Amount of Revolving Loans. Upon the satisfaction of the conditions precedent set forth in Sections 5.1, 5.2 and 5.3, as applicable, from and including the Closing Date and prior to the Termination Date, each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make revolving loans to the Borrowers from time to time, in Dollars, in an amount not to exceed such Lender’s Pro Rata Share of Revolving Credit Availability at such time (each individually, a “Revolving Loan” and, collectively, the “Revolving Loans”); provided however, at no time shall (i) the amount of the Revolving Credit Obligations exceed the Adjusted Aggregate Commitment and (ii) the Financial Credit Obligations exceed the Financial Credit Sublimit. Subject to the terms of this Agreement, the Borrowers may borrow, repay and reborrow Revolving Loans at any time prior to the Termination Date. The Revolving Loans made on the Closing Date or on or before the third (3rd) Business Day thereafter shall initially be Floating Rate Loans and thereafter may be continued as Floating Rate Loans or converted into Eurodollar Rate Loans in the manner provided in Section 2.9 and subject to the other conditions and limitations therein set forth and set forth in this Article II and set forth in the definition of Interest Period. Revolving Loans made after the third (3rd) Business Day after the Closing Date shall be, at the option of the applicable Borrower, either Floating Rate Loans or Eurodollar Rate Loans selected in accordance with Section 2.9. On the Termination Date, each of the Borrowers shall repay in full the outstanding principal balance of the Revolving Loans made to it. Each Advance under this Section 2.1 shall consist of Revolving Loans made by each Lender ratably in proportion to such Lender’s respective Pro Rata Share.
Amount of Revolving Loans. Upon the satisfaction of the conditions precedent contained in Section 4.1, Section 4.1A, Section 4.3, and, with respect to any Non-U.S. Subsidiary Borrower (other than the German Borrower or the UK Borrower), Section 4.2, from and including the Revolving Loan Funding Date and prior to the Maturity Date (or, if earlier, the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.7 hereof or the Commitments pursuant to Section 8.1 hereof), each Revolving Loan Lender severally agrees, on the terms and conditions set forth in this Agreement, to make revolving loans to the applicable Borrower from time to time in Agreed Currencies in an aggregate Dollar Amount with respect to any such Loan not to exceed such Lender’s Revolving Loan Percentage of Revolving Credit Availability, or, if less, such Lender’s Revolving Loan Commitment, at such time (each individually, a “Revolving Loan” and, collectively, the “Revolving Loans”); provided, however, that (i) at no time shall the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment, (ii) upon giving effect to each Revolving Loan, the aggregate outstanding principal Dollar Amount of all Eurocurrency Advances and Facility LCs in Agreed Currencies other than Dollars shall not exceed the Maximum Foreign Currency Amount and (iii) upon giving effect to each Revolving Loan, the aggregate outstanding principal Dollar Amount of all Revolving Loans and Facility LCs made to or issued for the account of the Non-U.S. Subsidiary Borrowers shall not exceed the Maximum Non-U.S.
Amount of Revolving Loans. Upon the satisfaction of the applicable conditions precedent set forth in Article V, from and including the Closing Date and prior to the Revolving Loan Termination Date, each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make revolving loans to the Borrower from time to time, in a Dollar Amount not to exceed such Lender's Revolving Loan Pro Rata Share of Revolving Credit Availability at such time (each individually, a "Revolving Loan" and, collectively, the "Revolving Loans"); provided, however, at no time shall the Revolving Credit Obligations exceed the Dollar Amount of the Aggregate Revolving Loan Commitment. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Revolving Loans at any time prior to the Termination Date. Revolving Loans made after the third (3rd) Business Day after the Closing Date shall be, at the option of the Borrower, selected in accordance with Section 2.9, as either Floating Rate Loans or Eurocurrency Rate Loans. On the Termination Date, the Borrower shall repay in full the outstanding principal balance of the Revolving Loans. Each Advance under this Section 2.2 shall consist of Revolving Loans made by each Lender ratably in proportion to such Lender's respective Revolving Loan Pro Rata Share.
Amount of Revolving Loans. All Revolving Loans shall be made by the Lenders simultaneously in proportion to their respective Revolving Loan Commitments, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender's obligation to make a Revolving Loan hereunder nor shall any Revolving Loan Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender's obligation to make a Revolving Loan hereunder.
