Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make revolving loans to the Borrower (each such loan, a "Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 attached hereto (such amount as the same may be reduced under Section 2.5 or as a result of one or more assignments under Section 10.8, the Bank's "Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"); provided, however, that, after giving effect to any Borrowing, (a) the aggregate principal amount of all outstanding Loans shall not at any time exceed the Combined Commitments and (b) the aggregate principal amount of all outstanding Working Capital Loans shall not at any time exceed $2,000,000. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1, prepay under Section 2.6 and reborrow under this Section 2.1.
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Samples: Credit Agreement (Gentle Dental Service Corp), Credit Agreement (Gentle Dental Service Corp)
Amounts and Terms of Commitments. Each Bank Lender severally agrees, on the terms and conditions set forth herein, to make revolving loans Committed Loans to the Borrower (each such loan, a "Loan") Company from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 attached hereto (such amount amount, as the same may be reduced under Section 2.5 2.8 or as a result of one or more assignments under Section 10.8, the Banksuch Lender's "Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"); provided, however, that, after giving effect to any Borrowing, (a) that the aggregate principal amount of all outstanding Loans Total Outstandings shall not at any time exceed the Combined Commitments combined Commitments; and (b) provided, further, that the aggregate Dollar Equivalent principal amount of all outstanding Working Capital Loans (whether Committed Loans or Bid Loans) of any Lender plus such Lender's participation interest in all Swing Line Loans and BA Outstandings shall not at any time exceed $2,000,000such Lender's Commitment. Within the limits of each Bank's Commitmentforegoing limits, and subject to the other terms and conditions hereof, the Borrower Company may borrow under this Section 2.1, prepay under Section 2.6 2.9 and reborrow under this Section 2.1.
Appears in 2 contracts
Samples: Credit Agreement (Truserv Corp), Credit Agreement (Truserv Corp)
Amounts and Terms of Commitments. Each Bank Lender severally agrees, on the terms and conditions set forth herein, to make revolving loans Loans to the Borrower Company (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the lesser of the following: (i) the amount set forth on Schedule 2.1 attached hereto 2.01 (such amount amount, as the same may be reduced under Section 2.5 2.05 or as a result of one or more assignments under Section 10.811.07, the BankLender's "Commitment" ") and all such Commitments, referred to herein, collectively, as (ii) the "Combined Commitments")Lender's Pro Rata Share of the current Borrowing Base; provided, however, that, after giving effect to any BorrowingBorrowing of Revolving Loans, (a) the aggregate principal amount Effective Amount of all outstanding Loans Revolving Loans, together with the Effective Amount of all L/C Obligations, shall not at any time exceed the Combined combined Commitments and (b) the aggregate principal amount of all outstanding Working Capital Loans shall not at any time exceed $2,000,000of the Lenders. Within the limits of each BankLender's Commitment, and subject to the other terms and conditions hereofof this Agreement, the Borrower Company may borrow under this Section 2.12.01, prepay under Section 2.6 2.06 and reborrow under this Section 2.12.01.
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Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make revolving loans to the Borrower Borrowers (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding outstanding, together with the Bank's Pro Rata Share of the L/C Facility Commitment, the amount set forth on Schedule 2.1 attached hereto (such amount as the same may be reduced under Section 2.5 or as a result of one or more assignments under Section 10.8, the Bank's "Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"); provided, however, that, after giving effect to any BorrowingBorrowing of Revolving Loans, (a) the aggregate principal amount of all outstanding Loans Revolving Loans, together with the L/C Facility Commitment, shall not at any time exceed the Combined Commitments and (b) the aggregate principal amount of all outstanding Working Capital Loans shall not at any time exceed $2,000,000combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrower Borrowers may borrow under this Section subsection 2.1, prepay under Section 2.6 and reborrow under this Section subsection 2.1.
