Swingline Commitments. (a) Subject to the terms and conditions hereof, the Swingline Lender agrees to make Swingline loans (individually, a “Swingline Loan”; collectively, the “Swingline Loans”) to any of the Borrowers from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $25,000,000; provided that at no time may the sum of the then outstanding Swingline Loans, Revolving Credit Loans (including in the case of Revolving Credit Loans then outstanding in any Designated Foreign Currency, the Dollar Equivalent of the aggregate principal amount thereof) and L/C Obligations exceed the lesser of (1) the Commitments then in effect and (2) the Borrowing Base then in effect (based on the most recent Borrowing Base Certificate) (it being understood and agreed that the Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Revolving Credit Loans in any Designated Foreign Currency on the date the notice of borrowing of Swingline Loans is given for purposes of determining compliance with this Subsection 2.4). Swingline Loans shall be made in minimum amounts of $1,000,000 or Cdn$1,000,000, as applicable, and integral multiples of $500,000 or Cdn$500,000, as applicable, above such amount. Amounts borrowed by any Borrower under this Subsection 2.4 may be repaid and, through but excluding the Termination Date, reborrowed. All Swingline Loans made to any Borrower shall be made in Dollars or Canadian Dollars as ABR Loans or Canadian Prime Rate Loans, as applicable, and shall not be entitled to be converted into Eurodollar Loans or BA Equivalent Loans. The Borrower Representative (on behalf of itself or any other Borrower as the case may be), shall give the Swingline Lender irrevocable notice (which notice must be received by the Swingline Lender prior to 12:00 Noon, New York City time, on the requested Borrowing Date) specifying (1) the identity of a Borrower, (2) the amount of the requested Swingline Loan and (3) whether the Borrowing is to be of ABR Loans or Canadian Prime Rate Loans. The proceeds of the Swingline Loans will be made available by the Swingline Lender to the Borrower identified in such notice at an office of the Swingline Lender by crediting the account of such Borrower at such office with such proceeds in Dollars or Canadian Dollars.
Swingline Commitments. (a) Subject to the terms and conditions hereof, each Swingline Dollar Lender agrees to make a portion of the credit otherwise available to the Borrowers under the Revolving Commitments from time to time during the Revolving Commitment Period by making swingline loans denominated in Dollars (“Swingline Dollar Loans”) to the Company; provided that (x) the aggregate principal amount of Swingline Dollar Loans outstanding at any time from any Swingline Dollar Lender shall not exceed the Swingline Dollar Commitment of such Swingline Dollar Lender then in effect (notwithstanding that the Swingline Dollar Loans of such Swingline Dollar Lender outstanding at any time, when aggregated with the Swingline Dollar Lender’s other outstanding Revolving Extensions of Credit, may exceed the Swingline Dollar Commitment of such Swingline Dollar Lender then in effect), (y) the Revolving Credit Exposure of such Swingline Dollar Lender shall not exceed its Revolving Commitment and (z) the Company shall not request, and the Swingline Dollar Lenders shall not make, any Swingline Dollar Loan if, after giving effect to the making of such Swingline Dollar Loan, the aggregate amount of the Available Revolving Commitments would be less than zero or the aggregate outstanding Swingline Dollar Loans would exceed the Swingline Dollar Limit. During the Revolving Commitment Period, the Company may use the Swingline Dollar Commitments by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Swingline Dollar Loans shall be denominated in Dollars and ABR Loans only.
Swingline Commitments. Subject to the terms and conditions and relying upon the representations and warranties herein set forth, (i) the Domestic Swingline Lender agrees to make Domestic Swingline Loans to the U.S. Borrower, in dollars, at any time and from time to time on and after the Closing Date and until the earlier of the Revolving Credit Maturity Date and the termination of the Domestic Revolving Credit Commitments in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in (x) the aggregate principal amount of all Domestic Swingline Loans exceeding $20,000,000 in the aggregate or (y) the Aggregate Domestic Revolving Credit Exposure, after giving effect to any Domestic Swingline Loan, exceeding the Total Domestic Revolving Credit Commitment, and (ii) the N.Z. Swingline Lender agrees to make N.Z. Swingline Loans to the New Zealand Borrower, in New Zealand Dollars, at any time and from time to time on and after the Closing Date and until the earlier of the Revolving Credit Maturity Date and the termination of the Multicurrency Revolving Credit Commitments in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in (x) the Aggregate Multicurrency Exposure attributable to Loans to, and Letters of Credit issued for the account of, the Australian Borrower and the New Zealand Borrower exceeding the ANZ Sublimit or (y) the Aggregate Multicurrency Revolving Credit Exposure, after giving effect to any N.Z. Swingline Loan, exceeding the Total Multicurrency Revolving Credit Commitment. Each Swingline Commitment may be terminated or reduced from time to time as provided herein. Within the foregoing limits, the U.S. Borrower and the New Zealand Borrower may borrow, pay or prepay and reborrow Domestic Swingline Loans and N.Z. Swingline Loans, respectively, hereunder, subject to the terms, conditions and limitations set forth herein.
Swingline Commitments. (i) Subject to and upon the terms and conditions herein set forth, the Swingline Lender in its individual capacity agrees, at any time and from time to time on and after the Closing Date and prior to the Swingline Maturity Date, to make a loan or loans to the Borrower (each a “Swingline Loan” and, collectively, the “Swingline Loans”), which Swingline Loans (a) shall be ABR Loans, (b) shall not exceed at any time outstanding the Swingline Commitment, (c) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect, and (d) may be repaid and reborrowed in accordance with the provisions hereof.
