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 in Dollars and Offshore Currencies to the Borrowers (each such loan, a "Committed Loan") from time to -------------- time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such Bank's name in Schedule 2.1 under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 or as a result of one or more assignments ----------- pursuant to Section 10.8, the Bank's "Commitment"); provided, however, that, ------------ after giving effect to any Borrowing of Committed Loans, the aggregate principal Dollar Equivalent amount of the Outstanding Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations of all Banks shall not exceed the combined Commitments; provided further, that in no event shall the aggregate principal of all Outstanding Obligations of APW-NA exceed the APW-NA Sublimit. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1, prepay pursuant to Section 2.9 and reborrow pursuant to this ----------- ----------- Section 2.1. -----------

Appears in 1 contract

Samples: Credit Agreement (Apw LTD)

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Amounts and Terms of Commitments. Each Bank severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans in Dollars and Offshore Currencies to the Borrowers (each such loan, a "Committed Loan") from time to -------------- time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such the Bank's name in Schedule 2.1 under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 or as a result of one or more assignments ----------- pursuant to Section 10.8, the Bank's "Commitment"); provided, however, that, ------------ after giving effect to any Borrowing of Committed Loans, the aggregate principal Dollar Equivalent amount of the Outstanding Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations of all Banks outstanding Loans shall not exceed the combined Commitments; provided provided, further, that in no event shall the aggregate principal Dollar Equivalent of all Outstanding Obligations outstanding Committed Loans of APW-NA APSA exceed the APW-NA Sublimitlesser of (x) $40,000,000 and (y) the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1, prepay pursuant to Section 2.9 and reborrow pursuant to this ----------- ----------- Section 2.1. -----------.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Applied Power Inc)

Amounts and Terms of Commitments. Each Bank severally agrees, on -------------------------------- the -------------------------------- terms and conditions set forth herein, to make loans in Dollars Dollars, Offshore Currencies and Offshore Agreed Alternative Currencies to the Borrowers (each such loan, a "Committed Loan") from time to -------------- time on any Business Day during the period -------------- from the Closing Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such Bank's name in Schedule 2.1 under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 or as a result of one or more assignments ----------- pursuant to Section 10.811.8, the Bank's "Commitment"); ---------- provided, however, that, ------------ after giving effect to any Borrowing of Committed -------- ------- Loans, the aggregate principal Dollar Equivalent amount of the Outstanding all outstanding Loans plus Loan Note Guaranty Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations of all Banks shall not exceed the combined Commitments; provided further, that in no event shall the aggregate principal Dollar Equivalent of all Outstanding Obligations outstanding Committed Loans of APW-NA the Subsidiary Borrower exceed the APW-NA Sublimitlesser of (x) $200,000,000 and (y) the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1, prepay pursuant to Section 2.9 and reborrow pursuant to this ----------- ----------- Section 2.1. -----------.

Appears in 1 contract

Samples: Credit Agreement (Applied Power Inc)

Amounts and Terms of Commitments. Each Bank severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans in Dollars and Offshore Currencies to the Borrowers Borrower (each such loan, a "Committed Loan") from time to -------------- time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such Bank's name in Schedule 2.1 under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 or as a result of one or more assignments ----------- pursuant to Section 10.8, the Bank's "Commitment"); provided, however, that, ------------ after giving effect to any Borrowing of Committed Loans, the aggregate principal Dollar Equivalent amount of the Outstanding Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations of all Banks shall not exceed the combined Commitments; provided further, that in no event shall the aggregate principal of all Outstanding Obligations of APW-NA exceed the APW-NA Sublimit. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.1, prepay pursuant to Section 2.9 and reborrow ----------- ----------- pursuant to this ----------- ----------- Section 2.1. -----------

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Apw LTD)

Amounts and Terms of Commitments. (a) Each Bank severally agrees, on -------------------------------- the terms and conditions set forth herein, to maintain the Existing Loans during the period from the Closing Date to the earlier to occur of the Revolver Date or the Termination Date. The Borrower acknowledges that the principal amount of the Existing Loans is $46,400,000. (b) Each Bank severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans in Dollars and Offshore Currencies to the Borrowers (each such loan, a "Committed Loan") Borrower from time to -------------- time on any Business Day during the period from the Closing Revolver Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such Bank's name in on Schedule 2.1 under the heading "Commitment" (such amount as the same may be reduced under Sections 2.5 ------------ reduced pursuant to Section 2.8 ------------ or 2.6, or as a result of one or more assignments ----------- pursuant to under Section 10.812.8, the Bank's --- ------------ "Commitment"); provided, however, that, ------------ after giving effect to any Borrowing of Committed Loans, (i) ---------- -------- ------- the aggregate principal Dollar Equivalent amount of the Outstanding Obligations held by each Bank all outstanding Loans shall not exceed such Bank's Commitment and $46,400,000, (ii) the Outstanding Obligations aggregate principal amount of all Banks outstanding Loans plus the aggregate amount of all L/C Obligations shall not at any time exceed the combined Commitments; provided further, that in no event shall the aggregate principal Commitments of all Outstanding Obligations of APW-NA exceed the APW-NA SublimitBanks. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.1, prepay pursuant to under Section 2.9 2.6 and reborrow pursuant to under this Section ----------- ----------- Section ------- 2.1. --------------

