364-Day Revolving Loans Sample Clauses

364-Day Revolving Loans. (i)During the 364-Day Revolving Commitment Period, subject to the terms and conditions hereof, each 364-Day Revolving Lender severally agrees to make revolving loans (each such loan, a “364-Day Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s 364-Day ​ ​ ​ Revolving Commitment; provided, that after giving effect to the making of any 364-Day Revolving Loan, (i) the Total 364-Day Revolving Outstandings shall not exceed the Aggregate 364-Day Revolving Commitments, and (ii) the 364-Day Revolving Credit Exposure of any Lender shall not exceed such Lender’s 364-Day Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(c) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the 364-Day Revolving Commitment Period. The 364-Day Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s 364-Day Revolving Commitment shall expire on the 364-Day Revolving Commitment Termination Date and all 364-Day Revolving Loans and all other amounts owed hereunder with respect to the 364-Day Revolving Loans and the 364-Day Revolving Commitments shall be paid in full no later than such date.
Sample 1
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364-Day Revolving Loans. (a) 364-Day Revolving Commitment. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each U.S. Lender severally agrees to make available to Airgas such U.S. Lender's U.S. Commitment Percentage of 364-Day revolving credit loans requested by Airgas in U.S. Dollars ("364-Day Revolving Loans") from time to time from the Closing Date until the Termination Date, or such earlier date as the 364-Day Revolving Commitments shall have been terminated as provided herein for the purposes hereinafter set forth; provided, however, that the sum of the aggregate principal amount of outstanding 364-Day Revolving Loans shall not exceed ONE HUNDRED MILLION U.S. DOLLARS (U.S.$100,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 4.4, the "364-Day Revolving Committed Amount"); provided, further, (i) with regard to each U.S. Lender individually, such U.S. Lender's outstanding 364-Day Revolving Loans shall not exceed such U.S. Lender's U.S. Commitment Percentage of the 364-Day Revolving Committed Amount and (ii) the aggregate principal amount of outstanding 364-Day Revolving Loans shall not exceed the 364-Day Revolving Committed Amount. 364-Day Revolving Loans may consist of U.S. Base Rate Loans or Eurodollar Loans, or a combination thereof, as Airgas may request, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, that no more than 11 Eurodollar Loans shall be outstanding hereunder at any time. For purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period. 364-Day Revolving Loans hereunder (other than any 364-Day Revolving Loans which have been converted to term loans pursuant to Section 2.5(f)) may be repaid and reborrowed in accordance with the provisions hereof.
Sample 1
364-Day Revolving Loans. From and including the date of this Agreement and prior to the 364-Day Revolving Loan Termination Date, each 364-Day Revolving Lender severally agrees, on the terms and conditions set forth in this Agreement, to make 364-Day Revolving Loans to the Borrower, provided that, after giving effect to the making of each such Loan, (i) the amount of such Lender’s 364-Day Revolving Exposure shall not exceed its 364-Day Revolving Commitment, and (ii) the aggregate 364-Day Revolving Exposures shall not exceed the aggregate 364-Day Revolving Commitments; provided, further, that only one 364-Day Revolving Facility Availability Period shall occur during any calendar year. Notwithstanding the foregoing or anything to the contrary set forth herein, no 364-Day Revolving Loans shall be available hereunder.
Sample 1

Related to 364-Day Revolving Loans

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • Revolving Loan Borrowings (i) Each Borrowing of Revolving Loans shall be made on notice given by a Borrower to the Revolving and LC Administrative Agent not later than 11:00 a.m. (New York time) (A) on the Business Day of the proposed Borrowing, in the case of a Borrowing of Base Rate Loans and (B) three Business Days prior to the date of the proposed Borrowing, in the case of a Borrowing of Eurodollar Rate Loans. Each such notice shall be in substantially the form of Exhibit C-2 (a “Notice of Revolving Borrowing”) (or shall be made by telephone and the same information shall be confirmed promptly thereafter in writing), specifying (1) the date of such proposed Borrowing, (2) the aggregate amount of such proposed Borrowing, (3) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (4) the initial Interest Period or Interest Periods for any such Eurodollar Rate Loans, and (5) remittance instructions. The Revolving Loans shall be made as Base Rate Loans unless, subject to Section 2.17, the Notice of Revolving Borrowing specifies that all or a portion thereof shall be Eurodollar Rate Loans. Each Borrowing of Revolving Loans shall be in an aggregate amount that is an integral multiple of $1,000,000.00 (or $500,000.00 with respect to Swing Loans) and shall be allocated ratably in accordance with each Revolving Lender’s Revolving Commitment.

  • Revolving Loan Facility On the terms and subject to the conditions of this Agreement, each Revolving Lender severally agrees to advance to the Borrower from time to time during the period beginning on the Effective Date up to, but not including the Termination Date, such loans in Dollars as the Borrower may request under this Section 2.01(b) (individually, a “Revolving Loan”); provided, however, that (i) the sum of (A) the Effective Amount of all Revolving Loans made by such Lender at any time outstanding and (B) such Lender’s Revolving Proportionate Share of the Effective Amount of all L/C Obligations and all Swing Line Loans at any time outstanding shall not exceed such Lender’s Revolving Loan Commitment at such time and (ii) the sum of (A) the Effective Amount of all Revolving Loans made by all of the Revolving Lenders at any time outstanding and (B) the Effective Amount of all L/C Obligations and Swing Line Loans at any time outstanding shall not exceed the Revolving Loan Facility at such time. All Revolving Loans shall be made on a pro rata basis by the Revolving Lenders in accordance with their respective Revolving Proportionate Shares, with each Revolving Loan Borrowing to be comprised of a Revolving Loan by each Revolving Lender equal to such Lender’s Revolving Proportionate Share of such Revolving Loan Borrowing. Except as otherwise provided herein, the Borrower may borrow, repay and reborrow Revolving Loans until the Termination Date in respect of the Revolving Loan Facility.

  • The Revolving Loans (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Loans to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date applicable to such Lender in an aggregate outstanding amount not to exceed at any time such Lender’s Available Commitment at such time. Within the limits of each Lender’s Commitment and as hereinabove and hereinafter provided, including without limitation Section 2.01(b), the Borrower may request a Borrowing hereunder, and repay or prepay Revolving Loans pursuant to Section 2.14 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereof.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Procedure for Advances of Revolving Credit Loans and Swingline Loans Section 2.4 Repayment and Prepayment of Revolving Credit and Swingline Loans

  • Making Revolving Credit Loans The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the Borrower and the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower in U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m., on the applicable Borrowing Date; provided that if any Lender fails to remit such funds to the Administrative Agent in a timely manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loans of such Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6.2 [Presumptions by the Administrative Agent].

  • Revolving Loan Notes The Revolving Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.7(a) hereto (the “Revolving Loan Notes”) and in a principal amount equal to the amount of such Lender’s Commitment Percentage of the Revolving Loan Commitment as originally in effect.

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