Committed Rate Loans. (a) Subject to the terms and conditions hereof, each Bank severally agrees to make loans on a revolving credit basis ("Committed Rate Loans") to any Specified Borrower from time to time during the Commitment Period; provided, that no Committed Rate Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, (i) the aggregate amount of the Exposure of all the Banks would exceed the aggregate amount of the Commitments, (ii) the aggregate amount of the Foreign Currency Exposure in respect of any Currency would exceed the Foreign Currency Exposure Sublimit for such Currency or (iii) in the case of Committed Rate Loans denominated in an Available Foreign Currency, the aggregate principal amount of Committed Rate Loans outstanding to any Bank in such Currency would exceed the Foreign Currency Commitment of such Bank in such Currency. During the Commitment Period, the Specified Borrowers may use the Commitments by borrowing, prepaying the Committed Rate Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. (b) The Committed Rate Loans may be made in Dollars or any Available Foreign Currency and may from time to time be (i) Committed Rate Eurocurrency Loans, (ii) in the case of Committed Rate Loans in Dollars only, Committed Rate ABR Loans or (iii) a combination thereof, as determined by the relevant Specified Borrower and set forth in the Notice of Borrowing or Notice of Conversion with respect thereto; provided, that no Committed Rate Eurocurrency Loan shall be made after the day that is one month prior to the Termination Date.
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Committed Rate Loans. (a) Subject to the terms and conditions hereof, each Bank severally agrees to make loans on a revolving credit basis ("“Committed Rate Loans"”) to any Specified Borrower from time to time during the Commitment Period; provided, that no Committed Rate Loan shall be made by any Bank if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, (i) the aggregate amount of the Exposure of all the Banks would exceed the aggregate amount of the Revolving Commitments, (ii) the aggregate amount of the Foreign Currency Exposure in respect of any Available Foreign Currency would exceed the Foreign Currency Exposure Sublimit for such Currency or (iii) in the case of Committed Rate Loans denominated in an Available Foreign Currency, the aggregate principal amount of Committed Rate Loans outstanding to any a Bank in such Currency would exceed the Foreign Currency Revolving Commitment of such Bank in such CurrencyCurrency or (iv) the aggregate amount of the Exposure of a Bank would exceed the Revolving Commitment of such Bank. During the Commitment Period, the Specified Borrowers may use the Revolving Commitments by borrowing, prepaying the Committed Rate Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
(b) The Committed Rate Loans may be made in Dollars or any Available Foreign Currency and may from time to time be (i) Committed Rate Eurocurrency Loans, (ii) in the case of Committed Rate Loans in Dollars only, Committed Rate ABR Loans or (iii) a combination thereof, as determined by the relevant Specified Borrower and set forth in the Notice of Borrowing or Notice of Conversion with respect thereto; provided, that no Committed Rate Eurocurrency Loan shall be made after the day that is one month prior to the Termination Date.
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Committed Rate Loans. (a) Subject to the terms and conditions hereof, each Bank ,
(i) Each Original Tranche Lender severally agrees to make loans Original Tranche Committed Rate Loans on a revolving credit basis ("Committed Rate Loans") to any Specified each Borrower from time to time during the Original Tranche Commitment Period; provided, that no Original Tranche Committed Rate Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, (ix) the aggregate amount of the Original Tranche Exposure of all the Banks would exceed the aggregate amount of the Commitments, Original Tranche Commitments or (iiy) the aggregate amount of the Foreign Currency Exposure in respect of any Currency attributable to Loans made to Domestic Loan Parties and to L/C Obligations would exceed the Foreign Currency Domestic Exposure Sublimit for such Currency or (iii) in the case of Committed Rate Loans denominated in an Available Foreign Currency, the aggregate principal amount of Committed Rate Loans outstanding to any Bank in such Currency would exceed the Foreign Currency Commitment of such Bank in such CurrencyCap. During the Original Tranche Commitment Period, the Specified Borrowers Period each Borrower may use the Original Tranche Commitments by borrowing, prepaying the Original Tranche Committed Rate Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
(ii) Each Extended Tranche Lender severally agrees to make Extended Tranche Committed Rate Loans on a revolving credit basis to each Borrower from time to time during the Extended Tranche Commitment Period; provided, that no Extended Tranche Committed Rate Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, (x) the amount of the Extended Tranche Exposure would exceed the aggregate amount of the Extended Tranche Commitments or (y) the aggregate Exposure attributable to Loans made to Domestic Loan Parties and to L/C Obligations would exceed the Domestic Exposure Cap. During the Extended Tranche Commitment Period each Borrower may use the Extended Tranche Commitments by borrowing, prepaying the Extended Tranche Committed Rate Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
(iii) Notwithstanding the foregoing, so long as any Original Tranche Commitments shall be in effect, neither Borrower shall borrow Committed Rate Loans of either Class unless it shall simultaneously borrow Committed Rate Loans of the other Class in the same Currency and, in the case of Eurocurrency Loans, with the same initial Interest Period in an aggregate amount such that the Loan made by each Lender on the occasion of such borrowing shall equal its Commitment Percentage of the aggregate amount borrowed.
