Common use of Revolving Commitment Clause in Contracts

Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Borrowers from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the aggregate Revolving Committed Amount then in effect. For purposes hereof, the aggregate amount available hereunder shall be SEVENTY-FIVE MILLION DOLLARS ($75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.2, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrowers may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Horizon Personal Communications Inc)

AutoNDA by SimpleDocs

Revolving Commitment. During Subject to all of the Commitment Periodterms, subject to the terms conditions and conditions hereofprovisions of this Agreement, each Lender agrees severally agrees to make available to the Borrower for the purposes herein set forth such Lender’s Commitment Percentage of revolving credit loans requested by the Borrower ("Revolving each a “Loan” and, collectively, the “Loans") to the Borrowers from time to time for from the purposes hereinafter set forthClosing Date until the Maturity Date, or such earlier dates as the Revolving Commitments shall have been terminated as provided herein; provided, however, that : (i) with regard to each Lender individually, the sum of such Lender's share of ’s outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of ’s interest in outstanding LOC Obligations shall not exceed such Lender's Revolving ’s Commitment Percentage of the aggregate Revolving Committed Amount and Amount, (ii) with regard to the Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus Swingline Loans plus LOC Obligations outstanding shall not exceed the aggregate Revolving Committed Amount then in effect. For purposes hereof, and (iii) the aggregate amount available hereunder LOC Obligations outstanding shall be SEVENTY-FIVE MILLION DOLLARS ($75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.2, not exceed the "Revolving LOC Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrowers may request, and made hereunder may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Hines Real Estate Investment Trust Inc)

Revolving Commitment. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Borrowers Borrower from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations plus such Lender's Swing Line Commitment Percentage of outstanding Swing Line Loans shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of all outstanding Revolving Loans plus Swingline the aggregate amount of all outstanding LOC Obligations plus the aggregate amount of all outstanding Swing Line Loans plus LOC Obligations the AAL Reserve shall not exceed the aggregate Revolving Committed Amount then in effect. For purposes hereof, the aggregate amount available hereunder shall be SEVENTY-FIVE MILLION DOLLARS ($75,000,000) (as such aggregate maximum amount may be is reduced from time to time as provided in Section 3.2, the "Revolving Committed Amount"herein). Revolving Loans may shall consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrowers may request, and may be repaid and reborrowed in accordance with the provisions hereof. Loans shall be made by each Lender at its Domestic Lending Office.

Appears in 1 contract

Samples: Credit Agreement (Midwest Express Holdings Inc)

Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (the "Revolving Loans") to the Borrowers Borrower from time to time in the amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided, however, provided that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum of the aggregate principal amount of outstanding Obligations under Revolving Loans plus Swingline Loans plus and the LOC Obligations outstanding at any time shall not exceed the aggregate Revolving Committed Amount then in effect. For purposes hereof, the aggregate amount available hereunder shall be SEVENTYTWENTY-FIVE MILLION DOLLARS ($75,000,00025,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.2referenced on Schedule 2.1(a), the "Revolving Committed Amount")) and (ii) with regard to each Lender individually, such Lender's Revolving Commitment Percentage of Obligations under Revolving Loans and the LOC Obligations outstanding at any time shall not exceed such Lender's Revolving Committed Amount. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Eurodollar Loans, or a combination thereof, as the Borrowers Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Pca International Inc)

Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally severally, but not jointly, agrees to make revolving credit loans in Dollars ("Revolving Loans") to the Borrowers Borrower from time to time in an aggregate principal amount of up to FIFTY MILLION DOLLARS ($50,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 2.4, the “Revolving Committed Amount”) for the purposes hereinafter set forth; provided, however, that (i) with regard to each Revolving Lender individually, the sum of such Revolving Lender's share ’s Revolving Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus such Revolving Lender's ’s Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of outstanding LOC Obligations shall not exceed such Revolving Lender's ’s Revolving Commitment Percentage of the aggregate Revolving Committed Amount and (ii) with regard to the Revolving Lenders collectively, the sum of the aggregate principal amount of outstanding Revolving Loans plus Swingline Loans plus outstanding LOC Obligations shall not exceed the aggregate Revolving Committed Amount then in effect. For purposes hereof, the aggregate amount available hereunder shall be SEVENTY-FIVE MILLION DOLLARS ($75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.2, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrowers may request, and may be repaid and reborrowed in accordance with the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Eclipsys Corp)

AutoNDA by SimpleDocs

Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans ("Revolving Loans") to the Borrowers from time to time for the purposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline Loans plus such Lender's LOC Commitment Percentage of LOC Obligations shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the aggregate Revolving Committed Amount then in effect. For purposes hereof, the aggregate amount available hereunder shall be SEVENTY-FIVE MILLION DOLLARS ($75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.2, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrowers may request, and may be repaid and reborrowed in accordance with the provisions hereof.available

Appears in 1 contract

Samples: Credit Agreement and Assignment (Horizon Personal Communications Inc)

Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (the "Revolving Loans"; such Revolving Loans to include Non-Ratable Loans made by Bank of America pursuant to Section 2.4(e) and Permitted Overadvances) to the Borrowers from time to time in the amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided, however, provided that (i) with regard to the Revolving Lenders collectively, the aggregate principal amount of Revolving Loans and LOC Obligations at any time shall not exceed the Revolving Borrowing Base and (ii) with regard to each Revolving Lender individually, the sum of such Lender's share of outstanding Revolving Loans plus such Lender's Revolving Commitment Percentage of Swingline the Revolving Loans plus such Lender's LOC Commitment Percentage of and LOC Obligations at any time shall not exceed such Lender's Revolving Commitment Percentage of the aggregate Revolving Committed Amount and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of outstanding Amount. The Revolving Loans plus Swingline Loans plus LOC Obligations shall not exceed the aggregate Revolving Committed Amount then in effect. For purposes hereof, the aggregate amount available hereunder shall be SEVENTY-FIVE MILLION DOLLARS ($75,000,000) (as such aggregate maximum amount may be reduced from time to time as provided in Section 3.2, the "Revolving Committed Amount"). Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrowers may request, and may be repaid and reborrowed re-borrowed in accordance with the provisions hereofof this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Friedmans Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!