Common use of Commitment to Lend; Limitation on Total Commitment Clause in Contracts

Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Effective Date and the Maturity Date upon notice by the Borrower to the Agent given in accordance with §2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations (after giving effect to all amounts requested) at any one time equal to such Lender’s Commitment, provided that the sum of the Outstanding Obligations (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Amount. The Loans shall be made pro rata in accordance with each Lender’s Commitment Percentage and the Lenders shall at all times immediately adjust inter se any inconsistency between each Lender’s outstanding principal amount and each Lender’s Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 (whichever is applicable) have been satisfied on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Lenders that such conditions have not been satisfied.

Appears in 3 contracts

Samples: Revolving Credit and Guaranty Agreement (Sl Green Realty Corp), Revolving Secured Credit and Guaranty Agreement (Sl Green Realty Corp), Pledge and Security Agreement (Sl Green Realty Corp)

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Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §Section 2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Effective Date and the Maturity Date upon notice by the Borrower to the Agent given and approved by the Agent in accordance with §Section 2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations outstanding (after giving effect to all amounts requested) at any one time equal to such Lender’s Commitment's Commitment (minus such Lender's Commitment Percentage of the face amount of the Letters of Credit outstanding), provided that the sum of the Outstanding Obligations Principal Amount (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Principal Amount. The Loans shall be made pro rata in accordance with each Lender’s 's Commitment Percentage and the Lenders shall at all times immediately adjust inter se any inconsistency between each Lender’s 's outstanding principal amount and each Lender’s 's Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 Section 10 or Section 11 (whichever is applicable) have been satisfied on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Lenders that such conditions have not been satisfied.

Appears in 2 contracts

Samples: Credit Agreement (Prime Group Realty Trust), Credit Agreement (Prime Group Realty Trust)

Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §2.5 ss.2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Effective Date and the Maturity Date upon notice by the Borrower to the Agent given and approved by the Agent in accordance with §2.5ss.2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations (after giving effect to all amounts requested) at any one time equal to such Lender’s 's Commitment, provided that the sum of the Outstanding Obligations (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Amount. The Loans shall be made pro rata in accordance with each Lender’s 's Commitment Percentage and the Lenders shall at all times immediately adjust inter se any inconsistency between each Lender’s 's outstanding principal amount and each Lender’s 's Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 ss.10 or ss.11 (whichever is applicable) have been satisfied in all material respects on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Majority Lenders that such conditions have not been satisfied.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amerivest Properties Inc)

Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §2.5 ss.2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Effective Date and the Maturity Date upon notice by the Borrower to the Agent given and approved by the Agent in accordance with §2.5ss.2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations (after giving effect to all amounts requested) at any one time equal to such that such Lender’s 's Credit Exposure does not exceed such Lender's Commitment, provided that the sum of the Outstanding Obligations (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Amount. The Loans under this ss.2.1 shall be made pro rata in accordance with each Lender’s 's Commitment Percentage and the Lenders shall at all times immediately adjust inter se any inconsistency between each Lender’s 's outstanding principal amount thereof and each Lender’s 's Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 ss.10 or ss.11 (whichever is applicable) have been satisfied on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Lenders that such conditions have not been satisfied.

Appears in 1 contract

Samples: Credit Agreement (Liberty Property Limited Partnership)

Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §§ 2.2(d) and § 2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow borrow from time to time between from and including the Effective Date to and including the Maturity Funding Expiry Date upon notice by the Borrower to the Agent given in accordance with §§ 2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations (after giving effect to all amounts requested) at any one time equal to such Lender’s Commitment, provided that the sum of the Outstanding Obligations (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Amount. The Loans shall be made pro rata in accordance with each Lender’s Commitment Percentage and the Lenders shall at all times immediately adjust inter se any inconsistency between each Lender’s outstanding principal amount and each Lender’s Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 § 10 or § 11 (whichever is applicable) have been satisfied on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Lenders that such conditions have not been satisfied.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Sl Green Realty Corp)

Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Effective Date and the Maturity Date (or, if the Term Extension Option is exercised, the Term Extension Maturity Date) upon notice by the Borrower to the Agent given and approved by the Agent in accordance with §2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations outstanding (after giving effect to all amounts requested) at any one time equal to such Lender’s Bank's Commitment, provided that the sum of the Outstanding Obligations outstanding amount of the Loans (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Loan Amount. The Loans shall be made pro rata in accordance with each Lender’s Bank's Commitment Percentage and the Lenders Banks shall at all times immediately adjust inter se any inconsistency between each Lender’s Bank's outstanding principal amount and each Lender’s Bank's Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 10 or 11 (whichever is applicable) have been satisfied on the date of such request and will be satisfied on the proposed Borrowing Drawdown Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender Bank not to lend upon a determination by the Requisite Lenders Banks that such conditions have not been satisfied. 2.2.

Appears in 1 contract

Samples: Loan Agreement (Liberty Property Limited Partnership)

Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §2.5 (S)2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Effective Facility Closing Date and the Maturity Date upon notice by the Borrower to the Agent given and approved by the Agent in accordance with §2.5(S)2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations outstanding (after giving effect to all amounts requested) at any one time equal to such Lender 's Commitment (minus such Lender’s Commitment's Commitment Percentage of the face amount of the Letters of Credit outstanding), provided that the sum of the Outstanding Obligations Principal Amount (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Principal Amount. The Loans shall be made pro rata in accordance with each Lender’s 's Commitment Percentage and the Lenders shall at all times immediately adjust inter se any inconsistency between each Lender’s Lender 's outstanding principal amount and each Lender’s 's Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 (S)10 or (S)11 (whichever is applicable) have been satisfied on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Lenders that such conditions have not been satisfied.

