Revolver Advances. Each Revolver Lender severally agrees, on the terms and conditions set forth herein, to make Revolver Advances in Dollars to the Borrower from time to time before the Termination Date; provided that, immediately after each such Revolver Advance is made, such Lender’s Revolving Credit Exposure shall not exceed the amount of the Revolver Commitment of such Revolver Lender at such time, provided further that the aggregate principal amount of all Advances shall not exceed the: lesser of: (1) the Borrowing Base; and (2) the aggregate amount of the Commitments of all of the Lenders at such time. Each Revolver Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $1,000,000 or any larger multiple of $100,000 (except that any such Revolver Borrowing may be in the aggregate amount of the Total Unused Revolver Commitments) and shall be made, subject to Section 2.12(f), from the several Revolver Lenders ratably in proportion to their respective Revolver Commitments. Within the foregoing limits, the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.10, prepay Revolver Advances and reborrow under this Section 2.01 at any time before the Termination Date; provided, however, in accordance with Section 2.09 and subject to Section 2.11(f), any Revolver Advances outstanding on the Termination Date shall not be due and payable until the Maturity Date.
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Samples: Credit Agreement (Triangle Capital CORP), Credit Agreement (Triangle Capital CORP)
Revolver Advances. Each Revolver Lender severally agrees, on the terms and conditions set forth herein, to make Revolver Advances in Dollars to the Borrower from time to time before the Termination Date; provided provided, that, immediately after each such Revolver Advance is made, the aggregate outstanding principal amount of Revolver Advances by such Lender together with such Lender’s Revolving Applicable Percentage of the aggregate outstanding principal amount of all Swing Advances and Letter of Credit Exposure Obligations shall not exceed the amount of the Revolver Commitment of such Revolver Lender at such time, ; provided further that the aggregate principal amount of all Revolver Advances, together with the aggregate principal amount of all Letter of Credit Obligations and Swing Advances shall not exceed the: the lesser of:
: (1) the Borrowing Base; and (2) the aggregate amount of the Revolver Commitments of all of the Lenders at such time. Each Except as otherwise provided in an Asset Based Lending Credit Line Sweep Services Agreement, each Revolver Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $1,000,000 500,000 or any larger multiple of $100,000 (except that any such Revolver Borrowing may be in the aggregate amount of the Total Unused Revolver Commitments) and shall be made, subject to Section 2.12(f), made from the several Revolver Lenders ratably in proportion to their respective Revolver Commitments. Within the foregoing limits, the Borrower may borrow under this SectionSection 2.01(a), repay or, to the extent permitted by Section 2.10, prepay Revolver Advances and reborrow under this Section 2.01 2.01(a) at any time before the Termination Date; provided, however, in accordance with Section 2.09 and subject to Section 2.11(f), any Revolver Advances outstanding on the Termination Date shall not be due and payable until the Maturity Date.
Appears in 1 contract
Samples: Credit Agreement (Trex Co Inc)
Revolver Advances. Each Revolver Lender severally agrees, on the terms and conditions set forth herein, to make Revolver Advances in Dollars to the Borrower from time to time before the Termination Date; provided that, immediately after each such Revolver Advance is made, such Lender’s 's Revolving Credit Exposure shall not exceed the amount of the Revolver Commitment of such Revolver Lender at such time, provided further that the aggregate principal amount of all Advances shall not exceed the: lesser of:
(1) the Borrowing Base; and (2) the aggregate amount of the Commitments of all of the Lenders at such time. Each Revolver Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $1,000,000 or any larger multiple of $100,000 (except that any such Revolver Borrowing may be in the aggregate amount of the Total Unused Revolver Commitments) and shall be made, subject to Section 2.12(f), from the several Revolver Lenders ratably in proportion to their respective Revolver Commitments. Within the foregoing limits, the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.10, prepay Revolver Advances and reborrow under this Section 2.01 at any time before the Termination Date; provided, however, in accordance with Section 2.09 and subject to Section 2.11(f)2.09, any Revolver Advances outstanding on the Termination Date shall not be due and payable until the Maturity Date.
