Common use of Revolving Commitment Clause in Contracts

Revolving Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documents, each Lender severally agrees to make Revolving Loans (i) in Dollars or in one or more Alternative Currencies to the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US Borrower, from time to time from the Closing Date to and including the Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on such occasion. Subject to the terms and conditions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Landauer Inc)

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Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans Loans") to the Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) in Dollars or in one or more Alternative Currencies with regard to each Lender individually, the US Borrowers sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Committed Amount, and (ii) only in one or more Alternative Currencies with regard to the NonLenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans plus the aggregate amount of LOC Obligations shall not exceed FIFTY-US Borrower, FIVE MILLION DOLLARS ($55,000,000) (as such aggregate maximum amount may be reduced from time to time from as provided herein, the Closing Date to "Revolving Committed Amount"). Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request, and including the Termination Date as requested by the Borrowers may be repaid and reborrowed in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimitprovisions hereof. Each Revolving Loan by a Lender Eurodollar Loans shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving made by each Lender at its Eurodollar Lending Office and Base Rate Loans requested on such occasion. Subject to the terms and conditions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until the Termination Dateat its Domestic Lending Office.

Appears in 1 contract

Samples: Credit Agreement (Manitowoc Co Inc)

Revolving Commitment. Subject to During the terms and conditions of this Agreement and the other Loan DocumentsCommitment Period, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documents, each Lender severally agrees to make Revolving Loans (i) in Dollars or in one or more Alternative Currencies to the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US Borrower, from time to time from the Closing Date to and including the Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on such occasion. Subject subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (the Borrowers may borrow, repay and reborrow "Revolving Loans") to the Borrower in Dollars from time to time in the amount of such Revolving Lender's Revolving Commitment Percentage of such Revolving Loans hereunder until for the Termination Datepurposes hereinafter set forth; provided that (i) with regard to the Revolving Lenders collectively, the aggregate principal amount of Revolving Obligations outstanding at any time shall not exceed ONE HUNDRED TWENTY-FIVE MILLION DOLLARS ($125,000,000) (as such amount may be reduced from time to time in accordance with the provisions hereof, the "Aggregate Revolving Committed Amount"), and (ii) with regard to each Revolving Lender individually, such Revolving Lender's Revolving Commitment Percentage of Revolving Obligations outstanding at any time shall not exceed such Revolving Lender's Revolving Committed Amount. Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Accredo Health Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans (the "Revolving Loans (iLoans") in Dollars or in one or more Alternative Currencies to the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US Borrower, Borrower from time to time from in the Closing Date to and including amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2purposes hereinafter set forth; provided, provided that (ai) with regard to the Revolving Outstandings shall not exceed the Revolving CommitmentsLenders collectively, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Obligations under Revolving Loans requested and the LOC Obligations outstanding at any time shall not exceed TWENTY-FIVE MILLION DOLLARS ($25,000,000) (as referenced on such occasion. Subject to the terms and conditions hereofSchedule 2.1(a), the Borrowers may borrow"Revolving Committed Amount") and (ii) with regard to each Lender individually, repay and reborrow such Lender's Revolving Commitment Percentage of Obligations under Revolving Loans hereunder until and the Termination DateLOC Obligations outstanding at any time shall not exceed such Lender's Revolving Committed Amount. Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Pca International Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans Loans") to the Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) in Dollars or in one or more Alternative Currencies with regard to each Lender individually, the US Borrowers sum of such Lender's share of outstanding Revolving Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations plus such Lender's Revolving Commitment Percentage of Swingline Loans shall not exceed such Lender's Revolving Committed Amount, and (ii) only in one or more Alternative Currencies with regard to the NonLenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus LOC Obligations plus Swingline Loans shall not exceed SEVENTY-US Borrower, FIVE MILLION DOLLARS ($75,000,000) (as such aggregate maximum amount may be reduced or increased from time to time from as provided herein, the Closing Date to "Revolving Committed Amount"). Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request, and including the Termination Date as requested by the Borrowers may be repaid and reborrowed in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimitprovisions hereof. Each Revolving Loan by a Lender Eurodollar Loans shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving made by each Lender at its Eurodollar Lending Office and Base Rate Loans requested on such occasion. Subject to the terms and conditions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until the Termination Dateat its Domestic Lending Office.

