Effect on Commitments Sample Clauses

Effect on Commitments. Any Money Market Loans made by a Lender pursuant to this Section shall not reduce such Lender's pro rata share of the remaining undrawn Commitments.
AutoNDA by SimpleDocs
Effect on Commitments. Notwithstanding anything in this Agreement to the contrary, the sum of the aggregate principal amount of all Revolving Credit Loans plus all Letter of Credit Advances (being the maximum amount available to be drawn under the related Letters of Credit plus the amount of any draws under Letters of Credit that have not been reimbursed) and all Swingline Loans shall not at any time exceed the aggregate amount of the Commitments of all Banks.
Effect on Commitments. Notwithstanding anything in this Agreement to the contrary, the sum of the aggregate outstanding principal amount of all Revolving Credit Loans plus all Swing Line Loans shall not at any time exceed the aggregate amount of the Commitments of all Banks.
Effect on Commitments. Although each Bid Loan shall reduce the amount available to the Borrower in the form of Revolving Loans by the principal amount of such Bid Loan during the period in which said Bid Loan is outstanding, each Bank's obligation to make its Revolving Percentage of any subsequently requested Revolving Loans shall not in any way be affected by that Bank's making of Bid Loans.
Effect on Commitments. Notwithstanding anything in this Agreement to the contrary, the sum of the aggregate principal amount of all Syndicated Loans, all Letter of Credit Advances (being the maximum amount available to be drawn under the related Letters of Credit plus the amount of any draws under Letters of Credit that have not been reimbursed), all Swingline Loans and all Bid-Option Loans shall not at any time exceed the aggregate amount of the U.S. Commitments of all Lenders. Each Lender's obligation to make its Pro Rata Share of any subsequently requested Syndicated Loan or Letter of Credit Advance shall not be affected by the making by such Lender of a Bid-Option Loan, and the Lender which has outstanding Bid-Option Loans may be obligated to exceed its Commitment, provided that, as stated above, the aggregate principal amount of all Syndicated Loans, all Letters of Credit Advances, all Swingline Loans and all Bid-Option Loans shall not at any time exceed the aggregate amount of the U.S. Commitments of all Lenders.
Effect on Commitments. Notwithstanding anything in this Agreement to the contrary, the sum of the aggregate principal amount of all Revolving Credit Loans plus all Letter of Credit Advances (being the maximum amount available to be drawn under the related Letters of Credit plus the amount of any draws under Letters of Credit that have not been reimbursed), all Swingline Loans and all Bid-Option Loans shall not at any time exceed the aggregate amount of the Commitments of all Banks and, at any time an Interest Coverage Ratio Condition exists, the aggregate principal amount of all Senior Debt may not exceed the Borrowing Base. Each Bank's obligation to make its pro rata portion of any subsequently requested Revolving Credit Loan or Letter of Credit Advance shall not be affected by the making by such Bank of a Bid-Option Loan, and the Bank which has outstanding Bid-Option Loans may be obligated to exceed its Commitment, provided that, as stated above, the aggregate principal amount of all Revolving Credit Loans, all Letters of Credit Advances and all Bid-Option Loans shall not at any time exceed the aggregate amount of the Commitments of all Banks and, at any time an Interest Coverage Ratio Condition exists, the aggregate principal amount of all Senior Debt may not exceed the Borrowing Base. . 2.4
Effect on Commitments. Notwithstanding anything in this Agreement to the contrary, the sum of the aggregate outstanding principal amount of all Revolving Credit Loans plus, all Letter of Credit Advances (being the maximum amount available to be drawn under the related Letters of Credit plus the amount of any draws under Letters of Credit that have not been reimbursed) plus, all Bid-Option Loans plus, all Swing Line Loans shall not at any time exceed the aggregate amount of the Commitments of all Banks. Each Bank's obligation to make its pro rata portion of any subsequently requested Revolving Credit Loan or Letter of Credit Advance shall not be affected by the making by such Bank of a Bid-Option Loan, and the Bank which has
AutoNDA by SimpleDocs
Effect on Commitments. Notwithstanding anything in this Agreement to the contrary, the sum of the aggregate principal amount of all Syndicated Loans plus all Letter of Credit Advances (being the maximum amount available to be drawn under the related Letters of Credit plus the amount of any draws under Letters of Credit that have not been reimbursed), all Swingline Loans and all Bid-Option Loans shall not at any time exceed the aggregate amount of the Commitments of all Lenders. Each Lender's obligation to make its pro rata portion of any subsequently requested Syndicated Loan or Letter of Credit Advance shall not be affected by the making by such Lender of a Bid-Option Loan, and the Lender which has outstanding Bid-Option Loans may be obligated to exceed its Commitment, provided that, as stated above, the aggregate principal amount of all Syndicated Loans, all Letters of Credit Advances and all Bid-Option Loans shall not at any time exceed the aggregate amount of the Commitments of all Lenders. .
Effect on Commitments. Although each Bid Banker’s Acceptance shall reduce the amount available to the Company in the form of other Extensions of Credit by the face amount of such Bid Banker’s Acceptance during the period in which said Bid Banker’s Acceptance is outstanding, each Bank’s obligation to make its Pro Rata Share portion of any subsequently requested Revolving Loans under Section 2.02 hereof, or to purchase its Pro Rata Share participation in existing or subsequently created Acceptances under subsection 2.18 hereof, shall not in any way be affected by that Bank’s creation of Bid Banker’s Acceptances.
Effect on Commitments. Although each Bid Loan shall reduce the amount available to the Company in the form of other Extensions of Credit by the principal amount of such Bid Loan during the period in which said Bid Loan is outstanding, each Bank’s obligation to make its Pro Rata Share portion of any subsequently requested Revolving Loans under subsection 2.2 hereof, or to purchase its Pro Rata Share participation in existing or subsequently created Acceptances under subsection 2.18 hereof, shall not in any way be affected by that Bank’s making of Bid Loans.
Time is Money Join Law Insider Premium to draft better contracts faster.