Common use of Revolving Commitments Clause in Contracts

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

Appears in 3 contracts

Samples: Credit Agreement (Benefitfocus,Inc.), Credit Agreement (Benefitfocus,Inc.), Credit Agreement (Benefitfocus,Inc.)

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Revolving Commitments. (a) Subject to the terms and conditions hereof, (1) each Dollar Revolving Lender severally agrees to make revolving credit loans in Dollars (each, a Revolving Loan” and, collectively, the “Dollar Revolving Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Dollar Revolving Percentage of any Swingline Loans the LC Obligations then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such timeoutstanding, does not exceed the amount of such Revolving Lender’s Dollar Revolving Commitment; provided, that the Total Commitment and (2) each Alternative Currency Revolving Extensions of Credit outstanding at such time, after giving effect Lender severally agrees to make revolving credit loans in one or more Alternative Currencies (“Alternative Currency Revolving Loans”) to the making Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Alternative Currency Revolving Percentage of such Revolving Loans, shall not exceed (x) the lesser sum of (i) the Total Revolving Commitments in effect at such time LC Obligations then outstanding and (ii) the Borrowing Base in effect at aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeLender’s Alternative Currency Revolving Commitment. During the Revolving Commitment Period the Borrowers Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Dollar Revolving Loans and Alternative Currency Revolving Loans denominated in Dollars may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. The Alternative Currency Revolving Loans denominated in an Alternative Currency other than Dollars shall be Eurodollar Loans.

Appears in 3 contracts

Samples: Credit Agreement (Davita Inc.), Credit Agreement, Credit Agreement (Davita Healthcare Partners Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” andLoans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, collectively, the Revolving Foreign Currency Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Revolving Lender’s L/C Exposure, if any, at such timeSwingline Exposure then outstanding, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time, after giving effect to time (including the making Dollar Equivalent of such any Revolving Loans, shall Extensions of Credit outstanding in currencies other than Dollars) does not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeCommitments. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 3 contracts

Samples: Credit Agreement (Tempur Sealy International, Inc.), Credit Agreement (Tempur Sealy International, Inc.), Amendment and Restatement Agreement (Tempur Sealy International, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage aggregate principal amount of any Swingline Loans then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn amount of all then outstanding Letters of Credit, and (ii) such Revolving Lender’s the aggregate amount of all L/C ExposureDisbursements that have not yet been reimbursed or converted into Revolving Loans, if any, at incurred on behalf of the Borrower and owing to such timeLender, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided. In addition, that the amount of the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making any requested borrowing of such Revolving Loans, Loans shall not exceed (x) the lesser of (i) the Total Available Revolving Commitments then in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeeffect. During the Revolving Commitment Period Period, the Borrowers Borrower may use the Available Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurodollar Loan.

Appears in 2 contracts

Samples: Credit Agreement (Extreme Networks Inc), Credit Agreement (Extreme Networks Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans denominated in U.S. Dollars (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers Borrowers, in each case from time to time at such Borrower’s request during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans then outstanding and (ii) such Revolving Lender’s L/C ExposureSwingline Exposure then outstanding (which, if anyin the case of the Swingline Lender, shall be the aggregate principal amount of all Swingline Loans outstanding at such time, time less the participation amounts otherwise funded by the Revolving Lenders other than a Swingline Lender) does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making use of such proceeds of any Revolving Loans to repay any Swingline Loans, shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the Borrowers each Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Term Benchmark Loans or ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.7 or 2.14, or pursuant to Section 2.18, RFR Loans.

Appears in 2 contracts

Samples: Credit Agreement (Garden SpinCo Corp), Credit Agreement (Neogen Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) Loans to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s the L/C Exposure, if any, at such timeObligations then outstanding, does not exceed the amount of such Revolving Lender’s Revolving Commitment; providedprovided that any time after the occurrence and during the continuance of a Partial Trigger Event, that the Borrower may not borrow any Revolving Loans if after giving effect to such Revolving Loans the Total Revolving Extensions of Credit outstanding at such time, after giving effect would exceed $100,000,000 (provided that this shall not be a condition precedent with respect to the making issuance of any Letter of Credit to the extent that such Revolving Loans, shall Letter of Credit is Cash Collateralized concurrently with the issuance thereof in an amount not exceed (x) less than the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeMinimum Collateral Amount). During the Revolving Commitment Period the Borrowers Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Subject to Section 2.14, the Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.10.

Appears in 2 contracts

Samples: Credit Agreement (CorePoint Lodging Inc.), Guaranty and Security Agreement (CorePoint Lodging Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each (i) US Revolving Lender severally agrees to make revolving credit loans (each, a Revolving Loan” and, collectively, the “US Revolving Loans”) denominated in Dollars to the Borrowers Company from time to time during the Revolving Commitment Revolver Availability Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s US Revolving Percentage of any Swingline Loans the L/C Obligations then outstanding outstanding, does not exceed such Lender’s US Revolving Commitment and (ii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans (“Multicurrency Revolving Loans” and together with the US Revolving Loans, “Revolving Loans”) denominated in a Multicurrency to the Company and the Foreign Subsidiary Borrowers, from time to time during the Revolver Availability Period in an aggregate principal amount (including the Dollar Equivalent of the aggregate principal amount of any such Multicurrency Revolving Loans denominated in a Multicurrency other than Dollars) at any one time outstanding which does not exceed such Lender’s Multicurrency Revolving Commitment; provided that the aggregate principal amount of US Revolving Loans plus the aggregate principal amount of L/C Exposure, if any, at such time, does Obligations plus the aggregate principal amount of Multicurrency Revolving Loans shall not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that Commitments. Within the Total Revolving Extensions of Credit outstanding at such time, after giving effect foregoing limits and subject to the making of such terms and conditions set forth herein, a Borrower may borrow, prepay and reborrow Revolving Loans. The Loans denominated in Dollars may from time to time be Eurocurrency Loans or ABR Loans, shall not exceed (x) as determined by the lesser of (i) the Total Revolving Commitments in effect at such time Company and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by notified to the Administrative Agent in its Permitted Discretion from time accordance with Section 2.05, subject to timeSection 2.11. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the The Multicurrency Revolving Loans denominated in whole or in part, and reborrowing, all any Multicurrency other than Dollars shall be Eurocurrency Loans in accordance with the terms and conditions hereofSection 2.05.

