Common use of General Description of Facilities Clause in Contracts

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank may issue Letters of Credit in accordance with Section 2.22, (iii) the Swingline Lender may make Swingline Loans in accordance with Section 2.4, (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed the Aggregate Revolving Commitment Amount in effect from time to time; and (v) each Lender severally agrees to make a Term Loan to the Borrower in a principal amount not exceeding such Lender’s Term Loan Commitment on the Closing Date.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Catalyst Health Solutions, Inc.)

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General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such LenderXxxxxx’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank may issue Letters of Credit in accordance with Section 2.22, (iii) the Swingline Lender may make Swingline Loans in accordance with Section 2.4, (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed the Aggregate Revolving Commitment Amount Commitments in effect from time to time; , and (v) each Lender severally agrees to make a its portion of the Initial Term Loan Loans to the Borrower on the Restatement Date in a principal amount not exceeding such Lender’s Initial Term Loan Commitment on the Closing Datein accordance with Section 2.5.

Appears in 1 contract

Samples: Credit Agreement (OneWater Marine Inc.)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank may issue Letters of Credit in accordance with Section 2.22, (iii) the Swingline Lender may make Swingline Loans in accordance with Section 2.4, (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed the Aggregate Revolving Commitment Amount Commitments in effect from time to time; and (v) each Lender severally agrees to make a advance its portion of the Term Loan A to the Borrower on the Closing Date in a principal amount not exceeding such Lender’s Term Loan Commitment on the Closing DateA Commitment.

Appears in 1 contract

Samples: Credit Agreement (Primo Water Corp)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank may agrees to issue Letters of Credit in accordance with Section 2.222.23, (iii) the Swingline Lender may agrees to make Swingline Loans in accordance with Section 2.4, and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event Lender shall be permitted or required to make any Revolving Loan if, after giving effect thereto, (i) the Dollar Equivalent of the aggregate principal amount of all outstanding the Revolving Loans, Swingline Loans and outstanding the LC Exposure of all Lenders (determined in accordance with Section 2.27) would thereby exceed the Aggregate Revolving Commitment Amount then in effect from time to timeeffect; and or (vii) each the Dollar Equivalent of the Revolving Credit Exposure of such Lender severally agrees to make a Term Loan to (determined in accordance with Section 2.27) would thereby exceed its Commitment then in effect. Funding of any Revolving Loans shall be in any combination of Dollars or any other Alternate Currency as specified by the Borrower as set forth in a principal amount not exceeding such Lender’s Term Loan Commitment on the Closing DateSection 2.3.

Appears in 1 contract

Samples: Revolving Credit Agreement (Bristow Group Inc)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (ia) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such Lender’s 's Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section ‎Section 2.2, ; (iib) the Issuing Bank may agrees to issue Letters of Credit in accordance with Section ‎Section 2.22, ; (iiic) the Swingline Lender may agrees to make Swingline Loans in accordance with Section ‎Section 2.4, ; (ivd) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitment Amount in effect from time to timetime in effect; and (ve) each Lender severally agrees to make a Term Loan to the Borrower in a principal amount not exceeding such Lender’s 's Term Loan Commitment on the Closing Delayed Draw Date.

Appears in 1 contract

Samples: Credit Agreement (Steiner Leisure LTD)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank may agrees to issue Letters of Credit in accordance with Section 2.22, (iii) the Swingline Lender may agrees to make Swingline Loans in accordance with Section 2.4, (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitment Amount in effect from time to timetime in effect; and (v) each Lender severally agrees to make a Term Loan to the Borrower in a principal amount not exceeding such Lender’s Term Loan Commitment on the Closing Date.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Exactech Inc)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such Lender’s 's Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank may agrees to issue Letters of Credit in accordance with Section 2.22, (iii) the Swingline Lender may agrees to make Swingline Loans in accordance with Section 2.4, (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitment Amount in effect from time to timetime in effect; and (v) each Lender severally agrees to make a Term Loan to the Borrower in a principal amount not exceeding such Lender’s 's Term Loan Commitment on the Closing Date.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (FGX International Holdings LTD)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such Lender’s 's Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank may agrees to issue Letters of Credit in accordance with Section 2.222.21, (iii) the Swingline Lender may agrees to make Swingline Loans in accordance with Section 2.4, and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of the Dollar Equivalent of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitment Amount in effect from time to time; time in effect. Funding of any Revolving Loans shall be in any combination of Dollars and (v) each Lender severally agrees to make a Term Loan to Euros, as specified by the Borrower as set forth in a Section 2.3; provided, that the Dollar Equivalent amount of the principal amount not exceeding of outstanding Revolving Loans and Letters of Credit funded and issued in Euros determined, with respect to each such Lender’s Term Loan Commitment on Revolving Loans and Letters of Credit in accordance with Section 10.16 shall at no time exceed the Closing DateForeign Currency Sublimit then in effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Heico Corp)

