Common use of Dollar Tranche Loans Clause in Contracts

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forth, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower (each such loan, a “Dollar Tranche Loan”) in an aggregate Outstanding Amount not to exceed at any time the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided that (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Dollar Tranche Loans, Availability shall be greater than or equal to $0.

Appears in 2 contracts

Samples: Credit Agreement (Americold Realty Trust), Credit Agreement (Americold Realty Trust)

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Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower revolving loans (each such loan, a “Dollar Tranche Loan”) to the Borrowers in Dollars on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that after giving effect to any Committed Borrowing of Dollar Tranche Loans, (w) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, (x) any the aggregate Outstanding Amount of the foregoing Dollar Tranche Loans, plus the Outstanding Amount of all L/C Obligations, plus the Outstanding Amount of all Swing Line Loans shall not exceed the aggregate amount of all Dollar Tranche Commitments, (y) the aggregate Outstanding Amount of the Committed Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Lender’s Revolving Commitment and (z) the aggregate Outstanding Amount of the Dollar Tranche Loans (1) shall be made at of any time and from time to time during the Availability PeriodRevolving Lender, (2) may, at the option plus such Revolving Lender’s Applicable Percentage of the Borrower Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Lender’s Dollar Tranche Commitment. Within the limits of each Revolving Lender’s Dollar Tranche Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Dollar Tranche Loans may be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans Rate Loans, as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Dollar Tranche Loans, Availability shall be greater than or equal to $0.

Appears in 2 contracts

Samples: Credit Agreement (Sabra Health Care REIT, Inc.), Credit Agreement (Sabra Health Care REIT, Inc.)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated to the Borrowers in Dollars to the Borrower (each such loan, a “Dollar Tranche Loan”) on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Committed Borrowing of Dollar Tranche Loans, Availability (w) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, (x) the aggregate Outstanding Amount of the Dollar Tranche Loans, plus the Outstanding Amount of all L/C Obligations shall not exceed the aggregate amount of all Dollar Tranche Commitments, (y) the aggregate Outstanding Amount of the Committed Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Revolving Commitment and (z) the aggregate Outstanding Amount of the Dollar Tranche Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Dollar Tranche Commitment. Within the limits of each Revolving Lender’s Dollar Tranche Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Dollar Tranche Loans may be greater than Base Rate Loans, Daily SOFR Loans or equal to $0Term SOFR Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forth, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Parent Borrower (each such loan, a “Dollar Tranche Loan”) in an aggregate Outstanding Amount not to exceed at any time the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided that (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Parent Borrower be incurred and maintained as, and/or converted into, Base Rate Loans, LIBOR Floating Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Dollar Tranche Loans, Availability shall be greater than or equal to $0.

Appears in 1 contract

Samples: Assignment and Assumption (Americold Realty Trust)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower revolving loans (each such loan, a “Dollar Tranche Loan”) to Borrower in Dollars on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Borrowing of Dollar Tranche Loans, Availability (w) the Total Outstandings shall not exceed the Aggregate Commitments, (x) the aggregate Outstanding Amount of the Dollar Tranche Loans shall not exceed the aggregate amount of all Dollar Tranche Commitments, (y) the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Commitment and (z) the aggregate Outstanding Amount of the Dollar Tranche Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Dollar Tranche Commitment. Within the limits of each Lender’s Dollar Tranche Commitment, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.01, prepay under Section 2.04, and reborrow under this Section 2.01. Dollar Tranche Loans may be greater than Base Rate Loans, LIBOR Daily Floating Rate Loans or equal to $0Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower revolving loans (each such loan, a “Dollar Tranche Loan”) to the Borrower in Dollars on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that after giving effect to any Committed Borrowing of Dollar Tranche Loans, (w) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, (x) any the aggregate Outstanding Amount of the foregoing Dollar Tranche Loans, plus the Outstanding Amount of all L/C Obligations, plus the Outstanding Amount of all Swing Line Loans shall not exceed the aggregate amount of all Dollar Tranche Commitments, (y) the aggregate Outstanding Amount of the Committed Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Lender’s Revolving Commitment and (z) the aggregate Outstanding Amount of the Dollar Tranche Loans (1) shall be made at of any time and from time to time during the Availability PeriodRevolving Lender, (2) may, at the option plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Lender’s Dollar Tranche Commitment. Within the limits of each Revolving Lender’s Dollar Tranche Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Dollar Tranche Loans may be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans Rate Loans, as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Dollar Tranche Loans, Availability shall be greater than or equal to $0.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Care Capital Properties, Inc.)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forth, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower BorrowerBorrowers (each such loan, a “Dollar Tranche Loan”) in an aggregate Outstanding Amount not to exceed at any time the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided that (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower BorrowerBorrowers be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Dollar Tranche Loans, Availability shall be greater than or equal to $0.