Appears in 2 contracts

Samples: Credit Agreement (Corelogic, Inc.), Credit Agreement (Corelogic, Inc.)

Revolving Commitments. (ai) Subject to the terms and conditions hereof, each Lender holding a Initial Revolving Lender Commitment severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectivelytogether, the “Initial Revolving Loans”) to the Borrowers (on a joint and several basis as between the Borrowers) from time to time in Dollars or, at the request of the Parent Borrower, in any Designated Foreign Currency during the Initial Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender the Dollar Equivalent of which, when added to such Lender’s Revolving Commitment Percentage of the sum of (i) such Revolving Lender’s Revolving Percentage the Dollar Equivalent of any Swingline Loans the then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such timeObligations and the then outstanding Swing Line Loans, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, Commitment then in effect (after giving effect to the making use of such Revolving Loans, shall not exceed the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) (x) the lesser of (i) the Total Revolving Commitments in effect at such time it being understood and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by agreed that the Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Revolving Loans in its Permitted Discretion from time any Designated Foreign Currency and, to timethe extent applicable, the then outstanding Revolving L/C Obligations in respect of any Revolving Letters of Credit denominated in any Designated Foreign Currency on the date on which the Parent Borrower has given the Administrative Agent a notice of borrowing with respect to any Revolving Loan for purposes of determining compliance with this Section 2.1(c)). During the Initial Revolving Commitment Period Period, the Borrowers may use the Initial Revolving Commitments by borrowing, prepaying the Initial Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof; provided that the amount of Revolving Loans funded on the Closing Date pursuant to Sections 5.17(iii)(a)(1), (iii)(a)(3) and (iii)(c) (in the case of Section 5.17(iii)(c), other than to the extent used for working capital) shall not exceed an aggregate amount of $50,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Hertz Corp), Credit Agreement (Hertz Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereofhereof and relying upon the representations and warranties herein set forth, each Revolving Lender agrees, severally agrees and not jointly, to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Credit Loans”) in Dollars to the Borrowers Borrower or any Domestic Subsidiary Borrower, at any time and from time to time during on and after the Closing Date and until the earlier of the Maturity Date and the termination of the Revolving Commitment Period of such Lender, in an aggregate principal amount at any one time outstanding for each not to exceed such Lender’s Revolving Lender which, when added to Commitment minus the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser pro rata share of (i) the Total then current Revolving Commitments in effect at such time L/C Exposure and (ii) the Borrowing Base in effect aggregate principal amount of the Swingline Loans outstanding at such timetime plus the amount by which the Competitive Loans outstanding at such time shall be deemed to have used such Lender’s Revolving Commitment pursuant to Section 2.20 subject, less however, to the conditions that (ya) Reserves imposed at no time shall (i) the Revolving Credit Exposure exceed (ii) the Total Revolving Commitment and (b) at all times the outstanding aggregate principal amount of all Revolving Credit Loans made by each Revolving Lender shall equal the product of (i) the percentage that its Revolving Commitment represents of the Total Revolving Commitment times (ii) the outstanding aggregate principal amount of all Revolving Credit Loans made pursuant to a notice given by the Administrative Agent in its Permitted Discretion Borrower or any Subsidiary Borrower under Section 2.3. The Revolving Commitments of the Lenders may be terminated or reduced from time to time. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole time pursuant to Section 2.14 or in part, and reborrowing, all in accordance with the terms and conditions hereofSection 7.

Appears in 2 contracts

Samples: Credit Agreement (Wyndham Worldwide Corp), Credit Agreement (Wyndham Worldwide Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” andLoans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, collectively, the Revolving Foreign Currency Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Revolving Lender’s L/C Exposure, if any, at such timeSwingline Exposure then outstanding, does not exceed the amount of such Revolving LenderXxxxxx’s Revolving Commitment; provided, that Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time, after giving effect to time (including the making Dollar Equivalent of such any Revolving Loans, shall Extensions of Credit outstanding in currencies other than Dollars) does not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeCommitments. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, Term Benchmark Loans or RFR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 2 contracts

