U.S. Committed Loans Clause Samples
U.S. Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans in U.S. Dollars (each such loan, a “U.S. Committed Loan”) to the U.S. Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the U.S. Commitment of such Lender; provided, however, that after giving effect to any U.S. Committed Borrowing, (i) the Total U.S. Outstandings shall not exceed the Aggregate U.S. Commitments, and (ii) the aggregate Outstanding Amount of the U.S. Committed Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all U.S. L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all U.S. Swing Line Loans shall not exceed the U.S. Commitment of such Lender. Within the limits of the U.S. Commitment of each Lender, and subject to the other terms and conditions hereof, the U.S. Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. U.S. Committed Loans may be U.S. Base Rate Committed Loans or U.S. Eurodollar Rate Committed Loans, as further provided herein.
U.S. Committed Loans. Subject to the terms and conditions set forth herein, each U.S. Lender severally agrees to make loans (each such loan, a “U.S. Committed Loan”) to each U.S. Borrower in Dollars or in one or more Alternative Currencies of the U.S. Tranche, subject to Section 2.2, from time to time, on any Business Day during the Availability Period, under the U.S. Tranche, in an aggregate amount not to exceed at any time outstanding the amount of such U.S. ▇▇▇▇▇▇’s U.S. Commitment; provided that after giving effect to any U.S. Committed Borrowing, (a) the U.S. Total Outstandings shall not exceed the U.S. Aggregate Commitments and (b) the U.S. Credit Exposure of any U.S. Lender shall not exceed such U.S. Lender’s U.S. Commitment. Within the limits of each U.S. ▇▇▇▇▇▇’s U.S. Commitment, U.S. Borrowers may borrow under this Section 2.1, prepay under Section 2.6 and reborrow under this Section 2.1. U.S. Committed Loans denominated in Dollars may be Base Rate Loans, Daily Simple SOFR Rate Loans or Term SOFR Rate Loans; U.S. Committed Loans denominated in Canadian Dollars may be Daily Compounded ▇▇▇▇▇ Loans; U.S. Committed Loans denominated in Pesos may be TIIEF Rate Loans; U.S. Committed Loans denominated in Sterling may be Daily Floating Rate Loans; U.S. Committed Loans denominated in Yen may be TIBOR Rate Loans (or solely upon the occurrence of an event described in Section 7.2 or 7.3, TONAR Rate Loans, as further provided herein) and U.S. Committed Loans denominated in Euro may be Eurocurrency Rate Committed Loans based on EURIBOR Rate. U.S. Committed Loans denominated in Pesos may only be requested by a Domestic Borrower under the U.S. Tranche.
U.S. Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a "US Committed Loan") to the US Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the US Commitment of such Lender; provided, however, that after giving effect to any US Committed Borrowing, (i) the Total US Outstandings shall not exceed the Aggregate US Commitments, and (ii) the aggregate Outstanding Amount of the US Committed Loans of any Lender, plus such Lender's Pro Rata Share of the Outstanding Amount of all US L/C Obligations, plus such Lender's Pro Rata Share of the Outstanding Amount of all US Swing Line Loans shall not exceed the US Commitment of such Lender. Within the limits of the US Commitment of each Lender, and subject to the other terms and conditions hereof, the US Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. US Committed Loans may be US Base Rate Loans or US Eurodollar Rate Committed Loans, as further provided herein.