Amount and Nature of Credit. Subject to the terms and conditions of this Agreement, each Bank shall participate to the extent hereinafter provided in making Loans to and issuing Letters of Credit at the request of Borrowers in such aggregate amount as Borrowers shall request pursuant to the Commitment; provided, however, that in no event shall the aggregate principal amount of all Loans and Letters of Credit outstanding under this Agreement be in excess of the Total Commitment Amount.
Appears in 1 contract
Samples: First Amendment Agreement (Advanced Lighting Technologies Inc)
Amount and Nature of Credit. Subject to the terms and conditions of this Agreement, each Bank shall the Banks will participate to the extent hereinafter provided in making Loans to and issuing Letters of Credit at the request of Borrowers Borrower, in such aggregate amount as Borrowers Borrower shall request pursuant to the Commitment; provided, however, that in no event shall the aggregate outstanding principal amount of all Loans and Letters of Credit outstanding under this Agreement be in excess of exceed the Total Commitment Amount.. The Loans shall be made as follows:
Appears in 1 contract
Samples: Credit Agreement (Timken Co)
Amount and Nature of Credit. Subject to the terms and conditions provisions of this Agreement, each Bank shall participate to the extent hereinafter provided in making make Loans to and issuing Letters of Credit at the request of Borrowers Borrowers, in such aggregate amount as Borrowers shall request pursuant to the Line of Credit Commitment and the Term Loan Commitment; provided, however, that in no event shall the aggregate principal amount of all Loans and Letters of Credit outstanding under this Agreement at any one time be in excess of the Total Commitment Amount.Commitment. The Loans may be made as Line of Credit Loan and as a Term Loan as follows:
Appears in 1 contract
Samples: Credit and Security Agreement (Telecomm Industries Corp)
Amount and Nature of Credit. Subject to the terms and conditions of this Agreement, each Bank shall participate participate, to the extent hereinafter provided provided, in making Loans to and issuing Letters of Credit at the request of Borrowers Borrower in such aggregate amount as Borrowers Borrower shall request pursuant to the Commitment; provided, however, that in no event shall the aggregate principal amount of all Loans and Letters of Credit outstanding under this Agreement be in excess of the Total Commitment Amount.
Appears in 1 contract
Samples: Credit Agreement (Nordson Corp)