Credit Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees (i) to make a Term Loan in Dollars to CCSC on the Effective Date in a principal amount not exceeding its Term Commitment and (ii) to make Tranche A Revolving Loans in Dollars or one or more Alternative Committed Currencies to any of CCSC or any Subsidiary Borrower (other than a French Borrower) from time to time during the Revolving Credit Commitment Period. Subject to the terms and conditions hereof, each Tranche B Revolving Lender severally agrees to make Tranche B Revolving Loans in Dollars or one or more Alternative Committed Currencies to any French Borrower from time to time during the Revolving Credit Commitment Period. All Loans outstanding under the Original Credit Agreement on the Effective Date shall be deemed to constitute Tranche A Revolving Loans hereunder. Amounts repaid in respect of Term Loans may not be reborrowed. During the Revolving Credit Commitment Period each Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event may Revolving Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the Aggregate Tranche A Revolving Credit Exposure would exceed the Total Tranche A Revolving Credit Commitment then in effect, (ii) the Aggregate Tranche B Revolving Credit Exposure would exceed the Total Tranche B Revolving Credit Commitment then in effect, (iii) the Tranche A Revolving Credit Exposure of any Tranche A Revolving Lender would exceed such Tranche A Revolving Lender’s Tranche A Revolving Credit Commitment, (iv) the Tranche B Revolving Credit Exposure of any Tranche B Revolving Lender would exceed such Tranche B Revolving Lender’s Tranche B Revolving Credit Commitment, (v) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans denominated in Euros would exceed $1,500,000,000, (vi) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans denominated in British Pounds Sterling would exceed $1,000,000,000 or (vii) the Assigned Dollar Value of all outstanding Alternative Committed Currency Loans would exceed $1,500,000,000.
(b) The Revolving Loans and Term Loans may from time to time be (i) Eurocurrency Loans denominated in Dollars...
Credit Commitments. (a) Subject to the terms and conditions hereof, (i) each Term B Lender severally agrees to make a Term B Loan in Dollars to the Borrower on the Effective Date in a principal amount not exceeding its Term B Commitment and, (ii) each Revolving Lender severally agrees to make Revolving Loans in Dollars to the Borrower from time to time during the Revolving Credit Commitment Period. Amounts repaid in respect of Term B Loans may not be reborrowed. During the Revolving Credit Commitment Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event may Revolving Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of Loans), (i) the Aggregate Revolving Credit Exposure would exceed the Total Revolving Credit Commitment then in effect or (ii) the Revolving Credit Exposure of any Revolving Lender would exceed such Revolving Lender's Revolving Credit Commitment.
(b) The Revolving Loans and Term B Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.02 and 2.03.
Credit Commitments. Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Bank severally agrees to make Revolving Credit Loans to any Borrower (on a several basis) at any time or from time to time on or after the date hereof to the Expiration Date, which Revolving Credit Loans (i) may be made and maintained in such Approved Currency as is requested by the applicable Borrower; (ii) shall not exceed in aggregate Principal Amount outstanding an amount which, when added to the aggregate outstanding Principal Amount of all Bid Loans and the Letter of Credit Outstandings at such time, is equal to the sum of the Revolving Credit Commitments at such time; (iii) shall not, in the case of Revolving Credit Loans incurred by Holdings, AGRI and AGRO, exceed in aggregate Principal Amount outstanding an amount which, when added to the outstanding Principal Amount of all Bid Loans incurred by all such Borrowers in the aggregate and the Letter of Credit Outstandings in respect of Letters of Credit issued for the account of all such Borrowers in the aggregate, is equal to the Holdings Sub-Limit; and (iv) shall not, in the case of Revolving Credit Loans incurred by the UK Borrower, exceed in aggregate Principal Amount outstanding an amount which, when added to the outstanding Principal Amount of all Bid Loans incurred by the UK Borrower and the Letter of Credit Outstandings in respect of Letters of Credit issued for the account of the UK Borrower, is equal to $20,000,000. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrowers may borrow, repay, and reborrow Revolving Credit Loans pursuant to this Section 2.01.
Credit Commitments. 13.1 The Company is not a party to any contract for rent lease hire purchase or purchase on conditional sale or credit sale or by instalment of any chattels or to any xxxx of sale and is not in breach of any such contract or xxxx so disclosed.
Credit Commitments. 29 SECTION 2.02. Procedure for Borrowing................................................................... 29 SECTION 2.03. Conversion and Continuation Options for Loans............................................. 31 SECTION 2.04. Swingline Loans........................................................................... 31
Credit Commitments. (a) Subject to the terms and conditions hereof, (i) each Lender severally agrees to make a Loan in Dollars to Borrower and the Additional Borrower on the Closing Date in a principal amount not exceeding its Commitment. Amounts repaid or prepaid in respect of Loans may not be reborrowed.
(b) The Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.02 and 2.03.
