Supplemental Revolving Loans Sample Clauses

Supplemental Revolving Loans. Each Supplemental Revolving Lender severally, and for itself alone, agrees, on the terms and subject to the conditions hereinafter set forth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to continue to make loans to the Borrower on a revolving basis from time to time from and after the Restatement Date to, but not including, the Supplemental Revolver Termination Date, in its Supplemental Revolving Loan Pro Rata Share of such aggregate amount as the Borrower may request, but not exceeding in an aggregate principal amount at any one time outstanding the applicable Supplemental Revolving Loan Commitment of such Supplemental Revolving Lender at such time. The Borrower and the Supplemental Revolving Lenders acknowledge the making of the Supplemental Revolving Loans which are outstanding on the Restatement Date in accordance with the terms of the Existing Credit Agreement and agree that such Supplemental Revolving Loans shall continue to be outstanding pursuant to the terms and conditions of this Agreement and the other Loan Documents. Prior to the Supplemental Revolver Termination Date, Supplemental Revolving Loans may be repaid and reborrowed by the Borrower in accordance with the provisions hereof.
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Supplemental Revolving Loans. In the event that (A) any Lender fails to make its Pro Rata Share of any properly requested Pro Rata Revolving Loan on or before 9:00 a.m. (Seattle time) on the date of any requested borrowing, and (B) Agent determines in good faith that such Lender's failure to make its Pro Rata Share of such Pro Rata Revolving Loan constitutes a violation of such Lender's commitment to lend under this Agreement, then Agent shall promptly notify Borrower and each Lender of such determination. In each such case, Borrower shall have the right, notwithstanding the notice requirement set forth in Section 2.2, to give telephonic notice to Agent requesting that each of the Lenders (other than the Lender whose failure to lend gave rise to such notice), make a supplemental revolving loan in an amount equal to the amount of such Lender's Adjusted Pro Rata Share of the Non- Funding Lender's Pro Rata Share of the initially requested Pro Rata Revolving Loan, provided that, after giving effect to such supplemental revolving loan (a) the aggregate of all Revolving Loans outstanding from such Funding Lender will not exceed such Funding Lender's Pro Rata Share of the Commitment; and (b) the aggregate of all Revolving Loans outstanding from such Funding Lender will not exceed such Funding Lender's Pro Rata Share of the Available Amount. Each such supplemental revolving loan shall be referred to in this Agreement as a "Supplemental Revolving Loan." Each Supplemental Revolving Loan shall be a Prime Rate Loan unless and until all or any portion of such Supplemental Revolving Loan has been converted to a LIBOR Loan pursuant to Section 2.5(b). In the event that a judicial determination is made that any Non-Funding Lender's failure to make its Pro Rata Share of any requested Pro Rata Revolving Loan constituted a breach of such Lender's commitment to lend under Section 2.1(a), then the Funding Lenders shall be entitled to repayment from such Non-Funding Lender of the unpaid principal amount of the Supplemental Revolving Loans that resulted from such Non-Funding Lender's breach, together with interest thereon at the Applicable Interest Rate (reduced by any amounts such Funding Lenders have already received in respect of such Supplemental Revolving Loans from Borrower) and such Non-Funding Lender shall, to the extent of such repayment, become a Funding Lender in respect of the amount of such repayment. The Revolving Loans described in Section 2.1(a) and in this Section 2.1(b) constitute a revolvin...
