Common use of Revolving Commitment Clause in Contracts

Revolving Commitment. Subject to the terms and conditions of the Credit Agreement and in reliance upon the representations and warranties set forth in the Credit Agreement, each Lender severally agrees to make available to Xxxx such Lender's Commitment Percentage of revolving credit loans in Dollars ("Revolving Loans") from time to time from the Closing Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided in the Credit Agreement for the purposes hereinafter set forth; provided further, however, that the sum of the aggregate principal amount of outstanding Revolving Loans shall not exceed SEVENTY-FIVE MILLION DOLLARS (S75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4, the "Revolving Committed Amount"); provided, further, (i) with regard to each Lender individually, such Lender's outstanding Revolving Loans shall not exceed such Lender's Commitment Percentage of the Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal amount of outstanding Revolving Loans plus Domestic LOC Obligations outstanding plus the aggregate principal amount of outstanding Competitive Loans plus the aggregate principal amount of outstanding Swingline Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of the aggregate principal amount of outstanding Foreign Currency Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of Foreign LOC Obligations outstanding shall not exceed the Revolving Committed

Appears in 1 contract

Samples: Credit Agreement (Hunt Corp)

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Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of the Credit Agreement and in reliance upon the representations and warranties set forth in the Credit Agreementhereof, each Lender severally agrees to make available to Xxxx such Lender's Commitment Percentage of revolving credit loans in Dollars and Available Foreign Currencies ("the “Revolving Loans") to the Borrower from time to time from the Closing Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided in the Credit Agreement amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided further, however, that the sum of the aggregate principal amount of outstanding Revolving Loans shall not exceed SEVENTY-FIVE MILLION DOLLARS (S75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4, the "Revolving Committed Amount"); provided, further, (i) with regard to each Lender individually, such Lender's outstanding Revolving Loans shall not exceed such Lender's Commitment Percentage of the Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal amount of outstanding Revolving Loans plus Domestic LOC Obligations outstanding plus the aggregate principal amount of outstanding Competitive Loans plus the aggregate principal amount of outstanding Swingline Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of Loans outstanding at any time shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal amount of outstanding Foreign Currency Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of Foreign LOC Obligations such Lender’s Revolving Commitment Percentage of Revolving Loans 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 Loans in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving CommittedLoans may consist of Base Rate Loans or LIBOR Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Nucor Corp)

Revolving Commitment. Subject During the Commitment Period, subject to the -------------------- terms and conditions of the Credit Agreement and in reliance upon the representations and warranties set forth in the Credit Agreementhereof, each Lender severally agrees to make available to Xxxx such Lender's Commitment Percentage of revolving credit loans in Dollars (the "Revolving Loans") to the Borrower in Dollars from time to --------------- time from the Closing Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided in the Credit Agreement amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided further, however, that the sum of the aggregate principal amount of outstanding Revolving Loans shall not exceed SEVENTY-FIVE MILLION DOLLARS (S75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4, the "Revolving Committed Amount"); provided, further, (i) with regard to each Lender individually, such Lender's outstanding Revolving Loans shall not exceed such Lender's Commitment Percentage of the Revolving Committed Amount, and (ii) with -------- regard to the Lenders collectively, the aggregate principal amount of outstanding Revolving Loans plus Domestic LOC Obligations outstanding plus the aggregate principal amount of outstanding Competitive Loans plus the aggregate principal amount of outstanding Swingline Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of the aggregate principal amount of outstanding Foreign Currency Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of Foreign LOC Obligations outstanding at any time shall not exceed ONE HUNDRED FORTY MILLION DOLLARS ($140,000,000) (as such amount may be increased or reduced from time to time in accordance with the provisions hereof, the "Aggregate Revolving Committed------------------- Committed Amount"), and (ii) with regard to each Lender individually, such ---------------- Lender's Revolving Commitment Percentage of 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 (Ameripath Inc)

