Limitation of Commitments Pending General Syndication and Additional Appraisals Sample Clauses

Limitation of Commitments Pending General Syndication and Additional Appraisals. The limitation of Commitments as set forth in Paragraph 6 of the Fourth Amendment shall continue in effect, it being acknowledged that the General Syndication has not yet been completed and the additional appraisals referred to in Exhibit 8E have not yet been received.
Sample 1
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Limitation of Commitments Pending General Syndication and Additional Appraisals. Any term of the Credit Agreement notwithstanding, including the definitions of Commitments, LC Commitments, Revolving Loan Commitments and Term Loan Commitments as set forth in Section 1.1 of the Credit Agreement, General Definitions, as amended by this Amendment, unless and until the General Syndication has been completed and the additional appraisals received as set forth in Exhibit 8D, item 25, the total Commitments are and shall be limited to $149,996,250, of which the Revolving Loan Commitments are and shall be limited to $66,665,000 and of which the Term Loan Commitments are and shall be limited to $83,331,250, which, based upon the existing Lenders Pro Rata Percentages as of the time of this Amendment, results in limited Commitments as follows: Revolving Loan Commitments: -------------------------- Name of Lender Pro Rata Percentage Maximum $ -------------- ------------------- --------- U.S. Bancorp Ag Credit, Inc. 30.000750019% $20,000,000 Farm Credit Services of Western Missouri, PCA 23.333083327% $15,555,000 Harrxx Xxxst and Savings Bank 23.333083327% $15,555,000 Firstar Bank, N.A. 23.333083327% $15,555,000 ------------- ----------- TOTAL: 100% $66,665,000 Term Loan Commitments: --------------------- Name of Lender Pro Rata Percentage Maximum $ -------------- ------------------- --------- U.S. Bancorp Ag Credit, Inc. 30.000750019% $25,000,000 Farm Credit Services of Western Missouri, PCA 23.333083327% $19,443,750 Harrxx Xxxst and Savings Bank 23.333083327% $19,443,750 Firstar Bank, N.A. 23.333083327% $19,443,750 ------------- ----------- TOTAL: 100% $83,331,250
Sample 1

Related to Limitation of Commitments Pending General Syndication and Additional Appraisals

  • Additional Conditions to Swingline Loans If a Swingline Loan is requested, all conditions set forth in Section 2.4 shall have been satisfied.

  • Limitation of responsibility of Existing Lenders (a) Unless expressly agreed to the contrary, an Existing Lender makes no representation or warranty and assumes no responsibility to a New Lender for:

  • Termination and Reduction of Commitments (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

  • Termination, Reduction and Increase of Commitments (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

  • Termination and Reduction of Revolving Commitments (a) Unless previously terminated, the Revolving Commitments shall terminate on the Maturity Date.

  • Limitations on Loans, Advances, Investments and Acquisitions Purchase, own, invest in or otherwise acquire, directly or indirectly, any Capital Stock, interests in any partnership or joint venture (including, without limitation, the creation or capitalization of any Subsidiary), evidence of Indebtedness or other obligation or security, substantially all or a portion of the business or assets of any other Person or any other investment or interest whatsoever in any other Person, or make or permit to exist, directly or indirectly, any loans, advances or extensions of credit to, or any investment in cash or by delivery of property in, any Person except:

  • Reallocation of Commitments Upon the effectiveness of this Agreement, all outstanding “Revolving Credit Loans” given by the Lenders under and as defined in the Existing Credit Agreement owing by the Borrower under the Existing Credit Agreement shall be deemed to be Revolving Credit Loans hereunder. The parties hereto acknowledge and agree that, notwithstanding the provisions regarding assignments set forth in Section 10.06 hereof, as of the Closing Date, (i) the Commitments and Applicable Percentages for each of the Lenders are as set forth on Schedule 2.01 and (ii) each Lender that is party to the Existing Credit Agreement whose loan commitments under the Existing Credit Agreement is greater than its Commitments hereunder shall be deemed to have assigned, without recourse, to one or more Lenders such portion of such decreasing Lender’s existing loans and commitments under the Existing Credit Agreement as shall be necessary to effectuate the reallocation of commitments and existing loans contemplated hereby. Notwithstanding anything to the contrary in the Existing Credit Agreement or this Agreement, no other documents or instruments, including any Assignment and Assumption, shall be executed in connection with such assignments (all of which requirements are hereby waived), and such assignments shall be deemed to be made with all applicable representations, warranties and covenants as if evidenced by an Assignment and Assumption. On the Closing Date, the Lenders shall make full cash settlement with each other through the Administrative Agent with respect to all assignments, reallocations and other changes in commitments contemplated hereby such that after giving effect to such settlements each Lender’s Applicable Percentage with respect to the applicable Facility shall be as set forth on Schedule 2.01; provided, that the foregoing re-allocations and deemed assignments shall not give rise to, and each Lender hereby waives, payment of any additional amounts under Section 3.05.

  • Limitation of responsibility of Existing Lender (a) Unless expressly agreed to the contrary, an Existing Lender is not responsible to a New Lender for the legality, validity, adequacy, accuracy, completeness or performance of:

  • Conditions Precedent to Each Borrowing and Issuance The obligation of each Lender to make an Advance (other than an Advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c)) on the occasion of each Borrowing and the obligation of each Issuing Bank to issue a Letter of Credit shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Borrowing or such Issuance (as the case may be) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing or Notice of Issuance and the acceptance by the Borrower of the proceeds of such Borrowing or such Issuance shall constitute a representation and warranty by the Borrower that on the date of such Borrowing or such Issuance such statements are true):

  • Additional Conditions to Revolving Loans If a Revolving Loan is requested, all conditions set forth in Section 2.1 shall have been satisfied.

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