Appears in 1 contract

Samples: Credit Agreement (Cort Business Services Corp)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans in Dollars ("REVOLVING LOANS") to Penton USA from time to time in an aggregate amount up to the amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; PROVIDED that (i) in Dollars or in one or more Alternative Currencies with regard to each Lender individually, the US Borrowers Dollar Amount (determined as of the most recent Determination Date) of such Lender's Revolving Commitment Percentage of the sum of Revolving Loans PLUS Foreign Currency Loans shall not exceed such Lender's Revolving Committed Amount, and (ii) only in one or more Alternative Currencies with regard to the Non-US BorrowerLenders collectively, from time to time from the Closing Date to Dollar Amount (determined as of the most recent Determination Date) of the sum of Revolving Loans PLUS Foreign Currency Loans shall not exceed the Aggregate Revolving Committed Amount. Revolving Loans may consist of Base Rate Loans or Eurocurrency Loans, or a combination thereof, as Penton USA may request, and including the Termination Date as requested by the Borrowers may be repaid and reborrowed in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on such occasion. Subject to the terms and conditions provisions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Penton Media Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documents, each Lender severally agrees to make Revolving Loans (i) in Dollars or in one or more Alternative Currencies to the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US Borrower, from time to time from the Closing Date to and including the Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on such occasion. Subject to -------------------- the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (the Borrowers may borrow, repay and reborrow "Revolving Loans") to the Borrower from --------------- time to time in the amount of such Revolving Lender's Revolving Commitment Percentage of such Revolving Loans hereunder until for the Termination Datepurposes hereinafter set forth; provided that (i) with regard to the Revolving Lenders collectively, the -------- aggregate principal amount of Revolving Obligations outstanding at any time shall not exceed the lesser of (A) the Aggregate Revolving Committed Amount or (B) the Borrowing Base, and (ii) with regard to each Revolving Lender individually, such Revolving Lender's Revolving Commitment Percentage of Obligations outstanding at any time shall not exceed the lesser of (A) such Revolving Lender's Revolving Committed Amount or (B) such Revolving Lender's Revolving Commitment Percentage of the Borrowing Base. Revolving Loans shall consist of Base Rate Loans only, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Amendment Agreement and Waiver (Access Worldwide Communications Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans in Dollars (the "Revolving Loans") to the Borrower from time to time in the amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) in Dollars or in one or more Alternative Currencies with regard to the US Borrowers Lenders collectively, the Dollar Amount (determined as of the most recent Determination Date) of Revolving Obligations outstanding shall not exceed the Aggregate Revolving Committed Amount, as reduced and (ii) only in one with regard to each Lender individually, the Dollar Amount (determined as of the most recent Determination Date) of such Lender's Revolving Commitment Percentage of the sum of the Revolving Loans plus Foreign Currency Loans plus LOC Obligations plus Swingline Loans outstanding shall not exceed such Lender's Revolving Committed Amount. Revolving Loans may consist of Base Rate Loans or more Alternative Currencies to Eurocurrency Loans, or a combination thereof, as the Non-US BorrowerBorrower may request, from time to time from the Closing Date to and including the Termination Date as requested by the Borrowers may be repaid and reborrowed in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on such occasion. Subject to the terms and conditions provisions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Fritz Companies Inc)

