Common use of The Revolving Credit Borrowings Clause in Contracts

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”), to the US Borrower, in Dollars, and to the Canadian Borrower, in Dollars or Canadian Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the lesser of (A) the Revolving Credit Aggregate Commitments and (B) the Revolving Credit Availability Amount, and (ii) the Revolving Credit Exposure of any Revolving Credit Lender shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans, Eurocurrency Rate Loans, Canadian Prime Rate Loans or Canadian CDOR Rate Loans, as further provided herein.

Appears in 3 contracts

Samples: Security Agreement, Credit Agreement (USD Partners LP), Security Agreement (USD Partners LP)

AutoNDA by SimpleDocs

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”), Loans denominated in Dollars pursuant to Section 2.02 to the US Borrower, in Dollars, and to the Canadian Borrower, in Dollars or Canadian Dollars, Borrower from its applicable Lending Office from time to time, on any Business Day during the Availability Periodperiod from the ClosingAmendment No. 3 Effective Date until the Maturity Date of the Revolving Credit Facility, in an aggregate principal amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, provided that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the lesser aggregate Outstanding Amount of (A) the Revolving Credit Aggregate Commitments and (B) the Revolving Credit Availability Amount, and (ii) the Revolving Credit Exposure Loans of any Revolving Credit Lender Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, Commitments and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans, Eurocurrency Rate Loans, Canadian Prime Rate Loans or Canadian CDOR Eurocurrency Rate Loans, as further provided herein.

Appears in 3 contracts

Samples: Credit Agreement (Summit Materials, Inc.), Credit Agreement (Summit Materials, Inc.), Credit Agreement (Summit Materials, LLC)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”), to the US Borrower, in Dollars, and to the Canadian Borrower, Borrower in Dollars or Canadian Dollars, from time to time, on any Business Day during until the Availability PeriodRevolver Maturity Date, in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, provided that after giving effect to any Revolving Credit Borrowing, (ix) the Revolving Outstandings of any Lender shall not exceed such Lender’s Revolving Credit Commitment, and (y) the Total Revolving Credit Outstandings shall not exceed the lesser of (A) the Aggregate Revolving Credit Aggregate Commitments and (B) the Revolving Credit Availability Amount, and (ii) the Revolving Credit Exposure of any Revolving Credit Lender shall not exceed such Revolving Credit Lender’s Revolving Credit CommitmentCommitments. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, 2.06 and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans, Eurocurrency Rate Loans, Canadian Prime Rate Loans or Canadian CDOR Eurodollar Rate Loans, as further provided herein. All Revolving Credit Loans will be made by all Revolving Credit Lenders in accordance with their Pro Rata Share of the Revolving Credit Facility until the Revolver Maturity Date.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Fidelity National Financial, Inc.), Credit and Guaranty Agreement (Fidelity National Financial, Inc.), Credit and Guaranty Agreement (Black Knight Financial Services, Inc.)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”), ) to the US Borrower, in Dollars, and to the Canadian Borrower, in Dollars or Canadian Dollars, Borrower from time to time, on any Business Day during the Availability PeriodPeriod for the Revolving Credit Facility, in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the lesser of (A) the Revolving Credit Aggregate Commitments and (B) the Revolving Credit Availability AmountFacility, and (ii) the Revolving Credit Exposure of any Revolving Credit Lender shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans, Eurocurrency Rate Loans, Canadian Prime Rate Loans or Canadian CDOR Eurodollar Rate Loans, as further provided herein.

