Common use of Amount and Terms of Revolving Credit Commitments Clause in Contracts

Amount and Terms of Revolving Credit Commitments. 2.1 Revolving Credit Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Credit Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender's Revolving Credit Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swing Line Loans then outstanding, does not exceed the amount of such Lender's Revolving Credit Commitment then in effect. During the Revolving Credit Commitment Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Credit Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.10, provided that no Revolving Credit Loan shall be made as a Eurodollar Loan after the day that is one week prior to the Termination Date. (b) The Borrower shall repay all outstanding Revolving Credit Loans on the Termination Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Grand Union Co /De/)

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Amount and Terms of Revolving Credit Commitments. 2.1 3.1 Revolving Credit Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Credit Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender's Revolving Credit Commitment Percentage of an amount equal to the sum of the sum of (i) the aggregate principal amount of Swing Line Loans then outstanding plus (ii) the then outstanding L/C Obligations then outstanding and plus (iiiii) the aggregate principal amount of all Bilateral Option Loans and CAF Advances then outstanding (after giving effect to the Swing Line Loans then outstandinguse of proceeds of such Revolving Credit Loans), does not exceed the amount of such Lender's Revolving Credit Commitment then in effectCommitment, provided that no Lender shall be required to make a Revolving Credit Loan prior to the Collateral Release Date to the extent that, after giving effect thereto, the Aggregate Revolving Credit Outstandings at such time would exceed the Borrowing Base at such time. During the Revolving Credit Commitment Period Period, the Borrower may use the Revolving Credit Commitments by borrowing, prepaying and reborrowing the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. . (b) The Revolving Credit Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or Base Rate Loans(iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 subsections 3.2 and 2.104.2, provided that no Revolving Credit Loan shall be made as a Eurodollar Loan after the day that is one week month prior to the Revolving Credit Termination Date. (b) The Borrower shall repay all outstanding Revolving Credit Loans on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Kmart Corp)

Amount and Terms of Revolving Credit Commitments. 2.1 6.1 Revolving Credit Commitments. (a) Subject to the terms and ---------------------------- conditions hereof, each Revolving Credit Lender severally agrees to make revolving credit loans ("Revolving Credit Loans") to the Borrower from time to ---------------------- time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Revolving Credit Lender's Revolving Credit Commitment Percentage of the sum of (i) the then outstanding L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swing Line Loans then outstandingLoans, does not exceed the amount of such Revolving Credit Lender's Revolving Credit Commitment then in effect; provided that, after giving effect -------- to the making of such Revolving Credit Loan, the Aggregate Outstanding Extensions of Credit of all Revolving Credit Lenders shall not exceed the Aggregate Revolving Credit Commitment then in effect. During the Revolving Credit Commitment Period the Borrower may use the Aggregate Revolving Credit Commitments Commitment by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. . (b) The Revolving Credit Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or Base Rate Loans(iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 subsections 6.2 and 2.109.6, provided that (x) no Revolving Credit Loan shall be made as a -------- Eurodollar Loan after the day that is one week month prior to the Termination Date. Date and (by) The Borrower shall repay all outstanding any Revolving Credit Loans to be made on the Termination DateClosing Date initially shall be made as ABR Loans.

Appears in 1 contract

Samples: Credit Agreement (Dynatech Corp)

Amount and Terms of Revolving Credit Commitments. 2.1 4.1 Revolving Credit Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Credit Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender's Revolving Credit Commitment Percentage of the sum outstanding L/C obligations, does not exceed the lesser of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swing Line Loans then outstanding, does not exceed the amount of such Lender's Revolving Credit Commitment then in effect and (ii) such Lender's Revolving Credit Commitment Percentage of the Borrowing Base then in effect; provided, that the Revolving Credit Commitments shall terminate at 1:00 p.m., New York City time, on January 31, 1999, if the Closing Date has not occurred prior to that time. During the Revolving Credit Commitment Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. . (b) The Revolving Credit Loans may from time to time be (i) Eurodollar Loans, (ii) Base Rate Loans or Base Rate Loans(iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 4.3 and 2.106.2, provided that no Revolving Credit Loan shall be made as a Eurodollar Loan after the day that is one week month prior to the Revolving Credit Termination Date. (b) The Borrower shall repay all outstanding Revolving Credit Loans on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Denali Inc)

