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 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. 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 Administrative Agent shall receive written or telegraphic notice from the Borrower on or before 11:00 a.m. Chicago time at least one (1) Domestic Business Day prior to the date requested for each proposed Borrowing of a Domestic Loan of the date of such Borrowing and amount of such Borrowing (which shall be in a minimum amount of $1,000,000 or in the unused amount of the Loan Commitment), and the Administrative Agent shall advise each Lender thereof promptly thereafter. Not later than 10:00 a.m., Chicago time, on the date specified in such notice for such Borrowing, each Lender shall provide to the Administrative Agent at the Payment Office, same day or immediately available funds covering such Lender's Percentage of the requested Domestic Loan. Upon fulfillment of the applicable conditions set forth in ARTICLE XI with respect to such Domestic Loan, the Administrative Agent shall make available to the Borrower the proceeds of each Domestic Loan (to the extent received from the Lenders) by wire transfer of such proceeds to such account(s) as the Borrower shall have specified in the Borrowing Request.
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 Closing Date until the Maturity Date, upon notice by the Borrower to the Administrative Agent given in accordance with this Section 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. In addition to the foregoing, each of the Domestic Banks will, from the Closing Date until the Maturity Date, and regardless of whether the conditions set forth in Section Section 9 and 10 are satisfied, make Domestic Revolving Credit Loans to the Borrower solely for the purposes of (i) repaying Swing Line Loans pursuant to Section Section 2.12 and 2.13 hereof or (ii) repaying Indebtedness of the Borrower to the Domestic Banks in respect of drawings under Letters of Credit pursuant to Section 3.2 hereof. Sections 2.12 and 2.13 hereof shall govern the Borrower's obligations with respect to Swing Line Loans, and Section 3.2 hereof shall govern the Borrower's obligations with respect to drawings under Letters of Credit.
Domestic Loans. The unpaid principal amount of each Domestic Loan shall bear interest at a rate per annum equal to the Base Rate in effect from time to time during a Base Interest Period. Accrued interest on each Domestic Loan shall be payable on each Interest Payment Date and at maturity.
Domestic Loans. Borrower agrees to pay interest (calculated on the basis of the actual number of days elapsed but computed as if each year consisted of 360 days) on the unpaid principal balance from time to time owing on the Domestic Loans computed from the date of each Domestic Loan until maturity at a per annum rate which from day to day shall be the lesser of the Domestic Rate in effect from day to day or the Highest Lawful Rate in effect from day to day. After maturity, whether by acceleration or otherwise, and until paid, Borrower agrees to pay interest on all unpaid amounts of principal of and interest which has accrued on the Domestic Loans, payable on demand and accruing on a daily basis, at a per annum rate which from day to day shall be equal to the Highest Lawful Rate in effect from day to day. Interest on the Domestic Loans shall be due and payable quarter-annually as it accrues on the fifth (5th) day of January, April, July, and October of each calendar year during the term of the Note and at the Termination Date, with the first interest payment being due and payable on January 5, 1999.
