Common use of Adjustment of Revolving Credit Loans Clause in Contracts

Adjustment of Revolving Credit Loans. To the extent the Commitments being increased on the relevant Increase Effective Date are Incremental U.S. Revolving Commitments, then each U.S. Revolving Credit Lender that is acquiring an Incremental U.S. Revolving Commitment on the Increase Effective Date shall make a U.S. Revolving Credit Loan, the proceeds of which will be used to prepay the U.S. Revolving Credit Loans of the other U.S. Revolving Credit Lenders immediately prior to such Increase Effective Date, so that, after giving effect thereto, the U.S. Revolving Credit Loans outstanding are held by the U.S. Revolving Credit Lenders pro rata based on their U.S. Revolving Credit Commitments after giving effect to such Incremental U.S. Revolving Commitments. If there is a new borrowing of U.S. Revolving Credit Loans on such Increase Effective Date, the U.S. Revolving Credit Lenders after giving effect to such Incremental U.S. Revolving Commitments shall make such U.S. Revolving Credit Loans in accordance with Section 2.01(c). To the extent the Commitments being increased on the relevant Increase Effective Date are Incremental Alternative Revolving Commitments, then each Alternative Revolving Credit Lender that is acquiring an Incremental Alternative Revolving Commitment on the Increase Effective Date shall make an Alternative Revolving Credit Loan, the proceeds of which will be used to prepay the Alternative Revolving Credit Loans of the other Alternative Revolving Credit Lenders immediately prior to such Increase Effective Date, so that, after giving effect thereto, the Alternative Revolving Credit Loans outstanding are held by the Alternative Revolving Credit Lenders pro rata based on their Alternative Revolving Credit Commitments after giving effect to such Incremental Alternative Revolving Commitments. If there is a new borrowing of Alternative Revolving Credit Loans on such Increase Effective Date, the Alternative Revolving Credit Lenders after giving effect to such Incremental Alternative Revolving Commitments shall make such Alternative Revolving Credit Loans in accordance with Section 2.01(d).

Appears in 1 contract

Samples: Credit Agreement (Green Mountain Coffee Roasters Inc)

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Adjustment of Revolving Credit Loans. To the extent the Commitments being increased on the relevant Increase Effective Date are Incremental U.S. Revolving Commitments, then each U.S. Revolving Credit Lender that is acquiring an Incremental U.S. Revolving Commitment on the Increase Effective Date shall (i) make a U.S. Revolving Credit Loan, the proceeds of which will be used to prepay the U.S. Revolving Credit Loans of the other U.S. Revolving Credit Lenders immediately prior to such Increase Effective Date, so that, after giving effect thereto, the U.S. Revolving Credit Loans outstanding are held by the U.S. Revolving Credit Lenders pro rata based on their U.S. Revolving Credit Commitments after giving effect to such Increase Effective Date and (ii) automatically and without further act be deemed to have assumed a portion of the other Revolving Credit Lenders’ participations hereunder in outstanding Letters of Credit and Swing Loans such that, after giving effect to each such deemed assignment and assumption of participations, the aggregate outstanding participations hereunder in Letters of Credit and participations hereunder in Swing Loans held by each Revolving Credit Lender (including each such Revolving Credit Lender that is acquiring an Incremental U.S. Revolving CommitmentsCommitment on the Increase Effective Date) will be held by the Revolving Credit Lenders pro rata based on their Revolving Credit Commitments after giving effect to such Increase Effective Date. If there is a new borrowing of U.S. Revolving Credit Loans on such Increase Effective Date, the U.S. Revolving Credit Lenders after giving effect to such Incremental U.S. Revolving Commitments Increase Effective Date shall make such U.S. Revolving Credit Loans in accordance with Section 2.01(c). To the extent the Commitments being increased on the relevant Increase Effective Date are Incremental Alternative Revolving Commitments, then each Alternative 2.5(a) [Making Revolving Credit Lender that is acquiring an Incremental Alternative Revolving Commitment on the Increase Effective Date shall make an Alternative Revolving Credit Loan, the proceeds of which will be used to prepay the Alternative Revolving Credit Loans of the other Alternative Revolving Credit Lenders immediately prior to such Increase Effective Date, so that, after giving effect thereto, the Alternative Revolving Credit Loans outstanding are held by the Alternative Revolving Credit Lenders pro rata based on their Alternative Revolving Credit Commitments after giving effect to such Incremental Alternative Revolving Commitments. If there is a new borrowing of Alternative Revolving Credit Loans on such Increase Effective Date, the Alternative Revolving Credit Lenders after giving effect to such Incremental Alternative Revolving Commitments shall make such Alternative Revolving Credit Loans in accordance with Section 2.01(d)Loans].

