Common use of The Commitments Clause in Contracts

The Commitments. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers from time to time on any Business Day during the period from the Closing Date until the Termination Date, in an aggregate amount not to exceed on any day such Lender's Available Commitment. Within the limits of such Lender's Available Commitment and such Borrower's Borrower Sublimit, each Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

Appears in 5 contracts

Samples: Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System)

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The Commitments. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date, in an aggregate amount not to exceed on any day such Lender's Available Commitment. Within the limits of such Lender's Available Commitment and such Borrower's Borrower SublimitCommitment, each the Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

Appears in 3 contracts

Samples: Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System)

The Commitments. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers from time to time on any Business Day during the period from the Closing Date until the Termination Date, in an aggregate amount not to exceed on any day such Lender's ’s Available Commitment. Within the limits of such Lender's ’s Available Commitment and such Borrower's Borrower ’s Sublimit, each Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (Western Massachusetts Electric Co), Credit Agreement (Public Service Co of New Hampshire)

The Commitments. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date, in an aggregate amount not to exceed on any day such Lender's ’s Available Commitment. Within the limits of such Lender's ’s Available Commitment and such Borrower's Borrower SublimitCommitment, each the Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

Appears in 3 contracts

Samples: Credit Agreement (Public Service Co of New Hampshire), Credit Agreement (Public Service Co of New Hampshire), Credit Agreement (Western Massachusetts Electric Co)

The Commitments. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date, in an aggregate amount not to exceed on any day such Lender's Available Commitment. Within the limits of such Lender's Available Commitment and such Borrower's Borrower the Borrowing Sublimit, each the Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

Appears in 2 contracts

Samples: Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System)

The Commitments. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the several Borrowers from time to time on any Business Day during the period from the Closing Date until the Termination Date, in an aggregate outstanding amount not to exceed on any day such Lender's Available Commitment. Within the limits of such Lender's Available Commitment and such Borrower's Borrower SublimitCommitment, each Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities)

The Commitments. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers from time to time on any Business Day during the period from the Closing Date until the Termination Date, in an aggregate amount not to exceed on any day such Lender's Available Commitment. Within the limits of such Lender's Available Commitment and such Borrower's Borrower Sublimit, each Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Northeast Utilities System)

The Commitments. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers Borrower from time to time on any Business Day during the period from the Closing Date until the Revolving Commitment Termination Date, in an aggregate amount not to exceed on any day such Lender's ’s Available Commitment. Within the limits of such Lender's ’s Available Commitment and such Borrower's Borrower SublimitCommitment, each the Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Northeast Utilities)

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The Commitments. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date, in an aggregate amount not to exceed on any day such Lender's Available Commitment. Within the limits thelimits of such Lender's Available Commitment and such Borrower's Borrower SublimitCommitment, each the Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Northeast Utilities System)

The Commitments. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date, in an aggregate outstanding amount not to exceed on any day such Lender's Available Commitment. Within the limits of such Lender's Available Commitment and such Borrower's Borrower SublimitCommitment, each the Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Northeast Utilities System)

The Commitments. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date, Date in an aggregate outstanding amount not to exceed on any day such Lender's Available CommitmentCommitment (after giving effect to all Advances to be made on such day and the application of the proceeds thereof). Within the limits of such each Lender's Available Commitment and such Borrower's Borrower SublimitCommitment, each the Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

Appears in 1 contract

Samples: Collateral Agency Agreement (North Atlantic Energy Corp /Nh)

The Commitments. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date, Date in an aggregate outstanding amount not to exceed on any day such Lender's Available CommitmentCommitment (after giving effect to all Advances to be made on such day and the application of the proceeds thereof). Within the limits of such each Lender's Available Commitment and such Borrower's Borrower SublimitCommitment, each the Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof, including, without limitation, the conditions set forth in Section 5.2.

Appears in 1 contract

Samples: Revolving Credit Agreement (North Atlantic Energy Corp /Nh)

The Commitments. (a) Each a)Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the several Borrowers from time to time on any Business Day during the period from the Closing Date until the Termination Date, in an aggregate outstanding amount not to exceed on any day such Lender's Available Commitment. Within the limits of such Lender's Available Commitment and such Borrower's Borrower SublimitCommitment, each Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Northeast Utilities)

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