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 or Rollover or cause the issuance of any Letter of Credit hereunder if: (i) after giving effect to such Borrowing or Rollover or issuance of such Letter of Credit, (A) the Dollar Equivalent of the Principal Obligations of Loans and Letters of Credit denominated in Alternative Currencies would exceed the Alternative Currency Sublimit or (B) the Dollar Equivalent of the Principal Obligations would exceed the Available Commitment; provided that the foregoing restriction shall apply only to the extent of the amount by which such Borrowing or Rollover would cause (x) the Dollar Equivalent of the Principal Obligations of Loans and Letters of Credit denominated in Alternative Currencies to exceed the Alternative Currency Sublimit or (y) the Dollar Equivalent of the Principal Obligations to exceed the Available Commitment; and/or (ii) an Event of Default or, in the case of any Borrowing (but not a Rollover) 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 or Rollover or cause the issuance of any Letter of Credit hereunder if: (i) after giving effect to such Borrowing or Rollover or issuance of such Letter of Credit, (A) the Dollar Equivalent of the Principal Obligations of Loans and Letters of Credit denominated in Alternative Currencies would exceed the Alternative Currency Sublimit or (B) the Dollar Equivalent of the Principal Obligations would exceed the Available Commitment; provided that the foregoing restriction shall apply only to the extent of the amount by which such Borrowing or Rollover would cause (x) the Dollar Equivalent of the Principal Obligations of Loans and Letters of Credit denominated in Alternative Currencies to exceed the Alternative Currency Sublimit or (y) the Dollar Equivalent of the Principal Obligations to exceed the Available Commitment; and/or (ii) an Event of Default or, in the case of any Borrowing (but not a Rollover) to the knowledge of the Administrative Agent or the actual knowledge of any Responsible Officer of any Credit PartyBorrower, a Default exists.