Domestic Loans Sample Clauses

Domestic Loans. Subject to the terms and conditions set forth in this Agreement, each of the Domestic Banks severally agrees to lend to Ryder and Ryder may borrow, repay, and reborrow from time to time during the Availability Period, upon notice by Ryder to the Administrative Agent given in accordance with this §2, such sums in Dollars as are equal to such Domestic Bank’s Domestic Commitment Percentage of the Domestic Loans requested by Ryder; provided that (a) the sum of (i) the Outstanding Amount of the Domestic Loans, plus (ii) the Outstanding Amount of L/C Obligations with respect to Letters of Credit issued for the account of Ryder and its domestic Subsidiaries, shall not, at any time and after giving effect to all amounts requested, exceed the Total Domestic Commitment and (b) the sum of (i) the Outstanding Amount of the Domestic Loans owed to a Domestic Bank, plus (ii) such Domestic Bank’s Domestic Commitment Percentage of the outstanding L/C Obligations with respect to Letters of Credit issued for the account of Ryder and its domestic Subsidiaries, shall not, at any time and after giving effect to all amounts requested, exceed such Domestic Bank’s Domestic Commitment.

Domestic Loans. With respect to any Domestic Loan, on the last Business Day of each calendar quarter;

Domestic Loans. Collectively, Loans made to Ryder by the Domestic Banks pursuant to §2.1.1 and the Domestic Swing Line Loans. Domestic Note. See §2.5(a).

Domestic Loans. Each Domestic Lender severally agrees, subject to the limitations set forth below with respect to the maximum amount of Domestic Loans permitted to be outstanding from time to time, to lend to Company from time to time during the period from the Closing Date to but excluding the Termination Date an aggregate amount not exceeding its Domestic Pro Rata Share of the aggregate amount of the Domestic Commitments to be used for the purposes identified in subsection 2.5A. The original amount of each Domestic Lender’s Domestic Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate original amount of the Domestic Commitments is $1,250,000,000; provided that the Domestic Commitments of Lenders shall be adjusted to give effect to any assignments of the Domestic Commitments pursuant to subsections 2.8 and 13.1B; and provided, further that the amount of the Domestic Commitments shall be reduced from time to time by the amount of any reductions thereto made pursuant to subsection 2.4A(ii). Each Domestic Lender’s Domestic Commitment shall expire on the Termination Date and all Domestic Loans and all other amounts owed hereunder with respect to the Domestic Loans and the Domestic Commitment of such Lender shall be paid in full no later than that date. Amounts borrowed under this subsection 2.1A(i) may be repaid and reborrowed to but excluding the Termination Date. Anything contained in this Agreement to the contrary notwithstanding, the Domestic Loans and the Domestic Commitments shall be subject to the limitation that in no event shall the Total Utilization of Domestic Commitments at any time exceed the Domestic Commitments then in effect. All Domestic Loans shall be denominated and funded in Dollars.

Domestic Loans. Domestic Loans made on any Funding Date (other than Swing Line Loans, Domestic Loans made pursuant to subsection 2.1A(iii) for the purpose of refunding Swing Line Loans, Negotiated Rate Loans and Domestic Loans made pursuant to subsection 3.3B for the purpose of reimbursing any Issuing Lender for the amount of a drawing under a Letter of Credit issued by it) shall be in an aggregate minimum amount of $50,000,000 and integral multiples of $10,000,000 in excess of that amount. Domestic Swing Line Loans made on any Funding Date shall be in a minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount. Whenever Company desires that Domestic Lenders make Domestic Loans or that any Swing Line Lender make Domestic Swing Line Loans, it shall deliver to Administrative Agent a Notice of Borrowing no later than 12:00 noon (New York time) at least three Business Days in advance of the proposed Funding Date in the case of a Domestic Eurodollar Rate Loan, on the proposed Funding Date in the case of a Domestic Base Rate Loan or a Swing Line Loan or such advance notice, including same day notice, as may be agreed between Company and the applicable Domestic Lender in the case of a Negotiated Rate Loan. The Notice of Borrowing shall specify (i) the proposed Borrower, (ii) the proposed Funding Date (which shall be a Business Day), (iii) the amount of Loans requested, (iv) whether such Loans are to be Domestic Swing Line Loans, Negotiated Rate Loans, Domestic Base Rate Loans or Domestic Eurodollar Rate Loans (it being agreed and understood that Domestic Eurodollar Rate Loans may not be borrowed before the date three Business Days after the Closing Date), (v) that, after giving effect to such requested Loans, the Total Utilization of Domestic Commitments will not exceed the Domestic Commitments and, if applicable, that the aggregate outstanding principal amount of Domestic Swing Line Loans will not exceed the Domestic Swing Line Commitments or that the aggregate outstanding principal amount of Negotiated Rate Loans will not exceed $500,000,000, (vi) in the case of any Loans requested to be made as Domestic Eurodollar Rate Loans, the initial Interest Period requested therefor, and (vii) in the case of any Negotiated Rate Loans, the proposed maturity date therefor. Domestic Loans (other than Swing Line Loans and Negotiated Rate Loans) may be continued as or converted into Domestic Base Rate Loans and Domestic Eurodollar Rate Loans in the manner provi...

