Common use of AMOUNT OF THE REVOLVING LOAN FACILITY Clause in Contracts

AMOUNT OF THE REVOLVING LOAN FACILITY. The aggregate outstanding principal amount of the Revolving Loans plus the LC Obligations outstanding from time to time plus the Swing Line Exposure shall not exceed the Total Revolving Loan Commitments in effect at the time. No Bank shall be obligated to make any Revolving Loans or issue any letter of credit if, after giving effect to such Revolving Loan or LC Obligations, (a) such Bank’s Pro rata share of all Revolving Loans, Swing Loans and LC Obligations then outstanding would exceed such Bank’s Commitment or (b) the aggregate amount of all Revolving Loans, Swing Loans and LC Obligations then outstanding plus the Permitted Non-Affiliate Loan Reserve would exceed the Total Revolving Loan Commitments in effect at the time.

Appears in 2 contracts

Samples: Credit Agreement (Forest City Enterprises Inc), Credit Agreement (Forest City Enterprises Inc)

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AMOUNT OF THE REVOLVING LOAN FACILITY. The aggregate outstanding principal amount of the Revolving Loans plus the LC Obligations outstanding from time to time plus the Swing Line Exposure shall not exceed the Total Revolving Loan Commitments in effect at the time. No Bank shall be obligated to make any Revolving Loans, Swing Loans or issue any letter of credit if, after giving effect to such Revolving Loan Loans, Swing Loans or LC Obligations, (a) such Bank’s Pro rata share of all Revolving Loans, Swing Loans and LC Obligations then outstanding would exceed such Bank’s Commitment or (b) the aggregate amount of all Revolving Loans, Swing Loans and LC Obligations then outstanding plus the Permitted Non-Affiliate Loan Reserve would exceed the Total Revolving Loan Commitments in effect at the time.

Appears in 2 contracts

Samples: Credit Agreement (Forest City Enterprises Inc), Credit Agreement (Forest City Enterprises Inc)

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AMOUNT OF THE REVOLVING LOAN FACILITY. The aggregate outstanding principal amount of the Revolving Loans plus the LC Obligations outstanding from time to time plus the Swing Line Exposure shall not exceed the Total Revolving Loan Commitments in effect at the time. No Notwithstanding anything to the contrary in this Agreement, no Bank shall be obligated to make any Revolving Loans or issue any letter of credit if, after giving effect to such Revolving Loan Loans or LC Obligations, (a) such Bank’s 's Pro rata share of all Revolving Loans, Swing Loans and LC Obligations then outstanding would exceed such Bank’s 's Commitment or (b) the aggregate amount of all Revolving Loans, Swing Loans and LC Obligations then outstanding plus the Permitted Non-Affiliate Loan Reserve would exceed the Total Revolving Loan Commitments in effect at the time.

Appears in 1 contract

Samples: Credit Agreement (Forest City Enterprises Inc)

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