Samples: Credit Agreement (Tempur Sealy International, Inc.), Credit Agreement (Tempur Sealy International, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each (i) US Revolving Lender severally agrees to make revolving credit loans (each, a Revolving Loan” and, collectively, the “US Revolving Loans”) denominated in Dollars to the Borrowers Company from time to time during the Revolving Commitment Revolver Availability Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving LenderXxxxxx’s US Revolving Percentage of any Swingline Loans the L/C Obligations then outstanding outstanding, does not exceed such Xxxxxx’s US Revolving Commitment and (ii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans (“Multicurrency Revolving Loans” and together with the US Revolving Loans, “Revolving Loans”) denominated in a Multicurrency to the Company and the Foreign Subsidiary Borrowers, from time to time during the Revolver Availability Period in an aggregate principal amount (including the Dollar Equivalent of the aggregate principal amount of any such Multicurrency Revolving Loans denominated in a Multicurrency other than Dollars) at any one time outstanding which does not exceed such Lender’s Multicurrency Revolving Commitment; provided that the aggregate principal amount of US Revolving Loans plus the aggregate principal amount of L/C Exposure, if any, at such time, does Obligations plus the aggregate principal amount of Multicurrency Revolving Loans shall not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that Commitments. Within the Total Revolving Extensions of Credit outstanding at such time, after giving effect foregoing limits and subject to the making of such terms and conditions set forth herein, a Borrower may borrow, prepay and reborrow Revolving Loans. The Loans denominated in Dollars may from time to time be Eurocurrency Loans or ABR Loans, shall not exceed (x) as determined by the lesser of (i) the Total Revolving Commitments in effect at such time Company and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by notified to the Administrative Agent in its Permitted Discretion from time accordance with Section 2.05, subject to timeSection 2.11. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the The Multicurrency Revolving Loans denominated in whole or in part, and reborrowing, all any Multicurrency other than Dollars shall be Eurocurrency Loans in accordance with the terms and conditions hereofSection 2.05.

Appears in 2 contracts

Samples: Credit Agreement (Corelogic, Inc.), Credit Agreement (Corelogic, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C ExposureExposure and/or any Swingline Loans, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the Borrowers Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Notwithstanding anything to the contrary contained herein, during the existence of a Default or an Event of Default, no Revolving Loan may be borrowed as, or converted to or continued as a Eurodollar Loan.

Appears in 2 contracts

Samples: Credit Agreement (Carbonite Inc), Credit Agreement (Carbonite Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, (i) each US$ Revolving Lender severally agrees to make revolving credit loans in Dollars (each, a Revolving Loan” and, collectively, the “US$ Revolving Loans”) to the Parent Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s US$ Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed such Lender’s US$ Revolving Commitment and (ii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans in Dollars and each Alternative Currency (“Multicurrency Revolving Loans”) to the Parent Borrower and the Foreign Subsidiary Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such time, which does not exceed the amount of such Revolving Lender’s Multicurrency Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the relevant Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurocurrency Loans or, in the case of Revolving Loans denominated in Dollars, ABR Loans, as determined by the relevant Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.

Appears in 2 contracts

Samples: Credit Agreement (Roper Industries Inc /De/), Credit Agreement (Roper Industries Inc /De/)

Revolving Commitments. (a) Subject to the terms and conditions hereof, (i) each US$ Revolving Lender severally agrees to make revolving credit loans in Dollars (each, a Revolving Loan” and, collectively, the “US$ Revolving Loans”) to the Parent Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s US$ Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed such Lender’s US$ Revolving Commitment and (ii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans in Dollars and each Alternative Currency (“Multicurrency Revolving Loans”) to the Parent Borrower and the Foreign Subsidiary Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such time, whose Dollar Equivalent does not exceed the amount of such Revolving Lender’s Multicurrency Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the relevant Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurocurrency Loans or, in the case of Revolving Loans denominated in Dollars, ABR Loans, as determined by the relevant Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.11. No Revolving Loans shall be made if the Revolving Extensions of Credit would exceed the Revolving Commitment.

Appears in 1 contract

Samples: Credit Agreement (Roper Industries Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers from time to time during the Revolving Commitment Period Period, (i) each Dollar Revolving Lender severally agrees to make to the Borrower revolving credit loans denominated in Dollars ("DOLLAR REVOLVING LOANS") in an aggregate principal amount at any one time outstanding for each that will not result in such Lender's Revolving Lender which, when added to Loans under the sum of (i) Dollar Revolving Commitments exceeding such Lender's Dollar Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding Commitment and (ii) such each Multicurrency Revolving Lender’s L/C Exposure, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect Lender severally agrees to make to the making of such Borrower revolving credit loans denominated in Dollars or an Alternative Currency ("MULTICURRENCY REVOLVING Loans"; together with the Dollar Revolving Loans, shall the "REVOLVING LOANS") in an aggregate principal amount that will not exceed result at the time of such Borrowing in (xA) the lesser Dollar Amount of such Lender's Revolving Loans under the Multicurrency Revolving Commitments exceeding such Lender's Multicurrency Revolving Commitment or (iB) the Total Dollar Amount of Multicurrency Revolving Commitments Loans in effect at such time and (ii) Alternative Currencies exceeding the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeAlternative Currency Revolving Sublimit. During the Revolving Commitment Period the Borrowers Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurocurrency Loans or, in the case of Dollar Revolving Loans or Multicurrency Revolving Loans in Dollars, ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.04 and 2.06.

Appears in 1 contract

Samples: Credit Agreement (Liberty Media Corp /De/)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding for each Revolving Lender which, when added to the sum Dollar Equivalent of (i) such Revolving Lender’s Revolving Percentage each of the aggregate outstanding amount of any Revolving Loans, any Swingline Loans then Loans, the aggregate undrawn amount of all outstanding Letters of Credit, and (ii) such Revolving Lender’s the aggregate amount of all L/C ExposureDisbursements that have not yet been reimbursed or converted into Revolving Loans, if any, at incurred on behalf of the Borrower and owing to such timeLender, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided. In addition, that (i) the amount of the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, time shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base Dollar Equivalent of all Revolving Loans funded in effect at such time, less (y) Reserves imposed by Foreign Currencies and the Administrative Agent in its Permitted Discretion from time aggregate L/C Exposure with respect to timeForeign Currency Letters of Credit shall not exceed the Foreign Currency Sublimit. During the Revolving Commitment Period the Borrowers Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurocurrency Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurocurrency Loan.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Fitbit Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” andLoans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, collectively, the Revolving Foreign Currency Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Revolving Lender’s L/C Exposure, if any, at such timeSwingline Exposure then outstanding, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time, after giving effect to time (including the making Dollar Equivalent of such any Revolving Loans, shall Extensions of Credit outstanding in currencies other than Dollars) does not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeCommitments. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 1 contract

Samples: Credit Agreement (Tempur Sealy International, Inc.)