Appears in 1 contract

Samples: Credit Agreement (Americold Realty Trust)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower revolving loans (each such loan, a “Dollar Tranche Loan”) to the Borrowers in Dollars on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Committed Borrowing of Dollar Tranche Loans, Availability (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, (ii) the aggregate Outstanding Amount of the Dollar Tranche Loans, plus the Outstanding Amount of all L/C Obligations shall not exceed the aggregate amount of all Dollar Tranche Commitments, (iii) the aggregate Outstanding Amount of the Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Revolving Commitment and (iv) the aggregate Outstanding Amount of the Dollar Tranche Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Dollar Tranche Commitment. Within the limits of each Revolving Lender’s Dollar Tranche Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Dollar Tranche Loans may be greater than Base Rate Loans, Daily Floating Rate Loans or equal to $0Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas, Inc.)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower revolving loans (each such loan, a “Dollar Tranche Loan”) to the Borrowers in Dollars on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Committed Borrowing of Dollar Tranche Loans, Availability (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, (ii) the aggregate Outstanding Amount of the Dollar Tranche Loans, plus the Outstanding Amount of all L/C Obligations shall not exceed the aggregate amount of all Dollar Tranche Commitments, (iii) the aggregate Outstanding Amount of the Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Revolving Commitment and (iv) the aggregate Outstanding Amount of the Dollar Tranche Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Dollar Tranche Commitment. Within the limits of each Revolving Lender’s Dollar Tranche Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Dollar Tranche Loans may be greater than Base Rate Loans, Daily Floating RateSOFR Loans or equal to $0Eurocurrency RateTerm SOFR Loans, as further provided herein.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas, Inc.)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower loans (each such loan, a “Dollar Tranche Loan”) to the Parent Borrower and any Domestic Designated Borrower in Dollars from time to time, on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount as to all Borrowers not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing under this Section 2.01(b)(i), (w) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility at such time, (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely Outstanding Amount of Dollar Tranche Loans plus the Outstanding Amount of all L/C Obligations, plus the Outstanding Amount of all Swing Line Loans shall not exceed the Aggregate Dollar Tranche Commitments, (y) the Outstanding Amount of the same TypeRevolving Credit Loans of any Revolving Credit Lender, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in plus such Revolving Credit Lender’s (A) Dollar Tranche Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Credit Exposure at such time exceeding Lender’s Dollar Tranche Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment at such time or and (Bz) the Outstanding Amount of the Dollar Tranche Exposure at such time exceeding Loans of any Revolving Credit Lender, plus such Revolving Credit Lender’s Dollar Tranche Commitment at Percentage of the Outstanding Amount of all L/C Obligations, plus such time Revolving Credit Lender’s Dollar Tranche Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Dollar Tranche Commitment. Within the limits of each Revolving Credit Lender’s Dollar Tranche Commitment, and (5) shall not, after giving effect thereto and subject to the application of the proceeds thereofother terms and conditions hereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) each Borrower may borrow under this Section 2.01(b)(i), prepay under Section 2.06, and reborrow under this Section 2.01(b)(i). Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Dollar Tranche Loans may be Base Rate Loans, Availability shall be greater than LIBOR Floating RateDaily SOFR Loans or equal to $0Eurocurrency RateTerm SOFR Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (W. P. Carey Inc.)

