The Revolving Credit Loans Sample Clauses

The Revolving Credit Loans. 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 Borrower from time to time, on any Business Day during the Availability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any such Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure of any 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 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 Eurodollar Rate Loans, as further provided herein.
The Revolving Credit Loans. (a) The Lenders agree, severally, but not jointly, on the date of this Agreement, on the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower and the Guarantors set forth in this Agreement, to lend to the Borrower prior to the Maturity Date such amounts as the Borrower may request from time to time (individually, a "Revolving Credit Loan" or collectively, the "Revolving Credit Loans"), which amounts may be borrowed, repaid and reborrowed, provided that (i) the aggregate amount of such Revolving Credit Loans outstanding at any one time shall not exceed the Total Commitment, or such lesser amount of the Total Commitment as it may be reduced pursuant to Section 2.08 (a) hereof, (ii) Aggregate Outstandings shall not at any one time exceed the Total Commitment as in effect at such time and (iii) each Lender's Pro Rata Share of Aggregate Outstandings shall not exceed such Lender's Commitment. On the date of this Agreement, all the Existing Letters of Credit shall be deemed to be Outstanding L/C Exposure under this Agreement.
The Revolving Credit Loans. Each of the Lenders severally agrees, subject to the terms and conditions of this Agreement, to make Advances of Revolving Credit Loans to the Borrower from time to time after receipt by the Agent from time to time before the Revolving Credit Repayment Date of, and at the times provided for in, a Request and an Interest Rate Election from the Borrower in accordance with this Agreement, during the period commencing on the Closing Date and ending on the Business Day immediately preceding the Revolving Credit Repayment Date, in an aggregate principal amount at any one time outstanding not to exceed such Lender's Pro Rata Share of the Revolving Credit Loan Commitment less such Lender's Pro Rata Share of the aggregate outstanding stated amount of any Letters of Credit or Letter of Credit Agreements and any unreimbursed amounts drawn thereunder. The outstanding principal balance of the Revolving Credit Loans shall be repaid on the Revolving Credit Repayment Date. Promptly after receipt of a Request and Interest Rate Election, Agent shall notify each Lender by telephone, telex or telecopy of the proposed borrowing. Subject to the immediately preceding paragraph, each Lender agrees that after its receipt of notification from Agent of Agent's receipt of a Request and Interest Rate Election, such Lender shall send its Pro Rata Share (or such portion thereof as may be necessary to provide Agent with such Pro Rata Share in Dollars and in immediately available funds, without consideration or use of any contra accounts of any Lender) of the requested Loan by wire transfer to Agent so that Agent receives such Pro Rata Share in Dollars and in immediately available funds not later than 12:00 P.M. (Boston, Massachusetts time) on the first day of the Interest Period for any such requested Libor Loan and on the Business Day for such Advance set forth in Borrower's Request for any such requested Prime Rate Loan, and Agent shall advance funds to the Borrower by depositing such funds in Borrower's account with the Agent upon Agent's receipt of such Pro Rata Shares in the amount of the Pro Rata Shares of such Loan in Agent's possession. Unless Agent shall have been notified by any Lender (which notice may be telephonic if confirmed promptly in writing) prior to the first day of the Interest Period in respect of any Loan which such Lender is obligated to make under this Agreement, that such Lender does not intend to make available to Agent such Lender's Pro Rata Share of such Loan...
The Revolving Credit Loans. 22 3.1 Revolving Credit Commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 3.2 The Swing Line . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 3.3
The Revolving Credit Loans. Each Bank severally agrees, subject to the terms and conditions contained in this Agreement, to make Revolving Credit Loans to the Borrower from time to time after receipt by the Agent from time to time before the Termination Date, and at the times provided for in, a Borrowing Request from the Borrower in accordance with Article 3, during the period commencing on the Closing Date and ending on the Business Day immediately preceding the Termination Date, in an aggregate principal amount at any one time outstanding not to exceed (i) such Bank's Pro Rata Share of the Facility Amount, less (ii) in each case, such Bank's Pro Rata Share of the aggregate amount of any reductions of the Commitment made pursuant to Section 2.09. Notwithstanding the foregoing, it is hereby understood by the parties hereto that the maximum principal amount available to the Borrower pursuant to this Section 2.01 (a) at any time shall be reduced by the aggregate principal amount of Swing Loans and the aggregate amount LC Exposures, in each case outstanding at such time. Within the foregoing limits, the Borrower may borrow under this subsection, prepay Revolving Credit Loans and reborrow at any time prior to the Termination Date under this subsection.
