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 denominated in Dollars to the Company as elected by the Company pursuant to Section 2.02 (each such loan, a “Revolving Credit Loan”) from time to time, on any Business Day until the Maturity Date, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided that (i) after giving effect to any Revolving Credit Borrowing, the amount of the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Credit Commitment, and (ii) the aggregate principal amount of Revolving Credit Loans made on the Closing Date shall not exceed $10,000,000. Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Company 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 or Eurocurrency Rate Loans, as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Direct Holdings Libraries Inc.), Credit Agreement (Readers Digest Association Inc)

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The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, herein (i) each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Company as elected by the Company pursuant to Section 2.02 Borrower (each such loan, a “Revolving Credit Loan”) from time to time, on any Business Day until the Maturity Date, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided that (i) after giving effect to any Revolving Credit Borrowing, (i) the amount of the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Credit Commitment, and (ii) the aggregate principal amount of Revolving Credit Loans made on the Closing Date shall not exceed $10,000,000. Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Company 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 or Eurocurrency Rate Loans, as further provided herein. Notwithstanding anything to the contrary herein, the maximum amount of Revolving Credit Loans that may be borrowed by the Borrower on the Closing Date shall not exceed $50,000,000.

Appears in 2 contracts

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

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Company as elected by the Company pursuant to Section 2.02 (each such loan, a “Revolving Credit Loan”) to the Borrowers from time to time, on any Business Day until during the Maturity DateAvailability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided provided, however, that (i) after giving effect to any Revolving Credit Borrowing, (i) the amount of Total Revolving Credit Outstandings shall not exceed the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Credit CommitmentFacility, and (ii) the aggregate principal amount of Revolving Credit Loans made on the Closing Date Exposure shall not exceed $10,000,000such 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 Company Borrowers may borrow under this Section 2.01(b2.01(c), prepay under Section 2.05, and reborrow under this Section 2.01(b2.01(c). Revolving Credit Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Ichor Holdings, Ltd.), Credit Agreement (Ichor Holdings, Ltd.)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, herein (i) each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Company as elected by the Company pursuant to Section 2.02 Borrower (each such loan, a “Revolving Credit Loan”) from time to time, on any Business Day until the Maturity Date, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided that (i) after giving effect to any Revolving Credit Borrowing, the amount of the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Credit Commitment, and (ii) the aggregate principal amount of Revolving Credit Loans made on the Closing Date shall not exceed $10,000,000. Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Company 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 or Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (West Corp)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Company as elected by the Company pursuant to Section 2.02 (each such loan, a “Revolving Credit Loan”) to the Revolver Borrower from time to time, on any Business Day until during the Maturity DateAvailability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided that (ithe aggregate principal amount of Revolving Credit Loans requested pursuant to this Section 2.01(b) on the Closing Date shall not exceed $5,000,000; provided, further, that after giving effect to any Revolving Credit Borrowing, (i) the amount of Total Revolving Credit Outstandings shall not exceed the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Credit CommitmentFacility, and (ii) the aggregate principal amount of Revolving Credit Loans made on the Closing Date Exposure shall not exceed $10,000,000such 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 Company Revolver Borrower may borrow under this Section 2.01(b), prepay under Section 2.052.04, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (International Money Express, Inc.)

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The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Company as elected by the Company pursuant to Section 2.02 (each such loan, a “Revolving Credit Loan”) to the Borrowers in Dollars or in one or more Alternative Currencies from time to time, on any Business Day until during the Maturity DateAvailability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such LenderXxxxxx’s Revolving Credit Commitment; provided provided, however, that (i) after giving effect to any Revolving Credit Borrowing, (i) the amount of Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, (ii) the Revolving Credit Exposure of any Lender shall not exceed such LenderXxxxxx’s Revolving Credit Commitment, Commitment and (iiiii) the aggregate principal amount Outstanding Amount of all Revolving Credit Loans made on the Closing Date and Letters of Credit denominated in Alternative Currencies shall not exceed $10,000,000the Alternative Currency Sublimit. Within the limits of each LenderRevolving Credit Xxxxxx’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow re-borrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.Eurocurrency RateTerm SOFR Loans, Alternative Currency Daily Rate 46 158477613_2174043865_5

Appears in 1 contract

Samples: Credit Agreement (Stericycle Inc)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Company as elected by the Company pursuant to Section 2.02 (each such loan, a “Revolving Credit Loan”) in Dollars to the Borrower from time to time, on any Business Day until during the Maturity DateAvailability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided provided, however, that (i) after giving effect to any Revolving Credit Borrowing, (i) the amount of Total Revolving Credit Outstandings CHL:63544.12 shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure of any Revolving Credit Lender shall not exceed such Lender’s Revolving Credit Commitment, and (ii) the aggregate principal amount of Revolving Credit Loans made on the Closing Date shall not exceed $10,000,000. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Company Borrower may borrow under this Section 2.01(b)2.01, prepay under Section 2.05, and reborrow under this Section 2.01(b)2.01. Revolving Credit Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Heartland Payment Systems Inc)

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