Common use of Advances-General Clause in Contracts

Advances-General. (a) Subject to the terms and conditions set forth in this Agreement, from time to time on any Banking Day during the period from the Closing Date to but not including the Maturity Date, each Lender severally agrees to make Advances (“Advances”) to Borrower under the Revolving Facility in such amounts as Borrower may request provided that, after giving effect to such Advances, (i) Revolving Credit Facility Usage does not exceed the Maximum Revolving Credit Amount and (ii) as to each Lender, such Lender’s Pro Rata Share of Revolving Credit Facility Usage does not exceed such Lender’s Commitment. All Advances shall be made by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment in effect from time to time and subject to the foregoing, Borrower may borrow under this Section 2.1(a), prepay Advances pursuant to Section 3.1 and reborrow under this Section 2.1(a).

Appears in 11 contracts

Samples: Credit Agreement (American States Water Co), Credit Agreement (American States Water Co), Credit Agreement (American States Water Co)

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Advances-General. (a) Subject to the terms and conditions set forth in this Agreement, from time to time on any Banking Day during the period from the Closing Date to but not including the Maturity Date, each Lender severally agrees to make Advances ("Advances") to Borrower under the Revolving Facility in such amounts as Borrower may request provided that, after giving effect to such Advances, (i) Revolving Credit Facility Usage does not exceed the Maximum Revolving Credit Amount and (ii) as to each Lender, such Lender’s 's Pro Rata Share of Revolving Credit Facility Usage does not exceed such Lender’s 's Commitment. All Advances shall be made by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s 's Commitment in effect from time to time and subject to the foregoing, Borrower may borrow under this Section 2.1(a), prepay Advances pursuant to Section 3.1 and reborrow under this Section 2.1(a).

Appears in 3 contracts

Samples: Credit Agreement (American States Water Co), Credit Agreement (American States Water Co), Credit Agreement (American States Water Co)

Advances-General. (a) Subject to the terms and conditions set forth in this Agreement, from time to time on any Banking Day during the period from the Closing Date to but not including through the Revolving Facility Maturity Date, each relevant Lender severally agrees to make Advances (“Revolving Advances”) to Borrower under the Revolving Facility in such amounts as Borrower may request provided that, after giving effect to such Advances, (i) Revolving Credit Facility Usage does not exceed the Maximum Revolving Credit Amount and (ii) as to each relevant Lender, such Lender’s Pro Rata Share of Revolving Credit Facility Usage does not exceed such Lender’s Revolving Commitment. All Revolving Advances shall be made by the Lenders ratably according to their respective Revolving Commitments. Within the limits of each Lender’s 's Revolving Commitment in effect from time to time and subject to the foregoing, Borrower may borrow under this Section 2.1(a), prepay Revolving Advances pursuant to Section 3.1 and reborrow under this Section 2.1(a).

Appears in 1 contract

Samples: Credit Agreement (New Horizons Worldwide Inc)

Advances-General. (a) Subject to the terms and conditions set forth in this Agreement, from time to time on any Banking Day during the period from the Closing Date to but not including the Maturity Date, each Lender severally agrees to make Advances ("Advances") to Borrower under the Revolving Facility in such amounts as Borrower may request provided that, after giving effect to such Advances, (i) Revolving Credit Facility Usage does not exceed the Maximum Revolving Credit Amount and (ii) as to each Lender, such Lender’s 's Pro Rata Share of Revolving Credit Facility Usage does not exceed such Lender’s 's Commitment. All Advances shall be made by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s 's Commitment in effect from time to time and subject to the foregoing, Borrower may borrow under this Section 2.1(a2.1 (a), prepay Advances pursuant to Section 3.1 and reborrow under this Section 2.1(a2.1 (a).

Appears in 1 contract

Samples: Credit Agreement (American States Water Co)

Advances-General. (a) Subject to the terms and conditions set forth in this Agreement, from time to time on any Banking Day during the period from the Closing Date to but not including the Maturity Date, each Lender severally agrees to make Advances (“Advances”) to Borrower under the Revolving Facility in such amounts as Borrower may request provided that, after giving effect to such Advances, (i) Revolving Credit Facility Usage does not exceed the Maximum Revolving Credit Amount and (ii) as to each Lender, such LenderXxxxxx’s Pro Rata Share of Revolving Credit Facility Usage does not exceed such LenderXxxxxx’s Commitment. All Advances shall be made by the Lenders ratably according to their respective Commitments. Within the limits of each LenderXxxxxx’s Commitment in effect from time to time and subject to the foregoing, Borrower may borrow under this Section 2.1(a), prepay Advances pursuant to Section 3.1 and reborrow under this Section 2.1(a).

Appears in 1 contract

Samples: Credit Agreement (Golden State Water CO)

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Advances-General. (a) Subject to the terms and conditions set forth in this Agreement, from time to time on any Banking Day during the period from the Closing Date to but not including through the Revolving Facility Maturity Date, each relevant Lender severally agrees to make Advances ("Revolving Advances") to Borrower under the Revolving Facility in such amounts as Borrower may request provided that, after giving effect to such Advances, (i) Revolving Credit Facility Usage does not exceed the Maximum Revolving Credit Amount and (ii) as to each relevant Lender, such Lender’s 's Pro Rata Share of Revolving Credit Facility Usage does not exceed such Lender’s 's Revolving Commitment. All Revolving Advances shall be made by the Lenders ratably according to their respective Revolving Commitments. Within the limits of each Lender’s 's Revolving Commitment in effect from time to time and subject to the foregoing, Borrower may borrow under this Section 2.1(a), prepay Revolving Advances pursuant to Section 3.1 and reborrow under this Section 2.1(a).

Appears in 1 contract

Samples: Credit Agreement (Modtech Holdings Inc)

Advances-General. (a) Subject to the terms and conditions set forth in this Agreement, from time to time on any Banking Day during the period from the Closing Date to but not including through the Maturity Date, each Lender severally agrees to make Advances ("Advances") to Borrower under the Revolving Facility in such amounts as Borrower may request provided that, after giving effect to such Advances, (i) Revolving Credit Facility Usage does not exceed the Maximum Revolving Credit Amount and (ii) as to each Lender, such Lender’s 's Pro Rata Share of Revolving Credit Facility Usage does not exceed such Lender’s 's Commitment. All Advances shall be made by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s 's Commitment in effect from time to time and subject to the foregoing, Borrower may borrow under this Section 2.1(a), prepay Advances pursuant to Section 3.1 and reborrow under this Section 2.1(a).

Appears in 1 contract

Samples: Credit Agreement (American States Water Co)

Advances-General. (a) Subject to the terms and conditions set forth in this Agreement, from time to time on any Banking Day during the period from the Closing Date to but not including through the Maturity Date, each Lender severally agrees to make Advances ("Advances") to Borrower under the Revolving -------- Facility in such amounts as Borrower may request provided that, after -------- ---- giving effect to such Advances, (i) Revolving Credit Facility Usage does not exceed the Maximum Revolving Credit Amount and (ii) as to each Lender, such Lender’s 's Pro Rata Share of Revolving Credit Facility Usage does not exceed such Lender’s 's Commitment. All Advances shall be made by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s 's Commitment in effect from time to time and subject to the foregoing, Borrower may borrow under this Section 2.1(a), prepay Advances pursuant to Section -------------- ------- 3.1 and reborrow under this Section 2.1(a).. --- --------------

Appears in 1 contract

Samples: Credit Agreement (West Marine Inc)

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