Commitments for Loans. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make a loan or loans (each a "Loan" and, collectively, the "Loans") to the Borrower, which Loans shall be drawn, to the extent such Lender has a Commitment under a Facility for the Borrower, under the applicable Facility, as set forth below:
Commitments for Loans. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make a loan or loans (each a "LOAN" and, collectively, the "LOANS") to the Borrower, which Loans shall be drawn, to the extent such Lender has a commitment under a Facility for the Borrower, under the applicable Facility, as set forth below:
Commitments for Loans. 17 2.2. MINIMUM BORROWING AMOUNTS, ETC.; PRO RATA BORROWINGS.........18 2.3.
Commitments for Loans. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make a loan or loans (each a "LOAN" and, collectively, the "LOANS") to the Borrower, which Loans shall be drawn in accordance with the following provisions:
(a) Loans may be incurred by the Borrower at any time and from time to time on and after the Closing Date and prior to the Maturity Date;
(b) except as otherwise provided, Loans may, at the option of the Borrower, be incurred and maintained as, or converted into, Loans which are Prime Rate Loans or Eurodollar Loans, in each case denominated in Dollars, PROVIDED that all Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of Loans of the same Type;
(c) Loans may be repaid or prepaid and reborrowed in accordance with the provisions hereof;
(d) if as of the end of the Borrower's most recent fiscal quarter the Borrower's Gross Recoveries in Process at the end of such fiscal quarter are less than the Minimum Gross Recoveries in Process at such time, no additional Loans may be incurred if after giving effect thereto the sum of the aggregate outstanding Loans and the Letter of Credit Outstandings would exceed 5% of the Borrower's Gross Recoveries in Process as of the end of such fiscal quarter;
(e) if at the time any Loan is to be incurred the Borrower is then obligated to make at such time or thereafter prepayments of Loans under section 5.2(c) in respect of the Excess Amount, the amount otherwise available to be borrowed hereunder shall be reduced by the full original balance of the Excess Amount (without regard to the amount of prepayments of Loans which have already been made under section 5.2(c) in respect of such Excess Amount), but no such reduction shall be taken into account for purposes of section 4.1(a) hereof); and
(f) Loans made by any Lender shall not exceed for such Lender at any time outstanding that aggregate principal amount which, when added to the product at such time of (i) such Lender's Percentage, TIMES (ii) the aggregate Letter of Credit Outstandings, equals the Commitment of such Lender at such time.
Commitments for Loans. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make a revolving loan or revolving loans (each a “Loan” and, collectively, the “Loans”) to the Borrower, which Loans (a) may be incurred by the Borrower at any time and from time to time on and after the Closing Date and prior to the Maturity Date; (b) except as otherwise provided herein, may, at the option of the Borrower, be incurred and maintained as, or Converted into, Loans that are Base Rate Loans or Eurodollar Loans, in each case denominated in Dollars, provided that all Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of Loans of the same Type; (c) may be repaid or prepaid and re-borrowed in accordance with the provisions hereof; and (d) shall not be made if, after giving effect to any such Loan, (i) the Revolving Facility Exposure of any Lender would exceed such Lender’s Commitment, (ii) the Aggregate Revolving Facility Exposure would exceed the Total Commitment, or (iii) the Borrower would be required to prepay Loans or cash collateralize Letters of Credit pursuant to 4.3(a).
Commitments for Loans. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make a loan or loans (each a "LOAN" and, collectively, the "LOANS") to the Borrower, which Loans shall be drawn in accordance with the following provisions:
(a) Loans may be incurred by the Borrower at any time and from time to time on and after the Closing Date and prior to the Maturity Date;
(b) except as otherwise provided, Loans may, at the option of the Borrower, be incurred and maintained as, or converted into, Loans which are Prime Rate Loans or Eurodollar Loans, in each case denominated in Dollars, PROVIDED that all Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of Loans of the same Type;
(c) Loans may be repaid or prepaid and reborrowed in accordance with the provisions hereof; and
(d) Loans made by any Lender shall not exceed for such Lender at any time outstanding that aggregate principal amount which, when added to the product at such time of (i) such Lender's Percentage, TIMES (ii) the aggregate Letter of Credit Outstandings, equals the Commitment of such Lender at such time.
Commitments for Loans. Subject to the terms and conditions --------------------- hereof, each Lender severally and not jointly agrees to make one or more loans (each a "Loan") to the Borrower from time to time before the Commitment Termination Date on a revolving basis in an aggregate amount not to exceed at any time outstanding an amount equal to its Commitment, subject to any reductions thereof pursuant to the terms of this Agreement; provided, however, that no Lender shall be permitted or required to make any Loan if, after giving effect thereto, (i) the aggregate principal amount of the Loans of all Lenders would thereby exceed the Revolving Credit Commitment Amount then in effect; or (ii) the Revolving Credit Obligations of such Lender would thereby exceed its Commitment then in effect. Each Borrowing shall be made ratably from the Lenders in proportion to their respective Percentages. Loans may be repaid, in whole or in part, and all or any portion of the principal amount thereof reborrowed, before the Commitment Termination Date, subject to the terms and conditions hereof. Funding of all Loans shall be in Dollars.
Commitments for Loans. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan (each such term loan, a “Loan” and, collectively, the “Loans”) to the Borrower in an amount not to exceed such Lender’s Commitment. The Borrower may make only one borrowing under the Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1 subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.9 and 2.10, all amounts owed hereunder with respect to the Loans shall be paid in full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the earlier of (x) the Closing Date after giving effect to the funding of such Lender’s Commitment on such date and (y) July 21, 2008.
Commitments for Loans. COMPANY TO ACT ON BEHALF OF ALL BORROWERS; MINIMUM BORROWING AMOUNTS, ETC.................................................................19 2.2. PROJECT QUALIFICATION; APPROVAL OF PROJECT PACKAGES BY REQUIRED LENDERS, ETC...................22 2.3. DRAW
Commitments for Loans. 19 2.2. Procedures for Borrowing.......................................................................20 2.3.
