Banks’ Commitment Sample Clauses

Banks’ Commitment. For the purposes of the definition of “

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.

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.

Banks’ Commitment. Subject to the terms and provisions hereof, the Bank agrees to lend to the Borrower, and the Borrower may borrow from the Bank, from time to time during the term hereof, amounts not to exceed the Maximum Outstanding Amount. The Borrower may borrow, repay and re-borrow amounts under the Revolving Line of Credit as herein provided.

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.

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: Xxxx X. Xxxxxx Xxx: 000-000-0000 Xxx: 000-000-0083 NBD Bxxx $ 13,000,000 Domestic and Eurodollar Lending Office NBD Bank 611 Woodward Avenue Detroit, MI 48226 Attention: Kim Zazula, Xxxx Xxxxxxxxx Xxx: 313-225-3444 Fax: 313-225-2640 Fxxxx Xxxxxxxl Bank of Commerce $ 00,000,000 Xxxxxxxx xxx Xurodollar Lending Office First National Bank of Commerce 210 Baronne Street New Orleans, LA 70160-0279 Attention: Suzaxxx X. Xxxxx, Xxxx Xxxxxxxxx Xxx: 000-000-0004 Fax: 504-500-0000 Xxxxovia Bank of Georgia, N.X. $ 10,000,000 Domestic an Eurodollar Lending Office Wachovia Corporate Services, Inc. 191 Peachtree Street, N.E. Atlanta, GA 30303 Attention: Carl X. Xxxxxxx, Xxxxxxxxx Xxxx Xxxxxxxxx Xxx: 004-332-1470 Fax: 000-000-0008 PNC Bank, National Associatxxx $ 10,000,000 Domestic and Eurodollar Lending Offices PNC Bank, National Association 100 South Broad Street Philadelphia, PA 19110 Attention: Scotx X. Xxxxx, Xxxx Xxxxxxxxx Xxx: 000-000-0000 Fax: 215-585-0000 Wiring Information XXXX XXX, XXXXX, X.X. Xxxxxxxx xx xxxxxxx: Xxxx Xxx, Xxxxx, 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 Referencx: Xentury Telephone Enterprises, Inc. (Immediate advice to Treasury Department, 318-388-9613) NBD BANK

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.

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

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.