Revolving Commitment. Subject to During the terms and conditions of this Agreement and the other Loan DocumentsCommitment Period, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documents, each Lender severally agrees to make Revolving Loans (i) in Dollars or in one or more Alternative Currencies to the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US Borrower, from time to time from the Closing Date to and including the Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on such occasion. Subject subject to the terms and conditions hereof, the Initial Lender agrees initially and, upon an assignment of any portion of the Revolving Commitment to one or more Lenders, all Lenders, including, without limitation, the Initial Lender, severally, agree to make revolving credit loans (each a "Loan" and collectively the "Loans") to the Borrowers from time to time for the purposes hereinafter set forth; provided, however, that (i) in the event of an assignment of any portion of the Revolving Commitment Amount to one or more Lenders, with regard to each Lender individually, the sum of such Lender's share of outstanding Loans shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Commitment Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Loans shall not exceed the aggregate Revolving Commitment Amount then in effect. For purposes hereof, the aggregate amount available hereunder shall be SEVENTY-FIVE MILLION DOLLARS ($75,000,000) (the "Revolving Commitment Amount"). Loans shall consist of LIBOR Rate Loans and may borrow, repay be repaid and reborrow Revolving reborrowed in accordance with the provisions hereof. LIBOR Rate Loans hereunder until the Termination Dateshall be made by each Lender at its LIBOR Lending Office.

Appears in 1 contract

Samples: Revolving Loan Agreement (Capital Lease Funding Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make Revolving Loans revolving credit loans ("Loans") to the Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) in Dollars or in one or more Alternative Currencies with regard to each Lender individually, the US Borrowers sum of such Lender's share of outstanding Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) only in one or more Alternative Currencies with regard to the Non-US BorrowerLenders collectively, from time to time from the Closing Date to and including sum of the Termination Date as requested by the Borrowers in accordance with the terms aggregate amount of Section 2.2; provided, that (a) the Revolving Outstandings outstanding Loans plus outstanding LOC Obligations shall not exceed the Revolving CommitmentsCommitted Amount. For purposes hereof, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender amount available hereunder shall be FIFTY MILLION DOLLARS ($50,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.4, the "Revolving Committed Amount"). Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a principal Dollar Equivalent or Alternative Currency Equivalentcombination thereof, as the case Borrower may berequest, equal to such Lender’s Revolving Commitment Pro Rata Share of and may be repaid and reborrowed in accordance with the aggregate principal amount of Revolving provisions hereof; provided that no more than five (5) separate LIBOR Tranches shall be outstanding at any one time. LIBOR Rate Loans requested on such occasion. Subject to the terms shall be made by each Lender at its LIBOR Lending Office and conditions hereof, the Borrowers may borrow, repay and reborrow Revolving Alternate Base Rate Loans hereunder until the Termination Dateat its Domestic Lending Office.

Appears in 1 contract

Samples: Credit Agreement (Bassett Furniture Industries Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans Loans") to the Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) in Dollars or in one or more Alternative Currencies with regard to each Lender individually, the US Borrowers sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Committed Amount, and (ii) only in one or more Alternative Currencies with regard to the NonLenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans plus the aggregate amount of LOC Obligations shall not exceed ONE HUNDRED TWENTY-US Borrower, FIVE MILLION DOLLARS ($125,000,000) (as such aggregate maximum amount may be reduced from time to time from as provided herein, the Closing Date to "Revolving Committed Amount"). Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request, and including the Termination Date as requested by the Borrowers may be repaid and reborrowed in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimitprovisions hereof. Each Revolving Loan by a Lender Eurodollar Loans shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving made by each Lender at its Eurodollar Lending Office and Base Rate Loans requested on such occasion. Subject to the terms and conditions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until the Termination Dateat its Domestic Lending Office.

Appears in 1 contract

Samples: Credit Agreement (Manitowoc Co Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make Revolving Loans (i) revolving credit loans in Dollars or in one or more Alternative and Available Foreign Currencies (the “Revolving Loans”) to the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US Borrower, Borrower from time to time from in the Closing Date to and including amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2purposes hereinafter set forth; provided, provided that (ai) with regard to the Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Revolving Outstandings Obligations outstanding at any time shall not exceed the Aggregate Revolving CommitmentsCommitted Amount, (bii) with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender’s Revolving Commitment Percentage of Revolving Obligations outstanding at any time shall not exceed such Lender’s Revolving Committed Amount, and (iii) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Revolving Credit Exposure of any Lender Obligations in Available Foreign Currencies shall not at any time exceed such SIX HUNDRED MILLION DOLLARS ($600,000,000) (the “Foreign Currencies Committed Amount”). Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by Loans may consist of Base Rate Loans or LIBOR Loans, or a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalentcombination thereof, as the case Borrower may berequest, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of and Revolving Loans requested on such occasion. Subject to denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the terms and conditions provisions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Nucor Corp)

