Common use of Domestic Revolving Credit Loans Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (Lionbridge Technologies Inc /De/)

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Domestic Revolving Credit Loans. Subject to the terms and conditions set forth in this Credit Agreementhereof, each of the Lenders Domestic Lender severally agrees to lend make loans on a revolving credit basis ("Domestic Revolving Credit Loans") to the Domestic Borrowers, and the Domestic Borrowers may borrow, repay, and reborrow Company from time to timetime during the Commitment Period; provided, 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 “that no Domestic Revolving Credit Loan”) in an aggregate principal amount outstanding (as Loan shall be made if, after giving effect 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 Loan and the simultaneous application of the proceeds thereof, the aggregate amount of the Domestic Revolving Credit Loan and after giving effect thereto, Exposure of all the sum Domestic Lenders would exceed the lesser of (i) the aggregate amount of the then outstanding principal amounts of all Domestic Revolving Credit Loans plus Commitments and (ii) the Maximum Draw Amount plus Domestic Borrowing Base then in effect. 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 Unpaid Reimbursement Obligations shall not exceed in accordance with the Total Domestic Commitmentterms and conditions hereof. The Domestic Revolving Credit Loans made pursuant to this Section 2.1.1 shall be made pro rata in accordance 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 each Lender’s Commitment Percentagerespect 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.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Remington Products Co LLC)

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Domestic Revolving Credit Loans. Subject to the terms and conditions set forth in this Credit Agreement, each of the Domestic Lenders severally agrees to lend to the Domestic Borrowers, Borrowers and the Domestic Borrowers may borrow, repay, and reborrow on a joint and several basis from time to time, time from the Closing Date up to but not and including the Revolving Credit Loan 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 up to a maximum aggregate amount Outstanding (each, a “Domestic Revolving Credit Loan”) in an aggregate principal amount outstanding (as after giving effect to all Domestic Borrowersamounts requested) not exceeding at any one time the amount of equal to such Domestic Lender’s Domestic Commitment 's Revolving Credit Commitment, minus such Lender’s 's Domestic Revolving Credit Commitment Percentage of the sum of the Maximum Draw Drawing Amount and all Unpaid Reimbursement Obligations; Obligations provided that at the time Outstanding amount 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 (after giving effect to all amounts requested), plus the Maximum Draw Amount Drawing Amount, plus all Unpaid Reimbursement Obligations shall not at any time exceed the Total Domestic Revolving Commitment, as such amount may be adjusted pursuant to the provisions of Section 2.3 hereof. The Domestic Revolving Credit Loans made pursuant to this Section 2.1.1 shall be made pro rata in accordance with each Domestic Lender’s 's Domestic Revolving Credit Commitment Percentage.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Dave & Busters Inc)

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