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).
Appears in 2 contracts
Sources: Credit Agreement (United Artists Theatre Co), Credit Agreement (United Artists Theatre Co)