Revolving Commitment. Subject to During the terms and conditions of this Agreement and the other Loan DocumentsCommitment Period, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documents, each Lender severally agrees to make Revolving Loans (i) in Dollars or in one or more Alternative Currencies to the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US Borrower, from time to time from the Closing Date to and including the Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on such occasion. Subject subject to the terms and conditions hereof, the Initial Lender agrees initially and, upon an assignment of any portion of the Revolving Commitment to one or more Lenders, all Lenders, including, without limitation, the Initial Lender, severally, agree to make revolving credit loans (each a "Loan" and collectively the "Loans") to the Borrowers from time to time for the purposes hereinafter set forth; provided, however, that (i) in the event of an assignment of any portion of the Revolving Commitment Amount to one or more Lenders, with regard to each Lender individually, the sum of such Lender's share of outstanding Loans shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Commitment Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Loans shall not exceed the aggregate Revolving Commitment Amount then in effect. For purposes hereof, the aggregate amount available hereunder shall be TWENTY-FIVE MILLION DOLLARS ($25,000,000) (the "Revolving Commitment Amount"). Loans shall consist of LIBOR Rate Loans and may borrow, repay be repaid and reborrow Revolving reborrowed in accordance with the provisions hereof. LIBOR Rate Loans hereunder until the Termination Dateshall be made by each Lender at its LIBOR Lending Office.

Appears in 1 contract

Samples: Revolving Loan Agreement (Capital Lease Funding Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans (the " Revolving Loans (iLoans") in Dollars or in one or more Alternative Currencies to the US Borrowers and (ii) only Borrower in one or more Alternative Currencies to the Non-US Borrower, U.S. Dollars from time to time from in the Closing Date to and including amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2purposes hereinafter set forth; provided, provided that (ai) with regard to the Revolving Outstandings shall not exceed the Revolving CommitmentsLenders collectively, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on Obligations outstanding at any time shall not exceed the lesser of (A) SEVENTY-FIVE MILLION DOLLARS ($75,000,000) (as such occasion. Subject amount may be reduced from time to time in accordance with the terms and conditions provisions hereof, the Borrowers may borrow"Aggregate Revolving Committed Amount") or (B) the North American Borrowing Base, repay and reborrow (ii) with regard to each Lender individually, such Lender's Revolving Commitment Percentage of Obligations outstanding at any time shall not exceed the lesser of (A) such Lender's Revolving Committed Amount or (B) an amount equal to such Lender's Revolving Commitment Percentage of the North American Borrowing Base. Revolving Loans hereunder until may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Termination DateBorrower may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Take Two Interactive Software Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Revolving Lender severally agrees to make revolving loans (the “Revolving Loans (iLoans”) to the Borrower in Dollars or in one or more Alternative Currencies to in the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US Borrower, from time to time from the Closing Date to and including the Termination Date as requested by the Borrowers in accordance with the terms amount of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (ci) with regard to the Revolving Lenders collectively, (A) the aggregate principal amount of Revolving Outstandings Obligations at any time shall not exceed SIX HUNDRED MILLION DOLLARS ($600,000,000), subject to reduction pursuant to Section 3.4 (the “Aggregate Revolving Committed Amount”) and (B) the aggregate principal amount of Revolving Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Sublimit and (ii) with regard to each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalentindividually, as the case may be, equal to such Revolving Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount Percentage of Revolving Loans requested on Obligations at any time shall not exceed such occasionRevolving Lender’s Revolving Committed Amount. Subject to the terms and conditions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until may consist of Base Rate Loans or Eurocurrency Loans, or a combination thereof, as the Termination DateBorrower may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Triad Hospitals Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans in Dollars and Available Foreign Currencies (the "Revolving Loans") to the Borrower from time to time in the amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) in Dollars or in one or more Alternative Currencies with regard to the US Borrowers Lenders collectively, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Loans outstanding at any time shall not exceed the Aggregate Revolving Committed Amount, and (ii) only with regard to each Lender individually, the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of such Lender's Revolving Commitment Percentage of Revolving Loans outstanding at any time shall not exceed such Lender's Revolving Committed Amount. Revolving Loans may consist of Base Rate Loans or LIBOR Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in one or more Alternative Available Foreign Currencies to the Non-US Borrowershall consist solely of LIBOR Loans, from time to time from the Closing Date to and including the Termination Date as requested by the Borrowers may be repaid and reborrowed in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on such occasion. Subject to the terms and conditions provisions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Universal Corp /Va/)

