Common use of The B Advances Clause in Contracts

The B Advances. (a) Each Bank severally agrees that the Company and any Borrowing Subsidiary may make B Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 15 days prior to the Termination Date in the manner set forth below; provided that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding shall not exceed the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction).

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Ecolab Inc), Multicurrency Credit Agreement (Ecolab Inc)

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The B Advances. (a) Each Bank severally agrees that the Company and any Borrowing Subsidiary may make B Borrowings under this Section SECTION 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 15 days prior to the Termination Date in the manner set forth below; provided PROVIDED that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding shall not exceed the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction).

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Ecolab Inc), Multicurrency Credit Agreement (Ecolab Inc)

The B Advances. (a) Each Bank severally agrees that the Company and any Borrowing Subsidiary Borrower may make B Borrowings under this Section 2.03 2.16 from time to time on any Business Day during the period from the date hereof until the earlier of (1) the Termination Date or (2) the date occurring 15 thirty (30) days prior to the Stated Termination Date in the manner set forth below; provided that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding to the Borrower shall not exceed the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction).

Appears in 2 contracts

Samples: Credit Agreement (Williams Holdings of Delaware Inc), Credit Agreement (Williams Companies Inc)

The B Advances. (a) Each Bank severally agrees that the Company and any Borrowing Subsidiary Borrower may make B Borrowings under this Section 2.03 2.16 from time to time on any Business Day during the period from the date hereof until the earlier of (1) the Termination Date or (2) the date occurring 15 thirty (30) days prior to the Stated Termination Date in the manner set forth below; provided that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding to the Borrower shall not exceed 364-Day Credit Agreement 26 the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction).

Appears in 1 contract

Samples: Credit Agreement (Williams Companies Inc)

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The B Advances. (a) Each Bank severally agrees that the Company and any Borrowing Subsidiary may make B Borrowings under this Section SECTION 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 15 days prior to the Termination Date in the manner set forth below; provided that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding shall not exceed the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction).occurring

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Ecolab Inc)

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