Sample 1
Supplemental Revolving Loans. Upon the satisfaction of the conditions precedent set forth in Sections 4.1 and 4.2, and only so long as the Revolving Credit Availability shall be zero, from and including December 14, 2001 through but not including March 31, 2003 (or such earlier date as the Aggregate Supplemental Revolving Loan Commitment may be permanently reduced pursuant to Section 2.5A), each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make revolving loans, in Dollars only, to the applicable Borrower from time to time in an amount not to exceed such Lender's Supplemental Revolving Loan Commitment (each individually, a "SUPPLEMENTAL REVOLVING LOAN" and collectively, the "SUPPLEMENTAL REVOLVING LOANS"); provided, however, that at no time shall the aggregate Dollar Amount of the Supplemental Revolving Loans exceed the Dollar Amount of the Maximum Supplemental Revolving Credit Amount. Each Advance under this Section 2.2B shall consist of Supplemental Revolving Loans made by each Lender ratably in proportion to such
Sample 1
Supplemental Revolving Loans. Subject to the terms and conditions set forth herein, each Lender agrees to make loans in dollars to any Borrower from time to time during the Supplemental Revolving Credit Availability Period in an aggregate principal amount that will not result in such Lender's Supplemental Revolving Credit Exposure to all Borrowers exceeding such Lender's Supplemental Revolving Commitment; provided that no Lender shall make any Supplemental Revolving Loan if, after giving effect to the making of such Supplemental Revolving Loan, the total Supplemental Revolving Credit Exposure of all Lenders then outstanding would exceed the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Supplemental Revolving Loans.".
Sample 1
Supplemental Revolving Loans. Section 2.01(d) of the Credit Agreement is amended to delete in its entirety the proviso in the first sentence in such Section.
Sample 1
Supplemental Revolving Loans. (a) Subject to and upon the terms and conditions contained herein, Lender agrees to make Supplemental Revolving Loans to Borrower from time to time in amounts requested by Borrower, up to the amount at any one time outstanding equal to the Supplemental Revolving Loan Limit as then in effect. Borrower may not request Supplemental Revolving Loans, and Lender shall not make Supplemental Revolving Loans, except as Lender may otherwise determine, so long as there are any Revolving Loans available to Borrower under Section 2.1
Sample 1
Supplemental Revolving Loans. Each Supplemental Revolving Lender severally, and for itself alone, agrees, on the terms and subject to the conditions hereinafter set forth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make loans to the Borrower on a revolving basis from time to time from and after the Restatement Date, in its Supplemental Revolving Loan Pro Rata Share of such aggregate amount as the Borrower may request, but not exceeding in an aggregate principal amount at any one time outstanding the applicable Supplemental Revolving Loan Commitment of such Supplemental Revolving Lender at such time. Prior to the Supplemental Revolver Termination Date, Supplemental Revolving Loans may be repaid and reborrowed by the Borrower in accordance with the provisions hereof. Supplemental Revolving Loans constituting Eurodollar Rate Loans shall only have Interest Periods of one month during the first ninety (90) days following the Restatement Date.
Sample 1
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Related to Supplemental Revolving Loans

