Common use of The Revolving Loan Commitment Clause in Contracts

The Revolving Loan Commitment. Upon satisfaction or waiver of all terms and conditions precedent to borrowing (including, if applicable, absence of any Default) set forth herein, the Lender agrees, from time to time on any Business Day during the Revolving Commitment Period, to make revolving loans to the Borrower (the "Revolving Loans") in amounts, which together with all outstanding Revolving Loans, will not exceed in the aggregate the principal amount of $250,000,000 (the "Revolving Loan Commitment"). The Revolving Loan Commitment shall be subject to reduction and/or termination as herein provided (including, without limitation, pursuant to Sections 2.6 and 6.2 hereof). On the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay, and re-borrow the Revolving Loans. Any such borrowing may be denominated in Dollars, as hereinafter provided, and shall be in the minimum aggregate principal amount of $10,000,000. On the Maturity Date, the Revolving Loan Commitment shall terminate and the Lender shall have no obligation whatsoever to make any further Revolving Loans to the Borrower.

Appears in 1 contract

Samples: Secured Revolving Loan Agreement (Talbots Inc)

AutoNDA by SimpleDocs

The Revolving Loan Commitment. Upon satisfaction or waiver of all On the terms and subject to the conditions precedent to borrowing (including, if applicable, absence of any Default) set forth hereinthis Credit Agreement, the Lender agrees, from time to time on any Business Day during the period commencing on the date hereof up to but excluding the Revolving Commitment PeriodCredit Termination Date, to make revolving loans to the Borrower (the "Revolving Loans") in amounts, which together with all outstanding Revolving Loans, will not exceed in the aggregate the principal amount of $250,000,000 18,000,000 (the "Revolving Loan Commitment"). The Revolving Loan Commitment shall be subject to reduction and/or termination as herein provided (including, without limitation, pursuant to Sections 2.6 2.5 and 6.2 hereof). On the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay, and re-borrow the Revolving Loans. Any such borrowing may be denominated in DollarsDollars , as hereinafter provided, and shall be in the minimum aggregate principal amount of $10,000,000100,000 or any whole multiple thereof in excess of $100,000. On the Maturity Date, Revolving Credit Termination Date the Revolving Loan Credit Commitment shall terminate and the Lender shall have no obligation whatsoever to make any further Revolving Loans to the Borrower.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement         credit Agreement (Talbots Inc)

The Revolving Loan Commitment. Upon satisfaction or waiver of all terms and conditions precedent to borrowing (including, if applicable, including absence of any Default) set forth herein, the Lender agrees, from time to time on any Business Day during the Revolving Commitment Period, to make revolving loans to the Borrower (the "Revolving Loans") in amounts, which together with all outstanding Revolving Loans, will not exceed in the aggregate the principal amount of $250,000,000 150,000,000 (the "Revolving Loan Commitment"). The Revolving Loan Commitment shall be subject to reduction and/or termination as herein provided (including, without limitation, pursuant to Sections 2.6 and 6.2 hereof). On the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay, and re-borrow the Revolving Loans. Any such borrowing may be denominated in Dollars, as hereinafter provided, and shall be in the minimum aggregate principal amount of $10,000,000 or any whole multiple thereof in excess of $10,000,000. On the Maturity Date, the Revolving Loan Commitment shall terminate and the Lender shall have no obligation whatsoever to make any further Revolving Loans to the Borrower.

Appears in 1 contract

Samples: Secured Revolving Loan Agreement (Talbots Inc)

The Revolving Loan Commitment. Upon satisfaction or waiver of all On the terms and subject to the conditions precedent to borrowing (including, if applicable, absence of any Default) set forth hereinthis Credit Agreement, the Lender agrees, from time to time on any Business Day during the period commencing on the date hereof up to but excluding the Revolving Commitment PeriodCredit Termination Date, to make revolving loans to the Borrower (the "Revolving Loans") in amounts, which together with all outstanding Revolving Loans, will not exceed in the aggregate the principal amount of $250,000,000 18,000,000 (the "Revolving Loan Commitment"). The Revolving Loan Commitment shall be subject to reduction and/or termination as herein provided (including, without limitation, pursuant to Sections 2.6 2.5 and 6.2 hereof). On the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay, and re-borrow the Revolving Loans. Any such borrowing may be denominated in Dollars, as hereinafter provided, and shall be in the minimum aggregate principal amount of $10,000,000100,000 or any whole multiple thereof in excess of $100,000. On the Maturity Revolving Credit Termination Date, the Revolving Loan Credit Commitment shall terminate and the Lender shall have no obligation whatsoever to make any further Revolving Loans to the Borrower.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement         credit Agreement (Talbots Inc)