Amount and Terms of Revolving Credit Commitments. 2.1 4.1 Revolving Credit Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Credit Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender's Revolving Credit Commitment Percentage of the sum outstanding L/C Obligations, does not exceed the lesser of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swing Line Loans then outstanding, does not exceed the amount of such Lender's Revolving Credit Commitment then in effect and (ii) such Lender's Revolving Credit Commitment Percentage of the Borrowing Base then in effect; provided, that the Revolving Credit Commitments shall terminate at 3:00 p.m., New York City time, on October 22, 1997 if the Term Loans have not been made prior to that time. During the Revolving Credit Commitment Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. . (b) The Revolving Credit Loans may from time to time be (i) Eurodollar Loans or Loans, (ii) Base Rate Loans, or (iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 4.3 and 2.106.2, provided that no Revolving Credit Loan shall be made as a Eurodollar Loan after the day that is one week month prior to the Termination Date. (b) The Borrower shall repay all outstanding Revolving Credit Loans on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Diversified Food Group Inc)

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Amount and Terms of Revolving Credit Commitments. 2.1 6.1 Revolving Credit Commitments. (a) Subject to the terms and conditions hereof, each Revolving Credit Lender severally agrees to make revolving credit loans ("Revolving Credit Loans") denominated in Dollars or euro to the Primary Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Revolving Credit Lender's Revolving Credit Commitment Percentage of the sum of (i) the then outstanding Domestic L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swing Line Loans then outstandingLoans, does not exceed the amount of such Revolving Credit Lender's Revolving Credit Commitment then in effect; provided that, after giving effect to the making of such Revolving Credit Loan, the Aggregate Outstanding Extensions of Credit of all Revolving Credit Lenders shall not exceed the Aggregate Revolving Credit Commitment then in effect. During the Revolving Credit Commitment Period the Primary Borrower may use the Aggregate Revolving Credit Commitments Commitment by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. . (b) The Revolving Credit Loans may from time to time be Eurodollar (i) Eurocurrency Loans or Base Rate (ii) in the case of Revolving Credit Loans denominated in Dollars only, (x) ABR Loans or (y) a combination of Eurocurrency Loans and ABR Loans, as determined by the Primary Borrower and notified to the Administrative Agent in accordance with Sections 2.2 subsections 6.2 and 2.109.6, provided that (x) no Revolving Credit Loan shall be made as a Eurodollar Eurocurrency Loan after the day that is one week month prior to the Termination Date. Date and (by) The Borrower shall repay all outstanding any Revolving Credit Loans to be made on the Termination DateClosing Date initially shall be made as ABR Loans.

Appears in 1 contract

Samples: Credit Agreement (Dynatech Corp)

Amount and Terms of Revolving Credit Commitments. 2.1 4.1 Revolving Credit Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Credit Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender's Revolving Credit Commitment Percentage of the sum of (i) the outstanding L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swing Line Loans then outstandingObligations, does not exceed the amount of such Lender's Revolving Credit Commitment then in effect; provided, that the Revolving Credit Commitments shall terminate at 3:00 p.m., New York City time, on March 31, 1998, if the Term Loans have not been made prior to that time. During the Revolving Credit Commitment Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. . (b) The Revolving Credit Loans may from time to time be (i) Eurodollar Loans, (ii) Base Rate Loans or Base Rate Loans(iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 4.3 and 2.106.2, provided that no Revolving Credit Loan shall be made as a Eurodollar Loan after the day that is one week month prior to the Revolving Credit Termination Date. (b) The Borrower shall repay all outstanding Revolving Credit Loans on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Unidigital Inc)

Amount and Terms of Revolving Credit Commitments. 2.1 Revolving Credit Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Credit Loans") to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding which, when added not to such Lender's Revolving Credit Percentage of exceed the sum lesser of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swing Line Loans then outstanding, does not exceed the amount of such Lender's Revolving Credit Commitment then in effect and (ii) such Lender's Revolving Credit Commitment Percentage of the Borrowing Base then in effect. During the Revolving Credit Commitment Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. . (b) The Revolving Credit Loans may from time to time be (i) Eurodollar Loans or Loans, (ii) Base Rate Loans, or (iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 2.3 and 2.105.2, provided that no Revolving Credit Loan shall be made as a Eurodollar Loan after the day that is one week month prior to the Revolving Credit Termination Date. (b) The Borrower shall repay all outstanding Revolving Credit Loans on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Universal Hospital Services Inc)

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