Amount and Terms of Credit Facility. The Commitments. Subject to and upon the terms and conditions set forth herein, each Lender severally agrees to make on and after the Initial Borrowing Date and prior to the Commitment Termination Date and at the times specified in Section 2.02 term loans to the Borrower (each, a “Loan” and, collectively, the “Loans”), which Loans (i) shall bear interest in accordance with Section 2.06, (ii) shall be denominated and repayable in Dollars, (iii) shall be disbursed on any Borrowing Date, (iv) shall not exceed on such Borrowing Date for all Lenders the Dollar Equivalent of the maximum available amount for such Borrowing Date as set forth in Section 2.02 and (v) disbursed on any Borrowing Date shall not exceed for any Lender the Dollar Equivalent of the Commitment of such Lender on such Borrowing Date.
Amount and Terms of Credit Facility. 12 2.1 Revolving Line of Credit.................................................. 12 2.2
Amount and Terms of Credit Facility. 11 2.1 The Loan 11 2.2 The Note 11 2.3 Use of Proceeds 11 2.4 Borrowing Procedures 12 2.5 Interest Rate 12 2.6 Letter of Credit Fees 12 2.7 Scheduled Principal and Interest Payments 12 2.8 Making of Payments 13 2.9 Maximum Lawful Interest Rate 13 2.10 Borrowing Base Determinations 13 2.11 Voluntary Prepayments 15 2.12 Fees 15 2.13 Advances to Satisfy Obligations of Borrower 15 2.14 Pledge of and Security Interest in Accounts and Right of Offset or Lien 15 2.15 Letters in Lieu of Transfer Orders 16 2.16 Power of Attorney 16
Amount and Terms of Credit Facility. 2.1 The Loan. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties made by each Borrower herein Lender agrees to make Advances from time to time, on or before the Maturity Date, in accordance with the borrowing procedures set forth in paragraph 2.4 hereof; provided, however, that the aggregate principal amount at any one time outstanding under the Note shall not exceed the lesser of (i) the Borrowing Base then in effect less the sum of the Monthly Commitment Reductions with respect to the Loan which have occurred subsequent to the immediately preceding Borrowing Base Determination; or (ii)
Amount and Terms of Credit Facility. Section 2.1. Revolving Credit Advances . . . . . . . . . . 18 Section 2.2. Revolving Credit Note . . . . . . . . . . . . 19 Section 2.3. Interest Rate . . . . . . . . . . . . . . . . 19 Section 2.4. Computations. . . . . . . . . . . . . . . . . 20 Section 2.5. Default Interest. . . . . . . . . . . . . . . 20 Section 2.6. Use of Proceeds . . . . . . . . . . . . . . . 20 Section 2.7. Conditions to Effectiveness and Advances; Procedures . . . . . . . . . . . . . . . . . 20 Section 2.8.
Amount and Terms of Credit Facility. 2.01 The Commitments (a) Subject to and upon the terms and conditions set forth herein, each Lender with an Initial Commitment severally agrees to make, at any time and from time to time on or after the Initial Borrowing Date and prior to the Maturity Date, a revolving loan or revolving loans (each, an “Initial Loan” and, collectively, the “Initial Loans”) to the Borrower (the “Initial Facility”), which Initial Loans: (i) shall be denominated in Dollars, (ii) shall bear interest in accordance with Section 2.07, (iii) may be repaid and reborrowed in accordance with the provisions hereof, and (iv) shall not exceed for any such Lender at any time outstanding that aggregate principal amount which, when added to the product of (x) such Lender’s Percentage under the Initial Facility and (y) the aggregate amount of all Letters of Credit Outstanding under the Initial Facility (exclusive of Unpaid Drawings under the Initial Facility which are repaid with the proceeds of, and simultaneously with the incurrence of, the respective incurrence of Initial Loans) at such time equals the Initial Commitment of such Lender under the Initial Facility at such time.
Amount and Terms of Credit Facility