The Revolving Loan Commitment. Upon satisfaction or waiver of all On the terms and subject to the conditions precedent to borrowing (including, if applicable, absence of any Default) set forth hereinthis Credit Agreement, the Lender agrees, from time to time on any Business Day during the Revolving Commitment Periodperiod commencing on the Effective Date up to but excluding the Maturity Date, to make revolving loans consisting of LIBOR Loans to the Borrower (the "Revolving Loans") in amountsamounts permitted hereunder, which together with all outstanding Revolving Loans, will not exceed in the aggregate the principal amount of $250,000,000 70,000,000 (such amount, the "Revolving Loan Commitment"). The Revolving Loan Commitment shall be subject to reduction and/or termination as herein provided (including, without limitation, pursuant to Sections 2.6 2.7 and 6.2 hereof7.2). On the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay, repay and re-borrow the reborrow Revolving Loans. Any such borrowing may shall be denominated in Dollars, as hereinafter provided, and shall be in the minimum aggregate principal amount of $10,000,000100,000, or any whole multiple thereof in excess thereof. On the Maturity Date, the Revolving Loan Commitment shall automatically terminate and the Lender shall have no obligation whatsoever to make any further Revolving Loans to the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Fastly, Inc.)

AutoNDA by SimpleDocs

The Revolving Loan Commitment. Upon satisfaction or waiver of all On the terms and subject to the conditions precedent to borrowing (including, if applicable, absence of any Default) set forth hereinthis Credit Agreement, the Lender agrees, from time to time on any Business Day during the period commencing on the date hereof up to but excluding the Revolving Commitment PeriodCredit Termination Date, to make revolving loans to the Borrower (the "Revolving Loans") in amounts, which together with all outstanding Revolving Loans, will not exceed in the aggregate the principal amount of $250,000,000 400,000,000 (the "Revolving Loan Commitment"). The Revolving Loan Commitment shall be subject to reduction and/or termination as herein provided (including, without limitation, pursuant to Sections 2.6 and 6.2 hereof). On the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay, and re-borrow the Revolving Loans. Any such borrowing may be denominated in Dollars, as hereinafter provided, and shall be in the minimum aggregate principal amount of $10,000,000100,000 or any whole multiple thereof in excess of $100,000. On the Maturity Revolving Credit Termination Date, the Revolving Loan Credit Commitment shall terminate and the Lender shall have no obligation whatsoever to make any further Revolving Loans to the Borrower.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement (Talbots Inc)

The Revolving Loan Commitment. Upon satisfaction or waiver of all On the terms and subject to the conditions precedent to borrowing (including, if applicable, absence of any Default) set forth hereinthis Credit Agreement, the Lender agrees, from time to time on any Business Day during the period commencing on the date hereof up to but excluding the Revolving Commitment PeriodCredit Termination Date, to make revolving loans to (the “Revolving Loans”) to, and issue Letters of Credit for the account of, the Borrower (the "Revolving Loans") in amounts, which together with all outstanding Revolving Loans, will not exceed in the aggregate shall not exceed the principal amount of $250,000,000 75,000,000 (the "Revolving Loan Commitment"). The Revolving Loan Commitment shall be subject to reduction and/or termination as herein provided (including, without limitation, pursuant to Sections 2.6 2.5 and 6.2 hereof). On the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay, and re-borrow the Revolving Loans. Any such borrowing may be denominated in Dollars, as hereinafter provided, and shall be in the minimum aggregate principal amount of $10,000,000100,000 or any whole multiple thereof in excess of $100,000. On the Maturity Date, Revolving Credit Termination Date the Revolving Loan Commitment shall terminate and the Lender shall have no obligation whatsoever to make any further Revolving Loans to to, or issue any Letters of Credit on behalf of, the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Talbots Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.