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Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans (the "Revolving Loans (iLoans") to the Borrower in Dollars or in one or more Alternative Currencies to the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US Borrower, from time to time from in the Closing Date to and including amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2purposes hereinafter set forth; provided, provided that (ai) with regard to the Revolving Outstandings shall not exceed the Revolving CommitmentsLenders collectively, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on Obligations outstanding at any time shall not exceed the lesser of (A) THIRTY MILLION DOLLARS ($30,000,000) (as such occasion. Subject amount may be reduced from time to time in accordance with the terms and conditions provisions hereof, the Borrowers may borrow"Aggregate Revolving Committed Amount") or (B) the Borrowing Base, repay and reborrow (ii) with regard to each Lender individually, such Lender's Revolving Commitment Percentage of Obligations outstanding at any time shall not exceed the lesser of (A) such Lender's Revolving Committed Amount or (B) an amount equal to such Lender's Revolving Commitment Percentage of the Borrowing Base. Revolving Loans hereunder until may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Termination DateBorrower may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Rockford Corp)

Revolving Commitment. Subject During the Revolving Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans Loans") to the Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) in Dollars or in one or more Alternative Currencies with regard to each Lender individually, the US Borrowers sum of such Lender's share of outstanding Revolving Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Committed Amount, and (ii) only in one or more Alternative Currencies with regard to the NonLenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus the aggregate amount of LOC Obligations plus the aggregate amount of Commercial Paper Obligations plus the aggregate amount of outstanding Swing Line Loans shall not exceed the lesser of: (A) SIXTY-US BorrowerTWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($62,500,000), as such aggregate maximum amount may be reduced from time to time from as provided herein, and (B) the Closing Date to Borrowing Base. Revolving Loans may consist of Prime Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request, and including the Termination Date as requested by the Borrowers may be repaid and reborrowed in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimitprovisions hereof. Each Revolving Loan by a Lender Eurodollar Loans shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving made by each Lender at its Eurodollar Lending Office and Prime Rate Loans requested on such occasion. Subject to the terms and conditions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until the Termination Dateat its Domestic Lending Office."

Appears in 1 contract

Samples: Credit Agreement (Lacrosse Footwear Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans Loans”) to the Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) in Dollars or in one or more Alternative Currencies with regard to each Lender individually, the US Borrowers sum of such Lender’s share of outstanding Revolving Loans plus such Lender’s Commitment Percentage of Swingline Loans plus such Lender’s Commitment Percentage of LOC Obligations shall not exceed such Lender’s Commitment Percentage of the aggregate Revolving Committed Amount, and (ii) only in one or more Alternative Currencies with regard to the Non-US BorrowerLenders collectively, from time to time from the Closing Date to and including sum of the Termination Date as requested by the Borrowers in accordance with the terms aggregate amount of Section 2.2; provided, that (a) the outstanding Revolving Outstandings Loans plus Swingline Loans plus LOC Obligations shall not exceed the Revolving CommitmentsCommitted Amount. For purposes hereof, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender amount available hereunder shall be THREE HUNDRED MILLION DOLLARS ($300,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.5 or increased as provided in Section 2.1(f), the “Revolving Committed Amount”). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a principal Dollar Equivalent or Alternative Currency Equivalentcombination thereof, as the case Borrower may berequest, equal to such Lender’s Revolving Commitment Pro Rata Share of and may be repaid and reborrowed in accordance with the aggregate principal amount of Revolving provisions hereof. LIBOR Rate Loans requested on such occasion. Subject to the terms shall be made by each Lender at its LIBOR Lending Office and conditions hereof, the Borrowers may borrow, repay and reborrow Revolving Alternate Base Rate Loans hereunder until the Termination Dateat its Domestic Lending Office.