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Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower loans (each such loan, a “Dollar Tranche Loan”) to the Parent Borrower and any Domestic Designated Borrower in Dollars from time to time, on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount as to all Borrowers not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing under this Section 2.01(b)(i), (w) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility at such time, (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely Outstanding Amount of Dollar Tranche Loans plus the Outstanding Amount of all L/C Obligations, plus the Outstanding Amount of all Swing Line Loans shall not exceed the Aggregate Dollar Tranche Commitments, (y) the Outstanding Amount of the same TypeRevolving Credit Loans of any Revolving Credit Lender, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in plus such Revolving Credit Lender’s (A) Dollar Tranche Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Credit Exposure at such time exceeding Lender’s Dollar Tranche Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment at such time or and (Bz) the Outstanding Amount of the Dollar Tranche Exposure at such time exceeding Loans of any Revolving Credit Lender, plus such Revolving Credit Lender’s Dollar Tranche Commitment at Percentage of the Outstanding Amount of all L/C Obligations, plus such time Revolving Credit Lender’s Dollar Tranche Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Dollar Tranche Commitment. Within the limits of each Revolving Credit Lender’s Dollar Tranche Commitment, and (5) shall not, after giving effect thereto and subject to the application of the proceeds thereofother terms and conditions hereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) each Borrower may borrow under this Section 2.01(b)(i), prepay under Section 2.06, and reborrow under this Section 2.01(b)(i). Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Dollar Tranche Loans may be Base Rate Loans, Availability shall be greater than LIBOR Floating Rate Loans or equal to $0Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (W. P. Carey Inc.)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower loans (each such loan, a “Dollar Tranche Loan”) to the Borrower in Dollars from time to time, on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing under this Section 2.01(b)(i), (w) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility at such time, (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely aggregate Outstanding Amount of Dollar Tranche Loans plus the Outstanding Amount of all L/C Obligations, plus the Outstanding Amount of all Swing Line Loans shall not exceed the Aggregate Dollar Tranche Commitments, (y) the aggregate Outstanding Amount of the same TypeRevolving Credit Loans of any Revolving Credit Lender, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in plus such Revolving Credit Lender’s (A) Applicable Dollar Tranche Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Credit Exposure at such time exceeding Lender’s Applicable Dollar Tranche Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment at such time or and (Bz) the aggregate Outstanding Amount of the Dollar Tranche Exposure at Loans of any Revolving Credit Lender, plus such time exceeding Revolving Credit Lender’s Applicable Dollar Tranche Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Credit Lender’s Applicable Dollar Tranche Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Dollar Tranche Commitment. Within the limits of each Revolving Credit Lender’s Dollar Tranche Commitment at such time Commitment, and (5) shall not, after giving effect thereto and subject to the application of other terms and conditions hereof, the proceeds thereofBorrower may borrow under this Section 2.01(b)(i), result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) prepay under Section 2.06, and reborrow under this Section 2.01(b)(i). Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Dollar Tranche Loans may be Base Rate Loans or Eurocurrency Rate Loans, Availability shall be greater than or equal to $0as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (W. P. Carey Inc.)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower revolving loans (each such loan, a “Dollar Tranche Loan”) to the Borrowers in Dollars on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Committed Borrowing of Dollar Tranche Loans, Availability (w) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, (x) the aggregate Outstanding Amount of the Dollar Tranche Loans, plus the Outstanding Amount of all L/C Obligations shall not exceed the aggregate amount of all Dollar Tranche Commitments, (y) the aggregate Outstanding Amount of the Committed Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Revolving Commitment and (z) the aggregate Outstanding Amount of the Dollar Tranche Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Dollar Tranche Commitment. Within the limits of each Revolving Lender’s Dollar Tranche Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Dollar Tranche Loans may be greater than Base Rate Loans, LIBOR Floating Rate Loans or equal to $0Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower loans (each such loan, a “Dollar Tranche Loan”) to the Borrower in Dollars from time to time, on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing under this Section 2.01(a), (i) the Total Revolving Credit Outstandings shall not exceed the least of (x) any the Borrowing Base Amount at such time, (y) the Mortgageability Amount at such time and (z) the Aggregate Commitments at such time, (ii) the aggregate Outstanding Amount of the foregoing such Dollar Tranche Loans (1) plus the Outstanding Amount of all L/C Obligations, plus the Outstanding Amount of all Swing Line Loans shall be made at any time and from time to time during not exceed the Availability PeriodAggregate Dollar Tranche Commitments, (2iii) may, at the option aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment and (iv) the aggregate Outstanding Amount of the Dollar Tranche Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Dollar Tranche Commitment. Within the limits of each Lender’s Dollar Tranche Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(a), prepay under Section 2.05, and reborrow under this Section 2.01(a). Dollar Tranche Loans may be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans Rate Loans, as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Dollar Tranche Loans, Availability shall be greater than or equal to $0.

