Common use of The Revolving Credit Clause in Contracts

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:

Appears in 2 contracts

Samples: Credit Agreement (NxStage Medical, Inc.), Credit Agreement (Igi Laboratories, Inc)

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The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Revolving Loans to the Borrowers (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) Borrower from time to time on any Business Day during the period from the Closing Date through the Final Availability DateDate in Dollars, in an aggregate amount not to exceed at any time outstanding such Lender’s Revolving Loan Commitment, which Revolving Loan Commitments, as of the amount Closing Date, are set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment); provided, however, that, that (i) after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan BalanceBalance and (ii) Revolving Loans borrowed on the Closing Date shall not exceed an aggregate principal amount equal to $120,000,000. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b) may be repaid and reborrowed re-borrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be equals (i) the lesser of:Aggregate Revolving Loan Commitment then in effect less (ii) the sum of (x) the aggregate amount of Letter of Credit Obligations plus (y) the aggregate principal amount of outstanding Swing Loans.

Appears in 2 contracts

Samples: Credit Agreement (R1 RCM Inc.), Credit Agreement (R1 RCM Inc.)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement Agreement, including subsection 1.1(b)(v) below, and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans in Dollars or Canadian Dollars to the Borrowers (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount amount, as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, (A) the aggregate principal amount of all outstanding Revolving Loans to any Borrower Group shall not exceed that Borrower Group’s Maximum Revolving Loan Balance or, in the case of the Camrose Borrowers, if less, the Camrose Sublimit and (B) the aggregate principal amount of all outstanding Revolving Loans, Swing Loans and Letter of Credit Obligations to all Borrowers shall not exceed the Maximum Aggregate Revolving Loan BalanceCommitment then in effect. Subject to the other terms and conditions hereof, amounts borrowed under this Section subsection 1.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:.

Appears in 2 contracts

Samples: Credit Agreement (Evraz North America LTD), Credit Agreement (Evraz North America PLC)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Effective Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding such Lender’s Revolving Loan Commitment, which Revolving Loan Commitments, as of the amount Effective Date, are set forth on Schedule 2.1 opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b2.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:Aggregate Revolving Loan Commitment then in effect, less the sum of (I) the aggregate amount of Letter of Credit Obligations plus (II) the aggregate principal amount of outstanding Swing Loans. If at any time the outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance, then the Borrower shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess.

Appears in 2 contracts

Samples: Credit Agreement (Addus HomeCare Corp), Credit Agreement

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Effective Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(b1.1(a) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(bsubsection 1.1(a) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from at any time to time of determination will be the lesser of:

Appears in 2 contracts

Samples: Credit Agreement (Victor Technologies Group, Inc.), Credit Agreement (Thermadyne Australia Pty Ltd.)

The Revolving Credit. (i) 2.1a SHORT TERM REVOLVING CREDIT LOANS. Subject to the terms and conditions of this Agreement hereof and in reliance relying upon the representations and warranties of the Credit Parties contained hereinherein set forth, each Revolving Lender severally and not jointly agrees to make Short Term Revolving Credit Loans to the Borrowers (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) Borrower at any time from time to time on any Business Day during or after the period from date hereof to, but not including, the Closing Date through the Final Availability Short Term Revolving Credit Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, provided that the aggregate principal amount of all each Lender's Short Term Revolving Credit Loans outstanding Revolving Loans hereunder to the Borrower shall not exceed at any one time an amount equal to such Lender's Short Term Revolving Credit Commitment Percentage of the Maximum sum of (i) the aggregate amount of Short Term Revolving Loan BalanceCredit Commitments then in effect (the "Short Term Revolving Credit"), minus (ii) the principal amount of Swing Line Loans then outstanding. Subject Within such limits of time and amount and subject to the other terms provisions of this Agreement, the Borrower may borrow, repay and conditions hereof, amounts borrowed under reborrow pursuant to this Section 1.1(b) may be repaid and reborrowed from time to time2.1a. The “Maximum aggregate amount of the Short Term Revolving Loan Balance” from time to time will be Credit Commitments on the lesser of:Closing Date is $80,000,000. All Short Term Revolving Credit Loans outstanding on the Short Term Revolving Credit Termination Date shall become due and payable in full on such date.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”; unless the context shall otherwise require, the term “Revolving Loan” shall include any Incremental Revolving Loan) from time to time on any Business Day during the period from and including the Closing Restatement Effective Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”; unless the context shall otherwise require, the term “Revolving Loan Commitments” shall include the Incremental Revolving Loan Commitments); provided, however, that, that after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject For the avoidance of doubt, the Revolving Loan Commitments (as of the Restatement Effective Date) are set forth on Schedule 1.1(b) on the Restatement Effective Date after giving effect to the other terms Term Loan Conversion (and conditions hereof, amounts borrowed under this Section 1.1(b) may shall not be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be reduced by the lesser of:amount of the Converted Term Loans).