Appears in 1 contract

Samples: Secured Credit Agreement (System Software Associates Inc)

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Amounts and Terms of Commitments. Each Bank severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans in Dollars and Offshore Currencies to the Borrowers (each such loan, a "Committed 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 principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such the Bank's name in Schedule 2.1 2.1(b) under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 2.6 or as a result of one or more assignments ----------- pursuant to Section 10.811.8, the Bank's "Commitment"); provided, however, that, ------------ after giving effect to any Borrowing of Committed Revolving Loans, the aggregate principal Dollar Equivalent amount of the Outstanding Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations of all Banks outstanding Revolving Loans shall not exceed the combined Commitments; and provided furtherfurther that, that in no event shall after giving effect to any Borrowing of Offshore Currency Loans, the aggregate principal Dollar Equivalent amount of all Outstanding Obligations of APW-NA outstanding Offshore Currency Loans shall not exceed the APW-NA Offshore Currency Loan Sublimit. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1subsection 2.1(b), prepay pursuant to Section 2.9 2.6 and reborrow pursuant to this ----------- ----------- Section 2.1. -----------subsection 2.1(b).

Appears in 1 contract

Samples: Credit Agreement (Schawk Inc)

Amounts and Terms of Commitments. Each Bank severally agrees, on the -------------------------------- terms and conditions hereinafter set forth hereinforth, to make loans in Dollars and Offshore Currencies Committed Loans to the Borrowers (each such loan, a "Committed 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 principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such the Bank's name in Schedule 2.1 under on the heading "Commitment" signature pages of this Agreement (such amount as the same may be ------------ reduced pursuant to Section 2.8 2.08 or as a result of one or more assignments ----------- pursuant to Section 10.810.08, the Bank's "CommitmentREVOLVING COMMITMENT"); providedPROVIDED, howeverHOWEVER, that, ------------ after giving effect to any Borrowing of Committed LoansBorrowing, the aggregate principal Dollar Equivalent amount of all outstanding Committed Loans plus the Outstanding Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations aggregate principal amount of all Banks Bid Loans outstanding shall not exceed the combined Commitments; provided further, that in no event shall the aggregate principal of all Outstanding Obligations of APW-NA exceed the APW-NA SublimitAggregate Revolving Commitment. Within the limits of each Bank's Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers Company may borrow under this Section 2.1subsection 2.01, prepay pursuant to Section 2.9 2.09 and reborrow pursuant to this ----------- ----------- Section 2.1. -----------subsection 2.01.

Appears in 1 contract

Samples: Credit Agreement (Ross Stores Inc)

Amounts and Terms of Commitments. Each Bank severally agrees, on the -------------------------------- terms and conditions set forth herein, to make loans in Dollars and Offshore Currencies to the Borrowers (each such loan, a "Committed Loan") from time to -------------- time on any Business Day during the period from the Closing Date to the Termination Date, in an aggregate principal Dollar Equivalent amount not to exceed at any time outstanding the amount set forth opposite such the Bank's name in Schedule 2.1 under the heading "Commitment" (such amount as the same may be ------------ reduced pursuant to Section 2.8 or as a result of one or more assignments ----------- pursuant to Section 10.8, the Bank's "Commitment"); provided, however, that, ------------ after giving effect to any Borrowing of Committed Loans, the aggregate principal Dollar Equivalent amount of the Outstanding Obligations held by each Bank shall not exceed such Bank's Commitment and the Outstanding Obligations of all Banks outstanding Loans shall not exceed the combined Commitments; provided provided, further, that in no event shall the aggregate principal Dollar Equivalent of all Outstanding Obligations outstanding Committed Loans of APW-NA APSA exceed the APW-NA Sublimitlesser of (x) $80,000,000 and (y) the combined Commitments. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1, prepay pursuant to Section 2.9 and reborrow pursuant to this ----------- ----------- Section 2.1. -----------.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Applied Power Inc)

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