Common use of Commitments to Make Loans Clause in Contracts

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 shall be in an aggregate principal amount of $1,000,000 or any larger multiple of $500,000 and each Base Rate Borrowing under this Section shall be in an aggregate principal amount of $500,000 or any larger multiple of $100,000 (except that any such Borrowing may be in the aggregate amount 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 under this Section at any time before the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Blessings Corp)

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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 during the period from the Effective Date and before the Revolver 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 shall be in an aggregate principal amount of $1,000,000 3,000,000 or any larger multiple of $500,000 (except that any such Euro-Dollar Borrowing may be in the amount of the Unused Commitments) and each shall be made from the several Banks ratably in proportion to their respective Commitments. Each Base Rate Borrowing under this Section shall be in an aggregate principal amount of $500,000 1,000,000 or any larger multiple of $100,000 500,000 (except that any such Base Rate Borrowing may be in the aggregate amount 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, or prepay Loans and reborrow under this Section at any time before the Revolver Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Carmike Cinemas Inc)

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 shall be in an aggregate principal amount of $1,000,000 5,000,000 or any larger multiple of $500,000 1,000,000 and each Base Rate Borrowing under this Section shall be in an aggregate principal amount of $500,000 1,000,000 or any larger multiple of $100,000 1,000,000 (except that any such Borrowing may be in the aggregate amount of the Unused Commitments) and each Borrowing under this Section 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 under this Section at any time before the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

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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 $1,000,000 5,000,000 or any larger multiple of $500,000 1,000,000 and each Base Rate Borrowing under this Section 2.01 shall be in an aggregate principal amount of $500,000 5,000,000 or any larger multiple of $100,000 500,000 (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 SectionSection 2.01, repay or, to the extent permitted by Section 2.092.10, prepay Loans and reborrow under this Section at any time before the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Darden Restaurants Inc)

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