Common use of Establishment of the Credit Facility Clause in Contracts

Establishment of the Credit Facility. On the Closing Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Lender agrees to establish the Credit Facility for the benefit of the Borrowers; provided, however, that at no time will the Revolving Facility Exposure exceed the Total Credit Facility Amount.

Appears in 1 contract

Samples: Credit Agreement (Peabody Energy Corp)

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Establishment of the Credit Facility. On the Closing Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Lender agrees Lenders agree to establish the Credit Facility for the benefit of the BorrowersBorrower; provided, however, that at no time will the Revolving Credit Facility Exposure of any Lender exceed the Total Credit Facility Amountaggregate amount of such Lender’s Commitment.

Appears in 1 contract

Samples: Priming Facility Credit Agreement (GTT Communications, Inc.)

Establishment of the Credit Facility. On the Closing Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Lender agrees to establish the Credit Facility for the benefit of the BorrowersBorrower; provided, however, that at no time will the Revolving Facility Exposure exceed the Total Credit Facility Amount.

Appears in 1 contract

Samples: 364 Day Secured Liquidity Credit Facility Agreement (Progressive Corp/Oh/)

Establishment of the Credit Facility. On the Closing Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Lender agrees to establish the Credit Facility for the benefit of the BorrowersBorrower; provided, however, that at no time will the Revolving Aggregate Credit Facility Exposure exceed the Total Credit Facility Amount.

Appears in 1 contract

Samples: Credit Agreement (Amber Road, Inc.)

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Establishment of the Credit Facility. On the Closing Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Lender agrees Lenders #4848-6974-4858 agree to establish the Credit Facility for the benefit of the BorrowersBorrower; provided, however, that at no time will the Revolving Credit Facility Exposure of any Lender exceed the Total Credit Facility Amountaggregate amount of such Lender’s Commitment.

Appears in 1 contract

Samples: Priming Facility Credit Agreement (GTT Communications, Inc.)

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