Amounts of Commitments. Subject to reduction as provided herein: (a) The aggregate amount of the Commitments shall be $14,000,000. (b) The aggregate amount of the Revolving Credit Commitments at any time shall be $14,000,000 less the aggregate amount of Letter of Credit Liabilities outstanding at such time. (c) The aggregate amount of the Letter of Credit Commitments at any time is equal to the lesser of: (1) the aggregate amount of the Revolving Credit Commitments in effect at such time less the aggregate amount of Revolving Loans and Swingline Loans outstanding at such time, and (2) $3,000,000.
Appears in 1 contract
Samples: Credit Agreement (I Trax Inc)
Amounts of Commitments. Subject to reduction as provided herein:
(a) The aggregate amount of the Commitments shall be $14,000,00020,000,000.
(b) The aggregate amount of the Term Loan Commitments shall be $6,000,000.
(c) The aggregate amount of the Revolving Credit Commitments at any time shall be $14,000,000 less the aggregate amount of Letter of Credit Liabilities outstanding at such time.
(cd) The aggregate amount of the Letter of Credit Commitments at any time is equal to the lesser of: (1) the aggregate amount of the Revolving Credit Commitments in effect at such time less the aggregate amount of Revolving Loans and Swingline Loans outstanding at such time, and (2) $3,000,0003,250,000 prior to June 1, 2004 and $2,000,000 thereafter.
Appears in 1 contract
Samples: Credit Agreement (I Trax Inc)
Amounts of Commitments. Subject to reduction as provided herein, including Sections 2.1.2:
(a) The the aggregate amount of the Commitments shall be is $14,000,000.125,000,000,
(b) The the aggregate amount of the Revolving Credit Commitments at any time shall be is $14,000,000 125,000,000 less the aggregate amount of Letter of Credit Liabilities outstanding at such time., and less the total balance of the Swingline Loans outstanding at such time, and
(c) The the aggregate amount of the Letter of Credit Commitments at any time is an amount equal to the lesser of: (1) the aggregate amount of the Revolving Credit Commitments in effect at such time less the aggregate amount of Revolving Loans and Swingline Loans outstanding at such time, and (2) $3,000,00010,000,000.
Appears in 1 contract
Amounts of Commitments. Subject to reduction as provided herein:
(a) The aggregate amount of the Commitments shall be $14,000,00015,000,000.
(b) The aggregate amount of the Revolving Credit Commitments at any time shall be an amount equal to $14,000,000 15,000,000 less the aggregate amount of Letter of Credit Liabilities outstanding at such time.
(c) The aggregate amount of the Letter of Credit Commitments at any time is shall be an amount equal to the lesser of: (1) the aggregate amount of the Revolving Credit Commitments in effect at such time less the aggregate amount of Revolving Loans and Swingline Loans outstanding at such time, and (2) $3,000,000.
Appears in 1 contract
Samples: Credit Agreement (I Trax Inc)
Amounts of Commitments. Subject to reduction as provided herein, including Sections 2.1.2 and 2.1.3:
(a) The the aggregate amount of the Commitments shall be is $14,000,000.90,000,000,
(b) The the aggregate amount of the Revolving Credit Commitments at any time shall be is $14,000,000 90,000,000 less the aggregate amount of Letter of Credit Liabilities outstanding at such time., and less the total balance of the Swingline Loans outstanding at such time, and
(c) The the aggregate amount of the Letter of Credit Commitments at any time is an amount equal to the lesser of: (1) the aggregate amount of the Revolving Credit Commitments in effect at such time less the aggregate amount of Revolving Loans and Swingline Loans outstanding at such time, and (2) $3,000,00010,000,000.
Appears in 1 contract
Samples: Credit Agreement (Cti Inc /Tn)