Common use of GENERAL REVOLVING FACILITY Clause in Contracts

GENERAL REVOLVING FACILITY. Loans under the General Revolving Facility (each a "General Revolving Loan" and, collectively, the "General Revolving Loans"): (i) may be incurred by the Borrower at any time and from time to time on and after the Closing Date and prior to the earlier of the Maturity Date or the date the Total General Revolving Commitment is terminated; (ii) except as otherwise provided, may, at the option of the Borrower, be incurred and maintained as, or Converted into, General Revolving Loans which are Prime Rate Loans or Eurodollar Loans, in each case denominated in Dollars, provided that all General Revolving Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of General Revolving Loans of the same Type; (iii) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (iv) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment exceeds the outstanding Swing Line Revolving Loans; and (v) shall not exceed for any Lender at any time outstanding that aggregate principal amount which, when added to the product at such time of (A) such Lender's General Revolving Facility Percentage, times (B) the aggregate Letter of Credit Outstandings, equals the General Revolving Commitment of such Lender at such time.

Appears in 1 contract

Samples: Credit Agreement (Miami Computer Supply Corp)

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GENERAL REVOLVING FACILITY. Loans to the Borrower under the General Revolving Facility (each a "General Revolving LoanGENERAL REVOLVING LOAN" and, collectively, the "General Revolving GENERAL REVOLVING Loans"): ) (i) may be incurred by the Borrower made at any time and from time to time on and after the Closing Date and prior to the earlier of the Maturity Date or the date the Total General Revolving Commitment is terminatedMaturity Date; (ii) shall be made only in U.S. Dollars; (iii) except as otherwise provided, may, at the option of the Borrower, be incurred and maintained as, or Converted converted into, General Revolving Loans which are either Prime Rate Loans or Eurodollar Loans, in each case denominated in Dollars, provided PROVIDED that all General Revolving Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of General Revolving Loans of the same Type; (iiiiv) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (ivv) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment exceeds the outstanding Swing Line Revolving Loans; and (vvi) shall not exceed for any Lender at any time outstanding that aggregate principal amount which, when added to the product at such time of (A) such Lender's General Revolving Facility Percentage, times TIMES (B) the aggregate Letter of Credit Outstandings, equals the General Revolving Commitment of such Lender at such time.

Appears in 1 contract

Samples: Credit Agreement (Hawk Corp)

GENERAL REVOLVING FACILITY. Loans to the Borrower under the General Revolving Facility (each a "General Revolving LoanGENERAL REVOLVING LOAN" and, collectively, the "General Revolving LoansGENERAL REVOLVING LOANS"): ) (i) may be incurred by the Borrower made at any time and from time to time on and after the Closing Date and prior to the earlier of the Maturity Date or the date the Total General Revolving Commitment is terminatedDate; (ii) shall be made only in U.S. Dollars; (iii) except as otherwise provided, may, at the option of the Borrower, be incurred and maintained as, or Converted converted into, General Revolving Loans which are either Prime Rate Loans or Eurodollar Loans, in each case denominated in Dollars, provided PROVIDED that all General Revolving Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of General Revolving Loans of the same Type; (iiiiv) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (ivv) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment exceeds the outstanding Swing Line Revolving Loans; and (vvi) shall not exceed for any Lender at any time outstanding that aggregate principal amount which, when added to the product at such time of (A) such Lender's General Revolving Facility Percentage, times TIMES (B) the aggregate Letter of Credit Outstandings, equals the General Revolving Commitment of such Lender at such time.

Appears in 1 contract

Samples: Credit Agreement (NCS Healthcare Inc)

GENERAL REVOLVING FACILITY. Loans to the Borrower under the General Revolving Facility (each a "General Revolving LoanGENERAL REVOLVING LOAN" and, and collectively, the "General Revolving LoansGENERAL REVOLVING LOANS"): (i) may be incurred by the Borrower at any time and from time to time on and after the Closing Date and prior to the earlier of the Maturity Date or the date the Total General Revolving Commitment is terminatedDate; (ii) except as otherwise provided, may, at the option of the Borrower, be incurred and maintained as, or Converted into, General Revolving Loans which are Prime Rate Loans or Eurodollar Loans, in each case denominated in Dollars, provided PROVIDED that all General Revolving Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of General Revolving Loans of the same Type; (iii) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (iv) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment exceeds the outstanding Swing Line Revolving Loans; and (v) shall not exceed for in the case of any Lender at any time outstanding that aggregate principal amount whichwith a General Revolving Commitment, when added to the product at such time of (A) may not be incurred if after giving effect thereto such Lender's General Revolving Facility Percentage, times (B) the aggregate Letter of Credit Outstandings, equals the Exposure would exceed its General Revolving Commitment of such Lender at such timeas then in effect.

