Common use of Facility C Commitment Clause in Contracts

Facility C Commitment. Relying on each of the representations and warranties set out in ARTICLE 2 and subject to the terms of this Agreement, each Lender, severally and not jointly, agrees to make its Facility C Commitment under the Facility C Credit available to the US Borrower, on a revolving basis, during the period from the date hereof until the Facility C Termination Date: 5.1.1.1 in USDollars by way of US Prime Rate Advances; 5.1.1.2 in USDollars by way of SOFR Advances; and 5.1.1.3 in USDollars by way of Sweep to Loan Arrangement as US Prime Rate Advances; provided that a Lender shall have no obligation (a) to make any Facility C Advance if at any time the amount thereof exceeds its then Facility C Available Commitment; or (b) to make any Advance or Conversion Advance under Facility C Credit at any time that a Default or an Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement).

Appears in 2 contracts

Samples: Credit Agreement (GFL Environmental Inc.), Credit Agreement (GFL Environmental Inc.)

AutoNDA by SimpleDocs

Facility C Commitment. Relying on each of the representations and warranties set out in ARTICLE 2 and subject to the terms of this Agreement, each Lender, severally and not jointly, agrees to make its Facility C Commitment under the Facility C Credit available to the US Borrower, on a revolving basis, during the period from the date hereof until the Facility C Termination Date: 5.1.1.1 in USDollars by way of US Prime Rate Advances; 5.1.1.2 in USDollars by way of SOFR LIBO Rate Advances; and 5.1.1.3 in USDollars by way of Sweep to Loan Arrangement as US Prime Rate Advances; provided that a Lender shall have no obligation (a) to make any Facility C Advance if at any time the amount thereof exceeds its then Facility C Available Commitment; or (b) to make any Advance or Conversion Advance under Facility C Credit at any time that a Default or an Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement).

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

AutoNDA by SimpleDocs

Facility C Commitment. Relying on each of the representations and warranties set out in ARTICLE 2 and subject to the terms of this Agreement, each Lender, severally and not jointly, agrees to make its Facility C Commitment under the Facility C Credit available to the US Borrower, on a revolving basis, during the period from the date hereof until the Facility C Termination Date: 5.1.1.1 in USDollars by way of US Prime Rate Advances; 5.1.1.2 in USDollars by way of LIBO Rate SOFR Advances; and 5.1.1.3 in USDollars by way of Sweep to Loan Arrangement as US Prime Rate Advances; provided that a Lender shall have no obligation (a) to make any Facility C Advance if at any time the amount thereof exceeds its then Facility C Available Commitment; or (b) to make any Advance or Conversion Advance under Facility C Credit at any time that a Default or an Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement).

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!