Common use of COMMITMENT; USE OF PROCEEDS Clause in Contracts

COMMITMENT; USE OF PROCEEDS. (a) Subject to and upon the terms and conditions herein set forth, the Lender agrees to make to Borrower from time to time on and after the Closing Date, but prior to the Maturity Date, Revolving Loans in an aggregate amount outstanding at any time not to exceed the Lender’s Revolving Loan Commitment. Borrower shall be entitled to borrow, repay and reborrow Revolving Loans in accordance with the provisions hereof.

Appears in 3 contracts

Samples: Revolving and Term Loan Agreement, Revolving and Term Loan Agreement (Brown & Brown Inc), Revolving Loan Agreement (Brown & Brown Inc)

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COMMITMENT; USE OF PROCEEDS. (a) Subject to and upon the terms and conditions herein set forth, the Lender agrees to make to Borrower from time to time on and after the Closing Date, but prior to the Maturity Date, Revolving Loans in an aggregate amount outstanding at any time not to exceed the Lender’s 's Revolving Loan Commitment. Borrower shall be entitled to borrow, repay and reborrow Revolving Loans in accordance with the provisions hereof.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Brown & Brown Inc), Revolving and Term Loan Agreement (Brown & Brown Inc)

COMMITMENT; USE OF PROCEEDS. (a) Subject to and upon the terms and conditions herein set forth, the each Lender severally agrees to make to Borrower from time to time on and after the Closing Date, but prior to the Maturity Termination Date, Revolving Loans in an aggregate amount outstanding at any time not to exceed the such Lender’s Revolving Loan 's Commitment. Borrower shall be entitled to borrow, repay and reborrow Revolving Loans in accordance with the provisions hereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Oneita Industries Inc)

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COMMITMENT; USE OF PROCEEDS. (a) Subject to and upon the terms and conditions herein set forth, the each Lender severally agrees to make to Borrower from time to time on and after the Closing Date, but prior to the Maturity Termination Date, Revolving Loans in an aggregate amount outstanding at any time not to exceed the such Lender’s 's Revolving Loan Commitment. Borrower shall be entitled to borrow, repay and reborrow Revolving Loans in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Hughes Supply Inc)

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