Common use of Revolving Nature Clause in Contracts

Revolving Nature. The Borrower may borrow, repay and re-borrow any amount of the Individual Commitment Amount of each Lender based on the Rateable Portion of such Lender's Individual Commitment Amount until the Maturity Date applicable to such Lender.

Appears in 2 contracts

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

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Revolving Nature. The Borrower may borrow, repay and re-borrow any amount of the Individual Commitment Amount of each Lender based on the Rateable Portion of such Lender's ’s Individual Commitment Amount until the Maturity Date applicable to such LenderAmount.

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

Revolving Nature. The Borrower may borrow, repay and re-borrow any amount of the Individual Commitment Amount under either Tranche of each Lender based on the Rateable Portion of such Lender's ’s Individual Commitment Amount under such Tranche until the Maturity Termination Date applicable to such LenderLender under such Tranche.

Appears in 1 contract

Samples: Credit Agreement (Penn West Petroleum Ltd.)

Revolving Nature. The Borrower may borrow, repay and re-borrow any amount of the Individual Commitment Amount of each Lender based on the Rateable Portion of such Lender's Individual Commitment Amount until the Maturity Termination Date applicable to such Lender.

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

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Revolving Nature. The Borrower may borrow, repay and re-borrow any amount of the Individual Commitment Amount of each Lender under each Tranche based on the Rateable Portion of such Lender's ’s Individual Commitment Amount under such Tranche until the Maturity Termination Date applicable to such LenderLender under the applicable Tranche.

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

Revolving Nature. The Borrower may borrow, repay and re-borrow any amount of the Individual Commitment Amount of each Lender based on the Rateable Portion of such Lender's Individual Commitment Amount until the Maturity Date applicable to such LenderAmount.

Appears in 1 contract

Samples: Credit Agreement (Harvest Energy Trust)

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