Common use of Loan Availability Clause in Contracts

Loan Availability. Subject to the terms and conditions of this Agreement (including the amount limitations set forth in PARAGRAPH 2.02 and the conditions set forth in SECTION III), each Lender severally agrees to advance to Borrower from time to time during the period beginning on the Closing Date and ending on the Maturity Date such loans as Borrower may request under this PARAGRAPH 2.01 (individually, a "LOAN"); PROVIDED, HOWEVER, that (i) the aggregate principal amount of all Loans made by such Lender at any time outstanding shall not exceed such Lender's Commitment at such time and (ii) the aggregate principal amount of all Loans made by all Lenders at any time outstanding shall not exceed the Total Commitment at such time. All Loans shall be made on a pro rata basis by the Lenders in accordance with their respective Proportionate Shares, with each Borrowing to be comprised of a Loan by each Lender equal to such Lender's Proportionate Share of such Borrowing. Except as otherwise provided herein, Borrower may borrow, repay and reborrow Loans until the Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Adac Laboratories), Credit Agreement (Adac Laboratories)

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Loan Availability. Subject to the terms and conditions of this Agreement (including the amount limitations set forth in PARAGRAPH 2.02 and the conditions set forth in SECTION IIIParagraph 2.03), each Lender severally agrees to advance to Borrower from time to time during the period beginning on the Closing Date and ending on the Maturity Date such loans as Borrower may request under this PARAGRAPH Paragraph 2.01 (individually, a "LOANLoan"); PROVIDEDprovided, HOWEVERhowever, that (i) the aggregate principal amount of all Loans made by such Lender at any time outstanding shall not exceed such Lender's Commitment at such time and (ii) the aggregate principal amount of all Loans made by all Lenders at any time outstanding shall not exceed the Total Commitment at such time. All Loans shall be made on a pro rata basis by the Lenders in accordance with their respective Proportionate Shares, with each Borrowing to be comprised of a Loan by each Lender equal to such Lender's Proportionate Share of such Borrowing. Except as otherwise provided herein, Borrower may borrow, repay and reborrow Loans until the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Silicon Valley Group Inc)

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Loan Availability. Subject to On the terms and subject to the conditions of this Agreement (including the amount limitations set forth in PARAGRAPH 2.02 and the conditions set forth in SECTION III)Agreement, each Lender severally agrees to advance to the Borrower from time to time during the period beginning on the Closing Date and ending on up to, but not including the Maturity Date such loans in Dollars as the Borrower may request under this PARAGRAPH 2.01 Section 2.01(a) (individually, a "LOAN"“Loan”); PROVIDEDprovided, HOWEVERhowever, that (i) the aggregate principal amount sum of (A) the Effective Amount of all Loans made by such Lender at any time outstanding and (B) such Lender’s Proportionate Share of the Effective Amount of all L/C Obligations at any time outstanding shall not exceed such Lender's ’s Commitment at such time and (ii) the aggregate principal amount sum of (A) the Effective Amount of all Loans made by all the Lenders at any time outstanding and (B) the Effective Amount of all L/C Obligations at any time outstanding shall not exceed the Total Commitment at such time. All Loans shall be made on a pro rata basis by the Lenders in accordance with their respective Proportionate Shares, with each Borrowing to be comprised of a Loan by each Lender equal to such Lender's ’s Proportionate Share of such Borrowing. Except as otherwise provided herein, the Borrower may borrow, repay and reborrow Loans until the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Netflix Inc)

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