Revolving Commitment. Subject During the Commitment Period, subject -------------------- to the terms and conditions of the Credit Agreement and in reliance upon the representations and warranties set forth in the Credit Agreementhereof, each Lender severally agrees to make available to Xxxx such Lender's Commitment Percentage of revolving credit loans in Dollars ("Revolving Loans") to the Borrower from time to --------------- time from the Closing Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided in the Credit Agreement for the purposes hereinafter set forth; provided furtherprovided, however, that (i) --------- ------- with regard to each Lender individually, such Lender's share of outstanding Revolving Loans shall not exceed such Lender's Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans shall not exceed SEVENTY-TWENTY FIVE MILLION DOLLARS (S75,000,000$25,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4herein, the "Revolving Committed Amount"); provided. Revolving Loans may consist of Base Rate -------------------------- Loans or LIBOR Rate Loans, furtheror a combination thereof, (i) as the Borrower may request, and may be repaid and reborrowed in accordance with regard to the provisions hereof. LIBOR Rate Loans shall be made by each Lender individually, such Lender's outstanding Revolving at its LIBOR Lending Office and Base Rate Loans shall not exceed such Lender's Commitment Percentage of the Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal amount of outstanding Revolving Loans plus at its Domestic LOC Obligations outstanding plus the aggregate principal amount of outstanding Competitive Loans plus the aggregate principal amount of outstanding Swingline Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of the aggregate principal amount of outstanding Foreign Currency Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of Foreign LOC Obligations outstanding shall not exceed the Revolving CommittedLending Office.

Appears in 1 contract

Samples: Credit Agreement (T Sf Communications Corp)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of the Credit Agreement and in reliance upon the representations and warranties set forth in the Credit Agreementhereof, each Lender severally agrees to make available to Xxxx such Lender's Commitment Percentage of revolving credit loans in Dollars each a "Revolving Loan" and collectively (the "Revolving Loans") to each of the Borrowers from time to time from the Closing Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided in the Credit Agreement amount of such Lender's Revolving Commitment Percentage of such requested Revolving Loans for the purposes hereinafter set forth; provided further, however, that the sum of the aggregate principal amount of outstanding Revolving Loans shall not exceed SEVENTY-FIVE MILLION DOLLARS (S75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4, the "Revolving Committed Amount"); provided, further, (i) with regard to each Lender individually, such Lender's outstanding Revolving Loans shall not exceed such Lender's Commitment Percentage of the Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal amount of outstanding Revolving Loans plus Domestic LOC Obligations outstanding plus the aggregate principal amount of outstanding Competitive Loans plus the aggregate principal amount of outstanding Swingline Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of the aggregate principal amount of outstanding Foreign Currency Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of Foreign LOC Obligations outstanding at any time shall not exceed the Aggregate Revolving CommittedCommitted Amount and (ii) with regard to each Lender individually, such Lender's Revolving Commitment Percentage of the sum of the Revolving Loans plus LOC Obligations outstanding at any time shall not exceed such Lender's Revolving Commitment Percentage of the Aggregate Revolving Committed Amount. Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrowers may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Nova Corp \Ga\)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of the Credit Agreement and in reliance upon the representations and warranties set forth in the Credit Agreementhereof, each Lender severally agrees to make available to Xxxx such Lender's Commitment Percentage of revolving credit loans in Dollars (the "Revolving LoansREVOLVING LOANS") to the Borrower from time to time from the Closing Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided in the Credit Agreement amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided further, however, PROVIDED that the sum of the aggregate principal amount of outstanding Revolving Loans shall not exceed SEVENTY-FIVE MILLION DOLLARS (S75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4, the "Revolving Committed Amount"); provided, further, (i) with regard to each Lender individually, such Lender's outstanding Revolving Loans shall not exceed such Lender's Commitment Percentage of the Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal amount of outstanding the Revolving Loans plus Domestic LOC Obligations outstanding plus the aggregate principal amount of outstanding Competitive Loans plus the aggregate principal amount of outstanding Swingline Loans plus (including the Dollar Amount (as determined as of the most recent Determination Date) of the aggregate principal amount of outstanding Foreign Currency Loans) shall not exceed the lesser of (A) the Aggregate Revolving Committed Amount and (B) the Borrowing Base, and (ii) with regard to each Lender individually, the amount of such Lender's Revolving Commitment Percentage of the sum of the Revolving Loans plus PLUS the Dollar Amount (as determined as of the most recent Determination Date) of the 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, CD Rate Loans or Eurodollar Loans, or a combination thereof, as the Revolving CommittedBorrower may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Worldtex Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of the Credit Agreement and in reliance upon the representations and warranties set forth in the Credit Agreementhereof, each Revolving Lender severally agrees to make available to Xxxx such Lender's Commitment Percentage of revolving credit loans in Dollars (the "Revolving Loans") to the Borrower in Dollars from time to time from the Closing Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided in the Credit Agreement amount of such Revolving Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided furtherthat (i) with regard to the Revolving Lenders collectively, however, that the sum of the aggregate principal amount of Revolving Obligations outstanding Revolving Loans at any time shall not exceed SEVENTY-FIVE ONE HUNDRED FIFTY MILLION DOLLARS (S75,000,000$150,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4accordance with the provisions hereof, the "Aggregate Revolving Committed Amount"); provided, further, (iii) with regard to each Revolving Lender individually, such Revolving Lender's Revolving Commitment Percentage of Revolving Obligations outstanding Revolving Loans at any time shall not exceed such Revolving Lender's Commitment Percentage of the Revolving Committed Amount, and (iiiii) with regard to the Lenders collectively, the aggregate principal amount of outstanding Revolving Loans plus Domestic LOC Obligations outstanding plus the aggregate principal amount of outstanding Competitive Loans plus the aggregate principal amount of outstanding Swingline Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of the aggregate principal amount of outstanding Foreign Currency Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of Foreign LOC Obligations outstanding at any time shall not exceed the Borrowing Base. Revolving CommittedLoans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request. Amounts repaid on the Revolving Loans may be reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Railworks Corp)

