The Borrowings Sample Clauses

The Borrowings. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans in Dollars (each such loan, a “Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time the outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations and Swingline Obligations shall not exceed such Lender’s Commitment. 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, prepay under Section 2.4, and reborrow under this Section 2.1. Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
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The Borrowings. (a) Subject to the terms and conditions of this Agreement, the Borrowers agree that (x) they will request loans (the “Loans”) in such amounts, and the Intercompany Lender agrees to make Loans in such amounts, as shall be necessary to ensure compliance with the Borrowing Base and other requirements under the Credit Agreement, including without limitation, those requirements set out in Section 2.03(b) of the Credit Agreement and (y) they shall from time to time pledge Loan Receivables to the Intercompany Lender pursuant to the Intercompany Security Documents such that after applying the percentage discounts in the definition of Borrowing Base in the Credit Agreement to the Loan Receivables so pledged, the Borrowing Base is not less than the outstanding principal amount of the Loans (as defined in the Credit Agreement). (b) At the time of each borrowing of Loans hereunder the relevant Borrowers shall immediately become indebted to the Intercompany Lender for the amount of each such borrowing. (c) The initial Loans being made hereunder on the Closing Date are shown on the schedule attached hereto (the “Loan Schedule”), and by execution of this Agreement each Borrower acknowledges receipt of the Loans made to it as set forth on the Loan Schedule, and requests that the Intercompany Lender transfer the amounts represented by such Loans to American General Finance Corporation, an Indiana corporation (“AGFC”) on its behalf, for credit to the repayment of each such Borrower’s intercompany loans with AGFC. (d) The Intercompany Lender shall maintain a schedule in respect of each Borrower that reflects the aggregate amount of Loans made to such Borrower hereunder at any time (the “Intercompany Loan Schedule”).
The Borrowings. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make to the Borrower on the Closing Date loans denominated in Dollars in an aggregate amount not to exceed the amount of such Term Lender’s Initial Term Commitment. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. The Initial Term Commitments will terminate at 5:00 p.m., New York City Time, on the Closing Date, if the Initial Term Loans have not been made prior to such time.
The Borrowings. (i) On the Closing Date, pursuant to the Restatement Agreement (whether by way of exchange of existing extensions of credit under the Existing Credit Agreement or by way of new extensions of credit) each Term Lender severally agrees to make Term B Loans available to the Borrower on the Closing Date in accordance with the Commitment of such Term Lender. No costs shall be payable under Section 3.05 in connection with transactions consummated under this Section 2.01(a)(i). (ii) Subject to the terms and conditions set forth in any Incremental Amendment or Refinancing Amendment providing for, as applicable, the making, exchange, renewal, replacement or refinancing of Term Loans, each Term Lender party thereto severally agrees to, as applicable, make, exchange, renew, replace or refinance Term Loans on the date specified therein in an aggregate amount not to exceed the amount of such Term Lender’s Commitment as set forth therein. Amounts borrowed, exchanged, renewed, replaced or refinanced under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
The Borrowings. Subject to the terms and conditions set forth herein, each Second Lien Lender severally agrees to make a loan on the Closing Date to the Borrower (each, a “Second Lien Loan” and, collectively, the “Second Lien Loans”) in an amount denominated in Dollars equal to such Second Lien Lender’s Second Lien Commitment. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
The Borrowings. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Loan”) to the Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate 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 Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the lesser of (A) the Revolving Credit Facility and (B) the sum of the Loan Values of all Eligible Collateral at such time, and (ii) the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all L/C Obligations, shall not exceed such Lender’s Revolving Credit Commitment. Within the limits of each Lender’s Revolving Credit 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. Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
The Borrowings. (a) [Reserved].
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The Borrowings. (a) Lender agrees, on the terms and subject to the conditions set forth in this Agreement, during the period from the date of this Agreement to the Maturity Date, to make Advances to Borrower from time to time on any Business Day in an aggregate amount not to exceed the Unused Commitment. Lender will have no obligation to make any Advances on or after the Maturity Date. Lender will have no obligation to make more than three Advances in any calendar month. (b) Each request for an Advance must be in an amount not less than $50,000 or an integral multiple of $10,000 in excess thereof; provided, that Borrower may, subject to the other terms and conditions of this Agreement, request an Advance in the amount of the entire Unused Commitment. (c) Borrower may prepay all or any part of any the outstanding principal balance of the Loan pursuant to Section 2.11 and reborrow pursuant to this Section 2.3.
The Borrowings. Subject to the terms and conditions set forth herein, each Term Lender with an Initial Term Commitment shall receive term loans issued hereunder (each such term loan, an “Initial Term Loan” and, collectively, the “Initial Term Loans”) as consideration for the sale and assignment of its Existing Term Loans through the purchase and assumption by the Borrower pursuant to and in accordance with the Exchange Agreement. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. Initial Term Loans may be Base Rate Loans, SOFR Rate Loans or, solely to the extent applicable following a Benchmark Replacement or otherwise pursuant to Section 3.03, RFR Loans, as further provided herein.
The Borrowings. (a) Lender agrees, on the terms and subject to the conditions set forth in this Agreement, during the period from the date of this Agreement to the Maturity Date, to make Advances to Borrower from time to time on any Business Day in an aggregate amount not to exceed the Unused Commitment. Lender will have no obligation to make any Advances on or 5
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