Revolver Facility. Each Revolver Lender, severally and not jointly, agrees to lend to Borrower, from time to time during the period commencing on the date all conditions precedent set forth in Subsections 7.1 and 7.2 are satisfied or waived as provided herein and ending on the Business Day immediately preceding the Revolver Expiration Date, its Pro Rata Share of each Revolver Loan (other than any Swingline Loan); provided that, no Revolver Lender shall be required at any time to lend more than its respective Pro Rata Share of the Revolver Loan Commitment; and provided further that, at any one time the aggregate principal amount of the Revolving Credit Obligations outstanding may not exceed the Revolver Loan Commitment. Within the limits of and subject to the Available Revolver Loan Commitment, this Subsection 1.1 and Subsections 1.6, 1.7 and 1.8, amounts borrowed under this Subsection 1.1(A) may be repaid or prepaid and, at any time up to and including the Business Day immediately preceding the Revolver Expiration Date, reborrowed.
Revolver Facility. (a) As of the Effective Date (i) all Borrowings (as defined in the Existing Credit Agreement) under the Revolver Facility have been prepaid in full and (ii) the Total Commitment under the Revolver Facility has been permanently reduced, ratably among the Revolver Lenders, to $30,000,000, with the effect that the Revolver Commitment of each Lender on and after the Effective Date is in an amount equal to 10% of its Revolver Commitment immediately prior to the Effective Date. After giving effect to the foregoing, the respective Committed Sums of the Lenders are as stated next to their respective names on Schedule 2.1.
(b) Each Revolver Lender severally, but not jointly, agrees to lend to Borrower such Revolver Lender's Commitment Percentage of one or more Borrowings under the Revolver Facility not to exceed such Revolver Lender's Committed Sum under the Revolver Facility, which Borrowings may be repaid and reborrowed from time to time in accordance with the terms and provisions of the Loan Documents; provided that, (a) each such Borrowing must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date for the Revolver Facility; (b) each such Borrowing shall be in an amount not less than $3,000,000 or a greater integral multiple of $100,000; and (c) on any date of determination, the Revolver Commitment Usage shall never exceed the Revolver Commitment.
Revolver Facility. Subject to and in reliance upon the terms, conditions, representations, and warranties in the Loan Papers, each Revolver Lender severally and not jointly agrees to lend to Borrower such Revolver Lender's Pro Rata Part of one or more Borrowings under the Revolver Facility not to exceed such Revolver Lender's Committed Sum under the Revolver Facility, which, may be repaid and reborrowed from time to time in accordance with the terms and provisions of the Loan Papers; PROVIDED THAT, (a) each such Borrowing must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date for the Revolver Facility; (b) each such Borrowing shall be in an amount not less than (A) $5,000,000 or a greater integral multiple of $1,000,000 (if a Base Rate Borrowing or Eurodollar Rate Borrowing) or (B) $250,000 or a greater integral multiple thereof (if a Swing Line Borrowing); and (c) on any date of determination, the Revolver Commitment Usage shall never exceed the Revolver Commitment.
