Common use of Amounts and Terms of Commitments Clause in Contracts

Amounts and Terms of Commitments. Each Bank severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans to the 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 on Schedule 2.01 (such amount as the same may be reduced ------------- under Section 2.05 or as a result of one or more assignments under Section 11.08, the Bank's "Commitment"); provided, however, that, after giving effect to ---------- -------- ------- any Borrowing of Revolving Loans, the Effective Amount of all outstanding Revolving Loans and the Effective Amount of all L/C Obligations, shall not at any time exceed the combined Commitments; and provided further, that the --- -------- ------- Effective Amount of the Revolving Loans of any Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's Commitment. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this section 2.01, prepay under Section 2.06 and reborrow under this section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (West Marine Inc), Credit Agreement (West Marine Inc)

AutoNDA by SimpleDocs

Amounts and Terms of Commitments. (a) The Acquisition Credit. ---------------------- Each Bank severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans to the Company (each such loan, a an "Acquisition Revolving --------------------- Loan") from time to time on any -------------- Business Day during the period from the Closing Date to the ---- Revolving Termination Date, Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Bank's name under the heading "Acquisition Revolving Commitment" on Schedule 2.01 2.1 (such amount as the same may be reduced ------------- under Section 2.05 or as a result of one or more assignments under Section 11.08, the Bank's "Acquisition Revolving Commitment"); ------------ -------------------------------- provided, however, that, after giving effect to ---------- -------- ------- any Borrowing of Acquisition Revolving -------- ------- Loans, the Effective Amount of all outstanding Acquisition Revolving Loans and the Effective Amount of all L/C Obligations, shall not at any time exceed the combined aggregate Acquisition Revolving Commitments; and provided further, that the --- -------- ------- Effective Amount of the Revolving Loans of any Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's Commitment. Within the limits of each Bank's Acquisition Revolving Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this section 2.01subsection 2.1(a), prepay under Section 2.06 2.5 and reborrow under this section 2.01subsection 2.1(a).

Appears in 2 contracts

Samples: Credit Agreement (U S Timberlands Co Lp), Credit Agreement (U S Timberlands Finance Corp)

Amounts and Terms of Commitments. Each Bank Lender -------------------------------- severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans Committed Loans to the Company (each such loan, a "Revolving 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 2.01 2.1 (such amount ------------ amount, as the same may be reduced ------------- under pursuant to Section 2.05 2.7, increased ----------- pursuant to Section 2.17 or as a result of changed by one or more ------------ assignments under Section 11.0811.8, the Banksuch Lender's ------------ "Commitment"); provided, however, that, after giving effect to ---------- -------- ------- effect to any Borrowing of Revolving LoansCommitted Borrowing, the Effective Amount aggregate principal amount of all outstanding Revolving Loans and (whether Committed Loans or Bid Loans) plus the Effective Amount of all L/C Obligations, Obligations shall not at any time ---- exceed the combined Commitments; and provided provided, --- -------- further, that the --- -------- ------- Effective Amount aggregate principal amount of the Revolving Committed ------- Loans of any Bank Lender plus the participation of such Bank Lender in ---- the Effective Amount of all L/C Obligations shall not at any time exceed such BankLender's Commitment. Within the limits of each BankLender's Commitment, and subject to the other terms and conditions hereof, the Company may 22 30 borrow under this section 2.01Section 2.1, prepay under Section 2.06 2.8 ----------- ----------- and reborrow under this section 2.01.Section 2.1. -----------

Appears in 1 contract

Samples: Credit Agreement (Earthgrains Co /De/)

