Common use of Commitments to Lend Clause in Contracts

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

Appears in 4 contracts

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

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

Appears in 3 contracts

Samples: Credit Agreement (Thomas & Betts Corp), 364 Day Credit Agreement (Thomas & Betts Corp), Credit Agreement (Thomas & Betts Corp)

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

Appears in 3 contracts

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

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

Appears in 2 contracts

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

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

Appears in 2 contracts

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

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans Loans to the Borrower Company pursuant to this subsection (aSection 2.01(a) from time to time in amounts such that (i) the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its CommitmentCommitment and (ii) the Total Outstanding Amount shall not exceed the aggregate amount of the Commitments. Within the foregoing limits, the Company may borrow under this Section 2.01(a), repay, or to the extent permitted by Section 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Borrowing under this Section 2.01 shall be in an aggregate principal amount of $25,000,000 10,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.03(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a), repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Rockwell Collins Inc), Credit Agreement (Rockwell Collins Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Co)

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

Appears in 1 contract

Samples: 364 Day Credit Agreement (Dover Corp)

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

Appears in 1 contract

Samples: Revolving Credit Bridge Agreement (Equity Residential)

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

Appears in 1 contract

Samples: Credit Agreement (Dean Witter Discover & Co)

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

Appears in 1 contract

Samples: Senior Reducing Revolving Credit Facility (Bellwether Exploration Co)

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Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower Company pursuant to this subsection (a) Section from time to 11 16 time in amounts such that the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to the Borrower shall not exceed the amount of its Commitment. Within the foregoing limits, the Company may borrow under this Section 2.01(a), repay, or to the extent permitted by Section 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). (b) Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make a loan to the Company on the Termination Date in an amount up to but not exceeding the amount of its Commitment. Amounts of any Loans made pursuant to this Section 2.01(b) which are prepaid pursuant to Section 2.12 shall not be reborrowed. (c) Each Borrowing under this Section 2.01 shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c3.02(b)) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this subsection (a), repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (New Rockwell Collins Inc)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower pursuant to this subsection (a) Section from time to time from the Closing Date to but excluding the Termination Date in amounts such that the sum of (i) the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to and (ii) the Borrower Letter of Credit Liabilities of 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 $25,000,000 5,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c)3.2) 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 subsection (a)Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination DateSection.

Appears in 1 contract

Samples: Credit Agreement (Cisco Systems Inc)

Commitments to Lend. (a) The Commitments. During the Revolving Credit Period each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower Company pursuant to this subsection (a) Section from time to time in amounts such that (1) the aggregate principal amount of Committed Loans by such Bank at any one time outstanding to plus the Borrower aggregate amount of its Letter of Credit Liabilities at such time shall not exceed the amount of its CommitmentCommitment and (2) the Total Outstanding Amount shall not exceed the aggregate amount of the Commitments. Within the foregoing limits, the Company may borrow under this ‎Section 2.01(a), repay, or to the extent permitted by ‎Section 2.12, prepay Loans and reborrow at any time during the Revolving Credit Period under this ‎Section 2.01(a). (b) Each Borrowing under this Section ‎Section 2.01 shall be in an aggregate principal amount of $25,000,000 or any larger multiple of $5,000,000 1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(c‎Section 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 subsection (a), repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Revolving Credit Period under this subsection (a). The Commitments shall terminate at the close of business on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Rockwell Collins Inc)

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

Appears in 1 contract

Samples: Credit Agreement (FMC Corp)

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

Appears in 1 contract

Samples: 364 Day Credit Agreement (Textron Financial Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

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