THE COMMITMENTS AND CREDIT EXTENSIONS The Loans Sample Clauses

THE COMMITMENTS AND CREDIT EXTENSIONS The Loans. On the Second Restatement Effective Date, in accordance with, and uponSection 2.01 the terms and conditions set forth herein, the entire amount of the existing Revolving Credit Commitments of each Revolving Credit Lender outstanding on such date shall continue hereunder and be reclassified as Revolving Credit Commitments on such date in an amount as set forth on Schedule 2.01A and 2.01B, each as in effect on the Second Restatement Effective Date, under the caption “Revolving Credit Commitments”. Subject to the terms and conditions set forth herein,(a) Each U.S. Revolving Credit Lender severally agrees to make loans denominated in(i) Dollars or an Alternative Currency to the U.S. Borrower as elected by the U.S. Borrower pursuant to Section 2.02 (each such loan, a “U.S. Revolving Credit Loan”) from time to time, during the Availability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such Xxxxxx’s U.S. Revolving Credit Commitment; provided that after giving effect to any U.S. Revolving Credit Borrowing, the Availability Conditions would be satisfied; each Canadian Revolving Credit Lender severally agrees to make loans denominated in(ii) Dollars, Canadian Dollars or an Alternative Currency to the U.S. Borrower or in Canadian Dollars to the Canadian Borrower as elected by the U.S. Borrower pursuant to Section 2.02 (each such loan, a “Canadian Revolving Credit Loan”) from time to time, during the Availability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of - 94- CG&R Draft Current date: 03/02/2023 10:05 AM 63515514v23CG&R Draft Current date: 03/01/2023 4:17 PM 70014411v6
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THE COMMITMENTS AND CREDIT EXTENSIONS The Loans. Section 2.01 [Reserved].(a) The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein,(b) each Revolving Credit Lender severally agrees to make Revolving Credit Loans denominated in Dollars pursuant to Section 2.02 from its applicable Lending Office (each such loan, a “Revolving Credit Loan”) to the Borrower from time to time, on any Business Day during the period from the Closing Date until the Maturity Date, in an aggregate principal amount not to exceed at any time outstanding the amount of such Xxxxxx’s Revolving Credit Commitment; provided that after giving effect to any Revolving Credit Borrowing, (x) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s Pro Rata Share or other applicable share provided for under this Agreement of the Outstanding Amount of all L/C Obligations, plus such Xxxxxx’s Pro Rata Share or other applicable share provided for under this Agreement of the Outstanding Amount of all Swing Line Loans and Protective Advances, shall not exceed the lesser of (i) such Xxxxxx’s Revolving Credit Commitment at such time and (ii) such Xxxxxx’s Pro Rata Share of the Borrowing Base at such time and (y) the aggregate outstanding amount of Total Outstandings shall not exceed the Line Cap at such time. Within the limits of each 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 Eurocurrency RateSOFR Loans, as further provided herein. Borrowings, Conversions and Continuations of Loans.Section 2.02 Each Revolving Credit Borrowing, each conversion of Revolving Credit Loans from one(a) Type to the other, and each continuation of Eurocurrency RateSOFR Loans shall be made upon the Borrower’s irrevocable notice, to the Administrative Agent (provided that the notices in respect of the initial Credit Extensions may be conditioned on the closing of the Acquisition), which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (New York, New York time) (1) three (3) U.S. Government Securities Business Days prior to the requested date of any Borrowing or continuation of Eurocurrency RateSOFR Loans or any conversion of Base Rate Loans to Eurocurrency RateSOFR Loans, and (2) on the requested date of any Borrowing of Base Rat...
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Related to THE COMMITMENTS AND CREDIT EXTENSIONS The Loans

  • The Commitments and Credit Extensions 2.01 The Loans.

  • Commitments and Credit Extensions 2.01 Revolving and Term Loans

  • All Credit Extensions The obligation of each Lender and each Issuer to make any Credit Extension shall be subject to the satisfaction of each of the conditions precedent set forth below.

  • Credit Extensions Borrower promises to pay to the order of Bank, in lawful money of the United States of America, the aggregate unpaid principal amount of all Credit Extensions made by Bank to Borrower hereunder. Borrower shall also pay interest on the unpaid principal amount of such Credit Extensions at rates in accordance with the terms hereof.

  • New Swingline Loans/Letters of Credit So long as any Lender is a Defaulting Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan and (ii) no Issuing Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • 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.

  • Disbursement of Revolving Credit and Swingline Loans Not later than 2:00 p.m. on the proposed borrowing date, (i) each Revolving Credit Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date and (ii) the Swingline Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, the Swingline Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in the most recent notice substantially in the form attached as Exhibit C (a “Notice of Account Designation”) delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Revolving Credit Loan requested pursuant to this Section to the extent that any Revolving Credit Lender has not made available to the Administrative Agent its Revolving Credit Commitment Percentage of such Loan. Revolving Credit Loans to be made for the purpose of refunding Swingline Loans shall be made by the Revolving Credit Lenders as provided in Section 2.2(b).

  • New Swing Line Loans/Letters of Credit Notwithstanding anything in this Agreement to the contrary, so long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) no L/C Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • Incremental Credit Extensions (a) The Borrower may, at any time after the Closing Date, on one or more occasions pursuant to an Incremental Facility Agreement, (i) add one or more new tranches of term facilities (each new tranche, a “New Incremental Term Facility”) and/or increase the principal amount of the Term Loans of any existing Class by requesting new commitments to provide such Term Loans (each increase, an “Incremental Increase Facility”; together with any New Incremental Term Facility, “Incremental Term Facilities” and any loans made pursuant to an Incremental Term Facilities, “Incremental Term Loans”) and/or (ii) add one or more new tranches of Incremental Revolving Commitments (each new tranche, a “New Incremental Revolving Facility”) and/or increase the aggregate amount of the Revolving Credit Commitments of any existing Class (each increase, a “Revolving Commitment Increase”; together with any New Incremental Revolving Facility, “Incremental Revolving Facilities” and, together with any Incremental Term Facility, “Incremental Facilities”; and the loans thereunder, “Incremental Revolving Loans” and any Incremental Revolving Loans, together with any Incremental Term Loans, “Incremental Loans”) in an aggregate outstanding principal amount not to exceed the Incremental Cap; provided that:

  • The Commitments and Borrowings Section 2.01 Revolving Credit Borrowing; Protective Advances 76 Section 2.02 Borrowings, Conversions and Continuations of Loans 78 Section 2.03 Letters of Credit 80 Section 2.04 Swing Line Loans 90 Section 2.05 Prepayments 92 Section 2.06 Termination or Reduction of Commitments 94 Section 2.07 Repayment of Loans 95 Section 2.08 Interest 95 Section 2.09 Fees 96 Section 2.10 Computation of Interest and Fees 96 Section 2.11 Evidence of Indebtedness 97 Section 2.12 Payments Generally 97 Section 2.13 Sharing of Payments 99 Section 2.14 Incremental Credit Extensions 100 Section 2.15 Extensions of Revolving Credit Loans and Revolving Credit Commitments 102 Section 2.16 Defaulting Lenders 106 Section 2.17 Borrower Agent 108 Page ARTICLE III TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY Section 3.01 Taxes 109 Section 3.02 Illegality 113 Section 3.03 Inability to Determine Rates 113

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