Establishment of Credit Facility Sample Clauses
Establishment of Credit Facility. Subject to the terms and conditions hereof, the Lenders hereby establish in favour of the Borrower a revolving term credit facility (the “Credit Facility”) in the amount of, subject to Section 2.6, $1,300,000,000 or the U.S. Dollar Equivalent thereof.
Establishment of Credit Facility. 2.1.1 Subject to the terms and conditions set forth herein, the Lender hereby establishes in favour of the Borrowers a Credit Facility in the amount of $1,000,000,000 (the “Available Amount”) and commits to make Loans to the Borrowers from time to time during the period commencing on the Effective Date and ending on the Maturity Date, the aggregate outstanding principal amount of all such Loans not exceeding at any time the Available Amount. Subject to the terms and conditions of this Agreement, the Borrowers may borrow, repay and re-borrow Loans.
2.1.2 Advances under the Credit Facility are to be used by the Borrowers for their general corporate purposes, provided that in no event will the Credit Facility be used to finance a Hostile Acquisition without the consent of the Lender.
Establishment of Credit Facility. Subject to the terms and conditions hereof the Lenders hereby establish in favour of the Borrower a revolving term credit facility (the “Credit Facility”) in the amount of $24,000,000 (as such amount may be reduced pursuant to Section 2.3).
Establishment of Credit Facility. Subject to the terms and conditions set forth in this Agreement and the other Loan Documents, Lender hereby agrees to lend to Debtor under a credit facility (the “Revolving Credit Facility”) an aggregate sum not to exceed the lesser of: (i) an amount equal to the Borrowing Base; or (ii) TWENTY MILLION AND NO/100 DOLLARS ($20,000,000.00) (the “Maximum Amount”), on a revolving basis from time to time during the period commencing on the date hereof and continuing until the earlier of: (i) the acceleration of the Indebtedness pursuant to the terms of the Loan Documents; or (ii) JUNE 30, 2019 (the earlier of such dates being the “Revolving Credit Maturity Date”). If at any time the sum of the aggregate principal amount of Loans outstanding hereunder exceeds lesser of the Maximum Amount or the Borrowing Base, such amounts shall be deemed an “Overadvance.” Debtor shall immediately repay the amount of such Overadvance plus all accrued and unpaid interest thereon upon written demand from Lender. Notwithstanding anything contained herein to the contrary, an Overadvance shall be considered a Loan and shall bear interest at the Rate as set forth in the Revolving Credit Note and be secured by this Agreement. Subject to the terms and conditions hereof, Debtor may borrow, repay and reborrow funds under the Revolving Credit Facility up to the Revolving Credit Maturity Date.
Establishment of Credit Facility. 2.1.1 Subject to the terms and conditions set forth herein, the Lender establishes in favour of the Borrowers during the period commencing on the Original Closing Date and ending on the Maturity Date, an unsecured revolving acquisition credit facility (the “Credit Facility”) in the principal amount of $500,000,000. Subject to the terms and conditions of this Agreement, the Borrowers may borrow, repay and re-borrow Loans under the Credit Facility.
2.1.2 Loans advanced under the Credit Facility are to be used by the Borrowers to fund Investments.
Establishment of Credit Facility. Subject to the terms and conditions of and in reliance upon the representations and warranties in the Loan Documents, each Lender (severally and on a pro rata basis with the other Lenders) will lend funds to Borrowers on the Closing Date in an aggregate principal amount advanced not to exceed the Term Loan Commitment (as determined in accordance with Section 1.3).
Establishment of Credit Facility. Subject to the terms and conditions of and in reliance upon the representations and warranties contained in the Loan Documents, each Lender will lend funds to Borrower from time to time prior to the Line of Credit Maturity Date (as determined in accordance with Section 1.1.2 hereof) in an aggregate amount at any time outstanding not to exceed its Commitment Percentage (on a Pro Rata basis) of the Available Credit Portion at such time (as determined in accordance with Section 1.3 hereof).
Establishment of Credit Facility. Subject to the terms and conditions of and in reliance upon the representations and warranties in the Loan Documents, each Lender (severally and on a Pro Rata basis with the other Lenders) will lend funds to Borrowers on a senior secured basis through Advances from time to time prior to September 16, 2000 (the "Final Term Draw Date") in an aggregate principal amount advanced not to exceed the Available Credit Portion (as determined in accordance with Section 1.3.
Establishment of Credit Facility. Section 2.01 of the Credit Agreement is hereby amended by replacing "U.S. $1,450,000,000" in the last line thereof with "U.S. $1,285,000,000".
Establishment of Credit Facility. (a) Subject to the terms and conditions of this Agreement, the Lenders shall Advance to Borrower the proceeds of the Loan on the Closing Date, in the aggregate original principal amount of $1,000,000.00. The amount of each Lender’s Advance in respect of the Loan shall be such Lender’s Commitment amount, as specified on Schedule A attached hereto. The proceeds of such Advance shall be disbursed by Administrative Agent, for the benefit of and at the direction of Borrower, in accordance with the Flow of Funds Memorandum attached hereto as Exhibit C. Upon the funding of such Advance, the Commitment of each Lender hereunder shall be terminated, and no further Advances in respect of the Loan shall be permitted. Principal amounts repaid or prepaid in respect of the Loan will not be available for reborrowing hereunder. The Loan shall bear interest at the applicable rate provided in the provisions of Section 2.5 hereof.
(b) The portion of the Loan held by each Lender shall be evidenced by a promissory note in the form of Exhibit A hereto (each, as amended, restated, replaced, supplemented, extended or renewed from time to time, a “Note”), in each case payable to the order of such Lender. Each Note will be due and payable in full on the Maturity Date. Each Lender is authorized to note or endorse the date and amount of each Advance and each payment of the applicable Loan on a schedule annexed to and constituting a part of the Note. Such notations or endorsements, if made, will constitute prima facie evidence of the information noted or endorsed on such schedule, but the absence of any such notation or endorsement will not limit or otherwise affect the obligations or liabilities of Borrower thereunder and hereunder.
(c) The obligations of the Lenders under this Section 2.1 shall be several and not joint. The Commitments of each Lender with respect to the Loan is as set forth on Schedule A hereto.