Common use of The Revolving Commitments Clause in Contracts

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 On the terms and subject to the 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 the provisions 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, HOWEVERprovided, that the Banks shall not make no Revolving Loan will be made in any Revolving Loans ifamount which, after giving effect thereto, would cause the Total Revolving Outstandings would to exceed the lesser of (i) the Aggregate Revolving Commitment Amounts. The unpaid principal amount of outstanding Revolving Loans of a Bank shall not at any time exceed , or (ii) the Revolving Commitment Amount of such BankBorrowing Base. 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 Eurodollar Rate Advances or any combination thereof. Notwithstanding any provision hereof, this Agreement and the Revolving Commitments shall terminate and the Banks shall have no obligation hereunder if the initial Revolving Loans hereunder have not been made by November 30, 1998, provided, however, that the obligations of the Borrower under Section 9.2 shall survive any such termination.