Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount of all outstanding Revolving Loans (after giving effect to any amount requested) shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit Liabilities. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.10, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 12 contracts
Samples: Revolving Credit Agreement (PPL Energy Supply LLC), Revolving Credit Agreement (PPL Energy Supply LLC), Revolving Credit Agreement (PPL Energy Supply LLC)
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Revolving Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount Revolving Outstandings of all outstanding Revolving Loans (after giving effect to any amount requested) Lenders shall not exceed the aggregate amount of the Revolving Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesLenders. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Revolving Commitments) and shall be made from the several Lenders ratably in proportion to their respective Revolving Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.102.09, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 11 contracts
Samples: Five Year Credit Agreement (PPL Energy Supply LLC), Credit Agreement (PPL Electric Utilities Corp), Credit Agreement (PPL Montana LLC)
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans in Dollars to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount of all outstanding Revolving Loans (after giving effect to any amount requested) shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit Liabilities. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.10, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/), Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/), Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)
Commitments to Lend. Each During the Revolving Credit Period each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving loans to any Borrower in US Dollars (in the case of both ABR Loans to and Eurocurrency Loans) or (in the Borrower case of Eurocurrency Loans only) any Designated Foreign Currency, pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its (a) the Revolving Outstandings Credit Exposure of such Lender at any time shall not exceed the amount of its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, Commitment and (b) the aggregate principal amount Revolving Credit Exposures of all outstanding Revolving Loans (after giving effect to any amount requested) the Lenders shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesLenders’ Commitments. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 or any larger at least equal to the Borrowing Minimum and an integral multiple of $1,000,000 (except that any such the Borrowing may be in the aggregate amount of the unused Commitments) Multiple and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the any Borrower may borrow under this Section 2.01borrow, repay, repay or, to the extent permitted by Section 2.102.11, prepay, Revolving prepay Loans and reborrow under this Section 2.01at any time during the Revolving Credit Period.
Appears in 3 contracts
Samples: Credit Agreement (Dover Corp), Credit Agreement (Dover Corp), Credit Agreement (Dover Corp)
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount of all outstanding Revolving Loans (after giving effect to any amount requested) shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit Liabilities. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.10, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 3 contracts
Samples: Revolving Credit Agreement (PPL Electric Utilities Corp), Revolving Credit Agreement (PPL Corp), Revolving Credit Agreement (PPL Corp)
Commitments to Lend. Each Lender (a) During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans loans in U.S. Dollars and/or one or more Designated Currencies (at the option of the Borrower) to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, (i) the U.S. Dollar Equivalent of the aggregate principal amount of all Loans by such Bank at any one time outstanding Revolving Loans (after giving effect to any amount requested) shall not exceed the amount of its Commitment and (ii) the aggregate Commitments less U.S. Dollar Equivalent of the sum outstanding Loans of all outstanding Swingline Loans and Letter of Credit Liabilitiesthe Banks denominated in Foreign Currencies shall not exceed $450,000,000. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 or any larger integral that is a multiple of $1,000,000 the Borrowing Multiple and at least equal to the Borrowing Minimum (except that any such Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01Section, repay, or, or to the extent permitted by Section 2.102.09, prepay, Revolving prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.
(b) Subject to Sections 8.01 and 8.02 (i) each Borrowing denominated in U.S. Dollars shall be comprised entirely of Base Rate Loans or Eurocurrency Loans as the Borrower may request pursuant to Section 2.012.02 and (ii) each Borrowing denominated in a Designated Currency shall be comprised entirely of Eurocurrency Loans.
