Domestic Revolving Credit Loans. Subject to the terms and conditions set forth in this Credit Agreement, each of the Lenders severally agrees to lend to the Domestic Borrowers, and the Domestic Borrowers may borrow, repay, and reborrow from time to time, from the Closing Date up to but not including the Maturity Date, upon notice by the Domestic Borrowing Administrator on behalf of the Domestic Borrowers to the Administrative Agent given in accordance with Section 2.6, such sums in Dollars as are requested by the Domestic Borrowers (each, a “Domestic Revolving Credit Loan”) in an aggregate principal amount outstanding (as to all Domestic Borrowers) not exceeding at any one time the amount of such Lender’s Domestic Commitment minus such Lender’s Commitment Percentage of the sum of the Maximum Draw Amount and all Unpaid Reimbursement Obligations; provided that at the time of the making of such Domestic Revolving Credit Loan and after giving effect thereto, the sum of the then outstanding principal amounts of all Domestic Revolving Credit Loans plus the Maximum Draw Amount plus all Unpaid Reimbursement Obligations shall not exceed the Total Domestic Commitment. The Domestic Revolving Credit Loans made pursuant to this Section 2.1.1 shall be made pro rata in accordance with each Lender’s Commitment Percentage.
Domestic Revolving Credit Loans. Revolving credit loans made or to be made by the Lenders to the Domestic Borrowers pursuant to Section 2.1.1.
Domestic Revolving Credit Loans. Each Lender having a Domestic Revolving Credit Commitment (each, a “Domestic Lender”) agrees, severally and not jointly, for so long as no Default or Event of Default exists, to make loans denominated in U.S. Dollars (such loans relative to such Lender, its “Domestic Revolving Credit Loans”) to Domestic Borrower from time to time during the period from the date hereof to but not including the last day of the Term, as requested by Borrower Representative in the manner set forth in Section 3.1.1(a) hereof, provided, that no Domestic Revolving Credit Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof:
Domestic Revolving Credit Loans. Subject to the terms and conditions hereof, each Domestic Lender severally agrees to make loans on a revolving credit basis ("Domestic Revolving Credit Loans") to the Company from time to time during the Commitment Period; provided, that no Domestic Revolving Credit Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, the aggregate amount of the Domestic Revolving Credit Exposure of all the Domestic Lenders would exceed the lesser of (i) the aggregate amount of the Domestic Revolving Credit Commitments and (ii) the Domestic Borrowing Base then in effect minus the aggregate principal amount outstanding of the Incremental Dollar Loans. Amounts borrowed by the Company under this subsection 3.1 may be repaid in whole or in part and, up to but excluding the last day of the Commitment Period, reborrowed, all in accordance with the terms and conditions hereof. The Domestic Revolving Credit Loans shall be made in Dollars and may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the Company and set forth in the notice of borrowing or notice of conversion with respect thereto; provided, that (x) no Eurodollar Loan shall be made after the day that is one month prior to the Termination Date and (y) any Domestic Revolving Credit Loans to be made on the Closing Date shall be made entirely as ABR Loans.
Domestic Revolving Credit Loans. Each Lender having a Domestic Revolving Credit Commitment (each, a "Domestic Lender") agrees, severally and not jointly, for so long as no Default or Event of Default exists, to make loans denominated in U.S. Dollars (such loans relative to such Lender, its "Domestic Revolving Credit Loans") to Domestic Borrowers from time to time during the period from the date hereof to but not including the last day of the Term, as requested by Borrower Representative in the manner set forth in Section 3.1.1(a) hereof, provided, that no Domestic Revolving Credit Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, (a) the amount of the Domestic Revolving Credit Exposure of such Lender would exceed such Lender's Domestic Revolving Credit Commitment minus the outstanding principal amount of that portion of the Domestic Term Loan owing to such Lender minus such Lender's Canadian Percentage of the Dollar Equivalent of the aggregate principal amount of the outstanding Canadian Revolving Credit Loans minus such Lender's Canadian Percentage of the Dollar Equivalent of the outstanding principal amount of the Canadian Term Loan minus such Lender's Domestic Revolving Loan Percentage of reserves, if any, (b) the aggregate amount of the Domestic Revolving Credit Exposure of all the Domestic Lenders would exceed the Domestic Borrowing Base then in effect minus reserves, if any, or (c) the aggregate amount of the Domestic Revolving Credit Exposure of all the Domestic Lenders would exceed the Revolving Credit Maximum Amount minus the outstanding principal amount of the Domestic Term Loan minus the Dollar Equivalent of the aggregate principal amount of the outstanding Canadian Revolving Credit Loans minus the Dollar Equivalent of the outstanding principal amount of the Canadian Term Loan minus reserves, if any. Domestic Revolving Credit Loans may be borrowed as Base Rate Loans or LIBOR Loans. Amounts borrowed under this Section 1.1.1 may be repaid in whole or in part and, up to but excluding the last day of the Term, reborrowed, all in accordance with the terms and conditions hereof. The Domestic Revolving Credit Loans shall be further evidenced by, and repayable in accordance with the terms of, the applicable Revolving Notes and shall be secured by all of the Domestic Collateral.
