Banks’ Commitment Sample Clauses

Banks’ Commitment. For the purposes of the definition of “
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Banks’ Commitment. For the purposes of the definition of "Majority Banks" in clause 1.2 and the relevant provisions of the Security Documents, references to the Commitment of a Bank shall, if the Total Commitment has, at any relevant time, been reduced to zero, be deemed to be a reference to the Commitment of that Bank immediately prior to such reduction to zero.
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Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the lesser of $60,000,000 or the Maximum Loan Limit as defined herein. (b) Unless terminated as provided in paragraph 1.5 hereof, the term of the Bank's commitment hereunder shall automatically be extended for a like term of three (3) years, each such extension being evidenced by the execution and delivery by the Trust and acceptance by the Bank of a Promissory Note described in paragraph 1.4(b) below. Each such extension shall extend the term of the Bank's commitment hereunder to a date three (3) years subsequent to the maturity date of the Promissory Note delivered pursuant to paragraph 1.4(b). (c) Unless the context indicates otherwise, a reference herein to "the Note" shall mean that Note held by the Bank at the time in question.
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Banks’ Commitment. Subject to the terms and provisions hereof, the Bank agrees to lend to the Company, and the Company may borrow from the Bank, from time to time during the term hereof, amounts not to exceed the Maximum Outstanding Amount. The Company may borrow, repay and re-borrow amounts under the Revolving Line of Credit as herein provided.
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Banks’ Commitment. All notices regarding borrowings,interest rates, Competitive Bid Requests, and amounts due should be directed to: Bank One, Texas, N.A. $ 27,000,000 Domestic and Eurodollar Lending Office Bank One Center 1717 Main Street, Third Floor Dallas Texas 75201 Attention: ▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇: ▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇: ▇▇▇-▇▇▇-▇▇83 NBD B▇▇▇ $ 13,000,000 Domestic and Eurodollar Lending Office NBD Bank 611 Woodward Avenue Detroit, MI 48226 Attention: Kim Zazula, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇: 313-225-3444 Fax: 313-225-264▇ F▇▇▇▇ ▇▇▇▇▇▇▇l Bank of Commerce $ ▇▇,▇▇▇,▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇urodollar Lending Office First National Bank of Commerce 210 Baronne Street New Orleans, LA 70160-0279 Attention: Suza▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇: ▇▇▇-▇▇▇-▇▇▇4 Fax: 504-5▇▇-▇▇▇▇ ▇▇▇▇ovia Bank of Georgia, N.▇. $ 10,000,000 Domestic an Eurodollar Lending Office Wachovia Corporate Services, Inc. 191 Peachtree Street, N.E. Atlanta, GA 30303 Attention: Carl ▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇: ▇▇4-332-1470 Fa▇: ▇▇▇-▇▇▇-▇▇▇8 PNC Bank, National Associat▇▇▇ $ 10,000,000 Domestic and Eurodollar Lending Offices PNC Bank, National Association 100 South Broad Street Philadelphia, PA 19110 Attention: Scot▇ ▇. ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇: ▇▇▇-▇▇▇-▇▇▇▇ Fax: 215-585-▇▇▇▇ Wiring Information ▇▇▇▇ ▇▇▇, ▇▇▇▇▇, ▇.▇. ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇: ▇▇▇▇ ▇▇▇, ▇▇▇▇▇, N.A. ABA#: 111000614 Attention: Nancy Daniel A/C# Account #0109904045 (reference Century Telephone) THE BORROWER Location of account: First American Bank & Trust of Louisiana (Monroe, Louisiana) ABA#: 111101050 Referenc▇: ▇entury Telephone Enterprises, Inc. (Immediate advice to Treasury Department, 318-388-9613) NBD BANK
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Banks’ Commitment. 18 2.4. Use of Proceeds. . . . . . . . . . . . . . . . . . . . . . . . 18 2.5. Reductions in Commitment . . . . . . . . . . . . . . . . . . . 19 2.6. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 2.7. Advances . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 2.8. Reduction and Termination of Commitment. . . . . . . . . . . . 28 2.9. Prepayment; Repayment. . . . . . . . . . . . . . . . . . . . . 29 2.10. Funding Costs; Loss of Earnings. . . . . . . . . . . . . . . . 30 2.11. Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 2.12. Commitment Fee . . . . . . . . . . . . . . . . . . . . . . . . 31 2.13. Regulatory Changes in Capital Requirements . . . . . . . . . . 31 SECTION 2A - LETTERS OF CREDIT . . . . . . . . . . . . . . . . . . . . . . 32
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Banks’ Commitment. If the Borrower so requests, one or more of the Non-Affected Banks may, in their sole and absolute discretion, elect to acquire all or any portion of the Affected Bank's outstanding Revolving Credit Loans and to assume all or any portion of the Affected Bank's Commitment. If the Non-Affected Banks do not elect to acquire and assume all of the Affected Bank's outstanding Revolving Credit Loans and Commitment, the Borrower may designate a replacement bank or banks, which must be an Eligible Assignee and satisfactory to the Agent, to acquire and assume that portion of the outstanding Revolving Credit Loans and Commitment of the Affected Bank not being acquired and assumed by the Non-Affected Banks. The provisions of Section 18 hereof shall apply to all reallocations pursuant to this Section 4.11, and the Affected Bank and any Non-Affected Banks and/or replacement banks which are to acquire the Revolving Credit Loans and Commitment of the Affected Bank shall execute and deliver to the Agent, in accordance with the provisions of Section 18 hereof, such Assignments and Acceptances and other instruments as are required pursuant to Section 18 hereof to give effect to such reallocations. On the effective date of the applicable Assignments and Acceptances, the Borrower shall pay to the Affected Bank all interest accrued on its Revolving Credit Loans up to but excluding such date, along with any fees and any other amounts payable to such Affected Bank hereunder up to but excluding such date. In addition, the Borrower agrees to indemnify each Bank and to hold each Bank harmless from and against any loss, cost or expense (including loss of anticipated profits) that such Bank may sustain or incur as a result of any assignment contemplated by this Section 4.11.
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Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the sum of $20,000,000. (b) Unless terminated as provided in paragraph 1.5 hereof, the term of the Bank's commitment hereunder shall automatically be extended each year, each such extension being evidenced by the execution and delivery by the Trust and acceptance by the Bank of a Promissory Note described in paragraph 1.4(b) below. Each such extension shall extend the term of the Bank's commitment hereunder to a date one (1) year subsequent to the maturity date of the Promissory Note delivered pursuant to paragraph 1.4(b). (c) Unless the context indicates otherwise, a reference herein to "the Note" shall mean that Note held by the Bank at the time in question.
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Banks’ Commitment. Schedule 1 attached hereto sets forth the names and addresses of the Banks and the Pro Rata Shares and Maximum Principal Amounts in which Banks shall participate in the Loan.
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Related to Banks’ Commitment