Appears in 2 contracts
Samples: Credit Agreement (Armstrong World Industries Inc), Credit Agreement (Armstrong World Industries Inc)
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts Revolving Credit Period; provided that, immediately after each such that its Revolving Outstandings loan is made: (i) the sum of the aggregate outstanding principal amount of such Lender’s Loans plus the aggregate amount of such Lender’s LC Exposure shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, Commitment and (ii) the aggregate principal amount of all outstanding Revolving Loans (after giving effect to any amount requested) Total Outstanding Amount shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesMaximum Facility Availability. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger integral multiple of $1,000,000 (except that (x) any such Borrowing may be in the aggregate amount of available within the unused Commitmentslimitations in the foregoing proviso and (y) any Base Rate Borrowing pursuant to Section 2.16(e) may be in the amount specified therein) and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01Section, repay, or, or to the extent permitted by Section 2.102.11, prepay, Revolving prepay Loans and reborrow re-borrow under this Section 2.01.
Appears in 2 contracts
Samples: Credit Agreement (United States Steel Corp), Credit Agreement (United States Steel Corp)
Commitments to Lend. Each Lender During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings the aggregate principal amount of Committed Loans by such Bank at any one time outstanding, plus such Bank's Commitment Percentage of the then aggregate outstanding amount of L/C Obligations, shall not exceed the amount of its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, that the aggregate outstanding principal amount of all Loans, plus the aggregate outstanding Revolving Loans (after giving effect to any amount requested) of L/C Obligations, shall not at any time exceed the aggregate Commitments less amount of the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesCommitments. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger integral whole multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01Section, repay, or, prepay Loans to the extent permitted by Section 2.10, prepay, Revolving Loans 2.12 and reborrow at any time during the Revolving Credit Period under this Section 2.01Section.
Appears in 2 contracts
Samples: Credit Agreement (Primex Technologies Inc), Credit Agreement (Primex Technologies Inc)
Commitments to Lend. Each (a) During the Revolving Credit Period, each Revolving Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its (i) such Lender’s Outstanding Revolving Outstandings Committed Amount shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, Commitment and (ii) the aggregate principal amount of all outstanding Total Outstanding Revolving Loans (after giving effect to any amount requested) Amount shall not exceed the aggregate Commitments less Total Revolving Commitments. Within the sum of all outstanding Swingline foregoing limits, the Borrower may borrow under this Section, prepay Revolving Loans to the extent permitted by Section 2.09 and Letter of reborrow at any time during the Revolving Credit LiabilitiesPeriod under this Section. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02) and shall be made from the several Revolving Lenders ratably in proportion respective amounts equal to their respective Commitments. Within Applicable Percentages of such Borrowing.
(b) Each Term Lender severally agrees, on the foregoing limitsterms and conditions set forth in this Agreement, to make a loan to the Borrower on the Effective Date in an amount equal to such Lender’s Term Commitment. The Term Commitments are not revolving in nature, and amounts repaid in respect of the Term Loans may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.10, prepay, Revolving Loans and reborrow under this Section 2.01not be reborrowed.
Appears in 2 contracts
Samples: Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc)
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans denominated in Dollars or Available Alternative Currencies to the Borrower pursuant to this Section 2.01 from time to time during prior to the Availability Period Maturity Date in amounts such that the aggregate Dollar Amount of its Revolving Outstandings shall not exceed (after giving effect to all Loans repaid concurrently with the making of any Loans) its Revolving Commitment; provided, provided that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount Dollar Amount of all outstanding the Revolving Loans (after giving effect to any amount requested) Outstandings shall not exceed the aggregate Commitments less amount of the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesRevolving Commitments. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount Dollar Amount of $10,000,000 2,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Revolving Commitments) and shall be made from the several Lenders ratably in proportion to their respective Revolving Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.102.08, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 2 contracts
Samples: 364 Day Revolving Credit Agreement (Carpenter Technology Corp), 364 Day Revolving Credit Agreement (Carpenter Technology Corp)
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Revolving Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount of all outstanding Revolving Loans (after giving effect to any amount requested) shall not exceed the aggregate Revolving Commitments less the sum of all outstanding Swingline Loans and Letter of Credit Liabilities. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Revolving Commitments) and shall be made from the several Lenders ratably in proportion to their respective Revolving Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.10, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 2 contracts
Samples: Five Year Credit Agreement (PPL Energy Supply LLC), Five Year Credit Agreement (PPL Energy Supply LLC)
Commitments to Lend. Each Lender (a) During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans lend to the Borrower Borrowers severally pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the Dollar Amount of the aggregate principal amount of all Syndicated Loans by such Bank outstanding Revolving Loans (after giving effect to all Borrowers on the date of any amount requested) such Borrowing shall not exceed the aggregate Commitments less the sum amount of all outstanding Swingline Loans and Letter of Credit Liabilitiesits Commitment. Each Revolving Borrowing under this subsection (other than Mandatory Letter of Credit Borrowingsa) shall be in an aggregate principal amount of $10,000,000 50,000,000 (or the Approximate Equivalent Amount thereof) or any larger integral multiple of $1,000,000 5,000,000 (or the Approximate Equivalent Amount thereof) (except that that, subject to the provisions of Section 3.02(ii), any such Borrowing may be in the aggregate amount of the unused CommitmentsCommitments or the Equivalent Amount thereof) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the each Borrower may borrow under this Section 2.01subsection, repay, or, or to the extent permitted by Section 2.102.11, prepay, Revolving prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01subsection.
