Amounts and Availment Options Sample Clauses

Amounts and Availment Options. 2.1.1 Subject to the terms and conditions of this Agreement, the Lenders agree to continue to provide, severally (not jointly and not jointly and severally), the credit facility referred to as the Credit for the use of the Borrowers in the initial aggregate amount of up to $750,000,000 (or the Equivalent Amount in US Dollars, Euros, Swiss Francs, Sterling or, subject to Section 2.1.3(e), an Optional Currency) as such amount may be increased pursuant to Section 2.2 hereof. Each Lender’s obligation shall be limited to its respective Applicable Percentage of the Credit. The Credit consists of a tranche that is referred to as the “Main Tranche” initially of up to $720,000,000 (or the Equivalent Amount in US Dollars, Euros, Swiss Francs, Sterling or, subject to Section 2.1.3(e), an Optional Currency), and a tranche that is referred to as the “Overdraft Tranche”, of up to $30,000,000 (or the Equivalent Amount in US Dollars). Subject to Section 5.1.2, Advances under the Main Tranche shall be made by the Lenders and Advances under the Overdraft Tranche shall be made by the Overdraft Lender. The obligations of the Borrowers hereunder shall be joint and several.
Sample 1
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Amounts and Availment Options. (1) Subject to the terms and conditions of this Agreement, the Revolving Lenders shall provide, severally (not jointly and not jointly and severally), a credit facility referred to as the Revolving Credit for the use of the Borrower in the aggregate amount of up to US $55,000,000 or the Equivalent Amount in Canadian Dollars. Each Revolving Lender's obligation in respect of the Revolving Credit shall be limited to its respective Applicable Percentage of the Revolving Credit.
Sample 1
Amounts and Availment Options. (1) Upon and subject to the terms and conditions of this Agreement, the Revolving Lenders severally (not jointly and not jointly and severally) agree to provide to the Borrowers a credit facility referred to as the Revolving Credit for the use of the Borrowers in the aggregate amount of up to $150,000,000 (provided that each Revolving Lender’s obligation hereunder shall be limited to its respective Applicable Percentage of the Revolving Credit).
Sample 1
Amounts and Availment Options. 2.1.1 Subject to the terms and conditions of this Agreement, the Lenders hereby establish, severally (not jointly and not jointly and severally), (i) a term credit facility for the use of the Borrower in the aggregate amount of up to $2,000,000,000 or the equivalent thereof in US Dollars (“Credit 1”), (ii) a term credit facility for the use of the Borrower in the aggregate amount of up to $2,000,000,000 or the equivalent thereof in US Dollars (“Credit 2”), and (iii) a term credit facility for the use of the Borrower in the aggregate amount of up to $2,000,000,000 or the equivalent thereof in US Dollars (“Credit 3”). Each Lender’s obligation is limited to its respective Applicable Percentage of the applicable Credit.
Sample 1
Amounts and Availment Options. 2.1.1 Subject to the terms and conditions of this Agreement, the Lenders hereby establish, severally (not jointly and not jointly and severally), (i) a credit facility for the use of the Borrower in the aggregate amount of up to $3,000,000,000 or the equivalent thereof in US Dollars (“Credit 1”), and (ii) a credit facility for the use of the Borrower in the aggregate amount of up to $1,000,000,000 or the equivalent thereof in US Dollars (“Credit 2”). Each Lender’s obligation is limited to its respective Applicable Percentage of the applicable Credit.
Sample 1
Amounts and Availment Options. (1) Upon and subject to the terms and conditions of this Agreement, the Lenders severally agree to provide to:
Sample 1
Amounts and Availment Options. (1) Subject to the terms and conditions of this Agreement, the Revolving Lenders shall provide, severally (not jointly and not jointly and severally), a credit facility referred to as the Revolving Credit for the use of the Borrower in the aggregate amount of up to US $10,000,000 or the Equivalent Amount in Canadian Dollars. Each Revolving Lender's obligation shall be limited to its respective Applicable Percentage of the Revolving Credit. The Revolving Credit consists of a tranche referred to as the "Main Tranche" of up to US $8,000,000 and a tranche referred to as the "Swing Line Tranche" of up to US $2,000,000 except that, while BNS is the only Lender, the entire amount of the Revolving Credit may be borrowed under the Main Tranche and/or the Swing Line Tranche from time to time and the principal amount available under either tranche at any time (including amounts then outstanding under that tranche) shall be US $10,000,000 less the principal amount then outstanding under the other tranche. Subject to Section 9.1, Advances under the Main Tranche shall be made by the Revolving Lenders and Advances under the Swing Line Tranche shall be made by the Swing Line Lender.
Sample 1
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Related to Amounts and Availment Options

  • Lenders to make available Contributions Subject to the provisions of this Agreement, each Lender shall, on and with value on each Drawdown Date, make available to the Agent for the account of the Borrower the amount due from that Lender on that Drawdown Date under Clause 2.2.

  • Reallocation of Applicable Revolving Percentages to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. Subject to Section 11.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  • Pro Rata Shares Availability of Funds (a) All Loans shall be made by Lenders simultaneously and proportionately to their respective Pro Rata Shares, 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 Loan requested hereunder nor shall the 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 Loan requested hereunder.

  • Reallocation of Pro Rata Shares to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swing Line Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Pro Rata Shares (calculated without regard to such Defaulting Lender’s Revolving Commitment) but only to the extent that (x) the conditions set forth in Section 5.02 are satisfied at the time of such reallocation (and, unless the Company shall have otherwise notified the Administrative Agent at such time, the Company shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  • Reallocation of Applicable Percentages to Reduce Fronting Exposure During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Applicable Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of that Defaulting Lender; provided, that, (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Committed Loans of that Lender.

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