Common use of Alternative Currency Tranche Loans Clause in Contracts

Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forth, each Alternative Currency Tranche Lender severally agrees to make Alternative Currency Tranche Loans denominated in Dollars or in one or more Alternative Currencies to the Borrower (each such loan, a “Alternative Currency Tranche Loan”) in an aggregate Outstanding Amount not to exceed at any time the amount of such Revolving Credit Lender’s Alternative Currency Commitment; provided that (x) any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Alternative Currency Tranche Loans as further provided herein; provided that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type and currency, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time, (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and (6) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of Alternative Currency Tranche Loans exceeding the amount of the Alternative Currency Tranche at such time, and (y) after giving effect to any such Alternative Currency Tranche Loans, Availability shall be greater than or equal to $0.

Appears in 2 contracts

Samples: Credit Agreement (Americold Realty Trust), Credit Agreement (Americold Realty Trust)

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Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Alternative Currency Tranche Lender severally agrees to make Alternative Currency Tranche Loans denominated in Dollars or in one or more Alternative Currencies to the Borrower revolving loans (each such loan, a an “Alternative Currency Tranche Loan”) to the Borrowers in Dollars or in an Alternative Currency on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Alternative Currency Commitment; provided provided, however, that (x) after giving effect to any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Alternative Currency Tranche Loans as further provided herein; provided that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Committed Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type and currencyLoans, (3w) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time, (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and Outstandings shall not exceed the Aggregate Revolving Commitments, (6x) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of Alternative Currency Tranche Loans exceeding shall not exceed the aggregate amount of all Alternative Currency Commitments, (y) the aggregate Outstanding Amount of the Committed Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Lender’s Revolving Commitment, and (z) the aggregate Outstanding Amount of all Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Tranche at such timeSublimit. Within the limits of each Revolving Lender’s Revolving Commitment, and (y) after giving effect subject to any such the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Alternative Currency Tranche Loans may be Base Rate Loans or Eurocurrency Rate Loans, Availability shall be greater than or equal to $0as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Sabra Health Care REIT, Inc.), Credit Agreement (Sabra Health Care REIT, Inc.)

Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Alternative Currency Tranche Lender severally agrees to make Alternative Currency Tranche Loans denominated in Dollars or in one or more Alternative Currencies to the Borrower revolving loans (each such loan, a an “Alternative Currency Tranche Loan”) to the Borrowers in Dollars or in an Alternative Currency on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Alternative Currency Commitment; provided provided, however, that (x) after giving effect to any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Alternative Currency Tranche Loans as further provided herein; provided that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Committed Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type and currencyLoans, (3i) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time, (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and Outstandings shall not exceed the Aggregate Revolving Commitments, (6ii) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of Alternative Currency Tranche Loans exceeding shall not exceed the aggregate amount of all Alternative Currency Commitments, (iii) the aggregate Outstanding Amount of the Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Revolving Commitment, and (iv) the aggregate Outstanding Amount of all Loans denominated in a currency other than Dollars shall not exceed the Alternative Currency Tranche at such timeSublimit. Within the limits of each Revolving Xxxxxx’s Revolving Commitment, and (y) after giving effect subject to any such the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Alternative Currency Tranche Loans may be Base Rate Loans, Availability shall be greater than Daily Floating RateSOFR Loans or equal to $0Eurocurrency, Term SOFR Loans, Alternative Currency Daily Rate Loans or Alternative Currency Term Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas, Inc.)

