Refinancing Revolving Commitments Sample Clauses

Refinancing Revolving Commitments. (a) Subject to the terms and conditions set forth herein and in the Credit Agreement (as amended hereby), each Refinancing Revolving Lender severally agrees to provide Refinancing Revolving Commitments to the Borrower on the Ninth Amendment Effective Date in an aggregate amount equal to the amount set forth opposite such Refinancing Revolving Lender’s name on Schedule I hereto. (b) The Revolving Commitments existing immediately prior to the effectiveness hereof (the “Existing Revolving Commitments”) shall be terminated upon the effectiveness of this Amendment, and shall be replaced by the Refinancing Revolving Commitments. Any accrued commitment fees under Section 2.9 of the Credit Agreement and any accrued Letter of Credit fees under the first sentence of Section 3.3(a) of the Credit Agreement shall be paid in full in cash on the Ninth Amendment Effective Date, it being understood and agreed that such fees pursuant to such Sections shall accrue for the account of the Refinancing Revolving Lenders from the Ninth Amendment Effective Date. Any Revolving Loans existing immediately prior to the effectiveness hereof (the “Existing Revolving Loans”) shall be repaid in full in cash on the Ninth Amendment Effective Date, together with all accrued and unpaid interest on, and all other amounts owing in respect of, such Existing Revolving Loans; provided that the Borrower shall not be required to pay, and each Refinancing Revolving Lender hereby waives payment of, any loss or expense sustained or incurred as a consequence the prepayment of Eurocurrency Loans on a day that is not the last day of an Interest Period with respect thereto. (c) Unless the context shall otherwise require, the Refinancing Revolving Lenders shall constitute “Revolving Lenders” and “Lenders”, the Refinancing Revolving Commitments shall constitute “Revolving Commitments” and “Commitments” and revolving loans made pursuant to the Refinancing Revolving Commitments shall constitute “Revolving Loans” and “Loans”, in each case for all purposes of the Credit Agreement (as amended hereby) and the other Loan Documents. After giving effect to the transactions contemplated by this Section 1, each Revolving Lender under the Credit Agreement (as amended hereby) shall have a Revolving Commitment equal to the amount set forth opposite such Revolving Lender’s name on Schedule I hereto. (d) Each Issuing Lender and each Refinancing Revolving Lender hereby agrees that, notwithstanding the termination of the Exis...
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Refinancing Revolving Commitments. Subject to the terms and conditions set forth herein and in the Credit Agreement (as amended hereby), each Refinancing Revolving Lender severally agrees to provide Refinancing Revolving Commitments to the Borrower in an aggregate amount equal to the amount set forth opposite such Refinancing Revolving Lender’s name on Schedule I hereto.
Refinancing Revolving Commitments. (a) Subject to the terms and conditions set forth herein and in the Amended Credit Agreement, each Person that has executed and delivered a signature page to this Amendment as a “Refinancing Revolving Lender” (each, a “Refinancing Revolving Lender”) hereby agrees, severally and not jointly, to provide to the Borrower on the Amendment No. 2 Effective Date (as defined herein) a commitment under the Refinancing Revolving Facility in the amount set forth opposite such Person’s name on Schedule A-1 hereto (each, a “Refinancing Revolving Commitment”). (b) By delivering a signature page to this Amendment, each Refinancing Revolving Lender shall be deemed to have agreed and consented to the amendment of the Existing Credit Agreement as contemplated hereby and to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be delivered to, or be approved by or satisfactory to, the Administrative Agent or any Lenders on the Amendment No. 2
Refinancing Revolving Commitments. (a) Each Refinancing Revolving Lender hereby agrees, severally and not jointly, to provide the Refinancing Revolving Commitments to the Revolving Borrowers on the Amendment No. 4 Effective Date in an aggregate amount equal to the amount set forth opposite such Refinancing Revolving Lender’s name on Schedule I attached hereto, on the terms set forth herein and in the Amended Credit Agreement, and subject to the conditions set forth in Section 6 below. (b) The Refinancing Revolving Commitments shall be “Other Revolving Commitments” (and any Revolving Loans made thereunder shall be “Other Revolving Loans”) as contemplated by Section 2.20 of the Credit Agreement.
Refinancing Revolving Commitments. (a) Effective as of the Fifth Amendment Effective Date, immediately after giving effect to the Revolving Commitment Extension, on the terms and subject to the conditions set forth herein and in the Amended Credit Agreement, (i) each Refinancing Revolving Lender severally agrees to provide Refinancing Revolving Commitments to the Borrower on and following the Fifth Amendment Effective Date in the amount set forth opposite such Refinancing Revolving Lender’s name on Schedule II hereto and (ii) each Issuing Bank listed on Schedule III hereto severally agrees to provide L/C Commitments to the Borrower on and following the Fifth Amendment Effective Date in the amount set forth opposite such Issuing Bank’s name on Schedule III hereto (it being understood and agreed that such L/C Commitments shall supersede and replace in full all L/C Commitments in effect under the Existing Credit Agreement immediately prior to giving effect to this Agreement). (b) On the Fifth Amendment Effective Date, immediately after giving effect to the Revolving Commitment Extension, (i) all 2021 Extended Revolving Commitments shall automatically terminate in full (it being understood and agreed by the parties hereto that the requirement pursuant to Section 2.06(1) of the Existing Credit Agreement that the Borrower deliver written notice to the Administrative Agent not less than three (3) Business Days

