U.S. Revolver Loans. Each U.S. Lender agrees, severally on a Pro Rata basis up to its U.S. Revolver Commitment, on the terms set forth herein, to make U.S. Revolver Loans to U.S. Borrowers from time to time through the Commitment Termination Date. The U.S. Revolver Loans may be repaid and reborrowed as provided herein. In no event shall U.S. Lenders have any obligation to honor a request for a U.S. Revolver Loan if (i) U.S. Revolver Usage at such time plus the requested U.S. Revolver Loan would exceed the U.S. Borrowing Base or (ii) the sum of the U.S. Revolver Usage at such time plus the requested U.S. Revolver Loan plus the Canadian Revolver Usage at such time would exceed the aggregate Borrowing Base. Each U.S. Revolver Loan shall be funded and repaid in Available Currency.
U.S. Revolver Loans. Each US Lender agrees, severally (and not jointly) on a Pro Rata basis up to its US Revolver Commitment, on the terms set forth herein, to make US Revolver Loans to Borrowers from time to time through the Revolver Commitment Termination Date. The US Revolver Loans may be repaid and reborrowed as provided herein. In no event shall US Lenders have any obligation to honor a request for a US Revolver Loan if US Revolver Usage at such time plus the requested US Revolver Loan would exceed the US Borrowing Base. Each US Revolver Loan shall be funded and repaid in Dollars.
U.S. Revolver Loans. Immediately prior to the effectiveness of this Agreement, the outstanding principal balance of the “Revolver Loans” as of the date hereof made under the Original Loan Agreement was $0.00 (the “Outstanding Original Revolver Loan Balance”). Immediately upon giving effect to this Agreement, the Outstanding Original Revolver Loan Balance shall be continued and shall convert automatically, for all purposes of this Agreement, to outstanding U.S. Revolver Loans hereunder owing to the U.S. Lenders as if such U.S. Revolver Loans had been made by the U.S. Lenders to U.S. Borrowers hereunder on a Pro Rata basis in accordance with their respective U.S. Revolver Commitments. Each U.S. Lender agrees, severally on a Pro Rata basis up to its U.S. Revolver Commitment, on the terms set forth herein, to make U.S. Revolver Loans to U.S. Borrowers from time to time through the U.S. Commitment Termination Date. The U.S. Revolver Loans may be repaid and reborrowed as provided herein. In no event shall U.S. Lenders have any obligation to honor a request for a U.S. Revolver Loan if U.S. Revolver Usage at such time plus the requested U.S. Revolver Loan would exceed the U.S. Borrowing Base.
U.S. Revolver Loans. Each U.S. Lender agrees, severally on a Pro Rata basis up to its U.S. Revolver Commitment, on the terms set forth herein, to make U.S. Revolver Loans to U.S. Borrowers from time to time through the Commitment Termination Date. The U.S. Revolver Loans may be repaid and reborrowed as provided herein. In no event shall U.S. Lenders have any obligation to honor a request for a U.S. Revolver Loan if U.S. Revolver Usage at such time plus the requested U.S. Revolver Loan would exceed the U.S. Borrowing Base. Each U.S. Lender agrees and acknowledges that it is making U.S. Revolver Loans to U.S. Borrowers based primarily on the U.S. Borrowers’ ability to repay the U.S. Revolver Loans, and not based on the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status of any Dutch Borrower.
U.S. Revolver Loans. Each U.S. Lender agrees, severally on a Pro Rata basis up to its U.S. Revolver Commitment, on the terms set forth herein, to make U.S. Revolver Loans in Dollars to U.S. Borrowers from time to time through the U.S. Revolver Commitment Termination Date. The U.S. Revolver Loans may be repaid and reborrowed as provided herein. In no event shall Lenders have any obligation to honor a request for a U.S. Revolver Loan if the unpaid balance of U.S. Revolver Loans outstanding at such time (including the requested Loan) would exceed the U.S. Borrowing Base. Each U.S. Revolver Loan shall be funded and repaid in Dollars.
