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 in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. (b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 6 contracts
Samples: Credit Agreement (Dave & Busters Inc), Credit Agreement (Dave & Buster's Entertainment, Inc.), Credit Agreement (Dave & Buster's Entertainment, 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 in Dollars from time to time during the Revolving 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 Revolving L/C Obligations then outstanding and Exposure at such time and, (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 5 contracts
Samples: Credit Agreement (21st Century Oncology Holdings, Inc.), Credit Agreement (National Mentor Holdings, Inc.), Credit Agreement (National Mentor 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 in Dollars from time to time during the Revolving Commitment 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Availability 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 ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 3.2 and 2.124.3.
(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
Samples: 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 (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s (i) Revolving Percentage of the sum of (i) the L/C Obligations then aggregate outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstandingand (ii) L/C Exposure, does not exceed the amount of such Lender’s Revolving Commitment; provided. In addition, that (i) the aggregate amount Total Revolving Extensions of Credit shall not at any time exceed the Total Revolving Loans made Commitments in effect at such time and (ii) borrowings under the Revolving Commitments on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Initial Revolving Borrowing. During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 4 contracts
Samples: Credit Agreement (Ribbon Communications Inc.), Credit Agreement (Ribbon Communications Inc.), Credit Agreement (Ribbon Communications 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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans then outstandingor Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 4 contracts
Samples: Credit Agreement (Appian Corp), Credit Agreement (Appian Corp), Credit Agreement (Appian Corp)
Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) Loans in dollars or in any Permitted Foreign Currency to the Borrower in Dollars from time to time during the Revolving Commitment 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 that will not result in (i) the L/C Obligations then outstanding and (iia) the aggregate outstanding principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Loans exceeding such Lender’s Revolving Commitment, (b) the sum of the Aggregate Total Exposure exceeding the total Revolving Commitments or (c) any Lender’s Total Exposure exceeding such Lender’s Revolving Commitment; provided, provided that the Borrower shall not request, and the Lenders shall not be required to fund, a Revolving Loan that is denominated in a Permitted Foreign Currency if after the making of such Revolving Loan, the Dollar Equivalent of the aggregate principal amount of all Revolving Loans made on the Closing Date shall not then outstanding that are denominated in a Permitted Foreign Currency (including such requested Revolving Loan) would exceed $5,000,000 (which shall not include 500,000,000. Within the Existing Letters of Credit which are deemed foregoing limits and subject to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Periodterms and conditions set forth herein, the Borrower may use the borrow, prepay and reborrow Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Uber Technologies, Inc), Revolving Credit Agreement (Uber Technologies, Inc), Revolving Credit Agreement (Uber Technologies, 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 in Dollars or any Subsidiary Borrower from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower and any Subsidiary Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower or any Subsidiary Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. 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.
Appears in 4 contracts
Samples: 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 in Dollars or any Subsidiary Borrower from time to time during the Revolving 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 Commitment; provided, that Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Commitments. During the Revolving Commitment Period, Period the Borrower and any Subsidiary Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower or any Subsidiary Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. 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.
Appears in 4 contracts
Samples: Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.)
Revolving Commitments. (ai) Subject to the terms and conditions hereof, each Lender holding an Initial Revolving Lender Commitment severally agrees to make revolving credit loans (together, the “Initial Revolving Loans”) to the Borrower in Dollars from time to time during the Initial Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Commitment Percentage of the sum of (i) the then outstanding L/C Obligations and the then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstandingSwing Line Loans, does not exceed the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Commitment then in effect. During the Initial Revolving Commitment Period, the Borrower may use the Initial Revolving Commitments by borrowing, prepaying the Initial Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. .
(ii) The Revolving Loans shall be made in Dollars and, subject to subsection 3.7, may from time to time be Eurodollar (i) Eurocurrency Loans, (ii) ABR Loans or ABR Loans(iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 subsections 2.2 and 2.123.2; provided that no Revolving Loan shall be made as a Eurocurrency Loan after the day that is one month prior to the applicable Maturity Date therefor.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 3 contracts
Samples: Credit Agreement (Frontdoor, Inc.), Credit Agreement (Frontdoor, Inc.), Credit Agreement (Servicemaster Global 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 to the Borrower in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, which when added to such Lender’s Revolving Percentage of the sum of (ix) the L/C Obligations then outstanding and (iiy) the aggregate principal amount of the Swingline Loans then outstanding, after giving effect to the making of such Revolving Loans, does not exceed the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, in each case, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13.