Revolving Commitments. (a) Subject to If the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, Administrative Agent notifies the “Revolving Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount Parent at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding Outstandings at such timetime exceed the Aggregate Revolving Commitments then in effect (and, in the case of any such excess resulting from exchange rate fluctuations, such excess continues for a period of three (3) consecutive Business Days), then, within two Business Days after giving effect receipt of such notice, the Borrowers shall prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Aggregate Revolving Commitments then in effect; provided, however, that, subject to the making 66 provisions of such Section 2.03(g), the Borrowers shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.08(b)(i) unless after the prepayment in full of the Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect. All amounts required to be paid pursuant to this Section 2.08(b) shall be applied first, ratably to the L/C Borrowings and the Swing Line Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations. Within the parameters of the applications set forth above, prepayments shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time be applied first to Base Rate Loans and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time then to time. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Eurocurrency Rate Loans in whole direct order of Interest Period maturities. All prepayments under this Section 2.08(b) shall be subject to Section 3.05, but otherwise without premium or in partpenalty, and reborrowing, all in accordance with shall be accompanied by interest on the terms and conditions hereofprincipal amount prepaid through the date of prepayment.

Appears in 1 contract

Samples: Credit Agreement (Brightpoint Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to such Lender’s Revolving Percentage of the sum of (i) such Revolving Lender’s Revolving Percentage the L/C Obligations then outstanding, (ii) the Magellan Reserve, and (iii) the aggregate principal amount of any the Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such timeoutstanding, does not exceed the amount of such Revolving Lender’s Revolving Commitment; providedCommitment provided however, notwithstanding the foregoing each Revolving Lender shall make Revolving Loans to the Borrower during the Revolving Commitment Period in an amount not to exceed such Lender’s Revolving Percentage of the Magellan Reserve to the extent that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of Borrower utilizes such Revolving LoansLoans to repay, shall not exceed (x) or fund in escrow with respect to, amounts owing under the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeMagellan Seller Notes. During the Revolving Commitment Period the Borrowers Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.

Appears in 1 contract

Samples: Credit Agreement (Rem Arrowhead, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (eacheach such loan, a “Committed Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers Borrower in Dollars from time to time time, on any Business Day during the Revolving Commitment Period Availability Period, in an aggregate principal amount not to exceed at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, however, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such any Committed Revolving LoansBorrowing, shall not exceed (x) the lesser of (i) the Total Outstandings shall not exceed the Aggregate Revolving Commitments in effect at such time Commitments, and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by aggregate Outstanding Amount of the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Committed Revolving Loans in whole or in partof any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Within the limits of each Lender’s Revolving Commitment, and reborrowing, all in accordance with subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans, unless the Borrower submits a funding indemnity letter, in form and substance satisfactory to the Administrative Agent at least three (3) Business Days prior to the Closing Date, for any Eurodollar Rate Loans requested to be made on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Citrix Systems Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, (i) each US$ Revolving Lender severally agrees to make revolving credit loans in Dollars (each, a Revolving Loan” and, collectively, the “US$ Revolving Loans”) to the Parent Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s US$ Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed such Lender’s US$ Revolving Commitment and (ii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans in Dollars and each Alternative Currency (“Multicurrency Revolving Loans”) to the Parent Borrower and the Foreign Subsidiary Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such time, which does not exceed the amount of such Revolving Lender’s Multicurrency Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the relevant Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurocurrency Loans or, in the case of Revolving Loans denominated in Dollars, ABR Loans, as determined by the relevant Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. No Revolving Loans shall be made if the Revolving Extensions of Credit would exceed the Revolving Commitment.

Appears in 1 contract

Samples: Credit Agreement (Roper Industries Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum aggregate outstanding amount of (i) such Revolving Lender’s Revolving Percentage the Swingline Loans, the Dollar Equivalent of any Swingline Loans then the aggregate undrawn amount of all outstanding Letters of Credit, and (ii) such Revolving Lender’s the Dollar Equivalent of the aggregate amount of all L/C ExposureDisbursements that have not yet been reimbursed or converted into Revolving Loans or Swingline Loans, if any, at incurred on behalf of the Borrower and owing to such timeLender, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided. In addition, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, aggregate obligations shall not at any time exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the Borrowers Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not be more than a total of seven SOFR Borrowings outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (SmartRent, Inc.)

Revolving Commitments. (axiv) Subject to the terms and conditions hereof, each Lender holding a Initial Revolving Lender Commitment severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectivelytogether, the “Initial Revolving Loans”) to the Borrowers (on a joint and several basis as between the Borrowers) from time to time in Dollars or, at the request of the Parent Borrower, in any Designated Foreign Currency during the Initial Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender the Dollar Equivalent of which, when added to such Lender’s Revolving Commitment Percentage of the sum of (i) such Revolving Lender’s Revolving Percentage the Dollar Equivalent of any Swingline Loans the then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such timeObligations and the then outstanding Swing Line Loans, does not exceed the amount of such Revolving LenderXxxxxx’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, Commitment then in effect (after giving effect to the making use of such Revolving Loans, shall not exceed the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) (x) the lesser of (i) the Total Revolving Commitments in effect at such time it being understood and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by agreed that the Administrative Agent in its Permitted Discretion from time to time. During shall calculate the Revolving Commitment Period Dollar Equivalent of the Borrowers may use the Revolving Commitments by borrowing, prepaying the then outstanding Revolving Loans in whole or any Designated Foreign Currency and, to the extent applicable, the then outstanding Revolving L/C Obligations in part, and reborrowing, all respect of any Revolving Letters of Credit denominated in accordance any Designated Foreign Currency on the date on which the Parent Borrower has given the Administrative Agent a notice of borrowing with the terms and conditions hereof.respect 103

