Amount and Nature of Credit. (a) Subject to the terms and conditions of this Agreement, the Lenders, during the Commitment Period and to the extent hereinafter provided, shall make Loans to Borrower, participate in Swing Loans made by the Swing Line Lender to Borrower, and issue or participate in Letters of Credit at the request of Borrower, in such aggregate amount as Borrower shall request pursuant to the Commitment; provided, however, that in no event shall the Revolving Credit Exposure be in excess of the Total Commitment Amount.
Amount and Nature of Credit. Subject to the terms and conditions of this Agreement, each Bank shall participate, to the extent hereinafter provided, in making Loans to Borrowers in such aggregate amount as Borrowers shall request pursuant to the Commitment; provided, however, that in no event shall the aggregate principal amount of all Loans outstanding under this Agreement be in excess of the Total Commitment Amount. Each Bank, for itself and not one for any other, agrees to participate in Loans made hereunder during the Commitment Period on such basis that immediately after the completion of any borrowing by Borrowers, (a) the aggregate principal amount of Loans (other than Swing Loans) then outstanding made by such Bank shall not be in excess of such Bank’s Revolving Commitment, and (b) the aggregate principal amount of Loans (other than Swing Loans) outstanding made by such Bank shall represent that percentage of the aggregate principal amount then outstanding of all Loans that is such Bank’s Commitment Percentage. Each borrowing (other than Swing Loans) from the Banks hereunder shall be made pro rata according to the respective Commitment Percentages of the Banks. The Loans may be made as Revolving Loans and Swing Loans as follows:
Amount and Nature of Credit. Subject to the terms and conditions of this Agreement, each Lender will, to the extent hereinafter provided, make Loans to Borrowers, and participate in Letters of Credit issued at the request of Borrowers, in such aggregate amount as Borrowers shall request pursuant to the Commitment; provided, however, that in no event shall the aggregate principal amount of all Loans and Letter of Credit Exposure outstanding under this Agreement be in excess of the Total Commitment Amount. Each Lender, for itself and not for any other Lender, agrees to make Loans and to participate in Letters of Credit issued hereunder during the Commitment Period on such basis that (a) immediately after the completion of any borrowing by Borrowers or issuance of a Letter of Credit hereunder, the aggregate principal amount then outstanding on the Loans held by such Lender, when combined with such Lender’s Pro Rata Share of the Letter of Credit Exposure, shall not be in excess of the Maximum Amount for such Lender, (b) the aggregate principal amount outstanding of all outstanding Revolving Loans held such Lender shall represent that percentage of the aggregate principal amount then outstanding on all Revolving Loans (including the Revolving Loans held by such Lender) which is not in excess of such Lender’s Applicable Commitment Percentage with respect thereto; and (c) such aggregate principal amount outstanding on the Loans held such Lender shall represent that percentage of the aggregate principal amount then outstanding on all Loans (including the Loans held by such Lender) that is not in excess of such Lender’s Aggregate Commitment Percentage. Each borrowing from the Lenders hereunder shall be made on a Pro Rata Basis according to the Lenders’ respective Applicable Commitment Percentages. The Loans may be made as Revolving Loans and Letters of Credit may be issued, as follows:
Amount and Nature of Credit. Subject to the terms and conditions set forth in this Agreement, each of the Lenders hereby establishes a facility pursuant to which Revolving Credit Loans shall be available to the Borrowers on a revolving credit basis in an amount, in the aggregate as to all of the Lenders, not to exceed the Total Commitment Amount, of which an amount not to exceed the LC Sublimit shall be available for the issuance of Letters of Credit.
Amount and Nature of Credit. (a) Subject to the terms and conditions of this Agreement, the Lenders, during the Commitment Period and to the extent hereinafter provided, shall make Revolving Loans to the Borrower, participate in Swingline Loans made by the Swingline Lender to the Borrower, and issue or participate in Letters of Credit at the request of the Borrower, in such aggregate amount as the Borrower shall request pursuant to the Revolving Credit Commitment; provided that in no event shall the aggregate principal amount of all Loans and Letters of Credit outstanding under this Agreement be in excess of the Total Commitment Amount.