Appears in 1 contract
Samples: Credit Agreement (Specialty Equipment Companies Inc)
Amounts and Terms of Commitments. (a) The Revolving Credit. Each Bank Lender severally agrees, on the terms and conditions set forth herein, to make revolving loans to the Borrower (each such loan, a "Revolving Loan"; collectively, the "Revolving Loans") from time to time on any Business Day during the period from the Closing Date to the Revolving Commitment Termination Date, Date in an aggregate amount not to exceed at any time outstanding the amount set forth specified for such Lender on Schedule 2.1 attached hereto 2.01 (such amount amount, as the same may be reduced under Section 2.5 2.06, or as a result of one or more assignments under Section 10.811.08, the Banksuch Lender's "Revolving Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"); provided, however, that, after giving effect to any BorrowingBorrowing of Revolving Loans, (a) the aggregate principal amount of all outstanding Revolving Loans plus all outstanding Swing Line Loans plus all outstanding Special Facility Obligations shall not at any time exceed the Combined Commitments and (b) the aggregate principal amount of all outstanding Working Capital Loans shall not at any time exceed $2,000,000combined Revolving Commitments. Within the limits of each BankLender's Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.12.01(a), prepay under Section 2.6 2.07 and reborrow from time to time under this Section 2.12.01(a).
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Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make revolving loans in Dollars and Offshore Currencies to the Borrower (each such loan, a "Committed Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth on opposite such Bank's name in Schedule 2.1 attached hereto under the heading "Commitment" (such amount as the same may be reduced under pursuant to Section 2.5 2.8 or as a result of one or more assignments under pursuant to Section 10.8, the Bank's "Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"); provided, however, that, after giving effect to any BorrowingBorrowing of Committed Loans, (a) the aggregate principal Dollar Equivalent amount of all outstanding Loans the Outstanding Obligations held by each Bank shall not at any time exceed such Bank's Commitment and the Outstanding Obligations of all Banks shall not exceed the Combined Commitments and (b) the aggregate principal amount of all outstanding Working Capital Loans shall not at any time exceed $2,000,000combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1, prepay under pursuant to Section 2.6 2.9 and reborrow under pursuant to this Section 2.1.
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Amounts and Terms of Commitments. Each Bank Lender severally agrees, on the terms and conditions set forth herein, to make revolving loans Committed Loans to the Borrower (each such loan, a "Loan") Company from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 attached hereto (such amount amount, as the same may be reduced under Section 2.5 2.4 or as a result of one or more assignments under Section 10.8, the Banksuch Lender's "Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"); provided, however, thatthat the Total Outstandings shall not at any time exceed the lesser of (i) combined Commitments minus the Unusable Amount or (ii) the Borrowing Base; and provided, after giving effect to any Borrowingfurther, (a) that the aggregate principal amount of all outstanding Loans of any Lender plus such Lender's participation interest in all Swing Line Loans shall not at any time exceed the Combined Commitments and lesser of (bi) such Lender's Commitment minus its Pro Rata Share of the aggregate principal amount Unusable Amount or (ii) such Lender's Pro Rata Share of all outstanding Working Capital Loans shall not at any time exceed $2,000,000the Borrowing Base. Within the limits of each Bank's Commitmentforegoing limits, and subject to the other terms and conditions hereof, the Borrower Company may borrow under this Section 2.1, prepay under Section 2.6 2.5 and reborrow under this Section 2.1. All Loans and payments with respect thereto shall be in Dollars.
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Samples: Credit Agreement (Truserv Corp)
Amounts and Terms of Commitments. Each Bank Lender severally agrees, on the terms and conditions set forth herein, to make revolving loans Committed Loans to the Borrower (each such loan, a "Loan") Company from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 attached hereto (such amount amount, as the same may be reduced under Section 2.5 2.8 or as a result of one or more assignments under Section 10.8, the Banksuch Lender's "Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"); provided, however, that, after giving effect to any Borrowing, (a) that the aggregate Dollar Equivalent principal amount of all outstanding Loans (whether Committed Loans or Bid Loans) shall not at any time exceed the Combined Commitments combined Commitments; and (b) provided, further, that the aggregate Dollar Equivalent principal amount of all outstanding Working Capital Loans (whether Committed Loans or Bid Loans) of any Lender shall not at any time exceed $2,000,000such Lender's Commitment. Within the limits of each BankLender's Commitment, and subject to the other terms and conditions hereof, the Borrower Company may borrow under this Section 2.1, prepay under Section 2.6 2.9 and reborrow under this Section 2.1.