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Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of the Credit Agreement and in reliance upon the representations and warranties set forth in the Credit Agreementhereof, each Lender severally agrees to make available to Xxxx such Lender's Commitment Percentage of revolving credit loans in Dollars and Available Foreign Currencies ("the “Revolving Loans") to the Borrower from time to time from the Closing Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided in the Credit Agreement amount of such Lender’s Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided further, however, that the sum of the aggregate principal amount of outstanding Revolving Loans shall not exceed SEVENTY-FIVE MILLION DOLLARS (S75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4, the "Revolving Committed Amount"); provided, further, (i) with regard to each Lender individually, such Lender's outstanding Revolving Loans shall not exceed such Lender's Commitment Percentage of the Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal amount of outstanding Revolving Loans plus Domestic LOC Obligations outstanding plus the aggregate principal amount of outstanding Competitive Loans plus the aggregate principal amount of outstanding Swingline Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of Obligations outstanding at any time shall not exceed the Aggregate Revolving Committed Amount, (ii) with regard to each Lender individually, the aggregate principal amount of outstanding Foreign Currency Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of Foreign LOC such Lender’s Revolving Commitment Percentage of Committed 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 Obligations in Available Foreign Currencies shall not at any time exceed EIGHTY-FIVE MILLION DOLLARS ($85,000,000) (the “Foreign Currencies Committed Amount”). Revolving CommittedLoans may consist of Base Rate Loans or LIBOR Loans, or a combination thereof, as the Borrower may request, and Revolving Loans denominated in Available Foreign Currencies shall consist solely of LIBOR Loans, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Nucor Corp)

