AGGREGATE AMOUNT; REDUCTIONS. Subject to the limitations in Section 3.1.3 and elsewhere herein, each Lender commits to make available to Borrower, from the Effective Date to the Revolving Loan Maturity Date, such Lender's pro-rata share (as listed on Exhibit 3 hereto) of an Aggregate Revolving Loan Commitment of One Hundred Million Dollars ($100,000,000), by funding such Lender's pro-rata share of Revolving Loan Advances made from time to time by Administrative Agent as provided herein. Subject to the limitations in Section 3.1.3 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be re-borrowed through Revolving Loan Advances. Borrower may reduce the amount of the Aggregate Revolving Loan Commitment in whole multiples of $1,000,000 at any time and from time to time, but only if (i) Borrower gives Administrative Agent written notice of Borrower's intention to make such reduction at least three (3) Business Days prior to the effective date of the reduction, and (ii) Borrower makes on the effective date of the reduction any payment on the Aggregate Revolving Loan required hereunder as a consequence of the reduction, including, principal, interest and Eurodollar breakage fees (if any). Any such reduction of the amount of the Aggregate Revolving Loan Commitment, whether scheduled or voluntary, shall be permanent. Each Lender's initial Revolving Loan Commitment is its pro-rata share of the Aggregate Revolving Loan Commitment. Upon any reduction of the Aggregate Revolving Loan Commitment, each Lender's Revolving Loan Commitment will automatically reduce by such Lender's pro-rata share of the reduction of the Aggregate Revolving Loan Commitment.
Appears in 1 contract
Samples: Loan Agreement (Angelica Corp /New/)
AGGREGATE AMOUNT; REDUCTIONS. Subject to the limitations in Section 3.1.3 3.1.2 and elsewhere herein, each Lender commits to make available to Borrower, from the Effective Date to the Revolving Loan Maturity Date, such Lender's pro-’s pro rata share (as listed on Exhibit 3 hereto) of an Aggregate Revolving Loan Commitment of One Hundred Million Dollars (that is initially $100,000,000)75,000,000, but which may decrease from time to time as provided herein, by funding such Lender's pro-’s pro rata share of Revolving Loan Advances made from time to time by Administrative Agent as provided herein. Subject to the limitations in Section 3.1.3 3.1.2 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be re-borrowed through Revolving Loan Advances. Borrower may also reduce the amount of the Aggregate Revolving Loan Commitment in whole multiples of $1,000,000 1,000,000, at any time and from time to time, but only if (i) Borrower gives Administrative Agent written notice (which may be mailed, personally delivered or telecopied as provided in Section 20.1) or telephonic notice (promptly confirmed in writing in the manner provided in Section 20.1) of Borrower's ’s intention to make such reduction at least three (3) two Business Days prior to the effective date of the reduction, and (ii) Borrower makes on the effective date of the reduction any payment on the Aggregate Revolving Loan required hereunder under Section 6.2.2 as a consequence of the reduction, including, principal, interest and Eurodollar breakage fees (if any). Any such reduction of the amount of the Aggregate Revolving Loan Commitment, whether scheduled or voluntary, Commitment shall be permanent. Each Lender's ’s initial Revolving Loan Commitment is its pro-pro rata share of the Aggregate Revolving Loan Commitment. Upon any reduction of the Aggregate Revolving Loan Commitment, each Lender's ’s Revolving Loan Commitment will automatically reduce by such Lender's pro-’s pro rata share of the reduction of the Aggregate Revolving Loan Commitment.
