U.S. Revolving Credit Loans Sample Clauses

U.S. Revolving Credit 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. Revolving Credit Loan”) to U.S. Borrower from time to time, on any U.S. Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such U.S. Lender’s U.S. Revolving Credit Commitment; provided, however, that after giving effect to any U.S. Committed Borrowing, (i) the Total U.S. Revolving Credit Outstandings shall not exceed the lesser of (x) the Aggregate U.S. Revolving Credit Commitments, or (y) the U.S. Borrowing Base, and (ii) the aggregate Outstanding Amount of the U.S. Revolving Credit Loans of any U.S. Lender, plus such U.S. Lender’s Applicable Percentage of the Outstanding Amount of all U.S. L/C Obligations, plus such Lender’s Applicable Revolving Credit/Committed Loan Percentage of the Outstanding Amount of all U.S. Swing Line Loans shall not exceed such U.S. Lender’s U.S. Revolving Credit Commitment. Within the limits of each U.S. Lender’s U.S. Revolving Credit Commitment, and subject to the other terms and conditions hereof, U.S. Borrower may borrow under this Section 2.01(b), prepay under Section 2.06, and reborrow under this Section 2.01(b). U.S. Revolving Credit Loans shall be denominated in U.S. Dollars and may be comprised of Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
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U.S. Revolving Credit Loans. Subject to the terms and conditions ------------------------- set forth in this Credit Agreement, each of the US Revolving Credit Banks severally agrees (a) on the Closing Date, to convert the loans and letters of credit outstanding under the Prior Credit Agreement, if any, to US Revolving Credit Loans and Letters of Credit under this Credit Agreement and (ii) to lend to the US Borrower and the US Borrower may borrow, repay, and reborrow from time to time between the Closing Date and the Maturity Date upon notice by the US Borrower to the Administrative Agent given in accordance with (S)2.8, such sums in Dollars and/or, subject to (S)2.11 hereof, in an Optional Currency, as are requested by the US Borrower up to a maximum aggregate principal amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's US Commitment, minus the amount of such Bank's US Commitment 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 Revolving Credit Loans (after giving effect to all amounts requested) plus the Maximum Drawing ---- Amount and all Unpaid Reimbursement Obligations does not exceed the Total US Commitment; further provided, that the sum of the outstanding amount of ------- -------- the US Revolving Credit Loans (after giving effect to all amounts requested) plus the Maximum Drawing Amount and all ----
U.S. Revolving Credit Loans. On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees to make loans to the U.S. Borrower in Dollars (each such loan, a “U.S. Revolving Credit Loan”) from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Termination Date, in an aggregate principal amount at any time outstanding for all such U.S. Revolving Credit Loans by such Revolving Credit Lender not to exceed such Revolving Credit Lender’s Revolving Credit Commitment; provided, however that at no time shall any Lender be obligated to make a U.S. Revolving Credit Loan to the U.S. Borrower in excess of such Revolving Credit Lender’s Ratable Portion of the U.S.
U.S. Revolving Credit Loans. The following provisions shall apply to the US Revolving Credit Loans and the rights and obligations of the US Funding Bank and the US Risk Participants therein:
U.S. Revolving Credit Loans. U.S. Borrower shall repay to U.S. Revolving Credit Lenders on the Maturity Date the aggregate principal amount of U.S. Revolving Credit Loans outstanding to U.S. Borrower on such date.
U.S. Revolving Credit Loans. The Company shall repay to the Administrative Agent for the ratable benefit of the U.S. Revolving Credit Lenders on the Maturity Date for the U.S. Revolving Credit Facility the aggregate principal amount of all U.S. Revolving Credit Loans outstanding on such date.