Appears in 1 contract

Samples: Credit Agreement (Fca of Ohio Inc)

GENERAL REVOLVING FACILITY. Loans to the Borrower under the General Revolving Facility (each a "General Revolving Loan" and, collectively, the "General Revolving Loans"): (i) may be incurred by the Borrower made at any time and from time to time on and after the Closing Date and prior to the earlier of the Maturity Date or the date the Total General Revolving Commitment is terminatedDate; (ii) shall be made only in U.S. dollars or an Alternative Currency; (iii) except as otherwise provided, may, at the option of the Borrower, be incurred and maintained as, or Converted or Redenominated into, General Revolving Loans which that are either Prime Rate Loans or Eurodollar Loans, in each case denominated in DollarsDollars or an Alternative Currency, provided that all General Revolving Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of General Revolving Loans of the same TypeType and currency, and provided, further, that the aggregate principal amount of Loans denominated in Alternative Currency shall not exceed $20,000,000 at any time outstanding (the “Alternative Currency Sublimit”); (iiiiv) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (ivv) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment exceeds the outstanding Swing Line Revolving Loans; and (vvi) shall not exceed for any Lender at any time outstanding that aggregate principal amount which, when added to the product at such time of (A) such Lender's General Revolving Facility Percentage, times (B) the aggregate Letter of Credit Outstandings, equals the General Revolving Commitment of such Lender at such time.

Appears in 1 contract

Samples: General Revolving Note (Calgon Carbon Corporation)

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GENERAL REVOLVING FACILITY. Loans to the Borrower under the General Revolving Facility (each a "General Revolving Loan" and, collectively, the "General Revolving Loans"): (i) may be incurred by the Borrower made at any time and from time to time on and after the Closing Date and prior to the earlier of the Maturity Date or the date the Total General Revolving Commitment is terminatedDate; (ii) shall be made only in U.S. dollars or an Alternative Currency; (iii) except as otherwise provided, may, at the option of the Borrower, be incurred and maintained as, or Converted or Redenominated into, General Revolving Loans which that are either Prime Rate Loans or Eurodollar Loans, in each case denominated in DollarsDollars or an Alternative Currency, provided that all General Revolving Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of General Revolving Loans of the same TypeType and currency, and provided, further, that the aggregate principal amount of Loans denominated in Alternative Currency shall not exceed $20,000,000 at any time outstanding (the "Alternative Currency Sublimit"); (iiiiv) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (ivv) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment exceeds the outstanding Swing Line Revolving Loans; and (vvi) shall not exceed for any Lender at any time outstanding that aggregate principal amount which, when added to the product at such time of (A) such Lender's General Revolving Facility Percentage, times (B) the aggregate Letter of Credit Outstandings, equals the General Revolving Commitment of such Lender at such time.

Appears in 1 contract

Samples: Credit Agreement (Calgon Carbon Corporation)

GENERAL REVOLVING FACILITY. Loans to the Borrower under the General Revolving Facility (each a "General Revolving Loan" and, collectively, the "General Revolving Loans"): (i) may be incurred by the Borrower made at any time and from time to time on and after the Closing Date and prior to the earlier of the Maturity Date or the date the Total General Revolving Commitment is terminatedDate; (ii) shall be made only in U.S. dollars; (iii) except as otherwise provided, may, at the option of the Borrower, be incurred and maintained as, or Converted into, General Revolving Loans which that are either Prime Rate Loans or Eurodollar Loans, in each case denominated in Dollars, provided that all General Revolving Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of General Revolving Loans of the same Type; (iiiiv) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (ivv) may only be made if after giving effect thereto the Unutilized Unused Total General Revolving Commitment exceeds the outstanding Swing Line Revolving Loans; and (vvi) shall not exceed for any Lender at any time outstanding that aggregate principal amount which, when added to the product at such time of (A) such Lender's General Revolving Facility Percentage, times (B) the aggregate Letter of Credit Outstandings, equals the General Revolving Commitment of such Lender at such timetime minus such Lender’s General Revolving Facility Percentage of the Letter of Credit Outstandings and Swing Line Participation Amount.

Appears in 1 contract

Samples: Credit Agreement (Calgon Carbon Corporation)

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