The Loans and the Letters of Credit Sample Clauses

The Loans and the Letters of Credit. 28 Section 2.1 Extension of Credit..................................................... 28 Section 2.2 Manner of Borrowing and Disbursement of Loans........................... 29 Section 2.3 Interest................................................................ 34 Section 2.4 Fees.................................................................... 36 Section 2.5 Prepayment/Reduction of Commitment...................................... 38 Section 2.6 Repayment............................................................... 39 Section 2.7 Revolving Loan Notes; Loan Accounts..................................... 40 Section 2.8 Manner of Payment....................................................... 41 Section 2.9 Reimbursement........................................................... 44 Section 2.10 Pro Rata Treatment...................................................... 45
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The Loans and the Letters of Credit. 28 Section 2.1 Extension of Credit 28 Section 2.2 Manner of Borrowing and Disbursement of Loans. 30 Section 2.3 Interest 35 Section 2.4 Fees 36 Section 2.5 Prepayment/Reduction of Commitment 37 Section 2.6 Repayment 38 Section 2.7 Notes; Loan Accounts 39 Section 2.8 Manner of Payment 40 Section 2.9 Reimbursement 42 Section 2.10 Pro Rata Treatment 42 Section 2.11 Application of Payments 43 Section 2.12 Use of Proceeds 44 Section 2.13 All Obligations to Constitute One Obligation 45 Section 2.14 Maximum Rate of Interest 45 Section 2.15 Letters of Credit 45 ARTICLE 3 CONDITIONS PRECEDENT 50 Section 3.1 Conditions Precedent to Initial Advance 51 Section 3.2 Conditions Precedent to Each Advance 55 Section 3.3 Conditions Precedent to Each Letter of Credit. 56
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The Loans and the Letters of Credit. Section 2.1 Credit 18 Section 2.2 Manner of Borrowing and Disbursement of Loans 19 Section 2.3 Interest 20 Section 2.4 Fees 22 Section 2.5 Prepayment of Advances 23 Section 2.6 Repayment 23 Section 2.7 Permanent Reduction of Commitment 23 Section 2.8 Revolving Loan Notes; Loan Accounts 24 Section 2.9 Manner of Payment 24 Section 2.10 Reimbursement 25 Section 2.11 Pro Rata Treatment 26 Section 2.12 Application of Payments 27 Section 2.13 Maximum Rate of Interest 27 Section 2.14 Letters of Credit 28 ARTICLE III [INTENTIONALLY OMITTED]
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The Loans and the Letters of Credit. 2.1 The Revolving Commitment and the Revolving Loans.
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The Loans and the Letters of Credit. 32 Section 2.1 Extension of Credit.................................................... 32 Section 2.2 Manner of Borrowing and Disbursement of Loans.......................... 35 Section 2.3 Interest............................................................... 39 Section 2.4 Fees................................................................... 41 Section 2.5 Prepayment/Reduction of Commitment..................................... 43 Section 2.6 Repayment.............................................................. 44 Section 2.7 Revolving Loan Notes; Loan Accounts.................................... 45 Section 2.8 Manner of Payment...................................................... 46 Section 2.9 Reimbursement.......................................................... 49 Section 2.10 Pro Rata Treatment..................................................... 50 Section 2.11 Application of Payments................................................ 50 Section 2.12 Use of Proceeds........................................................ 51 Section 2.13 All Obligations to Constitute One Obligation........................... 51 Section 2.14 Maximum Rate of Interest............................................... 52 Section 2.15 Letters of Credit...................................................... 52
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The Loans and the Letters of Credit. Section 2.1 Section 2.2 Section 2.3 Section 2.4 Section 2.5 Section 2.6 Section 2.7 Section 2.8 Section 2.9 Section 2.10 Section 2.11 Section 2.12 Section 2.13 Section 2.14 Extension of Credit Manner of Borrowing and Disbursement of Loans. Interest. Fees. Prepayment/Reduction of Commitment. Repayment. Revolving Loan Notes; Loan Accounts.
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The Loans and the Letters of Credit. ARTICLE 2Section .1
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The Loans and the Letters of Credit. Section 2.1 Extension of Credit 5459 Section 2.2 Manner of Borrowing and Disbursement of Loans 5762 Section 2.3 Interest 6368 Section 2.4 Fees 6469 Section 2.5 Prepayments/Reduction of Commitments 6671 Section 2.6 Repayment 6974 Section 2.7 Notes; Loan Accounts 6974 Section 2.8 Manner of Payment 7075 Section 2.9 Reimbursement 7378 Section 2.10 Pro Rata Treatment 7379 Section 2.11 Application of Payments 7480 Section 2.12 Use of Proceeds 7581 Section 2.13 All Obligations to Constitute One Obligation 7681 Section 2.14 Maximum Rate of Interest 7681 Section 2.15 Letters of Credit 7682 Section 2.16 Bank Products 8187 Section 2.17 Additional Increase of Commitments; Additional Lenders 8287 Section 2.18 Defaulting Lenders 8591
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The Loans and the Letters of Credit 
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Related to The Loans and the Letters of Credit

