Commitments to Lend; Notes Sample Clauses
Commitments to Lend; Notes. Subject to the terms and conditions hereof, each Lender agrees to make loans to Borrower (herein called such Lender’s “Loans”) upon Borrower’s request from time to time during the Commitment Period, provided that (a) subject to Sections 3.3, 3.4 and 3.6, Loans of the same Type shall be made by Lenders in accordance with their respective Percentage Shares and as part of the same Borrowing, and (b) after giving effect to such Loans, the Facility Usage does not exceed the Borrowing Base then in effect. The aggregate amount of all Base Rate Loans (other than Loans made pursuant to Section 2.12(b)) in any Borrowing must be greater than or equal to $500,000 or any higher integral multiple of $100,000 or must equal the remaining availability under the Borrowing Base. The aggregate amount of all Eurodollar Rate Loans (other than Loans made pursuant to Section 2.12(b)) in any Borrowing must be greater than or equal to $1,000,000 or any higher integral multiple of $1,000,000 or must equal the remaining availability under the Borrowing Base. Borrower may have no more than ten Borrowings of Eurodollar Loans outstanding at any time. The obligation of Borrower to repay to each Lender the aggregate amount of all Loans made by such Lender, together with interest accruing in connection therewith, shall be evidenced by a single promissory note (herein called such Lender’s “Note”) made by Borrower payable to such Lender or its registered assigns in the form of Exhibit A with appropriate insertions. The amount of principal owing on any Lender’s Note at any given time shall be the aggregate amount of all Loans theretofore made by such Lender minus all payments of principal theretofore received by such Lender on such Note. Interest on each Note shall accrue and be due and payable as provided herein. Each Note shall be due and payable as provided herein, and shall be due and payable in full on the Maturity Date. Subject to the terms and conditions hereof, Borrower may borrow, repay, and reborrow hereunder.
Commitments to Lend; Notes. Subject to the terms and conditions set forth herein, each Lender agrees to make a Loan (each a “Loan”) to the Borrower on or before the date hereof in an aggregate principal amount equal to such Lender’s Commitment. The Commitments are not revolving and amounts repaid or prepaid may not be reborrowed under any circumstance. Any Commitment not drawn by Borrower on or before the date hereof shall be permanently cancelled. The obligation of Borrower to repay to each Lender the aggregate amount of all Loans made by such Lender, together with interest accruing in connection therewith, shall be evidenced by a single Note made by Borrower payable to such Lender or its registered assigns in the form of Exhibit A with appropriate insertions. The amount of principal owing on any Lender’s Note at any given time shall be the aggregate amount of all Loans theretofore made by such Lender minus all payments of principal theretofore received by such Lender on such Note.
Commitments to Lend; Notes. Subject to the terms and conditions hereof, each Lender agrees to make loans to the Borrower (herein called such Lender's "
Commitments to Lend; Notes. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a loan to Borrower in an amount equal to such Lender’s Commitment (each, a “Loan”). Any amount borrowed under this Section 2.1 and subsequently repaid or prepaid may not be reborrowed. The obligation of Borrower to repay to each Lender the aggregate amount of all Loans made by such Lender, together with interest accruing in connection therewith, shall be evidenced by a single promissory note (herein called such Lender’s “Note”) made by Borrower payable to the order of such Lender in the form of Exhibit A with appropriate insertions. The amount of principal owing on any Lender’s Note at any given time shall be the aggregate amount of all Loans theretofore made by such Lender minus all payments of principal theretofore received by such Lender on such Note. Interest on each Note shall accrue and be due and payable as provided herein. Each Note shall be due and payable as provided herein, and shall be due and payable in full on the Maturity Date.
