Common use of Compliance with Commitments Clause in Contracts

Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding Swingline Loans plus the aggregate principal amount of outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effect, (ii) the aggregate principal amount of the outstanding LOC Obligations shall not exceed the LOC Committed Amount, and (iii) the aggregate principal amount of the outstanding Swingline Loans shall not exceed the Swingline Committed Amount.

Appears in 4 contracts

Samples: Credit Agreement (Mednax, Inc.), Credit Agreement (Mednax, Inc.), Credit Agreement (Mednax, Inc.)

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Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding Swingline Loans plus the aggregate principal amount of outstanding LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount then in effectand (B) the Borrowing Base, (ii) the aggregate principal amount of the outstanding LOC Obligations shall not exceed the LOC Committed Amount, and (iii) the aggregate principal amount of the outstanding Swingline Loans shall not exceed the Swingline Committed AmountAmount and (iv) the aggregate principal amount of outstanding Revolving Loans and Swingline Loans made to the Company plus the outstanding Company LOC Obligations shall not exceed $150,000,000 at any time outstanding.

Appears in 2 contracts

Samples: Credit Agreement (Alliance One International, Inc.), Credit Agreement (Alliance One International, Inc.)

Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding Swingline Loans plus the aggregate principal amount of outstanding LOC Obligations shall not exceed the lesser of (A) the Revolving Committed Amount then in effectand (B) the Working Capital Amount, (ii) the aggregate principal amount of the outstanding LOC Obligations shall not exceed the LOC Committed Amount, and (iii) the aggregate principal amount of the outstanding Swingline Loans shall not exceed the Swingline Committed AmountAmount and (iv) the aggregate principal amount of outstanding Revolving Loans and Swingline Loans made to the Company plus the outstanding Company LOC Obligations shall not exceed $200,000,000 at any time outstanding.

Appears in 2 contracts

Samples: Credit Agreement (Alliance One International, Inc.), Credit Agreement (Alliance One International, Inc.)

Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding Swingline Loans plus the aggregate principal amount of outstanding LOC Obligations shall not exceed (A) on or prior to the Subsequent Transactions Closing Date, the aggregate Revolving Committed Amount then in effect and (B) after the Subsequent Transactions Closing Date, the lesser of the Revolving Committed Amount then in effecteffect and the Borrowing Base, (ii) the aggregate principal amount of the outstanding LOC Obligations shall not exceed the LOC Committed Amount, Amount and (iii) the aggregate principal amount of the outstanding Swingline Loans shall not exceed the Swingline Committed AmountCommitment.

Appears in 1 contract

Samples: Credit Agreement (Galey & Lord Inc)

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Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding Swingline Loans plus the aggregate principal amount of outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effect, (ii) the aggregate principal amount of the outstanding LOC Obligations shall not exceed the LOC Committed Amount, and (iii) the aggregate principal amount of the outstanding Swingline Loans shall not exceed the Swingline Committed AmountAmount and (iv) the outstanding principal amount of the Term Loans shall not exceed the Term Loan Committed Amount or the value of the Term Loan Collateral contained in the Term Loan Collateral Account.

Appears in 1 contract

Samples: Credit Agreement (GPM Petroleum LP)

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