Common use of Nature of Lenders’ Obligations with Respect to Revolving Credit Loans Clause in Contracts

Nature of Lenders’ Obligations with Respect to Revolving Credit Loans. The aggregate of the Lender's Revolving Credit Loans outstanding hereunder to the Borrowers at any time shall never exceed its Revolving Credit Commitment minus the Letter of Credit Obligations. The Lender shall have no obligation to make Revolving Credit Loans hereunder on or after the Expiration Date.

Appears in 2 contracts

Samples: Credit Agreement (Park Electrochemical Corp), Credit Agreement (Park Electrochemical Corp)

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Nature of Lenders’ Obligations with Respect to Revolving Credit Loans. The aggregate of the Lender's ’s Revolving Credit Loans outstanding hereunder to the Borrowers at any time shall never exceed its Revolving Credit Commitment minus the Letter of Credit Obligations. The Lender shall have no obligation to make Revolving Credit Loans hereunder on or after the Expiration Date.

Appears in 1 contract

Samples: Credit Agreement (EPAM Systems, Inc.)

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Nature of Lenders’ Obligations with Respect to Revolving Credit Loans. The aggregate of the Lender's ’s Revolving Credit Loans outstanding hereunder to the Borrowers at any time shall never exceed its Revolving Credit Commitment minus the Letter of Credit ObligationsCommitment. The Lender shall have no obligation to make Revolving Credit Loans hereunder on or after the Expiration Date.

Appears in 1 contract

Samples: Credit Agreement (Park Electrochemical Corp)

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