Aggregate Revolving Loan Commitment Clause Samples
The Aggregate Revolving Loan Commitment clause defines the total maximum amount of credit that lenders collectively agree to make available to the borrower under a revolving credit facility. This clause sets a cap on the sum of all outstanding loans and letters of credit that can be drawn at any one time, regardless of individual lender commitments. For example, if the aggregate commitment is $100 million, the borrower cannot borrow more than this amount in total, even if some lenders have unused portions of their individual commitments. The core function of this clause is to establish a clear overall borrowing limit, thereby managing lender risk and ensuring the borrower does not exceed the agreed-upon credit exposure.
Aggregate Revolving Loan Commitment. The Revolving Credit Obligations do not, and after making such proposed Advance or issuing such Letter of Credit would not, exceed the Aggregate Revolving Loan Commitment. Each Borrowing/Election Notice with respect to each such Advance and the letter of credit application with respect to each Letter of Credit shall constitute a representation and warranty by the Borrower that the conditions contained in Sections 5.2(A), (B) and (C) have been satisfied. Any Lender may require a duly completed officer's certificate in substantially the form of Exhibit G hereto and/or a duly completed compliance certificate in substantially the form of Exhibit H hereto as a condition to making an Advance.
Aggregate Revolving Loan Commitment. 12 Agreement.........................................................................................................2
Aggregate Revolving Loan Commitment. From and including the date of this Agreement and prior to the Revolving Commitment Termination Date, the Lender, subject to the terms and conditions herein, agrees to make Revolving Loans in amounts not to exceed in the aggregate at any one time outstanding the amount of the Aggregate Revolving Loan Commitment. Subject to Section 2.5, the Borrower may permanently reduce the Aggregate Revolving Loan Commitment, in integral multiples of Yen 50,000,000, upon at least five Business Days' written notice to the Lender; provided, however, that the amount of the Commitment may not be reduced below the aggregate principal amount of the outstanding Revolving Loans.
Aggregate Revolving Loan Commitment. The first sentence of Section 3.1.1 of the Second Amended and Restated Loan Agreement is hereby amended and restated as follows:
Aggregate Revolving Loan Commitment. If, prior to April 17, 2005, the Borrower voluntarily reduces the Aggregate Revolving Loan Commitment by more than the $70,000,000 permitted in Section 2.4.2 (any such reduction, a "Revolver Prepayment Event"), then the Borrower shall pay to the Agent for the benefit of the Lenders with Revolving Loan Commitments in immediately available funds a prepayment fee on the date of such Revolver Prepayment Event equal to the Aggregate Revolving Loan Commitment in effect immediately prior to such reduction times (i) 0.50% if the Revolver Prepayment Event occurs prior to April 17, 2004 or (ii) 0.25% if the Revolver Prepayment Event occurs on or subsequent to April 17, 2004 but prior to April 17, 2005. Notwithstanding the foregoing, the Borrower shall not be required to pay any prepayment fee upon the occurrence of a Revolver Prepayment Event if such Revolver Prepayment Event occurs contemporaneously with a refinancing of the aggregate outstanding Obligations pursuant to a bank credit facility provided or arranged by Bank One or an Affiliate thereof.
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