Revolving Commitment. (i) Each Revolving Lender severally, and not jointly with the other Revolving Lenders, agrees, upon the terms and subject to the conditions herein set forth, to make revolving credit loans denominated in Dollars (each a “Revolving Loan” and collectively, the “Revolving Loans”) to the Borrower at any time and from time to time during the Revolving Availability Period in an aggregate principal amount not to exceed, when added to such Revolving Lender’s Revolving LC Exposure, the Revolving Commitment of such Lender, which Revolving Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Revolving Loans plus the Revolving LC Exposure exceed the Total Revolving Commitment. (ii) Each Borrowing of a Revolving Loan shall be made from the Revolving Lenders pro rata in accordance with their respective Revolving Commitments; provided, however, that the failure of any Revolving Lender to make any Revolving Loan shall not in itself relieve the other Revolving Lenders of their obligations to lend.
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Samples: First Lien Revolving Credit and Guaranty Agreement (Delta Air Lines Inc /De/), First Lien Revolving Credit and Guaranty Agreement (Delta Air Lines Inc /De/)
Revolving Commitment. (i) Each During the Revolving Lender severallyCommitment Period, and not jointly with the other Revolving Lenders, agrees, upon subject to the terms and subject to the conditions herein set forthhereof, each Lender severally agrees to make revolving credit loans denominated in Dollars (each a “Revolving Loan” and collectively, the “"Revolving Loans”") to the Borrower at any time and from time to time during for the Revolving Availability Period in an aggregate principal amount not purposes hereinafter set forth; provided, however, that (i) with regard to exceed, when added to such Revolving Lender’s Revolving LC Exposureeach Lender individually, the Revolving Commitment sum of such Lender, which 's share of outstanding Revolving 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 Committed Amount, and (ii) with regard to the Lenders collectively, the sum of the aggregate amount of all outstanding Revolving Loans plus the aggregate amount of all outstanding LOC Obligations plus the aggregate amount of all outstanding Swing Line Loans plus the AAL Reserve shall not exceed the aggregate Revolving Committed Amount (as such aggregate maximum amount is reduced from time to time as provided herein). Revolving Loans shall consist of Base Rate Loans, and may be repaid and reborrowed in accordance with the provisions of this Agreementhereof. At no time shall the sum of the then outstanding aggregate principal amount of the Revolving Loans plus the Revolving LC Exposure exceed the Total Revolving Commitment.
(ii) Each Borrowing of a Revolving Loan shall be made from the Revolving Lenders pro rata in accordance with their respective Revolving Commitments; provided, however, that the failure of any Revolving by each Lender to make any Revolving Loan shall not in itself relieve the other Revolving Lenders of their obligations to lendat its Domestic Lending Office.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Midwest Express Holdings Inc)
Revolving Commitment. (i) Each Revolving Lender severallyDuring the Commitment Period, and not jointly with the other Revolving Lenders, agrees, upon the terms and subject to the -------------------- terms and conditions herein set forthhereof, each Revolving Lender severally agrees to make revolving credit loans denominated in Dollars (each a “Revolving Loan” and collectively, the “"Revolving Loans”") to the Borrower in the amount of such --------------- Revolving Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) with regard to the -------- Revolving Lenders collectively, the aggregate principal amount of Revolving Obligations at any time shall not exceed ONE HUNDRED TWENTY-FIVE MILLION DOLLARS ($125,000,000) (the "Aggregate Revolving Committed Amount") and from time (ii) with regard ------------------------------------ to time during the each Revolving Availability Period in an aggregate principal amount not to exceedLender individually, when added to such Revolving Lender’s Revolving LC Exposure, the 's Revolving Commitment Percentage of Revolving Obligations at any time shall not exceed such Revolving Lender, which 's Revolving Committed Amount. Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrower may request, and may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Revolving Loans plus the Revolving LC Exposure exceed the Total Revolving Commitmenthereof.
(ii) Each Borrowing of a Revolving Loan shall be made from the Revolving Lenders pro rata in accordance with their respective Revolving Commitments; provided, however, that the failure of any Revolving Lender to make any Revolving Loan shall not in itself relieve the other Revolving Lenders of their obligations to lend.