Appears in 1 contract

Samples: Credit Agreement (Corporate Property Associates 16 Global Inc)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower loans (each such loan, a “Dollar Tranche Loan”) to the Company and any Domestic Designated Borrower in Dollars from 63861415 time to time, on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount as to all Borrowers not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing under this Section 2.01(b)(i), (w) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility at such time, (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely Outstanding Amount of Dollar Tranche Loans plus the Outstanding Amount of all L/C Obligations, plus the Outstanding Amount of all Swing Line Loans shall not exceed the Aggregate Dollar Tranche Commitments, (y) the Outstanding Amount of the same TypeRevolving Credit Loans of any Revolving Credit Lender, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in plus such Revolving Credit Lender’s (A) Applicable Dollar Tranche Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Credit Exposure at such time exceeding Lender’s Applicable Dollar Tranche Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment at such time or and (Bz) the Outstanding Amount of the Dollar Tranche Exposure at Loans of any Revolving Credit Lender, plus such time exceeding Revolving Credit Lender’s Applicable Dollar Tranche Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Credit Lender’s Applicable Dollar Tranche Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Dollar Tranche Commitment. Within the limits of each Revolving Credit Lender’s Dollar Tranche Commitment at such time Commitment, and (5) shall not, after giving effect thereto and subject to the application of the proceeds thereofother terms and conditions hereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) each Borrower may borrow under this Section 2.01(b)(i), prepay under Section 2.06, and reborrow under this Section 2.01(b)(i). Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Dollar Tranche Loans may be Base Rate Loans or Eurocurrency Rate Loans, Availability shall be greater than or equal to $0as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (W. P. Carey Inc.)

Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forthforth herein, each Dollar Tranche Lender severally agrees to make Revolving Credit Loans denominated in Dollars to the Borrower revolving loans (each such loan, a “Dollar Tranche Loan”) to the Borrowers in Dollars on any Business Day during the Availability Period, in an aggregate Outstanding Amount amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Dollar Tranche Commitment; provided provided, however, that (x) any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect, and (y) after giving effect to any such Committed Borrowing of Dollar Tranche Loans, Availability (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, (ii) the aggregate Outstanding Amount of the Dollar Tranche Loans, plus the Outstanding Amount of all L/C Obligations shall not exceed the aggregate amount of all Dollar Tranche Commitments, (iii) the aggregate Outstanding Amount of the Revolving Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Revolving Commitment and (iv) the aggregate Outstanding Amount of the Dollar Tranche Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Dollar Tranche Commitment. Within the limits of each Revolving Lender’s Dollar Tranche Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. Dollar Tranche Loans may be greater than Base Rate Loans, Daily SOFR Loans or equal to $0Term SOFR Loans, as further provided herein.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas, Inc.)

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