Amounts and Terms of the Commitments. (a) Each Lender severally agrees, on the terms and conditions set forth herein, to make loans denominated in dollars to the Company (each such loan, a “Revolving Credit Loan”) from time to time on any Business Day during the period from the Effective Date to the Termination Date, so long as (a) with respect to any Lender, such Revolving Credit Loans then requested to be made by such Lender do not exceed such Lender’s Pro Rata Share of the aggregate amount of all Loans then requested from the Lenders, and (b) the sum of the aggregate principal amount of all Revolving Credit Loans by all Lenders hereunder plus the aggregate principal amount of all Swing Line Loans plus the LC Obligation outstanding at any time does not exceed the lesser of the Borrowing Base and the Elected Commitment Amount in effect at such time. Subject to the terms and conditions hereof, until the Termination Date, Company may borrow, repay, and reborrow hereunder.
(b) Upon the request of any Lender made through the Administrative Agent, the Company shall execute and deliver to such Lender (through the Administrative Agent) a promissory note from the Company payable to such Lender or its registered assigns (herein called such Lender’s “Note” and collectively, the “Notes”). The amount of principal owing on any Lender’s Note at any given time shall be the aggregate amount of all Loans theretofore made by such Lender minus all payments of principal theretofore received by such Lender on such Note. Interest on each Note shall accrue and be due and payable as provided herein and therein.
(c) Subject to the terms and conditions of Section 2.10 below and relying upon the agreements of the Lenders set forth herein, the Issuing Lender agrees to issue Letters of Credit as support for Derivative Contracts covering Oil and Gas commodities as approved by the Administrative Agent and other purposes permitted hereunder, upon the request of the Company at any time and from time to time on and after the Effective Date and up to, but excluding, the Termination Date (the “Availability Period”). The Lenders severally agree to participate in all Letters of Credit and drawings thereunder. No Letter of Credit will be issued in a face amount which, after giving effect to the issuance of such Letter of Credit, would cause the LC Obligation to exceed $75,000,000 or the Effective Amount to exceed the Borrowing Base then in effect.
(d) On the Effective Date (a) the commitments of the lenders under the Existing Cred...
Amounts and Terms of the Commitments. Section 2.01 General Description of the Loans Section 2.02 Construction and Term Loan Commitment Section 2.03 Procedure for Construction Borrowings Section 2.04 Term Loan Conversion Section 2.05 Revolving Loan Commitment Section 2.06 Procedure for Revolving Borrowings
Amounts and Terms of the Commitments. (a) Each Lender severally agrees, on the terms and conditions set forth herein, to make loans to the Company (each such loan, a "Loan") from time to time on any Business Day during the
Amounts and Terms of the Commitments. (a) Subject to and upon the terms and conditions set forth herein, each Lender made on the Closing Date a term loan or term loans (each, a “Closing Date Term Loan” and, collectively, the “Closing Date Term Loans”) to the Borrower, which Closing Date Term Loans (A) were incurred pursuant to a single drawing on the Closing Date, (B) were denominated in Dollars and (C) except as hereinafter provided, were, at the option of the Borrower, incurred and maintained as, and/or converted into, Base Rate Loans or SOFR Loans. On and after the Sixth Amendment Effective Date, all term loans outstanding under the Original Credit Agreement (including all Closing Date Term Loans) were replaced entirely by Amendment No. 6 Refinancing Term Loans and each reference herein and in the Loan Documents to “Initial Term Loans” and “Term Loans” on and after the Sixth Amendment Effective Date shall be deemed a reference to the Amendment No. 6 Refinancing Term Loans, except as the context may otherwise require. On and after the Seventh Amendment Effective Date, all term loans outstanding under the Existing Credit Agreement (including all Amendment No. 6 Refinancing Term Loans) were replaced entirely by Amendment No. 7 Refinancing Term Loans and each reference herein and in the Loan Documents to “Initial Term Loans” and “Term Loans” on and after the Seventh Amendment Effective Date shall be deemed a reference to the Amendment No. 7 Refinancing Term Loans, except as the context may otherwise require.
Amounts and Terms of the Commitments. 13 SECTION 2.01. Commitments.............................................13 SECTION 2.02. Procedures for Advances.................................14
Amounts and Terms of the Commitments. 14 ARTICLE III CONDITIONS PRECEDENT 33 ARTICLE IV REPRESENTATIONS AND WARRANTIES 34
Amounts and Terms of the Commitments. Section 2.01 General Description of the Loans Section 2.02 Construction Loan Commitment
Amounts and Terms of the Commitments
Amounts and Terms of the Commitments