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • The Revolving Loans (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Loans to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date applicable to such Lender in an aggregate outstanding amount not to exceed at any time such Lender’s Available Commitment at such time. Within the limits of each Lender’s Commitment and as hereinabove and hereinafter provided, including without limitation Section 2.01(b), the Borrower may request a Borrowing hereunder, and repay or prepay Revolving Loans pursuant to Section 2.14 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereof.

  • Revolving Loan Borrowings (i) Each Revolving Loan Borrowing shall be made on notice, given not later than (x) 12:00 noon (New York City time) on the third (3rd) Business Day prior to the date of a Eurodollar Rate Borrowing, and (y) 10:00 A.M. (New York City time) on the day of a Base Rate Borrowing, by the Borrower to the Administrative Agent, which shall give to each Lender prompt notice thereof by telecopier, telex, cable or electronic mail. Each notice of a Revolving Loan Borrowing (a “Notice of Revolving Loan Borrowing”) shall be made in the form of a written Loan Notice, or orally and confirmed immediately in writing, by telecopier, telex, cable or electronic mail, in the form of a written Loan Notice, specifying therein the requested (i) date of such Revolving Loan Borrowing (which shall be a Business Day), (ii) Type of Revolving Loan comprising such Revolving Loan Borrowing, (iii) aggregate amount of such Revolving Loan Borrowing and (iv) in the case of a Revolving Loan Borrowing comprised of Eurodollar Rate Loans, the Interest Period for each such Revolving Loan. Each Lender shall (A) before 11:00 A.M. (New York City time) on the date of such Borrowing (in the case of a Eurodollar Rate Borrowing) and (B) before 1:00 P.M. (New York City time) on the date of such Borrowing (in the case of a Base Rate Borrowing), make available for the account of its applicable Lending Office to the Administrative Agent at the Administrative Agent’s Account in same day funds, such Lender’s ratable portion of such Borrowing (based upon its Applicable Revolving Credit Percentage). After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Section 4.02, the Administrative Agent will make such funds available to the Borrower in such manner as the Administrative Agent and the Borrower may agree; provided, however, that the Administrative Agent shall first make a portion of such funds equal to the aggregate principal amount of any Swing Loan and Letter of Credit Loans as to which the Borrower has received timely notice made by the Swing Loan Bank or the Issuing Bank, as the case may be, and by any other Lender and outstanding on the date of such Revolving Loan Borrowing, plus interest accrued and unpaid thereon to and as of such date, available to the Swing Loan Bank or the Issuing Bank, as the case may be, and such other Lenders for repayment of such Swing Loans and Letter of Credit Loans.

  • Making Revolving Credit Loans The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the Borrower and the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower in U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m., on the applicable Borrowing Date; provided that if any Lender fails to remit such funds to the Administrative Agent in a timely manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loans of such Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6.2 [Presumptions by the Administrative Agent].

  • Revolving Loan Notes The Revolving Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.7(a) hereto (the “Revolving Loan Notes”) and in a principal amount equal to the amount of such Lender’s Commitment Percentage of the Revolving Loan Commitment as originally in effect.

  • Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

  • The Revolving Credit Loans Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any such Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

  • Term Loans Subject to the terms and conditions of this Agreement, on the Closing Date, each Lender then party to this Agreement severally (and not jointly) made a term loan to Borrowers (collectively, the “Existing Term Loans”) in an amount equal to $20,000,000. Subject to the terms and conditions of this Agreement and the First Amendment, on the First Amendment Effective Date, each Lender severally (and not jointly) agrees to make an additional term loan to Borrowers (collectively, the “First Amendment Term Loans”) in an amount equal to such Lxxxxx’s Term Loan Commitment, such that after giving effect to the First Amendment on the First Amendment Effective Date, the aggregate principal amount of the Term Loans hereunder shall be $40,000,000. Subject to the terms and conditions of this Agreement and the Second Amendment, on the Second Amendment Effective Date, each Lender severally (and not jointly) agrees to make an additional term loan to Borrowers (collectively, the “Second Amendment Term Loans,” and together with the Existing Term Loan and the First Amendment Term Loans, collectively, the “Term Loans”), in an amount equal to such Lxxxxx’s Term Loan Commitment, such that after giving effect to the Second Amendment on the Second Amendment Effective Date, the aggregate principal amount of the Term Loans hereunder shall be $60,000,000. All Term Loans shall be made in and repayable in Dollars. Amounts repaid in respect of Term Loans may not be reborrowed, and upon each Lender’s making of the Second Amendment Term Loans on the Second Amendment Effective Date, any then outstanding Term Loan Commitment of such Lender shall be terminated (it being understood and agreed that the initial Term Loan Commitments of $20,000,000, under and as defined in this Agreement as in effect on the Closing Date, were reduced to $0 upon the funding of the Existing Term Loans on the Closing Date and the Term Loan Commitments of $20,000,000, under and as defined in this Agreement as in effect on the First Amendment Effective Date, were reduced to $0 upon the funding of the First Amendment Term Loans on the First Amendment Effective Date).

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate, plus three-quarters of one percent (0.75%), which interest shall be payable monthly in accordance with Section 2.1.2(b) above and Section 2.3(d) below.

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