(b) The Borrower shall repay all outstanding Revolving Loans made to it on the Revolving Termination Date.
Appears in 3 contracts
Samples: Credit Agreement (Yankee Finance, Inc.), First Lien Credit Agreement (Vertrue Inc), Credit Agreement (Yankee Holding Corp.)
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 in Dollars Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations such Revolving Lender’s Revolving Percentage of any Swingline Loans then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstandingsuch Revolving Lender’s L/C Exposure, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the aggregate amount Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans made on the Closing Date Loans, shall not exceed $5,000,000 (which shall not include x) the Existing Letters lesser of Credit which are deemed (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, less (y) Reserves imposed by the Administrative Agent in its Permitted Discretion from time to be outstanding under this Agreement pursuant to Section 3.9)time. During the Revolving Commitment Period, Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date; provided, however, that during the existence of an Event of Default, the Revolving Loans then outstanding shall be repaid from funds in the Cash Collateral Account in accordance with Section 6.3(c).
Appears in 3 contracts
Samples: Eighth Amendment Agreement (Benefitfocus,Inc.), Eighth Amendment Agreement (Benefitfocus,Inc.), Credit Agreement (Benefitfocus,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 in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to any application of proceeds of such Revolving Loans pursuant to Section 2.6 or to reimburse the Issuing Lender pursuant to Section 3.5) to the sum of (i) such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the such Lender’s Swingline Loans Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 3 contracts
Samples: First Lien Credit Agreement (Bioventus Inc.), First Lien Credit Agreement (Bioventus Inc.), First Lien Credit Agreement (Bioventus 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 in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.122.10.
(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.
Appears in 3 contracts
Samples: 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 applicable Borrower in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added (after giving effect to any application of proceeds of such Revolving Loans pursuant to Section 2.6) to the sum of (i) such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the such Lender’s Swingline Loans Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The applicable Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 3 contracts
Samples: Credit Agreement (Ultra Clean Holdings, Inc.), Credit Agreement (Ultra Clean Holdings, Inc.), Credit Agreement (Ultra Clean 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 in Dollars from time to time during the Revolving 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 outstandingoutstanding (except to the extent that such Revolving Loans are to be applied to repay outstanding Swingline Loans), does not exceed the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. Revolving Loans outstanding under the Existing Credit Agreement on the Amendment Effective Date and not repaid on such date shall continue thereafter hereunder with the same respective Interest Periods.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 3 contracts
Samples: Credit Agreement (Mq Associates Inc), Credit Agreement (Mq Associates Inc), Credit Agreement (Mq Associates 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 in Dollars Co-Borrowers from time to time during the Revolving 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; provided, that that, after giving effect thereto, the aggregate amount of Revolving Loans made on the Closing Date Extensions of Credit then outstanding shall not exceed $5,000,000 the lesser of (which shall not include i) Senior Debt Limit at such time, (ii) if the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Borrowing Base is in effect on the date the Revolving Loan is made, the Borrowing Base on such date or (iii) the Total Revolving Commitments at such time. During the Revolving Commitment Period, the Borrower Co- Borrowers may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans 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 ABR Base Rate Loans, as determined by the Borrower Co-Borrowers and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.123.3.
(b) The Borrower Co-Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 2 contracts
Samples: Credit Agreement (Chesapeake Energy Corp), Credit Agreement (Chesapeake Energy Corp)
Revolving Commitments. (a) Subject to the terms and conditions hereofof this Agreement, each Revolving Lender Bank severally agrees to make revolving credit loans (“Revolving Loans”) one or more advances to the Borrower in Dollars from time to time during from and including the Closing Date to but excluding the Revolving Commitment Period Termination Date in an aggregate principal amount at any one time outstanding whichup to but not exceeding the amount of such Bank's Revolving Commitment as then in effect; provided, when added however:
(a) the Outstanding Revolving Credit applicable to a Bank shall not at any time exceed such Lender’s Bank's Revolving Percentage of Commitment; and
(b) the sum Outstanding Revolving Credit shall not at any time exceed the lesser of (i) the L/C Obligations then outstanding and Borrowing Base or (ii) the aggregate principal amount Revolving Commitments. Subject to the foregoing limitations, and the other terms and provisions of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment PeriodAgreement, the Borrower may use borrow, prepay, and reborrow hereunder the amount of the Revolving Commitments by borrowingand may establish Base Rate Accounts and Eurodollar Accounts thereunder and, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on until the Revolving Termination Date, the Borrower may Continue Eurodollar Accounts established under the Revolving Loans or Convert Accounts established under the Revolving Loans of one Type into Accounts of the other Type. Accounts of each Type under the Revolving Loan made by each Bank shall be established and maintained at such Bank's Applicable Lending Office for Revolving Loans of such Type.
