Common use of The Revolving Credit Facilities Clause in Contracts

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. 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 with respect to any Revolving Credit Facility (i) as to each Lender, not to exceed at any time the amount of such Lender's Revolving Credit CommitmentCommitment with respect to such Revolving Credit Facility, 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 applicable Obligor in accordance with Section 2.11 hereof, PLUS the amount of any unreimbursed draws under Letters of Credit from FROM (B) the lesser of (x) the Borrowing Base or (y) the Maximum Revolving Credit Amount from time to time in effecteffect for such Revolving Credit Facility. Concurrently with the execution of the First AmendmentAgreement, the Borrower will execute and deliver to the Lenders the their Revolving Credit Notes to evidence the AdvancesAdvances under the respective Revolving Credit Facilities."