Appears in 1 contract

Samples: Credit Agreement (International Speedway Corp)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans Loans") to the Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) in Dollars or in one or more Alternative Currencies with regard to each Lender individually, the US Borrowers sum of such Lender's outstanding Revolving Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and (ii) only in one or more Alternative Currencies with regard to the Non-US BorrowerLenders collectively, from time to time from the Closing Date to and including sum of the Termination Date as requested by the Borrowers in accordance with the terms aggregate amount of Section 2.2; provided, that (a) the outstanding Revolving Outstandings Loans plus LOC Obligations shall not exceed the Revolving CommitmentsCommitted Amount. For purposes hereof, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on plus LOC Obligations that may be outstanding at any time under this Section 2.1(a) shall not exceed ONE HUNDRED Million DOLLARS ($100,000,000) (as such occasion. Subject aggregate maximum amount may be increased or reduced from time to the terms and conditions hereoftime as provided in Section 2.4, the Borrowers may borrow, repay and reborrow "Revolving Committed Amount"). Revolving Loans hereunder until may consist of Alternate Base Rate Loans, LIBOR Rate Loans or LIBOR Market Index Rate Loans, or a combination thereof, as the Termination DateBorrower may request, and may be repaid and reborrowed in accordance with the provisions hereof. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans and LIBOR Market Index Rate Loans at its Domestic Lending Office.

Appears in 1 contract

Samples: Credit Agreement (Ruddick Corp)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Revolving Lender severally agrees to make revolving credit loans (the “Revolving Loans (iLoans”) to the Borrower in Dollars or in one or more Alternative Currencies to the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US Borrower, from time to time from in the Closing Date to and including amount of such Revolving Lender’s Revolving Commitment Percentage of the Termination Date as Revolving Loans requested by the Borrowers Borrower hereunder for the purposes hereinafter set forth; provided that (i) the aggregate principal amount of Revolving Obligations outstanding shall not at any time exceed THREE HUNDRED MILLION DOLLARS ($300,000,000) (as such amount may be increased or reduced from time to time in accordance with the terms of Section 2.2; providedprovisions hereof, that the “Total Revolving Committed Amount”), (aii) the Revolving Outstandings aggregate principal amount of Loan Obligations outstanding shall not at any time exceed the Borrowing Base, and (iii) with regard to each Revolving CommitmentsLender individually, (b) such Revolving Lender’s Revolving Commitment Percentage of the Revolving Credit Exposure of any Lender Obligations outstanding shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Commitment. Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by Loans may consist of Base Rate Loans or Eurodollar Rate Loans, or a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalentcombination thereof, as the case Borrower may berequest, equal to such Lender’s Revolving Commitment Pro Rata Share of and may be repaid and reborrowed in accordance with the aggregate principal amount of Revolving Loans requested on such occasion. Subject to the terms and conditions provisions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until the Termination Date.

