Common use of Domestic Loans Clause in Contracts

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. 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 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 SubsidiariesObligations, shall not, at any time and after giving effect to all amounts requested, exceed the Total Domestic Commitment and Commitment, (b) the sum of (i) the Outstanding Amount of the Domestic Loans owed to a Domestic Bank, plus (ii) the aggregate amount of such Domestic Bank’s Domestic Commitment Percentage of the outstanding participation in L/C Obligations with respect to Letters Obligations, plus (iii) the aggregate amount of Credit issued for the account of Ryder and its domestic Subsidiariessuch Domestic Bank’s participation in Domestic Swing Line Loans, shall not, at any time and after giving effect to all amounts requested, exceed such Domestic Bank’s Domestic Commitment, and (c) the Total Outstandings shall not, at any time and after giving effect to all amounts requested, exceed the Total Commitment.

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 between the Availability PeriodClosing Date and the Maturity Date, upon notice by Ryder to the Administrative Agent given in accordance with this §Section 2, such sums in Dollars as are equal to such Domestic Bank’s 's Domestic Commitment Percentage of the Domestic Loans requested by Ryder; provided that (a) the sum of (i) the Outstanding Amount outstanding principal amount of the Domestic Loans, plus (ii) the Outstanding Amount of 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 the Total Domestic Commitment and (b) the sum of (i) the Outstanding Amount outstanding principal amount of the Domestic Loans owed to a Domestic Bank, plus (ii) such Domestic Bank’s '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 's Domestic Commitment.