The Commitments and Credit Extensions. 2.01. The Revolving Credit Facility. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (“Loans”) 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 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 Revolving Credit Facility, 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 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 2.01, 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. All Existing Loans shall be deemed to have been made pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
Appears in 2 contracts
Sources: Credit Agreement (Alexion Pharmaceuticals Inc), Credit Agreement (Alexion Pharmaceuticals Inc)
The Commitments and Credit Extensions. 2.01. The Revolving Credit FacilityLoans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “LoansCommitted Loan”) in Dollars or in one or more 45 Alternative Currencies to the Borrower from time to time, 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 Commitment; provided, howeverthat, that after giving effect to any Committed Borrowing, (ia) the Total Outstandings shall not exceed the Aggregate Revolving Credit FacilityCommitments, and (iib) the aggregate Outstanding Amount of the Loans Revolving Credit Exposure of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations Lender 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 Committed Loans under this Section 2.01, prepay under Committed Loans pursuant to Section 2.052.05(a), and reborrow Committed Loans under this Section 2.01. Committed Loans may be Base Rate Loans, Term SOFR Loans, Alternative Currency Daily Rate Loans or Eurodollar Alternative Currency Term Rate Loans, as further provided herein. All Existing Loans shall be deemed to have been made pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
Appears in 1 contract
Sources: Credit Agreement (Space Exploration Technologies Corp)
The Commitments and Credit Extensions. 2.01. The 2.01 Revolving Credit FacilityLoans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “LoansRevolving Loan”) to the Borrower Borrowers from time to time, on any Business Day during the Availability Period Period, in an aggregate amount not to exceed at any time outstanding the lesser of (x) the amount of such Lender’s Commitment, or (y) such Lender’s Applicable Percentage of the Borrowing Base; provided, however, that provided that:
(a) after giving effect to any Revolving Borrowing, (ix) the Total Outstandings shall not exceed the Revolving Credit FacilityLoan Cap, and (iiy) the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment; and
(b) the Outstanding Amount of all L/C Obligations shall not at any time exceed the Letter of Credit Sublimit. Within the limits of each Lender’s CommitmentCommitments, and subject to the other terms and conditions hereof, the Borrower 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. All Existing Loans shall be deemed to have been made pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
Appears in 1 contract
The Commitments and Credit Extensions. 2.01. Section 2.01 The Revolving Credit Facility. Loans(a).
(a) Subject to the terms and conditions set forth herein, each Lender severally agrees to make (or cause its Applicable Lending Office to make) loans (each such loan, a “LoansRevolving Credit Loan”) to the Borrower from time to time, on any Business Day during after the Availability Period Effective Date until the Maturity Date, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided, howeverthat, that after giving effect to any such Borrowing, (ix) the Total Outstandings Outstanding Amount under the Revolving Credit Facility shall not exceed the Maximum Availability and (y) the Revolving Credit Facility, and (ii) the aggregate Outstanding Amount of the Loans Exposure of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations Lender shall not exceed such Lender’s CommitmentRevolving Credit Commitment in effect 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, prepay under Section 2.052.05(a), and reborrow under this Section 2.01.
(b) Revolving Credit Loans in an aggregate principal amount of $48,312,500 (the “Existing Loans”) were previously advanced by the Original Lenders to the Borrower under the Original Credit Agreement and assigned by the Original Lender to the Initial Lenders or advanced by the Initial Lenders to the Borrower under the Original Credit Agreement. Loans may be Base Rate Loans or Eurodollar Rate As of the Effective Date, the Existing Loans, as further provided herein. All Existing which remain outstanding, shall constitute Loans under this Agreement, shall be deemed to have been made pursuant hereto, evidenced by the Notes and from and after the Closing Date shall be subject to and governed by repayable in accordance with the terms and conditions hereofof this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Geokinetics Inc)
The Commitments and Credit Extensions. 2.01. The Revolving Credit FacilityLoans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “LoansCommitted Loan”) in Dollars or in one or more Alternative Currencies to the Borrower from time to time, 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 Commitment; provided, howeverthat, that after giving effect to any Committed Borrowing, (ia) the Total Outstandings shall not exceed the Aggregate Revolving Credit FacilityCommitments, and (iib) the aggregate Outstanding Amount of the Loans Revolving Credit Exposure of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations Lender 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 Committed Loans under this Section 2.01, prepay under Committed Loans pursuant to Section 2.052.05(a), and reborrow Committed Loans under this Section 2.01. Committed Loans may be Base Rate Loans, Term SOFR Loans, Alternative Currency Daily Rate Loans or Eurodollar Alternative Currency Term Rate Loans, as further provided herein. All Existing Loans shall be deemed to have been made pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
Appears in 1 contract
Sources: Credit Agreement (Space Exploration Technologies Corp)
The Commitments and Credit Extensions. 2.01. The Revolving Credit Facility.
2.01 Committed Loans; Reserves.
(a) Subject to the terms and conditions set forth herein, each Lender ▇▇▇▇▇▇ severally agrees to make loans (each such loan, a “LoansCommitted Loan”) to the Borrower from time to time, on any Business Day during the Availability Period Period, subject in an aggregate amount not each case to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that following limitations:
(i) after giving effect to any Committed Borrowing, (i) the Total Outstandings shall not exceed the Revolving Credit Facilitylesser of (A) the Aggregate Commitments, and or (B) the Borrowing Base;
(ii) after giving effect to any Committed Borrowing, the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed the lesser of (x) such Lender’s Commitment, or (y) such Lender’s Applicable Percentage of the Borrowing Base; and
(iii) the Outstanding Amount of all L/C Obligations shall not at any time exceed the Letter of Credit Sublimit. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate LIBO RateTerm Benchmark Loans, as further provided herein. All Existing Any Extended Loans shall be deemed to have been made pursuant hereto, in accordance with Section 2.16 and from and after the Closing Date an Extension Amendment shall be subject to this Article II and governed by the terms and conditions hereof.shall constitute Committed Loans for all purposes hereunder.