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Revolver Advances. Each Revolver Lender severally agrees, on the terms and conditions set forth herein, to make Revolver Advances in Dollars to the Borrower from time to time before the Termination Date; provided that, immediately after each such Revolver Advance is made, the aggregate outstanding principal amount of Revolver Advances by such Lender together with such Lender’s Revolving Credit Exposure Applicable Percentage of the aggregate outstanding principal amount of all Swingline Advances shall not exceed the amount of the Revolver Commitment of such Revolver Lender at such time, provided further that the aggregate principal amount of all Revolver Advances shall not exceed the: lesser of:
: (1) the Borrowing Base; and (2) the aggregate amount of the Revolver Commitments of all of the Lenders at such time. Each Revolver Borrowing under this Section 2.01(a) 2.01 shall be in an aggregate principal amount of $1,000,000 or any larger multiple of $100,000 (except that any such Revolver Borrowing may be in the aggregate amount of the Total Unused Revolver Commitments) and shall be made, subject to Section 2.12(f), made from the several Revolver Lenders ratably in proportion to their respective Revolver Commitments. Within the foregoing limits, the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.10, prepay Revolver Advances and reborrow under this Section 2.01 at any time before the Termination Date; provided, however, in accordance with Section 2.09 and subject to Section 2.11(f), any Revolver Advances outstanding on the Termination Date shall not be due and payable until the Maturity Date.
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Revolver Advances. Each Revolver Lender severally agrees, on the terms and conditions set forth herein, to make Revolver Advances in Dollars to the Borrower from time to time before the Termination Date; provided that, immediately after each such Revolver Advance is made, the aggregate outstanding principal amount of Revolver Advances by such Lender together with such Lender’s Revolving Credit Exposure Applicable Percentage of the aggregate outstanding principal amount of all Swing Advances shall not exceed the amount of the Revolver Commitment of such Revolver Lender at such time, provided further that the aggregate principal amount of all Revolver Advances shall not exceed the: lesser of:
: (1) the Borrowing Base; and (2) the aggregate amount of the Revolver Commitments of all of the Lenders at such time. Each Revolver Borrowing under this Section 2.01(a) 2.01 shall be in an aggregate principal amount of $1,000,000 or any larger multiple of $100,000 (except that any such Revolver Borrowing may be in the aggregate amount of the Total Unused Revolver Commitments) and shall be made, subject to Section 2.12(f), made from the several Revolver Lenders ratably in proportion to their respective Revolver Commitments. Within the foregoing limits, the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.10, prepay Revolver Advances and reborrow under this Section 2.01 at any time before the Termination Date; provided, however, in accordance with Section 2.09 and subject to Section 2.11(f)2.09, any Revolver Advances outstanding on the Termination Date shall not be due and payable until the Maturity Date.
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Revolver Advances. Each Revolver Lender severally agrees, on a Revolver Pro Rata basis up to its Revolver Commitment and on the terms and conditions set forth herein, to make Revolver Advances in Dollars to the Borrower Borrowers from time to time before the Termination Date; provided that, immediately after each such Revolver Advance is made, such Lender’s (a) the Revolving Credit Exposure of such Lender shall not exceed the amount of the Revolver Commitment of such Revolver Lender at such time, provided further that and the aggregate principal amount Revolving Credit Exposures of all Advances Lenders shall not exceed the: lesser of:
(1) the Borrowing Base; and (2) the aggregate amount of the Commitments of all of the Lenders Maximum Revolver Limit at such time. Each Revolver Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $1,000,000 500,000 or any larger multiple of $100,000 (except that any such Revolver Borrowing may be in the aggregate amount of the Total Unused Revolver Commitments) and shall be made, subject to Section 2.12(f), made from the several Lenders on a Revolver Lenders ratably in proportion to their respective Revolver CommitmentsPro Rata basis. Within the foregoing limits, the Borrower Borrowers may borrow under this Section, repay or, to the extent permitted by Section 2.10, or prepay Revolver Advances and reborrow under this Section 2.01 2.01(a) at any time before the Termination Date; provided. All Existing Revolver Advances shall be deemed to have been issued pursuant to this Section 2.01(a), however, in accordance with Section 2.09 and from and after the Restatement Date shall be subject to Section 2.11(f), any Revolver Advances outstanding on and governed by the Termination Date shall not be due terms and payable until the Maturity Dateconditions hereof.
