Banks' Commitments. For the purposes of the definition of “
Banks' Commitments. Notwithstanding the Maximum Utilisation Amount and Maximum Monthly Utilisation amounts set out in clause 4.2(b), no Bank is obliged to participate in the making of an Advance if to do so would cause the aggregate of its participation in Advances outstanding under this Agreement to exceed its Commitment.
Banks' Commitments. No Bank is obliged to participate in the making of a Tranche 1 Advance or a Tranche 2 Advance if to do so would cause the aggregate of its participation in Tranche 1 Advances or Tranche 2 Advances (as the case may be) outstanding under this Agreement to exceed its Tranche 1 Commitment or its Tranche 2 Commitment (as the case may be).
Banks' Commitments. Upon the terms and subject to the conditions set forth herein, each of the Banks severally, and jointly, agrees:
(i) from the Effective Date to but excluding the Revolving Credit Commitment Termination Date, to make Revolving Loans as provided in Section 1.2 and to purchase participations in the Letters of Credit issued from time to time by a Letter of Credit Bank, in an aggregate principal amount at any time outstanding not to exceed the lesser of (A) such Bank's Revolving Credit Commitment and (B) such Bank's Proportionate Share of the Borrowing Base, provided that the outstanding amount of Letter of Credit Obligations arising under Letters of Credit shall not exceed at any time $10,000,000 (the "Letter of Credit Commitment"), and provided further that the aggregate outstanding amount of Revolving Loans plus the aggregate outstanding amount of Letter of Credit Obligations, shall not exceed at any time $130,000,000; and
(ii) on the Term Loan Conversion Date, to make Term Loans to the Borrowers as provided in Section 1.2, in an amount not to exceed such Bank's Term Loan Commitment; provided that, from and after the Term Loan Conversion Date, no further Term Loans shall be made except as a part of a Rollover Borrowing. All Loans and Letters of Credit made hereunder shall be made jointly to the Borrowers, who shall be jointly and severally liable for the repayment thereof and for the full and prompt performance of all other obligations of the Borrowers hereunder.
Banks' Commitments. Each Bank, severally and for itself alone, hereby agrees, on the terms and subject to the conditions hereinafter set forth, to make loans to one or more of the Borrowers, on the date requested from time to time from and after the date of this Agreement to, but not including, the Termination Date, in the Pro Rata Share of such Bank of such amounts as a Borrower may request with Guarantor's written approval, but not exceeding: (i) in the aggregate at any one time outstanding, the Commitment of such Bank; or (ii) with respect to any Project, such Bank's Project Commitment for such Project; or (iii) with respect to any Non-Project Commitment, such Bank's Pro Rata Share of such Non-Project Commitment.
Banks' Commitments. 16 2.1.1 Tranche A Loan.........................................16 2.1.2 Tranche B-1 Loan.......................................16 2.1.3 Tranche B-2 Loan.......................................16 2.1.4 Revolving Credit Facility..............................16 2.1.5 Revolving Loan Commitment Reduction....................17 2.1.6
Banks' Commitments. Each Bank's Commitment shall be the total amount of Loans which each Bank has agreed to make to Company, as set forth opposite each Bank's name on the signature page of this Amendment. Prior to the effectiveness of this Amendment, Company shall execute and deliver to Agent an Amended and Restated Revolving Credit Note in favor of each Bank (in form and substance satisfactory to Agent).
Banks' Commitments. The value of any transaction made by the Credit Card as well as its additions should be posted to the Cardholder’s Card Account (Visa or MasterCard). The Cardholder shall be committed to pay the debit amount due on him and this balance shall remain outstanding even after the expiry of the Credit Card’s validity or even after cancelling it (for any reason whatsoever) till the due debit balance is paid in full by the Cardholder. In case of procrastination to repay the debt, the Bank shall be entitled to charge the Cardholder with the cost of damages incurred to it.
Banks' Commitments. No Bank is obliged to participate in the making of any Utilisation (i) in the case of a Tranche 1 Advance, in an amount exceeding its undrawn Tranche 1 Commitment, (ii) in the case of a Tranche 2 Advance, in an amount exceeding its undrawn Tranche 2 Commitment, and (iii) in the case of a Tranche 3 Utilisation, if to do so would cause the aggregate of the amounts of (A) its participations in the Tranche 3 Advances outstanding under this Agreement, and (B) the Outstanding Liability Amounts in respect of all outstanding Bills accepted by such Bank, to exceed its Tranche 3 Commitment.
Banks' Commitments of the Loan and Security Agreement is hereby deleted and the following is inserted in its stead:
