Common use of Commitments to Lend Clause in Contracts

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $5,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a), repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination Date.

Appears in 4 contracts

Samples: Credit Agreement (Us West Inc), Credit Agreement (Us West Inc), Credit Agreement (Usw-C Inc)

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Commitments to Lend. (a) The Commitments. During the Revolving Credit Period Availability Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans in Dollars to the Borrower or any Additional Borrower pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount Dollar Equivalent of Committed Loans the Revolving Exposure by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Available Commitments. Within the foregoing limits, the Borrower or any Additional Borrower may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Availability Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 3 contracts

Samples: Credit Agreement (Ingersoll-Rand PLC), Credit Agreement (Ingersoll-Rand PLC), Credit Agreement (Ingersoll-Rand PLC)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period Availability Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans in Dollars to the any Borrower or any Additional Borrower pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount Dollar Equivalent of Committed Loans the Revolving Exposure by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Available Commitments. Within the foregoing limits, the any Borrower or any Additional Borrower may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Availability Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Trane Technologies PLC), Credit Agreement (Ingersoll-Rand PLC), Credit Agreement (Ingersoll-Rand PLC)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) Section from time to time in amounts during the Revolving Credit Period; PROVIDED that, immediately after each such that loan is made, (i) the aggregate outstanding principal amount of such Bank's Committed Loans by such Bank at any one time shall not exceed its Commitment and (ii) the aggregate outstanding to principal amount of all the Borrower Loans shall not exceed the aggregate amount of its Commitmentthe Commitments. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available within the limitations in accordance with Section 3.02(c)the foregoing proviso) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or prepay Loans to the extent permitted by Section 2.11, prepay Loans 2.11 and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 3 contracts

Samples: Credit Agreement (Thomas & Betts Corp), Credit Agreement (Thomas & Betts Corp), Credit Agreement (Thomas & Betts Corp)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) Section from time to time in amounts such requested by the Borrower, provided that the sum of the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to and such Bank's ratable share of the Borrower Letter of Credit Outstandings at such time shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 1,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c4.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans Loans, and reborrow re-borrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 3 contracts

Samples: Credit Agreement (Valero Energy Corp), Credit Agreement (Valero Refining & Marketing Co), Credit Agreement (Valero Energy Corp/Tx)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower Company pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower Company shall not exceed the amount of its Commitmentsuch Bank's Commitment at such time. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be be, subject to the other terms hereof, in the aggregate amount available in accordance with Section 3.02(c)of the remaining unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower Company may borrow under this subsection Section, repay (awhether pursuant to Section 2.10 or otherwise), repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 2 contracts

Samples: Credit Agreement (Union Texas Petroleum Holdings Inc), Credit Agreement (Union Texas Petroleum Holdings Inc)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower Company pursuant to this subsection (a) from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower Company shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $5,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower Company may borrow under this subsection (a), repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (U S West Inc /De/), Credit Agreement (U S West Communications Inc)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period Term, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. The aggregate amount of Loans to be made hereunder shall not exceed the Maximum Loan Amount. At no time shall there be more than ten (10) Euro-Dollar Loans outstanding. Each Borrowing under this Section subsection (a) shall be in an aggregate principal amount of not less than $25,000,000 5,000,000, or any larger an integral multiple of $5,000,000 1,000,000 in excess thereof (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.2(c)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Upon the expiration of the Term, the Banks shall have no further obligation to make loans to Borrower. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or to the extent required by Section 2.9 or permitted by Section 2.112.10, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateTerm.

Appears in 2 contracts

Samples: Credit Agreement (Amb Property Corp), Credit Agreement (Amb Property Corp)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) Section from time to time in amounts during the Revolving Credit Period; provided that, immediately after each such that loan is made, (i) the aggregate outstanding principal amount of such Bank's Committed Loans by such Bank at any one time shall not exceed its Commitment and (ii) the aggregate outstanding to principal amount of all the Borrower Loans shall not exceed the aggregate amount of its Commitmentthe Commitments. Each Borrowing under this Section 2.01 shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $5,000,000 (except that any such Borrowing may be in the aggregate amount available within the limitations in accordance with Section 3.02(c)the foregoing proviso) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or prepay Loans to the extent permitted by Section 2.11, prepay Loans 2.12 and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Guidant Corp), Credit Agreement (Guidant Corp)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period Period, each Bank Revolving Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) Section from time to time in amounts such that (i) such Lender’s Outstanding Revolving Committed Amount shall not exceed its Revolving Commitment and (ii) the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower Total Outstanding Revolving Amount shall not exceed the amount of its CommitmentTotal Revolving Commitments. Within the foregoing limits, the Borrower may borrow under this Section, prepay Revolving Loans to the extent permitted by Section 2.09 and reborrow at any time during the Revolving Credit Period under this Section. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 5,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c)3.02) and shall be made from the several Banks ratably Revolving Lenders in proportion respective amounts equal to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a), repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close Applicable Percentages of business on the Termination Datesuch Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank (including its Designated Lenders, if any) at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $5,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.02(b)) and shall be made from the several Banks (and their Designated Lenders, if any) ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or prepay Loans to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a)Section. The Commitments shall terminate at the close of business on the Termination Date.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (American Stores Co /New/), Credit Agreement (American Stores Co /New/)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the any Borrower pursuant to this subsection (a) from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section subsection (a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the any Borrower may borrow under this subsection (a), repayrepay or, or to the extent permitted by Section 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination Date.