Appears in 1 contract
Revolving Commitment. (i) Each Revolving Lender severallyDuring the Commitment Period, and not jointly with the other Revolving Lenders, agrees, upon subject to the terms and subject to the conditions herein set forthhereof, each Lender severally agrees to make revolving credit loans denominated in Dollars (each a “Revolving Loan” and collectively, the “"Revolving Loans”") to the Borrower at any time and Borrowers from time to time during for the Revolving Availability Period in an aggregate principal amount not to exceed, when added to such Revolving Lender’s Revolving LC Exposure, the Revolving Commitment of such Lender, which Revolving Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Revolving Loans plus the Revolving LC Exposure exceed the Total Revolving Commitment.
(ii) Each Borrowing of a Revolving Loan shall be made from the Revolving Lenders pro rata in accordance with their respective Revolving Commitmentspurposes hereinafter set forth; provided, however, that (i) with regard to each Lender individually, the failure sum of any such Lender's share of outstanding Revolving Lender to make any Loans plus such Lender's Revolving Loan 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 itself relieve effect. For purposes hereof, the other Revolving Lenders of their obligations to lend.aggregate amount available
Appears in 1 contract
Samples: Credit Agreement (Horizon Personal Communications Inc)
Revolving Commitment. (i) Each Revolving Subject to all of the terms, conditions and provisions of this Agreement, each Lender severally, and not jointly with the other Revolving Lenders, agrees, upon the terms and subject agrees severally to make available to the conditions Borrower for the purposes herein set forth, to make forth such Lender’s Commitment Percentage of revolving credit loans denominated in Dollars requested by the Borrower (each a “Revolving Loan” and and, collectively, the “Revolving Loans”) to the Borrower at any time and from time to time during from the Closing Date until the Maturity Date, or such earlier dates as the Revolving Availability Period Commitments shall have been terminated as provided herein; provided, however: (i) with regard to each Lender individually, such Lender’s outstanding Loans plus such Lender’s interest in an outstanding LOC Obligations shall not exceed such Lender’s Commitment Percentage of the Committed Amount, (ii) with regard to the Lenders collectively, the aggregate principal amount of outstanding Loans plus LOC Obligations outstanding shall not to exceed, when added to such Revolving Lender’s Revolving LC Exposure, exceed the Revolving Commitment of such Lender, which Revolving Committed Amount and (iii) the LOC Obligations outstanding shall not exceed the LOC Committed Amount. Loans made hereunder may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Revolving Loans plus the Revolving LC Exposure exceed the Total Revolving Commitmenthereof.
(ii) Each Borrowing of a Revolving Loan shall be made from the Revolving Lenders pro rata in accordance with their respective Revolving Commitments; provided, however, that the failure of any Revolving Lender to make any Revolving Loan shall not in itself relieve the other Revolving Lenders of their obligations to lend.
Appears in 1 contract
Samples: Credit Agreement (Hines Real Estate Investment Trust Inc)
Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving 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 in the amount of such Lender's Revolving Commitment Percentage of such Revolving Loans for the purposes hereinafter set forth; provided that (i) Each Revolving Lender severally, and not jointly with the other Revolving Lenders, agrees, upon the terms and subject regard to the conditions herein set forth, to make revolving credit loans denominated in Dollars (each a “Revolving Loan” and Lenders collectively, the “aggregate principal amount of Revolving Loans”) to the Borrower Loans and LOC Obligations at any time and from time to time during shall not exceed the Revolving Availability Period in an aggregate principal amount not Borrowing Base and (ii) with regard to exceedeach Revolving Lender individually, when added to such Revolving Lender’s 's Revolving LC Exposure, Commitment Percentage of the Revolving Commitment of Loans and LOC Obligations at any time shall not exceed such Lender, which 's Revolving Committed Amount. The Revolving Loans may be repaid and reborrowed re-borrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Revolving Loans plus the Revolving LC Exposure exceed the Total Revolving Commitment.
(ii) Each Borrowing of a Revolving Loan shall be made from the Revolving Lenders pro rata in accordance with their respective Revolving Commitments; provided, however, that the failure of any Revolving Lender to make any Revolving Loan shall not in itself relieve the other Revolving Lenders of their obligations to lend.
Appears in 1 contract
Samples: Credit Agreement (Friedmans Inc)