RC Loans. The aggregate outstanding principal amount of the RC Loans shall mature and become due and payable, and shall be repaid by the Borrowers, on the RC Maturity Date.
RC Loans. Each RC Loan shall mature and become due and payable, and shall be repaid by the Borrower, in full on the Termination Date.
RC Loans. The Borrower may, at any time and from time to time, prepay the RC Loans in whole or in part, without premium or penalty (but subject to Section 1.15), except that any partial prepayment shall be in an aggregate principal amount of $2,000,000 or any multiple of $500,000 in excess thereof. The Borrower shall give the Administrative Agent notice of each prepayment no later than 11:00 a.m. (New York time) on, in the case of a prepayment of Base Rate Loans, the day of such prepayment (which shall be a Business Day) and, in the case of a prepayment of Eurodollar Rate Loans, the third Eurodollar Business Day before the date of such prepayment (which shall be a Eurodollar Business Day). Each such notice of prepayment shall be in the form of Schedule 1.06 and shall specify (i) the date such prepayment is to be made and (ii) the amount and Type and, in the case of Eurodollar Rate Loans, the last day of the applicable Interest Period of the RC Loans to be prepaid. Upon receipt of any such notice, the Administrative Agent shall promptly notify each Bank of the contents thereof and the amount and Type and, in the case of Eurodollar Rate Loans, the last day of the applicable Interest Period of each RC Loan of such Bank to be prepaid. Amounts to be prepaid shall irrevocably be due and payable on the date specified in the applicable notice of prepayment, together with interest thereon as provided in Section 1.04(b).
RC Loans. Upon the terms and subject to the conditions of this Agreement (including all conditions precedent in Section 3.1), each Lender agrees to make, from time to time during the period from and including the Closing Date to but excluding the Maturity Date, one or more RC Loans ("RC Loans") to the Borrowers in an aggregate unpaid principal amount not exceeding at any time such Lender's RC Commitment at such time; provided, however, that the Borrowers shall not request, and the Lenders shall have no obligation to make, any Loans at any time in excess of the Available RC Commitment. The total amount of the RC Commitment of all Lenders on the Closing Date is $75,000,000.00.
RC Loans. Upon the terms and subject to the conditions of this -------- Agreement, each Bank agrees to make, from time to time during the period from the Agreement Date through the RC Termination Date, one or more RC Loans to the Borrower in an aggregate unpaid principal amount not exceeding at any time such Bank's RC Commitment at such time; provided that no such RC Loan shall be made -------- if, after giving effect to the making of such RC Loan and the simultaneous application of the proceeds thereof, (i) the aggregate amount of the Exposure of such Bank would exceed the RC Commitment of such Bank or (ii) the aggregate amount of the Exposures of all of the Banks would exceed the aggregate amount of the RC Commitments. The aggregate amount of the RC Commitments on the Agreement Date is $500,000,000.
RC Loans. Upon the terms and subject to the conditions of this Agreement, each Bank severally and not jointly agrees to make, at any time and from time to time during the period from the Agreement Date to, but not including, the Maturity Date, one or more RC Loans to the Company in an aggregate unpaid principal amount, together with the aggregate amount of such Bank's pro rata shares (determined in accordance with Section 2.02(b)(vii)) of all Bid Rate Loans then outstanding, not exceeding such Bank's Commitment at such time. Subject to the terms and conditions of this Agreement, the RC Loans may, at the option of the Company, be made as Base Rate or Eurodollar Loans, or any combination
RC Loans. The Company shall give the Administrative Agent (which shall promptly notify the Banks) notice of each RC Borrowing hereunder as provided in Section 4.05. Not later than 1:00 p.m. (New York City time) on the date specified for the RC Borrowing hereunder, each Bank shall make available the amount of the RC Loan to be made by it on such date to the Administrative Agent in immediately available funds. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the Company not later than 2:00 p.m. (New York City time) on the date specified for the RC Borrowing, by depositing the same, in immediately available funds, in an account of the Company maintained with BNY at its Principal Office designated by the Company.