Appears in 3 contracts

Samples: Credit Agreement (TopBuild Corp), Credit Agreement (TopBuild Corp), Credit Agreement (TopBuild Corp)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”), to the US Borrower, in Dollars, and to the Canadian Borrower, Borrower in Dollars or Canadian Dollars, from time to time, on any Business Day during until the Availability PeriodRevolver Maturity Date, in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (ix) the Revolving Outstandings of any Lender shall not exceed such Lender’s Revolving Credit Commitment, and (y) the Total Revolving Credit Outstandings shall not exceed the lesser of (A) the Aggregate Revolving Credit Aggregate Commitments and (B) the Revolving Credit Availability Amount, and (ii) the Revolving Credit Exposure of any Revolving Credit Lender shall not exceed such Revolving Credit Lender’s Revolving Credit CommitmentCommitments. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, 2.06 and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans, Eurocurrency Rate Loans, Canadian Prime Rate Loans or Canadian CDOR Eurodollar Rate Loans, as further provided herein. All Revolving Credit Loans will be made by all Revolving Credit Lenders in accordance with their Pro Rata Share of the Revolving Credit Facility until the Revolver Maturity Date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Black Knight, Inc.), Credit and Guaranty Agreement (Black Knight, Inc.)

AutoNDA by SimpleDocs

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “or cause its Applicable Lending Office to make) Revolving Credit Loan”), Loans from time to time during the US Borrower, in Dollars, and to Availability Period for the Canadian Borrower, Revolving Credit Facility in Dollars or Canadian Dollars, from time to time, on any Business Day during the Availability Period, in an Approved Currency in an aggregate principal amount that will not to exceed at any time outstanding the amount of result in such Lender’s Revolving Credit Exposure exceeding such Lender’s Revolving Credit Commitment; providedprovided that, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the lesser of (A) the Revolving Credit Aggregate Commitments and (B) the Revolving Credit Availability Amount, and (ii) the Revolving Credit Exposure making of any Revolving Credit Lender Loans, in no event shall not the Total Revolving Outstandings exceed such the Revolving Credit Lender’s Revolving Credit CommitmentCommitments then in effect. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans, Loans or Eurocurrency Rate Loans Borrowings, Conversions and Continuations of Loans, Canadian Prime Rate Loans or Canadian CDOR Rate Loans, as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Wyndham Destinations, Inc.), Credit Agreement (Wyndham Destinations, Inc.)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “or cause its Applicable Lending Office to make) Revolving Credit Loan”), Loans from time to time during the US Borrower, in Dollars, and to Availability Period for the Canadian Borrower, Revolving Credit Facility in Dollars or Canadian Dollars, from time to time, on any Business Day during the Availability Period, in an Approved Currency in an aggregate principal amount that will not to exceed at any time outstanding the amount of result in such Lender’s Revolving Credit Exposure exceeding such Lender’s Revolving Credit Commitment; providedprovided that, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the lesser of (A) the Revolving Credit Aggregate Commitments and (B) the Revolving Credit Availability Amount, and (ii) the Revolving Credit Exposure making of any Revolving Credit Lender Loans, in no event shall not the Total Revolving Outstandings exceed such the Revolving Credit Lender’s Revolving Credit CommitmentCommitments then in effect. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers any Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate LoansLoans or, Eurocurrency Rate Loans, Canadian Prime Term SOFR Loans, Alternative Currency Term Rate Loans or Canadian CDOR Alternative Currency Daily Rate Loans, as further provided herein.Borrowings, Conversions and Continuations of Loans. Section 2.02

Appears in 1 contract

Samples: Credit Agreement (Primo Water Corp /CN/)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”), to the US Borrower, in Dollars, and to the Canadian Borrower, Borrower in Dollars or Canadian Dollars, from time to time, on any Business Day during until the Availability PeriodRevolver Maturity Date, in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Credit LenderXxxxxx’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (ix) the Revolving Outstandings of any Lender shall not exceed such Xxxxxx’s Revolving Credit Commitment, and (y) the Total Revolving Credit Outstandings shall not exceed the lesser of (A) the Aggregate Revolving Credit Aggregate Commitments and (B) the Revolving Credit Availability Amount, and (ii) the Revolving Credit Exposure of any Revolving Credit Lender shall not exceed such Revolving Credit Lender’s Revolving Credit CommitmentCommitments. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, 2.06 and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans, Eurocurrency Rate Loans, Canadian Prime Rate Loans or Canadian CDOR Rate Eurodollar RateTerm Benchmark Loans, as further provided herein. All Revolving Credit Loans will be made by all Revolving Credit Lenders in accordance with their Pro Rata Share of the Revolving Credit Facility until the Revolver Maturity Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Black Knight, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.