Common use of Commitment to Lend Clause in Contracts

Commitment to Lend. Subject to the terms and conditions set forth in ------------------ this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from the Closing Date up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with (S)2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Commitment minus such Bank's Commitment Percentage of the sum of ----- the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, provided -------- that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus the Maximum Drawing Amount and all ---- Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (a) the Total Commitment and (b)

Appears in 5 contracts

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Acquisition Loan Agreement (Jackson Products Inc), Revolving Credit and Term Loan Agreement (Mapics Inc)

AutoNDA by SimpleDocs

Commitment to Lend. Subject to the terms and conditions set forth in ------------------ this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from the Closing Date up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with (S)2.6Section 2.6, such sums in Dollars and/or at the Borrower's option from time to time, subject to Section 2.9 hereof, in an Optional Currency, as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Commitment minus such Bank's Commitment Percentage of the sum of ----- the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, provided -------- that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus the Maximum Drawing Amount and all ---- Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (a) the Total Commitment and (b)except as expressly permitted by Section 2.9.4

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp Inc)

Commitment to Lend. Subject to the terms and ------------------- conditions set forth in ------------------ this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from the Closing Date up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with (S)2.6ss.2.5, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Commitment minus such Bank's Commitment Percentage of the sum of ----- the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, ; provided -------- that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus the Maximum Drawing Amount and all ---- Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (ai) the Total Commitment and (bii)

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

Commitment to Lend. Subject to the terms and conditions set forth in ------------------ this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from between the Closing Date up to but not including and the Revolving Credit Loan Tranche A Maturity Date upon notice by the Borrower to the Administrative Agent given in accordance with (S)2.6Section 2.3 hereof, such sums as are requested by the Borrower up to a maximum aggregate principal amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's the Tranche A Commitment Amount minus such Bank's Commitment Percentage of the sum of ----- (a) the Maximum Drawing Amount and plus (b) all Unpaid Reimbursement Obligations; provided that, provided -------- that the sum of with respect to each Bank, the outstanding amount of the Revolving Credit Tranche A Loans (after giving effect to all amounts requested) made by such Bank plus such Bank's Commitment Percentage of the sum of the Maximum Drawing Amount and all ---- Unpaid Reimbursement Obligations shall not at any time exceed such Bank's Commitment Percentage of the lesser of (a) the Total Commitment and (b)Tranche A

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp)

Commitment to Lend. Subject to the terms and conditions set forth in ------------------ this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from the Closing Date up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with (S)2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Commitment minus such Bank's Commitment Percentage of the sum of ----- the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, provided -------- that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus the Maximum Drawing Amount and all ---- Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (ai) the Total Commitment and (bii)

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)

Commitment to Lend. Subject to the terms and conditions set forth in ------------------ this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from between the Closing Date up to but not including and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Administrative Agent given in accordance with (S)2.6Section 5.3, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Commitment minus such Bank's Commitment Percentage of the sum of ----- (a) the Fair Market Value of Consigned Precious Metal, and (b) the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, provided -------- that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus the Fair Market Value of Consigned Precious Metal plus the Maximum Drawing Amount and all ---- Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (ai) the Total Revolver Commitment and (bii)

Appears in 1 contract

Samples: Revolving Credit and Gold Consignment Agreement (Whitehall Jewellers Inc)

Commitment to Lend. Subject to Upon the terms and subject to the conditions set forth in of ------------------ this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and Borrowers such sums that the Borrower Borrowers may borrowrequest, repay, and reborrow from time to time from the Closing Date up to until but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with (S)2.6Date, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Revolving Credit Loan Commitment minus such Bank's ----- Commitment Percentage of the sum of ----- the Maximum Drawing Amount and all Unpaid Reimbursement ObligationsObligations pertaining to Letters of Credit, provided -------- that the sum -------- of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus the Maximum Drawing Amount and all Unpaid ---- Unpaid Reimbursement Obligations pertaining to all Letters of Credit shall not at any time exceed the lesser of (a) the Total Revolving Credit Commitment and (b)) the Borrowing Base. Revolving Credit Loans shall be in the minimum aggregate amount of $100,000 or an integral multiple thereof.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (CMG Information Services Inc)

Commitment to Lend. Subject to the terms and conditions set forth in ------------------ this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from the Closing Date up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with (S)2.6ss.2.5, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Commitment minus such Bank's Commitment Percentage of the sum of ----- the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, provided -------- that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus the Maximum Drawing Amount and all ---- Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (ai) the Total Commitment and (bii)

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

AutoNDA by SimpleDocs

Commitment to Lend. Subject to the terms and conditions set forth ------------------ in ------------------ this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from the Closing Date up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with (S)2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Commitment minus such Bank's Commitment Percentage of the sum of ----- the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, provided -------- that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus the Maximum Drawing Amount and all ---- Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (a) the Total Commitment and (b)

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)

Commitment to Lend. Subject to the terms and conditions set forth in this ------------------ this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from between the Closing Date up to but not including and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with (S)2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Commitment minus such Bank's Revolving Credit Loan Commitment Percentage of the ----- sum of ----- the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, provided -------- that the sum of the outstanding amount of the Revolving Credit Loans -------- (after giving effect to all amounts requested) plus the Maximum Drawing Amount ---- and all ---- Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (a) the Total Commitment and (b)

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Petro Stopping Centers L P)

Commitment to Lend. Subject to the terms and conditions set forth in ------------------ this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from the Closing Date up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with (S)2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Commitment minus such Bank's Commitment Percentage of the sum of ----- the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, provided -------- that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus the Maximum Drawing Amount and all ---- Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (ai) the Total Commitment and (bii)

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)

Commitment to Lend. Subject to the terms and conditions set forth in ------------------ this Credit Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from the Closing Date up to but not including the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Loan and Collateral Agent given in accordance with (S)2.6, such sums as are requested by the Borrower up to a maximum aggregate amount outstanding (after giving effect to all amounts requested) at any one time equal to such Bank's Commitment minus such Bank's Commitment ----- Percentage of the sum of ----- the Maximum Drawing Amount and all Unpaid Reimbursement Obligations, provided -------- that the sum of the outstanding amount of the Revolving -------- Credit Loans (after giving effect to all amounts requested) plus the Maximum ---- Drawing Amount and all ---- Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (ai) the Total Commitment and (bii)

Appears in 1 contract

Samples: Revolving Credit Agreement (California Steel Industries Inc)

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