Appears in 1 contract

Samples: Credit Agreement (Hertz Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers from time to time during the Revolving Commitment Period Period, (i) each Dollar Revolving Lender severally agrees to make to the Borrower revolving credit loans denominated in Dollars ("DOLLAR REVOLVING LOANS") in an aggregate principal amount at any one time outstanding for each that will not result in such Lender's Revolving Lender which, when added to Loans under the sum of (i) Dollar Revolving Commitments exceeding such Lender's Dollar Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding Commitment and (ii) such each Multicurrency Revolving Lender’s L/C Exposure, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect Lender severally agrees to make to the making of such Borrower revolving credit loans denominated in Dollars or an Alternative Currency ("MULTICURRENCY REVOLVING LOANS"; together with the Dollar Revolving Loans, shall the "REVOLVING LOANS") in an aggregate principal amount that will not exceed result at the time of such Borrowing in (xA) the lesser Dollar Amount of such Lender's Revolving Loans under the Multicurrency Revolving Commitments exceeding such Lender's Multicurrency Revolving Commitment or (iB) the Total Dollar Amount of Multicurrency Revolving Commitments Loans in effect at such time and (ii) Alternative Currencies exceeding the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeAlternative Currency Revolving Sublimit. During the Revolving Commitment Period the Borrowers Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurocurrency Loans or, in the case of Dollar Revolving Loans or Multicurrency Revolving Loans in Dollars, ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.04 and 2.06.

Appears in 1 contract

Samples: Credit Agreement (Liberty Media Corp /De/)

Revolving Commitments. (a) Subject to the terms and conditions hereof, (1) each Dollar Revolving Lender severally agrees to make revolving credit loans in Dollars (each, a Revolving Loan” and, collectively, the “Dollar Revolving Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for which does not exceed the amount of such Lender’s Dollar Revolving Commitment and (2) each Alternative Currency Revolving Lender severally agrees to make revolving credit loans in one or more Alternative Currencies (“Alternative Currency Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Alternative Currency Revolving Percentage of the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans the LC Obligations then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such timethe aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Revolving Lender’s Alternative Currency Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the Borrowers Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Dollar Revolving Loans and Alternative Currency Revolving Loans denominated in Dollars may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. The Alternative Currency Revolving Loans denominated in an Alternative Currency other than Dollars shall be Eurodollar Loans.

Appears in 1 contract

Samples: Credit Agreement (Davita Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) Loans to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans (under the Revolving Facility) then outstanding and (ii) such Revolving Lender’s L/C ExposureExposure (under the Revolving Facility), if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser of (i) the Total Revolving Commitments (under the Revolving Facility) in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period applicable to the Borrowers Revolving Facility the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13. Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurodollar Loan.

Appears in 1 contract

Samples: Credit Agreement (FTC Solar, Inc.)

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Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” andLoans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, collectively, the Revolving Foreign Currency Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans the sum of (x) the L/ C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Revolving Lender’s L/C Exposure, if any, at such timeSwingline Exposure then outstanding, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time, after giving effect to time (including the making Dollar Equivalent of such any Revolving Loans, shall Extensions of Credit outstanding in currencies other than Dollars) does not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeCommitments. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 1 contract

Samples: Credit Agreement (Tempur Sealy International, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “"Revolving Loans") to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to such Revolving Lender's Revolving Commitment Percentage of the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans the then outstanding and (ii) such Revolving Lender’s L/C ExposureObligations, if any, at the aggregate principal amount of then outstanding Swing Line Loans and the Dollar Equivalent of the then outstanding principal amount of Fronted Offshore Loans (after giving effect to the use of proceeds of such timeRevolving Loans), does not exceed the amount of such Revolving Lender’s 's Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such timeCommitment and provided that, after giving effect to the making of such Revolving LoansLoan and the use of proceeds thereof, shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and Dollar Equivalent of the aggregate outstanding principal amount of Offshore Currency Loans does not exceed the Offshore Currency Sublimit for all Offshore Currency Loans, (ii) the Borrowing Base Dollar Equivalent of the aggregate outstanding principal amount of Offshore Currency Loans in effect at any Offshore Currency does not exceed the Offshore Currency Sublimit for Offshore Currency Loans in such timeOffshore Currency and (iii) the aggregate outstanding principal amount of all Revolving Loans made in Dollars to any Subsidiary Borrower shall not, less (y) Reserves imposed by together with the Administrative Agent in its Permitted Discretion from time Dollar Equivalent of all outstanding Revolving Offshore Loans made to timesuch Subsidiary Borrower, exceed $75,000,000. During the Revolving Commitment Period the Borrowers Period, each Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Young & Rubicam Inc)

