Common use of Commitments to Lend Clause in Contracts

Commitments to Lend. 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 or any Eligible Subsidiary 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 to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a 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 3 contracts

Samples: Credit Agreement (Gillette Co), Credit Agreement (Gillette Co), Credit Agreement (Gillette Co)

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Commitments to Lend. 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 or any Eligible Subsidiary 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 Committed the Loans held by such Bank at any one time outstanding to all Borrowers Lender shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(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, a the Borrower may borrow under this Section, repay or, prepay Loans to the extent permitted by Section 2.11, prepay Loans 2.08 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 3 contracts

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

Commitments to Lend. 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 or any Eligible Subsidiary Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount Committed Exposure of Committed Loans by such Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 10,000,000 or any larger amount that is a multiple of $1,000,000 (except 1,000,000; provided, that any such Borrowing under this Section may be in the aggregate amount available in accordance with Section 3.02(b)) and . Each Borrowing under this Section shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay orrepay, 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.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Chubb Corp), Credit Agreement (Chubb Corp), Credit Agreement (Chubb Corp)

Commitments to Lend. 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 or any Eligible Subsidiary Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank and Letter of Credit Liabilities of such Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in Dollars and be in an aggregate principal amount of $15,000,000 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 3.02(b)3.02) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay or, prepay Loans to the extent permitted by Section 2.11, prepay Loans 2.13 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 3 contracts

Samples: Credit Agreement (Galileo International Inc), Credit Agreement (Galileo International Inc), Credit Agreement (Galileo International Inc)

Commitments to Lend. 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 or any Eligible Subsidiary either 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 to all both Borrowers shall not exceed the amount of its such Bank's Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 5,000,000 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 3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a Borrower the Borrowers may borrow under this Section, repay or, to the extent permitted by Section 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under pursuant to this Section.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Aramark Corp), Credit and Guaranty Agreement (Aramark Corp)

Commitments to Lend. 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 or any Eligible Subsidiary 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 to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay orrepay, 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 2 contracts

Samples: Credit Agreement (Harcourt General Inc), Credit Agreement (Harcourt General Inc)

Commitments to Lend. (a Revolving Loans. 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 or any Eligible Subsidiary Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Revolving Loans by such Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the maximum aggregate amount available in accordance with Section 3.02(b3.02(d)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Commitments to Lend. 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 or any Eligible Subsidiary Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount Credit Exposure of Committed Loans by such Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing Borrowing, under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay orrepay, 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 2 contracts

Samples: Credit Agreement (Meadwestvaco Corp), Credit Agreement (Meadwestvaco Corp)

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 or any Eligible Subsidiary Additional Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Loans Revolving Exposure by such Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Available Commitments. Within the foregoing limits, a the Borrower or any Additional Borrower may borrow under this Section, repay orrepay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Availability Period under this Section.

Appears in 2 contracts

Samples: Credit Agreement (Ingersoll Rand Co LTD), Credit Agreement (Ingersoll Rand Co LTD)

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 or any Eligible Subsidiary 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 to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $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 3.02(b)3.2) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay or, prepay Loans to the extent permitted by Section 2.11, prepay Loans 2.11 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Quaker State Corp)

Commitments to Lend. 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 or any Eligible Subsidiary Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount Revolving Exposure of Committed Loans by such a Bank at any one time outstanding to all Borrowers shall not exceed the amount of its such Bank’s Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b3.02(c)) and shall be made from the several Banks ratably in proportion to accordance with their respective CommitmentsApplicable Percentages. Within the foregoing limits, a the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Carlisle Companies Inc)

Commitments to Lend. 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 or any Eligible Subsidiary 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 to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b)of the unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay orrepay, or to the extent permitted by Section 2.112.09, 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. 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 or any Eligible Subsidiary 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 to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing Borrowing, under this Section subsection (a) shall be in an aggregate principal amount of $15,000,000 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 3.02(b3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Sectionsubsection (a), repay orrepay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this Sectionsubsection (a).

Appears in 1 contract

Samples: Credit Agreement (Westvaco Corp)

Commitments to Lend. 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 or any Eligible Subsidiary either 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 to all both Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b)3.2) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a Borrower the Borrowers may borrow under this Section, repay or, prepay Loans to the extent permitted by Section 2.11, prepay Loans 2.12 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Financial Services Inc /Oh/)

Commitments to Lend. 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 or any Eligible Subsidiary Co-Borrowers pursuant to this Section from time to time in amounts such that the aggregate principal amount Revolving Exposure of Committed Loans by such a Bank at any one time outstanding to all Borrowers shall not exceed the amount of its such Bank’s Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b3.02(c)) and shall be made from the several Banks ratably in proportion to accordance with their respective CommitmentsApplicable Percentages. Within the foregoing limits, a Borrower the Co-Borrowers may borrow under this Section, repay or, to the extent permitted by Section 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Carlisle Companies Inc)

Commitments to Lend. 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 or any Eligible Subsidiary 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 to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a any Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Imc Global Inc)

Commitments to Lend. 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 or any Eligible Subsidiary 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 to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 10,000,000 or any larger amount that is a multiple of $1,000,000 (except 1,000,000; provided, that any such Borrowing under this Section may be in the aggregate amount available in accordance with Section 3.02(b)) and . Each Borrowing under this Section shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay orrepay, 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: Medium Term Credit Agreement (Chubb Corp)

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Commitments to Lend. 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 or any Eligible Subsidiary 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 to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b3.2(e)) and shall be made from the several Banks ratably in proportion to their 18 respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay orrepay, 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 (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 or any Eligible Subsidiary 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 to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b)3.2) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay or, prepay Loans to the extent permitted by Section 2.11, prepay Loans 2.12 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Credit Agreement (Quaker State Corp)

Commitments to Lend. 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 or any Eligible Subsidiary Borrowers 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 principal amount Dollar Amount of such Bank's Committed Loans by such Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each The aggregate Dollar Amount of each Borrowing under this Section shall not be in an aggregate principal amount of less than $15,000,000 or any larger multiple of $1,000,000 10,000,000 (except that any such Borrowing may be in an aggregate Dollar Amount equal to the aggregate amount available in accordance with Section 3.02(b3.02)) and . Each Borrowing under this Section shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a Borrower the Borrowers may borrow under this Section, repay or, prepay Loans to the extent permitted by Section 2.11, prepay Loans 2.11 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Boise Cascade Office Products Corp)

Commitments to Lend. (a) Revolving Loans. 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 or any Eligible Subsidiary Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Revolving Loans by such Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the maximum aggregate amount available in accordance with Section 3.02(b3.03(d)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Commitments to Lend. 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 or any Eligible Subsidiary 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 to all Borrowers shall not exceed the amount of its such Bank's Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 5,000,000 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 3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under pursuant to this Section.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Aramark Corp)

Commitments to Lend. 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 or any Eligible Subsidiary Borrower pursuant to this Section 2.01 from time to time in amounts such that the aggregate principal amount of Committed Loans loans by such Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section 2.01 shall be in an aggregate principal amount of $15,000,000 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 3.02(b)) and shall be made from the several Banks ratably in proportion to their respective CommitmentsCommitments in effect on the date of Borrowing. Within the foregoing limits, a the Borrower may borrow under this SectionSection 2.01, repay or, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this SectionSection 2.01.

Appears in 1 contract

Samples: Credit Agreement (Duke Capital LLC)

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 or any Eligible Subsidiary pursuant to this Section Borrower from time to time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b)of the unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay or, prepay Loans to the extent permitted by Section 2.11, prepay Loans 2.10 and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (United Auto Group Inc)

Commitments to Lend. 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 or any Eligible Subsidiary 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 to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing Borrowing, under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b3.3(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay orrepay, 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 (Meadwestvaco Corp)

Commitments to Lend. 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 or any Eligible Subsidiary 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 to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 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 3.02(b3.2(e)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay orrepay, or to the extent permitted by Section 2.112.10, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Conformed (K N Energy Inc)

Commitments to Lend. Revolving Loans. 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 or any Eligible Subsidiary Borrower pursuant to this Section from time to time in amounts such that the aggregate principal amount of Committed Revolving Loans by such Bank at any one time outstanding to all Borrowers shall not exceed the amount of its Commitment. Each Borrowing under this Section shall be in an aggregate principal amount of $15,000,000 10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the maximum aggregate amount available in accordance with Section 3.02(b3.03(d)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Commitments to Lend. 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 or any Eligible Subsidiary 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 to all Borrowers plus its Letter of Credit Liabilities shall not exceed the amount of its Commitment. Each Borrowing under this Section 2.01 shall be in an aggregate principal amount of $15,000,000 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 3.02(b3.02(c)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, a the Borrower may borrow under this SectionSection 2.01, repay orrepay, or to the extent permitted by Section 2.112.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this SectionSection 2.01.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Usf&g Corp)

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