Common use of Revolver Facility Clause in Contracts

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 (i) $1,000,000 or a greater integral multiple of $100,000 if a Eurodollar Rate Borrowing, or (ii) $500,000 or a greater integral multiple of $100,000 if a Base Rate Borrowing; (c) on any date of determination, after giving effect to the requested Borrowing, the Revolver Commitment Usage shall never exceed the Revolver Commitment; and (d) on any date of determination, after giving effect to the requested Borrowing, each Lender's Commitment Percentage (under the Revolver Facility) of the Revolver Commitment Usage shall not exceed such Lender's Committed Sum with respect to the Revolver Facility.

Appears in 1 contract

Samples: Credit Agreement (Medical Assurance Inc)

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Revolver Facility. Each Revolver Lender severally, but not jointly, agrees to lend to Borrower the Borrowers 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 (i) $1,000,000 10,000,000 or a greater integral multiple of $100,000 500,000 if a Eurodollar Rate Borrowing, or (ii) $500,000 5,000,000 or a greater integral multiple of $100,000 if a Base Rate Borrowing; (c) on any date of determination, after giving effect to the requested Borrowing, the Revolver Commitment Usage shall never exceed the Revolver Commitment; Commitment and (d) on any date of determination, after giving effect to the requested Borrowing, each Revolver Lender's Commitment Percentage (under the Revolver Facility) of the Revolver Commitment Usage shall not exceed such Lender's Committed Sum with respect to the Revolver FacilitySum.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

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 (i) $1,000,000 7,000,000 or a greater integral multiple of $100,000 1,000,000 if a Eurodollar Rate Borrowing, or (ii) $500,000 3,000,000 or a greater integral multiple of $100,000 if a Base Rate Borrowing, or (iii) $1,000,000 or a greater integral multiple of $100,000 if a Swing Line Borrowing; (c) on any date of determination, after giving effect to the requested Borrowing, the Revolver Commitment Usage shall never exceed the Revolver Commitment; and (d) on any date of determination, after giving effect to the requested Borrowing, each Lender's Commitment Percentage (under the Revolver Facility) of the Revolver Commitment Usage shall not exceed such Lender's Committed Sum with respect to the Revolver FacilitySum.

Appears in 1 contract

Samples: Credit Agreement (Dobson Communications Corp)

Revolver Facility. (a) Each Revolver Lender severally, but not jointly, agrees to lend to Borrower the Restricted Borrowers, and to the extent designated pursuant to the terms hereof, Unrestricted Borrowers, 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 (i) $1,000,000 10,000,000 or a greater integral multiple of $100,000 500,000 if a Eurodollar Rate Borrowing, or (ii) $500,000 5,000,000 or a greater integral multiple of $100,000 if a Base Rate Borrowing; (c) on any date of determination, after giving effect to the requested Borrowing, the Revolver Commitment Usage shall never exceed the Revolver Commitment; and (d) on any date of determination, after giving effect to the requested Borrowing, each Revolver Lender's Commitment Percentage (under the Revolver Facility) of the Revolver Commitment Usage shall not exceed such Lender's Committed Sum with respect Sum; (e) on any date of determination, after giving effect to the Revolver Facilityrequested Borrowing, the aggregate amount of Principal Debt outstanding from all Borrowings made to all Unrestricted Borrowers shall not exceed $500,000,000; and (f) on any date of determination, after giving effect to the requested Borrowing, the aggregate amount of Principal Debt outstanding from all Borrowings made to each Unrestricted Borrower shall not exceed the Designated Amount for such Unrestricted Borrower.

Appears in 1 contract

Samples: Pledge Agreement (Adelphia Communications Corp)

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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 thatPROVIDED 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 (i) $1,000,000 7,000,000 or a greater integral multiple of $100,000 1,000,000 if a Eurodollar Rate Borrowing, or (ii) $500,000 3,000,000 or a greater integral multiple of $100,000 if a Base Rate Borrowing, or (iii) $1,000,000 or a greater integral multiple of $100,000 if a Swing Line Borrowing; (c) on any date of determination, after giving effect to the requested Borrowing, the Revolver Commitment Usage shall never exceed the Revolver Commitment; and (d) on any date of determination, after giving effect to the requested Borrowing, each Lender's Commitment Percentage (under the Revolver Facility) of the Revolver Commitment Usage shall not exceed such Lender's Committed Sum with respect to the Revolver FacilitySum.

Appears in 1 contract

Samples: Credit Agreement (Dutchess County Cellular Telephone Co Inc)

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