(b) Each Bank severally agrees to make Euro-Currency Loans in the Agreed Currencies; provided that, after giving effect to such Borrowing, the Euro-Currency Loans shall be denominated in not more than six Agreed Currencies (including Dollars).
Appears in 2 contracts
Samples: Credit Agreement (Atlantic Richfield Co /De), Credit Agreement (Atlantic Richfield Co /De)
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Revolving Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount Revolving Outstandings of all outstanding Revolving Loans (after giving effect to any amount requested) Lenders shall not exceed the aggregate amount of the Revolving Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesLenders. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Revolving Commitments) and shall be made from the several Lenders ratably in proportion to their respective Revolving Commitments. Within the foregoing limitslimits and subject to Section 2.07(d), the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.102.09, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 2 contracts
Samples: Credit Agreement (PPL Montana LLC), 364 Day Credit Agreement (PPL Electric Utilities Corp)
Commitments to Lend. Each Lender severally agrees, on On the terms and conditions set forth in this Agreement, each Bank severally agrees to make Revolving Loans lend to the Borrower pursuant to this Section 2.01 Borrower, from time to time during the Availability Period Revolving Credit Period, amounts not to exceed in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal at any one time outstanding the amount of all outstanding Revolving Loans (after giving effect to any amount requested) shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit Liabilitiessuch Bank's Commitment. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section 2.01 shall be in an aggregate principal amount of $10,000,000 20,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01Section, repay, or, or to the extent permitted by Section 2.102.11, prepay, Revolving prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01Section. Failure by any Bank to make Loans as required under the terms of this Agreement will not relieve any other Bank of its obligations hereunder. Notwithstanding the foregoing, any Money Market Loans made by a Bank shall be deemed usage of the total Commitments for the purpose of availability, but shall not reduce such Bank's obligation to lend its pro rata share of its Commitment.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Aetna U S Healthcare Inc), Credit Agreement (Aetna U S Healthcare Inc)
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts Revolving Credit Period; provided that, immediately after each such that its Revolving Outstandings loan is made: (i) the sum of the aggregate outstanding principal amount of such Lender’s Loans plus the aggregate amount of such Lender’s LC Exposure shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, Commitment and (ii) the aggregate principal amount of all outstanding Revolving Loans (after giving effect to any amount requested) Total Outstanding Amount shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesMaximum Facility Availability. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 5,000,000 or any larger integral multiple of $1,000,000 (except that (x) any such Borrowing may be in the aggregate amount of available within the unused Commitmentslimitations in the foregoing proviso and (y) any Base Rate Borrowing pursuant to Section 2.16(e) may be in the amount specified therein) and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01Section, repay, or, or to the extent permitted by Section 2.102.11, prepay, Revolving prepay Loans and reborrow under this Section 2.01.