Appears in 2 contracts
Samples: Credit Agreement (Tufco Technologies Inc), Credit Agreement (Tufco Technologies 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 in Dollars from time to time during the Revolving --------------- 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 lesser of (a) the amount of such Lender’s 's Revolving Commitment; provided, that Commitment and (b) such Lender's Revolving Percentage of the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Borrowing Base then in effect. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.122.9.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 2 contracts
Samples: Credit Agreement (Lexar Media Inc), Credit Agreement (Lexar Media 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 any Borrower in Dollars from time to time in Dollars during the Revolving 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 outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans then outstandingor Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.12.
2.10. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (b7) The SOFR Borrowings outstanding at any time. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower shall to repay all outstanding Revolving Loans on such Loan in accordance with the Revolving Termination Date.terms of this Agreement (d)
Appears in 2 contracts
Samples: Credit Agreement (Pagaya Technologies Ltd.), Credit Agreement (Pagaya Technologies Ltd.)
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 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower Revolving Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying 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 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 2.5 and 2.12.
(b) The Borrower Revolving Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date, together with accrued and unpaid interest on the Revolving Loans, to but excluding the date of payment.
Appears in 2 contracts
Samples: Credit Agreement (Clarivate Analytics PLC), Credit Agreement (Clarivate Analytics PLC)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars (“Revolving Loans”) to the Borrower in Dollars Borrowers from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower relevant Borrowers may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the relevant Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12Section 2.8. No Revolving Loans shall be made if the Revolving Extensions of Credit would exceed the Revolving Commitment.
(b) The Each Borrower shall repay all outstanding Revolving Loans borrowed by it on the Revolving Termination Date.
(c) Any Lender may request that Loans made by it be evidenced by a Note. In such event, the applicable Borrower shall prepare, execute and deliver to such Lender a Note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such Note and interest thereon shall at all times (including after assignment pursuant to Section 10.6) be represented by one or more Notes in such form payable to the payee named therein (or, if such Note is a registered note, to such payee and its registered assigns).
Appears in 2 contracts
Samples: Credit Agreement (Roper Technologies Inc), Credit Agreement (Roper Technologies 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 in Dollars or any Subsidiary Borrower from time to time during the Revolving 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 Commitment; provided, that Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Commitments. During the Revolving Commitment Period, Period the Borrower and any Subsidiary Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower or any Subsidiary Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 2 contracts
Samples: 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”) Loans to the Borrower in Dollars from time to time during the Revolving 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; providedprovided that any time after the occurrence and during the continuance of a Partial Trigger Event, that the aggregate amount of Borrower may not borrow any Revolving Loans made on if after giving effect to such Revolving Loans the Closing Date Total Revolving Extensions of Credit would exceed $100,000,000 (provided that this shall not exceed $5,000,000 (which shall not include be a condition precedent with respect to the Existing Letters issuance of any Letter of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9the extent that such Letter of Credit is Cash Collateralized concurrently with the issuance thereof in an amount not less than the Minimum Collateral Amount). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Subject to Section 2.14, the Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.122.10.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 2 contracts
Samples: Credit Agreement (CorePoint Lodging Inc.), Credit Agreement (CorePoint Lodging Inc.)
Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (each such loan, a “Revolving LoansLoan”) to the each Borrower in Dollars from time to time on any Business Day during the Revolving Commitment Availability Period in an aggregate principal amount not to exceed 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; provided, however, that the aggregate amount after giving effect to any Borrowing of Revolving Loans made on Loans, (a) the Closing Date Total Revolving Outstandings shall not exceed $5,000,000 the Aggregate Revolving Commitments, (which b) the Revolving Credit Exposure of any Lender shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the exceed such Lender’s Revolving Commitment Period, and (c) the Total Revolving Outstandings of any Borrower may use shall not exceed such Borrower’s Borrower Sublimit. Within the limits of each Lender’s Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in partCommitment, and reborrowing, all in accordance with subject to the other terms and conditions hereof, each Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. The Revolving Loans may from time to time be Eurodollar Base Rate Loans or ABR Eurodollar Rate Loans, or a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay further provided herein, provided, however, all outstanding Revolving Loans Borrowings made on the Revolving Termination DateEffective Date shall be made as Base Rate Loans.