The Revolving Credit Loans. (a) Subject to the terms and conditions of this Agreement, each of the Lenders severally agrees to make Revolving Credit Loans to the Borrowers from time to time from and including the date hereof to but excluding the Revolving Credit Termination Date in an aggregate principal amount at any one time outstanding up to but not exceeding its Revolving Credit Commitment Amount; provided that the obligation of each Lender to make Revolving Credit Loans hereunder is subject to the condition that the Total Exposure (after giving effect to the funding of such Revolving Credit Loans) shall not exceed the Borrowing Base.
The Revolving Credit Loans. (a) Each Lender severally agrees, subject to Section 2.5(a) and the other terms and conditions of this Agreement, to make revolving credit loans (the "Revolving Credit Loans") to the Borrower, from time to time from the Closing Date to but excluding the Expiration Date, at the Borrower's request to the Agent, in an aggregate principal amount which, after giving effect thereto, would not cause the aggregate principal amount of all outstanding Loans made by such Lender to exceed such Lender's Commitment reduced by such Lender's Pro Rata Share of the amount, if any, by which the Maximum Amount of the Facility exceeds (i) 85% of Eligible Receivables plus (ii) 65% of Eligible Inventory (not to exceed $40,000,000) less (iii) any reserves established by the Agent in accordance with the terms of this Agreement (the "Borrowing Base"); provided, however, that in no event shall the aggregate amount of the Revolving Credit Loans of all the Lenders outstanding at any time exceed the Maximum Amount of the Facility less the aggregate outstanding principal amount of the CapEx Loans.
The Revolving Credit Loans. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make Revolving Credit Loans to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Revolving Credit Commitment; PROVIDED, HOWEVER, that at no time, except as provided for in Section 2.14(c), shall any Lender be obligated to make a Revolving Credit Loan in excess of such Lender's Ratable Portion of the Available Credit. In addition, each Lender agrees to make Revolving Credit Loans in accordance with Section 2.18. Within the limits of each Lender's Revolving Credit Commitment, amounts prepaid pursuant to Section 2.7(c) may be reborrowed under this Section 2.1. The Revolving Credit Loans of each Lender shall be evidenced by a Revolving Credit Note to the order of such Lender.
The Revolving Credit Loans. Subject to the terms and conditions hereof, each Revolving Credit Lender severally agrees at any time and from time to time on and after the Effective Date and prior to the Revolving Credit Maturity Date, to make and maintain a revolving credit loan or loans up to the amount of such Lender's Revolving Credit Commitment (each a "Revolving Credit Loan" and collectively, the "Revolving Credit Loans") to the Company, which Loans (i) shall, at the option of the Company, be made and maintained pursuant to one or more Advances comprised of Alternate Base Rate Advances or LIBOR Rate Advances; provided that all Loans comprising all or a portion of the same Advance shall when made be of the same Type, (ii) in the case of any LIBOR Rate Advance, shall be made in the minimum amount of $2,000,000.00 and integral multiples of $100,000.00, (iii) in the case of any Alternate Base Rate Advance, shall be made in the minimum amount of $1,000,000.00 (or if less, in the aggregate amount of the Unutilized Commitment) and integral multiples of $100,000.00, and (iv) may be repaid and, so long as no Default or Event of Default exists hereunder, reborrowed, at the option of the Company in accordance with the provisions hereof. Notwithstanding the foregoing, the aggregate outstanding principal balance of all Revolving Credit Loans and all Swing Line Loans plus the Letter of Credit Obligations shall not exceed the lesser of the Borrowing Base then in effect and the Total Revolving Credit Commitment. There shall be no further Advances after the Revolving Credit Maturity Date.
The Revolving Credit Loans. (a) Each Borrower hereby agrees to pay to each Lender when due in accordance with the terms of this Agreement the Existing Revolving Credit Loans of such Lender made to such Borrower.