Appears in 2 contracts
Samples: Credit Agreement (United States Steel Corp), Credit Agreement (United States Steel Corp)
Commitments to Lend. Each Lender severally agrees, on On the terms and conditions set forth in this Agreement, each Lender severally agrees to make Revolving Loans lend to the Borrower pursuant to this Section 2.01 Borrower, from time to time during the Availability Period Revolving Credit Period, amounts not to exceed in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal at any one time outstanding the amount of all outstanding Revolving Loans (after giving effect to any amount requested) shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit Liabilitiessuch Lender’s Commitment. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section 2.01 shall be in an aggregate principal amount of $10,000,000 15,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01Section, repay, or, or to the extent permitted by Section 2.102.12, prepay, Revolving prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01Section. Failure by any Lender to make Loans as required under the terms of this Agreement will not relieve any other Lender of its obligations hereunder. Notwithstanding the foregoing, any Money Market Loans made by a Lender shall be deemed usage of the total Commitments for the purpose of availability, but shall not reduce such Lender’s obligation to lend its pro rata share of its Commitment.
Appears in 1 contract
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Revolving Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount of all outstanding Revolving Loans (after giving effect to any amount requested) shall not exceed the aggregate Revolving Commitments less the sum of all outstanding Swingline Loans and Letter of Credit Liabilities. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Revolving Commitments) and shall be made from the several Lenders ratably in proportion to their respective Revolving Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.10, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 1 contract
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans in Dollars to the each Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, (i) the aggregate principal amount of all outstanding Revolving Loans (after giving effect to any amount requested) shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesLiabilities and (ii) the Borrower Revolving Outstandings of any Borrower (after giving effect to any amount requested) shall not exceed such Borrower’s Sublimit. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the each Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.10, prepay, Revolving Loans made to it and reborrow under this Section 2.01.
Appears in 1 contract
Samples: Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)
Commitments to Lend. Each Lender severally agrees, on ------------------- the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Revolving Commitment; provided, that, immediately after giving effect -------- to each such Revolving Loan, the aggregate principal amount Revolving Outstandings of all outstanding Revolving Loans (after giving effect to any amount requested) Lenders shall not exceed the aggregate amount of the Revolving Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesLenders. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Revolving Commitments) and shall be made from the several Lenders ratably in proportion to their respective Revolving Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.102.09, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 1 contract
Samples: Credit Agreement (PPL Corp)
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Revolving Commitment; provided, provided that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount Revolving Outstandings of all outstanding Revolving Loans (after giving effect to any amount requested) Lenders shall not exceed the aggregate amount of the Revolving Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesLenders. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Revolving Commitments) and shall be made from the several Lenders ratably in proportion to their respective Revolving Commitments. Within the foregoing limitslimits and subject to Section 2.07(d), the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.102.09, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 1 contract
Commitments to Lend. Each Lender Bank severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 Article from time to time during the Availability Period term hereof in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount of all Committed Loans by such Bank at any one time outstanding Revolving plus such Bank's Pro Rata Share of Swingline Loans (after giving effect to any amount requested) outstanding at such time shall not exceed the aggregate Commitments less the sum amount of all outstanding Swingline Loans and Letter of Credit Liabilitiesits Commitment. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) outstanding under this Section 2.1 shall be in an aggregate principal amount of $10,000,000 5,000,000, or any larger an integral multiple of $1,000,000 100,000 in excess thereof (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.2(b), or in any amount required to repay the Swingline Lender the amount of the unused Commitmentsany Swingline Loan) and, other than with respect to Money Market Loans and Swingline Loans, shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, Subject to the extent permitted by limitations set forth herein, up to $250,000,000 of amounts repaid pursuant to Section 2.102.11 (a) and (b) may be reborrowed one or more times , prepayprovided that (i) no amounts in excess of such $250,000,000 may be reborrowed and (ii) no amounts required to be repaid pursuant to Section 2.11(c), Revolving Loans and reborrow under this Section 2.01(d) or (e) may be reborrowed.