  • The Advances and the Letters of Credit Section 2.01 The Advances; Extension of Initial Maturity Date. ------------------------------------------------

  • Loans and Letters of Credit On the Closing Date:

  • First Loans and Letters of Credit On the Closing Date:

  • The Letters of Credit Prior to the Closing Date, the Existing Issuing Banks have issued the Existing Letters of Credit which from and after the Closing Date shall constitute Letters of Credit hereunder. Each Issuing Bank (other than the Existing Issuing Banks) severally agrees, on the terms and conditions hereinafter set forth, to issue letters of credit (the “Letters of Credit”) in U.S. Dollars for the account of the Borrower in support of obligations (including, without limitation, performance, bid and similar bonding obligations and credit enhancement) of the Borrower and its Affiliates, from time to time on any Business Day during the period from the Effective Date until the Business Day before the Termination Date in an aggregate Available Amount (i) for all Letters of Credit issued by such Issuing Bank not to exceed at any time the lesser of (x) the Letter of Credit Facility at such time and (y) such Issuing Bank’s Letter of Credit Commitment at such time and (ii) for each such Letter of Credit not to exceed the Unused Revolving Credit Commitments of the Lenders at such time; provided, however, that in no event shall the aggregate Available Amount for all Letters of Credit exceed $200,000,000; provided, further, that neither Bank of America, National Association, nor SunTrust Bank shall be required, without the consent of such Issuing Bank, to issue Letters of Credit in excess of $100,000,000 outstanding for each such Issuing Bank. No Letter of Credit shall have an expiration date (including all rights of the Borrower or the beneficiary to require renewal) later than the Business Day before the Termination Date. Within the limits of the Letter of Credit Facility, and subject to the limits referred to above, the Borrower may request the issuance of Letters of Credit under this Section 2.01(b), repay any Letter of Credit Advances resulting from drawings thereunder pursuant to Section 2.04(c) and request the issuance of additional Letters of Credit under this Section 2.01(b); provided, however, that neither Bank of America, National Association, nor SunTrust Bank shall be required to issue Letters of Credit in excess of $100,000,000 outstanding for each such Issuing Bank.

  • New Letters of Credit So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • Use of Loans and Letters of Credit The proceeds of the Loans and the Letters of Credit shall be used for working capital, for lease acquisitions, for exploration and production operations, for development (including the drilling and completion of producing xxxxx), for the payment of fees and expenses incurred in connection with this Agreement and for any other general business purposes. The Credit Parties are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

  • New Swingline Loans/Letters of Credit So long as any Lender is a Defaulting Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan and (ii) no Issuing Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • New Swing Loans/Letters of Credit So long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Loans unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect to such Swing Loan and (ii) no LC Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect thereto.

  • Purpose of Loans and Letters of Credit The Borrower will use the Letters of Credit and the proceeds of the Loans to (a) provide for working capital, capital expenditures and general corporate purposes of the Credit Parties and their Subsidiaries (including, without limitation, Permitted Acquisitions), (b) on the Closing Date to refinance the Existing Credit Agreement, and (c) pay fees and expenses relating to any of the foregoing.

  • Existing Letters of Credit The parties hereto agree that the Existing Letters of Credit shall be deemed Letters of Credit for all purposes under this Agreement, without any further action by the Borrower.

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