Domestic Loans. Subject to the terms and conditions set forth in this Agreement, each of the Domestic Banks severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time from the Effective Date until the Maturity Date, upon notice by the Borrower to the Administrative Agent given in accordance with this ss.2, such sums in Dollars as are equal to such Domestic Bank's Domestic Commitment Percentage of the Domestic Revolving Credit Loan requested by the Borrower in such notice; provided that the sum of (a) the aggregate principal amount of all Domestic Revolving Credit Loans outstanding plus (b) the aggregate principal amount of all Domestic Swing Line Loans outstanding plus (c) the Dollar Equivalent of the aggregate principal amount of all Canadian Swing Line Loans outstanding plus (d) the aggregate Maximum Drawing Amount of all Letters of Credit outstanding shall not, at any time and after giving effect to all amounts requested, exceed the Total Domestic Commitment.

Domestic Loans. Domestic Loans shall bear interest at a rate per annum equal to the Base Rate Basis, but no higher than the Highest Lawful Rate; provided, however, if the amount of interest payable for the account of any Lender on any interest payment date in respect of the immediately preceding interest computation period would exceed the Maximum Amount, the amount of interest payable on such interest payment date shall be automatically reduced to the Maximum Amount. If the amount of interest payable for the account of any Lender in respect of any interest computation period is reduced pursuant to the immediately preceding sentence and the amount of interest payable for its account in respect of any subsequent interest computation period would be less than the Maximum Amount, then the amount of interest payable for its account in respect of such subsequent interest computation period shall be automatically increased to such Maximum Amount; provided that at no time shall the aggregate amount by which interest paid for the account of any Lender has been increased pursuant to this sentence exceed the aggregate amount by which interest paid for its account has theretofore been reduced pursuant to the immediately preceding sentence. Interest on Domestic Loans shall be paid quarterly in arrears on each Quarterly Date and on the Termination Date.

Domestic Loans. Domestic Revolving Credit Loans pursuant to Section 2 and the Term Loan pursuant to Section 4A made or to be made by the applicable Domestic Banks to the Domestic Borrowers.

Domestic Loans. The Company shall give the Agent notice of its request for each Domestic Loan in substantially the form of Exhibit B hereto not later than (i) 10:00 a.m. Detroit time three Business Days prior to the date such Loan is requested to be made if such Loan is to be made as a Eurodollar Rate Loan, (ii) 10:00 a.m. Detroit time one Business Day prior to the date such Loan is requested to be made if such Loan is to be made as a Negotiated Rate Loan, and (iii) 11:00 a.m. Detroit time on the date such Loan is requested to be made if such Loan is to be made as a Floating Rate Loan, which notice shall specify whether a Eurodollar Rate Loan, Negotiated Rate Loan or Floating Rate Loan is requested and, in the case of each requested Fixed Rate Loan, the Interest Period to be initially applicable to such Loan. The Agent shall promptly provide notice of such requested Loan to each Bank. Subject to the terms and conditions of this Agreement, the proceeds of each such requested Loan shall be made available to the Company by depositing the proceeds thereof, in immediately available funds, in an account maintained and designated by the Company at the principal office of the Agent; PROVIDED, HOWEVER, that the proceeds of the Term Loan shall be applied to the outstanding principal amount of and accrued Interest on the Revolving Credit Loans.

Domestic Loans. The Domestic Revolving Credit Loans and the Term Loan A. Domestic Mortgages. The mortgages and deeds of trust described on Schedule 4 hereto, as amended as of the Closing Date, and each of the mortgages and deeds of trust which may be delivered after the Closing Date in accordance with §9.12, from one of the Domestic Borrowers to the Agent with respect to the interests of the Domestic Borrowers in certain parcels of the Real Estate consisting of fee properties and ground leases and in form and substance satisfactory to the Agent. Domestic Obligations. All Obligations other than Canadian Obligations. Domestic Revolving Credit Commitment. With respect to each Domestic Lender, the amount set forth on Schedule 1 hereto as the amount of such Domestic Lender’s commitment to make Domestic Revolving Credit Loans to the Domestic Borrowers, as the same may be adjusted from time to time; or if such commitment is terminated pursuant to the provisions hereof, zero.