Common use of The Revolving Credit Advances Clause in Contracts

The Revolving Credit Advances. Each Revolving Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each, a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date in an amount for each such Revolving Credit Advance not to exceed such Lender’s Unused Revolving Credit Commitment at such time; provided, however, that after giving effect to any Borrowing of Revolving Credit Advances, the aggregate amount of Revolving Credit Advances outstanding shall not exceed the aggregate Revolving Credit Commitments. Each Borrowing shall consist of Revolving Credit Advances made simultaneously by the Revolving Lenders ratably according to their Revolving Credit Commitments. Within the limits of each such Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Termination Date, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a). Revolving Credit Advances may be Base Rate Advances, Eurodollar Rate Advances or LIBOR Floating Rate Advances, as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)

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The Revolving Credit Advances. Each Revolving Credit Lender severally severally, but not jointly, agrees, on the terms and conditions hereinafter set forth, to make advances Advances in Dollars (each, a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination RC Maturity Date in an amount for each such Revolving Credit Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time; provided, howeverprovided that, that after giving effect to any Borrowing of Revolving Credit Advanceswithout double counting, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Revolving Credit Commitments shall be allocated among the Revolving Credit Lenders ratably according to their respective Revolving Credit Commitments (such deemed use of the aggregate amount of the Revolving Credit Commitments being a “Competitive Bid Reduction”). Each Borrowing of Revolving Credit Advances outstanding shall not exceed the be in an aggregate Revolving Credit Commitments. Each Borrowing amount of $1,000,000 or an integral multiple of $250,000 in excess thereof and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each such LenderRevolving Credit Xxxxxx’s Unused Revolving Credit Commitment in effect from time to time and prior to the Termination RC Maturity Date, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a). Revolving Credit Advances may be Base Rate Advances, Eurodollar Rate Advances or LIBOR Floating Rate Advances, as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Easterly Government Properties, Inc.), Credit Agreement (Easterly Government Properties, Inc.)

The Revolving Credit Advances. Each Revolving Credit Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each, each a “Revolving Credit Advance”) to the Borrower BRW from time to time on any Business Day during the period from the date hereof until the Termination Date in an amount for each such Revolving Credit Advance not to exceed such Lender’s Unused Revolving Credit Commitment at such time; provided, however, that after giving effect to any Borrowing of . Each Revolving Credit Advances, the Borrowing shall be in an aggregate amount of Revolving (i) $10,000,000 or an integral multiple of $1,000,000 in excess thereof in respect of Eurodollar Rate Advances and (ii) $10,000,000 or an integral multiple of $1,000,000 in excess thereof in respect of Base Rate Advances (in each case, other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Swing Line Advances or outstanding Letter of Credit Advances outstanding shall not exceed the aggregate Revolving Credit Commitments. Each Borrowing Advances) and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. The Revolving Credit Advances made to BRW and to BCSI under Section 2.01(b) of the Existing Credit Agreement and outstanding on the Effective Date shall for all purposes be deemed to have been made hereunder and shall constitute use of the Revolving Credit Facility. Within the limits of each such Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Termination Date, and subject to the other terms and conditions hereoftime, the Borrower Borrowers may borrow under this Section 2.01(a2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(b). BCSI may not borrow any new Revolving Credit Advances may be Base Rate Advances, Eurodollar Rate Advances or LIBOR Floating Rate Advances, as further provided hereinunder this Section 2.01(b).

Appears in 2 contracts

Samples: Credit Agreement (Broadwing Inc), Credit Agreement (Broadwing Communications Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each, each a “Revolving Credit Advance”) in U.S. dollars to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date Date, in each case in an amount for each such Revolving Credit Advance not to exceed such Lender’s the Unused Revolving Credit Commitment of such Revolving Credit Lender at such time; provided, however, that after giving effect to any Borrowing of . Each Revolving Credit Advances, the Borrowing shall be in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Swing Line Advances or the outstanding Letter of Credit Advances) or, if less, the amount of the aggregate Unused Revolving Credit Advances outstanding shall not exceed the aggregate Commitments at such time. Each Revolving Credit Commitments. Each Borrowing shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to in accordance with their respective Pro Rata Shares of the Revolving Credit CommitmentsFacility. Within the limits of each such Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Termination Date, and subject to the other terms and conditions hereoftime, the Borrower may borrow under this Section 2.01(a2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(c). Revolving Credit Advances may be Base Rate Advances, Eurodollar Rate Advances or LIBOR Floating Rate Advances, as further provided herein.

Appears in 2 contracts

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

The Revolving Credit Advances. Each Revolving Credit Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each, each a "Revolving Credit Advance") in U.S. dollars to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date Date, in each case in an amount for each such Revolving Credit Advance not to exceed such Lender’s the Unused Revolving Credit Commitment of such Revolving Credit Lender at such time; provided, however, that after giving effect to any Borrowing of . Each Revolving Credit Advances, the Borrowing shall be in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Swing Line Advances or the outstanding Letter of Credit Advances) or, if less, the amount of the aggregate Unused Revolving Credit Advances outstanding shall not exceed the aggregate Commitments at such time. Each Revolving Credit Commitments. Each Borrowing shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to in accordance with their respective Pro Rata Shares of the Revolving Credit CommitmentsFacility. Within the limits of each such Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Termination Date, and subject to the other terms and conditions hereoftime, the Borrower may borrow under this Section 2.01(a2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(c). Revolving Credit Advances may be Base Rate Advances, Eurodollar Rate Advances or LIBOR Floating Rate Advances, as further provided herein.

