Commitments and Credit Extensions Sample Clauses
The 'Commitments and Credit Extensions' clause defines the lender's obligation to provide funds or credit to the borrower under the terms of the agreement. It typically outlines the maximum amount available, the conditions under which advances or loans may be requested, and any limitations or requirements for disbursement. This clause ensures both parties understand the scope and process for accessing credit, thereby providing clarity and predictability in the lending relationship.
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Commitments and Credit Extensions. 2.01 Loans 32 2.02 Borrowings, Conversions and Continuations of Committed Loans 33 2.03 Letters of Credit and Bankers’ Acceptances 35 2.04 Swing Line Loans 47
Commitments and Credit Extensions. 33 Loans ......................................................................................................................33 Borrowings, Conversions and Continuations of Loans .........................................33
Commitments and Credit Extensions. 2.01Loans.
Commitments and Credit Extensions. 2.01 Revolving and Term Loans
Commitments and Credit Extensions. 2.01 Loans. 4647 2.02 Borrowings, Conversions and Continuations of Loans. 4648
Commitments and Credit Extensions. 20 2.01 Term Borrowing.....................................................................................20 2.02 Borrowings, Conversions and Continuations of Term Loans................20 2.03 Prepayments21 2.04 Termination of Term Commitment.........................................................21 2.05 Repayment of Term Loans.....................................................................22 2.06 Interest and Default Rate........................................................................22 2.07 Fees........................................................................................................22 2.08 Computation of Interest and Fees..........................................................22
Commitments and Credit Extensions. The Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Outstandings shall not exceed the Borrowing Base, and (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment. Within the limits of the Borrowing Base, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Revolving Credit Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, any Revolving Credit Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a funding indemnity letter acceptable to the Administrative Agent not less than three (3) Business Days prior to the date of such Revolving Credit Borrowing.
Commitments and Credit Extensions. 2.01 Commitments
(a) Revolving Commitments. During the Commitment Period,
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Commitments and Credit Extensions. 48 Section 2.01 Term Loans and Revolving Loans...................................... 48 Section 2.02 Borrowings, Conversions and Continuations of Senior Loans........... 50 Section 2.03 Letters of Credit................................................... 52 Section 2.04 Swing Line Loans.................................................... 62 Section 2.05 Prepayments......................................................... 65 Section 2.06 Termination or Reduction of Commitments............................. 70 Section 2.07 Repayment of Senior Loans........................................... 71 Section 2.08 Interest............................................................ 71 Section 2.09 Fees................................................................ 72 Section 2.10 Computation of Interest and Fees.................................... 73 Section 2.11 Evidence of Debt.................................................... 73