Appears in 1 contract
Samples: Revolving Credit Agreement (Equity Office Properties Trust)
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 from time to time during the Loan Availability Period in amounts such that its Revolving Outstandings shall not exceed its Revolving Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount Revolving Outstandings of all outstanding Revolving Loans (after giving effect to any amount requested) Lenders shall not exceed the aggregate amount of the Revolving Commitments less the sum of all outstanding Swingline Loans and Lenders; provided further, that no Loan shall be made on or after the Revolving Maturity Date unless such Loan is a Letter of Credit LiabilitiesLoan. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowingsa Borrowing made pursuant to Section 3.09) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Revolving Commitments) and shall be made from the several Lenders ratably in proportion to their respective Revolving Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.102.09, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 1 contract
Commitments to Lend. Each 2026 Revolving Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans in Dollars to the each Borrower pursuant to this Section 2.01 2.01(a) (each such loan, a “2026 Revolving Loan”) from time to time during the Availability Period in amounts such that its 2026 Revolving Outstandings shall not exceed its 2026 Revolving Commitment; provided, that, immediately after giving effect to each such 2026 Revolving Loan, (i) the aggregate principal amount of all outstanding Revolving Loans (after giving effect to any amount requested) shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesLiabilities and (ii) the Borrower Revolving Outstandings of any Borrower (after giving effect to any amount requested) shall not exceed such Borrower’s Sublimit. Each 2026 Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such 2026 Revolving Borrowing may be in the aggregate amount of the unused 2026 Revolving Commitments) and shall be made from the several 2026 Revolving Lenders ratably in proportion to their respective 2026 Revolving Commitments. Within the foregoing limits, the each Borrower may borrow under this Section 2.012.01(a), repay, or, to the extent permitted by Section 2.10, prepay, 2026 Revolving Loans made to it and reborrow under this Section 2.012.01(a).
Appears in 1 contract
Samples: Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)
Commitments to Lend. Each Lender Bank severally agrees, on the terms and conditions set forth in this Agreement, (a) to make Revolving Loans to each Borrower and participate in Letters of Credit issued by the Fronting Bank on behalf of each Borrower pursuant to this Section 2.01 Article from time to time during the Availability Period term hereof in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount of all Committed Loans by such Bank at any one time outstanding Revolving Loans (after giving effect to any amount requested) together with such Bank's pro rata share of the Letter of Credit Usage at such time shall not exceed the aggregate Commitments less the sum amount of all outstanding Swingline Loans and Letter of Credit Liabilitiesits Commitment. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) outstanding under this Section 2.1 shall be in an aggregate principal amount of $10,000,000 JPY300,000,000 or any larger an integral multiple multiples of $1,000,000 JPY1,000,000 in excess thereof (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.2(b), or in any amount required to reimburse the Fronting Bank for any drawing under any Letter of the unused CommitmentsCredit) and shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within In no event shall the foregoing limitsaggregate amount outstanding at any time, plus the Borrower may borrow under this Section 2.01outstanding amount of the Letter of Credit Usage, repay, or, exceed JPY24,000,000,000 (the "Facility Amount"). Subject to the extent permitted by Section 2.10limitations set forth herein, prepay, Revolving Loans and reborrow under this Section 2.01any amounts repaid may be reborrowed.
