Commitments to Make Loans Sample Clauses
Commitments to Make Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Loans to the Borrower from time to time before the Termination Date; provided that, immediately after each such Loan is made, the aggregate outstanding principal amount of Loans by such Bank shall not exceed the amount of its Commitment, provided further that the aggregate principal amount of all Loans at any one time outstanding shall not exceed the aggregate amount of the Commitments of all of the Banks at such time. Each Euro-Dollar Borrowing under this Section 2.01 shall be in an aggregate principal amount of $5,000,000 or any larger multiple of $1,000,000 and each Base Rate Borrowing under this Section 2.01 shall be in an aggregate principal amount of $5,000,000 or any larger multiple of $500,000 (except that any such Borrowing may be in the aggregate amount of the Total Unused Commitments), and each Borrowing 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 2.01, repay or, to the extent permitted by Section 2.10, prepay Loans and reborrow under this Section at any time before the Termination Date.
Commitments to Make Loans. Subject to the terms and conditions of this Credit Agreement, each Lender severally agrees to make loans (“Revolving Credit Loans”) to the Borrower from time to time from the Effective Date through the Availability Termination Date as requested by the Borrower in accordance with the terms of Section 2.2 hereof; provided, that (a) the aggregate principal amount of all outstanding Revolving Credit Loans (after giving effect to any amount requested) plus all outstanding Swing Line Loans and L/C Obligations shall not exceed the Aggregate Commitment; and (b) the sum of (i) the principal amount of outstanding Revolving Credit Loans (after giving effect to any amount requested) from any Lender to the Borrower plus (ii) the product of (x) such Lender’s Commitment Percentage multiplied by (y) the aggregate outstanding L/C Obligations and Swing Line Loans, shall not at any time exceed such Lender’s Commitment as set forth on Schedule 1 hereto. Each Revolving Credit Loan by a Lender shall be in a principal amount equal to such Lender’s Commitment Percentage of the aggregate principal amount of Revolving Credit Loan requested on such occasion. Subject to the terms and conditions hereof, the Borrower may borrow, repay and reborrow Revolving Credit Loans hereunder until the Availability Termination Date.
Commitments to Make Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans in Dollars or in one or more Alternative Currencies, as applicable, to the Borrower from time to time before the Termination Date; provided that, immediately after each such Syndicated Loan is made, (i) the Outstanding Amount of Syndicated Loans by such Bank plus such Bank's pro rata share (based upon its percentage of Total Commitments) of the Dollar Equivalent amount of Letter of Credit Obligations shall not exceed the amount of its Commitment, (ii) the Total Outstandings shall not exceed the aggregate amount of the Commitments of all of the Banks at such time, and (iii) the Outstanding Amount of all Syndicated Loans, Money Market Loans and Letters of Credit Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. The Dollar Equivalent of each Eurocurrency Borrowing under this Section 2.01 shall be in an aggregate principal amount of $5,000,000 or any larger multiple of $1,000,000 and each Base Rate Borrowing under this Section 2.01 shall be in an aggregate principal amount of $5,000,000 or any larger multiple of $500,000 (except that any such Syndicated Borrowing may be in the aggregate amount of the Total Unused Commitments) and each Syndicated Borrowing 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 2.01, repay or, to the extent permitted by Section 2.11, prepay Syndicated Loans and reborrow under this Section 2.01 at any time before the Termination Date.
Commitments to Make Loans. (1) Each Lender, severally but not jointly, agrees to make revolving loans to each Borrower, which may be repaid and reborrowed from time to time on any Business Day, during the period from the First Amendment Effective Date to the Termination Date, in such amounts as a Borrower may from time to time request.
(2) All Loans shall be made by the Lenders on a pro rata basis, calculated for each Lender based on its Percentage.
Commitments to Make Loans. (a) Upon the terms and subject to the conditions set forth herein, each Lender with a Tranche A Commitment agrees to make a loan (each, a “Tranche A Loan”) to the Borrower on the Borrowing Date in a principal amount equal to its pro rata portion (in accordance with the respective Tranche A Commitments of all Lenders as of the Borrowing Date) of the Dollar amount of such Tranche A Borrowing set forth in the Notice of Borrowing; provided that the principal amount of Tranche A Loans made by any Lender hereunder shall not exceed the amount of such Lender’s Tranche A Commitment.