Appears in 1 contract

Samples: Master Lease Agreement (Gsi Commerce Inc)

Adjustment of Revolving Credit Loans. To the extent the Commitments being increased on the relevant Increase Effective Date are (i) Commitments in respect of Incremental U.S. Revolving CommitmentsLoans, then each U.S. Revolving Credit Lender that is acquiring an Incremental U.S. Revolving such a Commitment on the Increase Effective Date shall make a U.S. Revolving Credit Loan, the proceeds of which will be used to prepay the U.S. Revolving Credit Loans of the other U.S. Revolving Credit Lenders immediately prior to such Increase Effective Date, so that, after giving effect thereto, the U.S. Revolving Credit Loans outstanding are held by the U.S. Revolving Credit Lenders pro rata based on their U.S. Revolving Credit Commitments after giving effect to such Commitments and (ii) Commitments in respect of Incremental U.S. Hong Kong Revolving Commitments. If there is a new borrowing of U.S. Revolving Credit Loans on such Increase Effective Date, the U.S. Revolving Credit Lenders after giving effect to such Incremental U.S. Revolving Commitments shall make such U.S. Revolving Credit Loans in accordance with Section 2.01(c). To the extent the Commitments being increased on the relevant Increase Effective Date are Incremental Alternative Revolving CommitmentsLoans, then each Alternative Hong Kong Revolving Credit Lender that is acquiring an Incremental Alternative Revolving such a Commitment on the Increase Effective Date shall make an Alternative a Hong Kong Revolving Credit Loan, the proceeds of which will be used to prepay the Alternative Hong Kong Revolving Credit Loans of the other Alternative Hong Kong Revolving Credit Lenders immediately prior to such Increase Effective Date, so that, after giving effect thereto, the Alternative Hong Kong Revolving Credit Loans outstanding are held by the Alternative Hong Kong Revolving Credit Lenders pro rata based on their Alternative Hong Kong Revolving Credit Commitments after giving effect to such Incremental Alternative Revolving Commitments. If there is (x) a new borrowing of Alternative U.S. Revolving Credit Loans on such any Increase Effective DateDate in respect thereof, the Alternative U.S. Revolving Credit Lenders after giving effect to such Incremental Alternative U.S. Revolving Commitments Credit Facility shall make such Alternative U.S. Revolving Credit Loans in accordance with Section 2.01(d2.01(b) and (y) a new borrowing of Hong Kong Revolving Credit Loans on any Increase Effective Date in respect thereof, the Hong Kong Revolving Credit Lenders after giving effect to such Incremental Hong Kong Revolving Credit Facility shall make such Hong Kong Revolving Credit Loans in accordance with Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (GT Advanced Technologies Inc.)

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Adjustment of Revolving Credit Loans. To the extent the Commitments being increased on the relevant Increase Effective Date are Incremental U.S. Revolving Commitments, then each U.S. Revolving Credit Lender that is acquiring an Incremental U.S. Revolving Commitment on the Increase Effective Date shall make a U.S. Revolving Credit Loan, the proceeds of which will be used to prepay the U.S. Revolving Credit Loans of the other U.S. Revolving Credit Lenders immediately prior to such Increase Effective Date, so that, after giving effect thereto, the U.S. Revolving Credit Loans outstanding are held by the U.S. Revolving Credit Lenders pro rata based on their U.S. Revolving Credit Commitments after giving effect to such Incremental U.S. Revolving Commitments. If there is a new borrowing of U.S. Revolving Credit Loans on such Increase Effective Date, the U.S. Revolving Credit Lenders after giving effect to such Incremental U.S. Revolving Commitments shall make such U.S. Revolving Credit Loans in accordance with Section 2.01(c2.01(a). To the extent the Commitments being increased on the relevant Increase Effective Date are Incremental Alternative Revolving Commitments, then each Alternative Revolving Credit Lender that is acquiring an Incremental Alternative Revolving Commitment on the Increase Effective Date shall make an Alternative Revolving Credit Loan, the proceeds of which will be used to prepay the Alternative Revolving Credit Loans of the other Alternative Revolving Credit Lenders immediately prior to such Increase Effective Date, so that, after giving effect thereto, the Alternative Revolving Credit Loans outstanding are held by the Alternative Revolving Credit Lenders pro rata based on their Alternative Revolving Credit Commitments after giving effect to such Incremental Alternative Revolving Commitments. If there is a new borrowing of Alternative Revolving Credit Loans on such Increase Effective Date, the Alternative Revolving Credit Lenders after giving effect to such Incremental Alternative Revolving Commitments shall make such Alternative Revolving Credit Loans in accordance with Section 2.01(d2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Keurig Green Mountain, Inc.)

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