Common use of Revolver Facility Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Dobson Sygnet Communications Co), Credit Agreement (Dobson Communications Corp)

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Revolver Facility. Subject to and in reliance upon the terms, ----------------- conditions, representations, and warranties in the Loan PapersDocuments, each Revolver Lender severally and severally, but not jointly jointly, agrees to lend to Borrower such Revolver Lender's Pro Rata Part Commitment Percentage of one or more Borrowings under the Revolver Facility in amounts not to exceed such Revolver Lender's Committed Sum under the Revolver FacilityFacility (and, whichin the case of each such Borrowing, subject to the Borrowing Base on the proposed Borrowing Date), which Borrowings may be repaid and reborrowed from time to time in accordance with the terms and provisions of the Loan PapersDocuments; PROVIDED THATprovided that, (a) each such Borrowing must occur on a Business Day and no later than the Business Day immediately preceding the Revolver Termination Date for the Revolver FacilityDate; (b) each such Borrowing shall be in an amount not less than (A) $5,000,000 1,500,000 or a greater integral multiple of $1,000,000 (500,000 if a Eurodollar Rate Borrowing, $500,000 or a greater integral multiple of $100,000 if a Base Rate Borrowing Borrowing, or Eurodollar Rate Borrowing) or (B) $250,000 or a greater integral multiple thereof (of $50,000 if a Swing Line Borrowing); and (c) on any date of determination, the Revolver Commitment Usage Facility shall never exceed the lesser of: (x) the Revolver Commitment, and (y) the Borrowing Base.

Appears in 1 contract

Samples: Security Agreement (Azz Inc)

Revolver Facility. Subject to and in reliance upon the terms, conditions, representations, and warranties in the Loan Papers, each Each Revolver Lender severally and severally, but not jointly jointly, agrees to lend to Borrower such Revolver Lender's Pro Rata Part 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, which Borrowings may be repaid and reborrowed from time to time in accordance with the terms and provisions of the Loan PapersDocuments; PROVIDED THATprovided that, (a) each such Borrowing must occur on a Business Day on and after the Initial Borrowing Date 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 2,000,000 or a greater integral multiple of $1,000,000 (if a Eurodollar Rate Borrowing, or $500,000 or a greater integral multiple of $100,000 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.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Coorstek Inc)

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Revolver Facility. Subject to and in reliance upon the terms, conditions, representations, and warranties in the Loan Papers, each Each Revolver Lender severally and severally, but not jointly jointly, agrees to lend to Borrower such Revolver Lender's Pro Rata Part 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, which Borrowings may be repaid and reborrowed from time to time in accordance with the terms and provisions of the Loan PapersDocuments; 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 7,000,000 or a greater integral multiple of $1,000,000 (if a Base Rate Borrowing or Eurodollar Rate Borrowing) or (B) , $250,000 3,000,000 or a greater integral multiple thereof (of $100,000 if a Base Rate Borrowing, or $1,000,000 or a greater integral multiple of $100,000 if a Swing Line Borrowing); and (c) on any date of determination, the Revolver Commitment Usage shall never exceed the Revolver Commitment.

Appears in 1 contract

Samples: Dobson Communications Corp

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