Appears in 2 contracts

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

The Revolving Credit Advances. Each Revolving Credit Lender severally severally, but not jointly, agrees, on the terms and conditions hereinafter set forth, to make advances in Dollars (each, a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination RC Maturity Date in an amount for each such Revolving Credit Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time; provided, howeverprovided that, that after giving effect to any Borrowing of Revolving Credit Advanceswithout double counting, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Revolving Credit Commitments shall be allocated among the Revolving Credit Lenders ratably according to their respective Revolving Credit Commitments (such deemed use of the aggregate amount of the Revolving Credit Commitments being a “Competitive Bid Reduction”). Each Borrowing of Revolving Credit Advances outstanding shall not exceed the be in an aggregate Revolving Credit Commitments. Each Borrowing amount of $1,000,000 or an integral multiple of $250,000 in excess thereof and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each such Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Termination RC Maturity Date, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a). Revolving Credit Advances may be Base Rate Advances, Eurodollar Rate Advances or LIBOR Floating Rate Advances, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Easterly Government Properties, Inc.)

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The Revolving Credit Advances. Each Revolving Credit Lender severally severally, but not jointly, agrees, on the terms and conditions hereinafter set forth, to make advances Advances in Dollars (each, a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination RC Maturity Date in an amount for each such Revolving Credit Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time; provided, howeverprovided that, that after giving effect to any Borrowing of Revolving Credit Advanceswithout double counting, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Revolving Credit Commitments shall be allocated among the Revolving Credit Lenders ratably according to their respective Revolving Credit Commitments (such deemed use of the aggregate amount of the Revolving Credit Commitments being a “Competitive Bid Reduction”). Each Borrowing of Revolving Credit Advances outstanding shall not exceed the be in an aggregate Revolving Credit Commitments. Each Borrowing amount of $1,000,000 or an integral multiple of $250,000 in excess thereof and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each such Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Termination RC Maturity Date, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a). Revolving Credit Advances may be Base Rate Advances, Eurodollar Rate Advances or LIBOR Floating Rate Advances, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Easterly Government Properties, Inc.)

The Revolving Credit Advances. Pursuant to the Global Assignment and Acceptance, the Revolving Credit Commitments under (and as defined in) the Existing Credit Agreement of the Existing Lenders party thereto were assumed by CUSA. On the Effective Date, each Revolving Credit Lender hereunder agrees to assume from CUSA its Pro Rata Share of the Revolving Credit Facility (after giving effect to the reduction in the Revolving Credit Facility made on the Effective Date). Each Revolving Credit Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each, each a "Revolving Credit Advance") to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Revolving Credit Termination Date in an amount for each such Revolving Credit Advance not to exceed such Lender’s Unused 's Pro Rata Share of the Revolving Credit Commitment Availability at such time; provided, however, that after giving effect to any Borrowing of . Each Revolving Credit Advances, the Borrowing shall be in an aggregate amount of Revolving $1,000,000 or an integral multiple of $500,000 in excess thereof (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Letter of Credit Advances outstanding shall not exceed the aggregate Revolving Credit Commitments. Each Borrowing Advances) and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each such Revolving Credit Lender’s Unused 's Revolving Credit Commitment in effect from time to time and prior to the Termination Date, and subject to the other terms and conditions hereofhereinafter set forth, the Borrower may borrow under this Section 2.01(a2.1(b), prepay pursuant to Section 2.06(a2.6(a) and reborrow under this Section 2.01(a2.1(b). Revolving Credit Advances may be Base Rate Advances, Eurodollar Rate Advances or LIBOR Floating Rate Advances, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Amkor Technology Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each, each a “Revolving Credit Advance”) to the Borrower CBI from time to time on any Business Day during the period from the date hereof until the Termination Date in an amount for each such Revolving Credit Advance not to exceed such Lender’s Unused Revolving Credit Commitment at such time; provided, however, that after giving effect to any Borrowing of . Each Revolving Credit Advances, the Borrowing shall be in an aggregate amount of Revolving (i) $10,000,000 or an integral multiple of $1,000,000 in excess thereof in respect of Eurodollar Rate Advances and (ii) $10,000,000 or an 42 integral multiple of $1,000,000 in excess thereof in respect of Base Rate Advances (in each case, other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Swing Line Advances or outstanding Letter of Credit Advances outstanding shall not exceed the aggregate Revolving Credit Commitments. Each Borrowing Advances) and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. The Revolving Credit Advances made to CBI and to BCSI under Section 2.01(b) of the Existing Credit Agreement and outstanding on the Effective Date shall for all purposes be deemed to have been made hereunder and shall constitute use of the Revolving Credit Facility. Within the limits of each such Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Termination Date, and subject to the other terms and conditions hereoftime, the Borrower Borrowers may borrow under this Section 2.01(a2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(b). BCSI may not borrow any new Revolving Credit Advances may be Base Rate Advances, Eurodollar Rate Advances or LIBOR Floating Rate Advances, as further provided hereinunder this Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Bell Inc)

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