Appears in 1 contract
Commitments to Lend. Each Lender severally agrees, on the ------------------- terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Revolving Commitment; provided, provided that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount Revolving Outstandings of all outstanding Revolving Loans (after giving effect to any amount requested) Lenders shall not exceed the aggregate amount of the Revolving Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesLenders. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Revolving Commitments) and shall be made from the several Lenders ratably in proportion to their respective Revolving Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.102.09, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 1 contract
Samples: 364 Day Credit Agreement (PPL Corp)
Commitments to Lend. Each Lender Bank severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans loans to the Borrower pursuant to this Section 2.01 from time to time during on and after the Availability Period in amounts Effective Date and prior to the Termination Date; provided that, immediately after each such that its Revolving Outstandings loan is made (and after giving effect to any substantially concurrent application of the proceeds thereof to repay outstanding Loans and Swingline Loans):
(i) such Bank's Outstanding Committed Amount shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, and
(ii) the aggregate principal amount of all outstanding Revolving Loans (after giving effect to any amount requested) Total Usage shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesTotal Commitments. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 15,000,000 or any larger integral multiple of $1,000,000 1,000,000; provided that (except that x) any such Borrowing may be in an aggregate amount equal to the aggregate unused amount of the Commitments and (y) if such Borrowing is made on the Swingline Maturity Date, such Borrowing may be in the aggregate amount of the unused Commitments) and Swingline Loans outstanding on such date. Each such Borrowing shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limitslimits and subject to Section 2.11, the Borrower may borrow under this Section 2.01Section, repay, or, prepay Loans to the extent permitted by Section 2.102.13, prepay, Revolving Loans and reborrow under this Section 2.01at any time prior to the Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Venator Group Inc)
Commitments to Lend. Each During the Revolving Credit Period each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans lend to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, (a) the aggregate outstanding principal amount of Committed Loans made by such Lender plus such Lender’s Pro Rata Share of the aggregate outstanding principal amount of all Swing Line Outstandings plus such Lender’s Pro Rata Share of all Letter of Credit Liabilities shall not exceed the amount of such Lender’s Commitment, and (b) the aggregate outstanding Revolving principal amount of all Committed Loans (after giving effect to any amount requested) and Swing Line Loans plus the Letter of Credit Liabilities shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesCommitments. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such 1,000,000; and each Committed Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01Section, repay, or, or to the extent permitted by Section 2.102.16, prepay, Revolving prepay Loans and reborrow under this Section 2.01Section. The Committed Loans shall mature, and the principal amount thereof shall be due and payable, on the Termination Date.
Appears in 1 contract
Commitments to Lend. Each Lender severally agrees, on the ------------------- terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Revolving Commitment; provided, that, immediately after giving effect to each -------- such Revolving Loan, the aggregate principal amount Revolving Outstandings of all outstanding Revolving Loans (after giving effect to any amount requested) Lenders shall not exceed the aggregate amount of the Revolving Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesLenders. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Revolving Commitments) and shall be made from the several Lenders ratably in proportion to their respective Revolving Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, to the extent permitted by Section 2.102.09, prepay, Revolving Loans and reborrow under this Section 2.01.
Appears in 1 contract
Samples: 364 Day Credit Agreement (PPL Corp)
Commitments to Lend. Each During the Revolving Credit Period each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans lend to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, (a) the aggregate outstanding principal amount of Committed Loans made by such Lender plus such Lender’s Pro Rata Share of the aggregate outstanding principal amount of all Swing Line Outstandings plus such Lender’s Pro Rata Share of all Letter of Credit Liabilities shall not exceed the amount of such Lender’s Commitment, and (b) the aggregate outstanding Revolving principal amount of all Committed Loans (after giving effect to any amount requested) and Swing Line Loans plus the Letter of Credit Liabilities shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesCommitments. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such 1,000,000; and each Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01Section, repay, or, or to the extent permitted by Section 2.102.15, prepay, Revolving prepay Loans and reborrow under this Section 2.01Section. The Committed Loans shall mature, and the principal amount thereof shall be due and payable, on the Termination Date.
Appears in 1 contract
Commitments to Lend. Each Lender Bank severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 Article from time to time during the Availability Period term hereof in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount of all Committed Loans by such Bank at any one time outstanding Revolving plus such Bank’s Pro Rata Share of Swingline Loans (after giving effect to any amount requested) outstanding at such time shall not exceed the aggregate Commitments less the sum amount of all outstanding Swingline Loans and Letter of Credit Liabilitiesits Commitment. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) outstanding under this Section 2.1 shall be in an aggregate principal amount of $10,000,000 5,000,000, or any larger an integral multiple of $1,000,000 100,000 in excess thereof (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.2(b), or in any amount required to repay the Swingline Lender the amount of the unused Commitmentsany Swingline Loan) and, other than with respect to Money Market Loans and Swingline Loans, shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, Subject to the extent permitted by limitations set forth herein, up to $125,000,000 of amounts repaid pursuant to Section 2.102.11 (a) and (b) may be reborrowed one or more times , prepayprovided that (i) no amounts in excess of such $125,000,000 may be reborrowed and (ii) no amounts required to be repaid pursuant to Section 2.11(c), Revolving Loans and reborrow under this Section 2.01(d) or (e) may be reborrowed.
