The Revolving Credit Facilities Sample Clauses
The Revolving Credit Facilities. Subject to the terms of this Agreement:
(i) each Senior Bank agrees to participate in Revolving Credit Facility A and to make available to the Borrowers a revolving credit facility up to an aggregate amount in USD not exceeding its Revolving Credit Facility A Commitments;
(ii) each Junior Bank agrees to participate in Revolving Credit Facility B and to make available to the Borrowers a revolving credit facility up to an aggregate amount in USD not exceeding its Revolving Credit Facility B Commitments; and
(iii) each Junior Bank agrees to participate in Revolving Credit Facility C and to make available to the Borrowers a revolving credit facility up to an aggregate amount in USD not exceeding its Revolving Credit Facility C Commitments.
The Revolving Credit Facilities. Subparagraph (a) is amended in its entirety to read as follows:
(a) Subject to the terms and conditions of this Agreement and so long as there exists no Default, at any time prior to the Revolving Credit Termination Date or the earlier acceleration of the Revolving Credit Notes, each Lender shall severally make such Advances to the Borrower as the Borrower 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 Lender, not to exceed at any time the amount of such Lender's Revolving Credit Commitment, and (ii) as to all of the Lenders, not to exceed an amount determined by subtracting (A) the aggregate outstanding balance of all Advances theretofore made by the Lenders with respect to such Revolving Credit Facility PLUS the aggregate amount available to be drawn under all Letters of Credit issued by the Agent for the account of the Borrower in accordance with Section 2.11 hereof, PLUS the amount of any unreimbursed draws under Letters of Credit from (B) the lesser of (x) the Borrowing Base or (y) the Maximum Revolving Credit Amount from time to time in effect. Concurrently with the execution of the First Amendment, the Borrower will execute and deliver to the Lenders the Revolving Credit Notes to evidence the Advances."
The Revolving Credit Facilities. 3.1 Grant of the Revolving Credit Facilities
The Revolving Credit Facilities. 22 2.1. Commitment to Lend.......................................................................... 22 2.2. Commitment Fee.............................................................................. 22 2.3. Reduction of Commitments.................................................................... 23 2.4. The Revolving Credit Notes.................................................................. 23 2.5. Interest on Revolving Credit Loans.......................................................... 23 2.6. Requests for Revolving Credit Loans......................................................... 23 2.7. The Swingline............................................................................
The Revolving Credit Facilities. 25 2.1. Commitment to Lend. ..........................................25 2.1.1. Commitment to Lend NordicTrack Loans. ...............25 2.1.2. Intentionally Omitted. ..............................25 2.1.3. Commitment to Lend S&H Loans. .......................25 2.1.4. Intentionally Omitted. ..............................26 2.1.5. Overadvance Facility..................................26 2.2. Commitment Fee. ..............................................27 2.3. Reallocation and Reduction of Total Commitment. ..............27 2.3.1. Reallocation of Total Commitment. ...................27 2.3.2. Reduction of Sub-Commitment. ........................28 2.3.3. Mandatory Reduction of Total Commitment. ............28 2.4. The Notes. ...................................................29 2.4.1. The NordicTrack Notes. ..............................29 2.4.2. Intentionally Omitted. ..............................29 2.4.3. The S&H Notes. ......................................29 2.4.4. Intentionally Omitted. ..............................30 2.5.
The Revolving Credit Facilities. (a) Subject to the terms and conditions of this Agreement and so long as there exists no Default, at any time prior to the Revolving Credit Termination Date or the earlier acceleration of the Revolving Credit Notes, each Lender shall severally make such Advances to the Borrower as the Borrower 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 Lender, not to exceed at any time the amount of such Lender's Revolving Credit Commitment, and (ii) as to all of the Lenders, not to exceed an amount determined by subtracting (A) the aggregate outstanding balance of all Advances theretofore made by the Lenders with respect to such Revolving Credit Facility PLUS the aggregate amount available to be drawn under all Letters of Credit issued by the Agent for the account of the Borrower in accordance with Section 2.11 hereof, PLUS the amount of any unreimbursed draws under Letters of Credit FROM (B) the lesser of (x) the Borrowing Base or (y) the Maximum Revolving Credit Amount from time to time in effect. Concurrently with the execution of the Agreement, the Borrower will execute and deliver to the Lenders the Revolving Credit Notes to evidence the Advances.
(b) Subject to the foregoing limitations and the provisions of Article 4 hereof, the Borrower shall have the right to repay the outstanding balance of the Advances and to request further Advances, by notice to the Agent in accordance with Section 2.2; PROVIDED that the Agent and the Lenders shall have the absolute right to refuse to make any Advances for so long as there would exist any Default upon the making of such Advance or after giving effect thereto. All outstanding Advances and all interest accrued and unpaid thereon and all other amounts outstanding hereunder shall be paid in full on the Revolving Credit Termination Date.
(c) The Borrower shall furnish a computation of the Borrowing Base on a form approved by the Agent by the fifteenth (15th) day of each calendar month which computation shall be prepared as of the close of business on the last business day of the preceding month of each respective subsidiary's month end and certified as correct by the Borrower's chief financial officer, treasurer or controller. The Lenders shall have no obligation to make any Advance if the Borrower fails to furnish such computation on a timely basis.
The Revolving Credit Facilities. 2.1. COMMITMENT TO LEND.................................................. 2.1.1. COMMITMENT TO LEND NORDICTRACK LOANS...................... 2.1.2.
The Revolving Credit Facilities