Alternative Currency Tranche Loans. Subject to and upon During the terms and conditions herein set forthRevolving Commitment Period, each Alternative Currency Tranche Lender severally agrees to make revolving credit loans (the “Alternative Currency Tranche Loans denominated Loans”) to the Parent Borrower in Dollars or in one or more Alternative Currencies to the Borrower (each such loan, a “Alternative Currency Tranche Loan”) in an aggregate Outstanding Amount not to exceed at on any time the amount of such Revolving Credit Lender’s Alternative Currency CommitmentBusiness Day; provided that (x) any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Alternative Currency Tranche Loans as further provided herein; provided that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type and currency, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time, (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and (6) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of Alternative Currency Tranche Loans exceeding the amount of the Alternative Currency Tranche at such time, and (y) after giving effect to any such Alternative Currency Tranche Loan, (i) with regard to the Revolving Lenders collectively, the aggregate Outstanding Amount of Revolving Obligations shall not exceed the aggregate Revolving Committed Amount (as such amount may be increased or decreased in accordance with the provisions hereof), (ii) with regard to the Alternative Currency Tranche Lenders collectively, the aggregate Outstanding Amount of Alternative Currency Tranche Obligations shall not exceed the Alternative Currency Tranche Committed Amount, (iii) with regard to each Alternative Currency Tranche Lender individually, such Alternative Currency Tranche Lender’s Alternative Currency Tranche Commitment Percentage of Alternative Currency Tranche Obligations shall not exceed its respective Alternative Currency Tranche Committed Amount, (iv) with regard to each Revolving Lender individually, such Revolving Lender’s Revolving Commitment Percentage of the Revolving Obligations shall not exceed such Revolving Lender’s Revolving Committed Amount, and (v) the Outstanding Amount of Alternative Currency Tranche Loans shall not exceed the Alternative Currency Sublimit. Alternative Currency Tranche Loans may consist of Base Rate Loans, Availability shall Eurocurrency Loans, or a combination thereof, as provided herein, and may be greater than or equal to $0repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Alternative Currency Tranche Lender severally agrees to make Alternative Currency Tranche Loans denominated in Dollars or in one or more Alternative Currencies to the Borrower loans (each such loan, a an “Alternative Currency Tranche Loan”) to the Parent Borrower and any Designated Borrower in Dollars or in an Alternative Currency for which such Alternative Currency Tranche Lender has an Alternative Currency Tranche Commitment from time to time, on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount as to all Borrowers not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Alternative Currency Tranche Commitment or, with respect to any single Alternative Currency, not to exceed the maximum amount (if any) that such Revolving Credit Lender has committed to provide with respect to such Alternative Currency as part of its Alternative Currency Tranche Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing under this Section 2.01(b)(ii), (w) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility at such time, (x) any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Alternative Currency Tranche Loans as further provided herein; provided that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely Outstanding Amount of Alternative Currency Tranche Loans shall not exceed the Aggregate Alternative Currency Tranche Commitments, (y) the Outstanding Amount of all Revolving Credit Loans (including Swing Line Loans) denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit and (z) the Outstanding Amount of the same Type and currencyRevolving Credit Loans of any Revolving Credit Lender, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application plus such Revolving Credit Lender’s Dollar Tranche Percentage of the proceeds thereofOutstanding Amount of all L/C Obligations, result in plus such Revolving Credit Lender’s Dollar Tranche Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment at such timeAlternative Currency Tranche Commitment, (5) shall not, after giving effect thereto and subject to the application of the proceeds thereofother terms and conditions hereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect each Borrower may borrow under this Section 2.01(b)(ii), prepay under Section 2.06, and (6) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of reborrow under this Section 2.01(b)(ii). Alternative Currency Tranche Loans exceeding the amount of the in Dollars may be Base Rate Loans, LIBOR Floating Rate Loans or Eurocurrency Rate Loans and Alternative Currency Tranche at such time, and (y) after giving effect to any such Alternative Currency Tranche Loans in currencies other than Dollars shall only be Eurocurrency Rate Loans, Availability shall be greater than or equal to $0in each case as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (W. P. Carey Inc.)

Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Alternative Currency Tranche Lender severally agrees to make Alternative Currency Tranche Revolving Loans denominated to the Borrowers in Dollars or in one or more an Alternative Currencies to the Borrower Currency (each such loan, a an “Alternative Currency Tranche Loan”) on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Alternative Currency Commitment; provided provided, however, that (x) after giving effect to any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Alternative Currency Tranche Loans as further provided herein; provided that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Committed Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type and currencyLoans, (3w) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time, (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and Outstandings shall not exceed the Aggregate Revolving Commitments, (6x) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of Alternative Currency Tranche Loans exceeding shall not exceed the aggregate amount of all Alternative Currency Commitments, (y) the aggregate Outstanding Amount of the Committed Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Revolving Commitment, and (z) the aggregate Outstanding Amount of all Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Tranche at such timeSublimit. Within the limits of each Revolving Xxxxxx’s Revolving Commitment, and (y) after giving effect subject to any such the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Alternative Currency Tranche Loans denominated in Dollars may be Base Rate Loans, Availability Daily SOFR Loans or Term SOFR Loans, and, except as provided in Sections 3.02 and 3.03, Alternative Currency Tranche Loans denominated in Alternative Currencies shall be greater than Alternative Currency Daily Rate Loans or equal to $0Alternative Currency Term Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Alternative Currency Tranche Lender severally agrees to make Alternative Currency Tranche Loans denominated in Dollars or in one or more Alternative Currencies to the Borrower revolving loans (each such loan, a an “Alternative Currency Tranche Loan”) to the Borrower in Dollars or in an Alternative Currency on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Alternative Currency Commitment; provided provided, however, that (x) after giving effect to any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Alternative Currency Tranche Loans as further provided herein; provided that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Committed Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type and currencyLoans, (3w) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time, (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and Outstandings shall not exceed the Aggregate Revolving Commitments, (6x) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of Alternative Currency Tranche Loans exceeding shall not exceed the aggregate amount of all Alternative Currency Commitments, (y) the aggregate Outstanding Amount of the Committed Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Lender’s Revolving Commitment, and (z) the aggregate Outstanding Amount of all Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Tranche at such timeSublimit. Within the limits of each Revolving Lender’s Revolving Commitment, and (y) after giving effect subject to any such the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Alternative Currency Tranche Loans may be Base Rate Loans or Eurocurrency Rate Loans, Availability shall be greater than or equal to $0as further provided herein.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Care Capital Properties, Inc.)

Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Alternative Currency Tranche Lender severally agrees to make Alternative Currency Tranche Loans denominated in Dollars or in one or more Alternative Currencies to the Borrower loans (each such loan, a an “Alternative Currency Tranche Loan”) to the Borrower in Dollars or in an Alternative Currency for which such Alternative Currency Tranche Lender has an Alternative Currency Tranche Commitment from time to time, on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Alternative Currency Commitment; provided Tranche Commitment or, with respect to any single Alternative Currency, not to exceed the maximum amount (if any) that (x) any of the foregoing such Revolving Credit Lender has committed to provide with respect to such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option as part of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are its Alternative Currency Tranche Loans as further provided hereinCommitment; provided provided, however, that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type and currency, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such any Revolving Credit Lender’s Borrowing under this Section 2.01(b)(ii), (w) the Total Revolving Credit Exposure at such time exceeding such Outstandings shall not exceed the Revolving Credit Lender’s Revolving Credit Commitment Facility at such time, (5x) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and (6) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of Alternative Currency Tranche Loans exceeding shall not exceed the amount Aggregate Alternative Currency Tranche Commitments, (y) the aggregate Outstanding Amount of Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Tranche at such time, Sublimit and (yz) after giving effect to the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender, plus such Revolving Credit Lender’s Applicable Dollar Tranche Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Credit Lender’s Applicable Dollar Tranche Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Alternative Currency Tranche Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b)(ii), prepay under Section 2.06, and reborrow under this Section 2.01(b)(ii). Alternative Currency Tranche Loans (other than Alternative Currency Tranche Loans in Dollars) shall only be Eurocurrency Rate Loans, Availability shall be greater than or equal to $0as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (W. P. Carey Inc.)

Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forth, each Alternative Currency Tranche Lender severally agrees to make Alternative Currency Tranche Loans denominated in Dollars or in one or more Alternative Currencies to the Borrower Borrowers (each such loan, a “Alternative Currency Tranche Loan”) in an aggregate Outstanding Amount not to exceed at any time the amount of such Revolving Credit Lender’s Alternative Currency Commitment; provided that (x) any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Parent Borrower be incurred and maintained as, and/or converted into, Base Rate Loans, LIBOR Floating Rate Loans or Eurocurrency Loans that are Alternative Currency Tranche Loans as further provided herein; provided that (w) Alternative Currency Tranche Loans that constitute LIBOR Floating Rate Loans shall be available (whether by virtue of incurrence, conversion or otherwise) only to the Parent Borrower, (x) all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type and currencycurrency and (y) all Alternative Currency Tranche Loans denominated in an Alternative Currency may only be incurred and maintained as Eurocurrency Loans, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time, (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and (6) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of Alternative Currency Tranche Loans exceeding the amount of the Alternative Currency Tranche at such time, and (y) after giving effect to any such Alternative Currency Tranche Loans, Availability shall be greater than or equal to $0.

Appears in 1 contract

Samples: Assignment and Assumption (Americold Realty Trust)

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Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forth, each Alternative Currency Tranche Lender severally agrees to make Alternative Currency Tranche Loans denominated in Dollars or in one or more Alternative Currencies to the Borrower BorrowerBorrowers (each such loan, a “Alternative Currency Tranche Loan”) in an aggregate Outstanding Amount not to exceed at any time the amount of such Revolving Credit Lender’s Alternative Currency Commitment; provided that (x) any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower BorrowerBorrowers be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Alternative Currency Tranche Loans as further provided herein; provided that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type and currency, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time, (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and (6) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of Alternative Currency Tranche Loans exceeding the amount of the Alternative Currency Tranche at such time, and (y) after giving effect to any such Alternative Currency Tranche Loans, Availability shall be greater than or equal to $0.

Appears in 1 contract

Samples: Credit Agreement (Americold Realty Trust)

Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Alternative Currency Tranche Lender severally agrees to make Alternative Currency Tranche Loans denominated in Dollars or in one or more Alternative Currencies to the Borrower revolving loans (each such loan, a an “Alternative Currency Tranche Loan”) to the Borrowers in Dollars or in an Alternative Currency on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Alternative Currency Commitment; provided provided, however, that (x) after giving effect to any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Alternative Currency Tranche Loans as further provided herein; provided that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Committed Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type and currencyLoans, (3i) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time, (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and Outstandings shall not exceed the Aggregate Revolving Commitments, (6ii) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of Alternative Currency Tranche Loans exceeding shall not exceed the aggregate amount of all Alternative Currency Commitments, (iii) the aggregate Outstanding Amount of the Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Revolving Commitment, and (iv) the aggregate Outstanding Amount of all Loans denominated in a currency other than Dollars shall not exceed the Alternative Currency Tranche at such timeSublimit. Within the limits of each Revolving Lender’s Revolving Commitment, and (y) after giving effect subject to any such the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Alternative Currency Tranche Loans may be Base Rate Loans, Availability shall be greater than Daily Floating Rate Loans or equal to $0Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas, Inc.)

Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Alternative Currency Tranche Lender severally agrees to make Alternative Currency Tranche Loans denominated in Dollars or in one or more Alternative Currencies to the Borrower loans (each such loan, a an “Alternative Currency Tranche Loan”) to the Parent Borrower and any Designated Borrower in Dollars or in an Alternative Currency for which such Alternative Currency Tranche Lender has an Alternative Currency Tranche Commitment from time to time, on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount as to all Borrowers not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Alternative Currency Commitment; provided Tranche Commitment or, with respect to any single Alternative Currency, not to exceed the maximum amount (if any) that (x) any of the foregoing such Revolving Credit Lender has committed to provide with respect to such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option as part of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are its Alternative Currency Tranche Loans as further provided hereinCommitment; provided provided, however, that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type and currency, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such any Revolving Credit Lender’s Borrowing under this Section 2.01(b)(ii), (w) the Total Revolving Credit Exposure at such time exceeding such Outstandings shall not exceed the Revolving Credit Lender’s Revolving Credit Commitment Facility at such time, (5x) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and (6) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of Alternative Currency Tranche Loans exceeding shall not exceed the amount Aggregate Alternative Currency Tranche Commitments, (y) the Outstanding Amount of all Revolving Credit Loans (including Swing Line Loans) denominated in Alternative Currencies shall not exceed the Alternative Currency Tranche at such time, Sublimit and (yz) after giving effect to the Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender, plus such Revolving Credit Lender’s Dollar Tranche Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Credit Lender’s Dollar Tranche Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Xxxxxx’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Alternative Currency Tranche Commitment, and subject to the other terms and conditions hereof, each Borrower may borrow under this Section 2.01(b)(ii), prepay under Section 2.06, and reborrow under this Section 2.01(b)(ii). Alternative Currency Tranche Loans in Dollars may be Base Rate Loans, Availability LIBOR Floating RateDaily SOFR Loans or Eurocurrency RateTerm SOFR Loans and Alternative Currency Tranche Loans in currencies other than Dollars shall only be greater than EurocurrencyAlternative Currency Daily Rate Loans or equal to $0Alternative Currency Term Rate Loans, in each case as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (W. P. Carey Inc.)

