Commitment of the Lenders Sample Clauses

Commitment of the Lenders. (a) Each Lender, severally and not jointly with any other Lender, agrees, upon the terms and subject to the conditions herein set forth, to make Credit Extensions in Dollars to or for the benefit of the Borrowers, on a revolving basis, subject in each case to the following limitations: (i) Except as provided in SECTION 2.05, the aggregate outstanding amount of the Credit Extensions to the Borrowers shall not at any time cause Availability to be less than zero; (ii) Letters of Credit shall be available from the Issuing Banks to the Borrowers and their Restricted Subsidiaries, provided that the Borrowers shall not at any time permit the aggregate Letter of Credit Outstandings at any time to exceed the Letter of Credit Sublimit; and provided, further, that any Letter of Credit issued for the benefit of any Foreign Subsidiary shall be issued naming the Lead Borrower as the account party on any such Letter of Credit but such Letter of Credit may contain a statement that it is being issued for the benefit of such Foreign Subsidiary; (iii) No Lender shall be obligated to make any Credit Extension that would result in such Lender’s Credit Exposure in respect of any Class of Revolving Loans at such time exceeding such Lender’s Commitment in respect of such Class of Revolving Loans; (iv) Except as provided in SECTION 2.05, the aggregate outstanding amount of the Credit Extensions shall not exceed the Loan Cap; and (v) Subject to all of the other provisions of this Agreement, Revolving Loans to the Borrowers that are repaid may be reborrowed prior to the Termination Date. (b) Each Borrowing of Loans by the Borrowers (other than Swingline Loans) shall be made by the Lenders pro rata in accordance with their respective Commitment Percentages. The failure of any Lender to make any Revolving Loan to the Borrowers shall neither relieve any other Lender of its obligation to fund its Revolving Loan to the Borrowers in accordance with the provisions of this Agreement nor increase the obligation of any such other Lender.
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Commitment of the Lenders. (a) Each Lender severally and not jointly with any other Lender, agrees, upon the terms and subject to the conditions herein set forth, to extend credit to the Borrowers on a revolving basis, in the form of Loans and Letters of Credit and in an amount not to exceed the lesser of such Lender's Commitment or such Lender's Commitment Percentage of the Borrowing Base, subject to the following limitations: (i) The aggregate outstanding amount of the Loans and Letters of Credit Outstandings shall not at any time exceed the lower of (i) $125,000,000 or, in each case, any other amount to which the Commitments have then been increased or reduced by the Borrowers pursuant to Sections 2.02 or 2.16, and (ii) the then amount of the Borrowing Base. (ii) No Lender shall be obligated to issue any Letter of Credit, and Letters of Credit shall be available from the Issuing Bank, subject to the ratable participation of all Lenders, as set forth in Section 2.07. The Borrowers will not at any time permit the aggregate Letter of Credit Outstandings to exceed $125,000,000. (iii) Subject to all of the other provisions of this Agreement, Loans that are repaid may be reborrowed prior to the Termination Date. No new Credit Extension, however, shall be made to the Borrowers after the Termination Date. (b) Each Borrowing of Loans (other than Swingline Loans) shall be made by the Lenders pro rata in accordance with their respective Commitment Percentages. The failure of any Lender to make any Loan shall neither relieve any other Lender of its obligation to fund its Loan in accordance with the provisions of this Agreement nor increase the obligation of any such other Lender.
Commitment of the Lenders. (a) Each Revolving Credit Lender, severally and not jointly with any other Lender, agrees, upon the terms and subject to the conditions herein set forth, to make Credit Extensions, on a revolving basis, subject in each case to the following limitations: (i) Credit Extensions shall be made only to the extent of the amount of Availability; (ii) The aggregate Letter of Credit Outstandings shall not at any time exceed $10,000,000; and (iii) Subject to all of the other provisions of this Agreement, Revolving Credit Loans that are repaid may be reborrowed prior to the Termination Date. No new Credit Extension (other than Permitted Overadvances) shall be made to the Borrowers after the Termination Date. (iv) The aggregate outstanding amount of the Credit Extensions shall not at any time exceed the Commitments. (b) Each Borrowing of Revolving Credit Loans (other than Swingline Loans) shall be made by the Revolving Credit Lenders pro rata in accordance with their respective Commitments. The failure of any Lender to make any Loan shall neither relieve any other Lender of its obligation to fund its Loan in accordance with the provisions of this Agreement nor increase the obligation of any such other Lender.