Appears in 2 contracts
Samples: Credit Agreement (Public Service Co of New Hampshire), Credit Agreement (Connecticut Light & Power Co)
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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans then outstandingLoans, the aggregate undrawn amount of all outstanding 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; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 the lesser of (which shall not include i) the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13.
(b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances and Protective Overadvances) on the Revolving Termination Date.
Appears in 2 contracts
Samples: Credit Agreement (CrowdStrike Holdings, Inc.), Credit Agreement (CrowdStrike Holdings, 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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans then outstandingLoans, the aggregate undrawn amount of all outstanding 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; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 2 contracts
Samples: Credit Agreement (Stitch Fix, Inc.), Credit Agreement (Hortonworks, 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 in Dollars or any Subsidiary Borrower from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower and any Subsidiary Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower or any Subsidiary Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Loans shall be denominated only in Dollars.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 2 contracts
Samples: Incremental Facilities Agreement (Avis Budget Group, Inc.), Incremental Tranche B Term Facility 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 in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Termination Date. The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Medical Properties Trust Inc), Revolving Credit and Term Loan Agreement (Medical Properties Trust 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 in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding for each Revolving Lender which, when added to such Revolving Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Exposure and/or any Swingline Loans then outstandingLoans, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment; provided, that the aggregate amount Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans made on the Closing Date Loans, shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13. Notwithstanding anything to the contrary contained herein, during the existence of a Default or an Event of Default, no Revolving Loan may be borrowed as, or converted to or continued as a Eurodollar Loan.
(b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances) on the Revolving Termination Date.
Appears in 2 contracts
Samples: Credit Agreement (Carbonite Inc), Credit Agreement (Carbonite 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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans, the aggregate undrawn amount of all outstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans then outstandingor Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 2 contracts
Samples: Credit Agreement (Accuray Inc), Credit Agreement (Organogenesis Holdings Inc.)
Revolving Commitments. (ai) Subject to the terms and conditions hereof, from time to time during the Commitment Period, each Revolving Lender severally agrees to make revolving credit loans in Dollars (“Revolving Loans”) to the Borrower in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount that will not result at any one the time outstanding which, when added to of 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 Borrowing in the amount of such Lender’s Outstanding Revolving Credit under the Revolving Commitments exceeding such Lender’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.03 and 2.122.05.
(bii) The Borrower Each Revolving Loan under the Revolving Commitments shall repay all outstanding be made as part of a Borrowing consisting of Revolving Loans on made by the Lenders thereunder ratably in accordance with their respective Revolving Commitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Termination DateCommitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.
Appears in 1 contract
Samples: Credit Agreement (Starz, LLC)
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 in Dollars from time to time during the Revolving 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 LenderXxxxxx’s Revolving Commitment; provided. In addition, that the aggregate amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Available Revolving Commitments then in effect. During the Revolving Commitment Period, the Borrower may use the Available Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.11. Notwithstanding anything to the contrary contained herein, during the existence and continuation of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a SOFR Loan.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving ----------------- 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 LIBOR Loans or ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.10.
(b) The Subject to Section 2.4(c) below, the Borrower shall repay all outstanding Revolving Loans on the Scheduled Revolving Termination Date.
(c) Notwithstanding anything in this Agreement or in any other Loan Document to the contrary, all outstanding Revolving Loans shall be immediately due and payable, without demand or notice of any kind, and the Revolving Commitments shall immediately terminate, without demand or notice of any kind, on the second calendar day (or, if not a Business Day, the next succeeding Business Day) after the Closing Date in the event the Spinoff has not been completed in its entirety (including all steps (1) through (4) thereof) in accordance with the terms of this Agreement (including without limitation Section 6.11
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 in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date, together with accrued and unpaid interest on the Revolving Loans, to but excluding the date of payment.