(b) The Committed Rate Loans may be made in Dollars or any Available Foreign Currency and may from time to time be (i) Committed Rate Eurocurrency Loans, (ii) in the case of Committed Rate Loans in Dollars only, Committed Rate ABR Loans or (iii) a combination thereof, as determined by the relevant Specified applicable Borrower thereof and set forth in the Notice of Borrowing or Notice of Conversion with respect thereto; provided, that (x) so long as any Original Tranche Commitments remain in effect, no Committed Rate Eurocurrency Loan shall be made during the period beginning on the date that is one month prior to the Original Tranche Termination Date and ending on the Original Tranche Termination Date and (y) no Extended Tranche Committed Rate Eurocurrency Loan shall be made after the day that is one month prior to the Extended Tranche Termination Date.
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Samples: Multi Currency, Multi Option Credit Agreement (Harman International Industries Inc /De/)
Committed Rate Loans. (a) Subject to the terms and conditions hereof, each Bank severally agrees to make loans on a revolving credit basis ("“Committed Rate Loans"”) to any Specified Borrower from time to time during the Commitment Period; provided, that no Committed Rate Loan shall be made by any Bank if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, (i) the aggregate amount of the Exposure of all the Banks would exceed the aggregate amount of the Revolving Commitments, (ii) the aggregate amount of the Foreign Currency Exposure in respect of any Currency would exceed the Foreign Currency Exposure Sublimit for such Currency or (iii) in the case of Committed Rate Loans denominated in an Available Foreign Currency, the aggregate principal amount of Committed Rate Loans outstanding to any a Bank in such Currency would exceed the Foreign Currency Revolving Commitment of such Bank in such CurrencyCurrency or (iv) the aggregate amount of the Exposure of a Bank would exceed the Revolving Commitment of such Bank. During the Commitment Period, the Specified Borrowers may use the Revolving Commitments by borrowing, prepaying the Committed Rate Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
(b) The Committed Rate Loans may be made in Dollars or any Available Foreign Currency and may from time to time be (i) Committed Rate Eurocurrency Loans, (ii) in the case of Committed Rate Loans in Dollars only, Committed Rate ABR Loans or (iii) a combination thereof, as determined by the relevant Specified Borrower and set forth in the Notice of Borrowing or Notice of Conversion with respect thereto; provided, that no Committed Rate Eurocurrency Loan shall be made after the day that is one month prior to the Termination Date.
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Committed Rate Loans. (a) Subject to the terms and conditions hereof, each Bank severally agrees to make loans on a revolving credit basis ("Committed Rate Loans") to any Specified Borrower from time to time during the Commitment Period; provided, that no Committed Rate Loan shall be made by any Bank if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, (i) the aggregate amount of the Exposure of all the Banks would exceed the aggregate amount of the Commitments, (ii) the aggregate amount of the Foreign Currency Exposure in respect of any Currency would exceed the Foreign Currency Exposure Sublimit for such Currency or (iii) in the case of Committed Rate Loans denominated in an Available Foreign Currency, the aggregate principal amount of Committed Rate Loans outstanding to any a Bank in such Currency would exceed the Foreign Currency Commitment of such Bank in such CurrencyCurrency or (iv) the aggregate amount of the Exposure of a Bank would exceed the Commitment of such Bank. During the Commitment Period, the Specified Borrowers may use the Commitments by borrowing, prepaying the Committed Rate Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
(b) The Committed Rate Loans may be made in Dollars or any Available Foreign Currency and may from time to time be (i) Committed Rate Eurocurrency Loans, (ii) in the case of Committed Rate Loans in Dollars only, Committed Rate ABR Loans or (iii) a combination thereof, as determined by the relevant Specified Borrower and set forth in the Notice of Borrowing or Notice of Conversion with respect thereto; provided, that no Committed Rate Eurocurrency Loan shall be made after the day that is one month prior to the Termination Date.
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