Appears in 1 contract
Samples: Credit Agreement (Cotter & Co)
Amounts and Terms of Commitments. Each Bank Lender severally agrees, on the terms and conditions set forth herein, to make revolving loans to the Borrower Company (each such loan, a "Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 attached hereto (such amount amount, as the same may be reduced under Section 2.5 or revised as a result of one or more assignments under Section 10.8, the Banksuch Lender's "Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"); provided, however, that, after giving effect to any Borrowing, (a) that the aggregate principal amount of all outstanding Loans shall not at any time exceed the Combined Commitments combined Commitments; and (b) provided, further, that the aggregate principal amount of all outstanding Working Capital the Loans of any Lender shall not at any time exceed $2,000,000such Lender's Commitment. Within the limits of each BankLender's Commitment, and subject to the other terms and conditions hereof, the Borrower Company may borrow under this Section 2.1, prepay under Section 2.6 and reborrow under this Section 2.1.
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Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make revolving loans to the Borrower Company (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Bank's name on Schedule 2.1 attached hereto 2.01 under the heading "Commitment" (such amount as the same may be reduced under Section 2.5 2.08 or reduced or increased as a result of one or more assignments under Section 10.810.08, the such Bank's "Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"); provided, however, that, after giving effect to any BorrowingCommitted Borrowing of Revolving Loans, (a) the aggregate principal amount of all outstanding Committed Loans plus the aggregate principal amount of all outstanding Bid Loans, shall not at any time exceed the Combined Commitments and (b) the aggregate principal amount of all outstanding Working Capital Loans shall not at any time exceed $2,000,000Aggregate Commitment. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrower Company may borrow under this Section 2.12.01, prepay under Section 2.6 2.09 and reborrow under this Section 2.12.01.
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Amounts and Terms of Commitments. Each Bank Lender severally agrees, on the terms and conditions set forth herein, to make revolving loans Committed Loans to the Borrower (each such loan, a "Loan") Company from time to time on any Business Day during the period from the Closing Effective Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding up to the amount set forth on Schedule 2.1 attached hereto (such amount amount, as the same may be reduced under pursuant to Section 2.5 2.7, or as a result of changed by one or more assignments under Section 10.8, the Banksuch Lender's "Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"); provided, however, provided that, after giving effect to any Committed Borrowing, (a) the Combined Outstandings shall not exceed the Combined Commitments; and provided, further, that the aggregate principal amount of the Committed Loans of any Lender plus the participation of such Lender in the principal amount of all outstanding Swing Line Loans shall not at any time exceed the Combined Commitments and (b) the aggregate principal amount of all outstanding Working Capital Loans shall not at any time exceed $2,000,000such Lender's Commitment. Within the limits of each BankLender's Commitment, and subject to the other terms and conditions hereof, the Borrower Company may borrow under this Section 2.1, prepay under Section 2.6 2.8 and reborrow under this Section 2.1.
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Amounts and Terms of Commitments. Each Bank Lender severally agrees, on the terms and conditions set forth herein, to make revolving loans Loans to the Borrower Company (each such loan, a "LoanREVOLVING LOAN") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the lesser of the following: (i) the amount set forth on Schedule 2.1 attached hereto SCHEDULE 2.01 (such amount amount, as the same may be reduced under Section 2.5 SECTION 2.05 or as a result of one or more assignments under Section 10.8SECTION 11.07, the BankLender's "Commitment" COMMITMENT") and all such Commitments, referred to herein, collectively, as (ii) the "Combined Commitments")Lender's Pro Rata Share of the current Borrowing Base; provided, however, that, after giving effect to any BorrowingBorrowing of Revolving Loans, (a) the aggregate principal amount Effective Amount of all outstanding Loans Revolving Loans, together with the Effective Amount of all L/C Obligations, shall not at any time exceed the Combined combined Commitments and (b) the aggregate principal amount of all outstanding Working Capital Loans shall not at any time exceed $2,000,000of the Lenders. Within the limits of each BankLender's Commitment, and subject to the other terms and conditions hereofof this Agreement, the Borrower Company may borrow under this Section 2.1SECTION 2.01, prepay under Section 2.6 SECTION 2.06 and reborrow under this Section 2.1SECTION 2.01.
