The Loans and the Letters of Credit Sample Clauses

The Loans and the Letters of Credit. 33 Section 2.1 Extension of Credit........................................33 Section 2.2 Manner of Borrowing and Disbursement of Loans..............35 Section 2.3 Interest...................................................39 Section 2.4 Fees.......................................................41 Section 2.5 Prepayment/Reduction of Commitment.........................42 Section 2.6 Repayment..................................................43 Section 2.7
AutoNDA by SimpleDocs
The Loans and the Letters of Credit. Section 2.1 Extension of Credit 50 Section 2.2 Manner of Borrowing and Disbursement of Loans 52 Section 2.3 Interest 57 Section 2.4 Fees 59 Section 2.5 Prepayments/Reduction of Commitments 60 Section 2.6 Repayment 63 Section 2.7 Notes; Loan Accounts 63 Section 2.8 Manner of Payment 64 Section 2.9 Reimbursement 67 Section 2.10 Pro Rata Treatment 67 Section 2.11 Application of Payments 68 Section 2.12 Use of Proceeds 69 Section 2.13 All Obligations to Constitute One Obligation 70 Section 2.14 Maximum Rate of Interest 70 Section 2.15 Letters of Credit 70 Section 2.16 Bank Products 75 Section 2.17 Additional Increase of Commitments; Additional Lenders 75 Section 2.18 Defaulting Lenders 79 ARTICLE 3.
The Loans and the Letters of Credit. ARTICLE 2Section .1
The Loans and the Letters of Credit. 2.1 The Revolving Commitment and the Revolving Loans.
The Loans and the Letters of Credit. Section 2.1 Extension of Credit 5459 Section 2.2 Manner of Borrowing and Disbursement of Loans 5762 Section 2.3 Interest 6368 Section 2.4 Fees 6469 Section 2.5 Prepayments/Reduction of Commitments 6671 Section 2.6 Repayment 6974 Section 2.7 Notes; Loan Accounts 6974 Section 2.8 Manner of Payment 7075 Section 2.9 Reimbursement 7378 Section 2.10 Pro Rata Treatment 7379 Section 2.11 Application of Payments 7480 Section 2.12 Use of Proceeds 7581 Section 2.13 All Obligations to Constitute One Obligation 7681 Section 2.14 Maximum Rate of Interest 7681 Section 2.15 Letters of Credit 7682 Section 2.16 Bank Products 8187 Section 2.17 Additional Increase of Commitments; Additional Lenders 8287 Section 2.18 Defaulting Lenders 8591
The Loans and the Letters of Credit. Section 2.1 Credit 18 Section 2.2 Manner of Borrowing and Disbursement of Loans 19 Section 2.3 Interest 20 Section 2.4 Fees 22 Section 2.5 Prepayment of Advances 23 Section 2.6 Repayment 23 Section 2.7 Permanent Reduction of Commitment 23 Section 2.8 Revolving Loan Notes; Loan Accounts 24 Section 2.9 Manner of Payment 24 Section 2.10 Reimbursement 25 Section 2.11 Pro Rata Treatment 26 Section 2.12 Application of Payments 27 Section 2.13 Maximum Rate of Interest 27 Section 2.14 Letters of Credit 28 ARTICLE III [INTENTIONALLY OMITTED]
The Loans and the Letters of Credit. Section 2.1 Section 2.2 Section 2.3 Section 2.4 Section 2.5 Section 2.6 Section 2.7 Section 2.8 Section 2.9 Section 2.10 Section 2.11 Section 2.12 Section 2.13 Section 2.14 Extension of Credit Manner of Borrowing and Disbursement of Loans. Interest. Fees. Prepayment/Reduction of Commitment. Repayment. Revolving Loan Notes; Loan Accounts.
AutoNDA by SimpleDocs
The Loans and the Letters of Credit 

Related to The Loans and the Letters of Credit

  • Loans and Letters of Credit On the Closing Date:

  • The Letters of Credit Prior to the Closing Date, the Existing Issuing Banks have issued the Existing Letters of Credit which from and after the Closing Date shall constitute Letters of Credit hereunder. Each Issuing Bank (other than the Existing Issuing Banks) severally agrees, on the terms and conditions hereinafter set forth, to issue letters of credit (the “Letters of Credit”) in U.S. Dollars for the account of the Borrower in support of obligations (including, without limitation, performance, bid and similar bonding obligations and credit enhancement) of the Borrower and its Affiliates, from time to time on any Business Day during the period from the Effective Date until the Business Day before the Termination Date in an aggregate Available Amount (i) for all Letters of Credit issued by such Issuing Bank not to exceed at any time the lesser of (x) the Letter of Credit Facility at such time and (y) such Issuing Bank’s Letter of Credit Commitment at such time and (ii) for each such Letter of Credit not to exceed the Unused Revolving Credit Commitments of the Lenders at such time; provided, however, that in no event shall the aggregate Available Amount for all Letters of Credit exceed $200,000,000; provided, further, that neither Bank of America, National Association, nor SunTrust Bank shall be required, without the consent of such Issuing Bank, to issue Letters of Credit in excess of $100,000,000 outstanding for each such Issuing Bank. No Letter of Credit shall have an expiration date (including all rights of the Borrower or the beneficiary to require renewal) later than the Business Day before the Termination Date. Within the limits of the Letter of Credit Facility, and subject to the limits referred to above, the Borrower may request the issuance of Letters of Credit under this Section 2.01(b), repay any Letter of Credit Advances resulting from drawings thereunder pursuant to Section 2.04(c) and request the issuance of additional Letters of Credit under this Section 2.01(b); provided, however, that neither Bank of America, National Association, nor SunTrust Bank shall be required to issue Letters of Credit in excess of $100,000,000 outstanding for each such Issuing Bank.

  • New Letters of Credit So long as any Lender is a Defaulting Lender, no Issuing Bank 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.

  • Use of Loans and Letters of Credit The proceeds of the Loans and the Letters of Credit shall be used to provide working capital for exploration and production operations, to provide funding for general corporate purposes, including the issuance of letters of credit. The Borrower and its Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

  • 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.

  • Existing Letters of Credit The parties hereto agree that the Existing Letters of Credit shall be deemed Letters of Credit for all purposes under this Agreement, without any further action by the Borrower.

  • Requesting Letters of Credit Each Letter of Credit shall be issued, increased, or extended pursuant to a Letter of Credit Application or Letter of Credit Application Amendment, as applicable, given by the Borrower to the Issuing Bank in writing or by telecopy promptly confirmed in writing, such Letter of Credit Application or Letter of Credit Application Amendment being given not later than 1:00 p.m. (local time at the Applicable Lending Office of the Agent) on the third Business Day before the date of the proposed issuance, increase, or extension of the Letter of Credit. Each Letter of Credit Application or Letter of Credit Application Amendment shall be fully completed and shall specify the information required therein (including the proposed form of the Letter of Credit or change thereto), and shall be irrevocable and binding on the Borrower. Upon receipt by the Issuing Bank of the Letter of Credit Application or Letter of Credit Application Amendment, the Issuing Bank shall give prompt notice thereof to the Agent, and the Agent shall promptly inform the Banks of the proposed Letter of Credit or change thereto. Subject to the satisfaction of all applicable conditions precedent, the Issuing Bank shall, by 4:00 p.m. (local time at the Applicable Lending Office of the Agent), on the date requested by the Borrower for the issuance, increase, or extension of such Letter of Credit issue, increase, or extend such Letter of Credit to the specified beneficiary. Upon the date of the issuance, increase, or extension of a Letter of Credit, the Issuing Bank shall be deemed to have sold to each other Bank and each other Bank shall be deemed to have purchased from the Issuing Bank a ratable participation in the related Letter of Credit or change thereto. The Issuing Bank shall notify the Agent of each Letter of Credit issued, increased, or extended and the date and amount of each Bank's participation in such Letter of Credit, and the Agent shall in turn notify the Banks.

  • CONDITIONS TO LOANS AND LETTERS OF CREDIT The obligations of Lenders to make Loans and the issuance of Letters of Credit hereunder are subject to the satisfaction of the following conditions.

  • Conditions to All Loans and Letters of Credit The obligations of the Lenders to make any Loan or issue any Letter of Credit is subject to the satisfaction of the following conditions precedent on the relevant borrowing or issue date, as applicable:

  • Letters of Credit (a) The Letter of Credit Commitment.

Time is Money Join Law Insider Premium to draft better contracts faster.