Revolving Commitments. (a) Subject to and upon the terms and conditions hereofset forth in this Agreement, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Conventional Revolving Loans”) to the Borrowers from time Company on any one or more Business Days on or after the date hereof and prior to time during the Revolving Commitment Period in Credit Termination Date, up to an aggregate principal amount not exceeding at any one time outstanding for each Revolving Lender which, when added an amount equal to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and Commitment less (ii) the principal amount of all Alternate Currency Loans (each calculated in its Dollar equivalent on the Borrowing Date of such Conventional Revolving Lender’s L/C Exposure, if any, Loan) and Discretionary Revolving Loans outstanding to such Lender and the LC Exposure of such Lender at such time, does not exceed if any; provided that in no event shall the aggregate outstanding principal amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Conventional Revolving Loans, shall not exceed Discretionary Revolving Loans, Alternate Currency Loans (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent each calculated in its Permitted Discretion Dollar equivalent) and the aggregate LC Exposure ever exceed $2,250,000,000, as such amount may be increased or reduced pursuant to the terms of this Agreement. Each Conventional Revolving Borrowing shall be in an aggregate amount of not less than $2,000,000 and an integral multiple of $250,000. Subject to the foregoing, each Conventional Revolving Borrowing shall be made simultaneously from time the Lenders according to time. During their Borrowing Pro Rata Shares of the principal amount requested for each Conventional Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Borrowing and shall consist of Conventional Revolving Loans in whole of the same type (e.g., Alternate Base Rate Loans, Federal Funds Rate Loans or in part, and reborrowing, all in accordance Eurodollar Loans) with the terms same Interest Period from each Lender. Within such limits and conditions hereofduring such period, the Company may borrow, repay and reborrow under this Section 2.01(a).

Appears in 1 contract

Samples: Credit Agreement (Cox Enterprises Inc Et Al)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each (i) US Revolving Lender severally agrees to make revolving credit loans (each, a Revolving Loan” and, collectively, the “US Revolving Loans”) denominated in Dollars to the Borrowers Company from time to time during the Revolving Commitment Revolver Availability Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving LenderXxxxxx’s US Revolving Percentage of any Swingline Loans the L/C Obligations then outstanding outstanding, does not exceed such Xxxxxx’s US Revolving Commitment and (ii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans (“Multicurrency Revolving Loans” and together with the US Revolving Loans, “Revolving Loans”) denominated in a Multicurrency to the Company and the Foreign Subsidiary Borrowers, from time to time during the Revolver Availability Period in an aggregate principal amount (including the Dollar Equivalent of the aggregate principal amount of any such Multicurrency Revolving Lender’s L/C Exposure, if any, Loans denominated in a Multicurrency other than Dollars) at such time, any one time outstanding which does not exceed the amount of such Revolving Lender’s Multicurrency Revolving Commitment; provided, that . Within the Total Revolving Extensions of Credit outstanding at such time, after giving effect foregoing limits and subject to the making of such terms and conditions set forth herein, a Borrower may borrow, prepay and reborrow Revolving Loans. The Loans denominated in Dollars may from time to time be Eurocurrency Loans or ABR Loans, shall not exceed (x) as determined by the lesser of (i) the Total Revolving Commitments in effect at such time Company and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by notified to the Administrative Agent in its Permitted Discretion from time to timeaccordance with Section 2.05. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the The Multicurrency Revolving Loans denominated in whole or in part, and reborrowing, all any Multicurrency other than Dollars shall be Eurocurrency Loans in accordance with the terms and conditions hereofSection 2.05.

Appears in 1 contract

Samples: Credit Agreement (Corelogic, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender (acting through any of its branches or affiliates) severally agrees to make revolving credit loans (each, a “Revolving Loan” andLoans”) in Dollars or in one or more Foreign Currencies (such Revolving Loans, collectively, the Revolving Foreign Currency Loans”) to the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added (after giving effect to the use of proceeds thereof) to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Revolving Lender’s L/C Exposure, if any, at such timeSwingline Exposure then outstanding, does not exceed the amount of such Revolving LenderXxxxxx’s Revolving Commitment; provided, that Commitment and (iii) the Total Revolving Extensions of Credit outstanding at such time, after giving effect to time (including the making Dollar Equivalent of such any Revolving Loans, shall Extensions of Credit outstanding in currencies other than Dollars) does not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeCommitments. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Revolving Loans may from time to time be Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans or Term Benchmark Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

Appears in 1 contract

Samples: Credit Agreement (Tempur Sealy International, Inc.)

Revolving Commitments. From the Third RestatementSecond Amendment Effective Date to the Revolving Facility Termination Date, (a) Subject to each Lender severally agrees, on the terms and conditions hereofset forth in this Agreement, to make Revolving Loans to the Company from time to time, (b) each BSub Lender with respect to a Borrowing Subsidiary severally agrees, on the terms and conditions set forth in this Agreement, to make Multicurrency Revolving Loans to such Borrowing Subsidiary (and each other Lender severally agrees that it will purchase a participation in each such Revolving Loan if required pursuant to Section 2.25) and (c) each Issuer agrees tothat it may, in its sole discretion, issue Letters of Credit denominated in Agreed Currencies for the account of any Borrower from time to time (and each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers from time to time during the Revolving Commitment Period participate in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions Letter of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser of as more fully set forth in Section 2.18); provided that (i) the Total Aggregate Outstanding Revolving Commitments in effect Credit Exposure shall not at such any time and exceed the Aggregate Revolving Commitment, (ii) the Borrowing Base in effect Outstanding Revolving Credit Exposure of any Lender shall not at any time exceed such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Lender’s Revolving Commitment Period and (iii) the aggregate Dollar Amount of all outstanding Multicurrency Revolving Loans, LC Exposure not denominated in Dollars and Swingline Exposure not denominated in Dollars shall not at any time exceed $100,000,000. Subject to the terms of this Agreement, the Borrowers may use borrow, repay and reborrow at any time prior to the Revolving Facility Termination Date. The Revolving Commitments by borrowing, prepaying shall expire on the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereofFacility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Bemis Co Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”, which shall be comprised of Extended Revolving Loans and Non-Extended Revolving Loans) to the Borrowers Borrower from time to time at the Borrower’s request during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to such Lender’s Revolving Percentage of the sum of (i) such the L/C Obligations with respect to Revolving Lender’s Revolving Percentage Letters of any Swingline Loans Credit then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such time, the aggregate principal amount of the Swingline Loans then outstanding does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the Borrowers Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.7 and/or 2.14. On and after the Fifth Amendment Effective Date (and without further action), all Revolving Loans shall first be made under the Extended Revolving Facility, to the extent of availability thereunder, and then under the Non-Extended Revolving Facility, to the extent of availability thereunder.