Amounts and Terms of Commitments. Each Bank severally agrees, on -------------------------------- the -------------------------------- terms and conditions set forth herein, to make loans to the 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 on Schedule -------- 2.01 (such amount amount, as the same may be reduced ------------- under Section Sections 2.05 or 2.07 or as ---- a result of one or more assignments under Section 11.08, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing of ---------- -------- ------- any Borrowing of Revolving Loans, the Effective Amount of all outstanding Revolving Loans Loans, and the Effective Amount of all L/C Obligations, shall not at any time exceed the combined Combined Commitments; and provided further, that the --- -------- ------- Effective Amount of the --- -------- ------- Revolving Loans of any Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's Commitment. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this section Section 2.01, prepay under Section 2.06 and reborrow under this section Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Cb Richard Ellis Services Inc)

Amounts and Terms of Commitments. Each Bank severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans to the 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 on Schedule -------- 2.01 (such amount amount, as the same may be reduced ------------- under Section Sections 2.05 or 2.07 or as ---- a result of one or more assignments under Section 11.08, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing of ---------- -------- ------- any Borrowing of Revolving Loans, the Effective Amount of all outstanding Revolving Loans Loans, and the Effective Amount of all L/C Obligations, shall not at any time exceed the combined Combined Commitments; and provided further, that the --- -------- ------- Effective Amount of the --- -------- ------- Revolving Loans of any Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's Commitment. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this section Section 2.01, prepay under Section 2.06 and reborrow under this section Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Cb Commercial Real Estate Services Group Inc)

AutoNDA by SimpleDocs

Amounts and Terms of Commitments. Each Bank Lender -------------------------------- severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans Committed Loans to the Company (each such loan, a "Revolving 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 2.01 2.1 (such amount ------------ amount, as the same may be reduced ------------- under pursuant to Section 2.05 2.7, increased pursuant to ----------- Section 2.17 or as a result of changed by one or more assignments under Section 11.08------------ ------- 11.8, the Banksuch Lender's "Commitment"); provided, however, that, after ---- ---------- -------- ------- giving effect to ---------- -------- ------- any Borrowing of Revolving LoansCommitted Borrowing, the Effective Amount of all outstanding Revolving Loans and the Effective Amount of all L/C Obligations, Total Outstandings shall not at any time exceed the combined Commitments; and provided provided, further, that the --- -------- ------- Effective Amount that the aggregate principal amount of the Revolving Committed Loans of any Bank Lender plus the participation of such Bank Lender in the principal ---- amount of all outstanding Swing Line Loans and in the Effective Amount of all L/C Obligations shall not at any time exceed such BankLender's Commitment. Within the limits of each BankLender's Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this section 2.01Section 2.1, prepay under ----------- Section 2.06 2.8 and reborrow under this section 2.01.Section 2.1. ----------- -----------

Appears in 1 contract

Samples: Credit Agreement (Earthgrains Co /De/)

Amounts and Terms of Commitments. Each Bank severally agrees, on -------------------------------- the -------------------------------- terms and conditions set forth herein, to make loans to the Company Borrowers (each such loan, a "Revolving 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 the Bank's name in Schedule 2.01 2.1 under the heading "Commitment" (such amount as the same may be reduced ------------- under pursuant to Section 2.05 2.8 or as a result of one or more assignments under pursuant to Section 11.0811.8, the Bank's "Commitment"); ---------- provided, however, that, after giving effect to ---------- -------- ------- any Borrowing of Revolving Committed -------- ------- Loans, the Effective Amount aggregate principal Dollar Equivalent amount of all outstanding Revolving Loans and the Effective Amount of all L/C Obligations, plus Loan Note Guaranty Obligations shall not at any time exceed the combined Commitments; and provided provided, further, that in no event shall the --- aggregate principal Dollar -------- ------- Effective Amount Equivalent of all outstanding Committed Loans of the Revolving Loans Subsidiary Borrower exceed the lesser of any Bank plus (x) $100,000,000 and (y) the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's Commitmentcombined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Company Borrowers may borrow under this section 2.01Section 2.1, prepay under pursuant to Section 2.06 2.9 and reborrow under pursuant to this section 2.01Section 2.1.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Applied Power Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!