Appears in 1 contract

Samples: Credit Agreement (Spinal Elements Holdings, Inc.)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section subsection 1.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be equal to the lesser of:Aggregate Revolving Loan Commitment then in effect less, the aggregate amount of Letter of Credit Obligations. If at any time the then outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance, then the Borrower shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Entravision Communications Corp)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding such Lender’s Revolving Loan Commitment, which Revolving Loan Commitments, as of the amount Closing Date, are set forth on Schedule 1 opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b2.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:Aggregate Revolving Loan Commitment then in effect, less the sum of (I) the aggregate amount of Letter of Credit Obligations plus (II) the aggregate principal amount of outstanding Swing Loans. If at any time the then outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance, then the Borrower shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Iteris, Inc.)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make the following Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time in accordance with such Revolving Lender’s Commitment Percentage of the Aggregate Revolving Commitment: (A) incremental new money loans in an amount not to time on any Business Day during exceed $20,000,000 (the period from “New Money Revolving Loans”) and (B) roll-up loans (the Closing Date through “Roll-Up Revolving Loans”) that will be used to pay, in full upon the entry of the Final Availability Order, the principal amount of the Term Out Revolving Loans then outstanding under and as defined in the Pre-Petition Credit Agreement, in each case. The New Money Revolving Loans shall be made in no more than two borrowings: (x) first, on the date the Interim Order is entered (or such later date acceptable to the Agent, which shall not be more than five (5) Business Days following the Petition Date) (the “First Borrowing”) and (y) second, on the date the Final Order is entered (or such later date acceptable to the Required Lenders) (the “Second Borrowing”), in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, after . After giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding ABL Revolving Loans Credit Exposure shall not exceed the Maximum ABL Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:Credit Exposure Amount.

Appears in 1 contract

Samples: Possession Credit Agreement (Radioshack Corp)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the Final Availability Date, in an aggregate principal amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(b1.1(a) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b1.1(a) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:Aggregate Revolving Loan Commitment then in effect less, the aggregate amount of Letter of Credit Obligations. If at any time the then outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance, then Borrower shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Rentech Nitrogen Partners, L.P.)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Revolving Loans to the Borrowers (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) Borrower from time to time on any Business Day during the period from the Closing Date through the Final Availability DateDate in Dollars, in an aggregate amount not to exceed at any time outstanding such Lender’s Revolving Loan Commitment, which Revolving Loan Commitments, as of the amount Closing Date, are set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be equals (i) the lesser of:Aggregate Revolving Loan Commitment then in effect less (ii) the sum of (x) the aggregate amount of Letter of Credit Obligations plus (y) the aggregate principal amount of outstanding Swing Loans.

Appears in 1 contract

Samples: Credit Agreement (R1 RCM Inc.)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount amount, as the same may be reduced or increased from time to time in accordance with this AgreementAgreement (including pursuant to Section 1.12), being referred to herein as such Revolving Lender’s “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section subsection 1.1(b) may be repaid (without premium or penalty except as, and to the extent, set forth in Section 10.4) and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be equal (i) the lesser of:Aggregate Revolving Loan Commitment then in effect less (ii) the sum of (I) the aggregate amount of Letter of Credit Obligations plus (II) the aggregate principal amount of outstanding Swing Loans. If at any time the then outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance, then the Borrower shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (GSE Holding, Inc.)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make in U.S. dollars Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving LoanLoan (if any), a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding such Lender’s Revolving Loan Commitments, which Revolving Loan Commitments, as of the amount Closing Date, are set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:

Appears in 1 contract

Samples: Credit Agreement (Diplomat Pharmacy, Inc.)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the Final Revolving Loan Availability Date, in an aggregate principal amount not to exceed at any time outstanding the amount set forth opposite such Revolving Lender’s name in Schedule 1.1(b1.1(c) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b1.1(c) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:Aggregate Revolving Loan Commitment then in effect less the aggregate amount of Letter of Credit Obligations and the aggregate principal amount of the outstanding Swingline Loans that have been made hereunder. If at any time the then outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance, then Borrowers shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Rentech Nitrogen Partners, L.P.)

The Revolving Credit. (i) Subject to Each Revolving Lender severally agrees, on the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained set forth herein, each Revolving Lender severally and not jointly agrees to make Loans loans to the Borrowers (each such Loan and each Incremental Revolving Loanloan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Effective Date through to the Final Availability Revolving Termination Date, in Dollars and/or one or more Offshore Currencies to the Company or to any Subsidiary Borrower, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite exceeding such Lender’s name in Schedule 1.1(bRevolving Commitment; provided that (a) under the heading “Total Usage shall not at any time exceed the Aggregate Revolving Loan Commitments” Commitment; and (such amount as b) the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing sum of Revolving Loans, (i) the aggregate Dollar Equivalent principal amount of all outstanding Revolving Loans of any Revolving Lender plus (ii) such Revolving Lender’s Pro Rata Share of (x) all outstanding Swing Line Loans, (y) the amount of all L/C Obligations and (z) the Dollar Equivalent principal amount of all Fronted Offshore Currency Commitments shall not at any time exceed the Maximum such Revolving Loan BalanceLender’s Revolving Commitment. Subject to the foregoing and the other terms and conditions hereof, amounts borrowed the Borrowers may borrow under this Section 1.1(b) may be repaid 2.01, prepay under Section 2.10 and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Oshkosh Truck Corp)

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The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Effective Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding such Lender’s Revolving Loan Commitment, which Revolving Loan Commitments, as of the amount Second Amendment Effective Date, are set forth on Schedule 2.1 opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b2.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:Aggregate Revolving Loan Commitment then in effect, less the sum of (I) the aggregate amount of Letter of Credit Obligations plus (II) the aggregate principal amount of outstanding Swing Loans. If at any time the outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance, then the Borrower shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Addus HomeCare Corp)

The Revolving Credit. (i) Subject to Each Bank severally agrees, on the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained hereinhereinafter set forth, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers Company (each such Loan and each Incremental Revolving Loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date through to the Final Availability Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s the Bank's name in Schedule 1.1(b2.01(b) under the heading "Revolving Loan Commitments” Commitment" (such amount as the same may be reduced pursuant to Section 2.05 or increased from time as a result of one or more assignments pursuant to time in accordance with this AgreementSection 11.07, being referred to herein as such Lender’s “the Bank's "Revolving Loan Commitment"); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount Effective Amount of all outstanding Revolving Loans and L/C Obligations together shall not at any time exceed the Maximum Aggregate Revolving Loan BalanceCommitment; and provided further, that the sum of (i) the Effective Amount of the Revolving Loans of any Bank, plus (ii) the participation of such Bank in the Effective Amount of all L/C Obligations, shall not at any time exceed such Bank's Revolving Commitment. Subject Within the limits of each Bank's Revolving Commitment, and subject to the other terms and conditions hereof, amounts borrowed the Company may borrow under this subsection 2.01(b), prepay pursuant to Section 1.1(b) may be repaid 2.06 and reborrowed from time reborrow pursuant to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:this subsection 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Granite Construction Inc)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite of such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section subsection 1.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:Aggregate Revolving Loan Commitment then in effect less the sum of (i) the aggregate amount of Letter of Credit Obligations plus (ii) the aggregate principal amount of outstanding Swing Loans. If at any time the then outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance, then the Borrower shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Metropolitan Health Networks Inc)