Appears in 1 contract
Revolver Advances. Each Revolver Lender severally agrees, on the terms and conditions set forth herein, to make Revolver Advances in Dollars to the Borrower from time to time before the Termination Date; provided provided, that, immediately after each such Revolver Advance is made, the aggregate outstanding principal amount of Revolver Advances by such Lender together with such Lender’s Revolving Applicable Percentage of the aggregate outstanding principal amount of all Swing Advances and Letter of Credit Exposure Obligations shall not exceed the amount of the Revolver Commitment of such Revolver Lender at such time, ; provided further that the aggregate principal amount of all Revolver Advances, together with the aggregate principal amount of all Letter of Credit Obligations and Swing Advances shall not exceed the: lesser of:
(1) the Borrowing Base; and (2) the aggregate amount of the Revolver Commitments of all of the Lenders at such time. Each Revolver Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $1,000,000 500,000 or any larger multiple of $100,000 (except that any such Revolver Borrowing may be in the aggregate amount of the Total Unused Revolver Commitments) and shall be made, subject to Section 2.12(f), made from the several Revolver Lenders ratably in proportion to their respective Revolver Commitments. Within the foregoing limits, the Borrower may borrow under this SectionSection 2.01(a), repay or, to the extent permitted by Section 2.10, prepay Revolver Advances and reborrow under this Section 2.01 2.01(a) at any time before the Termination Date; provided, however, in accordance with Section 2.09 and subject to Section 2.11(f), any Revolver Advances outstanding on the Termination Date shall not be due and payable until the Maturity Date.
Appears in 1 contract
Samples: Credit Agreement (Trex Co Inc)
Revolver Advances. Each Revolver Lender severally agrees, on the terms and conditions set forth herein, to make Revolver Advances in Dollars to the Borrower from time to time before the Termination Date; provided provided, that, immediately after each such Revolver Advance is made, the aggregate outstanding principal amount of Revolver Advances by such Lender together with such Lender’s Revolving Applicable Percentage of the aggregate outstanding principal amount of all Swing Advances and Letter of Credit Exposure Obligations shall not exceed the amount of the Revolver Commitment of such Revolver Lender at such time, ; provided further that the aggregate principal amount of all Revolver Advances, together with the aggregate principal amount of all Letter of Credit Obligations and Swing Advances shall not exceed the: lesser of:
the remainder of (1) the lesser of the Borrowing Base; Base and (2) the aggregate amount of the Revolver Commitments of all of the Lenders at such time, minus (2) Reserves (without duplication of Reserves deducted in the calculation of the Borrowing Base). Each Except as otherwise provided in the Asset Based Lending Credit Line Sweep Services Agreement, each Revolver Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of $1,000,000 500,000 or any larger multiple of $100,000 (except that any such Revolver Borrowing may be in the aggregate amount of the Total Unused Revolver Commitments) and shall be made, subject to Section 2.12(f), made from the several Revolver Lenders ratably in proportion to their respective Revolver Commitments. Within the foregoing limits, the Borrower may borrow under this SectionSection 2.01(a), repay or, to the extent permitted by Section 2.10, prepay Revolver Advances and reborrow under this Section 2.01 2.01(a) at any time before the Termination Date; provided, however, in accordance with Section 2.09 and subject to Section 2.11(f), any Revolver Advances outstanding on the Termination Date shall not be due and payable until the Maturity Date.
Appears in 1 contract
Samples: Credit Agreement (Trex Co Inc)