Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time during the Revolving Availability Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Availability Period the Borrower may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 3.2 and 4.3. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excess.
Appears in 5 contracts
Sources: Credit Agreement (INC Research Holdings, Inc.), Credit Agreement (INC Research Holdings, Inc.), Credit Agreement (INC Research Holdings, Inc.)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added which will not result (after giving effect to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount of such Lender’s Revolving Percentage Extensions of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed Credit exceeding the amount of such Lender’s Revolving CommitmentCommitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving Commitments. During the Revolving Availability Commitment Period the Borrower and any Subsidiary Borrower may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Eurocurrency Loans or Base Rate ABR Loans, as determined by the Borrower or any Subsidiary Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.12. ABR Loans shall be denominated only in Dollars.
(b) The Borrower and any relevant Subsidiary Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excess.
Appears in 4 contracts
Sources: Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of the Dollar Equivalent of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Availability Commitment Period the Borrower and any Subsidiary Borrower may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Eurocurrency Loans or Base Rate ABR Loans, as determined by the Borrower or any Subsidiary Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.12. ABR Loans shall be denominated only in Dollars.
(b) The Borrower and any relevant Subsidiary Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excess.
Appears in 4 contracts
Sources: Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Availability Period Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or Base Rate ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.2 and 4.32.10.
(b) Notwithstanding the foregoing, no Lender shall be obligated to make a Revolving Loan hereunder if the aggregate principal amount at any one time outstanding of such Lender’s Revolving Percentage of the Total Revolving Extensions of Credit exceeds such Lender’s Revolving Commitment.
(c) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excess.
Appears in 3 contracts
Sources: Credit Agreement (Agl Resources Inc), Credit Agreement (Agl Resources Inc), Credit Agreement (Agl Resources Inc)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower Borrowers in Dollars from time to time during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender▇▇▇▇▇▇’s Revolving Percentage of the sum of (i) the aggregate Outstanding Amount of L/C Obligations then outstanding at such time and (ii) the aggregate principal amount Outstanding Amount of the Swingline Loans then outstandingat such time, does not exceed the amount of such Lender▇▇▇▇▇▇’s Revolving Commitment. During the Revolving Availability Commitment Period the Borrower Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Term Benchmark Loans or Base Rate ABR Loans, as determined by the Borrower Representative and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.12.
(b) The Borrower Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time together with accrued and unpaid interest on the sum of (i) the aggregate principal amount of Revolving Loans, plus to but excluding the date of payment.
(iic) The Obligations of the principal amount Borrowers in respect of Swingline Loans plus (iii) the aggregate Dollar Amount Revolving Loans, whether on account of L/C Obligations exceeds the aggregate Revolving Commitmentprincipal, the Borrower shallinterest, promptlyfees or otherwise, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excessare joint and several.
Appears in 2 contracts
Sources: Credit Agreement (Emerald Holding, Inc.), Incremental and Refinancing Amendment (Powerschool Holdings, Inc.)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower Revolving Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the aggregate Outstanding Amount of L/C Obligations then outstanding at such time and (ii) the aggregate principal amount Outstanding Amount of the Swingline Loans then outstandingat such time, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Availability Commitment Period the Borrower Revolving Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans (other than Revolving Loans denominated in Dollars or Sterling) may from time to time be Eurodollar Eurocurrency Loans or, with respect to Revolving Loans denominated in Dollars, Term SOFR Loans or Base Rate ABR Loans, as determined by the applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.12. Revolving Loans denominated in Sterling shall be Sterling Daily Rate Loans.
(b) The Borrower Revolving Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time together with accrued and unpaid interest on the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) to but excluding the principal amount date of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excesspayment.
Appears in 2 contracts
Sources: Credit Agreement (Clarivate PLC), Credit Agreement (Clarivate PLC)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) Loans to the Borrower from time to time during the Initial Revolving Availability Period in an aggregate principal amount at any one time outstanding which, when added to such Lender▇▇▇▇▇▇’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Initial Revolving Commitment. During the Initial Revolving Availability Period the Borrower may use the Initial Revolving Commitments by borrowing, prepaying and reborrowing the Initial Revolving Loans in whole or in part, all in accordance with the terms and conditions hereof. The Initial Revolving Loans may from time to time be Eurodollar SOFR Loans or Alternative Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 3.2 and 4.3.
(b) The Borrower shall repay all outstanding Initial Revolving Loans on the Initial Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal aggregate amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Total Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excess.
Appears in 2 contracts
Sources: Credit Agreement (Lantheus Holdings, Inc.), Credit Agreement (Lantheus Holdings, Inc.)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Availability Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or Base Rate ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.12. Borrowing of Revolving Loans on the Closing Date shall not exceed $400,000,000 (exclusive of any Letters of Credit outstanding on such date).
