Common use of Commitment to Make Revolving Loans Clause in Contracts

Commitment to Make Revolving Loans. Subject to all of the terms and conditions of this Agreement (including the conditions set forth in Sections 6.1 and 6.2) and in reliance upon the representations and warranties of the Borrower herein set forth, each Lender hereby severally agrees to make Revolving Loans to the Borrower from time to time during the Commitment Period, in amounts up to its respective Revolving Credit Commitment, for the purposes identified in Section 2.11; provided, however, that in no event shall (a) the aggregate principal amount of the Revolving Loans made by any Lender outstanding at any time exceed such Lender's Revolving Credit Commitment, or (b) the aggregate principal amount of the Revolving Loans made by all Lenders outstanding at any time exceed the Revolving Credit Commitments then in effect, or (c) the aggregate principal amount of Swingline Loans, Revolving Loans and Letter of Credit Liabilities outstanding at any time exceed an amount equal to the lesser of (x) the sum of the Revolving Credit Commitments, the Swingline Commitments and the Letter of Credit Commitments in effect at such time and (y) amount of the Borrowing Base in effect at such time. Each Lender's Revolving Credit Commitment shall expire upon the expiration of the Commitment Period, and all Revolving Loans shall be paid in full no later than the Maturity Date; provided, however, that on or prior to the first annual anniversary date of this Agreement, the Lenders may, in their sole discretion, elect to extend the Maturity Date for an additional one year period.

Commitment to Make Revolving Loans. Subject to all of the terms and conditions of this Agreement (including the conditions set forth in Sections 6.1 and 6.2) and in reliance upon the representations and warranties of the Borrower herein set forthforth herein, each Lender holding a Revolving Credit Commitment hereby severally agrees to make Revolving Loans to the Borrower from time to time during the Revolving Credit Commitment Period, in amounts up to its respective Percentage of the aggregate Revolving Credit CommitmentCommitments, for the purposes identified in Section 2.112.12; provided, however, that in no event shall that: (a) the aggregate principal amount of the Revolving Loans made by any Lender that are outstanding at any time shall not exceed such Lender's Revolving Credit Commitment, or , (b) the aggregate principal amount of the Revolving Loans made by all Lenders that are outstanding at any time shall not exceed the Revolving Credit Commitments then in effect, or and (c) the aggregate principal amount of Swingline Loans, the Revolving Loans and Letter of Credit Liabilities that are outstanding at any time shall not exceed an amount equal to the lesser of (x) the sum of the Revolving Credit Commitments, the Swingline Commitments and the Letter of Credit Commitments in effect at such time and (y) amount of the Borrowing Base in effect at such timeFacility Base. Each Lender's Revolving Credit Commitment shall expire upon the expiration of the Revolving Credit Commitment Period, and all Revolving Loans shall be paid in full no later than the Revolving Credit Maturity Date; provided, however, that on or prior to the first annual anniversary date of this Agreement, the Lenders may, in their sole discretion, elect to extend the Maturity Date for an additional one year period.

Commitment to Make Revolving Loans. Subject to all of the terms and conditions of this Agreement (including the conditions set forth in Sections 6.1 and 6.2) and in reliance upon the representations and warranties of the Borrower herein set forth, each Lender holding a Revolving Credit Commitment hereby severally agrees to make Revolving Loans to the Borrower from time to time during the Revolving Credit Commitment Period, in amounts up to its respective Percentage of the aggregate Revolving Credit CommitmentCommitments, for the purposes identified in Section 2.112.12; provided, however, that in no event shall that: (a) the aggregate principal amount of the Revolving Loans made by any Lender that are outstanding at any time shall not exceed such Lender's Revolving Credit Commitment, or , (b) the aggregate principal amount of the Revolving Loans made by all Lenders and the Swingline Loans made by the Swingline Lender that are outstanding at any time shall not exceed the Revolving Credit Commitments then in effect, or , (c) prior to the first day after June 1, 2004 on which the Borrower has delivered to the Administrative Agent a Credit Facility Base Certificate as required by Section 8.1.4, the aggregate principal amount of the Revolving Loans made by all Lenders and the Swingline LoansLoans made by the Swingline Lender that are outstanding at any time shall not exceed $10,000,000, (d) on and after the date described in the preceding clause (c) and prior to the day that is eighteen (18) months after the date of this Agreement, the aggregate principal amount of the Revolving Loans made by all Lenders, Swingline Loans made by the Swingline Lender and Letter of Credit Liabilities that are outstanding at any time shall not exceed the Credit Facility Base, and (e) on and after the day that is eighteen (18) months after the date of this Agreement, the aggregate principal amount of the Loans and Letter of Credit Liabilities that are outstanding at any time shall not exceed an amount equal to the lesser of (x) the sum of the Revolving Credit Commitments, the Swingline Commitments and the Letter of Credit Commitments in effect at such time and (y) amount of the Borrowing Base in effect at such timeFacility Base. Each Lender's Revolving Credit Commitment shall expire upon the expiration of the Revolving Credit Commitment Period, and all Revolving Loans shall be paid in full no later than the Maturity Date; provided, however, that on or prior to the first annual anniversary date of this Agreement, the Lenders may, in their sole discretion, elect to extend the Maturity Date for an additional one year period.