Common use of Permitted Borrower Sublimit Clause in Contracts

Permitted Borrower Sublimit. If at any time and for any reason with respect to any Permitted Borrower, the aggregate principal amount (tested in the manner set forth in clause (a) above) of all Revolving Credit Advances and all Swing Line Advances outstanding hereunder to such Permitted Borrower, plus the aggregate undrawn portion of all Letter of Credit Obligations for the account of such Permitted Borrower (tested in the manner set forth in clause (a) above), which Advances and Letters of Credit are made or issued, or to be made or issued, in Dollars and ninety percent (90%) of the aggregate Current Dollar Equivalent of all such Advances and Letters of Credit (including unreimbursed draws) hereunder for the account of such Permitted Borrower in any Alternative Currency as of such time, exceeds the Permitted Borrower Sublimit applicable to such Permitted Borrower (as used in this clause (c), the "Excess"), then in each case, such Permitted Borrower shall:

Appears in 2 contracts

Samples: Loan Agreement (Autocam Corp/Mi), Autocam Corp/Mi

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Permitted Borrower Sublimit. If at any time and for any reason with respect to any Permitted Borrower, the aggregate principal amount (tested in the manner set forth in clause (a) above) of all Advances of the Revolving Credit Advances and all of the Swing Line Advances outstanding hereunder to such Permitted Borrower, plus the aggregate undrawn portion of all Letter of Credit Obligations under any Letters of Credit to or for the account of such Permitted Borrower (tested in the manner set forth in clause (a) above), which Advances and Letters of Credit are made or issued, or to be made or issued, in Dollars and ninety percent (90%) of the aggregate Current Dollar Equivalent of all such Advances and Letters of Credit (including unreimbursed draws) hereunder Obligations for the account of such Permitted Borrower in any Alternative Currency as of such time, exceeds the applicable Permitted Borrower Sublimit applicable to such Permitted Borrower (as used in this clause (cb), the "Excess"), then in each case, such Permitted Borrower shall:

Appears in 1 contract

Samples: Credit Agreement (Vishay Intertechnology Inc)

Permitted Borrower Sublimit. If at any time and for any reason with respect to any Permitted Borrower, the aggregate principal amount (tested in the manner set forth in clause (a) above) of all Advances of the Revolving Credit Advances and all of the Swing Line Advances outstanding hereunder to such Permitted Borrower, plus the aggregate undrawn portion of all Letter of Credit Obligations under any Letters of Credit to or for the account of such Permitted Borrower (tested in the manner set forth in clause (a) above), which Advances and Letters of Credit are made or issued, or to be made or issued, in Dollars and ninety percent (90%) of the aggregate Current Dollar Equivalent of all such Advances and Letters Letter of Credit (including unreimbursed draws) hereunder Obligations for the account of such Permitted Borrower in any Alternative Currency as of such time, exceeds the applicable Permitted Borrower Sublimit applicable to such Permitted Borrower (as used in this clause (cb), the "Excess"), then in each case, such Permitted Borrower shall:

Appears in 1 contract

Samples: Credit Agreement (Vishay Intertechnology Inc)

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Permitted Borrower Sublimit. If at any time and for any reason with respect to any Permitted Borrower, the aggregate principal amount (tested in the manner set forth in clause (a) above) of all Advances of the Revolving Credit Advances and all of the Swing Line Advances outstanding hereunder to such Permitted Borrower, plus the aggregate undrawn portion of all Letter any Letters of Credit, plus the face amount of any Letters of Credit Obligations requested but not yet issued, plus the unreimbursed amount of any drawings under any Letters of Credit to or for the account of such Permitted Borrower (tested in the manner set forth in clause (a) above), which Advances and Letters of Credit are made or issued, or to be made or issued, in Dollars and ninety percent (90%) of the aggregate Current Dollar Equivalent of all such Advances and Letters of Credit (including unreimbursed draws) hereunder for the account of such Permitted Borrower in any Alternative Currency as of such time, exceeds the applicable Permitted Borrower Sublimit applicable to such Permitted Borrower (as used in this clause (cb), the "Excess"), then in each case, such Permitted Borrower shall:

Appears in 1 contract

Samples: Credit Agreement (Vishay Intertechnology Inc)

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