Amount of Revolving Loans. Upon the satisfaction of the conditions precedent set forth in Sections 5.1, 5.2 and 5.3, as applicable, from and including the Closing Date and prior to the Termination Date, each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make revolving loans to the Borrowers from time to time, in Dollars, in an amount not to exceed such Lender's Pro Rata Share of Revolving Credit Availability at such time (each individually, a
Amount of Revolving Loans. Current Debtor, Lenders and Assumptor agree that as of the date hereof, (i) the Revolving Loan Commitment is $9,000,000, (ii) the unpaid amount owing to Lenders under the Credit Documents is $5,417,725.88 of principal, plus accrued but unpaid interest thereon, fees, costs, expenses and other amounts chargeable under the Credit Documents and (iii) the Obligations are duly and validly existing and enforceable obligations of Current Debtor which are due and payable in accordance with the terms of the Credit Documents, and upon assumption by Assumptor pursuant hereto, are also duly and validly existing and enforceable obligations of Assumptor payable in accordance with the terms of the Credit Documents (as modified hereby) and are not subject to any defense, setoff, offset, recoupment, reduction or counterclaim of any kind or nature by or on behalf of Current Debtor or Assumptor.
Amount of Revolving Loans. Upon the satisfaction of the conditions precedent set forth in Sections 5.1, 5.2 and 5.3, as applicable, from and including the Closing Date and prior to the Termination Date, each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make revolving loans to SDM from time to time, in any Agreed Currency, in a Dollar Amount not to exceed such Lender's Revolving Loan Pro Rata Share of Revolving Credit Availability at such time (each individually, a "REVOLVING LOAN" and, collectively, the "REVOLVING LOANS"); provided, however, at no time shall the Revolving Credit Obligations exceed the Dollar
Amount of Revolving Loans. Subject to the terms and conditions hereof, Lender agrees to make available to Borrower a line of credit pursuant to which Lender will make loans to Borrower on a revolving loan basis (the "Revolving Loans") from time to time during the term of this Agreement in an aggregate principal amount at any one time outstanding not to exceed $7,500,000 (the "Revolving Line of Credit"); provided, that on the date of the making of any Revolving Loans, and after giving effect to the making of such Revolving Loans, the aggregate outstanding principal amount of Revolving Loans on such date) shall not exceed the Revolving Credit Limit on such date. During the term of this Agreement, Borrower may use the Revolving Line of Credit by requesting Lender to make Revolving Loans, repaying Revolving Loans and reborrowing, all in accordance with and subject to the terms and conditions hereof. The Revolving Loans shall be payable (i) on January 22, 1999, or (ii) at such other time as is provided in Article 4 or 11 hereof or elsewhere in this Agreement, whichever of (i) or (ii) shall first occur (the "Revolving Credit Termination Date").
Amount of Revolving Loans. So long as no Event of Default has occurred and is continuing, subject to the terms and conditions hereof, Lender agrees to make available to Borrower a line of credit pursuant to which Lender will make loans to Borrower on a revolving loan basis (the "Revolving Loans") from time to time on any Banking Day during the period from the Closing Date until the Final Maturity Date in an aggregate principal amount at any one time outstanding not to exceed $5,000,000 (the "Revolving Line of Credit"). Each borrowing under the Revolving Line of Credit shall be in a minimum amount of $250,000 or a whole multiple of $50,000 in excess thereof. During the term of this Agreement, Borrower may use the Revolving Line of Credit by requesting Lender to make Revolving Loans, repaying Revolving Loans and reborrowing, all in accordance with and subject to the terms and conditions hereof. Borrower shall repay to Lender on the Final Maturity Date the aggregate outstanding principal amount of the Revolving Loans then outstanding.
Amount of Revolving Loans. During the period from the Closing Date until the termination of this Agreement pursuant to Section 11, and subject to the other terms and conditions of this Agreement, each Lender, severally and not jointly, will make revolving loans ("Revolving Loans") to Borrowers, which Revolving Loans may be lent and relent from time to time, in an amount, as of any date, not exceeding the Lender's Percentage Share of the Revolving Loan Availability then in effect. Whether a Lender will exceed its Percentage Share of the Revolving Loan Availability with respect to a particular advance of Revolving Loans requested by Borrowers will be determined after giving effect to all Revolving Loans requested as if each Lender had funded its respective Revolving Loan in accordance with the terms of this Agreement. Subject to the terms of Section 15.1.1(i), Agent, in its discretion, may elect, on behalf of Lenders, to exceed the limits of the Borrowing Base (and thereby increase the Revolving Loan Availability) on one or more occasions (an "Overadvance"), but if it does so, neither Agent nor any of Lenders will be deemed thereby to have changed the limits of the Revolving Loan Availability or to be obligated to make Overadvances on any other occasion.