U.S. Revolving Credit Loans. Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each US Bank severally agrees to make US Revolving Credit Loans in either Dollars or one or more US Optional Currencies to the US Borrowers at any time or from time to time on or after the date hereof to the Expiration Date, provided that after giving effect to such US Revolving Credit Loan (i) the aggregate Dollar Equivalent Amount of US Revolving Credit Loans from such US Bank shall not exceed such US Bank's Revolving Credit Commitment minus such US Bank's US Ratable Share or, if applicable, such US Bank's US Funded Percentage of the Dollar Equivalent Amount of US Letters of Credit Outstanding, (ii) the US Revolving Facility Usage shall not exceed the US Revolving Credit Commitments, (iii) the Consolidated Facility Usage shall not exceed the US Revolving Credit Commitments, (iv) for any US Bank which is also a Canadian Bank, the sum of such US Bank's US Revolving Facility Usage and Canadian Revolving Facility Usage shall not exceed such Bank's US Revolving Credit Commitment, and (v) no US Revolving Credit Loan to which the Base Rate Option applies shall be made in a US Optional Currency. Within such limits of time and amount and subject to the other provisions of this Agreement, the US Borrowers may borrow, repay and reborrow pursuant to this Section 2.1.1. If not sooner paid, the entire principal balance of all outstanding US Revolving Credit Loans shall be immediately due and payable on the Expiration Date, without notice, presentment or demand of any kind.
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U.S. Revolving Credit Loans. Each US Bank shall be obligated to participate in each request for US Revolving Credit Loans pursuant to Section 2.4.1 [US Loan Requests] in accordance with its US Ratable Share or, if applicable, such US Bank's US Funded Percentage. The aggregate Dollar Equivalent Amount of each US Bank's US Revolving Credit Loans outstanding hereunder to the US Borrowers at any time shall never exceed its US Revolving Credit Commitment minus its US Ratable Share of the outstanding US Swing Loans and the Dollar Equivalent Amount of the US Letters of Credit Outstanding. The obligations of each US Bank hereunder are several. The failure of any US Bank to perform its obligations hereunder shall not affect the US Obligations of any US Borrower to any other party nor shall any other party be liable for the failure of such US Bank to perform its obligations hereunder. The US Banks shall have no obligation to make US Revolving Credit Loans hereunder on or after the Expiration Date.
U.S. Revolving Credit Loans. Unless the Administrative Agent shall have received notice from a US Bank prior to the proposed date of any US Revolving Credit Loan that such US Bank will not make available to the Administrative Agent such US Bank's share of such US Revolving Credit Loan, the Administrative Agent may assume that such US Bank has made such share available on such date in accordance with Section 2.5.1 [Making US Revolving Credit Loans] and may, in reliance upon such assumption, make available to the US Borrowers a corresponding amount. In such event, if a US Bank has not in fact made its share of the applicable US Revolving Credit Loan available to the Administrative Agent, then the applicable US Bank and the US Borrowers severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the US Borrowers to but excluding the date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such US Bank, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation and (ii) in the case of a payment to be made by the US Borrowers, the interest rate applicable to US Revolving Credit Loans under the Base Rate Option. If such US Bank pays its share of the applicable US Revolving Credit Loan to the Administrative Agent, then the amount so paid shall constitute such US Bank's US Revolving Credit Loan. Any payment by the US Borrowers shall be without prejudice to any claim the US Borrowers may have against a US Bank that shall have failed to make such payment to the Administrative Agent.
U.S. Revolving Credit Loans. Notwithstanding anything contained herein to the contrary, the entire amount of principal of and interest on any US Revolving Credit Loan made in a US Optional Currency shall be repaid in the same US Optional Currency in which such Loan was made; provided, however, that if it is impossible or illegal for the US Borrowers to effect payment of a US Revolving Credit Loan in the US Optional Currency in which such US Revolving Credit Loan was made, or if the US Borrowers default in their obligations to do so, the Required Banks may at their option permit such payment to be made (i) at and to a different location, subsidiary, affiliate or correspondent of the Administrative Agent, (ii) in the Dollar Equivalent Amount, or (iii) in an Equivalent Amount of such other currency (freely convertible into Dollars) as the Required Banks may solely at their option designate. Upon any events described in (i) through (iii) of the preceding sentence, the US Borrowers shall make such payment and the US Borrowers agree to hold each US Bank harmless from and against any loss incurred by any US Bank arising from the cost to such US Bank of any premium, any costs of exchange, the cost of hedging and covering the US Optional Currency in which such US Revolving Credit Loan was originally made, and from any change in the value of Dollars, or such other currency, in relation to the US Optional Currency that was due and owing. Such loss shall be calculated for the period commencing with the first day of the LIBOR Interest Period for such US Revolving Credit Loan and continuing through the date of payment thereof. Without prejudice to the survival of any other agreement of the US Borrowers hereunder, the US Borrowers' obligations under this Section 2.15 shall survive termination of this Agreement.
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