Common use of Limitation on Borrowings and Re-borrowings Clause in Contracts

Limitation on Borrowings and Re-borrowings. Except as provided in clause (c) below, the Lenders shall not be required to advance any Borrowing, Conversion or Rollover or cause the issuance or extension of any Letter of Credit hereunder if: (i) after giving effect to such Borrowing, Conversion or Rollover or issuance or extension of such Letter of Credit, (A) the Principal Obligations of Loans would exceed the Available Commitment; and/or (ii) an Event of Default or, in the case of any Borrowing to the knowledge of the Administrative Agent or the actual knowledge of any Responsible Officer of any Credit Party, a Default exists.

Limitation on Borrowings and Re-borrowings. Except as provided in clause (c) below, the Lenders shall not be required to advance any Borrowing, Conversion or Rollover or cause the issuance or extension of any Letter of Credit hereunder if: (i) after giving effect to such Borrowing, Conversion or Rollover or issuance or extension of such Letter of CreditRollover, (A) the Principal Obligations of Loans would exceed the Available Commitment; and/or (ii) an Event of Default or, in the case of any Borrowing to the knowledge of the Administrative Agent or the actual knowledge of any Responsible Officer of any Credit Party, a Default exists.

Limitation on Borrowings and Re-borrowings. Except as provided in clause (c) below, the Lenders shall not be required to advance any Borrowing, Conversion or Rollover or cause the issuance or extension of any Letter of Credit hereunder if: (i) after giving effect to such Borrowing, Conversion or Rollover or issuance or extension of such Letter of Credit, (A) the Principal Obligations of Loans would exceed the Available Commitment; and/or (ii) an Event of Default or, in the case of any Borrowing to the knowledge of the Administrative Agent or the actual knowledge of any Responsible Officer of any Credit Party, a Default exists.

Limitation on Borrowings and Re-borrowings. Except as provided in clause (c) below, the Lenders shall not be required to advance any Borrowing, Conversion or Rollover or cause the issuance or extension of any Letter of Credit hereunder if: (i) after giving effect to such Borrowing, Conversion or Rollover or issuance or extension of such Letter of CreditRollover, (A) the Principal Obligations of Loans would exceed the Available Commitment; and/or (ii) an Event of Default or, in the case of any Borrowing to the knowledge of the Administrative Agent or the actual knowledge of any Responsible Officer of any Credit PartyBorrower, a Default exists.