Commitment of the Banks. (a) Each Bank severally and not jointly with the other Banks agrees, upon the terms and subject to the conditions herein set forth, to make revolving credit loans (each, a "Loan," and, collectively, the "Loans") to the Borrower at any time and from time to time during the period commencing on the Closing Date and ending on the Final Maturity Date (or the earlier date of termination of the Total Commitment) in an aggregate principal amount not to exceed, when added to such Bank's Commitment Percentage multiplied by the then aggregate Letter of Credit Outstandings, the Commitment of such Bank, which Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Loans plus the then aggregate Letter of Credit Outstandings exceed the lesser of (i) the Total Commitment of $75,000,000, as the same may be reduced from time to time pursuant to Section 2.10 or 2.13, as the case may be and (ii) the sum of the Borrowing Base plus the cash then held by the Agent pursuant to Sections 2.03(b) and 2.13
(a) minus the aggregate principal amount of all "Loans" outstanding under the Short-Term Credit Agreement.
Commitment of the Banks. (a) Each Bank severally and not jointly with the other Banks agrees, upon the terms and subject to the conditions herein set forth (including, without limitation, the provisions of Section 2.28), to make revolving credit loans (each a "Loan" and collectively, the "Loans") to the Borrower at any time and from time to time during the period commencing on the date hereof and ending on the Termination Date in an aggregate principal amount not to exceed, when added to such Bank's Commitment Percentage of the then aggregate Letter of Credit Outstandings (in excess of the amount of cash then held in the Letter of Credit Account pursuant to Section 2.03(b)), the Commitment of such Bank, which Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Loans plus the then aggregate Letter of Credit Outstandings exceed the lesser of (i) the Total Commitment of $190,000,000, as the same may be reduced from time to time pursuant to Sections 2.10 and 2.13 and (ii) the Borrowing Base.
Commitment of the Banks. Subject to the terms and conditions set forth in this Agreement, the Banks severally agree, in proportion to their respective Term Loan Commitments, to make Borrower a term loan in the aggregate original principal amount of Sixty Million Dollars ($60,000,000.00) (the "Term Loan"). The Term Loan shall be advanced by the Banks in two separate advances, the first of which shall have been made pursuant to the Prior Agreement and, after the $30,000,000.00 prepayment on the date hereof, is outstanding on the date hereof in the amount of $56,274,239.31; and the second advance which shall be in the principal amount of $3,725,760.69, which shall be made on October 1, 1996 pursuant to and subject to the terms of Section
10.1 (p) herein. The Term Loan may be either (a) a Base Rate Loan, (b) a LIBOR Loan or (c) any combination thereof, as determined by the Borrower and notified to the Agent in accordance with Section 6.1 herein, provided, however, that the amount of any Base Rate Loan shall not be less than $1,500,000.00 or multiples of $100,000.00 in excess thereof, and the amount of any LIBOR Loan shall not be less than $2,500,000.00 or multiples of $250,000.00 in excess thereof.
Commitment of the Banks. 15
(1) Each Bank severally and not jointly with the other Banks agrees, upon the terms and subject to the conditions herein set forth (including, without limitation, the provisions of Section 2.28), to make revolving credit loans (each a "Loan" and collectively, the "Loans") to the Borrower at any time and from time to time during the period commencing on the date hereof and ending on the Termination Date (or the earlier date of termination of the Total Commitment) in an aggregate principal amount not to exceed, when added to such Bank's Commitment Percentage of the then aggregate Letter of Credit Outstandings (in excess of the amount of cash then held in the Letter of Credit Account pursuant to Section 2.03(b)), the Commitment of such Bank, which Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Loans plus the then aggregate Letter of Credit Outstandings exceed the lesser of (i) the Total Commitment of $200,000,000, as the same may be reduced from time to time pursuant to Section 2.10, and (ii) from and after the entry of the Final Order, the sum of the Borrowing Base plus cash then held in the Letter of Credit Account pursuant to Section 2.13(a).
Commitment of the Banks. Subject to the terms and conditions of this Agreement, each Bank, severally but not jointly, agrees as follows:
Commitment of the Banks. Section 2.1 of the Credit Agreement is hereby amended by deleting paragraph (a) thereof in its entirety and substituting therefor the following:
Commitment of the Banks. 12 SECTION 2.02
Commitment of the Banks. (a) Each Bank severally and not jointly with the other Banks agrees, upon the terms and subject to the conditions herein set forth (including, without limitation, the provisions of Section 2.23), to make revolving credit loans (each a "Loan" and collectively, the "Loans") to the Borrower at any time and from time to time during the period commencing on the date hereof and ending on the Termination Date in an aggregate principal amount not to exceed, when added to such Bank's Commitment Percentage of the then aggregate Letter of Credit Outstandings, the Commitment of such Bank, which Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Loans plus the then aggregate Letter of Credit Outstandings exceed the Total Commitment of $15,000,000, as the same may be reduced from time to time pursuant to Section 2.09.
Commitment of the Banks. (a) Each Bank severally and not jointly with the other Banks agrees, upon the terms and subject to the conditions herein set forth (including, without limitation, the provisions of Section 2.28), to make revolving credit loans (each a "Loan" and collectively, the "Loans") to the Borrower at any time and from time to time during the period commencing on the date hereof and ending on the Termination Date (or the earlier date of termination of the Total Commitment) in an aggregate principal amount not to exceed, when added to such Bank's Commitment Percentage of the then aggregate Letter of Credit Outstandings (in excess of the amount of cash then held in the Letter of Credit Account pursuant to Sections 2.3(b) and 2.13(a)), the Commitment of such Bank, which Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Loans plus the then aggregate Letter of Credit Outstandings exceed the lesser of (i) the Total Commitment of $50,000,000 as the same may be reduced from time to time pursuant to Sections 2.10 or 2.13, as the case may be, and (ii) the sum of the Borrowing Base plus cash then held in the Letter of Credit Account pursuant to Sections 2.3(b) and 2.13(a).
Commitment of the Banks. Minimum Amounts; Limitation on Number of Borrowings............................... 2.3