(b) Upon the terms and subject to the conditions set forth herein, each Lender with a Tranche B Commitment agrees to make a loan (each, a “Tranche B Loan”, and collectively, together with the Tranche A Loans, the “Loans”) to the Borrower on the Borrowing Date in a principal amount equal to its pro rata portion (in accordance with the respective Tranche B Commitments of all Lenders as of the Borrowing Date) of the Dollar amount of the Tranche B Borrowing set forth in the Notice of Borrowing; provided that the principal amount of Tranche B Loans made by any Lender shall not exceed the amount of such Lender’s Tranche B Commitment.
(c) Amounts repaid in respect of Loans may not be reborrowed. All Loans shall be funded in Dollars, as more fully set forth in Section 2.02(a). The Commitments of the Lenders are several, i.e., the failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder, and no Lender shall be responsible for any other Lender’s failure to make Loans as and when required hereunder.
Commitments to Make Loans. So long as no Event of Default has occurred and is continuing, subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Loan”) to the Borrower from time to time, on any Business Day during the Revolving Credit Period; provided, however, that after giving effect to all amounts requested, the Aggregate Note Principal Balance shall not exceed the lesser of (i) Aggregate Commitments and (ii) the Asset Base, calculated (in the case of clause (ii)) after giving effect to the addition of the Eligible Containers, if any, to be acquired with the proceeds of such Loan. Loans shall be LIBOR Rate Loans or, under the circumstances set forth in Section 5.4 or Section 5.5 hereof, a Cost of Funds Loan.
Commitments to Make Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Loan”) to the Borrower from time to time, on any Business Day during the Revolving Credit Period; provided, however, that (x) the principal amount of each Loan shall not exceed an amount equal to the product of (1) the Advance Rate then in effect and (2) the Net Investment Value of the Finance Lease to be originated or acquired with the proceeds of such Loan, and (y) after giving effect to the requested Loan, the Aggregate Loan Principal Balance shall not exceed the lesser of (i) the Aggregate Commitments and (ii) the Asset Base, calculated (in the case of clause (ii)) after giving effect to the origination or acquisition of the Finance Lease to be originated or acquired with the proceeds of such Loan. Loans shall be LIBOR Rate Loans or, under the circumstances set forth in Section 5.4 or 5.5, a Base Rate Loan.
Commitments to Make Loans. Each Lender, severally but not jointly, agrees to make term loans to the Borrowers (collectively the “Loans” and each individually a “Loan”) from time to time during the Availability Period, in the amount that the Borrowers may request (as set forth in Section 2.3) up to, but not exceeding, after giving effect to such Loan and all other outstanding Loans of such Lender, the unused portion of such Xxxxxx’s Commitment; provided, that the sum of the Loans advanced by the Lenders under this Section 2.1 shall not exceed the Aggregate Commitment Amount.
Commitments to Make Loans. Subject to the terms and conditions hereof, each Lender that has a Commitment severally agrees to make a term loan or term loans to the Borrower (each a “Loan” and collectively, the “Loans”), which Loans (i) shall be incurred pursuant to a single drawing on the Closing Date and (ii) shall be denominated in U.S. dollars. Once repaid, Loans incurred hereunder may not be re-borrowed.
Commitments to Make Loans. (a) The Bank hereby agrees, on the terms and conditions set forth herein, to establish a term loan facility by making Draw One to the Borrower on the Draw One Date in an aggregate principal amount not to exceed the Draw One Commitment. The Bank and the Borrower agree that on the Draw One Date the aggregate amount of the Base Rate Loans and Euro-Dollar Loans outstanding shall automatically convert into Draw One. The Draw One Commitment shall terminate on the earlier of (i) the Draw One Date and (ii) May 1, 2002.
(b) The Bank hereby agrees, on the terms and conditions set forth herein, to make Draw Two to the Borrower on the Draw Two Date in an aggregate principal amount not to exceed the Draw Two Commitment. Draw Two shall be advanced to the Borrower on the date specified in the Notice of Borrowing. The Draw Two Commitment shall terminate on the earlier of (i) the Draw Two Date and (ii) May 1, 2002.
(c) The Bank shall have no obligation to advance any moneys to the Borrower other than pursuant to clauses (a) and (b) above.