The Revolving Credit. (i) Subject to The Lender agrees, on the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained hereinhereinafter set forth, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving Loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date through to the Final Availability Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(bof $15,000,000 (Fifteen Million Dollars) under (the heading “"Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment"); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject Within the limits of the Lender's Revolving Commitment, and subject to the other terms and conditions hereof, amounts borrowed the Borrower may borrow under this Section 1.1(b) may subsection 1.1(a), prepay and reborrow pursuant to this subsection 1.1(a). The "Maximum Revolving Loan Balance" will be repaid and reborrowed the lesser of the sum of the Borrowing Base in effect from time to time plus the face amount of all Letters of Credit outstanding from time to time, or the Revolving Commitment then in effect. The “If at any time the Revolving Loans exceed the Maximum Revolving Loan Balance” from time , Revolving Loans must be repaid immediately in an amount sufficient to time will be the lesser of:eliminate any excess.

Appears in 1 contract

Samples: Credit Agreement (Smithway Motor Xpress Corp)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s 's name in Schedule 1.1(b1.1(a) of the Disclosure Letter under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s 's “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, (x) the aggregate principal amount of all outstanding Aggregate Revolving Loans Exposure shall not exceed the Maximum Borrowing Availability and (y) the Revolving Exposure of any Lender shall not exceed such Lender's Revolving Loan BalanceCommitment. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b1.1(a) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:.

Appears in 1 contract

Samples: Credit Agreement (Furniture Brands International Inc)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers (each such Loan and each including any Incremental Revolving Loan, a “Revolving Loan”) in Dollars from time to time on any Business Day during the period from the Closing Date through the Final Revolving Loan Availability Date, in an aggregate principal amount not to exceed at any time outstanding the amount set forth opposite such Revolving Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” 1.1 (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b1.1(a) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:Aggregate Revolving Loan Commitment then in effect less the aggregate amount of Letter of Credit Obligations. If at any time the then outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance, then Borrowers shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Rentech Nitrogen Partners, L.P.)

The Revolving Credit. (i) Subject to Each Lender with a Revolving Loan Commitment severally and not jointly agrees, on the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained hereinhereinafter set forth, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving Loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date through to the Final Availability Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such the Lender’s 's name in Schedule 1.1(b1.1(a) under the heading "Revolving Loan Commitments” Commitment" (such amount as the same may be reduced or increased from time to time in accordance with this Agreementas a result of one or more assignments pursuant to Section 9.8, being referred to herein as such Lender’s “'s "Revolving Loan Commitment"); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(bsubsection 1.1(a) may be repaid and reborrowed from time to time. The "Maximum Revolving Loan Balance" from time to time will be the lesser of:

Appears in 1 contract

Samples: Credit Agreement (Packaged Ice Inc)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Revolving Loans to the Borrowers (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) Borrower from time to time on any Business Day during the period from the Closing Date through the Final Availability DateDate in Dollars, in an aggregate amount not to exceed at any time outstanding such Lender’s Revolving Loan Commitment, which Revolving Loan Commitments, as of the amount Closing Date, are set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment); provided, however, that, that (i) after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan BalanceBalance and (ii) Revolving Loans borrowed on the Closing Date shall not exceed an aggregate principal amount equal to $60,000,000. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b) may be repaid and reborrowed re-borrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be equals (i) the lesser of:Aggregate Revolving Loan Commitment then in effect less (ii) the sum of (x) the aggregate amount of Letter of Credit Obligations plus (y) the aggregate principal amount of outstanding Swing Loans.

Appears in 1 contract

Samples: Credit Agreement (R1 RCM Inc.)

The Revolving Credit. (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrowers Borrower (each such Loan and each Incremental Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding such Lender’s Revolving Loan Commitment, which Revolving Loan Commitments, as of the amount Closing Date, are set forth on Schedule 2.1 opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans shall not exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this Section 1.1(b2.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:Aggregate Revolving Loan Commitment then in effect, less the sum of (I) the aggregate amount of Letter of Credit Obligations plus (II) the aggregate principal amount of outstanding Swing Loans. If at any time the outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance, then the Borrower shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess.

Appears in 1 contract

Samples: Credit Agreement (Addus HomeCare Corp)

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