Appears in 1 contract
The Commitments and Credit Extensions. 2.01. The Loans.
(a) U.S. Dollar Revolving Credit FacilityLoans. Subject to Each Lender with a U.S. Dollar Commitment severally agrees, on the terms and conditions set forth herein, each Lender severally agrees to make loans (each a “LoansU.S. Dollar Revolving Loan”) in Dollars to the Borrower Company from time to time, time on any Business Day during the Availability Period in an aggregate amount not to exceed such ▇▇▇▇▇▇’s U.S. Dollar Commitment at any time outstanding the amount of such Lender’s Commitmenttime; provided, however, that after giving effect to any BorrowingRevolving Borrowing under this Section 2.01(a), (i) the Total Outstandings Outstanding Amount of Revolving Loans, Bid Loans, Swing Line Loans and L/C Obligations shall not exceed the Revolving Credit FacilityAggregate Commitments, and (ii) the aggregate Outstanding Amount of Revolving Loans and L/C Obligations under the U.S. Dollar Tranche shall not exceed the Applicable Sublimit and (iii) the aggregate Outstanding Amount of the U.S. Dollar Revolving Loans of any Lender, plus such Lender’s Applicable U.S. Dollar Percentage of the Outstanding Amount of all U.S. Dollar L/C Obligations shall not exceed such Lender’s U.S. Dollar Commitment. Within the limits of each Lender’s U.S. Dollar Commitment, and subject to the other terms and conditions hereof, the Borrower Borrowers may borrow under this Section 2.012.01(a), prepay under Section 2.052.06, and reborrow under this Section 2.012.01(a). U.S. Dollar Revolving Loans may be Base Rate Loans, Daily Simple SOFR Loans or Eurodollar Rate Term SOFR Loans, as further provided herein. All Existing Loans shall be deemed to have been made pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
Appears in 1 contract
The Commitments and Credit Extensions. 2.01. 2.01 The Revolving Credit FacilityBorrowings. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “LoansRevolving Credit Loan”) to the Borrower from time to time, on any Business Day during the Availability Period Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s 's Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Outstandings shall not exceed the Revolving Credit Facility, and (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s 's Applicable Percentage of the Outstanding Amount of all L/C Obligations Obligations, plus such Lender's Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s 's Commitment. Within the limits of each Lender’s 's Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.052.04, and reborrow under this Section 2.01. Revolving Credit Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. All Existing Loans shall be deemed to have been made pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
Appears in 1 contract
The Commitments and Credit Extensions. 2.01. The Revolving Credit Facility2.01 Loans . Subject to the terms and conditions and relying upon the representations and warranties set forth herein, each Lender Lender, severally and not jointly, agrees to make loans (each such loan, a “LoansLoan”) to the Borrower from time to time, on any Business Day during the Availability Period Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Borrowing, (i) the Total Outstandings Outstanding Amount shall not exceed the Revolving Credit FacilityAggregate 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 Lender shall not exceed such Lender’s Commitment, and (iii) the Outstanding Amount shall not exceed the Borrowing Base. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.052.03, and reborrow under this Section 2.01. Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. All Existing Loans shall be deemed to have been made pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
Appears in 1 contract
The Commitments and Credit Extensions. 2.01. The Revolving Credit Facility. Loans.
1.07 Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “LoansLoan”) to the Borrower from time to time, on any Business Day during the Availability Period Period, in an aggregate amount not to exceed at any time outstanding the lesser of (x) the amount of such Lender’s CommitmentCommitment and (y) such Lender’s Pro Rata share of the Borrowing Base; provided, however, that after giving effect to any Borrowing, (i) the Total Outstandings shall not exceed the Revolving Credit Facilitylesser of (x) the Aggregate Commitments and (y) the Borrowing Base, and (ii) the aggregate Outstanding Amount of the Loans of any Lender, Lender plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed the lesser of (x) such Lender’s CommitmentCommitment and (y) such Lender’s Pro Rata share of the Borrowing Base. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, 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. All Existing Loans shall be deemed to have been made pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
Appears in 1 contract
The Commitments and Credit Extensions. 2.01. The Revolving Credit Facility. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (“Loans”) 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 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 lesser of (x) the Borrowing Base and (y) Revolving Credit Facility, 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 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 2.01, 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. All Existing Loans shall be deemed to have been made pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
Appears in 1 contract
The Commitments and Credit Extensions. 2.01. The Revolving Credit FacilityLoans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “LoansCommitted Loan”) in Dollars to the Borrower from time to time, on any Business Day during the Availability Period Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings shall not exceed the Revolving Credit FacilityAggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed the amount of such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject Subject to the other terms and conditions hereof, the Borrower may borrow Committed Loans under this Section 2.01, repay or prepay such Committed Loans under Section 2.05, reborrow such Committed Loans and reborrow borrow other Committed Loans under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Term SOFR Loans, as further provided herein. All Existing Loans shall be deemed to have been made pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.
Appears in 1 contract
Sources: Credit Agreement (Matson, Inc.)