Amounts and Terms of Credit Facility Sample Clauses

Amounts and Terms of Credit Facility. 2.1 Existing Loans; the New Tranche B Commitment. (a) Prior to the date hereof, the Existing Tranche A Loan was repaid in full. Subject to and upon the terms and conditions set forth herein, on the Closing Date, (i) the Existing Tranche B Loan shall be continued as a loan hereunder (the "Continued Tranche B Loan"), which shall mature on the Tranche B Maturity Date, and (ii) (A) each New Tranche B Lender shall make available to the Administrative Agent, in immediately available funds, an amount equal to the New Tranche B Commitment of such Lender and (B) the Administrative Agent shall transfer such amount to the Tranche B Escrow Account (from which such amount shall be released (x) to the Borrower on the Escrow Release Date, if the Escrow Release Date occurs, and upon such release such amount shall constitute term loans (collectively, the "New Tranche B Loan") made by each New Tranche B Lender to the Borrower in an amount equal to the amount of the New Tranche B Commitment of such Lender or (y) to the Administrative Agent, to be returned to each New Tranche B Lender ratably in accordance with the amounts made available by the New Tranche B Lenders to the Administrative Agent on the Closing Date, if the Bankruptcy Termination Event occurs, in which case no New Tranche B Loans shall be made). The New Tranche B Loans (A) shall be denominated in Dollars, (B) shall be incurred and maintained as Eurodollar Loans, except as otherwise specifically provided in Section 2.7(b) and (C) shall mature on the Tranche B Maturity Date. For the avoidance of doubt, the aggregate principal amount of the Continued Tranche B Loan and the New Tranche B Loan outstanding on the Escrow Release Date (after giving effect to the release of funds from the Tranche B Escrow Account on the Escrow Release Date, but without giving effect to any pay-in-kind interest pursuant to Section 2.5(g)) shall be $420,000,000 and $300,000,000, respectively. (b) If the Closing Date has not occurred on or prior to October 18, 2002, then, in such event, (i) except as set forth in clause (ii) below, the Lenders shall have no further obligations or liabilities under any of the Financing Documents and the Financing Documents shall have no further force or effect with respect to the Lenders, but the Borrower's obligation to pay the costs, fees and expenses as provided herein and to indemnify the other parties to the Financing Documents shall not be terminated, modified or diminished in any respect, and (ii) the...
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Amounts and Terms of Credit Facility 
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Related to Amounts and Terms of Credit Facility

  • Amount and Terms of the Credit Facility 2.1. The Commitments; Increase in Total Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that will not result in such Lender’s Exposure exceeding such Lender’s Commitment. During the Commitment Period the Borrower may use the Commitments by borrowing, prepaying the Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary in this Agreement, in no event may Loans be borrowed under this Section 2.1 if, after giving effect thereto, the aggregate principal amount (a) of the Total Exposures at such time would exceed the Total Commitments then in effect or (b) the Exposure of any Lender at such time would exceed such Lender’s Commitment. The Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.6. The respective obligations of the Lenders under this Agreement are several and not joint and no Lender shall be responsible for the failure of any other Lender to satisfy its obligations hereunder.

  • Amount and Terms of Credit 1.1 Credit Facilities

  • Amounts and Terms of the Advances and Letters of Credit Section 2.01 The Revolving Advances and Letters of Credit.

  • Amounts and Terms of Commitments Each Bank severally agrees, on the terms and conditions set forth herein, to make Loans to the Borrowers from time to time on any Business Day during the period from the Refinancing Date to the Commitment Termination Date equal to its Pro Rata Share of the aggregate amount of the Borrowing requested by a Borrower to be made on such day. The Commitment of each Bank and the outstanding principal amount of Loans made by each Bank hereunder shall not exceed at any time the aggregate amount set forth on Schedule II (such amount as the same may be reduced under Section 2.5 or as a result of one or more assignments as permitted herein pursuant to Section 3.7 and Section 9.7, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing, the aggregate principal amount of all outstanding Loans shall not at any time exceed the Commitment Amount; and provided, further, that the aggregate principal amount of all Loans outstanding from time to time to a Borrower shall not exceed the Borrowing Base for the relevant Borrower. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, a Borrower may borrow under this Section 2.1, repay under the terms hereof and reborrow under this Section 2.1.

  • AMOUNTS AND TERMS OF THE ADVANCES AND THE LETTERS OF CREDIT SECTION 2.01. The Advances and the Letters of Credit. (a)

  • Amounts and Terms of the Loans 2.1 Commitments 12 2.2 Note 12 2.3 Principal Payments; Maturity of Loans 13 2.4 Interest 13 2.5 Fees 15 2.6 Termination or Reduction of Commitments 15 2.7 General Provisions as to Payments 15 2.8 Disbursement of Loan Proceeds 15 2.9 Use of Proceeds 15 2.10 Taxes 15 2.11 Illegality 16

  • Amount and Terms of Commitments 2.1 [Reserved].

  • Amount and Terms of the Commitments 30 Section 2.1. General Description of Facilities 30 Section 2.2. Revolving Loans 31 Section 2.3. Procedure for Revolving Borrowings 31 Section 2.4. Swingline Commitment 31 Section 2.5. Funding of Borrowings 33 Section 2.6. Interest Elections 33 Section 2.7. Optional Reduction and Termination of Commitments 34 Section 2.8. Repayment of Loans 35 Section 2.9. Evidence of Indebtedness 35 Section 2.10. Optional Prepayments 35 Section 2.11. Mandatory Prepayments 36 Section 2.12. Interest on Loans 36 Section 2.13. Fees 37 Section 2.14. Computation of Interest and Fees 38 Section 2.15. Inability to Determine Interest Rates 38 Section 2.16. Illegality 38 Section 2.17. Increased Costs 39 Section 2.18. Funding Indemnity 40 Section 2.19. Taxes 40 Section 2.20. Payments Generally; Pro Rata Treatment; Sharing of Set-offs 43 Section 2.21. Letters of Credit 45 Section 2.22. Increase of Commitments; Additional Lenders 49 Section 2.23. Mitigation of Obligations 52 Section 2.24. Replacement of Lenders 52 Section 2.25. Defaulting Lenders 53 Section 2.26. All Obligations to Constitute Joint and Several Obligations 54 ARTICLE III

  • Amount and Terms of Commitment Each Lender severally agrees, on the terms and subject to the conditions hereinafter set forth,

  • Amounts and Terms of Loans 2 1.1 Loans...........................................................................................2 1.2

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