The Revolving Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Advances in Dollars to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an amount not to exceed such Lender’s Unused Commitment. Each Borrowing (other than a Swingline Advance) shall be in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. 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(a), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(a). Any Swingline Advance shall be made and repaid in accordance with the procedures set forth in Section 2.03A.
The Revolving Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make revolving advances (the "Revolving Advances") to the Borrowers from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount at any one time outstanding which, when added to such Lender's Commitment Percentage of the sum of (i) the aggregate principal amount of the Swingline Advances then outstanding and (ii) the L/C Obligations then outstanding, equals the amount of such Lender's Commitment; provided, that the aggregate principal amount of any Borrowing made at any time shall not exceed the Total Availability at such time. Each Borrowing under this Section 2.01 shall be in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof (provided, that the Swingline Lender may request, on behalf of the applicable Borrower, Borrowings that are Base Rate Advances in other amounts pursuant to Section 2.04(b)) and shall consist of Revolving Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits set forth in this Section 2.01, the Borrowers may borrow under this Section 2.01, prepay pursuant to Section 2.11 and reborrow under this Section 2.01.
The Revolving Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances to the Borrower (the “Revolving Advances”) from time to time on any Business Day during the period from the Effective Date until CERC Credit Agreement the Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name on Schedule III hereof or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.08 or increased pursuant to Section 2.21 (such Lender’s “Revolving Commitment”, and, in the aggregate, the “Revolving Facility”). Each Revolving Borrowing, in the case of a Revolving Borrowing consisting of Eurodollar Rate Advances, shall be in minimum principal aggregate amounts of $10,000,000 or an integral multiple of $1,000,000 in excess thereof, or in the case of a Revolving Borrowing consisting of Base Rate Advances, shall be in minimum principal aggregate amounts of $5,000,000 or an integral multiple of $1,000,000 in excess thereof, and shall consist of Revolving Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Commitments. Each Swingline Loan shall be in an amount equal to $500,000 or a whole multiple of $100,000 in excess thereof. Within the limits of each Lender’s Revolving Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.13 and reborrow under this Section 2.01.
The Revolving Advances. Subject to and upon the terms and conditions hereof, and in reliance upon the representations and warranties of the Borrowers set forth herein, each Lender severally agrees to make its Commitment Percentage of Revolving Advances to Cymer up to the amount of $2,000,000 from time to time until the close of business on the Revolving Maturity Date, in such sums as Cymer may request, PROVIDED that the aggregate principal amount of all Revolving Advances and the Dollar Equivalent of the Optional Currency Advances at any one time outstanding shall not exceed the Committed Revolving Line minus the Foreign Exchange Reserve. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth herein, amounts borrowed pursuant to this Section 2.1.1 may be repaid and reborrowed at any time during the term of this Agreement. The minimum amount of a Prime Based Rate Revolving Advance is $25,000. The minimum amount of a LIBOR Based Rate Revolving Advance is $500,000, and loan amounts greater than such sum are required to be in integral multiples of $50,000 in excess thereof. Cymer promises to pay to Servicing Agent for the account of each Lender, in lawful money of the United States of America, the aggregate unpaid principal amount of all Revolving Advances made by Servicing Agent and Lenders to Borrower. Borrower shall also pay interest on the aggregate unpaid principal amount of such Advances at the rates and in accordance with the terms hereof. The Committed Revolving Line shall terminate on the Revolving Maturity Date, at which time all Revolving Advances under this Section 2.1.1, all Optional Currency Advances, and other amounts due under this Agreement (except as otherwise expressly specified herein) shall be immediately due and payable.
The Revolving Advances. Each Lender severally agrees, ---------------------- on the terms and conditions hereinafter set forth, to make Revolving Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Commitment Termination Date in an aggregate amount (determined in Dollars) not to exceed at any time outstanding the Dollar amount set forth opposite such Lender's name on the signature pages hereof or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(g), as such amount may be reduced pursuant to Section 2.04 (such Lender's "Commitment"), provided that the aggregate amount of the Commitments of the ----------- -------- Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each ------------------------- Revolving Borrowing shall be in an aggregate amount of $5,000,000 (or the equivalent thereof in any Alternative Currency) or an integral multiple of $1,000,000 (or the equivalent thereof in any Alternative Currency) in excess thereof (or, if less, an aggregate amount equal to the amount by which the aggregate amount of a proposed Competitive Bid Borrowing requested by the Borrower exceeds the aggregate amount of Competitive Bid Advances offered to be made by the Lenders and accepted by the Borrower in respect of such Competitive Bid Borrowing, if such Competitive Bid Borrowing is made on the same date as such Revolving Borrowing) and shall consist of Revolving Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Notwithstanding anything herein to the contrary, no Revolving Borrowing may be made in an Alternative Currency if, after giving effect to the making of such Revolving Borrowing, the aggregate amount of outstanding Revolving Advances denominated in one or more Alternative Currencies would exceed the Dollar equivalent of $20,000,000. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09(b) and reborrow under this Section 2.01. For purposes of this S...