Revolver Facility. (1) During the period from the date hereof to, but not including, the Termination Date, Borrower may borrow, repay and reborrow Revolver Loans in respect of each Eligible Supply Contract in up to a maximum principal amount at any time outstanding under the Revolver Facility equal to the Borrowing Base determined by Lender for such Eligible Supply Contract at such time; provided, however, that in the event that any Overadvance shall ever exist, Borrower shall repay such Overadvance, in full, immediately; and, provided, further, that if any Eligible Supply Contract shall cease to be an Eligible Supply Contract, then, Lender may, at its option, (i) refuse to make any further Revolver Loans in respect thereof and (ii) demand full payment of all Revolver Loans then outstanding in respect thereof. Each Revolver Loan shall be made (or deemed made), in the following manner:
(a) Borrower shall give Lender written or oral notice of its intention to borrow (which notice shall be irrevocable) before 11:30 a.m. (Atlanta, Georgia time), on any Business Day specifying the Eligible Supply Contract in respect of which such Loan is being requested, the amount of the proposed borrowing, the proposed borrowing date and whether such Loan is to be a Base Rate Loan or a LIBOR Rate Loan; (b) unless payment is otherwise timely made by Borrower, the becoming due of any Obligation required to be paid under this Agreement or any Loan Document shall be deemed irrevocably to be a request by Borrower for a Revolver Loan on the due date of, and in the amount required to pay, such Obligations; and (c) the presentation by Borrower for payment by Tennessee Bank of any check or other item of payment drawn on the Controlled Disbursement Account shall be deemed irrevocably to be a request for a Revolver Loan in the amount of such check or other item of payment; it being understood that, in the case of clauses (b) and (c) above, Lender shall have the right to allocate the Revolver Loans arising therefrom to any one or more or all of the Eligible Supply Contracts, at Lender's discretion (even if, in doing so, an Overadvance is created). The proceeds of each Revolver Loan requested by oral or written notice of intention to borrow given as described above are to be disbursed by Lender in lawful money of the United States of America in immediately available funds, in the case of the initial borrowing, in accordance with the terms of the written disbursement letter or other instructions from Borrowe...
Revolver Facility. 28 2.2 Term Loan Facilities..........................................................................29 2.3 LC Subfacility................................................................................29 2.4 Discretionary Facility........................................................................33 2.5 Terminations or Reductions of Commitments.....................................................37
Revolver Facility. 31 2.2 Term Loan A Facility...........................................31 2.3 Term Loan B Facility...........................................32 2.4 Term Loan C Facility...........................................32 2.5 LC Subfacility.................................................32 2.6 Swing Line Subfacility.........................................35 2.7 Terminations or Reductions of Commitments......................37 2.8
Revolver Facility. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Loan Parties contained herein and in the other Loan Documents:
Revolver Facility. 1. Status Information for the Revolver Facility
(a) Amount of Revolver Facility: $265,000,000
(b) Loans outstanding prior to the Borrowing requested herein: $
(c) Letters of Credit outstanding prior to the Borrowing requested herein: $
(d) Principal amount of Loans available to be borrowed (1(a) minus the sum of 1(b) and 1(c)): $
2. Amount of Borrowing: $
3. Requested date of Borrowing: , 200 .
4. Requested Type of Loan and applicable Dollar amount:
(a) Base Rate Loan for $
(b) Eurodollar Rate Loan with Interest Period of:
(i) one month for $
(ii) two months for $
(iii) three months for $
(iv) six months for $
Revolver Facility. Each Lender severally, but not jointly, agrees to lend to Borrowers (on a joint and several liability basis) in Dollars such Lender's Commitment Percentage of one or more Borrowings under the Revolver Facility not to exceed such Lender's Committed Sum, which Borrowings may be repaid and reborrowed from time to time in accordance with the terms and provisions of the Loan Documents; provided that, (a) each such Borrowing must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date; (b) each such Borrowing shall be in an amount not less than $5,000,000 or a greater integral multiple of $1,000,000 if a Eurodollar Rate Borrowing, $1,000,000 or a greater integral multiple of $100,000 if a Base Rate Borrowing or $100,000 if a Swing Line Borrowing; and (c) on any date of determination, the Revolver Commitment Usage shall never exceed the Revolver Commitment.
Revolver Facility. Each Revolver Lender severally, but not jointly, agrees to lend to Borrower such Revolver Lender's Commitment Percentage of one or more Borrowings under the Revolver Facility not to exceed such Revolver Lender's Committed Sum under the Revolver Facility, which Borrowings may be repaid and reborrowed from time to time in accordance with the terms and provisions of the Loan Documents; provided that, (a) each such Borrowing must occur on a Business Day and no later than the Business Day immediately preceding the Termination Date for the Revolver Facility; (b) each such Borrowing shall be in an amount not less than $5,000,000 or a greater integral multiple of $1,000,000 if a Eurodollar Rate Borrowing, or $1,000,000 or a greater integral multiple of $100,000 if a Base Rate Borrowing or Swing Line Borrowing, and (c) on any date of determination, the Revolver Commitment Usage shall never exceed the Revolver Commitment.
