Tranche A-1 Revolver Loans Sample Clauses

Tranche A-1 Revolver Loans. Each Tranche A-1 Lender agrees, severally on a Pro Rata basis up to its Tranche A-1 Revolver Commitment, on the terms set forth herein, to make Tranche A-1 Revolver Loans to Borrowers from time to time through the Commitment Termination Date. The Tranche A-1 Revolver Loans may be repaid and reborrowed as provided herein. In no event shall the Tranche A-1 Lenders have any obligation to honor a request for a Tranche A-1 Revolver Loan if (i) the unpaid balance of Tranche A-1 Revolver Loans outstanding at such time (including the requested Tranche A-1 Revolver Loan) would exceed the Tranche A-1 Borrowing Base or (ii) the unpaid balance of all Loans outstanding at such time (including the requested Loan) would exceed Excess Availability. The credit facility provided under the Tranche A-1 Revolver Commitments hereunder is funded on a first-in basis and repaid on a last-out basis, all as provided herein.
Sample 1
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Tranche A-1 Revolver Loans. Each Tranche A-1 Lender agrees, severally on a Pro Rata basis up to its Tranche A-1 Revolver Commitment, on the terms set forth herein, to make Tranche A-1 Revolver Loans to Borrowers from time to time through the Commitment Termination Date. The Tranche A-1 Revolver Loans may be repaid and reborrowed as provided herein. In no event shall the Tranche A-1 Lenders have any obligation to honor a request for a Tranche A-1 Revolver Loan if (i) the unpaid balance of Tranche A-1 Revolver Loans outstanding at such time (including the requested Tranche A-1 Revolver Loan) would exceed the Tranche A-1 Borrowing Base or (ii) the unpaid balance of all Loans outstanding at such time (including the requested Loan) would exceed Excess Availability.
Sample 1
Tranche A-1 Revolver Loans. Each Tranche A-1 Lender agrees, severally on a Pro Rata basis upin an amount equal to its Tranche A-1 Revolver Commitment, on the terms set forth herein and in the Fourth Amendment, to make Tranche A-1 Revolver Loans to Borrowers from time to time through the Commitment Terminationon the Fourth Amendment Closing Date. The Tranche A-1 Revolver Loans that are repaid or prepaid may not be repaid and reborrowed as provided herein. In no event shall the Tranche A-1 Lenders have any obligation to honor a request for a Tranche A-1 Revolver Loan if (i) the unpaid balance of Tranche A-1 Revolver Loans outstanding at such time (including the requested Tranche A-1 Revolver Loan) would exceed the Tranche A-1 Borrowing Base at such time or (ii) the unpaid balance of all Loans outstanding and the aggregate amount of all LC Obligations outstanding at such time (including the requested Loan) would exceed Excess Availability at such time. The credit facility provided under the Tranche A-1 Revolver Commitments hereunder is funded on a first-in basis and repaid on a last-out basis, all as provided hereinreborrowed.
Sample 1
Tranche A-1 Revolver Loans. Each Tranche A-1 Lender agrees, severally in an amount equal to its Tranche A-1 Revolver Commitment, on the terms set forth herein and in the Fourth Amendment, to make Tranche A-1 Revolver Loans to Borrowers on the Fourth Amendment Closing Date. The Tranche A-1 Revolver Loans that are repaid or prepaid may not be reborrowed.
Sample 1

Related to Tranche A-1 Revolver Loans

  • Revolver Loans Each Lender agrees, severally on a Pro Rata basis up to its Revolver Commitment, on the terms set forth herein, to make Revolver Loans to Borrowers from time to time through the Commitment Termination Date. The Revolver Loans may be repaid and reborrowed as provided herein. In no event shall Lenders have any obligation to honor a request for a Revolver Loan if the unpaid balance of Revolver Loans outstanding at such time (including the requested Loan) would exceed the Borrowing Base.

  • Repayment of Revolver Loans Revolver Loans shall be due and payable in full on the Revolver Termination Date, unless payment is sooner required hereunder. Revolver Loans may be prepaid from time to time, without penalty or premium. If any Asset Disposition includes the disposition of Accounts or Inventory, then Net Proceeds equal to the greater of (a) the net book value of such Accounts and Inventory, or (b) the reduction in the Borrowing Base upon giving effect to such disposition, shall be applied to the Revolver Loans. Notwithstanding anything herein to the contrary, if an Overadvance exists, Borrowers shall, on the sooner of Agent’s demand or the first Business Day after any Borrower has knowledge thereof, repay the outstanding Revolver Loans in an amount sufficient to reduce the principal balance of Revolver Loans to the Borrowing Base.

  • Revolver Advances (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Revolver Commitment agrees (severally, not jointly or jointly and severally) to make revolving loans (“Advances”) to Borrower in an amount at any one time outstanding not to exceed the lesser of:

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

  • Making Revolving Credit Loans The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the Borrower and the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower in U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m., on the applicable Borrowing Date; provided that if any Lender fails to remit such funds to the Administrative Agent in a timely manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loans of such Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6.2 [Presumptions by the Administrative Agent].

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

  • Revolving Credit Loans The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders on the applicable Maturity Date for the Revolving Credit Facilities of a given Class the aggregate principal amount of all of its Revolving Credit Loans of such Class outstanding on such date.

  • Interest on Revolving Credit Loans Except as otherwise provided in Section 5.11,

  • 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.

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