  • Total Commitment The sum of the Commitments of the Banks, as in effect from time to time.

  • Fees Commitments 100112 4.1 Fees............................................................................................................100112 4.2 Mandatory Termination or Reduction of Commitments............................100112 SECTION 5 Payments..............................................................................................100113

  • Revolving Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time on any Business Day during the Commitment Period, at such times as the Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding, does not exceed the amount of such Lender’s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans would exceed the aggregate Loan Value of the Pledged Eligible Assets (including the Pledged Eligible Assets referred to in Section 2.2(a)(ii) with respect to such Revolving Loan) and (iii) no Borrowing Base B Loans shall be made to the extent that the aggregate amount of all Borrowing Base B Loans would exceed the Borrowing Base B Limit; provided further that Borrowing Base B Loans may not be borrowed on any date in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, the Borrower may borrow, prepay the Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof. (b) The Borrower shall repay all outstanding Revolving Loans on the Termination Date. (c) The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

  • Revolving Commitment Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrowers from time to time from the Effective Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided herein for the purposes hereinafter set forth (provided, that, all Revolving Loans made prior to the Effective Time (as defined in the Merger Agreement) shall be made to Speedway Funding); provided, however, that (x) the sum of the aggregate principal amount of outstanding Revolving Loans at any time shall not exceed the Revolving Committed Amount and (y) the sum of the aggregate principal amount of outstanding Revolving Loans on the Effective Date shall not exceed $20,000,000 (which outstanding amount shall result only from borrowings of Revolving Loans the proceeds of which are used to finance the Offer (as defined in the Merger Agreement) and for fees and expenses related to the Merger); provided, further, (i) with regard to each Revolving Lender individually, such Lender’s share of outstanding Revolving Obligations shall not exceed such Lender’s Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Revolving Lenders collectively, the aggregate principal amount of outstanding Revolving Obligations shall not exceed ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such aggregate maximum amount may from time to time be increased pursuant to Section 2.6 or reduced as provided in Section 3.3). Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrowers may request and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, that no more than six Eurodollar Loans shall be outstanding hereunder at any time with respect to Revolving Loans. For purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date and have the same duration, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period.

  • Revolving Credit Commitment Subject to the terms and conditions hereof, the Lender agrees to extend a Revolving Credit to each Borrower which may be availed of by each Borrower from time to time during the period from and including the date hereof to but not including the Termination Date (the “Commitment Period”), at which time the commitment of the Lender to extend credit under the Revolving Credit shall expire. The maximum amount of the Revolving Credit which the Lender agrees to extend to the Borrowers shall be the Lender’s Commitment as then in effect. The Revolving Credit may be utilized by the Borrowers in the form of Loans, all as more fully hereinafter set forth, provided that, the aggregate principal amount of Loans outstanding at any one time shall not exceed the Commitment and the maximum aggregate amount of all Loans made to any Borrower at any one time outstanding shall not exceed the lesser of (a) the Commitment, and (b) such Borrower’s Borrowing Limit. During the Commitment Period, each Borrower may utilize the Revolving Credit by borrowing, repaying and reborrowing Loans in whole or in part, all in accordance with the terms and conditions of this Agreement. Loans shall be made available to the Borrowers on a first come, first served basis, provided, that, if the amount of Loans which some or all Borrowers would otherwise request on the same Business Day would exceed the Available Commitment, the Available Commitment will be apportioned among the Borrowers in accordance with resolutions adopted by the boards of directors of the Borrowers and the results of such apportionment will be reported in writing to the Lender by the Adviser.