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General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank may agrees to issue Letters of Credit in accordance with Section 2.22, (iii) the Swingline Lender may agrees to make Swingline Loans in accordance with Section 2.4, (iv) each Multicurrency Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed the Aggregate Revolving Commitment Amount Commitments in effect from time to time; and (v) each Lender severally agrees to make a its portion of the Initial Term Loan to the Borrower on the Closing Date in a principal amount not exceeding such Lender’s Initial Term Loan Commitment on the Closing DateCommitment.

Appears in 1 contract

Samples: First Lien Credit Agreement (EVO Payments, Inc.)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (ii) the Issuing Bank may agrees to issue Letters of Credit in accordance with Section 2.22, (iii) the Swingline Lender may agrees to make Swingline Loans in accordance with Section 2.4, (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitment Amount in effect from time to timetime in effect; and (v) each Lender severally agrees to make a Term Loan to the Borrower in a principal amount not exceeding such Lender’s Term Loan Commitment on the Prior Closing DateDate and on the Closing Date (in the case of the Additional Term Loan A-1 Commitment).

Appears in 1 contract

Samples: Credit Agreement (Encore Capital Group Inc)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (ia) the Revolving Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Revolving Lender severally agrees (to the extent of such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, ; (iib) the Issuing Bank may issue Letters of Credit in accordance with Section 2.22, ; (iiic) the Swingline Lender may make Swingline Loans in accordance with Section 2.4, ; (ivd) each Revolving Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, provided that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed the Aggregate Revolving Commitment Amount in effect from time to time; time and (ve) each A-4 Term Loan Lender severally agrees to make a Term Loan (to the Borrower in a principal amount not exceeding extent of such Lender’s A-4 Term Loan Commitment Commitment) to make one or more A-4 Term Loans on the Closing DateDate in accordance with Section 2.27.

Appears in 1 contract

Samples: Credit Agreement (Community Healthcare Trust Inc)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (ia) the Revolving Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Revolving Lender severally agrees (to the extent of such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, ; (iib) the Issuing Bank may issue Letters of Credit in accordance with Section 2.22, ; (iiic) the Swingline Lender may make Swingline Loans in accordance with Section 2.4, ; (ivd) each Revolving Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, provided that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed the Aggregate Revolving Commitment Amount in effect from time to time; and , (ve) each A-1 Term Loan Lender severally agrees to make a Term Loan (to the Borrower in a principal amount not exceeding extent of such Lender’s A-1 Term Loan Commitment on Commitment) to make one or more A-1 Term Loans during the Closing DateA-1 Term Loan Availability Period in accordance with Section 2.27 and (f) each A-2 Term Loan Lender severally agrees (to the extent of such Lender’s A-2 Term Loan Commitment) to make one or more A-2 Term Loans during the A-2 Term Loan Availability Period in accordance with Section 2.28.

Appears in 1 contract

Samples: Credit Agreement (Community Healthcare Trust Inc)

General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (ia) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such Lender’s Revolving Commitment) to make Revolving Loans to the Borrower in accordance with Section 2.2, (iib) the Issuing Bank may issue Letters of Credit in accordance with Section 2.22, (iiic) the Swingline Lender may make Swingline Loans in accordance with Section 2.4, (ivd) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed the Aggregate Revolving Commitment Amount Commitments in effect from time to time; time and (ve) each Lender severally agrees to make a advance its portion of the Term Loan A to the Borrower on the Funding Date in a principal amount not exceeding such Lender’s Term Loan Commitment A Commitment. Notwithstanding anything to the contrary, unless the Term Loan A is funded on the Closing Dateor before 5:00 p.m. Eastern time on July 30, 2017, this Agreement shall automatically terminate at such time.

Appears in 1 contract

Samples: Credit Agreement (BioTelemetry, Inc.)

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