Common use of The Revolving Credit Loans Clause in Contracts

The Revolving Credit Loans. (a) On the terms and subject to the conditions contained in this Agreement, each Lender severally and not jointly agrees to make loans (each a "REVOLVING CREDIT LOAN") 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 Commitment; PROVIDED, HOWEVER, that at no time shall any Lender be obligated to make a Revolving Credit Loan in excess of such Lender's Ratable Portion of the Available Credit. Within the limits of each Lender's Commitment, amounts prepaid pursuant to Section 2.6 may be reborrowed under this Section 2.1. The Revolving Credit Loans of each Lender shall be evidenced by the Revolving Credit Note to the order of such Lender.

Appears in 1 contract

Samples: Credit Agreement (Elder Beerman Stores Corp)

AutoNDA by SimpleDocs

The Revolving Credit Loans. (a) On the terms and subject to the conditions contained in this Agreement, each Lender severally and not jointly agrees to make loans (each a "REVOLVING CREDIT LOANRevolving Credit Loan") to the Borrower from time to time on any Business Day during the period from the Effective Date date hereof until (but not including) the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Revolving Credit Commitment; PROVIDEDprovided, HOWEVERhowever, that at no time shall any Lender be obligated to make a Revolving Credit Loan in excess of such Lender's Ratable Portion of the Available Credit. Within the limits of each Lender's Revolving Credit Commitment, amounts prepaid pursuant to Section 2.6 2.7(b) may be reborrowed under this Section 2.1. The Revolving Credit Loans of each Lender shall be evidenced by the Revolving Credit Note to the order of such Lender.

Appears in 1 contract

Samples: Credit Agreement (Felcor Lodging Trust Inc)

The Revolving Credit Loans. (a) On the terms and subject to the conditions contained in this Agreement, each Lender severally and not jointly agrees to make loans (each a "REVOLVING CREDIT LOAN") 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 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 2.6 2.7(c) may be reborrowed under this Section 2.1. The Revolving Credit Loans of each Lender shall be evidenced by the a Revolving Credit Note to the order of such Lender.

Appears in 1 contract

Samples: Credit Agreement (Wheeling Pittsburgh Corp /De/)

AutoNDA by SimpleDocs

The Revolving Credit Loans. (a) On the terms and subject to the conditions contained in this Agreement, each Lender severally and not jointly agrees to make loans (each a "REVOLVING CREDIT LOAN") to the Borrower from time to time on any Business Day during the period from the Effective Closing Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment; PROVIDED, HOWEVER, that at no time shall any Lender be obligated to make a Revolving Credit Loan in excess of such Lender's Ratable Portion of the Available Credit. Within the limits of each Lender's Commitment, amounts prepaid pursuant to Section 2.6 may be reborrowed under this Section 2.1. The Revolving Credit Loans of each Lender shall be evidenced by the Revolving Credit Note to the order of such Lender.

Appears in 1 contract

Samples: Credit Agreement (Elder Beerman Stores Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.