Common use of Revolving Loan Commitment Clause in Contracts

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has been terminated as provided herein); provided, however, that (i) the sum of the aggregate amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount and (ii) with respect to each individual Lender, the Lender's pro rata share of outstanding Revolving Loans plus such Lender's pro rata share of outstanding LOC Obligations shall not exceed such Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 6 contracts

Samples: Credit Agreement (Varsity Spirit Corporation), Credit Agreement (Knoll Inc), Credit Agreement (Riddell Sports Inc)

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Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Closing Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has Commitments have been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount and (ii) with respect to each individual Lender, the Lender's pro rata share sum of the aggregate principal amount of outstanding Revolving Loans of such Lender plus such Lender's pro rata share ’s Pro Rata Share of the aggregate principal amount of outstanding LOC L/C Obligations and Swing Line Loans shall not exceed such Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount’s Commitment. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 4 contracts

Samples: And Restatement of Credit Agreement (Public Service Co of New Mexico), Credit Agreement (Public Service Co of New Mexico), Credit Agreement (Texas New Mexico Power Co)

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a "Revolving Loan" or "Loan" and collectively the "Revolving Loans" or "Loans") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Closing Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has Commitments have been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC outstanding L/C Obligations outstanding shall not exceed the Revolving Committed Amount and (ii) with respect to each individual Lender, the Lender's pro rata share sum of the aggregate principal amount of outstanding Revolving Loans plus such Lender's pro rata share the aggregate principal amount of outstanding LOC L/C Obligations of such Lender shall not exceed such Lender's Revolving Loan Commitment Percentage Pro Rata Share of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 3 contracts

Samples: Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc)

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Closing Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has Commitments have been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount and (ii) with respect to each individual Lender, the Lender's pro rata share aggregate principal amount of outstanding Revolving Loans plus of such Lender's pro rata share of outstanding LOC Obligations Lender shall not exceed such Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount’s Commitment. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 2 contracts

Samples: Credit Agreement (Public Service Co of New Mexico), Credit Agreement (Public Service Co of New Mexico)

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender who has a Revolving Loan Commitment Percentage that is greater than zero (the "Revolving Loan Lenders") severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has been terminated as provided herein)) equal to its Revolving Loan Commitment Percentage of each of the Revolving Loans requested by the Borrower; provided, however, that (i) the sum of the aggregate amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount and (ii) with respect to each individual Revolving Loan Lender, the Revolving Loan Lender's pro rata share of outstanding Revolving Loans plus such Revolving Loan Lender's pro rata share of outstanding LOC Obligations shall not exceed such Revolving Loan Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 2 contracts

Samples: Credit Agreement (Ivex Packaging Corp /De/), Credit Agreement (Ivex Packaging Corp /De/)

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has been terminated as provided herein); provided, however, that (i) the sum of the aggregate amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount and (ii) with respect to each individual Lender, the Lender's pro rata share of outstanding Revolving Loans plus such Lender's pro rata share of outstanding LOC Obligations shall not exceed such Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Highwoods Forsyth L P)

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has been terminated as provided herein); provided, however, that (i) the sum of the aggregate amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the Borrowing Base Assets and (ii) with respect to each individual Lender, the Lender's pro rata share of outstanding Revolving Loans plus such Lender's pro rata share of outstanding LOC Obligations shall not exceed such Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Sports & Recreation Inc)

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, including but not limited to Section 5.2, each Lender severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has been terminated as provided herein); provided, however, that (i) the sum of the aggregate amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount and (ii) with respect to each individual Lender, the Lender's pro rata share of outstanding Revolving Loans plus such Lender's pro rata share of outstanding LOC Obligations shall not exceed such Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Dispatch Management Services Corp)

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has been terminated as provided herein); provided, however, that (i) the sum of the aggregate principal amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the lesser of (A) the Revolving Committed Amount and (B) Facility Availability, (ii) with respect to each individual Lender, the Lender's ’s pro rata share of outstanding Revolving Loans plus such Lender's ’s pro rata share of outstanding LOC Obligations plus (other than the Swing Line Lender) such Lender’s pro rata share of Swing Line Loans shall not exceed such Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount’s Commitment. Subject to the terms of this Credit Agreement (including Section 3.3)Agreement, the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Pan Pacific Retail Properties Inc)

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each New Credit Agreement Lender severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has been terminated as provided herein); provided, however, that (i) the sum of the aggregate amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations Swingline Loans outstanding shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the Borrowing Base, and (ii) with respect to each individual New Credit Agreement Lender, the such New Credit Agreement Lender's pro rata share of outstanding Revolving Loans plus such Lender's pro rata share of outstanding LOC Obligations shall not exceed such New Credit Agreement Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

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Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has been terminated as provided herein); provided, however, that (i) the sum of the aggregate principal amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount and Amount, (ii) with respect to each individual Lender, the Lender's ’s pro rata share of outstanding Revolving Loans plus such Lender's ’s pro rata share of outstanding LOC Obligations plus (other than the Swing Line Lender) such Lender’s pro rata share of Swing Line Loans shall not exceed such Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount’s Commitment. Subject to the terms of this Credit Agreement (including Section 3.3)Agreement, the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Pan Pacific Retail Properties Inc)

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") to the BorrowerBorrowers, in Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has been terminated as provided herein); provided, however, that (i) the sum of the aggregate amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding plus the aggregate amount of Swing Line Loans outstanding shall not exceed the lesser of (A) the Revolving Committed Amount and (B) the Borrowing Base Assets and (ii) with respect to each individual Lender, the Lender's pro rata share of outstanding Revolving Loans plus such Lender's pro rata share of outstanding LOC Obligations plus such Lender's (other than NationsBank) pro rata share of outstanding Swing Line Loans shall not exceed such Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.Revolving

Appears in 1 contract

Samples: Credit Agreement (Gerber Childrenswear Inc)

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Closing Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has Commitments have been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount and (ii) with respect to each individual Lender, the Lender's pro rata share sum of the aggregate principal amount of outstanding Revolving Loans plus of such Lender's pro rata share of outstanding LOC Obligations Lender shall not exceed such Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount’s Commitment. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Texas New Mexico Power Co)

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each New Credit Agreement Lender that has a Revolving Loan Commitment Percentage severally agrees to make revolving loans (each a "Revolving Loan" and collectively the "Revolving Loans") to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has been terminated as provided herein); provided, however, that (i) the sum of the aggregate amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations Swingline Loans outstanding shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the Borrowing Base, and (ii) with respect to each individual New Credit Agreement Lender, the such New Credit Agreement Lender's pro rata share of outstanding Revolving Loans plus such Lender's pro rata share of outstanding LOC Obligations shall not exceed such New Credit Agreement Lender's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3b), the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a "Revolving Loan" ” or “Loan” and collectively the "Revolving Loans"” or “Loans”) in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Closing Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Revolving Committed Amount has Commitments have been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC outstanding L/C Obligations outstanding shall not exceed the Revolving Committed Amount and (ii) with respect to each individual Lender, the Lender's pro rata share sum of the aggregate principal amount of outstanding Revolving Loans plus such Lender's pro rata share the aggregate principal amount of outstanding LOC L/C Obligations of such Lender shall not exceed such Lender's Revolving Loan Commitment Percentage ’s Pro Rata Share of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Texas New Mexico Power Co)

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