Appears in 1 contract

Samples: Credit Agreement (Tenneco Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage aggregate principal amount of any Swingline Loans then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn amount of all then outstanding Letters of Credit, and (ii) such Revolving Lender’s the aggregate amount of all L/C ExposureDisbursements that have not yet been reimbursed or converted into Revolving Loans, if any, at incurred on behalf of the Borrower and owing to such timeLender, does not exceed the amount of such Revolving LenderXxxxxx’s Revolving Commitment; provided. In addition, that the amount of the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making any requested borrowing of such Revolving Loans, Loans shall not exceed (x) the lesser of (i) the Total Available Revolving Commitments then in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeeffect. During the Revolving Commitment Period Period, the Borrowers Borrower may use the Available Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.11. Notwithstanding anything to the contrary contained herein, during the existence and continuation of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a SOFR Loan.

Appears in 1 contract

Samples: Credit Agreement (Extreme Networks Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate Dollar Equivalent principal amount at any one time outstanding for each Revolving Lender which, when added to such Lender’s Revolving Percentage of the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans the L/C Obligations then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such timethe aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Revolving Lender’s Revolving Commitment; providedprovided that after giving effect to any such Revolving Loans, that (x) the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed the Total Revolving Commitments and (x) the lesser of (iy) the Total Revolving Commitments Extensions of Credit denominated in effect at such time and (ii) Alternative Currencies shall not exceed the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeAlternative Currency Sublimit. During the Revolving Commitment Period the Borrowers Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (MPT Operating Partnership, L.P.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, (i) each US$ Revolving Lender severally agrees to make revolving credit loans in Dollars (each, a Revolving Loan” and, collectively, the “US$ Revolving Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to such Lender’s US$ Revolving Percentage of the sum of (ix) such Revolving Lender’s Revolving Percentage of any Swingline Loans the L/C Obligations then outstanding and (iiy) such Revolving Lender’s L/C Exposure, if any, at such timethe aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Revolving Lender’s US$ Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time Commitment and (ii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans in Dollars and each Alternative Currency (“Multicurrency Revolving Loans”) to the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion Borrower from time to timetime during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed such Lender’s Multicurrency Revolving Commitment. During the Revolving Commitment Period the Borrowers Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurocurrency Loans or, in the case of Revolving Loans denominated in Dollars, ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. The Borrower may not borrow, and the Revolving Lenders shall be under no obligations to make available, Revolving Loans on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Church & Dwight Co Inc /De/)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectivelytogether, the “Revolving Loans”) to each of the Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to such Lender’s Revolving Commitment Percentage of the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans the then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such timeObligations and the then outstanding Swing Line Loans, does not exceed the amount of such Revolving Lender’s Revolving CommitmentCommitment then in effect; provided, provided that the Total (x) no Lender shall make any Revolving Extensions of Credit outstanding at such timeLoan in any Designated Foreign Currency if, after giving effect to the making of such Revolving LoansLoan, shall not the sum of the Dollar Equivalent of the then outstanding Revolving Loans in Designated Foreign Currencies and the then outstanding L/C Obligations in respect of Letters of Credit denominated in any L/C Designated Foreign Currency would exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time $50.0 million and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the aggregate principal amount of Revolving Loans made to Foreign Subsidiary Borrowers and L/C Obligations in respect of Letters of Credit issued on behalf of Foreign Subsidiary Borrowers shall at no time exceed the Dollar Equivalent of $50.0 million (it being understood and agreed that the Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Revolving Loans in its Permitted Discretion from time any Designated Foreign Currency and, to timethe extent applicable, the then outstanding L/C Obligations in respect of any Letters of Credit denominated in any L/C Designated Foreign Currency on the date on which the Parent Borrower has given the Administrative Agent a notice of borrowing with respect to any Revolving Loan for purposes of determining compliance with this subsection 2.1). During the Revolving Commitment Period Period, each of the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Servicemaster Co)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage aggregate principal amount of any Swingline Loans then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn amount of all then outstanding Letters of Credit, and (ii) such Revolving Lender’s the aggregate amount of all L/C ExposureDisbursements that have not yet been reimbursed or converted into Revolving Loans, if any, at incurred on behalf of the Borrower and owing to such timeLender, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided. In addition, that the amount of the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making any requested borrowing of such Revolving Loans, Loans shall not exceed (x) the lesser of (i) the Total Available Revolving Commitments then in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to timeeffect. During the Revolving Commitment Period Period, the Borrowers Borrower may use the Available Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowingborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.11. Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurodollar Loan.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Extreme Networks Inc)