U.S. Revolver Loans. Each Lender agrees, severally on a Pro Rata basis up to its Revolver Commitment, on the terms set forth herein, to make U.S. Revolver Loans to U.S. Borrower from time to time through the Commitment Termination Date. The U.S. Revolver Loans may be repaid and reborrowed as provided herein. In no event shall Lenders have any obligation to honor a request for a U.S. Revolver Loan if, after giving effect thereto, (i) the aggregate principal amount of all U.S. Revolver Loans and all U.S. LC Obligations would exceed the lesser of the U.S. Borrowing Base or the Revolver Commitment, or (ii) the aggregate principal amount of all Revolver Loans and Information in this exhibit marked [CONFIDENTIAL TREATMENT REQUESTED] has been omitted and will be filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Confidential treatment has been requested with respect to the omitted portions. all LC Obligations would exceed the lesser of the Aggregate Borrowing Base or the Revolver Commitment.
U.S. Revolver Loans. Each US Lender agrees, severally (and not jointly) on a Pro Rata basis up to its US Revolver Commitment, on the terms set forth herein, to make US Revolver Loans to Borrowers from time to time through the Revolver Commitment Termination Date. The US Revolver Loans may be repaid and reborrowed as provided herein. In no event shall US Lenders have any obligation to honor a request for a US Revolver Loan if US Revolver Usage at such time plus the requested US Revolver Loan would exceed the US Borrowing Base. Each US Revolver Loan shall be funded and repaid in Dollars. Notwithstanding anything to the contrary in this Agreement, all US Revolver Loans outstanding from time to time up to the US FILO Amount (until the US FILO Amount is $0) shall be deemed to be US FILO Loans.
U.S. Revolver Loans. Subject to the terms and conditions set forth herein, each US Revolver Lender severally agrees to make loans (each such loan, a “US Revolver Loan”) to the US Borrower, denominated in Dollars, from time to time on any Business Day during the US Revolver Availability Period, in an aggregate principal amount that will not result in (i) such Lender’s US Revolver Exposure exceeding such Lender’s US Revolver Commitment, or (ii) the Total US Revolver Exposure exceeding the US Revolver Maximum Available Amount. Within the foregoing limits and subject to the other terms and conditions set forth herein, the US Borrower may borrow, prepay and reborrow US Revolver Loans. US Revolver Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
U.S. Revolver Loans. Each US Lender agrees, severally on a Pro Rata basis up to its US Revolver Commitment, on the terms set forth herein, to make loans to the US Borrower in Dollars from time to time through the US Commitment Termination Date. Such loans may be repaid and reborrowed as provided herein. Other than as set forth in Section 2.1.4, the US Borrower shall not request, and the US Lenders shall not have any obligation to honor a request for, a US Revolver
U.S. Revolver Loans. Subject to the terms and conditions set forth in this Agreement, each of the Revolver Banks severally agrees to lend to the US Borrowers and the US Borrowers may borrow, repay, and reborrow from time to time between the Closing Date and the Maturity Date upon notice by the US Borrowers to the Agent given in accordance with Section 2.6(a), such sums in Dollars as are requested by the US Borrowers up to a maximum aggregate principal amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Revolver Commitment, minus such Bank's Revolver Percentage of the sum of the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, provided that the sum of the outstanding amount of the US Revolver Loans (after giving effect to all amounts requested) plus the Dollar Equivalent of the outstanding amount of the Norwegian Revolver Loans plus the Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the Total Revolver Commitment. The US Revolver Loans shall be made pro rata in accordance with each Revolver Bank's Revolver Percentage. Each request for a US Revolver Loan hereunder shall constitute a representation and warranty by the US Borrowers that the conditions set forth in Section 11 and Section 12 hereof, in the case of the initial US Revolver Loans to be made on the Closing Date, and Section 12 hereof, in the case of all other US Revolver Loans, have been satisfied on the date of such request. The parties hereto hereby agree that, on and as of the Closing Date, the loans outstanding under the Existing Credit Agreement shall become US Revolver Loans hereunder.
