Common use of Commitments to Lend Clause in Contracts

Commitments to Lend. (a) During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company pursuant to this Section from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.

Appears in 3 contracts

Samples: Five Year Credit Agreement (Rockwell Automation Inc), Credit Agreement (Rockwell Automation Inc), Credit Agreement (Rockwell Automation Inc)

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Commitments to Lend. (a) During the Revolving Credit Period each Bank Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Period; provided that, immediately after each such loan is made, the aggregate outstanding principal amount of the Loans held by such Lender shall not exceed its Commitment. Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)of the unused Commitments) 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 Section, prepay Loans to the extent permitted by Section 2.08 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 3 contracts

Samples: Credit Agreement (Marsh & McLennan Companies Inc), Credit Agreement (Marsh & McLennan Companies Inc), Credit Agreement (Marsh & McLennan Companies Inc)

Commitments to Lend. (a) During the Revolving Credit Period each Bank severally agrees, on Subject to the terms and conditions set forth in this Agreement, each Bank severally agrees to make loans to the Company pursuant to this Section Borrower from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) in an aggregate principal amount at any time outstanding not to exceed the amount of such Bank's Commitment. Each Borrowing under this Section 2.01(a) 2.01 shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in an aggregate amount equal to the aggregate amount available in accordance with Section 3.03(b)3.02(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 Section, repay, or to the extent permitted by Section 2.11, prepay loans and reborrow under this Section at any time during the Revolving Credit Period.

Appears in 2 contracts

Samples: Credit Agreement (Western Atlas Inc), Credit Agreement (Unova Inc)

Commitments to Lend. (a) 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 Company Borrower pursuant to this Section from time to time in amounts during the Revolving Credit Period; provided that, immediately after each such that loan is made, the aggregate outstanding principal amount of all Committed Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)3.2) 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 Section, prepay Loans to the extent permitted by Section 2.10 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 2 contracts

Samples: Credit Agreement (Trigon Healthcare Inc), Credit Agreement (Trigon Healthcare Inc)

Commitments to Lend. (a) During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount Credit Exposure of Loans by such Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing, under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Company Borrower may borrow under this Section 2.01(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 Section 2.01(a)Section. (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Meadwestvaco Corp), Five Year Credit Agreement (Meadwestvaco Corp)

Commitments to Lend. (a) During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company in Dollars pursuant to this Section from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.

Appears in 2 contracts

Samples: Five Year Credit Agreement (Rockwell Automation, Inc), Credit Agreement (Rockwell Automation Inc)

Commitments to Lend. (a) During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company pursuant to this Section from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) 2.01 shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Company may borrow under this 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 Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Rockwell Automation Inc)

Commitments to Lend. (a) During the Revolving Credit Period each Bank severally agrees, on Subject to the terms and conditions set forth in this Agreement, each Bank severally agrees to make loans to the Company pursuant to this Section Borrower from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) in an aggregate principal amount at any time outstanding not to exceed the amount of such Bank's Commitment. Each Borrowing under this Section 2.01(a) 2.01 shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in an aggregate amount equal to the aggregate amount available in accordance with Section 3.03(b3.02(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 Section, repay, or to the extent permitted by Section 2.11, prepay loans and reborrow under this Section at any time during the Revolving Credit Period.

Appears in 1 contract

Samples: Credit Agreement (Unova Inc)

Commitments to Lend. (a) 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 Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)3.2) 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 Section, prepay Loans to the extent permitted by Section 2.12 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Dean Foods Co)

Commitments to Lend. (a) 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 Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)3.02) 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 Section, prepay Loans to the extent permitted by Section 2.12 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Dean Foods Co)

Commitments to Lend. (a) 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 Company Borrower pursuant to this Section from time to time in amounts during the Revolving Credit Period; provided that, immediately after each such that loan is made, the aggregate outstanding principal amount of all Committed Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)3.02) 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 Section, prepay Loans to the extent permitted by Section 2.11 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Ultramar Diamond Shamrock Corp)

Commitments to Lend. (a) 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 Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)3.2) 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 Section, prepay Loans to the extent permitted by Section 2.12 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Quaker State Corp)

Commitments to Lend. (a) 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 Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 15,000,000 or any larger multiple of $1,000,000 5,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)3.2) 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 Section, prepay Loans to the extent permitted by Section 2.11 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Quaker State Corp)

Commitments to Lend. (a) 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 Company pursuant to this Section Borrower from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding plus its Letter of Credit Liabilities 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 1,000,000 or any larger multiple of $1,000,000 100,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)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 Section, prepay Loans to the extent permitted by Section 2.07 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Gt Interactive Software Corp)

Commitments to Lend. (a) During the its Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b3.02(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 Section, repay, or to the extent permitted by Section 2.12, prepay Loans and reborrow at any time under this Section.

Appears in 1 contract

Samples: Credit Agreement (Neiman Marcus Group Inc)

Commitments to Lend. (a) 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 Company Borrower pursuant to this Section from time to time during the Revolving Credit Period in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal a minimum amount of $25,000,000 or any larger multiple of $1,000,000 5,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b3.02(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 Section, prepay Loans (to the extent permitted by Section 2.11) and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Sears Roebuck Acceptance Corp)

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Commitments to Lend. (a) During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.2(e)) and shall be made from the several Banks ratably in proportion to their 18 respective Commitments. Within the foregoing limits, the Company Borrower may borrow under this Section 2.01(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 Section 2.01(a)Section. (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.

Appears in 1 contract

Samples: 364 Day Credit Agreement (K N Energy Inc)

Commitments to Lend. (a) 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 Company pursuant to this Section Borrower from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 2,500,000 or any larger multiple of $1,000,000 500,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)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 Section, prepay Loans to the extent permitted by Section 2.10 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (United Auto Group Inc)

Commitments to Lend. (a) 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 Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)3.02) 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 Section, prepay Loans to the extent permitted by Section 2.09 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Revolving Credit Agreement (Martin Marietta Materials Inc)

Commitments to Lend. (a) 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 Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Available Commitments. Within the foregoing limits, the Borrower may borrow under this Section, repay, or to the extent permitted by Section 2.11, prepay Loans at any time during the Availability Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Co LTD)

Commitments to Lend. (a) 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 Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b3.02(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 Section, prepay Loans to the extent permitted by Section 2.11, and reborrow at any time under this Section. The Commitments shall terminate on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Commercial Credit Co)

Commitments to Lend. (a) 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 Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)3.02) 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 Section, prepay Loans to the extent permitted by Section 2.12 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Quaker State Corp)

Commitments to Lend. (a) During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding 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 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) 2.01 shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments.

Appears in 1 contract

Samples: Credit Agreement (Rockwell Automation Inc)

Commitments to Lend. (a) During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Company Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $25,000,000 5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b)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 Section, repay, or to the extent permitted by Section 2.09, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Armstrong World Industries Inc)

Commitments to Lend. (a) During the Revolving Credit Period each Bank severally agrees, on Subject to the terms and conditions set forth in this Agreement, each Bank severally agrees to make loans to the Company pursuant to this Section Borrower from time to time in amounts such that the aggregate principal amount of Loans by such Bank at any one time outstanding 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 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) in an aggregate principal amount at any time outstanding not to exceed the amount of such Bank's Commitment. Each Borrowing under this Section 2.01(a) 2.01 shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in an aggregate amount equal to the aggregate amount available in accordance with Section 3.03(b)3.02(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 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 Section.

Appears in 1 contract

Samples: Credit Agreement (Western Atlas Inc)

Commitments to Lend. (a) During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans Loans to the Company pursuant to this Section from time to time prior to the Termination Date in amounts such that the aggregate outstanding principal amount of Loans by of such Bank shall at any one no time outstanding shall not exceed the amount of its Commitment. Within the foregoing limits, the Company may borrow Each borrowing under this Section 2.01(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 Section 2.01(a). (b) Each Borrowing under this Section 2.01(a"BORROWING") shall be in an aggregate principal amount of $25,000,000 1,000,000 or any larger multiple of $1,000,000 thereof (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.03(b3.02(d)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Company may borrow under this Section, prepay Loans to the extent permitted by Section 2.10 and reborrow at any time under this Section.

Appears in 1 contract

Samples: 364 Day Senior Credit Agreement (Orbital Sciences Corp /De/)

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