Common use of Credit Commitments Clause in Contracts

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. 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 $20,000,00012,500,000. 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.