Common use of Effect on Commitments Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Handleman Co /Mi/), Credit Agreement (Handleman Co /Mi/)

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Effect on Commitments. Notwithstanding anything in this Agreement to the contrary, the sum of the aggregate principal amount of all Revolving Credit Loans plus 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 Swingline Bid-Option Loans shall not at any time exceed the aggregate amount of the Commitments of all Banks.U.S.

Appears in 1 contract

Samples: Credit Agreement (Universal Forest Products Inc)

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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 Swing Line Loans and 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 BanksLenders.

Appears in 1 contract

Samples: Credit Agreement (Perrigo Co)

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