The Revolving Advances. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Advances to the Borrower from time-to-time on any Business Day before the Maturity Date in an aggregate amount up to but not to exceed at any time outstanding (i) the lesser of (A) its Revolving Commitment and (B) its Pro Rata Share of the Borrowing Base minus (ii) such Lender’s Pro Rata Share of the Letter of Credit Exposure; provided however that the aggregate outstanding principal amount of the sum of (x) all Revolving Advances plus (y) the Letter of Credit Exposure shall not at any time exceed the lesser of (1) aggregate amount of the Revolving Commitments and (2) the Borrowing Base. Each Borrowing shall be in an aggregate amount not less than $1,000,000.00 and in integral multiples of $500,000.00 in excess thereof and shall consist of Revolving Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Commitments. Within the limits of each Lender’s Revolving Commitment, the Borrower may from time-to-time borrow, prepay pursuant to Section 2.07(b) and reborrow under this Section 2.01(a).
The Revolving Advances. Each Lender severally agrees, on the terms and conditions set forth herein, to make one or more advances (each such advance, a “Revolving Advance”) to the Borrower from time to time during the Revolving Facility Period pursuant to this Section 2.01(b); provided that immediately after each Revolving Advance, the sum of the aggregate outstanding principal amount of all Revolving Advances for such Lender and all Letter of Credit Obligations for such Lender does not exceed at any time such Lender’s Revolving Facility Commitment. Each Revolving Facility Borrowing shall be in an aggregate amount not less than $1,000,000 or an integral multiple of $100,000 in excess thereof and shall consist of Revolving Advances of the same Type made or Converted on the same day by the Lenders ratably according to their respective Revolving Facility Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01(b), and repay or, to the extent permitted by Section 2.08, prepay Revolving Advances and reborrow under this Section 2.01(b) at any time until the end of the Revolving Facility Period.
The Revolving Advances. Subject to and upon the terms and conditions hereof, and in reliance upon the representations and warranties of Borrower set forth herein, each Lender severally agrees to make its Commitment Percentage of Revolving Advances to Borrower up to the amount of the Committed Revolving Line from time to time until the close of business on the Business Day immediately preceding the Revolving Maturity Date, in such sums as Borrower may request, provided that the aggregate principal amount of all Revolving Advances at any one time outstanding shall not exceed the lesser of (i) the Committed Revolving Line and (ii) the Borrowing Base less any Availability Reserves. For purposes of this Agreement, "Borrowing Base" shall mean an amount equal to EIGHTY PERCENT (80%) of Eligible Accounts, plus up to SIXTY PERCENT (60%) (the "EMC Percentage Advance Rate") of the "Eligible EMC Payments" (as defined below). The EMC Percentage Advance Rate shall be subject to revision by Lenders based on their quarterly review of EMC, including its credit rating.
The Revolving Advances. (a) Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Advances to the Borrower from time to time on any Business Day during the period from the Closing Date until the Revolver Termination Date, in an amount for each such Advance not to exceed such Bank's Unused Commitment on such Business Day less such Bank's Commitment Percentage on such Business Day of the sum of the Swing Line Advances then outstanding and the then existing Letter of Credit Liability; provided, however, that such Bank shall not be obligated to make such Revolving Advance if, after giving effect to such Revolving Advance and the other Revolving Advances to be made by the other Banks as part of the same Borrowing, the then outstanding aggregate principal amount of all Revolving Advances and Swing Line Advances plus the then existing Letter of Credit Liability shall exceed the aggregate Commitments of the Banks. Each Revolving Borrowing shall be in an aggregate amount of $2,000,000 or an integral multiple of $1,000,000 in excess thereof, and shall consist of Advances made on the same day by the Banks ratably according to their respective Commitments. Within the limits of each Bank's Unused Commitment in effect from time to time, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.08(a) and reborrow under this Section 2.01(a).
The Revolving Advances. Bank agrees to make, on the terms and conditions hereinafter set forth, advances (“Revolving Advances”) to the Borrower from time to time on any Business Day during the period from the date hereof until the Final Revolving Availability Date provided, that on the date of any Revolving Advance, and after giving effect to such Revolving Advance, the sum of the amount of such Revolving Advance and the unpaid principal amount of the Advances previously made hereunder or under the Original Loan Agreement shall not exceed the Maximum Amount. The agreement of Bank referred to in the immediately preceding sentence is referred to herein as the “Revolving Credit Commitment.” Each Revolving Advance shall be in an amount not less than the Minimum Amount. Subject to the limitations contained in this Agreement, the outstanding balance of the Revolving Advances may fluctuate from time to time, to be reduced by repayments made by Borrower and increased by future Revolving Advances made pursuant to Section 2.3. The aggregate outstanding principal balance of all Advances shall be due and payable in full on the Maturity Date. For the purposes of this Agreement, the Revolving Advances shall be deemed to include the loan in the principal amount of $2,040,000 advanced by Bank to Borrower on June 11, 2015 and the loan in the principal amount of $4,750,000 made by Bank to Borrower on June 23, 2015.
