Common use of Limitations on Loans Clause in Contracts

Limitations on Loans. No requested Revolving Credit Loan shall be made if the sum of the Aggregate Outstanding Revolving Credit Extensions of Credit (after giving effect to such requested Revolving Credit Loan) would exceed the then aggregate Revolving Credit Commitments. The aggregate amount of the Term Loans shall not exceed the aggregate Term Loan Commitments.

Appears in 2 contracts

Samples: Quarterly Report, Credit Agreement (El Paso Energy Partners Lp)

AutoNDA by SimpleDocs

Limitations on Loans. No requested Revolving Credit Loan shall be made if the sum of the Aggregate Outstanding aggregate Revolving Credit Extensions of Credit Exposure (after giving effect to such requested Revolving Credit Loan) would exceed the then aggregate Revolving Credit Commitments. The No requested Term Loan shall be made, if the aggregate amount of the Term Loans shall not outstanding (after giving effect to such requested Term Loan) would exceed the then aggregate Term Loan Commitments.

Appears in 1 contract

Samples: Credit Agreement (El Paso Energy Partners Lp)

AutoNDA by SimpleDocs

Limitations on Loans. No requested Revolving Credit Loan shall be made if the sum of the Aggregate Outstanding Revolving Credit Extensions of Credit (after giving effect to such requested Revolving Credit Loan) would exceed the then aggregate Revolving Credit Commitments. The aggregate amount of the Additional Term Loans shall not exceed the aggregate of the then-outstanding Additional Term Loan Commitments.

Appears in 1 contract

Samples: Credit Agreement (Gulfterra Energy Partners L P)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!