Related to Refinancing Revolving Commitments

  • Revolving Credit Commitments (a) Subject to the terms and conditions hereof, the Revolving Credit Lenders severally agree to make Standby Loans to the Borrowers from time to time during the Revolving Credit Commitment Period, in Dollars or one or more Alternative Currencies (as specified in the Borrowing Requests with respect thereto), in an aggregate principal amount at any one time outstanding for each Revolving Credit Lender which will not result in such Revolving Credit Lender’s Committed Credit Exposure, when added to such Lender’s Revolving Credit Percentage of the L/C Obligations then outstanding, exceeding the amount of such Revolving Credit Lender’s Revolving Credit Commitment, subject, however, to the conditions that (i) at no time shall (A) the sum of (I) the aggregate Committed Credit Exposure of all the Revolving Credit Lenders, plus (II) the outstanding aggregate principal amount or Assigned Dollar Value of all Competitive Loans made by all Revolving Credit Lenders, plus (III) the L/C Obligations of all Revolving Credit Lenders exceed (B) the Total Revolving Credit Commitments and (ii) at all times the outstanding aggregate principal amount of all Standby Loans made by each Lender shall equal such Lender’s Revolving Credit Percentage of the outstanding aggregate principal amount of all Standby Loans made pursuant to Section 2.07. During the Revolving Credit Commitment Period any Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Standby Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Standby Loans may from time to time be Eurocurrency Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Section 2.05 and Section 2.13. Notwithstanding any provision to the contrary herein, the sum of (x) the aggregate Revolving Credit Loans made to Approved Borrowers that are Foreign Subsidiaries and (y) the aggregate L/C Obligations of all Revolving Credit Lenders in respect of Letters of Credit issued for the account of Approved Borrowers that are Foreign Subsidiaries shall not exceed $25,000,000 in the aggregate at any time outstanding. (b) The Borrowers shall repay all outstanding Revolving Credit Loans on the Revolving Credit Termination Date.

  • Revolving Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time on any Business Day during the Commitment Period, at such times as the Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding, does not exceed the amount of such Lender’s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans would exceed the aggregate Loan Value of the Pledged Eligible Assets (including the Pledged Eligible Assets referred to in Section 2.2(a)(ii) with respect to such Revolving Loan) and (iii) no Borrowing Base B Loans shall be made to the extent that the aggregate amount of all Borrowing Base B Loans would exceed the Borrowing Base B Limit; provided further that Borrowing Base B Loans may not be borrowed on any date in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, the Borrower may borrow, prepay the Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof. (b) The Borrower shall repay all outstanding Revolving Loans on the Termination Date. (c) The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

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