Common use of Revolving Loan Commitments Clause in Contracts

Revolving Loan Commitments. Subject to the terms and conditions set forth herein, each Lender severally agrees to make Loans to the Borrower in Dollars from time to time during the Availability Period applicable to such Lender in an aggregate principal amount that will not result in (i) the amount of such Xxxxxx’s Revolving Credit Exposure exceeding such Xxxxxx’s Revolving Loan Commitment or (ii) the sum of the total Revolving Credit Exposures exceeding the sum of all Revolving Loan Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

Appears in 4 contracts

Samples: Credit Agreement (Cleco Corporate Holdings LLC), Credit Agreement (Cleco Power LLC), Credit Agreement (Cleco Power LLC)

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Revolving Loan Commitments. Subject to the terms and conditions set forth herein, each Lender severally agrees to make Loans to the Borrower in Dollars from time to time during the Availability Period applicable to such Lender in an aggregate principal amount that will not result in (i) the amount of such XxxxxxLender’s Revolving Credit Exposure exceeding such XxxxxxLender’s Revolving Loan Commitment or (ii) the sum of the total Revolving Credit Exposures exceeding the sum of all Revolving Loan Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

Appears in 1 contract

Samples: Credit Agreement (Cleco Corporate Holdings LLC)

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