Revolving Commitments. (a) Subject i)Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Revolving Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to such Lender’s Revolving Percentage of the sum of (i) the aggregate Outstanding Amount of L/C Obligations at such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding time and (ii) such Revolving Lender’s L/C Exposure, if any, the aggregate Outstanding Amount of the Swingline Loans at such time, does not exceed the amount of such Revolving LenderXxxxxx’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the Revolving Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans (other than Revolving Loans denominated in Dollars or Sterling) may from time to time be Eurocurrency Loans or, with respect to Revolving Loans denominated in Dollars, Term SOFR Loans or ABR Loans, as determined by the applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. Revolving Loans denominated in Sterling shall be Sterling Daily Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (CLARIVATE PLC)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (eacheach such loan, a “Committed Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers Borrower in Dollars from time to time time, on any Business Day during the Revolving Commitment Period Availability Period, in an aggregate principal amount not to exceed at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, however, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such any Committed Revolving LoansBorrowing, shall not exceed (x) the lesser of (i) the Total Outstandings shall not exceed the Aggregate Revolving Commitments in effect at such time Commitments, and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by aggregate Outstanding Amount of the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Committed Revolving Loans in whole or in partof any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Within the limits of each Lender’s Revolving Commitment, and reborrowing, all in accordance with subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans, unless the Borrower submits a funding indemnity letter, in form and substance satisfactory to the Administrative Agent at least one (1) Business Day prior to the Closing Date, for any Eurodollar Rate Loans requested to be made on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Citrix Systems Inc)

Revolving Commitments. Each Revolving Lender severally agrees, on the terms and conditions set forth herein, to make loans in Dollars or in an Offshore Currency to a Borrower (aeach such loan, a "Revolving Loan") Subject from time to time on any Business Day during the period from the Closing Date to the Commitment Termination Date, in an aggregate Equivalent Amount not to exceed at any time outstanding such Revolving Lender's Revolver Pro Rata Share of the Total Revolving Commitment Amount less the Effective Amount of all outstanding Revolving Loans (after giving effect to the Revolving Loans (including for purposes hereof Swingline Loans) made on such Business Day) less the Effective Amount of all outstanding Letter of Credit Obligations (after giving effect to the Letters of Credit Issued on such Business Day). The commitment of each Revolving Lender described in this Section 2.1(a) is herein referred to as such Revolving Lender's "Revolving Commitment" and, with respect to any Revolving Lender, means the principal amount set forth opposite such Revolving Lender's name on Schedule 2.1 hereto (or as set forth in any applicable Assignment and Acceptance Agreement) as such commitment may have been or may hereafter be adjusted pursuant to the terms of this Agreement. Within the limits of each Revolving Lender's Revolving Commitment, and subject to the other terms and conditions hereof, each any Borrower may borrow Revolving Lender severally agrees to make revolving credit loans (eachLoans under this Section 2.1, a “prepay under Section 2.6 and reborrow Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrowers from time to time during the Revolving Commitment Period Loans under this Section 2.1. All Credit Extensions denominated in an aggregate principal amount Offshore Currency shall not at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed (x) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereofOffshore Currency Sublimit.

Appears in 1 contract

Samples: Credit Agreement (Trylon Corp/Mi/)

Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each (i) US Revolving Lender severally agrees to make revolving credit loans (each, a Revolving Loan” and, collectively, the “US Revolving Loans”) denominated in Dollars to the Borrowers Company from time to time during the Revolver Availability Period in an aggregate principal amount at one time outstanding which, when added to such Xxxxxx’s US Revolving Percentage of the L/C Obligations then outstanding, does not exceed such Xxxxxx’s US Revolving Commitment and (ii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans (“Multicurrency Revolving Loans” and together with the US Revolving Loans, “Revolving Loans”) denominated in a Multicurrency to the Company and the Foreign Subsidiary Borrowers, from time to time during the Revolver Availability Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to the sum of (i) such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such time, which does not exceed the amount of such Revolving LenderXxxxxx’s Multicurrency Revolving Commitment; provided, that . Within the Total Revolving Extensions of Credit outstanding at such time, after giving effect foregoing limits and subject to the making of such terms and conditions set forth herein, a Borrower may borrow, prepay and reborrow Revolving Loans. The Loans denominated in Dollars may from time to time be Eurocurrency Loans or ABR Loans, shall not exceed (x) as determined by the lesser of (i) the Total Revolving Commitments in effect at such time Company and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by notified to the Administrative Agent in its Permitted Discretion from time to timeaccordance with Section 2.05. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the The Multicurrency Revolving Loans denominated in whole or in part, and reborrowing, all any other Multicurrency shall be Eurocurrency Loans in accordance with the terms and conditions hereofSection 2.05.

Appears in 1 contract

Samples: Credit Agreement (Corelogic, Inc.)

Revolving Commitments. (ai) Subject to the terms and conditions hereof, each Lender holding a Tranche B-1 Revolving Lender Commitment severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectivelytogether, the “Tranche B-1 Revolving Loans”) to the Borrowers (on a joint and several basis as between the Borrowers) from time to time in Dollars or, at the request of the Parent Borrower, in any Designated Foreign Currency during the Tranche B-1 Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender the Dollar Equivalent of which, when added to such Lender’s Revolving Commitment Percentage of the sum of (i) such Revolving Lender’s Revolving Percentage the Dollar Equivalent of any Swingline Loans the then outstanding and (ii) such Revolving Lender’s L/C Exposure, if any, at such timeObligations and the then outstanding Swing Line Loans, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, Commitment then in effect (after giving effect to the making use of such Revolving Loans, shall not exceed the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) (x) the lesser of (i) the Total Revolving Commitments in effect at such time it being understood and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by agreed that the Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Revolving Loans in its Permitted Discretion from time any Designated Foreign Currency and, to timethe extent applicable, the then outstanding L/C Obligations in respect of any Letters of Credit denominated in any Designated Foreign Currency on the date on which the Parent Borrower has given the Administrative Agent a notice of borrowing with respect to any Revolving Loan for purposes of determining compliance with this Section 2.1(b)). During the Tranche B-1 Revolving Commitment Period Period, the Borrowers may use the Tranche B-1 Revolving Commitments by borrowing, prepaying the Tranche B-1 Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Hertz Global Holdings, Inc)

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