Common use of Commitments; Credit Facilities Clause in Contracts

Commitments; Credit Facilities. Subject to the limitations set forth in the next sentence, from and including the date of this Agreement and prior to the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Advances, to the extent of such Lender’s Commitment, to the applicable Borrowers. Each Lender agrees, on the terms and conditions set forth herein to make Advances to any Borrower in the applicable Agreed Currency from time to time in amounts not to exceed in the aggregate at any one time outstanding its Commitment, provided that (i) the Aggregate Total Outstandings under the Euro Subfacility shall at no time exceed the Euro Subfacility Limit, (ii) the Aggregate Total Outstandings under the Singapore Subfacility shall at no time exceed the Singapore Subfacility Limit, (iii) the Aggregate Total Outstandings under the Hong Kong Subfacility shall at no time exceed the Hong Kong Subfacility Limit, (iv) the Aggregate Total Outstandings under the Japan Subfacility shall at no time exceed the Japan Subfacility Limit and (v) the Aggregate Total Outstandings shall at no time exceed the lesser of (x) the Borrowing Base and (y)

Appears in 2 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement (Richardson Electronics LTD/De)

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Commitments; Credit Facilities. Subject to the limitations set forth in the next sentence, from and including the date of this Agreement and prior to the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Advances, to the extent of such Lender’s Commitment, to the applicable Borrowers. Each Lender agrees, on the terms and conditions set forth herein to make Advances to any Borrower in the applicable Agreed Currency from time to time in amounts not to exceed in the aggregate at any one time outstanding its Commitment, provided that (i) the Aggregate Total Outstandings under the Euro Subfacility shall at no time exceed the Euro Subfacility Limit, (ii) the Aggregate Total Outstandings under the Singapore Subfacility shall at no time exceed the Singapore Subfacility Limit, (iii) the Aggregate Total Outstandings under the Hong Kong Subfacility shall at no time exceed the Hong Kong Subfacility Limit, (iv) the Aggregate Total Outstandings under the Japan Subfacility shall at no time exceed the Japan Subfacility Limit and (viv) the Aggregate Total Outstandings shall at no time exceed the lesser of (x) the Borrowing Base and (y)

Appears in 1 contract

Samples: Revolving Credit Agreement (Richardson Electronics LTD/De)

Commitments; Credit Facilities. Subject to the limitations set forth in the next sentence, from and including the date of this Agreement and prior to the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Advances, to the extent of such Lender’s Commitment, to the applicable Borrowers. Each Lender agrees, on the terms and conditions set forth herein to make Advances to any Borrower in the applicable Agreed Currency from time to time in amounts not to exceed in the aggregate at any one time outstanding its Commitment, provided that (i) the Aggregate Total Outstandings under the Euro Subfacility shall at no time exceed the Euro Subfacility Limit, (ii) the Aggregate Total Outstandings under the Singapore Subfacility shall at no time exceed the Singapore Subfacility Limit, (iii) the combined Aggregate Total Outstandings under the Hong Kong Euro Subfacility and the Singapore Subfacility shall at no time exceed the Hong Kong Subfacility Limit, (iv) the Aggregate Total Outstandings under the Japan Subfacility shall at no time exceed the Japan Combined Euro/Singapore Subfacility Limit and (viv) the Aggregate Total Outstandings shall at no time exceed the lesser of (x) the the Borrowing Base and (y)

Appears in 1 contract

Samples: Revolving Credit Agreement (Richardson Electronics LTD/De)

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Commitments; Credit Facilities. Subject to the limitations set forth in the next sentence, from and including the date of this Agreement and prior to the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Advances, to the extent of such Lender’s Commitment, to the applicable Borrowers. Each Lender agrees, on the terms and conditions set forth herein to make Advances to any Borrower in the applicable Agreed Currency from time to time in amounts not to exceed in the aggregate at any one time outstanding its Commitment, provided that (i) the Aggregate Total Outstandings under the Euro Euro, Subfacility shall at no time exceed the Euro Subfacility Limit, (ii) the Aggregate Total Outstandings under the Singapore Subfacility shall at no time exceed the Singapore Subfacility Limit, and (iii) the Aggregate Total Outstandings under the Hong Kong Subfacility shall at no time exceed the Hong Kong Subfacility Limit, (iv) the Aggregate Total Outstandings under the Japan Subfacility shall at no time exceed the Japan Subfacility Limit and (v) the Aggregate Total Outstandings shall at no time exceed the lesser of (x) the the Borrowing Base and (y)) the Aggregate Commitment. Subject to the terms of this Agreement, any Borrower may borrow, repay and reborrow at any time prior to the Facility Termination Date. The Commitments to lend hereunder shall expire on the Facility Termination Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Richardson Electronics LTD/De)

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