Common use of Availability of Facility Clause in Contracts

Availability of Facility. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow hereunder at any time prior to the Facility Termination Date. The Commitments to lend hereunder shall expire on the Facility Termination Date.

Appears in 5 contracts

Samples: Credit Agreement (Puget Sound Energy Inc), Credit Agreement (Puget Energy Inc /Wa), Credit Agreement (Puget Energy Inc /Wa)

AutoNDA by SimpleDocs

Availability of Facility. Subject to the terms of this Agreement, the Borrower may borrow(a) request a Loan borrowing up to three times during the term of this Agreement and (b) subject to Section 3.4, repay and reborrow prepay Loans hereunder at any time prior to the Facility Termination Date. Loans that are prepaid may not be reborrowed. The Commitments to lend hereunder shall expire on the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Puget Sound Energy Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.