Credit Commitment. Each Revolving Credit Lender shall, to the extent of its Revolving Credit Percentage of the Revolving I Credit Commitment, be deemed irrevocably to have participated in the issuance of such Revolving Credit Letter of Credit and shall be responsible to reimburse promptly the Issuer thereof for Reimbursement Obligations which have not been reimbursed by the Revolving Credit Borrowers in accordance with Section 4.5, or which have been reimbursed by the Revolving Credit Borrowers but must be returned, restored or disgorged by such Issuer for any reason, and each Revolving Credit Lender shall, to the extent of its Revolving Credit Percentage of the Revolving I Credit Commitment Amount, be entitled to receive from the Administrative Agent a ratable portion of the Revolving Credit Letter of Credit fees received by the Administrative Agent pursuant to Section 3.3.3, with respect to each Revolving Credit Letter of Credit. In the event that the Revolving Credit Borrowers shall fail to reimburse any Issuer, or if for any reason Revolving I Credit Loans shall not be made to fund any Reimbursement Obligation, all as provided in Section 4.5 and in an amount equal to the amount of any drawing honored by such Issuer under a Revolving Credit Letter of Credit issued by it, or in the event such Issuer must for any reason return or disgorge such reimbursement, such Issuer shall promptly notify each Revolving Credit Lender with a Revolving I Credit Commitment of the unreimbursed amount of such drawing and of such Revolving Credit Lender's respective participation therein. Each Revolving Credit Lender shall make available to such Issuer, whether or not any Default shall have occurred and be continuing, an amount equal to its respective participation in same day or immediately available funds at the office of such Issuer specified in such notice not later than 11:00 a.m., New York City time, on the Business Day (under the laws of the jurisdiction of such Issuer) after the date notified by such Issuer. In the event that any Revolving Credit Lender fails to make available to such Issuer the amount of such Revolving Credit Lender's participation in such Revolving Credit Letter of Credit as provided herein, such Issuer shall be entitled to recover such amount on demand from such Revolving Credit Lender together with interest at the daily average Federal Funds Rate for three Business Days (together with such other compensatory amounts as may be required to be paid by such Revolving C...
Credit Commitment. During the Revolving Credit Commitment Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
Credit Commitment. On the terms and subject to the conditions set forth in this Agreement, Bank agrees to make revolving credit available and Letters of Credit available to Borrowers from time to time prior to the Revolving Credit Termination Date with respect to revolving credit loans and the Letter of Credit Termination Date with respect to Letters of Credit, in such aggregate amounts as Borrowers may from time to time request but in no event exceeding Nine Million Six Hundred Thousand Dollars ($9,600,000) in the aggregate (the "Revolving Credit Commitment"); provided, however, that in no event shall the aggregate amount of Letters of Credit outstanding at any one time exceed the Letter of Credit Limit. The Revolving Credit Commitment shall be available to Borrowers by means of Loans, it being understood that the Loans may be repaid and used again during the period from the date hereof to and including the Revolving Credit Termination Date, at which time the Revolving Credit Commitment shall expire. Notwithstanding the foregoing, the Revolving Credit Commitment shall be permanently reduced to Six Million Six Hundred Thousand Dollars ($6,600,000) upon the earlier to occur of (i) Borrowers' sale and Bank's release of its liens on the Fife Mortgaged Property and (ii) October 30, 2001. Upon any reduction of the Revolving Credit Commitment as set forth above, Borrowers hereby agree to immediately pay all amounts outstanding under the Revolving Credit Commitment in excess of the reduced amount of the Revolving Credit Commitment as of the date of such reduction. To the extent such amounts are not paid upon the corresponding date of such reduction, it shall constitute an Event of Default and, in addition to any other remedies available to Bank, interest on the Loans shall accrue at the Default Rate.
Credit Commitment. OPCO shall have received a commitment from AGH OP for a $50,000,000 line of credit at an interest rate no greater than LIBOR plus 350 basis points and payable quarterly. The line of credit will have other terms and conditions customary of a commitment of this type.
Credit Commitment. Borrower shall have obtained and delivered to Agent or to Agent and Lenders, on or prior to April 30, 2007, a copy of a fully executed commitment letter for a $60,000,000 revolving credit facility, in form and substance satisfactory to Agent, which revolving credit facility shall be utilized to repay in full in cash all of the Obligations.”
Credit Commitment. In the event the Revolving Credit Commitments shall have expired or been terminated, the Pro Rata Percentages shall be determined on the basis of the Revolving Credit Commitments most recently in effect.
Credit Commitment. During the Revolving Credit Commitment Period the U.S. Borrower may use the U.S. Revolving Credit Commitments by borrowing, prepaying the U.S. Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The U.S. Revolving Credit Loans may from time to time be Eurodollar Loans or U.S. Base Rate Loans, as determined by the U.S. Borrower and notified to the General Administrative Agent in accordance with Sections 2.5 and 5.2, provided that no U.S. Revolving Credit Loan shall be 39 33 made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date.
Credit Commitment. Subject to the terms and conditions of this Agreement, RDOC agrees to extend to Borrower, and Borrower agrees to accept from RDOC, credit in the principal amount of $3.5 Million (the “Loan”). The Loan shall be evidenced by a promissory note executed by Borrower, dated as of Closing (as defined in Section 7.1(b) herein), substantially in the form attached hereto as Exhibit A and drawn to the order of RDOC in the principal amount of the Loan (the “Note”), the provisions of which are incorporated by reference. The Parties agree that the Loan will be credited to the Unpaid Royalties in full satisfaction thereof.
Credit Commitment. Subject to the terms and conditions of this Agreement, from the date hereof through but not including April 30, 2005, the Lender shall from time to time make advances to the Fulfillment Borrowers hereunder in an aggregate amount not to exceed the lesser of (i) the Facility D-2 Credit Commitment and (ii) the Eligible Costs under Facility D-2. The aggregate amount available under Facility D-2 hereunder shall not exceed the Facility D-2 Credit Commitment. Each advance under Facility D-2 hereunder shall be called a "Facility D-2 Loan" and all such advances along with all advances under Facility D-1 hereunder shall be called the "Facility D Loan". Each Facility D-2 Loan shall be evidenced by a Facility D-2 Note in the amount of such Facility D-2 Loan advance.
Credit Commitment. In relation to any U.S. Bank, the maximum dollar amount of U.S. Loans that such Bank shall be committed to make to the U.S. Borrowers upon the terms and subject to the conditions contained in this Agreement. The amount of each U.S. Bank's U.S. Credit Commitment shall be equal to the product of the Maximum Amount times such Bank's U.S. Commitment Percentage as set forth on Schedule 1 hereto. U.S. Eurodollar Loan. Any U.S. Loan bearing interest at a rate determined with reference to the Adjusted Eurodollar Rate.