Appears in 1 contract
Samples: Credit Facilities Agreement (Young Innovations Inc)
AGGREGATE AMOUNT; REDUCTIONS. Subject to the limitations in Section 3.1.3 3.1.2 and elsewhere herein, each Lender commits to make available to Borrower, from the Effective Date to the Revolving Loan Maturity Date, such Lender's pro-rata share (as listed on Exhibit 3 hereto) of an Aggregate Revolving Loan Commitment of One Hundred Million Dollars ($100,000,000)30,000,000, by funding such Lender's pro-rata share of Revolving Loan Advances made from time to time by Administrative Agent as provided herein. Subject to the limitations in Section 3.1.3 3.1.2 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be re-borrowed through Revolving Loan Advances. Borrower may reduce the amount of the Aggregate Revolving Loan Commitment in whole multiples of $1,000,000 500,000 at any time and from time to time, but only if (i) Borrower gives Administrative Agent written notice of Borrower's intention to make such reduction at least three (3) Business Days prior to the effective date of the reduction, and (ii) Borrower makes on the effective date of the reduction any payment on the Aggregate Revolving Loan required hereunder as a consequence of the reduction, including, principal, interest and Eurodollar breakage fees (if any). Any such reduction of the amount of the Aggregate Revolving Loan Commitment, whether scheduled or voluntary, shall be permanent. Each Lender's initial Revolving Loan Commitment is its pro-rata share of the Aggregate Revolving Loan Commitment. Upon any reduction of the Aggregate Revolving Loan Commitment, each Lender's Revolving Loan Commitment will automatically reduce by such Lender's pro-rata share of the reduction of the Aggregate Revolving Loan Commitment.
Appears in 1 contract
AGGREGATE AMOUNT; REDUCTIONS. Subject to the limitations in Section 3.1.3 3.1.2 and elsewhere herein, each Lender commits to make available to Borrower, from the Effective Date to the Revolving Loan Maturity Date, such Lender's pro-rata share (as listed on Exhibit 3 hereto) of an Aggregate Revolving Loan Commitment of One Hundred Million Dollars ($100,000,000)70,000,000, by funding such Lender's pro-rata share of Revolving Loan Advances made from time to time by Administrative Agent as provided herein. Subject to the limitations in Section 3.1.3 3.1.2 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be re-borrowed through Revolving Loan Advances. Borrower may reduce the amount of the Aggregate Revolving Loan Commitment in whole multiples of $1,000,000 at any time and from time to time, but only if (i) Borrower gives Administrative Agent written notice of Borrower's intention to make such reduction at least three (3) Business Days prior to the effective date of the reduction, and (ii) Borrower makes on the effective date of the reduction any payment on the Aggregate Revolving Loan required hereunder as a consequence of the reduction, including, principal, interest and Eurodollar breakage fees (if any). Any such reduction of the amount of the Aggregate Revolving Loan Commitment, whether scheduled or voluntary, shall be permanent. Each Lender's initial Revolving Loan Commitment is its pro-rata share of the Aggregate Revolving Loan Commitment. Upon any reduction of the Aggregate Revolving Loan Commitment, each Lender's Revolving Loan Commitment will automatically reduce by such Lender's pro-rata share of the reduction of the Aggregate Revolving Loan Commitment.
Appears in 1 contract
Samples: Loan Agreement (Angelica Corp /New/)
AGGREGATE AMOUNT; REDUCTIONS. Subject to the limitations in Section 3.1.3 and elsewhere herein, each Lender commits to make available to Borrower, from the Effective Date to the Revolving Loan Maturity Date, such Lender's ’s pro-rata share (as listed on Exhibit 3 hereto) of an Aggregate Revolving Loan Commitment of One Hundred Thirty Million Dollars ($100,000,000130,000,000.00), by funding such Lender's ’s pro-rata share of Revolving Loan Advances made from time to time by Administrative Agent as provided herein. Subject to the limitations in Section 3.1.3 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be re-borrowed through Revolving Loan Advances. Borrower may reduce the amount of the Aggregate Revolving Loan Commitment in whole multiples of $1,000,000 500,000 at any time and from time to time, but only if (i) Borrower gives Administrative Agent written notice of Borrower's ’s intention to make such reduction at least three (3) Business Days prior to the effective date of the reduction, and (ii) Borrower makes on the effective date of the reduction any payment on the Aggregate Revolving Loan required hereunder as a consequence of the reduction, including, principal, interest and Eurodollar LIBOR breakage fees (if any). Any such reduction of the amount of the Aggregate Revolving Loan Commitment, whether scheduled or voluntary, shall be permanent. Each Lender's ’s initial Revolving Loan Commitment is its pro-rata share of the Aggregate Revolving Loan Commitment. Upon any reduction of the Aggregate Revolving Loan Commitment, each Lender's ’s Revolving Loan Commitment will automatically reduce by such Lender's ’s pro-rata share of the reduction of the Aggregate Revolving Loan Commitment.
