The Revolving Credit Commitment. (a) The Revolving Credit Commitment shall be equal to the lesser of:
The Revolving Credit Commitment. The maximum aggregate amount the Banks shall be obligated to lend to the Borrower at any time under this Loan Agreement shall be Forty Million Dollars ($40,000,000) from May 22, 1995 through and including August 31, 1995, and Thirty Million Dollars ($30,000,000) thereafter until the Revolving Credit Commitment Termination Date, as such amounts may have been reduced under Section 2.03
The Revolving Credit Commitment. (a) Subject to the terms and conditions hereof and relying upon the representations and warranties of the Loan Parties in the Loan Documents, each Revolving Lender agrees, severally and not jointly, to make its Applicable Percentage of the Revolving Loans to the Borrowers, at any time and from time to time on or after the Restatement Effective Date and until the Commitment Termination Date in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Lender’s Revolving Credit Exposure at such time exceeding such Lender’s Revolving Credit Commitment, as the same may be reduced from time to time pursuant to Sections 2.8 or 2.10 hereof.
The Revolving Credit Commitment. Subject to the terms and conditions of this Agreement, Lender agrees to extend to Borrowers, from the date hereof through the Termination REVOLVING CREDIT AGREEMENT - PAGE 14 -------------------------- (GAINSCO/Bank One) 16 Date, a revolving line of credit which shall not exceed at any one time outstanding the then-current Revolving Credit Commitment. Within the limits of this SECTION 2.1, during such period, Borrowers may borrow, repay, and reborrow the Unused Commitment in accordance with this Agreement. Borrowers shall have the right, upon three (3) Business Days' prior written notice to Lender, to permanently reduce the unutilized portion of the Revolving Credit Commitment; provided that if any such reduction does not reduce the Revolving Credit Commitment to $0.00, then any partial reduction shall be in the minimum amount of $1,000,000.00 or a greater integral multiple of $500,000.00.
The Revolving Credit Commitment. (a) Subject to the terms and conditions and relying upon the representations and warranties of the Loan Parties in the Loan Documents, each Revolving Credit Lender agrees, severally and not jointly, to make Revolving Loans to the Borrower, at any time and from time to time on or after the date hereof, and until the earlier of the Revolving Credit Maturity Date and the termination of the Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not result in such Lender's Revolving Credit Exposure at such time exceeding such Lender's Revolving Credit Commitment set forth on Schedule 2.2, as the same may be reduced from time to time pursuant to Sections 2.8 or 2.10 hereof.
The Revolving Credit Commitment. Subject to the terms and conditions and relying upon the representations and warranties herein set forth and subject to the Interim Bankruptcy Court Order and the Final Bankruptcy Court Order, each Lender severally agrees to make loans to the Borrower at any
The Revolving Credit Commitment. The Swingline Loans from Mercantile to the Borrowers shall be evidenced by a single Swingline Note of the Borrowers dated the date hereof and payable to the order of Mercantile in the amount of the Maximum Swingline Amount and in the form attached hereto as Exhibit B --------- and incorporated herein by reference (as the same may from time to time be amended, modified, extended or renewed, the "Swingline Note"). Subject to the terms and conditions hereof, the Borrowers may borrow, repay and reborrow such Swingline Loans from Mercantile.
The Revolving Credit Commitment. Subject to the terms and conditions of this Agreement, Lender agrees to extend to Borrower, from the date hereof through the Termination Date, a revolving line of credit which shall not exceed at any one time outstanding the lesser of (a) the Borrowing Base or (b) the Revolving Credit Commitment.
The Revolving Credit Commitment. Subject to the terms and conditions and relying upon the representations and warranties herein set forth, each Lender severally agrees to make Loans to the Borrower at any time and from time to time on or after the date hereof and to, but not including, the Termination Date, in an aggregate principal amount not exceeding at any one time its Pro Rata share of the Current Commitment at such time. The Current Commitment at any time shall be equal to the lesser of (A) $40,000,000, as such amount may have been reduced under Section 2.04(a) hereof at such time, and (B) the Borrowing Base. No Lender shall have an obligation to make Loans hereunder or arrange for the issuance of the date on which the Revolving Credit Commitment is terminated by Borrower pursuant to Section 2.04 hereof.
The Revolving Credit Commitment. Subject to the terms and conditions of this Agreement, the Lender agrees to extend to the Company, from the date hereof through the Termination Date, a revolving line of credit, which shall not exceed at any one time outstanding the then-current Revolving Credit Commitment. Within the limits of this Section 2.1, during such period, the Company may borrow, repay, and reborrow the Unused Commitment, subject to approval by the Lender, in accordance with this Agreement. The Lender shall have the right to approve each and every Advance request subject to the status of the Company.
