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 outstanding Swingline Loans, plus LOC Obligations shall not exceed the Committed Amount then in effect, (ii) the LOC Obligations shall not exceed the LOC Committed Amount, (iii) the Swingline Loans shall not exceed the Swingline Committed Amount, and (iv) the aggregate principal amount of outstanding Revolving Loans denominated in any Alternative Currency plus LOC Obligations denominated in any Alternative Currency shall not exceed the Alternative Currency Sub-Limit. For purposes of completing the calculations set forth in this Section 3.2(d), Revolving Loans and LOC Obligations denominated in Alternative Currencies shall be redenominated in Dollars in an amount equal to the Dollar Equivalent thereof.

Appears in 4 contracts

Samples: Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource 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 outstanding Swingline Loans, plus LOC Obligations shall not exceed the Committed Amount then in effect, (ii) the LOC Obligations shall not exceed the LOC Committed AmountAmount (other than in as a result of a reduction of the LOC Committed Amount pursuant to the definition thereof, but only if such excess has been cash collateralized in accordance with the terms hereof), (iii) the Swingline Loans shall not exceed the Swingline Committed Amount, and (iv) the aggregate principal amount of outstanding Revolving Loans denominated in any Alternative Currency plus LOC Obligations denominated in any Alternative Currency shall not exceed the Alternative Currency Sub-Limit. For purposes of completing the calculations set forth in this Section 3.2(d), Revolving Loans and LOC Obligations denominated in Alternative Currencies shall be redenominated in Dollars in an amount equal to the Dollar Equivalent thereof.

Appears in 2 contracts

Samples: Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource 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, Loans plus outstanding Swingline Loans, Loans plus LOC Obligations shall not exceed the Committed Amount then in effect, (ii) the LOC Obligations shall not exceed the LOC Committed Amount, (iii) the Swingline Loans shall not exceed the Swingline Committed Amount, and (iv) the aggregate principal amount of outstanding Revolving Loans denominated in any an Alternative Currency plus LOC Obligations denominated in any an Alternative Currency shall not exceed the Alternative Currency Sub-Limit. For purposes of completing the calculations set forth in this Section 3.2(d), ) Revolving Loans and LOC Obligations denominated in Alternative Currencies shall be redenominated in Dollars in an amount equal to the Dollar Equivalent thereof.

Appears in 1 contract

Samples: Credit Agreement (American Capital Strategies LTD)

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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, Loans plus outstanding Swingline Loans, Loans plus LOC Obligations shall not exceed the Committed Amount then in effect, (ii) the LOC Obligations shall not exceed the LOC Committed Amount, (iii) the Swingline Loans shall not exceed the Swingline Committed Amount, and (iv) the aggregate principal amount of outstanding Revolving Loans denominated in any an Alternative Lending Currency plus LOC Obligations denominated in any an Alternative Lending Currency shall not exceed the Alternative Lending Currency Sub-Limit. For purposes of completing the calculations set forth in this Section 3.2(d), ) Revolving Loans and LOC Obligations denominated in Alternative Lending Currencies shall be redenominated in Dollars in an amount equal to the Dollar Equivalent thereof.

Appears in 1 contract

Samples: Credit Agreement (American Capital Strategies LTD)

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