Appears in 1 contract
Samples: Revolving Credit Agreement (Eop Operating LTD Partnership)
Commitments to Lend. Each 2026 Revolving Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans in Dollars to the Borrower pursuant to this Section 2.01 2.01(a) (each such loan, a “2026 Revolving Loan”) from time to time during the Availability Period in amounts such that its 2026 Revolving Outstandings shall not exceed its 2026 Revolving Commitment; provided, that, immediately after giving effect to each such 2026 Revolving Loan, the aggregate principal amount of all outstanding Revolving Loans (after giving effect to any amount requested) shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit Liabilities. Each 2026 Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such 2026 Revolving Borrowing may be in the aggregate amount of the unused 2026 Revolving Commitments) and shall be made from the several 2026 Revolving Lenders ratably in proportion to their respective 2026 Revolving Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.012.01(a), repay, or, to the extent permitted by Section 2.10, prepay, 2026 Revolving Loans and reborrow under this Section 2.012.01(a).
Appears in 1 contract
Samples: Revolving Credit Agreement (Louisville Gas & Electric Co /Ky/)
Commitments to Lend. Each Lender Bank severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans loans to the Borrower pursuant to this Section 2.01 from time to time during on and after the Availability Period in amounts Effective Date and prior to the Termination Date; provided that, immediately after each such that its Revolving Outstandings loan is made (and after giving effect to any substantially concurrent application of the proceeds thereof to repay outstanding Loans and Swingline Loans):
(i) such Bank's Outstanding Committed Amount shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, and
(ii) the aggregate principal amount of all outstanding Revolving Loans (after giving effect to any amount requested) Total Usage shall not exceed the aggregate Commitments less the sum of all outstanding Swingline Loans and Letter of Credit LiabilitiesTotal Commitments. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 25,000,000 or any larger integral multiple of $1,000,000 1,000,000; provided that (except that x) any such Borrowing may be in an aggregate amount equal to the aggregate unused amount of the Commitments and (y) if such Borrowing is made on the Swingline Maturity Date, such Borrowing may be in the aggregate amount of the unused Commitments) and Swingline Loans outstanding on such date. Each such Borrowing shall be made from the several Lenders Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, or, prepay Loans to the extent permitted by Section 2.102.12, prepay, Revolving Loans and reborrow under this Section 2.01at any time prior to the Termination Date.
Appears in 1 contract
Commitments to Lend. Each During the Revolving Credit Period each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans lend to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings (a) the aggregate principal of Committed Loans by such Lender at any one time outstanding shall not exceed the amount of its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, (b) the aggregate principal outstanding amount of all outstanding Revolving Committed Loans (after giving effect to any amount requested) shall not exceed the aggregate Commitments less Commitments, and (c) no Committed Loans shall be made until each of the sum of all outstanding Swingline Loans and Letter of Credit Liabilitiesconditions set forth in Section 3.01 are satisfied. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such 1,000,000; and each Committed Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01Section, repay, or, or to the extent permitted by Section 2.102.17, prepay, Revolving prepay Loans and reborrow at any time on or prior to the Termination Date under this Section 2.01Section. The Committed Loans shall mature, and the principal amount thereof shall be due and payable, on the Termination Date.
