The Revolving Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrower (each such Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Fourth Amendment Effective Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, the Lenders shall be under no obligation to fund any requested Borrowing of Revolving Loans to the extent that such requested Borrowing, if funded, would cause the aggregate principal amount of all outstanding Revolving Loans to exceed the Maximum Revolving Loan Balance. Each Lender shall be deemed to have assigned and/or purchased, as necessary, any and all amounts in respect of the Aggregate Revolving Loan Commitment in order to accurately reflect its appropriate percentage of the Aggregate Revolving Loan Commitment as set forth on Schedule 1.1(b). Subject to the other terms and conditions hereof, amounts borrowed under this subsection 1.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:
The Revolving Credit. Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make Loans to the Company from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an amount such that (i) the aggregate principal amount of Loans by such Bank at any one time outstanding shall not exceed the amount of its Revolving Commitment and (ii) the Total Outstanding Amount shall not exceed the Aggregate Revolving Commitment. Within the limits of each Bank’s Revolving Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.01, prepay pursuant to Section 2.06 and reborrow pursuant to this Section 2.01.
The Revolving Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Revolving Loans to the Borrower from time to time on any Business Day during the period from the Closing Date through the Final Availability Date in Dollars, in an aggregate amount not to exceed at any time outstanding such Lender’s Revolving Loan Commitment, which Revolving Loan Commitments, as of the Closing Date, are set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments”; provided, however, that (i) after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance and (ii) Revolving Loans borrowed on the Closing Date shall not exceed an aggregate principal amount equal to $120,000,000. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b) may be repaid and re-borrowed from time to time. The “Maximum Revolving Loan Balance” from time to time equals (i) the Aggregate Revolving Loan Commitment then in effect less (ii) the sum of (x) the aggregate amount of Letter of Credit Obligations plus (y) the aggregate principal amount of outstanding Swing Loans.
The Revolving Credit. The Borrower shall repay to the Agent, for the account of the Lenders, on the Revolving Termination Date the aggregate principal amount of Revolving Loans outstanding on such date.
The Revolving Credit. The Company shall repay to the Banks on the Revolving Termination Date the aggregate principal amount of Revolving Loans outstanding on such date.
The Revolving Credit a) Subject to all of the terms and conditions hereof, the Banks agree, severally and not jointly, to extend a revolving credit (the "Revolving Credit") to the Borrower which may be utilized in the form of loans (individually a "Revolving Credit Loan" and collectively the "Revolving Credit Loans"), and L/Cs (as hereinafter defined). The aggregate principal amount of all Revolving Credit Loans under the Revolving Credit plus the amount available for drawing under the L/Cs, the aggregate principal amount of all Swingline Loans (as hereinafter defined) under the Swingline and the aggregate principal amount of all unpaid Reimbursement Obligations (as hereinafter defined)(collectively, the "Revolving Credit Obligations") at any time outstanding shall not exceed the lesser of (i) the Banks' Revolving Credit Commitments (as hereinafter defined) in effect from time to time during the term of this Agreement and (ii) the Borrowing Base as determined on the basis of the most recent Borrowing Base Certificate. The Revolving Credit shall be available to the Borrower, and may be availed of by the Borrower from time to time, be repaid (subject to the restrictions on prepayment set forth herein) and used again, during the period from the date hereof to and including January 1, 2004 (the "Termination Date").
The Revolving Credit. Each Revolving Lender severally agrees, on the terms and conditions set forth herein, to make loans to the Company (each such loan, a "Revolving Loan") 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 on Schedule 2.01 (such amount, as the same may be reduced under Section 2.07 or as a result of one or more assignments under Section 11.08, the Revolving Lender's "Revolving Loan Commitment"); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the Effective Amount of all outstanding Revolving Loans, together with all Term Loans and Swing Line Loans outstanding at such time, and the Dollar Equivalent of the Effective Amount of all L/C Obligations, shall not at any time exceed the Aggregate Commitment; and provided further, that the Effective Amount of the Revolving Loans of any Revolving Lender plus the participation of such Revolving Lender in the Dollar Equivalent of the Effective Amount of all L/C Obligations and such Revolving Lender's Pro Rata Revolving Share of any outstanding Swing Line Loans shall not at any time exceed such Revolving Lender's Revolving Loan Commitment. Within the limits of each Revolving Lender's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this subsection 2.01(d), prepay under Section 2.08 and reborrow under this subsection 2.01(d).
The Revolving Credit. (a) Subject to the terms and conditions of this Agreement and so long as no Default exists, at any time prior to the Revolving Credit Termination Date, each Revolving Credit Lender, severally and not jointly, shall make such Revolving Credit Advances to the Borrowers as the Borrowers may from time to time request, by notice to the Agent in accordance with Section 2.2, in an aggregate amount (i) as to each Revolving Credit Lender, not to exceed at any time such Lender's Revolving Credit Commitment Percentage of the Available Revolving Credit Amount and (ii) as to all Revolving Credit Lenders, not to exceed an amount equal to the Available Revolving Credit Amount. The outstanding principal amount of the Revolving Credit Advances, together with all accrued interest and other fees and charges related thereto, shall be repaid in full on the Revolving Credit Termination Date. On the Closing Date, the Borrowers, jointly and severally, shall execute and deliver to each Revolving Credit Lender a Revolving Credit Note to evidence the Revolving Credit Advances from time to time made by such Revolving Credit Lender to the Borrowers hereunder. The Revolving Credit Lenders having aggregate Revolving Credit Commitment Percentages in excess of 50% may from time to time in consultation with the Borrowers establish sublimits as to the amounts of Revolving Credit Advances that may be advanced for use by one or more Borrowers that do not operate ski resorts.
The Revolving Credit. Subject to all the terms and conditions hereof and so long as there shall exist no Default, on September 30, 1997 (the "Initial Closing Date"), and thereafter on such dates prior to August 31, 2001, as the Company may request by 10:00 a.m. (Los Angeles time) not less than four (or, if no part of the requested loan is to be subject to an Offshore Rate, two) Business Days' prior written notice to you (which dates, together with the Initial Closing Date, are called "Closing Dates"), you will lend to the Company such amounts (in integral multiples of $50,000) as the Company may from time to time request in such notice (each loan hereunder shall be considered an "Advance"); provided, however, that the aggregate principal amount of all such loans at any one time outstanding shall not exceed the Maximum Amount of Credit. The proceeds of each such loan shall be applied only as provided in Section 2.2 below. In connection with each loan hereunder, you shall have received a certificate dated the applicable Closing Date in substantially the form of Exhibit 4.3 hereto.
The Revolving Credit. Subject to the terms and conditions hereof, the Lender agrees to extend a revolving credit (the "Revolving Credit") to the Borrower in an aggregate principal amount at any one time outstanding not to exceed the lesser of (i) $5,000,000 (the "Commitment") (subject to any reductions thereof pursuant to the terms hereof) or (ii) the Borrowing Base as then determined and computed, which may be availed of by the Borrower in its discretion from time to time, be repaid and used again, to and including the Termination Date.