Amount and Terms of the Facilities. 2.1. Amount and Terms of the U.S. Commitments. (a) U.S. Commitments. (i) Subject to the terms and conditions hereof, each U.S. Lender severally agrees to make revolving credit loans in Dollars ( "U.S. Revolving Credit Loans") to the Borrower from time to time during the Commitment Period so long as after giving effect thereto (x) the Available U.S. Commitment of each U.S. Lender is greater than or equal to zero and (y) the Aggregate Total Outstandings of all Lenders do not exceed the Aggregate U.S. Commitments. During the Commitment Period the Borrower may use the U.S. Commitments by borrowing, prepaying the U.S. Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. (ii) The U.S. Revolving Credit Loans may from time to time be (A) Eurodollar Rate Loans, (B) ABR Loans or (C) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with subsections 2.1(b) and 2.6; provided that no U.S. Revolving Credit Loan shall be made as a Eurodollar Rate Loan after the day that is one month prior to the Termination Date.
Appears in 2 contracts
Samples: 364 Day Competitive Advance and Revolving Credit Facility (Delphi Corp), 364 Day Competitive Advance and Revolving Credit Facility (Delphi Corp)
Amount and Terms of the Facilities. 2.1. Amount and Terms of the U.S. Commitments.
(a) . U.S. Commitments.
(i) . Subject to the terms and conditions hereof, each U.S. Lender severally agrees to make revolving credit loans in Dollars ( ("U.S. Revolving Credit Loans") to the Borrower from time to time during the Commitment Period so long as after giving effect thereto (x) the Available U.S. Commitment of each U.S. Lender is greater than or equal to zero and (y) the Aggregate Total Outstandings of all Lenders do not exceed the Aggregate U.S. Commitments. During the Commitment Period the Borrower may use the U.S. Commitments by borrowing, prepaying the U.S. Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
(iii) The U.S. Revolving Credit Loans may from time to time be (A) Eurodollar Rate Loans, (B) ABR Loans or (C) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with subsections 2.1(b) and 2.6; provided that no U.S. Revolving Credit Loan shall be made as a Eurodollar Rate Loan after the day that is one month prior to the Termination Date.
Appears in 1 contract
Samples: 364 Day Competitive Advance and Revolving Credit Facility (Delphi Automotive Systems Corp)
Amount and Terms of the Facilities. 2.1. Amount and Terms of the U.S. Commitments.
(a) U.S. Commitments.
(i) Subject to the terms and conditions hereof, each U.S. Lender severally agrees to make revolving credit loans in Dollars ( ("U.S. Revolving Credit Loans") to the Borrower from time to time during the Commitment Period so long as after giving effect thereto (x) the Available U.S. Commitment of each U.S. Lender is greater than or equal to zero and (y) the Aggregate Total Outstandings of all Lenders do not exceed the Aggregate U.S. Commitments. During the Commitment Period the Borrower may use the U.S. Commitments by borrowing, prepaying the U.S. Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
(ii) The U.S. Revolving Credit Loans may from time to time be (A) Eurodollar Rate Loans, (B) ABR Loans or (C) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with subsections 2.1(b) and 2.6; provided that no U.S. Revolving Credit Loan shall be made as a Eurodollar Rate Loan after the day that is one month prior to the Termination Date.
Appears in 1 contract
Samples: 364 Day Competitive Advance and Revolving Credit Facility (Delphi Corp)