RC Loans. The Company hereby promises to pay to the Administrative Agent for account of each Bank interest on the unpaid principal amount of each RC Loan made by such Bank for the period from and including the funding date of such RC Loan to but excluding the date on which such RC Loan shall be paid in full, at the following rates per annum:
(i) during any period such RC Loan is a Base Rate Loan, the Base Rate (as in effect from time to time); and
(ii) during any period such RC Loan is a Eurodollar Loan, for each Interest Period relating thereto, the Eurodollar Rate for such Eurodollar Loan for such Interest Period plus the Applicable Margin.
RC Loans. (i) An Authorized Representative of an RC Borrower shall give the Agent:
(1) at least two (2) Business Days' irrevocable telephonic notice of each RC Loan to such RC Borrower denominated in either Dollars or Euros (whether representing an additional borrowing or the Continuation of a borrowing hereunder) prior to 1:00 P.M.; and
(2) at least three (3) Business Days' irrevocable telephonic notice of each RC Loan to such RC Borrower denominated in any Alternative Currency other than Dollars (or, in the case of any RC Loan denominated in any other currency determined to be an Alternative Currency after the date hereof, such greater notice period reasonably determined by the Agent to be necessary), whether representing an additional borrowing or the Continuation of a borrowing hereunder, prior to 1:00 P.M. Each such notice shall be effective upon receipt by the Agent, shall specify the identity of the RC Borrower, the amount of the borrowing, the Type of RC Loan (Euribor Rate if such RC Loan is requested in Euros, or Offshore Rate if such RC Loan is requested in an Alternative Currency), the date of borrowing (which shall be a Business Day), the Interest Period to be used in the computation of interest, and if an Offshore Rate Loan, the applicable Alternative Currency. The Authorized Representative of the applicable RC Borrower shall provide the Agent written confirmation of each such telephonic notice in the form of a Borrowing Notice or Interest Rate Selection Notice (as applicable) with appropriate insertions, but failure to provide such confirmation shall not affect the validity of such telephonic notice. Notice of receipt of such Borrowing Notice or Interest Rate Selection Notice, as the case may be, together with a specification of the amount of each RC Lender's portion of an RC Loan requested thereunder, shall be provided by the Agent to each RC Lender by telefacsimile transmission with reasonable promptness, but (provided the Agent shall have received such notice by 1:00 P.M.) not later than 2:00 P.M. on the same day as the Agent's receipt of such notice. At approximately 4:00 P.M. two (2) Business Days preceding the date specified for an RC Loan of an Alternative Currency, the Agent shall determine the Borrowing Date Exchange Rate and the applicable interest rate. Not later than 5:00 P.M. two (2) Business Days preceding the date specified for each RC Loan of an Alternative Currency, the Agent shall provide the applicable RC Borrower and each RC Lender ...
RC Loans. Upon the terms and subject to the conditions of this Agreement (including all conditions precedent in Section 3.1 (Conditions to Initial Loans)), each Lender agrees to make, from time to time during the period from and including the Closing Date to but excluding the Maturity Date, one or more revolving credit loans ("RC Loans") to the Borrower in an aggregate unpaid principal amount not exceeding at any time such Xxxxxx's RC Commitment (if any) as set forth on Schedule 1.1 at such time; provided, however, that the Borrower shall not request, and the Lenders shall have no obligation to make, any RC Loans at any time in excess of the Available RC Commitment. The total amount of the RC Commitment of all Lenders on the Closing Date is $50,000,000.00. Up to $10,000,000.00 of the Available RC Commitment (the "Letter of Credit Sublimit") may be used for the issuance of stand-by Letters of Credit upon the terms and conditions set forth herein. The RC Loans shall be borrowed, accrue interest and be repaid as set forth below. The RC Loans shall be evidenced by the RC Notes.