Amount and Nature of Credit. Subject to the terms and conditions of this Agreement, each Bank will participate to the extent hereinafter provided in making the Term Loan to Borrower, pursuant to the Term Loan Commitments; provided, however, that in no event shall the aggregate principal amount of the Term Loan be in excess of the Total Commitment Amount. Each Bank, for itself and not one for any other, agrees to participate in making the Term Loan on such basis that (a) immediately after the making of the Term Loan to Borrower hereunder, the aggregate principal amount then outstanding on the Note issued to such Bank shall not be in excess of the Term Loan Commitment Amount for such Bank, and (b) such aggregate principal amount outstanding on the Note issued to such Bank shall represent that percentage of the aggregate principal amount then outstanding on all Notes (including the Note held by such Bank) that is such Bank's Term Loan Commitment Percentage. Subject to the terms and conditions of this Agreement, the Banks shall make the Term Loan to Borrower on the Closing Date, in the aggregate amount of the Term Loan Commitments. To evidence the Term Loan, Borrower shall execute and deliver to each Bank a Term Note, in the form of Exhibit A hereto. The Term --------- Loan shall be payable in full on the Maturity Date. Borrower shall notify Agent, in accordance with the notice provisions of Section 2.2 hereof, whether the Term Loan will bear interest at the Prime Rate Option or one or more LIBOR Rate Options. The Term Loan may be a mixture of a Prime Rate Option and LIBOR Rate Options. At the request of Borrower to Agent, subject to the applicable notice and other provisions of Section 2.2 hereof, the Banks shall change all or any part of the Prime Interest Segment to a LIBOR Rate Option at any time and shall change any LIBOR Interest Segment to a Prime Rate Option on the Interest Adjustment Date applicable to such LIBOR Interest Segment. With respect to the Prime Interest Segment, if any, Borrower shall pay interest on the unpaid principal amount thereof outstanding from time to time from the date thereof until paid, commencing June 30, 2000, and continuing on the last day of each succeeding September, December, March and June thereafter and at the maturity thereof, at the Derived Prime Rate from time to time in effect. With respect to each LIBOR Interest Segment, Borrower shall pay interest on the unpaid principal amount thereof outstanding from time to time from the date thereof until...
Amount and Nature of Credit. Subject to the terms and conditions of this Agreement, the Banks will participate to the extent hereinafter provided in making Loans to Borrower, in such aggregate amount as Borrower shall request pursuant to the Commitment; provided, however, that in no event shall the aggregate outstanding principal amount of all Loans exceed the Total Commitment Amount. The Loans shall be made as follows:
Amount and Nature of Credit. Subject to the terms and conditions of this Agreement each Lender will participate to the extent hereinafter provided in making Loans to the Company in such aggregate amounts as the Company shall request; provided, however, that in no event shall the aggregate principal amount of all Loans outstanding under this Agreement during the Commitment Period be in excess of the Commitments which, on the date hereof, total Five Hundred Ninety-Eight Million Four Hundred Thousand Dollars ($598,400,000).
Amount and Nature of Credit. Subject to the terms and conditions of this Agreement, Lender shall make Revolving Loans to Borrower at the request of Borrower, in such aggregate amount as Borrower shall request pursuant to the Revolving Credit Commitment; provided, however, that in no event shall the aggregate principal amount of all Revolving Loans outstanding under this Agreement be in excess of the Revolving Credit Commitment. The Revolving Loans may be made as follows: Subject to the terms and conditions of this Agreement, during the Revolving Credit Commitment Period, Lender shall make a Revolving Loan or Revolving Loans to Borrower in such amount or amounts as Borrower may from time to time request, but not exceeding in aggregate principal amount at any time outstanding hereunder the Revolving Credit Commitment. Such Revolving Loans shall be made by wire transfer of immediately available funds within two business days of Borrower’s delivery to Lender of a request for a Revolving Loan in compliance with this Agreement.
Amount and Nature of Credit. (a) Subject to the terms and conditions of this Agreement, the Lenders, during the applicable Commitment Periods and to the extent hereinafter provided, shall make Loans to Borrowers, participate in Swing Loans made by the Swing Line Lender to Core Molding and issue or participate in Letters of Credit and the IDRB Letter of Credit at the request of Administrative Borrower, in such aggregate amount as Borrowers shall request pursuant to the Commitment; provided that in no event shall the aggregate principal amount of all Loans, Letters of Credit and the IDRB Letter of Credit outstanding under this Agreement be in excess of the Total Commitment Amount.
