Total Commitments. The sum at any time of (i) the aggregate principal amount of all Loans outstanding at any time, (ii) the aggregate amount available for drawing under all Letters of Credit then outstanding and (iii) the aggregate amount of all Reimbursement Obligations then outstanding shall not exceed One Hundred Million Dollars ($100,000,000) (the "Total Commitment") or if such amount is reduced pursuant to Subparagraph 2.03(b), the amount to which so reduced and in effect at such time. The sum at any time of (x) the aggregate principal amount of all Loans outstanding at any time made by each Lender, (y) each Lender's Proportionate Share of the aggregate amount available for drawing under all Letters of Credit then outstanding, and (z) each Lender's Proportionate Share of the aggregate amount of all Reimbursement Obligations then outstanding shall not exceed each such Lender's Commitment at such time.
Appears in 2 contracts
Sources: Annual Report, Credit Agreement (Lam Research Corp)
Total Commitments. The sum at any time of (i) the aggregate principal amount of all Loans outstanding at any time, (ii) the aggregate amount available for drawing under all Letters of Credit then outstanding and (iii) the aggregate amount of all Reimbursement Obligations then outstanding shall not exceed One Two Hundred Ten Million Dollars ($100,000,000210,000,000) (the "Total CommitmentTOTAL COMMITMENT") or if such amount is reduced pursuant to Subparagraph SUBPARAGRAPH 2.03(b), the amount to which so reduced and in effect at such time. The sum at any time of (x) the aggregate principal amount of all Loans outstanding at any time made by each Lender, (y) each Lender's Proportionate Share of the aggregate amount available for drawing under all Letters of Credit then outstanding, and (z) each Lender's Proportionate Share of the aggregate amount of all Reimbursement Obligations then outstanding shall not exceed each such Lender's Commitment at such time.
Appears in 1 contract
Sources: Credit Agreement (Lam Research Corp)