Common use of The Revolving Credit Loans Clause in Contracts

The Revolving Credit Loans. On the terms and subject to the conditions contained in this Agreement, each Lender severally 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 date hereof until the Business Day preceding 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 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 may be reborrowed under this Section 2.1. The Revolving Credit Loans of each Lender shall be evidenced by the Revolving Credit Note payable to the order of such Lender.

Appears in 1 contract

Samples: Credit Agreement (Intergraph Corp)

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The Revolving Credit Loans. On the terms and subject to the conditions contained in this AgreementAgreement (including, on and after the initial Additional Revolving Credit Commitment Date, Section 2.21), each Lender severally 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 date hereof Restatement Effective Date until the Business Day preceding (but not including) 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 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 2.6(b) may be reborrowed under this Section 2.1. The Revolving Credit Loans of each Lender shall be evidenced by the Revolving Credit Note payable to the order of such Lender.

Appears in 1 contract

Samples: Credit Agreement (Felcor Hotel Asset Co LLC)

The Revolving Credit Loans. On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees to make loans (each a "Revolving Credit Loan") Loans to the Borrower Borrowers from time to time on any Business Day during the period from the date hereof Effective Date until the Business Day preceding 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 shall any Revolving Credit Lender be obligated to make a Revolving Credit Loan in excess of such Lender's Ratable Portion of the Available CreditExcess Availability. In addition, each Revolving Credit Lender agrees to make Revolving Credit Loans in accordance with Section 2.18. Within the limits of each Revolving Credit Lender's Revolving Credit Commitment, amounts prepaid pursuant to Section 2.6 2.7(c)(i) or (ii) may be reborrowed under this Section 2.12.1(a). The Revolving Credit Loans of each Revolving Credit Lender shall be evidenced by the a Revolving Credit Note made payable to the order of such Revolving Credit Lender.

Appears in 1 contract

Samples: Possession Credit Agreement (WHX Corp)

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The Revolving Credit Loans. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make loans (each a "Revolving Credit Loan") Loans to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Business Day preceding 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 payable to the order of such Lender.

Appears in 1 contract

Samples: Credit Agreement (WHX Corp)

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