Establishment of the Credit Facilities. On the Closing Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Administrative Agent, the Lenders, the Swing Line Lender and each LC Issuer agree to establish the Credit Facilities for the benefit of the Borrower; provided, however, that at no time will (i) the Aggregate Credit Facilities Exposure exceed the Total Credit Facilities Amount, (ii) the Credit Facilities Exposure of any Lender exceed the aggregate amount of such Lender’s Commitment or (iii) the Aggregate Revolving Facility Exposure exceed the Total Revolving Commitment.
Appears in 2 contracts
Samples: Credit Agreement (TopBuild Corp), Credit Agreement (TopBuild Corp)
Establishment of the Credit Facilities. On the Closing Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Administrative Agent, the Lenders, the Swing Line Lender and each LC Issuer Issuing Bank agree to establish the Credit Facilities for the benefit of the Borrower; provided, however, that at no time will (i) the Aggregate Credit Facilities Facility Exposure exceed the Total Credit Facilities AmountAggregate Commitments, (ii) the Aggregate Revolving Facility Exposure exceed the Total Revolving Commitment or (iii) the Credit Facilities Facility Exposure of any Lender exceed the aggregate amount of such Lender’s Commitment or (iii) the Aggregate Revolving Facility Exposure exceed the Total Revolving Commitment.
Appears in 1 contract
Establishment of the Credit Facilities. On the Closing Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Administrative Agent, the Lenders, the Swing Line Lender and each the LC Issuer agree to establish the Credit Facilities for the benefit of the Borrower; provided, however, that at no time will (i) the Aggregate Credit Facilities Facility Exposure exceed the Total Credit Facilities AmountAggregate Commitments, (ii) the Aggregate Revolving Facility Exposure exceed the Total Revolving Commitment or (iii) the Credit Facilities Facility Exposure of any Lender exceed the aggregate amount of such Lender’s Commitment or (iii) the Aggregate Revolving Facility Exposure exceed the Total Revolving Commitment.
Appears in 1 contract
Samples: Credit Agreement (Epiq Systems Inc)