Appears in 1 contract
AGGREGATE AMOUNT; REDUCTIONS. Subject to the limitations in Section 3.1.3 and elsewhere herein, each Lender commits to make available to Borrower, from the Effective Date to the Revolving Loan Maturity Date, such Lender's pro-rata share (as listed on Exhibit 3 hereto) of an Aggregate Revolving Loan Commitment of One Hundred Fifty Million Dollars ($100,000,000150,000,000), by funding such Lender's pro-rata share of Revolving Loan Advances made from time to time by Administrative Agent as provided herein. Subject to the limitations in Section 3.1.3 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be re-borrowed through Revolving Loan Advances. Borrower may reduce the amount of the Aggregate Revolving Loan Commitment in whole multiples of $1,000,000 at any time and from time to time, but only if (i) Borrower gives Administrative Agent written notice of Borrower's intention to make such reduction at least three (3) Business Days prior to the effective date of the reduction, and (ii) Borrower makes on the effective date of the reduction any payment on the Aggregate Revolving Loan required hereunder as a consequence of the reduction, including, principal, interest and Eurodollar LIBOR breakage fees (if any). Any such reduction of the amount of the Aggregate Revolving Loan Commitment, whether scheduled or voluntary, shall be permanent. Each Lender's initial Revolving Loan Commitment is its pro-rata share of the Aggregate Revolving Loan Commitment. Upon any reduction of the Aggregate Revolving Loan Commitment, each Lender's Revolving Loan Commitment will automatically reduce by such Lender's pro-rata share of the reduction of the Aggregate Revolving Loan Commitment.
Appears in 1 contract
Samples: Loan Agreement (Angelica Corp /New/)
AGGREGATE AMOUNT; REDUCTIONS. Subject to the limitations in Section 3.1.3 3.1.2 and elsewhere herein, each Lender commits to make available to Borrower, from the Effective Date to the Revolving Loan Maturity Date, such Lender's pro-rata share (as listed on Exhibit 3 hereto) ’s Pro Rata Share of an the Aggregate Revolving Loan Commitment in Dollars or in one or more Alternative Currencies; provided, however, the aggregate Outstanding Amount of One Hundred Million Dollars (all Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. The initial Aggregate Revolving Loan Commitment is $100,000,000)70,000,000, but which may increase or decrease from time to time as provided herein, by funding such Lender's pro-rata share ’s Pro Rata Share of Revolving Loan Advances made from time to time by Administrative Agent as provided herein. The initial amount of each Lender's Commitment is set forth on Schedule 3. Subject to the limitations in Section 3.1.3 3.1.2 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be re-borrowed through Revolving Loan Advances. Borrower may also reduce the amount of the Aggregate Revolving Loan Commitment in whole multiples of $1,000,000 1,000,000, at any time and from time to time, but only if provided that (i) Borrower gives Administrative Agent written notice (which may be mailed, personally delivered or telecopied as provided in Section 20.1) or telephonic notice (promptly confirmed in writing in the manner provided in Section 20.1) of Borrower's ’s intention to make such reduction at least three (3) two Business Days prior to the effective date of the reduction, and (ii) Borrower makes on the effective date of the reduction any payment on the Aggregate Revolving Loan required hereunder under Section 6.2.2 as a consequence of the reduction, includingand (iii) if, principalafter giving effect to any reduction of the Aggregate Revolving Loan Commitment, interest and Eurodollar breakage fees (if any)the amount of the Letter of Credit Commitment, the Alternative Currency Sublimit or the SwingLine Subfacility exceeds the amount of the Aggregate Revolving Loan Commitment, such Letter of Credit Commitment, Alternative Currency Sublimit or the SwingLine Subfacility, as applicable, shall be automatically reduced by the amount of such excess. Any such reduction of the amount of the Aggregate Revolving Loan Commitment, whether scheduled or voluntary, Commitment shall be permanent. Each Lender's ’s initial Revolving Loan Commitment is its pro-rata share Pro Rata Share of the Aggregate Revolving Loan Commitment. Upon any reduction of the Aggregate Revolving Loan Commitment, each Lender's ’s Revolving Loan Commitment will automatically reduce by such Lender's pro-rata share ’s Pro Rata Share of the reduction of the Aggregate Revolving Loan Commitment.
Appears in 1 contract