Domestic Revolving Credit Loans. Domestic Borrower shall prepay the outstanding principal amount of the Domestic Revolving Credit Loans on any date on which Domestic Revolving Credit Exposure of all the Domestic Lenders exceeds the Domestic Borrowing Base then in effect (minus the outstanding principal amount of the Domestic Term Loan minus Reserves applicable to Domestic Revolving Credit Loans, if any) or the Revolving Credit Maximum Amount (minus the outstanding principal amount of the Domestic Term Loan minus the Dollar Equivalent of the aggregate principal amount of the outstanding Canadian Revolving Credit Loans minus the Dollar Equivalent of the aggregate principal amount of the outstanding UK Revolving Credit Loans minus the Dollar Equivalent of the outstanding principal amount of the UK Term Loans minus Reserves, if any), in the amount of such excess. Any such prepayment shall be applied to repay ratably outstanding principal of Domestic Revolving Credit Loans (but shall not permanently reduce the Domestic Revolving Credit Commitments).
Domestic Revolving Credit Loans. Domestic Revolving Credit Loans pursuant to Section 2 made or to be made by the Domestic Revolving Credit Banks to the Domestic Borrowers.
Domestic Revolving Credit Loans. 47 ------------------------------- 3.2 Procedure for Domestic Revolving Credit Loan Borrowing....47 ------------------------------------------------------ 3.3 Repayment of Domestic Revolving Credit Loans..............48 -------------------------------------------- 3.4 Evidence of Debt..........................................48 ---------------- 3.5 Use of Proceeds of Domestic Revolving Credit Loans........49 --------------------------------------------------
Domestic Revolving Credit Loans. Principal payable on account of Domestic Revolving Credit Loans shall be payable by Domestic Borrower to Administrative Agent for the ratable benefit of Domestic Lenders, in addition to the circumstances described in Section 3.3.3, immediately upon the earliest of (i) the receipt by Administrative Agent or Domestic Borrower of any proceeds of any of the Domestic Collateral (except as otherwise provided herein), including without limitation pursuant to Sections 3.3.1, 3.3.2(a) and 6.2.4, to the extent of such proceeds, subject to Domestic Borrower’s rights to reborrow such amounts in compliance with Section 1.1.1 hereof; (ii) the occurrence of an Event of Default in consequence of which Administrative Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations, or (iii) termination of this Agreement pursuant to Section 4 hereof. Each payment (including principal prepayments) by Domestic Borrower on account of principal of the Domestic Revolving Credit Loans shall be applied first to Domestic Base Rate Loans, then to Domestic LIBOR Loans.
Domestic Revolving Credit Loans. Domestic Borrower shall prepay the outstanding principal amount of the Domestic Revolving Credit Loans on any date on which (i) the aggregate amount of the Domestic Revolving Credit Exposure of all the Domestic Lenders exceeds the Aggregate Borrowing Base then in effect (minus Reserves, if any) or (ii) the aggregate amount of the Domestic Revolving Credit Exposure of all the Domestic Lenders and the Canadian Revolving Credit Exposure of the Canadian Lender exceeds the Revolving Credit Maximum Amount (minus the Dollar Equivalent of the aggregate principal amount of the outstanding Canadian Revolving Credit Loans minus Reserves, if any), in the amount of such excess.
