Common use of The Revolving Loans Clause in Contracts

The Revolving Loans. Each Revolving Lender severally agrees, subject to the terms and conditions hereinafter set forth, to make revolving loans (each, a “Revolving Loan”) to the Borrower from time to time on any Business Day, during the Revolving Commitment Period, in an aggregate principal amount not to exceed at any time outstanding the Revolving Commitment of such Revolving Lender; provided, however that after giving effect to any Revolving Loan made under a Revolving Commitment, the aggregate principal amount of all outstanding Revolving Loans made under the Revolving Commitments plus the aggregate amount of all outstanding L/C Obligations shall not exceed the Aggregate Revolving Commitment. Within such limits, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans under this Section 2.01(b), prepay Revolving Loans pursuant to Section 2.05 or 2.06 and reborrow Revolving Loans pursuant to this Section 2.01(b). Revolving Loans may from time to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.02.

Appears in 4 contracts

Samples: Credit Agreement (Mission Broadcasting Inc), Credit Agreement (Nexstar Broadcasting Group Inc), Credit Agreement (Nexstar Broadcasting Group Inc)

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The Revolving Loans. Each Revolving Lender Bank severally agrees, subject to the terms and conditions hereinafter set forth, to make revolving loans (each, a “Revolving Loan”) to the Borrower from time to time on any Business Day, during the Revolving Commitment Period, in an aggregate principal amount not to exceed at any time outstanding the Revolving Commitment of such Revolving LenderBank; provided, however that after giving effect to any Revolving Loan made under a Revolving Commitment, the aggregate principal amount of all outstanding Revolving Loans made under the Revolving Commitments plus the aggregate amount of all outstanding L/C Letter of Credit Obligations shall not exceed the Aggregate Revolving Commitment. Within such limits, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans under this Section 2.01(b), prepay Revolving Loans pursuant to Section 2.05 2.06 or 2.06 2.07 and reborrow Revolving Loans pursuant to this Section 2.01(b). Revolving Loans may from time to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.022.03(b) and Section 2.04.

Appears in 2 contracts

Samples: Credit Agreement (Nexstar Broadcasting Group Inc), Credit Agreement (Nexstar Broadcasting Group Inc)

The Revolving Loans. Each Revolving Lender Bank severally agrees, subject to the terms and conditions hereinafter set forth, to make revolving loans (each, a "Revolving Loan") to the Borrower from time to time on any Business Day, during the Revolving Commitment Period, in an aggregate principal amount not to exceed at any time outstanding the Revolving Commitment of such Revolving LenderBank; provided, however that after giving effect to any Revolving Loan made under a Revolving Commitment, the aggregate principal amount of all outstanding Revolving Loans made under the Revolving Commitments plus the aggregate amount of all outstanding L/C Letter of Credit Obligations shall not exceed the Aggregate Revolving Commitment. Within such limits, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans under this Section 2.01(b), prepay Revolving Loans pursuant to Section 2.05 2.06 or 2.06 2.07(a)(i) and reborrow Revolving Loans pursuant to this Section 2.01(b). Revolving Loans may from time to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.022.03(b) and Section 2.04.

Appears in 2 contracts

Samples: Credit Agreement (Nexstar Finance Inc), Credit Agreement (Nexstar Finance Holdings LLC)

The Revolving Loans. Each Revolving Lender Bank severally agrees, subject to the terms and conditions hereinafter set forth, to make revolving loans (each, a "Revolving Loan") to the Borrower from time to time on any Business Day, during the Revolving Commitment Period, in an aggregate principal amount not to exceed at any time outstanding the Revolving Commitment of such Revolving LenderBank; provided, however that after giving effect to any Revolving Loan made under a Revolving Commitment, the aggregate principal amount of all outstanding Revolving Loans made under the Revolving Commitments plus the aggregate amount of all outstanding L/C Letter of Credit Obligations shall not exceed the Aggregate Revolving Commitment. Within such limits, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans under this Section 2.01(b), prepay Revolving Loans pursuant to Section 2.05 2.06 or 2.06 2.07 and reborrow Revolving Loans pursuant to this Section 2.01(b). Revolving Loans may from time to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.022.03(b) and Section 2.04.

Appears in 2 contracts

Samples: Credit Agreement (Nexstar Finance Inc), Credit Agreement (Nexstar Finance Inc)

The Revolving Loans. Each Revolving Lender severally agrees, subject to on the terms and conditions hereinafter set forth, to make revolving loans (each, a “Revolving Loan”) Loans to the Borrower from time to time on any Business Day, Day during the period from the Closing Date to the Revolving Commitment PeriodTermination Date, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender's Revolving Commitment of such Revolving Lenderand in a combined amount for all Lenders not to exceed at any time outstanding $40,000,000; provided, however that however, that, immediately after giving effect to any Borrowing of Revolving Loan made under a Revolving CommitmentLoans, the SUM of the aggregate principal amount of all outstanding Revolving Loans made under the Revolving Commitments plus Loans, PLUS the aggregate amount of all outstanding L/C Letter of Credit Obligations shall not exceed the Aggregate Revolving CommitmentCommitment then in effect. Within such limits, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans under this Section 2.01(b2.1(b), prepay Revolving Loans pursuant to Section 2.05 2.6 or 2.06 2.7(a) and reborrow Revolving Loans pursuant to this Section 2.01(b2.1(b). Revolving Loans may from time to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.02.

Appears in 1 contract

Samples: Credit Agreement (Idg Books Worldwide Inc)

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The Revolving Loans. Each Revolving Lender severally agrees, subject to the terms and conditions hereinafter set forth, to make revolving loans (each, a "Revolving Loan") to the Borrower from time to time on any Business Day, during the Revolving Commitment Period, in an aggregate principal amount not to exceed at any time outstanding the Revolving Commitment of such Revolving Lender; provided, however that after giving effect to any Revolving Loan made under a Revolving Commitment, the aggregate principal amount of all outstanding Revolving Loans made under the Revolving Commitments plus the aggregate amount of all outstanding L/C Obligations shall not exceed the Aggregate Revolving Commitment. Within such limits, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans under this Section 2.01(b), prepay Revolving Loans pursuant to Section 2.05 2.05, 2.06 or 2.06 10.19 and reborrow Revolving Loans pursuant to this Section 2.01(b). Revolving Loans may from time to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.02.or

Appears in 1 contract

Samples: Shared Services Agreement (Nexstar Broadcasting Group Inc)

The Revolving Loans. Each Revolving Lender severally agrees, subject to on the terms and conditions hereinafter set forth, to make revolving loans (each, a “Revolving Loan”) Loans to the Borrower from time to time on any Business Day, Day during the period from the Closing Date to the Revolving Commitment PeriodTermination Date, in an aggregate principal amount not to exceed at any time outstanding the amount of such Lender's Revolving Commitment of such Revolving Lenderand in a combined amount for all Lenders not to exceed at any time outstanding $125,000,000; providedPROVIDED, however that HOWEVER, that, immediately after giving effect to any Borrowing of Revolving Loan made under a Revolving CommitmentLoans, the SUM of the aggregate principal amount of all of the outstanding Revolving Loans made under the Revolving Commitments plus Loans, PLUS the aggregate amount of all of the outstanding L/C Letter of Credit Obligations shall not exceed the Aggregate Revolving CommitmentCommitment then in effect. Within such limits, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans under this Section 2.01(bSECTION 2.1(a), prepay Revolving Loans pursuant to Section 2.05 SECTION 2.6, 2.7(a) or 2.06 2.7(d) and reborrow Revolving Loans pursuant to this Section 2.01(bSECTION 2.1(a). Revolving Loans may from time to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.02.

Appears in 1 contract

Samples: Credit Agreement (Regent Communications Inc)

The Revolving Loans. Each Revolving Lender severally agrees, On the terms and subject to the terms and conditions hereinafter set forthcontained in this Agreement, each Bank severally agrees to make revolving loans (each, a “or continue) Revolving Loan”) Loans to the Borrower from time to time on any Business Day, Day during the Revolving period from the Initial Funding Date until the Commitment Period, Termination Date in an aggregate principal amount not to exceed at any time outstanding the amount set forth opposite such Bank's name on Schedule II as its "Revolving Commitment Loan Commitment" (as adjusted from time to time by reason of assignments in accordance with the provisions of Section 12.7 and as such amount may be reduced pursuant to Section 2.3 such Bank's "Revolving LenderLoan Commitment"); provided, however that after giving effect to any however, that, following the making of each such proposed Revolving Loan made under a Revolving CommitmentLoan, the aggregate principal amount of all outstanding Revolving Loans made under the Revolving Commitments plus the aggregate amount of all outstanding L/C Obligations Revolving Loans, together with the aggregate face amount of Commercial Paper outstanding, shall not exceed the Aggregate aggregate amount of the Revolving CommitmentLoan Commitment of the Banks at such time. Within such limitsthe limits of each Bank's Revolving Loan Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans amounts borrowed under this Section 2.01(b), prepay Revolving Loans 2.1(a) and prepaid pursuant to Section 2.05 or 2.06 and reborrow Revolving Loans pursuant to 2.5 may be reborrowed under this Section 2.01(b2.1(a). Revolving Loans may from time to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.02.

Appears in 1 contract

Samples: Credit Agreement (Viacom Inc)

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