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Amounts and Terms of Commitments. Each Bank Lender severally agreesagrees (and not jointly or jointly and severally), on the terms and conditions set forth herein, to make revolving loans Loans to the Borrower (each such loan, a "Loan") from time to time on any Business Day during the period from the Closing Effective Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule 2.1 attached hereto (such amount amount, as the same may be reduced under pursuant to Section 2.5 or as a result of changed by one or more assignments under Section 10.8, the Bank's "such Lender’s “Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"”); provided, however, that, after giving effect to any Borrowing, (a) the Total Outstandings shall not exceed the Aggregate Commitment; and provided, further, that the aggregate principal amount of all outstanding the Loans of any Lender shall not at any time exceed the Combined Commitments and (b) the aggregate principal amount of all outstanding Working Capital Loans shall not at any time exceed $2,000,000such Lender’s Commitment. Within the limits of each Bank's Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1, prepay under Section 2.6 2.6(a) and reborrow under this Section 2.1.
Appears in 1 contract
Samples: Bridge Credit Agreement (Lance Inc)
Amounts and Terms of Commitments. Each Bank severally agrees, on the terms and conditions set forth herein, to make revolving loans to the Borrower Company (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination DateDate and to participate in the L/C Obligations, in an aggregate principal amount not to exceed at any time outstanding the amount set forth on opposite the Bank's name with respect to such time in Schedule 2.1 attached hereto 2.01 under the heading "Commitment" (such amount as the same may be reduced under pursuant to Section 2.5 2.05 or as a result of one or more assignments under pursuant to Section 10.811.08, the Bank's "Commitment" and all such Commitments, referred to herein, collectively, as the "Combined Commitments"); provided, however, provided that, after giving effect to any BorrowingBorrowing of Revolving Loans, (ax) the aggregate principal amount of all outstanding Loans shall not Revolving Loans, and the amount of all L/C Obligations at any time shall not exceed the Combined combined Commitments as in effect at such time, and (by) the aggregate principal amount of all outstanding Working Capital Revolving Loans and the amount of all L/C Obligations in respect of Usance Letters of Credit shall not at any time exceed $2,000,00015,000,000. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrower Company may borrow under this Section 2.12.01, prepay under pursuant to Section 2.6 2.06 and reborrow under pursuant to this Section 2.12.01.
Appears in 1 contract
Samples: Credit Agreement (Gymboree Corp)
Amounts and Terms of Commitments. Each Bank Lender severally agrees, on the terms and conditions set forth herein, to make revolving loans Committed Loans to the Borrower (each such loan, a "Loan") Company from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding the amount set forth on Schedule SCHEDULE 2.1 attached hereto (such amount amount, as the same may be reduced under Section 2.5 SECTION 2.7 or as a result of one or more assignments under Section 10.8SECTION 11.8, the Banksuch Lender's "Commitment" and all such Commitments, referred to herein, collectively, as the "Combined CommitmentsCOMMITMENT"); provided, however, that, after giving effect to any Borrowing, (a) PROVIDED that the aggregate principal amount of all outstanding Loans Total Outstandings shall not at any time exceed the Combined Commitments Aggregate Commitment; and (b) PROVIDED, FURTHER, that the aggregate principal amount of the Committed Loans of any Lender PLUS the participation of such Lender in the Effective Amount of all outstanding Working Capital Loans L/C Obligations shall not at any time exceed $2,000,000the amount of such Lender's Commitment. Within the limits of each BankLender's Commitment, and subject to the other terms and conditions hereof, the Borrower Company may borrow under this Section SECTION 2.1, prepay under Section 2.6 SECTION 2.8 and reborrow under this Section SECTION 2.1.
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