Common use of Blocked Amounts Clause in Contracts

Blocked Amounts. If the respective Credit Event is to occur before the Merger Closing Date, the Borrower shall have furnished the Administrative Agent reasonably detailed calculations of the Blocked Amount on such date (after giving effect to any Credit Events and the payments to be made with the proceeds thereof on such date), showing the allocation thereof to the Bridge Loan Blocked Amount, the B-1 Blocked Amount and the B-2 Blocked Amount, and shall certify that none of the Total B-1 Term Loan Commitment (after any reductions thereto on such date), the Total B-2 Term Loan Commitment (after any reductions thereto on such date), or the unutilized commitments under the Bridge Loan Agreement after giving effect to any reductions thereto on such date shall equal or exceed the B-1 Blocked Amount, the B-2 Blocked Amount or the Bridge Loan Blocked Amount, as the case may be. Notwithstanding anything to the contrary contained above or elsewhere in this Agreement or any other Credit Documents, the provisions of this Section 7 shall be subject to the last three paragraphs of Section 8 hereof.

Appears in 2 contracts

Samples: Credit Agreement (CF Industries Holdings, Inc.), Credit Agreement (CF Industries Holdings, Inc.)

AutoNDA by SimpleDocs

Blocked Amounts. If the respective Credit Event is to occur before the Merger Closing Date, the The Borrower shall have furnished the Administrative Agent reasonably detailed calculations of the Blocked Amount on such date the Initial Borrowing Date (after giving effect to any Credit Events the consummation of the Exchange Offer and the payments to be made with the proceeds thereof on such datein connection therewith), showing the allocation thereof to the Bridge Loan Blocked Amount, the B-1 Blocked Amount and the B-2 Blocked Amount, and shall certify that none each of the Total B-1 Term Loan Commitment (after any the reductions thereto on such datethe Initial Borrowing Date), the Total B-2 Term Loan Commitment (after any the reductions thereto on such date), or the Initial Borrowing Date) and the unutilized commitments under the Bridge Loan Agreement (after giving effect to any reductions thereto on such date the Initial Borrowing Date) shall equal or exceed the B-1 Blocked Amount, the B-2 Blocked Amount or and the Bridge Loan Blocked Amount, as the case may be. Notwithstanding anything to the contrary contained above or elsewhere in this Agreement or any other Credit Documents, the provisions of this Section 7 shall be subject to the last three paragraphs of Section 8 hereof.

Appears in 2 contracts

Samples: Credit Agreement (CF Industries Holdings, Inc.), Credit Agreement (CF Industries Holdings, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!