01Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans to Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Borrowing, (i) the Outstanding Amount of Loans and L/C Obligations shall not exceed the Aggregate Commitments and (ii) the Total Outstandings owed to any Lender shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.01, prepay under Section 2.04, and reborrow under this Section 2.01. Loans will be either Term SOFR Rate Loans or Daily SOFR Rate Loans, except as further provided herein.
Appears in 1 contract
Samples: Credit Agreement (Franklin Street Properties Corp /Ma/)
01Loans. Subject to the terms and conditions set forth herein, each the Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to Borrower the Borrowers (as requested by the Company), in Dollars or in one or more Alternative Currencies, from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s the Revolving Commitment; provided, however, that after giving effect to any Revolving Borrowing, (i) the Outstanding Amount of Loans and L/C Obligations Total Revolving Outstandings shall not exceed the Aggregate Commitments and Revolving Facility, (ii) the Total Outstandings owed aggregate Outstanding Amount of all Loans made to any Lender the Designated Borrowers shall not exceed such Lender’s Commitmentthe Designated Borrower Sublimit, and (iii) the aggregate Outstanding Amount of all Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s the Revolving Commitment, and subject to the other terms and conditions hereof, Borrower the Borrowers may borrow under this Section 2.01Revolving Loans, prepay under Section 2.042.05, and reborrow under this Section 2.012.01(b). Revolving Loans will may be either Term SOFR Base Rate Loans or Daily Term SOFR Rate Loans, except as further provided herein; provided, however, that any Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the Company on behalf of each Borrower delivers a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Revolving Borrowing.
Appears in 1 contract
Samples: Credit Agreement (Argan Inc)
01Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to Borrower the Borrower, in Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such LenderXxxxxx’s Commitment; provided, however, that after giving effect to any such Borrowing, (i) the Outstanding Amount of Loans and L/C Obligations Total Revolving Outstandings shall not exceed the Aggregate Commitments Facility, and (ii) the Total Outstandings owed to Revolving Exposure of any Lender shall not exceed such LenderXxxxxx’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01Revolving Loans, prepay under Section 2.042.05, and reborrow under this Section 2.01. Revolving Loans will may be either Term SOFR Base Rate Loans or Daily Term SOFR Rate Loans, except as further provided herein; provided, however, any Borrowings made on the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a funding indemnity letter not less than three (3) Business Days prior to the date of such Revolving Borrowing.
Appears in 1 contract
Samples: Credit Agreement (Enfusion, Inc.)
01Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans to Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such LenderXxxxxx’s Commitment; provided, however, that after giving effect to any Borrowing, (i) the Outstanding Amount of Loans and L/C Obligations shall not exceed the Aggregate Commitments and (ii) the Total Outstandings owed to any Lender shall not exceed such LenderXxxxxx’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.01, prepay under Section 2.04, and reborrow under this Section 2.01. Loans will be either Term SOFR Rate Loans or Daily SOFR Rate Loans, except as further provided herein.. Notwithstanding the foregoing, upon the
Appears in 1 contract
Samples: Credit Agreement (Franklin Street Properties Corp /Ma/)