Appears in 1 contract

Samples: Credit Agreement (Prime Group Realty Trust)

Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §Section 2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Effective Date and the Maturity Date upon notice by the Borrower to the Agent given in accordance with §Section 2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations (after giving effect to all amounts requested) at any one time equal to such Lender’s 's Commitment, provided that the sum of the Outstanding Obligations (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Amount. The Loans shall be made pro rata in accordance with each Lender’s 's Commitment Percentage and the Lenders shall at all times immediately adjust inter se any inconsistency between each Lender’s 's outstanding principal amount and each Lender’s 's Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 Section 10 or Section 11 (whichever is applicable) have been satisfied on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Lenders that such conditions have not been satisfied.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Sl Green Realty Corp)

Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §2.5 ss.2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Effective Date and the Maturity Date upon notice by the Borrower to the Agent given and approved by the Agent in accordance with §2.5ss.2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations (after giving effect to all amounts requested) at any one time equal to such Lender’s 's Commitment, provided that the sum of the Outstanding Obligations (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Amount. The Loans shall be made pro rata in accordance with each Lender’s 's Commitment Percentage and the Lenders shall at all times immediately adjust inter se any inconsistency between each Lender’s 's outstanding principal amount and each Lender’s 's Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 ss.10 or ss.11 (whichever is applicable) have been satisfied on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Lenders that such conditions have not been satisfied.

Appears in 1 contract

Samples: Credit Loan Agreement (Koger Equity Inc)

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Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §2.5 ss.2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Effective Date and the Maturity Date upon notice by the Borrower to the Agent given and approved by the Agent in accordance with §2.5ss.2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations (after giving effect to all amounts requested) at any one time equal such that such Lender's Credit Exposure (excluding the Competitive Bid Loans owed to such Lender’s ) does not exceed such Lender's Commitment, provided that the sum of the Outstanding Obligations (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Amount. The Loans under this ss.2.1 shall be made pro rata in accordance with each Lender’s 's Commitment Percentage and the Lenders shall at all times immediately adjust inter se any inconsistency between each Lender’s 's outstanding principal amount thereof and each Lender’s 's Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 ss.10 or ss.11 (whichever is applicable) have been satisfied on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Lenders that such conditions have not been satisfied.

Appears in 1 contract

Samples: Credit Agreement (Liberty Property Limited Partnership)

Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §§ 2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow borrow from time to time between from and including the Effective Date to and including the Maturity Funding Expiry Date upon notice by the Borrower to the Agent given in accordance with §§ 2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations (after giving effect to all amounts requested) at any one time equal to such Lender’s 's Commitment, provided that the sum of the Outstanding Obligations (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Amount. The Loans shall be made pro rata in accordance with each Lender’s 's Commitment Percentage and the Lenders shall at all times immediately adjust inter se any inconsistency between each Lender’s 's outstanding principal amount and each Lender’s 's Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 § 10 or § 11 (whichever is applicable) have been satisfied on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Lenders that such conditions have not been satisfied.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Sl Green Realty Corp)

Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §Section 2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Effective Date and the Maturity Date upon notice by the Borrower to the Agent given in accordance with §Section 2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations (after giving effect to all amounts requested) at any one time equal to such Lender’s 's Commitment, provided that the sum of the Outstanding Obligations (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Amount. The Loans shall be made pro rata in accordance with each Lender’s 's Commitment Percentage and the Lenders shall at all times immediately adjust inter se INTER SE any inconsistency between each Lender’s 's outstanding principal amount and each Lender’s 's Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 Section 10 or Section 11 (whichever is applicable) have been satisfied on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Lenders that such conditions have not been satisfied.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Sl Green Realty Corp)

Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §2.5 Section2.5 and the other terms and conditions set forth in this Agreement, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Effective Date and the Maturity Date upon notice by the Borrower to the Agent given and approved by the Agent in accordance with §Section 2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations (after giving effect to all amounts requested) at any one time equal to such Lender’s 's Commitment, provided that the sum of the Outstanding Obligations (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Amount. The Loans shall be made pro rata in accordance with each Lender’s 's Commitment Percentage and the Lenders shall at all times immediately adjust inter se any inconsistency between each Lender’s 's outstanding principal amount and each Lender’s 's Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 Section 10 or Section 11 (whichever is applicable) have been satisfied on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Lenders that such conditions have not been satisfied.

Appears in 1 contract

Samples: Credit Agreement (Liberty Property Limited Partnership)

Commitment to Lend; Limitation on Total Commitment. Subject to the provisions of §2.5 and the other terms and conditions set forth in this Agreement, from and after the Revolving Credit Reinstatement Date, each of the Lenders severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Effective Revolving Credit Reinstatement Date and the Maturity Date upon notice by the Borrower to the Agent given and approved by the Agent in accordance with §2.5, such sums as are requested by the Borrower up to a maximum aggregate principal amount of the Outstanding Obligations (after giving effect to all amounts requested) at any one time equal to such Lender’s Commitment, provided that the sum of the Outstanding Obligations (after giving effect to all amounts requested) shall not at any time exceed the Maximum Credit Amount. The Loans shall be made pro rata in accordance with each Lender’s Commitment Facility Percentage and the Lenders shall at all times immediately adjust inter se any inconsistency between each Lender’s outstanding principal amount and each Lender’s Commitment. Each request for a Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in §00 xx §00 (whichever is applicable) have been satisfied in all material respects on the date of such request and will be satisfied on the proposed Borrowing Date of the requested Loan, provided that the making of such representation and warranty by Borrower shall not limit the right of any Lender not to lend upon a determination by the Requisite Majority Lenders that such conditions have not been satisfied.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amerivest Properties Inc)

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