Common use of Aggregate Amount Clause in Contracts

Aggregate Amount. Subject to the limitations in Section 3.1.2, Section 3.6 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" that is initially Eighty Million Dollars ($80,000,000), but which may decrease from time to time as provided herein, minus the outstanding amount of the Swingline Loans and minus the outstanding amount of the Aggregate Floorplan Loans made and outstanding Approvals granted due to any unused portion of the Aggregate Revolving Loan Facility as provided in Section 3.2.1, 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 3.1.2 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be reborrowed through Revolving Loan Advances. Each Lender's Revolving Loan Commitment is its pro-rata share of the Aggregate Revolving Loan Commitment. Upon any reduction of the Aggregate Revolving Loan Commitment permitted in this Agreement, each Lender's Revolving Loan Commitment will automatically reduce by such Lender's pro-rata share of such reduction of the Aggregate Revolving Loan Commitment."

Appears in 1 contract

Samples: Credit Facilities Agreement (Pomeroy It Solutions Inc)

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Aggregate Amount. Subject to the limitations in Section 3.1.2, Section 3.6 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" that is initially Eighty Twenty Million Dollars ($80,000,00020,000,000), but which may decrease from time to time as provided herein, minus the outstanding amount of the Swingline Loans and minus the outstanding amount of the Aggregate Floorplan Loans made and outstanding Approvals granted due to any unused portion of the Aggregate Revolving Loan Facility as provided in Section 3.2.1, 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 3.1.2 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be reborrowed through Revolving Loan Advances or, subject to the terms and provisions herein, reborrowed through Swingline Advances. Each Lender's ’s Revolving Loan Commitment is its pro-rata share of the Aggregate Revolving Loan Commitment. At anytime after the first Anniversary Date and from time to time thereafter, Borrower may reduce the amount of the Aggregate Revolving Loan Commitment in whole multiples of $5,000,000, but only if (i) Borrower gives Administrative Agent written notice of Borrower’s intention to make such reduction at least three Business Days prior to the effective date of the reduction, (ii) such reduction does not reduce the Aggregate Revolving Loan Commitment below the Maximum Swingline Amount, and (iii) Borrower makes on the effective date of the reduction any payment of principal and accrued but unpaid interest on the Aggregate Revolving Loan required under this Agreement as a consequence of the reduction, including, without limitation, as set forth in Section 6.3.2. Any such reduction of the amount of the Aggregate Revolving Loan Commitment, whether scheduled or voluntary, shall be permanent. Upon any reduction of the Aggregate Revolving Loan Commitment permitted in this Agreement, each Lender's ’s Revolving Loan Commitment will automatically reduce by such Lender's ’s pro-rata share of such reduction of the Aggregate Revolving Loan Commitment."

Appears in 1 contract

Samples: Credit Facilities Agreement (MTM Technologies, Inc.)

Aggregate Amount. Subject to the limitations in Section 3.1.2, Section 3.6 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" that is initially Eighty Sixty Eight Million Seven Hundred Thousand Dollars ($80,000,00068,700,000), but which may decrease from time to time as provided herein, minus the outstanding amount of the Swingline Loans and minus the outstanding amount of the Aggregate Floorplan Loans made and outstanding Approvals granted due to any unused portion of the Aggregate Revolving Loan Facility as provided in Section 3.2.1, 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 3.1.2 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be reborrowed through Revolving Loan Advances. Each Lender's ’s Revolving Loan Commitment is its pro-rata share of the Aggregate Revolving Loan Commitment. Upon any reduction of the Aggregate Revolving Loan Commitment permitted in this Agreement, each Lender's ’s Revolving Loan Commitment will automatically reduce by such Lender's ’s pro-rata share of such reduction of the Aggregate Revolving Loan Commitment."

Appears in 1 contract

Samples: Credit Facilities Agreement (Pomeroy It Solutions Inc)

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Aggregate Amount. Subject to the limitations in Section 3.1.2, Section 3.6 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" that is initially Eighty Million Dollars ($80,000,000), but which may decrease from time to time as provided herein, minus the outstanding amount of the Swingline Loans and minus the outstanding amount of the Aggregate Floorplan Loans made and outstanding Approvals granted due to any unused portion of the Aggregate Revolving Loan Facility as provided in Section 3.2.1, 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 3.1.2 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be reborrowed through Revolving Loan Advances. Each Lender's ’s Revolving Loan Commitment is its pro-rata share of the Aggregate Revolving Loan Commitment. Upon any reduction of the Aggregate Revolving Loan Commitment permitted in this Agreement, each Lender's ’s Revolving Loan Commitment will automatically reduce by such Lender's ’s pro-rata share of such reduction of the Aggregate Revolving Loan Commitment."

Appears in 1 contract

Samples: Credit Facilities Agreement (Pomeroy It Solutions Inc)

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