Appears in 2 contracts

Samples: Day Credit Agreement (Imc Global Inc), Credit Agreement (Imc Global Inc)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) Section from time to time in amounts such requested by the Borrower in accordance with the terms of this Agreement, provided that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 1 contract

Samples: Credit Agreement (Rite Aid Corp)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans in Dollars to the Borrower or any Borrowing Subsidiary pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Available Commitments. Within the foregoing limits, the Borrower or any Borrowing Subsidiary may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Co)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans lend to the Borrower pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount Dollar Amount of Committed Loans by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000, or in the case of a Borrowing to be denominated in an Alternative Currency, an Approved Borrowing Amount with respect to such Alternative Currency (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.01(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.112.14, prepay Loans and reborrow at any time during on or prior to the Revolving Credit Period Termination Date under this subsection (a)Section. The Commitments Loans shall terminate at mature, and the close of business principal amount thereof shall be due and payable, on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower Company in US Dollars (in the case of both ABR Loans and Eurodollar Loans) pursuant to this subsection (a) Section from time to time in amounts such that (a) the aggregate principal amount Revolving Credit Exposure of Committed Loans by such Bank Lender at any one time outstanding to the Borrower shall not exceed the amount of its CommitmentCommitment and (b) the aggregate Revolving Credit Exposures of the Lenders shall not exceed the aggregate Lenders’ Commitments. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 or any larger at least equal to the Borrowing Minimum and an integral multiple of $5,000,000 (except that any such the Borrowing may be in the aggregate amount available in accordance with Section 3.02(c)) Multiple and shall be made from the several Banks Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower Company may borrow under this subsection (a)borrow, repayrepay or, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DatePeriod.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Dover Corp)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on Subject to the terms and ------------------- conditions set forth in this Agreement, each Lender severally agrees, during the period up to make loans but not including the Commitment Termination Date, to lend to the Borrower in United States Dollars pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank Lender to the Borrower at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.01(b)) and shall be made from the several Banks Lenders ratably in proportion to their respective Commitments. Within the foregoing limitslimits specified in this Agreement, the Borrower may borrow under pursuant to this subsection (a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 1 contract

Samples: Agreement (FMC Corp)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower Company or any Eligible Subsidiary pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section subsection (a) shall be in an aggregate principal amount of $25,000,000 5,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the a Borrower may borrow under this subsection (a)Section 2.01, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection 2.01.

Appears in 1 contract

Samples: Credit Agreement (Analog Devices Inc)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) Section from time to time in amounts during the Revolving Credit Period; provided that, immediately after each such that loan is made: (i) the aggregate outstanding principal amount of such Bank's Committed Loans under this Agreement by such Bank at any one time outstanding to shall not exceed its Commitment and (ii) the Borrower aggregate outstanding principal amount of the Loans shall not exceed the aggregate amount of its Commitmentthe Commitments. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available within the limitations in accordance with Section 3.02(c)the foregoing proviso) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection 2.01.

Appears in 1 contract

Samples: Day Credit Agreement (Textron Financial Corp)

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Commitments to Lend. (a) The Commitments. During the Revolving Credit Period Availability Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans in Dollars to the Borrowers or any Additional Borrower pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount Dollar Equivalent of Committed Loans the Revolving Exposure by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Available Commitments. Within the foregoing limits, the each Borrower or any Additional Borrower may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Availability Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Co LTD)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans lend to the Borrower pursuant to this subsection (a) Section from time to time in amounts such that (a) the aggregate principal amount of Committed Loans made by such Bank Lender at any one time outstanding to the Borrower shall not exceed the amount of its Commitment, and (b) the aggregate outstanding principal amount of all Committed Loans, Money Market Loans and Swing Line Loans plus the Letter of Credit Liabilities shall not exceed the aggregate Commitments. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 (except that any such 1,000,000; and each Committed Borrowing may be in the aggregate amount available in accordance with Section 3.02(c)) and shall be made from the several Banks Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.112.16, prepay Loans and reborrow at any time during on or prior to the Revolving Credit Period Termination Date under this subsection (a)Section. The Commitments Committed Loans shall terminate at mature, and the close of business principal amount thereof shall be due and payable, on the Termination Date.