(c) Each Loan shall be made as part of a Borrowing consisting of Loans of the same Type made by the Lenders ratably in accordance with their respective Commitments. 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; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.
Credit Commitments. Within the limits of each Lender’s Revolving Credit Commitment, any Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.11 and reborrow under this Section 2.01(a).
Credit Commitments. (a) (i)(A) Subject to the terms and ------------------- conditions hereof, each Term B Dollar Lender severally agrees to make Term B Dollar Loans in Dollars to the U.S. Borrower on the Effective Date in a principal amount not to exceed its Term B Dollar Commitment.
Credit Commitments. (a) Subject to the terms and conditions hereof, (i) each Term B Lender severally agrees to make a Term B Loan in Dollars to IPG (US) on the Initial Borrowing Date in a principal amount not exceeding its Term B Commitment on such date (immediately prior to the termination thereof pursuant to Section 2.11(a)), (ii) each U.S. Revolving Lender severally agrees to make U.S. Revolving Loans to the U.S. Borrowers (on a joint and several basis) from time to time during the U.S. Revolving Credit Commitment Period, (iii) each Canadian Revolving Lender severally agrees to make Canadian Revolving Loans to the Canadian Borrower from time to time during the Canadian Revolving Credit Commitment Period and (iv) each Lender with an Incremental Term Commitment severally agrees to make a term loan (each, an “Incremental Term Loan” and, collectively, the “Incremental Term Loans”) to IPG (US) on the date of the effectiveness of such Incremental Term Commitment pursuant to Section 2.06 in a principal amount not exceeding its Incremental Term Commitment on such date (immediately prior to the termination thereof pursuant to Section 2.11(a)). Amounts repaid or prepaid in respect of Term Loans of any Class may not be reborrowed. During the U.S. Revolving Credit Commitment Period and the Canadian Revolving Credit Commitment Period, the U.S. Borrowers or the Canadian Borrower, as the case may be, may use the U.S. Revolving Credit Commitments or Canadian Revolving Credit Commitments, as the case may be, by borrowing, prepaying the U.S. Revolving Loans or Canadian Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event shall (A) U.S. Revolving Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of U.S. Revolving Loans or Swingline Loans), (i) the Aggregate U.S. Revolving Credit Exposure would exceed the Total U.S. Revolving Credit Commitment then in effect or (ii) the U.S. Revolving Credit Exposure of any U.S. Revolving Lender would exceed such U.S. Revolving Lender’s U.S. Revolving Credit Commitment or (B) Canadian Revolving Loans be borrowed under this Article II if, after giving effect thereto (and to any concurrent repayment or prepayment of Canadian Revolving Credit Advances), (i) the Aggregate Canadian Revolving Credit Exposure would exceed the Total Canadian Revolving Credit Comm...
Credit Commitments. (a) Subject to the terms and conditions hereof:
(i) Each Term B Lender severally agrees to make a Term B Loan in Dollars to Borrower on the Effective Date and on the Delayed Draw Closing Dates in an amount equal to the portion of such Lender’s Term B Commitment as requested by Borrower to be made on such date and in accordance with the limitations described in this clause (i). Term B Loans made on the Effective Date shall not exceed for any Lender the Term B Commitment of such Lender (as reduced by such Lender’s pro rata portion of the Delayed Draw Amount (as defined below)), and shall not exceed in the aggregate $1,250,000,000 minus the amount equal to 107% of the aggregate principal amount of the Province 2008 Notes (provided that (x) if such amount is less than $1,000,000, it shall be deemed to be zero and (y) in any event such amount shall not exceed $184,600,000) not validly tendered and accepted for purchase pursuant to the Province 2008 Notes Offer (or effectively redeemed or defeased) on or prior to the Effective Date (collectively, the “Delayed Draw Amount”). The Delayed Draw Amount shall remain available following the Effective Date and may be borrowed in not more than two drawings at any time following the Effective Date and on or prior to the 90th day following the Effective Date (each, a “Delayed Draw Closing Date”) for the purpose of purchasing Province 2008 Notes, together with premium and accrued and unpaid interest thereon (including for purposes of refinancing any purchase of such Province 2008 Notes during such period with other funds available to Borrower). Any remaining unutilized amount of the Term B Commitment shall thereafter cease to be available. In addition, the Term B Commitment shall not be available on the Effective Date, and shall be permanently reduced, in an amount equal to the aggregate principal amount of the Province 2013 Notes not validly tendered and accepted for purchase pursuant to the Province 2013 Notes Offer (or effectively redeemed or defeased) on or prior to the Effective Date but only to the extent such amount exceeds $10,000,000 (in which case the Term B Commitment shall be reduced by such entire amount and not solely the amount in excess of $10,000,000). Amounts prepaid or repaid in respect of Term B Loans may not be reborrowed.
(ii) Each Revolving Lender severally agrees to make Revolving Loans in Dollars to Borrower from time to time during the Revolving Credit Commitment Period; provided that (i) no more t...
