The Revolving Commitments. On the terms and subject to the conditions hereof, each Bank severally agrees to make loans (each, a "Revolving Loan" and, collectively, the "Revolving Loans") to the Borrower on a revolving basis at any time and from time to time from the Closing Date to the Termination Date, during which period the Borrower may borrow, repay and reborrow in accordance with the provisions hereof, provided, that the unpaid principal amount of outstanding Revolving Loans of a Bank shall not at any time exceed the Revolving Commitment Amount of such Bank. Revolving Loans hereunder shall be made by the several Banks ratably in the proportion of their respective Revolving Commitment Amounts. Revolving Loans may be obtained and maintained, at the election of the Borrower but subject to the limitations hereof, as Base Rate Advances or Eurodollar Rate Advances. Notwithstanding any provision hereof, this Agreement and the Revolving Commitments shall terminate and the Banks shall have no obligation hereunder if the Closing Date hereunder shall not have occurred on or before June 15, 2002, provided, however, that the obligations of the Borrower under Section 9.2 shall survive any such termination.
The Revolving Commitments. Subject to the terms and conditions hereof, the Banks hereby establish credit facilities for the Borrower, consisting of a Revolving Loan Facility under which each Bank severally agrees to make loans (each, a "Revolving Loan" and, collectively, the "Revolving Loans") to the Borrower on a revolving basis at any time and from time to time from the Closing Date to the Termination Date, during which period the Borrower may borrow, repay and reborrow in accordance with subsections 2.2 through 2.20 hereof, a Swing-Line Loan Facility under which the Agent may make Swing-Line Loans in accordance with subsection 2.21 hereof, and a Bid Loan Facility under which the Banks may make Bid Loans in accordance with subsection 2.22 hereof; PROVIDED, HOWEVER, that the Banks shall not make any Revolving Loans if, after giving effect thereto, the Total Outstandings would exceed the Aggregate Revolving Commitment Amounts. The unpaid principal amount of outstanding Revolving Loans of a Bank shall not at any time exceed the Revolving Commitment Amount of such Bank. Revolving Loans hereunder shall be made by the several Banks ratably in the proportion of their respective Revolving Commitment Amounts. Revolving Loans may be obtained and maintained, at the election of the Borrower but subject to the limitations hereof, as Reference Rate Advances or LIBOR Advances or any combination thereof.
The Revolving Commitments. Subject to the terms and conditions set forth herein, each Revolving Lender with a Revolving Commitment severally agrees to make one or more Revolving Loans in U.S. Dollars to the Borrower during the Availability Period in an aggregate principal amount that will not result in, after giving effect thereto, any of the following: (a) such Revolving Lender’s Revolving Credit Exposure exceeding such Revolving Xxxxxx’s Revolving Commitment; (b) the sum of the total Revolving Credit Exposures exceeding the total Revolving Commitments; or (c) the sum of the total Revolving Credit Exposures exceeding the Borrowing Base Amount. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and re-borrow Revolving Loans.
The Revolving Commitments. Until the Revolving Maturity Termination Date, each Lender having a Revolving Commitment severally agrees, on the terms and conditions hereinafter set forth, to (a) make Loans to the Company (each such loan, a "Revolving Loan") and (b) purchase risk participations in outstanding Letter of Credit Usage; provided, however, that (a) each Lender's -------- ------- Outstanding Obligations consisting of Revolving Loans and Letter of Credit Usage shall not exceed its Revolving Commitment, and all Lenders' Outstanding Obligations consisting of Revolving Loans and Letter of Credit Usage shall not exceed the combined Revolving Commitments. Within the limits of each Lender's Revolving Commitment and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01(a), prepay pursuant to Section 2.07 and reborrow pursuant to this Section 2.01(a).
The Revolving Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Loans to the Company (each such Loan, a "Revolving Loan") and to participate (pursuant to Section 2.15) in the Letters of Credit issued by the Issuer, from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's name in SCHEDULE 2.1(b) under the heading "Revolving Commitment" (such amount, as the same (a) may be reduced from time to time (in accordance with such Lender's Revolving Commitment Percentage) pursuant to Section 2.5 or (b) may be reduced from time to time, as a result of one or more assignments pursuant to Section 10.8, is hereafter referred to as such Lender's "Revolving Commitment"); PROVIDED, HOWEVER, that, after giving effect to any Borrowing of Revolving Loans or issuance of any Letters of Credit, the sum of the aggregate principal amount of all outstanding Revolving Loans and the LC Amount shall not exceed the Revolving Loan Availability at such time. Within the limits of each Lender's Revolving Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this subsection 2.1(b), prepay pursuant to Section 2.6 and reborrow pursuant to this subsection 2.1(b). No Lender shall be obligated to make available its Revolving Commitment Percentage of any Revolving Loans during the existence of any Event of Default or a Default.
The Revolving Commitments. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make loans (each a “Loan”) to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in Dollars in an aggregate principal amount at any time outstanding that will not result in (a) such Lender’s Revolving Exposure exceeding such Lender’s Revolving Commitment or (b) such Lender’s Revolving Lending Exposure exceeding such Lender’s Revolving Lending Commitment. Within the limits of each Lender’s Revolving Lending Commitment and the Borrowing Sublimit, amounts of Loans repaid may be reborrowed under this Section 2.1. The entire amount of the Revolving Commitments will be available in the form of letters of credit issued pursuant to Section 2.4.
The Revolving Commitments. On the terms and subject to the conditions hereof, each Bank severally agrees to make loans (each, a "Revolving Loan" and, collectively, the "Revolving Loans") to the Borrower on a revolving basis at any time and from time to time from the Closing Date to the Termination Date, during which period the Borrower may borrow, repay and reborrow in accordance with the provisions hereof, provided, that the unpaid principal amount of outstanding Revolving Loans of a Bank plus the Revolving Percentage of the amount available to be drawn under any outstanding Letters of Credit shall not at any time exceed the Revolving Commitment Amount of such Bank and the Total Revolving Outstandings shall not at any time exceed the Aggregate Revolving Commitment Amount. Revolving Loans hereunder shall be made by the several Banks ratably in the proportion of their respective Revolving Commitment Amounts. Revolving Loans may be obtained and maintained, at the election of the Borrower but subject to the limitations hereof, as Reference Rate Advances or Eurodollar Rate Advances or any combination thereof.
The Revolving Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make loans (“Loans”) to the Borrower from time to time during the period from the date hereof to but excluding the Expiration Date in an aggregate amount not to exceed such Lender’s Commitment, as such amount may be reduced pursuant to Section 2.1(b). Within the foregoing limits, the Borrower may borrow, repay pursuant to Section 2.2(b) and reborrow under this Section.
The Revolving Commitments. On the terms and subject to the conditions hereof, the Bank agrees to make loans (the “Revolving Loans”) to the Borrower on a revolving basis at any time and from time to time from the Effective Date to the Termination Date, during which period the Borrower may borrow, repay, and reborrow in accordance with the provisions hereof, provided, that no Revolving Loan will be made in any amount that, after giving effect thereto, would cause the Total Revolving Outstandings to exceed the Revolving Commitment Amount. Revolving Loans may be obtained and maintained, at the election of the Borrower but subject to the limitations hereof, as Prime Rate Loans or LIBOR Rate Loans.
The Revolving Commitments
