Common use of The Commitments and Borrowings Clause in Contracts

The Commitments and Borrowings. 2.01 REVOLVER FACILITY. (a) Each Revolver Lender severally, but not jointly, agrees to lend to Borrower such Revolver Lender's Pro Rata Share of one or more Borrowings under (i) the Acquisition Subfacility (further described in SECTION 2.01(b) below) not to exceed such Lender's Committed Sum under the Acquisition Subfacility, and (ii) the Working Capital/Distribution Subfacility (further described in SECTION 2.01(c) below) not to exceed such Lender's Committed Sum under the Working Capital/Distribution Subfacility. Such Borrowings may be repaid and reborrowed from time to time in accordance with the terms and provisions of the Loan Documents; provided that, each such Borrowing must occur on a Business Day and no later than the Business Day immediately preceding the Revolver Maturity Date. (b) Loans under the Acquisition Subfacility shall be available to Borrower for the purposes set forth in SECTION 6.12(b). After giving effect to any Borrowing under the Acquisition Subfacility, the Acquisition Subfacility Principal Debt shall not exceed the Acquisition Subfacility Commitment then in effect. (c) Loans under the Working Capital/Distribution Subfacility shall be available to Borrower for the purposes set forth in SECTION 6.12(c); provided, however, Borrowings under the Working Capital/Distribution Subfacility will be available to fund Quarterly Distributions only if, at the time of such Borrowing and after giving effect thereto, there is at least $9,000,000.00 of the Working Capital/Distribution Subfacility Commitment undrawn and available for working capital purposes. After giving effect to any Borrowing under the Working Capital/Distribution Subfacility, the Working Capital/Distribution Subfacility Principal Debt shall not exceed the Working Capital/Distribution Subfacility Commitment then in effect.

The Commitments and Borrowings. Section 2.01 REVOLVER FACILITYRevolving Loans. (a) Each Revolver Tranche 1 Revolving Loan Commitment. During the Revolving Commitment Period applicable to the Tranche 1 Revolving Commitments, subject to the terms and conditions hereof, each Tranche 1 Revolving Lender severally, severally agrees to make revolving loans to the Borrower or any Co-Borrower from time to time on any Business Day in Dollars and/or any Alternative Currency (“Tranche 1 Revolving Loans”) in an aggregate amount (expressed in the Dollar Amount thereof in the case of an Alternative Currency) up to but not jointlyexceeding such Tranche 1 Revolving Lender’s Tranche 1 Revolving Commitment; provided, agrees that after giving effect to lend to Borrower such Revolver Lender's Pro Rata Share the making of one or more Borrowings under any Tranche 1 Revolving Loans in no event shall (i) the Acquisition Subfacility (further described in SECTION 2.01(b) below) not to Total Utilization of Tranche 1 Revolving Commitments exceed such Lender's Committed Sum under the Acquisition Subfacility, First Out Line Cap and (ii) the Working Capital/Distribution Subfacility Total Utilization of Revolving Commitments exceed the Total Line Cap; provided further that no Tranche 1 Revolving Loans may be made unless the amount of outstanding FILO Loans is equal to or greater than the FILO Loan Cap. Within the foregoing limits and subject to the terms and conditions set forth herein (further described including the Administrative Agent’s authority, in SECTION 2.01(cits sole discretion, to make Protective Advances pursuant to the terms of Section 2.02), amounts borrowed pursuant to this Section 2.01(a)(i) below) not to exceed such Lender's Committed Sum under the Working Capital/Distribution Subfacility. Such Borrowings may be repaid and reborrowed from time during the Revolving Commitment Period. Each Tranche 1 Revolving Lender’s Tranche 1 Revolving Commitment shall expire on the Revolving Commitment Termination Date, and all Tranche 1 Revolving Loans and all other amounts owed hereunder with respect to time the Tranche 1 Revolving Loans and the Tranche 1 Revolving Commitments shall be paid in accordance with the terms and provisions of the Loan Documents; provided that, each such Borrowing must occur on a Business Day and full no later than the Business Day immediately preceding the Revolver Maturity Date. (b) such date. Tranche 1 Revolving Loans under the Acquisition Subfacility shall be available to Borrower for the purposes set forth in SECTION 6.12(b). After giving effect to any Borrowing under the Acquisition Subfacility, the Acquisition Subfacility Principal Debt shall not exceed the Acquisition Subfacility Commitment then in effectas either Term Benchmark Loans or Base Rate Loans. (c) Loans under the Working Capital/Distribution Subfacility shall be available to Borrower for the purposes set forth in SECTION 6.12(c); provided, however, Borrowings under the Working Capital/Distribution Subfacility will be available to fund Quarterly Distributions only if, at the time of such Borrowing and after giving effect thereto, there is at least $9,000,000.00 of the Working Capital/Distribution Subfacility Commitment undrawn and available for working capital purposes. After giving effect to any Borrowing under the Working Capital/Distribution Subfacility, the Working Capital/Distribution Subfacility Principal Debt shall not exceed the Working Capital/Distribution Subfacility Commitment then in effect.