(b) The Borrower shall repay all outstanding (i) 2015 Revolving Loans on the 2015 Revolving Termination Date and (ii) 2016 Revolving Loans on the 2016 Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excess.
Appears in 1 contract
Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each (i) US Revolving Lender severally agrees to make revolving credit loans (“US Revolving Loans”) denominated in Dollars to the Borrower Company from time to time during the Revolver Availability Period in an aggregate principal amount at one time outstanding which, when added to such ▇▇▇▇▇▇’s US Revolving Percentage of the L/C Obligations then outstanding, does not exceed such ▇▇▇▇▇▇’s US Revolving Commitment and (ii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans (“Multicurrency Revolving Loans” and together with the US Revolving Loans, “Revolving Loans”) denominated in a Multicurrency to the Company and the Foreign Subsidiary Borrowers, from time to time during the Revolver Availability Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding, which does not exceed the amount of such Lender▇▇▇▇▇▇’s Multicurrency Revolving Commitment. During Within the Revolving Availability Period the Borrower may use the Revolving Commitments by borrowing, prepaying foregoing limits and reborrowing the Revolving Loans in whole or in part, all in accordance with subject to the terms and conditions hereofset forth herein, a Borrower may borrow, prepay and reborrow Revolving Loans. The Revolving Loans denominated in Dollars may from time to time be Eurodollar Eurocurrency Loans or Base Rate ABR Loans, as determined by the Borrower Company and notified to the Administrative Agent in accordance with Sections 3.2 and 4.3.
(b) Section 2.05. The Borrower shall repay all outstanding Multicurrency Revolving Loans on the Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but denominated in any event within two Business Days, repay Revolving other Multicurrency shall be Eurocurrency Loans in an amount equal to such excessaccordance with Section 2.05.
Appears in 1 contract
Sources: Credit Agreement (Corelogic, Inc.)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Availability Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of any then outstanding Revolving Loans, any Swingline Loans, the Swingline Loans aggregate undrawn amount of all then outstandingoutstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such LenderL▇▇▇▇▇’s Revolving Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the Available Revolving Commitments then in effect. During the Revolving Availability Period Commitment Period, the Borrower may use the Available Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar SOFR Loans or Base Rate ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excess.
Appears in 1 contract
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time during the Revolving Availability Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Availability Period the Borrower may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 3.2 and 4.3.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two (2) Business Days, repay Revolving Loans in an amount equal to such excess.
Appears in 1 contract
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Availability Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of any then outstanding Revolving Loans, any Swingline Loans, the Swingline Loans aggregate undrawn amount of all then outstandingoutstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the Available Revolving Commitments then in effect. During the Revolving Availability Period Commitment Period, the Borrower may use the Available Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or Base Rate ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.13. Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurodollar Loan.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excess.
Appears in 1 contract
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower Borrowers in Dollars from time to time during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the aggregate Outstanding Amount of L/C Obligations then outstanding at such time and (ii) the aggregate principal amount Outstanding Amount of the Swingline Loans then outstandingat such time, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Availability Commitment Period the Borrower Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or Base Rate ABR Loans, as determined by the Borrower Representative and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.12.
(b) The Borrower Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time together with accrued and unpaid interest on the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) to but excluding the principal amount date of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excesspayment.
Appears in 1 contract
Sources: Credit Agreement (Emerald Expositions Events, Inc.)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) Loans to the Borrower from time to time during the Initial Revolving Availability Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Initial Revolving Commitment. During the Initial Revolving Availability Period the Borrower may use the Initial Revolving Commitments by borrowing, prepaying and reborrowing the Initial Revolving Loans in whole or in part, all in accordance with the terms and conditions hereof. The Initial Revolving Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 3.2 and 4.3.
(b) The Borrower shall repay all outstanding Initial Revolving Loans on the Initial Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal aggregate amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Total Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excess.
Appears in 1 contract
Revolving Commitments. (ai) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower Revolving Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the aggregate Outstanding Amount of L/C Obligations then outstanding at such time and (ii) the aggregate principal amount Outstanding Amount of the Swingline Loans then outstandingat such time, does not exceed the amount of such Lender▇▇▇▇▇▇’s Revolving Commitment. During the Revolving Availability Commitment Period the Borrower Revolving Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans (other than Revolving Loans denominated in Dollars or Sterling) may from time to time be Eurodollar Eurocurrency Loans or, with respect to Revolving Loans denominated in Dollars, Term SOFR Loans or Base Rate ABR Loans, as determined by the applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.12. Revolving Loans denominated in Sterling shall be Sterling Daily Rate Loans.