Appears in 1 contract

Samples: Agreement (Ventas Inc)

Revolving Commitment. Subject to During the terms and conditions of this Agreement and the other Loan DocumentsCommitment Period, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documents, each Lender severally agrees to make Revolving Loans (i) in Dollars or in one or more Alternative Currencies to the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US Borrower, from time to time from the Closing Date to and including the Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on such occasion. Subject subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (the Borrowers may borrow, repay and reborrow "Revolving Loans") to the Borrower from time to time in the amount of such Revolving Lender's Revolving Commitment Percentage of such Revolving Loans hereunder until for the Termination Datepurposes hereinafter set forth; PROVIDED that (i) with regard to the Revolving Lenders collectively, the aggregate principal amount of Revolving Obligations outstanding at any time shall not exceed the Aggregate Revolving Committed Amount, and (ii) with regard to each Revolving Lender individually, such Revolving Lender's Revolving Commitment Percentage of Revolving Obligations outstanding at any time shall not exceed such Revolving Lender's Revolving Committed Amount. Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (C&d Technologies Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the -------------------- terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Revolving Lender severally agrees to make revolving loans (the "Revolving Loans") to the Borrower in the amount of such --------------- Revolving Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) in Dollars or in one or more Alternative Currencies with regard to the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US Borrower-------- Revolving Lenders collectively, from time to time from the Closing Date to and including the Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on Obligations at any time shall not exceed ONE HUNDRED TWENTY-FIVE MILLION DOLLARS ($125,000,000) (the "Aggregate Revolving Committed Amount") and (ii) with regard ------------------------------------ to each Revolving Lender individually, such occasionRevolving Lender's Revolving Commitment Percentage of Revolving Obligations at any time shall not exceed such Revolving Lender's Revolving Committed Amount. Subject to the terms and conditions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Termination DateBorrower may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Triad Hospitals Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Revolving Lender severally agrees to make revolving loans (the "Revolving Loans"; such Revolving Loans to include Non-Ratable Loans made by Bank of America pursuant to Section 2.4(e) and Permitted Overadvances) to the Borrowers in the amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) in Dollars or in one or more Alternative Currencies with regard to the US Borrowers and (ii) only in one or more Alternative Currencies to the Non-US BorrowerRevolving Lenders collectively, from time to time from the Closing Date to and including the Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on and LOC Obligations at any time shall not exceed the Revolving Borrowing Base and (ii) with regard to each Revolving Lender individually, such occasion. Subject to Revolving Lender's Revolving Commitment Percentage of the terms and conditions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until and LOC Obligations at any time shall not exceed such Lender's Revolving Committed Amount. The Revolving Loans may be repaid and re-borrowed in accordance with the Termination Dateprovisions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Friedmans Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documentshereof, each Lender severally agrees to make revolving credit loans in Dollars (the "Revolving Loans") to the Borrower from time to time in the amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) in Dollars or in one or more Alternative Currencies with regard to the US Borrowers Lenders collectively, the Dollar Amount (determined as of the most recent Determination Date) of Revolving Obligations outstanding shall not exceed the Aggregate Revolving Committed Amount, as changed from time to time, and (ii) only in one with regard to each Lender individually, the Dollar Amount (determined as of the most recent Determination Date) of such Lender's Revolving Commitment Percentage of the sum of the Revolving Loans plus Foreign Currency Loans plus LOC Obligations plus Swingline Loans outstanding shall not exceed such Lender's Revolving Committed Amount. Revolving Loans may consist of Base Rate Loans or more Alternative Currencies to Eurocurrency Loans, or a combination thereof, as the Non-US BorrowerBorrower may request, from time to time from the Closing Date to and including the Termination Date as requested by the Borrowers may be repaid and reborrowed in accordance with the terms of Section 2.2; provided, that (a) the Revolving Outstandings shall not exceed the Revolving Commitments, (b) the Revolving Credit Exposure of any Lender shall not at any time exceed such Revolving Lender’s Revolving Commitment and (c) the aggregate Revolving Outstandings denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each Revolving Loan by a Lender shall be in a principal Dollar Equivalent or Alternative Currency Equivalent, as the case may be, equal to such Lender’s Revolving Commitment Pro Rata Share of the aggregate principal amount of Revolving Loans requested on such occasion. Subject to the terms and conditions provisions hereof, the Borrowers may borrow, repay and reborrow Revolving Loans hereunder until the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Fritz Companies Inc)

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