Appears in 1 contract
Samples: Short Term Credit Agreement (Park Place Entertainment Corp)
Commitments to Lend. Each Lender During the Revolving Credit Period, each Revolving Bank severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans advances to the Borrower pursuant to this Section 2.01 clause (a) from time to time during the Availability Period in amounts such that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the an aggregate principal amount of all outstanding that will not result in (i) subject to Section 2.12(c), such Revolving Loans Bank’s Revolving Credit Exposure exceeding such Revolving Bank’s Revolving Commitment and (after giving effect ii) subject to any amount requested) shall not exceed Section 2.12(c), the aggregate Commitments less Total Revolving Credit Exposures exceeding the sum of all outstanding Swingline Loans and Letter of Credit Liabilitiestotal Revolving Commitments. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 1,000,000 or any larger integral multiple of $1,000,000 500,000 for Eurodollar Loans or $100,000 for ABR Loans (except that any such Borrowing may be in the aggregate amount of the unused Commitmentsavailable in accordance with Section 3.02(b)) and shall be made from the several Lenders ratably Revolving Banks in proportion to accordance with their respective CommitmentsApplicable Percentages. Subject to Section 8.01, each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Within the foregoing limits, the Borrower may borrow under this Section 2.01, repay, orclause (a), to the extent permitted by Section 2.102.12, prepay, prepay Revolving Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01clause (a).
Appears in 1 contract
Commitments to Lend. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans to the Borrower pursuant to this Section 2.01 Advances constituting Committed Advances from time to time during the Availability Period period from the Effective Date to the Termination Date in amounts an aggregate amount not to exceed at any time outstanding the amount of such Lender's Commitment, provided that its Revolving Outstandings shall not exceed its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, the aggregate principal amount of all outstanding Revolving Loans (after giving effect the Commitments shall be deemed used from time to any amount requested) shall not exceed time, for purposes of making Committed Advances pursuant to this Section 2.1, in the aggregate amount of Money Market Advances outstanding from time to time, and such deemed use of the aggregate amount of Commitments less shall be applied to the sum Lenders ratably according to their respective Commitments (such deemed use of all outstanding Swingline Loans and Letter the aggregate amount of Credit LiabilitiesCommitments referred to herein as the "Money Market Reduction"). Each Revolving Borrowing (other than Mandatory Letter under this Section 2.1 in respect of Credit Borrowings) such Committed Advances shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 5,000,000 (except that any such Borrowing may be in the aggregate amount of the unused Commitments) available in accordance with Section 4.2(d)), and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower Borrowers may borrow under this Section 2.01Section, repay, or, or to the extent permitted by Section 2.102.12, prepay, Revolving Loans prepay Advances and reborrow under this Section 2.01at any time during the period from the Effective Date to the Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Sunamerica Inc)
Commitments to Lend. Each During the Revolving Credit Period each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Loans lend to the Borrower pursuant to this Section 2.01 from time to time during the Availability Period in amounts such that its Revolving Outstandings (a) the aggregate principal of Committed Loans by such Lender at any one time outstanding shall not exceed the amount of its Commitment; provided, that, immediately after giving effect to each such Revolving Loan, (b) the aggregate principal outstanding amount of all outstanding Revolving Committed Loans (after giving effect to any amount requested) shall not exceed the aggregate Commitments less Commitments, and (c) unless and until the sum conditions precedent set forth in Section 3.01(e) are satisfied (or concurrently with the satisfaction thereof), the aggregate principal outstanding amount of all outstanding Swingline Committed Loans and Letter of Credit Liabilitiesshall not exceed $650,000,000 at any time. Each Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) under this Section shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such 1,000,000; and each Committed Borrowing may be in the aggregate amount of the unused Commitments) and shall be made from the several Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section 2.01Section, repay, or, or to the extent permitted by Section 2.102.17, prepay, Revolving prepay Loans and reborrow at any time on or prior to the Termination Date under this Section 2.01Section. The Committed Loans shall mature, and the principal amount thereof shall be due and payable, on the Termination Date.
Appears in 1 contract
Samples: Short Term Credit Agreement (Park Place Entertainment Corp)