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 in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, 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 ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 3.2 and 2.124.3. If the Term Loans have not been funded by March 16, 2004, time being of the essence, or if the Acquisition Agreement is terminated, the Revolving Commitments of each Lender shall terminate without further obligation or liability of the Lenders to the Borrower, but all obligations of the Borrower in respect of indemnities, fees or expenses shall survive such termination.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Itron Inc /Wa/)
Revolving Commitments. (a) Subject to the terms and conditions hereof--------------------- of this Agreement, each Lender who has agreed to provide a Revolving Lender Commitment severally agrees to make revolving credit loans (“Revolving Loans”) advances to the Borrower in Dollars from time to time during from and including the Closing Date to but excluding the Revolving Commitment Period Termination Date in an aggregate principal amount at any one time outstanding which, when added up to but not exceeding the amount of such Lender’s 's Revolving Percentage Commitment as then in effect; provided, -------- however, (a) the Outstanding Revolving Credit applicable to a Lender shall not ------- at any time exceed such Lender's Revolving Commitment, and (b) the Outstanding Revolving Credit of all of the sum Lenders shall not at any time exceed the lesser of (i) the L/C Obligations then outstanding and Borrowing Base or (ii) the aggregate principal Revolving Commitments. Subject to the foregoing limitations, and the other terms and provisions of this Agreement, Borrower may borrow, prepay, and reborrow hereunder the amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowingand may establish Base Rate Accounts and Libor Accounts thereunder and, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on until the Revolving Termination Date, Borrower may Continue Libor Accounts established under the Revolving Loans or Convert Accounts established under the Revolving Loans of one Type into Accounts of the other Type. Accounts of each Type under the Revolving Loans made by each Lender shall be established and maintained at such Lender's Applicable Lending Office for Revolving Loans of such Type.
Appears in 1 contract
Revolving Commitments. (a) Subject to the terms and conditions hereofset forth herein, each Revolving Lender agrees, severally agrees and not jointly, to make revolving credit loans (“Revolving Loans”) Loans in Dollars to the Borrower in Dollars from time to time on the 15th day of any calendar month (or if such day is not a Business Day, the first Business Day after the 15th of such calendar month), last Business Day of each calendar month or, four times per calendar year, any other Business Day during the applicable Revolving Commitment Period in an aggregate principal amount not to exceed at any one time outstanding whichthe Revolving Commitment of such Revolving Lender; provided, when added however, that after giving effect to such Lender’s any Revolving Percentage of the sum of Loan,
(i) the L/C Obligations then outstanding and Total Revolving Outstanding Amount shall not exceed the Total Revolving Commitments,
(ii) the aggregate principal amount Revolving Outstanding Amount of the Swingline Loans then outstanding, does any Revolving Lender shall not exceed the amount Revolving Commitment of such Lender’s Revolving Commitment; provided, that Lender and
(iii) the aggregate amount Total Outstanding Amount of Revolving Loans made on the Closing Date all Lenders shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement Borrowing Base. Amounts borrowed pursuant to this Section 3.9). During 2.04 may be repaid and reborrowed during the applicable Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding to the applicable Revolving Lenders on the applicable Revolving Termination Date the aggregate principal amount of the applicable Revolving Loans outstanding on the Revolving Termination Datesuch date.
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 in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage the aggregate undrawn amount of all outstanding Letters of Credit and the sum aggregate amount of (i) the all L/C Obligations then outstanding and (ii) the aggregate principal amount Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Swingline Loans then outstandingBorrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment; provided. In addition, that such aggregate obligations shall not at any time exceed the aggregate amount lesser of (i) the Total Revolving Loans made Commitments at such time and (ii) the Borrowing Base at such time. No Revolving Extension of Credit shall be outstanding on the Closing Date Date. No portion of the Revolving Loans shall not exceed $5,000,000 (which shall not include be funded with “plan assets” of any “benefit plan investor” within the Existing Letters meaning of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)3(42) of ERISA. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage the aggregate undrawn amount of all outstanding Letters of Credit and the sum aggregate amount of (i) the all L/C Obligations then outstanding and (ii) the aggregate principal amount Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Swingline Loans then outstandingBorrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment; provided, provided that the aggregate amount of Total Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters Extensions of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)shall in no event exceed the Total Revolving Commitment. During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.122.8.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Enernoc 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 U.S. Borrower in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when the Dollar Equivalent thereof is added (after giving effect to any application of proceeds of such Revolving Loans pursuant to Section 2.6) to the sum of (i) such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the such Lender’s Swingline Loans Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans denominated in Dollars may from time to time be Eurodollar Loans or ABR Loans, as determined by the U.S. Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving 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 LenderLxxxxx’s Revolving Commitment; provided. In addition, that the aggregate amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Available Revolving Commitments then in effect. During the Revolving Commitment Period, the Borrower may use the Available Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 13452822.12 |US-DOCS\87149920.12138026742.9|| 27955694.v2 the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Lendxx’x 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 Lendxx’x Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying 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 EurodollarTerm SOFR Loans or ABR Loans, as determined by the Borrower Representative and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date, together with accrued and unpaid interest on the Revolving Loans, to but excluding the date of payment.
