Common use of BACKGROUND STATEMENT Clause in Contracts

BACKGROUND STATEMENT. The Borrower has requested that the Lenders make available to the Borrower a revolving credit facility in the aggregate principal amount of $100,000,000, subject to the availability provisions hereof. The Borrower will use the proceeds of these facilities as provided in Section 2.14. The Lenders are willing to make available to the Borrower the credit facilities described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Swisher Hygiene Inc.), Credit Agreement (Swisher Hygiene Inc.)

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BACKGROUND STATEMENT. The Borrower has requested that the Lenders make available to the Borrower a revolving credit facility in the aggregate principal amount of $100,000,000, subject to the availability provisions hereof. The Borrower will use the proceeds of these facilities as provided in Section 2.14400,000,000. The Lenders are willing to make available to the Borrower the revolving credit facilities described facility provided for herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Unum Group), Credit Agreement (Unum Group)

BACKGROUND STATEMENT. The Borrower has requested that the Lenders make available to the Borrower a revolving credit facility in the aggregate principal amount of $100,000,000, subject to the availability provisions hereof. The Borrower will use the proceeds of these facilities as provided in Section 2.14250,000,000. The Lenders are willing to make available to the Borrower the revolving credit facilities described facility provided for herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Unum Group)

BACKGROUND STATEMENT. The Borrower has requested that the Lenders make available to the Borrower a revolving credit facility in the aggregate principal amount of $100,000,000, subject to the availability provisions hereof. The Borrower will use the proceeds of these facilities as provided in Section 2.14200,000,000. The Lenders are willing to make available to the Borrower the revolving credit facilities facility described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Empire District Electric Co)

BACKGROUND STATEMENT. The Borrower has requested that the Lenders make available to the Borrower a revolving credit facility in the aggregate principal amount of $100,000,000, subject to the availability provisions hereof40,000,000. The Borrower will use the proceeds of these facilities as provided in Section 2.14. The Lenders are willing to make available to the Borrower the credit facilities described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Krispy Kreme Doughnuts Inc)

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BACKGROUND STATEMENT. The Borrower has Borrowers (as hereinafter defined) have requested that the Lenders make available to the Borrower Borrowers a revolving credit facility in the aggregate principal amount of $100,000,000325,000,000, subject to the availability provisions hereofwith sublimits for certain Borrowers as hereinafter set forth. The Borrower Borrowers will use the proceeds of these facilities as provided in Section 2.14. The Lenders are willing to make available to the Borrower Borrowers the credit facilities described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Crawford & Co)

BACKGROUND STATEMENT. The Borrower has Borrowers have requested that the Lenders make available to the Borrower Borrowers a revolving credit facility in the aggregate principal amount of $100,000,000, subject to the availability provisions hereof. The Borrower Borrowers will use the proceeds of these facilities as provided in Section 2.146.11. The Lenders are willing to make available to the Borrower Borrowers the credit facilities described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Manning & Napier, Inc.)

BACKGROUND STATEMENT. The Borrower Borrowers haveBorrower has requested that the Lenders make available to the Borrower a revolving credit facility to the BorrowersBorrower in the aggregate principal amount of $100,000,000, subject to the availability provisions hereof3,000,000,000.3,400,000,000. The Borrower BorrowersBorrower will use the proceeds of these facilities as provided in Section 2.145.4. The Lenders are willing to make available to the Borrower BorrowersBorrower the credit facilities described herein subject to and on the terms and conditions set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Intercontinental Exchange, Inc.)

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