Revolving Commitment. Subject During the Commitment Period, subject to -------------------- the terms and conditions of the Credit Agreement and in reliance upon the representations and warranties set forth in the Credit Agreementhereof, each Revolving Lender severally agrees to make available to Xxxx such Lender's Commitment Percentage of revolving credit loans in Dollars (the "Revolving Loans") to the Borrower in Dollars from --------------- time to time from in the Closing Date until the Termination Date, or amount of such earlier date as Revolving Lender's Revolving Commitment Percentage of the Revolving Commitments shall have been terminated as provided in Loans requested by the Credit Agreement Borrower hereunder for the purposes hereinafter set forth; provided furtherthat (i) the aggregate principal amount -------- of Revolving Obligations outstanding shall not at any time exceed TWO HUNDRED NINETY MILLION DOLLARS ($290,000,000) (as such amount may be increased or reduced from time to time in accordance with the provisions hereof, howeverthe "Total ----- Revolving Committed Amount"), that the sum of (ii) the aggregate principal amount of Loan -------------------------- Obligations outstanding Revolving Loans shall not at any time exceed SEVENTY-FIVE MILLION DOLLARS the Borrowing Base, and (S75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4, the "Revolving Committed Amount"); provided, further, (iiii) with regard to each Revolving Lender individually, such Revolving Lender's outstanding Revolving Loans shall not exceed such Lender's Commitment Percentage of the Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal amount of outstanding Revolving Loans plus Domestic LOC Obligations outstanding plus the aggregate principal amount of outstanding Competitive Loans plus the aggregate principal amount of outstanding Swingline Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of the aggregate principal amount of outstanding Foreign Currency Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of Foreign LOC Obligations outstanding shall not at any time exceed such Revolving Lender's Revolving Commitment. Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Revolving CommittedBorrower may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit, Security and Guaranty Agreement (Ventas Inc)

Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions of the Credit Agreement and in reliance upon the representations and warranties set forth in the Credit Agreementhereof, each Lender severally agrees to make available to Xxxx such Lender's Commitment Percentage of revolving credit loans in Dollars (the "Revolving Loans") to the Borrower from time to time from the Closing Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided in the Credit Agreement amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided further, however, that the sum of the aggregate principal amount of outstanding Revolving Loans shall not exceed SEVENTY-FIVE MILLION DOLLARS (S75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4, the "Revolving Committed Amount"); provided, further, (i) with regard to each Lender individually, such Lender's outstanding Revolving Loans shall not exceed such Lender's Commitment Percentage of the Revolving Committed Amount, and (ii) with regard to the Lenders collectively, the aggregate principal amount of outstanding the Revolving Loans plus Domestic and the LOC Obligations outstanding plus the aggregate principal amount of outstanding Competitive Loans plus the aggregate principal amount of outstanding Swingline Loans plus the Dollar Amount at any time shall not exceed TWENTY FIVE MILLION DOLLARS ($25,000,000) (as determined as referenced on Schedule 2.1(a), the "Revolving Committed Amount"), (ii) with regard to each Lender individually, such Lender's Revolving Commitment Percentage of the most recent Determination Date) of Revolving Loans and the aggregate principal amount of outstanding Foreign Currency Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of Foreign LOC Obligations outstanding at any time shall not exceed such Lender's Revolving Committed Amount and (iii) the Lenders shall have no obligation to advance Revolving CommittedLoans during the period from and including December 15 through and including January 15 and, as more specifically provided in Section 3.3(b)(i) hereof, no Revolving Loans shall be outstanding during such period. 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 the Credit Agreement and in reliance upon the representations and warranties set forth in the Credit Agreementhereof, each Revolving Lender severally agrees to make available to Xxxx such Lender's Commitment Percentage of revolving credit loans in Dollars (the "Revolving Loans") to the Borrower from time to time from the Closing Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided --------------- in the Credit Agreement amount of such Revolving Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided furtherthat (i) with -------- regard to the Revolving Lenders collectively, however, that the sum of the aggregate principal amount of Revolving Obligations outstanding Revolving Loans at any time shall not exceed SEVENTY-FIVE MILLION DOLLARS (S75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.4, the "Revolving Committed Amount"); provided, further, (i) with regard to each Lender individually, such Lender's outstanding Revolving Loans shall not exceed such Lender's Commitment Percentage of the Aggregate Revolving Committed Amount, and (ii) with regard to the Lenders collectivelyeach Revolving Lender individually, the aggregate principal amount such Revolving Lender's Revolving Commitment Percentage of outstanding Revolving Loans plus Domestic LOC Obligations outstanding plus the aggregate principal amount of outstanding Competitive Loans plus the aggregate principal amount of outstanding Swingline Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of the aggregate principal amount of outstanding Foreign Currency Loans plus the Dollar Amount (as determined as of the most recent Determination Date) of Foreign LOC 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 Revolving CommittedBorrower may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Access Worldwide Communications Inc)

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