Appears in 1 contract

Samples: Five Year Credit Agreement (Hilton Hotels Corp)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans Committed Loans to the Borrower pursuant to this subsection (a) Article from time to time during the term hereof in amounts such that the aggregate principal amount of Committed Loans plus such Bank’s Pro Rata Share of Swingline Loans by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Each Borrowing outstanding under this Section 2.1 shall be in an aggregate principal amount of $25,000,000 3,000,000, or any larger an integral multiple of $5,000,000 100,000 in excess thereof (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.2(b), or in any amount required to repay the Swingline Lender the amount of any Swingline Loan) and, other than with respect to Money Market Loans and Swingline Loans, shall be made from the several Banks ratably in proportion to their respective Commitments. Within In no event shall the foregoing limits, the Borrower may borrow under this subsection (a), repay, or to the extent permitted by Section 2.11, prepay aggregate Loans and reborrow outstanding at any time during exceed $500,000,000, as the Revolving Credit Period under this subsection (a)same may be reduced from time to time as a result of cancellation of Commitments by Borrower or pursuant to Section 2.10 hereof. The Commitments shall terminate at Subject to the close of business on the Termination Datelimitations set forth herein, any amounts repaid may be reborrowed.

Appears in 1 contract

Samples: Revolving Credit Bridge Agreement (Equity Residential)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Each Bank severally agrees, ------------------- on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (aSection 2.01(a) from time to time during the Revolving Credit Period for such Bank in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Within the foregoing limits, the Borrower may borrow under this Section 2.01(a), prepay Loans to the extent permitted by Section 2.11, and reborrow at any time during the Revolving Credit Period for each Bank under this Section 2.01(a). The Commitment of each Bank shall terminate at the close of business on the Commitment Termination Date for such Bank. Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 75,000,000 or any larger multiple of $5,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c)equal to the unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a), repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Dean Witter Discover & Co)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) from time to time in amounts during the Revolving Credit Period; PROVIDED that immediately after each such that Loan is made, (i) the aggregate outstanding principal amount of Committed such Bank's Loans by such Bank at any one time outstanding to shall not exceed its Commitment and (ii) the Borrower Total Outstanding Amount shall not exceed the amount of its CommitmentBorrowing Base at such time. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 1,000,000 or any larger multiple of $5,000,000 500,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c)of the unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or prepay Loans to the extent permitted by Section 2.11, prepay Loans 2.08 and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bellwether Exploration Co)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) Section from time to time in amounts such that the sum of the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to plus the Borrower Letter of Credit Liabilities of such Bank at such time shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 5,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.2(e)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 1 contract

Samples: Credit Agreement (K N Energy Inc)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans lend to the Borrower pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount Dollar Amount of Committed Loans by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000, or in the case of a Borrowing to be denominated in an Alternative Currency, an Approved Borrowing Amount with respect to such Alternative Currency (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.01(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during on or prior to the Revolving Credit Period Termination Date under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) from time to time in amounts during the Revolving Credit Period; PROVIDED that immediately after each such that Loan is made, (i) the aggregate outstanding principal amount of Committed such Bank's Loans by such Bank at any one time outstanding to shall not exceed its Commitment and (ii) the Borrower Total Outstanding Amount shall not exceed the amount of its CommitmentBorrowing Base at such time. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 1,000,000 or any larger multiple of $5,000,000 500,000 (except that (i) any such Borrowing may be in the aggregate amount available of the unused Commitments and (ii) any Base Rate Borrowing pursuant to Section 2.16(h) may be in accordance with Section 3.02(c)the amount provided in such Section) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or prepay Loans to the extent permitted by Section 2.11, prepay Loans 2.08 and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Bellwether Exploration Co)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans lend to the Borrower pursuant to this subsection (a) Section from time to time in amounts such that (a) the aggregate principal amount of Committed Loans by such Bank Lender at any one time outstanding to the Borrower shall not exceed the amount of its Commitment, (b) the aggregate principal outstanding amount of all Committed Loans shall not exceed the aggregate Commitments, and (c) no Committed Loans shall be made until each of the conditions set forth in Section 3.01 are satisfied. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 (except that any such 1,000,000; and each Committed Borrowing may be in the aggregate amount available in accordance with Section 3.02(c)) and shall be made from the several Banks Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.112.17, prepay Loans and reborrow at any time during on or prior to the Revolving Credit Period Termination Date under this subsection (a)Section. The Commitments Committed Loans shall terminate at mature, and the close of business principal amount thereof shall be due and payable, on the Termination Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Park Place Entertainment Corp)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans in Dollars to the Borrower pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection Section (a). The Commitments it being understood that deemed Refunding Borrowings shall terminate at the close of business on be permitted after the Termination DateDate and prior to the Maturity Date as contemplated by Section 2.6 and shall not be otherwise treated as actual new Borrowings to the extent so refunded).

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Co)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower Company pursuant to this subsection (a) Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Within the foregoing limits, the Company may borrow under this Section 2.01(a), repay, or to the extent permitted by Section 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make a loan to the Company on the Termination Date in an amount up to but not exceeding the amount of its Commitment. Amounts of any Loans made pursuant to this Section 2.01(b) which are prepaid pursuant to Section 2.12 shall not be reborrowed. (c) Each Borrowing under this Section 2.01 shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a), repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination Date2.02.

Appears in 1 contract

Samples: Day Credit Agreement (Rockwell Automation Inc)

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