(bii) The Borrower Revolving Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time together with accrued and unpaid interest on the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) to but excluding the principal amount date of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excesspayment.
Appears in 1 contract
Sources: Credit Agreement (CLARIVATE PLC)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower Revolving Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the aggregate Outstanding Amount of L/C Obligations then outstanding at such time and (ii) the aggregate principal amount Outstanding Amount of the Swingline Loans then outstandingat such time, does not exceed the amount of such LenderL▇▇▇▇▇’s Revolving Commitment. During the Revolving Availability Commitment Period the Borrower Revolving Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans (other than Revolving Loans denominated in Sterling) may from time to time be Eurodollar Eurocurrency Loans or Base Rate or, with respect to Revolving Loans denominated in Dollars, ABR Loans, as determined by the applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.12. Revolving Loans denominated in Sterling shall be Sterling Daily Rate Loans.
(b) The Borrower Revolving Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time together with accrued and unpaid interest on the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) to but excluding the principal amount date of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excesspayment.
Appears in 1 contract
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Availability Commitment Period in an aggregate principal amount with respect to all such Revolving Loans at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of any then outstanding Revolving Loans, any Swingline Loans, the Swingline Loans aggregate undrawn amount of all then outstandingoutstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment. In addition, the amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the Available Revolving Commitments then in effect. During the Revolving Availability Period Commitment Period, the Borrower may use the Available Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, and borrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or Base Rate ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.11. Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurodollar Loan.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excess.
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Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower Revolving Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the aggregate Outstanding Amount of L/C Obligations then outstanding at such time and (ii) the aggregate principal amount Outstanding Amount of the Swingline Loans then outstandingat such time, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Availability Commitment Period the Borrower Revolving Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans (other than Revolving Loans denominated in Dollars or Sterling) may from time to time be Eurodollar Eurocurrency Loans or, with respect to Revolving Loans denominated in Dollars, Term SOFR Loans or Base Rate ABR Loans, as determined by the applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.12. Revolving Loans denominated in Sterling shall be Sterling Daily Rate Loans.
(b) The Borrower Revolving Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time together with accrued and unpaid interest on the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) to but excluding the principal amount date of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excesspayment.
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Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans denominated in Dollars (“Revolving Loans”) to the Borrower US Borrowers from time to time during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and outstanding, (ii) the aggregate principal amount of the Swingline Loans then outstanding, and (iii) the Dollar Equivalent of the aggregate principal amount of the Foreign Currency Loans and the UK Foreign Currency Loans then outstanding, does not exceed the amount of such Lender’s Available Revolving Commitment. During the Revolving Availability Period Commitment Period, the Borrower US Borrowers may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans Loans, in whole or in part, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Eurocurrency Loans or Base Rate Loans, as determined by the Borrower applicable US Borrowers and notified to the Administrative Agent in accordance with Sections 3.2 2.2 and 4.3.
(b) The Borrower US Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excess.
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Sources: Secured Revolving Credit Agreement (Monster Worldwide Inc)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower Revolving Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (i) the aggregate Outstanding Amount of L/C Obligations then outstanding at such time and (ii) the aggregate principal amount Outstanding Amount of the Swingline Loans then outstandingat such time, does not exceed the amount of such Lender▇▇▇▇▇▇’s Revolving Commitment. During the Revolving Availability Commitment Period the Borrower Revolving Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans (other than Revolving Loans denominated in Dollars or Sterling) may from time to time be Eurodollar Eurocurrency Loans or, with respect to Revolving Loans denominated in Dollars, Term SOFR Loans or Base Rate ABR Loans, as determined by the applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.12. Revolving Loans denominated in Sterling shall be Sterling Daily Rate Loans.
(b) The Borrower Revolving Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time together with accrued and unpaid interest on the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) to but excluding the principal amount date of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excesspayment.
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Sources: Credit Agreement (Clarivate PLC)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“"Revolving Loans”") to the Borrower from time to time during the Revolving Availability Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s 's Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s 's Revolving Commitment. During the Revolving Availability Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or Base Rate ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 3.2 2.5 and 4.32.12, provided that no Revolving Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Termination Date. Notwithstanding the foregoing, each of the revolving credit loans made under the Existing Credit Agreement shall, from and after the Closing Date, be deemed to have been made pursuant to this Section 2.4.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date. In addition, if at any time the sum of (i) the aggregate principal amount of Revolving Loans, plus (ii) the principal amount of Swingline Loans plus (iii) the aggregate Dollar Amount of L/C Obligations exceeds the aggregate Revolving Commitment, the Borrower shall, promptly, but in any event within two Business Days, repay Revolving Loans in an amount equal to such excess.
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