Swingline Commitments. Subject to the terms and conditions and relying upon the representations and warranties herein set forth, the Swingline Lender agrees to make loans to the U.S. Borrower in Dollars (“U.S. Swingline Loans”), and to the European Borrower in Dollars or in one or more Designated Foreign Currencies (“European Swingline Loans”) at any time and from time to time on and after the Closing Date and until the earlier of the Revolving Credit Maturity Date and the termination of the applicable Swingline Commitment in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in (i) in the case of U.S. Swingline Loans, (x) the U.S. Swingline Exposure exceeding the U.S. Swingline Commitment or (y) the aggregate U.S. Revolving Exposure exceeding the aggregate U.S. Revolving Commitments or (ii) in the case of the European Swingline Loans, (x) the European Swingline Exposure exceeding the European Swingline Commitment or (y) the aggregate European Revolving Exposure exceeding the aggregate European Revolving Commitments. Each Swingline Loan shall be in a principal amount that is an integral multiple of $100,000, i100,000 or ₤100,000, as the case may be. The Swingline Commitments may be terminated or reduced from time to time as provided herein. Within the foregoing limits, the Borrowers may borrow, pay or prepay and reborrow Swingline Loans hereunder, subject to the terms, conditions and limitations set forth herein.
Swingline Commitments. With effect on and from the execution of this Agreement, the Swingline Commitment of each Swingline Lender shall be as follows: [INSERT SWINGLINE COMMITMENTS]]28
Swingline Commitments. Swingline Lender Swingline Commitment Xxxxx Fargo Bank, National Association $100,000,000 Citibank, N.A. $100,000,000 Total $200,000,000 Schedule IAnnex III Pricing Schedule Swingline Commitments SCHEDULE I PRICING SCHEDULE Pricing shall be based upon the Borrower’s rating on its senior unsecured non-credit enhanced publicly held indebtedness as follows: follows:
Swingline Commitments. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to Borrower in Dollars from time to time after the Closing Date during the Revolving Availability Period in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of Swingline Loans exceeding $15,000,000, or (ii) the Aggregate Revolving Credit Exposures exceeding the lesser of (x) the Total Revolving Credit Commitments and (y) the Borrowing Base; provided that no Swingline Lender shall be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow Swingline Loans.
Swingline Commitments. Subject to the terms and conditions and relying upon the representations and warranties herein set forth, (i) the Domestic Swingline Lender agrees to make Domestic Swingline Loans to the U.S. Borrower, in dollars, at any time and from time to time on and after the Closing Date and until the earlier of the Revolving Credit Maturity Date and the termination of the Domestic Revolving Credit Commitments in accordance with the terms hereof, in an aggregate principal amount at any time
Swingline Commitments. Lender Swingline Commitment JPMorgan Chase Bank, N.A. $0.00 Bank of America, N.A. $0.00 Total $0.00 509265-1868-14449-Active.18623094.29 Schedule 1.1(c) to Credit Agreement Schedule 9.12 Subsidiaries NAME JURISDICTION California Heavy Oil, Inc. Delaware California Resources Elk Hills, LLC Delaware California Resources Production Corporation Delaware CRC Marketing, Inc. Delaware CRC Services, LLC Delaware Elk Hills Power, LLC Delaware California Resources Long Beach, Inc. Delaware California Resources Tidelands, Inc. Delaware California Resources Wilmington, LLC Delaware Socal Holding, LLC Delaware Southern San Xxxxxxx Production, Inc. Delaware Thums Long Beach Company Delaware Tidelands Oil Production Company Texas California Resources Petroleum Corporation Delaware CRC Construction Services, LLC Delaware California Resources Coles Levee, L.P. Delaware California Resources Coles Levee, LLC Delaware Xxxxx Oil Company California Lomita Gasoline Company, Inc. California Tenby, Inc. California Monument Production, Inc. California 509265-1868-14449-Active.18623094.29 Schedule 9.12 to Credit Agreement 509265-1868-14449-Active.18623094.29 Schedule 9.12 to Credit Agreement Exhibit K 13 WEEK CASH FLOW FORECAST AND REPORTING PACKAGE [See attached.] 509265-1868-14449-Active.18623094.29 California Resources Corporation Exhibit K Monthly Operations Report ($ in millions) [Month] Oil Production - (Mbopd) — NGL Production - (Mbopd) — Gas Production - (MMcfd) — Total Production - (Mboepd) — Oil Revenues — Gas Revenues — Hedge revenue realized & unrealized — Electricity revenues — Total Revenues — Production Costs — G&A — DD&A — Taxes other than on income — Other expenses — Operating Expenses — Asset Impairment — Exploration Expense — Interest Expenses — Pretax income — Income Taxes — 509265-1868-14449-Active.18623094.29 — Net income — Drilling and Workover Capital Facilities, Non-Return, and Other Capital — — Net Cash Flow — EBITDAX — Ending Cash Balance — Term Loan Balance — Revolver Balance — Notes Balance — Oil Prices ($/Bbl) Xxxxx Index Oil Prices — Realized Oil Price without xxxxxx — Realized Oil Price with xxxxxx — Natural Gas Prices NYMEX Natural Gas Prices ($/Mmbtu) — Realized Natural Gas Prices without hedge ($/Mcf) — Realized Natural Gas Prices with hedge ($/Mcf) — NGLs Prices ($/Bbl) Realized NGL Price — % Xxxxx — 509265-1868-14449-Active.18623094.29 California Resources Corporation Consolidated Cash Forecast Week Ending 2/5/2016 2/12/2016 2/19/2016 2/26/2016 3...
