Repayment of Outstanding Loans; Borrowing of New Loans. On the Revolving Credit Commitment Increase Date, the Borrower shall repay all Loans outstanding on the Revolving Credit Commitment Increase Date, subject to the Borrower’s indemnity obligations under Section 4.6.2 [Indemnity] provided that it may borrow new Loans with a Borrowing Date on the Revolving Credit Commitment Increase Date. Each of the Lenders shall participate in any new Loans made on or after the Revolving Credit Commitment Increase Date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.12.
Appears in 3 contracts
Samples: Revolving Credit Facility (Hovnanian Enterprises Inc), Revolving Credit Facility (Hovnanian Enterprises Inc), Revolving Credit Facility (Hovnanian Enterprises Inc)
Repayment of Outstanding Loans; Borrowing of New Loans. On the effective date of any increase in Revolving Credit Commitment Increase DateCommitments as provided in the preceding clause (i), the Borrower shall repay all Loans outstanding on the Revolving Credit Commitment Increase Datethen outstanding, subject to the Borrower’s indemnity obligations under Section 4.6.2 4.9 [Indemnity] ]; provided that it may borrow new Loans with a Borrowing Date on the Revolving Credit Commitment Increase Datesuch date. Each of the Lenders shall participate in any new Loans made on or after the Revolving Credit Commitment Increase Date such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.122.5 [Increase in Revolving Credit Commitments].
Appears in 3 contracts
Samples: Revolving Credit Facility (Erie Indemnity Co), Credit Agreement (Erie Indemnity Co), Revolving Credit Agreement (Erie Indemnity Co)
Repayment of Outstanding Loans; Borrowing of New Loans. On the effective date of such increase of Revolving Credit Commitment Increase DateCommitments, the Borrower Borrowers shall repay all Loans outstanding on the Revolving Credit Commitment Increase DateLoans then outstanding, subject to the Borrower’s Borrowers’ indemnity obligations under Section 4.6.2 6.10 [Indemnity] ]; provided that it they may borrow new Revolving Credit Loans with a Borrowing Date on the Revolving Credit Commitment Increase Datesuch date. Each of the Lenders shall participate in any new Revolving Credit Loans made on or after the Revolving Credit Commitment Increase Date such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.122.9 [Increase in Revolving Credit Commitments].
Appears in 3 contracts
Samples: Credit Agreement (Mastech Digital, Inc.), Credit Agreement (Mastech Digital, Inc.), Credit Agreement (Mastech Digital, Inc.)
Repayment of Outstanding Loans; Borrowing of New Loans. On the Revolving Credit Commitment Increase Date, the Borrower shall repay all Loans outstanding on the Revolving Credit Commitment Increase Date, subject to the Borrower’s indemnity obligations under Section 4.6.2 5.5.2 [Indemnity] provided that it may borrow new Loans with a Borrowing Date on the Revolving Credit Commitment Increase Date. Each of the Lenders shall participate in any new Loans made on or after the Revolving Credit Commitment Increase Date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.122.10.
Appears in 2 contracts
Samples: Credit Agreement (Rhino Resource Partners LP), Senior Secured Revolving Credit Facility (Rhino Resource Partners, L.P.)
Repayment of Outstanding Loans; Borrowing of New Loans. On the effective date of such increase of Revolving Credit Commitment Increase DateCommitments, the Borrower Borrowers shall repay all Loans outstanding on the Revolving Credit Commitment Increase DateLoans then outstanding, subject to the Borrower’s Borrowers’ indemnity obligations under Section 4.6.2 5.10 [Indemnity] ]; provided that it they may borrow new Revolving Credit Loans with a Borrowing Date on the Revolving Credit Commitment Increase Datesuch date. Each of the Lenders shall participate in any new Revolving Credit Loans made on or after the Revolving Credit Commitment Increase Date such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.122.10 [Increase in Revolving Credit Commitments].
Appears in 2 contracts
Samples: Credit Agreement (CALGON CARBON Corp), Credit Agreement (Calgon Carbon Corporation)
Repayment of Outstanding Loans; Borrowing of New Loans. On the effective date of such increase to the Revolving Credit Commitment Increase DateCommitments, the Borrower shall repay all Loans outstanding on the Revolving Credit Commitment Increase DateLoans then outstanding, subject to the Borrower’s indemnity obligations under Section 4.6.2 5.10 [Indemnity] ]; provided that it may borrow new Revolving Credit Loans with a Borrowing Date borrowing on the Revolving Credit Commitment Increase Datesuch date. Each of the Lenders shall participate in any new Revolving Credit Loans made on or after the Revolving Credit Commitment Increase Date such date in accordance with their respective Ratable Shares after giving effect to the any increase in Revolving Credit Commitments contemplated by this Section 2.122.4.2 [Increase in Revolving Credit Commitments].
Appears in 2 contracts
Samples: Credit Agreement and Security Agreement (Paylocity Holding Corp), Credit Agreement (Paylocity Holding Corp)
Repayment of Outstanding Loans; Borrowing of New Loans. On the effective date of such increase of Revolving Credit Commitment Increase DateCommitments under Section 2.11.1 [Increasing Banks and New Banks], the Borrower Borrowers shall repay all Loans outstanding on the Revolving Credit Commitment Increase DateLoans then outstanding, subject to the Borrower’s Borrowers' indemnity obligations under Section 4.6.2 5.10 [Indemnity] ]; provided that it may borrow new Revolving Credit Loans with a Borrowing Date on the Revolving Credit Commitment Increase Datesuch date. Each of the Lenders Banks shall participate in any new Revolving Credit Loans made on or after the Revolving Credit Commitment Increase Date such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.122.11 [Increase in Commitments].
Appears in 1 contract
Samples: Credit Agreement (Big Lots Inc)
Repayment of Outstanding Loans; Borrowing of New Loans. On the Increase Effective Date of any Revolving Credit Commitment Increase DateIncrease, the Borrower shall repay all Loans outstanding on the Revolving Credit Commitment Increase DateLoans then outstanding, subject to the Borrower’s indemnity obligations under Section 4.6.2 5.10 [Indemnity] ]; provided that it may borrow new Revolving Credit Loans with a Borrowing Date on the Revolving Credit Commitment Increase Datesuch date. Each of the Lenders shall participate in any new Revolving Credit Loans made on or after the Revolving Credit Commitment Increase Date such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.12.
Appears in 1 contract
Repayment of Outstanding Loans; Borrowing of New Loans. On the effective date of such increase of Revolving Credit Commitment Increase DateCommitments, the Borrower Borrowers shall repay all Loans outstanding on the Revolving Credit Commitment Increase DateLoans then outstanding, subject to the Borrower’s Borrowers’ indemnity obligations under Section 4.6.2 4.10 [Indemnity] ]; provided that it they may borrow new Revolving Credit Loans with a Borrowing Date on the Revolving Credit Commitment Increase Datesuch date. Each of the Lenders shall participate in any new Revolving Credit Loans made on or after the Revolving Credit Commitment Increase Date such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.122.9 [Increase in Revolving Credit Commitments].
Appears in 1 contract
