Primary Facility. On the terms and subject to the conditions set forth herein, each of the Lenders severally agrees that it shall, from time to time to but not including the Maturity Date, advance its respective Primary Percentage Share of loans (the "Primary Loans" or a "Primary Loan") to the Company in amounts not to exceed in the aggregate at any date outstanding the Aggregate Credit Limit minus the aggregate dollar amount of Swing Loans outstanding on such date (including Swing Loans to be funded on such date but excluding Swing Loans to be repaid on such date).
Primary Facility. Notwithstanding the satisfaction of all conditions referred to herein with respect to any proposed Borrowing consisting of Eurocurrency Advances denominated in any Foreign Currencies and made under the Primary Facility, if there shall occur on or prior to the date of such Borrowing any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which would in the reasonable opinion of the US Administrative Agent or the Majority Lenders with respect to the Primary Facility, make it impracticable for such Borrowing to be denominated in the Agreed Currency designated by the Borrower, then the US Administrative Agent shall forthwith give notice thereof to the Borrower and the Primary Lenders, and such Advances shall not thereafter be denominated and funded in such Agreed Currency but shall, except as otherwise set forth in Article II, be made on such date in Dollars, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Notice of Borrowing, as the case may be, as Primary Prime Rate Advances to the Borrower, unless the Borrower notifies the US Administrative Agent at least one Business Day before such date that (i) it elects not to borrow on such date or (ii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Advances would in the opinion of the US Administrative Agent and the Majority Lenders with respect to the Primary Facility be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related Notice of Borrowing, as the case may be.
Primary Facility. On the terms and subject to the conditions set forth herein, each of the Lenders severally agrees that it shall, from time to time to but not including the Revolving Facility Maturity Date, advance its respective Primary Percentage Share of loans (the “Primary Loans” or a “Primary Loan”) to the Company in amounts not to exceed in the aggregate at any date outstanding the Aggregate Credit Limit minus the sum of: (i) the aggregate dollar amount of Swing Loans outstanding on such date, plus (ii) the aggregate dollar amount of Within Commitment Negotiated Loans outstanding on such date. In calculating the availability of Primary Loans on any date, Loans outstanding, including, without limitation, Swing Loans and Within Commitment Negotiated Loans, shall include all Loans to be funded on such date and shall exclude Loans which will be repaid on such date.
Primary Facility. On the terms and subject to the conditions set forth herein, each of the Lenders ---------------- severally agrees that it shall, from time to time to but not including the Revolving Facility Maturity Date (as that term and capitalized terms used herein are defined in, or the location of the definitions of such terms referenced in, the Glossary attached hereto as Annex I), advance its respective Primary Percentage Share of loans (the "Primary Loans" or a "Primary Loan") to the Company in amounts not to exceed in the aggregate at any date outstanding the Aggregate Credit Limit minus the aggregate dollar amount of Swing Loans outstanding on such date (including Swing Loans to be funded on such date but excluding Swing Loans to be repaid on such date).
Primary Facility. Subject to the terms and conditions hereof, during the Term of this Agreement, each Lender hereby severally agrees to make such loans (each, individually, a "Revolving Credit Loan" and collectively with the Loans under Section 3.1(b) below, the "Revolving Credit Loans"), to the Borrower as the Borrower may from time to time request pursuant to Section 3.3(a). Subject to the terms and conditions hereof, during the Term of this Agreement, the Alternate Currency Bank hereby agrees to make Alternate Currency Loans to the Alternate Currency Borrowers pursuant to the applicable Alternate Currency Addenda as the applicable Alternate Currency Borrower may from time to time request pursuant to Section 3.19 and the Applicable Currency Addenda. The aggregate principal amount of Revolving Credit Loans which Lenders, cumulatively, shall be required to have outstanding under this Section 3.1(a) at any one time, plus such Lenders' respective obligations (i) under Section 3.18 to purchase pro rata interests in the outstanding principal amount of the Swing Loans then outstanding under Section 3.2, (ii) to purchase participations under Section 3.19(e) in the Dollar Amounts of Alternate Currency Loans then outstanding pursuant to Section 3.19, and (iii) to purchase participations under Section 3.4(d) in the undrawn face amount of Letters of Credit issued by Administrative Agent and then outstanding under Section 3.4, shall not, other than as a result of currency exchange rate fluctuations, exceed Three Hundred Million Dollars ($300,000,000.00). The amount each Lender shall be required to have outstanding hereunder as Revolving Credit Loans plus its undivided Pro Rata Share of each Swing Loan made by Mercantile under Section 3.2 plus its undivided Pro Rata Share participation interest in each Letter of Credit issued by Administrative Agent under Section 3.4, plus its undivided Pro Rata Share of each Alternate Currency Loan made pursuant to Section 3.19, shall not, other than as a result of currency exchange rate fluctuations, exceed, in the aggregate at any one time outstanding, the amount of such Lender's Revolving Credit Commitment. Each Revolving Credit Loan under this Section 3.1(a) shall be made by the Lenders ratably in proportion to their respective Revolving Credit Commitments. Subject to the terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow the amounts available under this Section 3.1(a).
Primary Facility. So long as no Unmatured Event ---------------- of Default or Event of Default has occurred hereunder and subject to the terms and conditions of this Agreement, Bank agrees to make Primary Facility Loans to Borrower from the Closing Date to but not including the Primary Maturity Date, at such times and in such amounts as Borrower may request, which amounts may be borrowed, repaid and reborrowed subject to the lim itations set forth herein; provided, however, ----------------- that the aggregate principal amount of the obligations outstanding at any time including, without limitation, the Primary Facility Loans and Term Facility Loans made and requested to be made by Bank shall not exceed the sum of $35,000,000.00 on or before January 2, 1999 and thereafter shall not exceed $25,000,000.00. On or before Jan uary 2, 1999 an amount ("Reduction Amount") equal to the outstanding Loans less an amount equal to $25,000,000.00 shall be paid in full. No portion of the Reduction Amount shall bear interest at a LIBOR Rate for an Interest Period which extends beyond January 2, 1999. Notwithstanding anything to the contrary contained in this Agreement, no Primary Facility Loan bearing interest at a LIBOR Rate may be repaid or reborrowed until the expiration of the applicable Interest Period with respect thereto. Except as otherwise provided in Section 2.7 below, on the Primary Maturity Date, all of the Primary Facility Loans shall be immediately due and payable. If, at any time or for any reason, the aggregate principal balance of the Primary Facility Loans exceeds the above limitation (an "Over Advance"), Borrower shall immedi- ately pay to Bank, in immediately available funds, the amount of such Over Advance.
Primary Facility. The Administrative Agent shall have received evidence satisfactory to it that all terms and conditions to the effectiveness of the Primary Facility have been satisfied.