Commitment of the Lenders. (a) Each Tranche A Lender severally and not jointly with the other Tranche A Lenders agrees, upon the terms and subject to the conditions herein set forth, to make revolving credit loans (each a “Revolving Loan” and collectively, the “Revolving Loans”) to the Borrowers 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 Tranche A Commitment) in an aggregate principal amount not to exceed, when added to such Tranche A Lender’s Tranche A Commitment Percentage of the then aggregate Letter of Credit Outstandings, the Tranche A Commitment of such Tranche A Lender, which Revolving 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 Revolving Loans plus the then aggregate Letter of Credit Outstandings exceed the Total Tranche A Commitment of $350,000,000, as the same may be reduced from time to time pursuant the terms of this Agreement. (i) Each Tranche B Lender severally and not jointly with the other Tranche B Lenders agrees, upon the terms and subject to the conditions herein set forth, to make (or, pursuant to clause (ii) below, elect to convert all or a portion of such Lender’s Existing Term Loans into) term loans (each a “Term Loan” and collectively, the “Term Loans”) to the Borrowers on the Restatement Effectiveness Date, in an aggregate principal amount not to exceed the Tranche B Commitment of such Tranche B Lender. At no time shall the sum of the then outstanding aggregate principal amount of the Term Loans exceed the Total Tranche B Commitment of $250,000,000. (ii) In connection with the making of the Term Loans pursuant to clause (i) above, by delivering written notice to the Administrative Agent at least two (2) Business Days prior to the Restatement Effectiveness Date, any Lender of Existing Term Loans may elect to make all or any portion of such Lender’s Tranche B Commitment percentage of the Term Loans requested by the Borrowers to be made on the Restatement Effectiveness Date by converting all or a portion of the outstanding principal amount of the Existing Term Loans held by such Lender into Term Loans in a principal amount equal to the amount of Existing Term Loans so converted (each such Existing Term Loan to the extent it is to be converted a “Converted Term Loan”). On the Restatement Effectiveness Date, the Conve...
Commitment of the Lenders. Subject to the terms and conditions hereof, each Lender severally agrees to make a term loan (a “Term Loan”) to the Borrower on the Closing Date in an amount not to exceed the amount of the Commitment of such Lender. Any amount borrowed under this SECTION 2.01 and subsequently repaid or prepaid may not be reborrowed. Each Lender’s Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Commitment. The Term Loans may from time to time be LIBO Loans or Prime Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with SECTIONS 2.03 and 2.09.
Commitment of the Lenders. (a) Each Lender, severally and not jointly with any other Lender, agrees, upon the terms and subject to the conditions herein set forth, to make Credit Extensions to or for the benefit of the Borrower, on a revolving basis, subject in each case to the following limitations: (i) The Total Outstandings shall not at any time either (A) exceed $350,000,000 or any greater or lesser amount to which the Total Commitments have then been increased or reduced by the Borrower pursuant to SECTION 2.02 or SECTION 2.15, or (B) cause Availability to be less than zero; (ii) Letters of Credit shall be available from the Issuing Banks to the Borrower, subject to the ratable participation of the Lenders, as set forth in SECTION 2.
Commitment of the Lenders. (a) Each Lender severally and not jointly with the other Lenders 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 Borrowers 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 Lender's Commitment Percentage of the then aggregate Letter of Credit Outstandings, the Commitment of such Lender, which Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. (b) Each Borrowing shall be made by the Lenders pro rata in accordance with their respective Commitments; provided, however, that the failure of any Lender to make any Loan shall not in itself relieve the other Lenders of their obligations to lend.
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Commitment of the Lenders. (a) Each Lender severally and not jointly with any other Lender agrees, upon the terms and subject to the conditions herein set forth, to extend credit to the Borrower on a revolving basis, in the form of Credit Extensions and in an amount equal to such Lender's Commitment Percentage therexx, xxbject to the following limitations: (1) The aggregate outstanding amount of the Credit Extensions shall not at any time exceed the lowest of (i)$250,000,000 or any lesser amount to which the Commitments have then been reduced by the Borrower pursuant to Sections 2.07 or 2.10, and (ii)the then amount of the Borrowing Base, plus the cash held in the Cash Collateral Account pursuant to Sections2.02, 2.10(a) and 2.14(a) (item "FOURTH"). (2) No Lender shall be obligated to issue any Letter of Credit, and Letters of Credit shall be available from the Issuing Bank, subject to the ratable participation of all Lenders, as set forth in Section 2.
Commitment of the Lenders. (a) [Reserved]. (b) [Reserved]. (c) [Reserved]. (i) The Additional Term B-67 Xxxxxx agrees to make a term loan to the Borrower in dollars (a “Term B-67 Loan”) on the Amendment No. 911 Effective Date in an amount not to exceed the amount of its Additional Term B-67 Commitment and (ii) each Converted Term B-56 Loan of each Amendment No. 911 Consenting Lender shall be converted into a Term B-67 Loan of such Lender effective as of the Amendment No. 911 Effective Date in a principal amount equal to the principal amount of such Xxxxxx’s Converted Term B-56 Loan immediately prior to such conversion. Amounts repaid with respect to Term B-67 Loans may not be reborrowed. As of the Amendment No. 911 Effective Date the aggregate outstanding principal amount of Term B-67 Loans is $961,415,000.001,250,000,000.00.
Commitment of the Lenders. (a) Each Lender severally and not jointly with the other Lenders agrees, upon the terms and subject to the conditions herein set forth (including, without limitation, the provisions of Section 2.29), to make revolving credit loans (each a "Loan" and ------------ ---- collectively, the "Loans") in U.S. Dollars to the Borrowers 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 Lender'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 2.3(b)), the Commitment of such Lender, which Loans --------------- may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the Total Usage exceed Borrowing Availability. (b) Each Borrowing shall be made by the Lenders pro rata in accordance with their respective Commitments; provided, however, that the failure of any -------- ------- Lender to make any Loan shall not in itself relieve the other Lenders of their obligations to lend.
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