount of the Total Commitments and furnished to the Administrative Agent supplemental evidence of such authorization, the U.S. Dollar Equivalent of the Total Outstandings shall not exceed U.S. $2,000,000,000; and (ii) each EUR Lender severally and not jointly agrees, subject to the terms and conditions hereof, to make revolving loans (each individually a “EUR Revolving Credit Exposure Loan” and, collectively, the “EUR Revolving Loans”) in Euros to the Company from time to time in an aggregate Outstanding Amount up to the amount of such Lender’s EUR Commitment; provided, however, that after giving effect to any such Borrowing (1) the Total EUR Outstandings shall not exceed the Total EUR Commitments in effect at such time, (2) the aggregate Outstanding Amount of the EUR Revolving Loans of any EUR Lender shall not exceed such Lender’s EUR Commitment and (3) until such time (if any) as the Company will have duly authorized the borrowing of the full amount of the Total Commitments and furnished to the Administrative Agent supplemental evidence of such authorization, the U.S. Dollar Equivalent of the Total Outstandings shall not exceed U.S. $2,000,000,000. Each Borrowing of Revolving CommitmentLoans shall be made ratably by the Lenders in proportion to their respective Percentages of the applicable Class. Amounts borrowed pursuant As provided in Section 2.04(a), and subject to this Section 2.1(a) the terms hereof, the applicable Borrower may elect that each Borrowing of Revolving Loans denominated in U.S. Dollars be either Base Rate Loans or Eurocurrency Loans. All Loans denominated in Euros shall be Eurocurrency Loans. Revolving Loans may be repaid and reborrowed without premium or penalty (before the Termination Date, subject to Section 3.1(c)) during the Revolving Commitment Periodterms and conditions hereof. The Revolving Loans may consist Without limitation of Base Rate Loansthe foregoing, Adjusted LIBOR Rate Loansany Lender may, at its option, make any Loan available to any Borrower by causing any foreign or a combination thereof, as domestic branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of such Borrower may request. Each Lender’s Revolving Commitment shall expire on to repay such Loan in accordance with the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateterms of this Agreement.

Appears in 1 contract

Samples: Guaranty Agreement (LyondellBasell Industries N.V.)

Revolving Loans. During Each Lender agrees, severally to the extent of its Revolving Commitment and not jointly with the other Lenders, upon the terms and subject to the conditions set forth herein, to make Revolving Loans to Borrowers on any Business Day during the period from the Closing Date through the Business Day before the last day of the Term, not to exceed in aggregate principal amount outstanding at any time such Xxxxxx's Revolving Commitment at such time, which Revolving Loans may be repaid and reborrowed in accordance with the provisions of this Agreement; provided, however, that, except as provided in Section 2.2(b)(ii), Lenders shall have no obligation to Borrowers whatsoever to honor any request for a Revolving Loan on or after the Revolving Commitment PeriodTermination Date or if at the time of the proposed funding thereof the aggregate Working Capital Obligations then outstanding and Pending Revolving Loans exceeds, subject to or would exceed after the terms and conditions hereof, each Lender severally agrees to make revolving loans (each funding of such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, the lesser of (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and Borrowing Base or (ii) the Revolving Credit Exposure Commitments. Each borrowing of any Lender Revolving Loans shall not exceed such Lender’s be funded by Lenders on a Pro Rata basis in accordance with their respective Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment PeriodCommitments. The Revolving Loans may shall bear interest as set forth in Section 2.5 hereof. Each Revolving Loan shall, at the option of Borrowers, be made or continued as, or converted into, part of one or more borrowings that, unless specifically provided herein, shall consist entirely of Base Rate Loans, Adjusted LIR Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Euramax Holdings, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject solely to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period for the Revolving Facility in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Revolving Lender, plus such Revolving Lender’s Applicable Revolving Percentage multiplied by the Outstanding Amount of all L/C Obligations, shall not exceed such Revolving Lender’s Revolving Commitment and (iii) the Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, each Borrower may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Samples: Credit Agreement (Coherent Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the - 44 - Availability Period in an aggregate principal amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment, (iii) (x) the aggregate Outstanding Amount of Revolving Loans and Letters of Credit denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit, and (y) to the extent the Administrative Agent and/or the Lenders or L/C Issuers, as applicable, have imposed a limit on the Dollar Equivalent amount of Loans or Letters of Credit, as the case may be, with respect to any Alternative Currency, the Total Revolving Outstandings denominated in such Alternative Currency shall not exceed such limit, and (iv) the aggregate Total Revolving Outstandings in respect of which Designated Borrowers are primarily obligated shall not exceed the Designated Borrower Sublimit. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR as further provided herein; provided, however, that all Loans denominated in an Alternative Currency shall be made as Eurocurrency Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit Agreement (Fti Consulting, Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a, and (iii) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist aggregate Outstanding Amount of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Revolving Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein; provided, that all Loans to Xxxxx Finance Luxembourg and the Revolving Commitments Xxxxx SARL that are denominated in Dollars shall be paid in full no later than such dateEurocurrency Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Brady Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of all Loans and L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Credit Agreement (Innerworkings Inc)

Revolving Loans. During the Revolving Commitment PeriodEach Lender severally agrees, subject to on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loanRevolving Loans to any Borrower, a “Revolving Loan”) to participate in Swingline Loans made to any Borrower and to participate in Letters of Credit issued upon the Borrower request of any Borrower, in an amounts not to exceed in the aggregate at any one time outstanding the amount up to but not exceeding of such Lender’s Revolving Commitment; providedprovided that, that after giving effect to the making of any Revolving Loanexcept as set forth in Section 2.23.1(ii), (i) the Total aggregate principal amount of all Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of Loans by such Lender to any Lender Borrower shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during Pro Rata Share of the Revolving Commitment Period. The Revolving Loans may consist aggregate principal amount of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans to such Borrower; (ii) such Lender’s participation in Letters of Credit issued for the account of any Borrower shall not exceed such Lender’s Pro Rata Share of all LC Obligations of such Borrower; (iii) such Lender’s participation in Swingline Loans to any Borrower shall not exceed such Lender’s Pro Rata Share of all Swingline Loans to such Borrower; (iv) for any Borrower, the Outstanding Credit Extensions to such Borrower shall at no time exceed such Borrower’s respective Sublimit and (v) the LC Obligations of all other amounts owed Borrowers collectively shall not at any time exceed the Letter of Credit Sublimit. Within the foregoing limits, each Borrower may from time to time borrow, prepay pursuant to Section 2.9 and reborrow hereunder with respect prior to the Revolving Loans and the Revolving Commitments shall be paid in full no later than Facility Termination Date for such dateBorrower.

Appears in 1 contract

Samples: Credit Agreement (Pepco Holdings Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereof, each Lender severally agrees agrees, on the terms and conditions hereinafter set forth, to make revolving credit loans in Dollars (each such loan, a “"Revolving Loan”Loans") to the Borrower Company, from time to time during the Commitment Period in an aggregate principal amount up at any one time outstanding not to but not exceeding exceed the amount of such Lender’s 's Pro Rata Share of ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000) (as such amount may be reduced pursuant to this Agreement, the "Revolving CommitmentCommitted Amount"); providedprovided that with regard to each individual Lender, that after giving effect to the making principal amount of any such Lender's Pro Rata Share of outstanding Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure Loans plus such Lender's Pro Rata Share of any Lender outstanding Swingline Loans plus such Lender's Pro Rata Share of LOC Obligations outstanding shall not exceed such Lender’s 's Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) During the Commitment Period the Company may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during use the Revolving Commitment Period. The Revolving Loans may consist of Base Rate LoansCommitted Amount by borrowing, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof; provided that in no event shall the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding Swingline Loans plus all LOC Obligations outstanding at any one time outstanding exceed the Revolving Commitments Committed Amount. There shall be paid in full no later than such dateRevolving Loans outstanding on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Hercules Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment and (iii) the Outstanding Amount of Revolving Loans of any Swing Line Lender plus the aggregate Outstanding Amount of Swing Line Loans made by such Swing Line Lender shall not exceed such Swing Line Lender’s Commitment. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Loans or Eurodollar Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire further provided herein, provided, however, all Borrowings made on the Revolving Commitment Termination Closing Date shall be made as Base Rate Loans, unless a funding indemnity letter in form and all Revolving Loans and all other amounts owed hereunder with respect substance reasonably satisfactory to the Revolving Loans and Administrative Agent is received at least three Business Days prior to the Revolving Commitments shall be paid in full no later than such dateClosing Date (along with the applicable Loan Notice).

Appears in 1 contract

Samples: Credit Agreement (Raymond James Financial Inc)

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