Commitments to Lend; Notes. Subject to the terms and conditions set forth herein, each Lender agrees to make loans to Borrower (herein called such Lender’s “Loans”) upon Borrower’s request from time to time during the Commitment Period; provided that (a) subject to Sections 2.16 and 2.19, Loans of the same Type shall be made by Lenders in accordance with their respective Pro Rata Shares and as part of the same Borrowing, and (b) after giving effect to such Loans, the Facility Usage does not exceed the Aggregate Commitment then in effect. The aggregate amount of all Loans (other than Loans made pursuant to Section 2.12) in any Borrowing must be greater than or equal to (a) in the case of LIBOR Loans, $1,000,000 or any higher integral multiple of $100,000, (b) in the case of Base Rate Loans, $200,000 or any higher integral multiple of $100,000, or (c) must equal the remaining Unused Availability. Interest on each Loan shall accrue and be due and payable as provided
Commitments to Lend; Notes. Subject to the terms and -------------------------- conditions hereof, each Bank agrees to make loans to Borrower (herein called such Bank's "Loans") upon Borrower's request from time to time during the Commitment Period, provided that (a) subject to Sections 3.3, 3.4 and 3.6, all Banks are requested to make Loans of the same Type in accordance with their respective Percentage Shares and as part of the same Borrowing, and (b) after giving effect to such Loans, the Facility Usage does not exceed the Borrowing Base determined as of the date on which the requested Loans are to be made. The aggregate amount of all Loans in any Borrowing must be greater than or equal to $1,000,000 or must equal the remaining availability under the Borrowing Base. Borrower may have no more than six Borrowings of Eurodollar Loans outstanding at any time. The obligation of Borrower to repay to each Bank the aggregate amount of all Loans made by such Bank, together with interest accruing in connection therewith, shall be evidenced by a single promissory note (herein called such Bank's "Note") made by Borrower payable to the order of such Bank in the form of Exhibit A with appropriate insertions. The amount of principal owing on any Bank's Note at any given time shall be the aggregate amount of all Loans theretofore made by such Bank minus all payments of principal
Commitments to Lend; Notes. The first sentence of Section 2.1 of the Original Agreement is hereby amended in its entirety to read as follows: "Subject to the terms and conditions hereof, each Bank agrees to make loans to Borrower (herein called such Bank's 'Loans') upon Borrower's request from time to time during the Commitment Period, provided that (a) subject to Sections 3.3, 3.4 and 3.6, all Banks are requested to make Loans of the same Type in accordance with their respective Percentage Shares and as part of the same Borrowing, (b) the sum of (i) the aggregate amount of such Bank's Loans outstanding at any time plus (ii) the Maximum Drawing Amount for which such Bank is liable to purchase participations under Section 9.5, plus (iii) the Matured LC Obligations which have been funded by such Bank under such section, does not exceed such Bank's Percentage Share of the Borrowing Base determined as of the date on which the requested Loan is to be made, and (c) after giving effect to such Loans, the aggregate amount of all Loans plus all LC Obligations does not exceed the Borrowing Base determined as of the date on which the requested Loans are to be made."
Commitments to Lend; Notes. Subject to the terms and conditions hereof, each Lender agrees to make loans to Borrower (herein called such Lender's "Loans") upon Borrower's request from time to time during the Commitment Period, provided that (a) subject to Sections 3.3, 3.4 and 3.6, all Lenders are requested to make Loans of the same Type in accordance with their respective Percentage Shares and as part of the same Borrowing, and (b) after giving effect to such Loans, the Facility Usage does not exceed the Borrowing Base determined as of the date on which the requested Loans are to be made. The aggregate amount of all Loans in any Borrowing must be greater than or equal to $500,000 or must equal the remaining availability under the Borrowing Base. Borrower may have no more than five Borrowings of Eurodollar Loans outstanding at any time and the amount of each Eurodollar Loan must equal $500,000 or any higher integral multiple of $100,000. The obligation of Borrower to repay to each Lender the aggregate amount of all Loans made by such Lender, together with interest accruing in connection therewith, shall be evidenced by a single
Commitments to Lend; Notes. Subject to the terms and conditions hereof, each Lender agrees to make advances to Borrower (herein called such Lender's "LOANS") upon request from time to time during the Commitment Period so long as (i) each Loan by such Lender does not exceed such Lender's Percentage Share of the aggregate amount of Loans then
Commitments to Lend; Notes. The last sentence in Section 2.1 of the Original Agreement is hereby amended in its entirety to read as follows: "After June 1, 2000, no new Loans shall be made under this Agreement."