Alternative Currency Tranche Loans. Subject to and upon During the terms and conditions herein set forthRevolving Commitment Period, each Alternative Currency Tranche Lender severally agrees to make Revolving Loans (the “Alternative Currency Tranche Loans denominated Loans”) to the Borrower in Dollars or in one or more Alternative Currencies to the Borrower (each such loan, a “Alternative Currency Tranche Loan”) in an aggregate Outstanding Amount not to exceed at on any time the amount of such Revolving Credit Lender’s Alternative Currency CommitmentBusiness Day; provided that (x) any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Alternative Currency Tranche Loans as further provided herein; provided that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type and currency, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time, (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and (6) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of Alternative Currency Tranche Loans exceeding the amount of the Alternative Currency Tranche at such time, and (y) after giving effect to any such Alternative Currency Tranche Loan, (i) with regard to the Revolving Lenders collectively, the aggregate Outstanding Amount of Revolving Obligations shall not exceed the aggregate Revolving Committed Amount (as such amount may be increased or decreased in accordance with the provisions hereof), (ii) with regard to the Alternative Currency Tranche Lenders collectively, the aggregate Outstanding Amount of Alternative Currency Tranche Obligations shall not exceed the Aggregate Alternative Currency Tranche Commitments, (iii) with regard to each Alternative Currency Tranche Lender individually, such Alternative Currency Tranche Lender’s Alternative Currency Tranche Commitment Percentage of Alternative Currency Tranche Obligations shall not exceed its respective Alternative Currency Tranche Committed Amount, (iv) with regard to each Revolving Lender individually, such Revolving Lender’s Revolving Commitment Percentage of the Revolving Obligations shall not exceed such Revolving Lender’s Revolving Committed Amount, and (v) the Outstanding Amount of Alternative Currency Tranche Loans shall not exceed the Alternative Currency Sublimit. Alternative Currency Tranche Loans may consist of Base Rate Loans, Availability shall Eurodollar Loans, or a combination thereof, as provided herein, and may be greater than or equal to $0repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Alternative Currency Tranche Lender severally agrees to make Alternative Currency Tranche Loans denominated in Dollars or in one or more Alternative Currencies to the Borrower loans (each such loan, a an “Alternative Currency Tranche Loan”) to the Company and any Designated Borrower in Dollars or in an Alternative Currency for which such Alternative Currency Tranche Lender has an Alternative Currency Tranche Commitment from time to time, on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount as to all Borrowers not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Alternative Currency Tranche Commitment or, with respect to any single Alternative Currency, not to exceed the maximum amount (if any) that such Revolving Credit Lender has committed to provide with respect to such Alternative Currency as part of its Alternative Currency Tranche Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing under this Section 2.01(b)(ii), (w) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility at such time, (x) any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Alternative Currency Tranche Loans as further provided herein; provided that all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely Outstanding Amount of Alternative Currency Tranche Loans shall not exceed the Aggregate Alternative Currency Tranche Commitments, (y) the Outstanding Amount of Revolving Credit Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit and (z) the Outstanding Amount of the same Type and currencyRevolving Credit Loans of any Revolving Credit Lender, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application plus such Revolving Credit Lender’s Applicable Dollar Tranche Percentage of the proceeds thereofOutstanding Amount of all L/C Obligations, result in plus such Revolving Credit Lender’s Applicable Dollar Tranche Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment at such time63861415 Alternative Currency Tranche Commitment, (5) shall not, after giving effect thereto and subject to the application of the proceeds thereofother terms and conditions hereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect each Borrower may borrow under this Section 2.01(b)(ii), prepay under Section 2.06, and (6) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate Outstanding Amount of reborrow under this Section 2.01(b)(ii). Alternative Currency Tranche Loans exceeding the amount of the (other than Alternative Currency Tranche at such time, and (yLoans in Dollars) after giving effect to any such Alternative Currency Tranche shall only be Eurocurrency Rate Loans, Availability shall be greater than or equal to $0as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (W. P. Carey Inc.)

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