Appears in 1 contract
Revolving Commitments. (ai) Subject to the terms and conditions hereof, each Lender holding an Initial Revolving Lender Commitment severally agrees to make revolving credit loans (together, the “Initial Revolving Loans”) to the Borrower in Dollars from time to time during the Initial Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such LenderXxxxxx’s Revolving Commitment Percentage of the sum of (i) the then outstanding L/C Obligations and the then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstandingSwing Line Loans, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment; provided, that Commitment then in effect (after giving effect to the aggregate amount use of Revolving Loans made the proceeds thereof on the Closing Date shall not exceed $5,000,000 (which shall not include date of the Existing Letters of Credit which are deemed incurrence thereof to be repay any amounts theretofore outstanding under this Agreement pursuant to Section 3.9this Agreement). During the Initial Revolving Commitment Period, the Borrower may use the Initial Revolving Commitments by borrowing, prepaying the Initial Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. .
(ii) The Revolving Loans shall be made in Dollars and may from time to time be Eurodollar (i) Eurocurrency Loans, (ii) ABR Loans or ABR Loans(iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.subsections
Appears in 1 contract
Samples: First Lien Credit Agreement
Revolving Commitments. (a) Subject to the terms and conditions hereofhereof (including, without limitation, the second paragraph of Section 2.5 with respect to the Suspension Period), each Revolving Lender severally agrees to make revolving credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower in Dollars from time to time during the Revolving 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; provided. In addition, that the aggregate amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Available Revolving Commitments then in effect. During the Revolving Commitment Period, the Borrower may use the Available Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving Commitment 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Availability 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 ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 3.2 and 2.124.3.
(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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans then outstandingLoans, the Dollar Equivalent of the aggregate undrawn amount of all outstanding Letters of Credit, and the Dollar Equivalent of 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; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Yext, Inc.)
Revolving Commitments. (a) Subject During the Revolving Commitment Period, subject to the terms and conditions hereofhereof (including, without limitation, Section 3.03), each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) Loans to the Borrower in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added up 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 but not exceed the amount of exceeding such Lender’s Revolving Commitment; providedprovided that, that after giving effect to the making of any Revolving Loans, in no event shall (i) the Total Utilization of Revolving Commitments exceed the lesser of (A) the Revolving Commitments then in effect and (B) the Borrowing Base then in effect nor (ii) the Aggregate Credit Exposure exceed the Collateral Amount then in effect. Amounts borrowed pursuant to this Section 2.02(a) may be repaid and reborrowed during the Revolving Commitment Period. Each Lender’s Revolving Commitment shall expire on the Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full on the Termination Date. Notwithstanding anything herein to the contrary, the sum of the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include and the aggregate face amount of the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12shall not exceed $245,000,000.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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”"REVOLVING LOANS") to the Borrower in Dollars from time to time during the Revolving 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; provided, that that, after giving effect thereto, the aggregate amount of Revolving Loans made on the Closing Date Extensions of Credit then outstanding shall not exceed $5,000,000 the lesser of (which shall not include i) Senior Debt Limit at such time, (ii) if the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Borrowing Base is in effect on the date the Revolving Loan is made, the Borrowing Base on such date or (iii) the Total Revolving Commitments at such time. During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans 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 ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 SECTIONS 2.2 and 2.123.3.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving 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 pro rata share of the sum aggregate outstanding amount of (i) any Revolving Loans, any Swingline Loans, the aggregate undrawn amount of all outstanding Letters of Credit, and the aggregate amount of all L/C Obligations then outstanding and (ii) the aggregate principal amount Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Swingline Loans then outstandingBorrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment; provided. In addition, that the aggregate amount of the Total Revolving Loans made on the Closing Date Extensions of Credit outstanding at such time shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may SF1 1952992 from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.11.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Demand Media 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 in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to 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 Credit then outstanding, does not exceed the lesser of (i) such Lender’s Revolving Percentage of the amount certified by the Borrower, in the Borrowing Base Certificate then most recently delivered to the Administrative Agent, as constituting the amount of the Borrowing Base (adjusted to give effect to any changes in Reserves that thereafter became effective) and (ii) the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount of . Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which that are deemed to repaid may be outstanding under this Agreement pursuant to Section 3.9). During reborrowed during the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with subject to the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.123.3.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying 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 ABR Loans, as determined by the Borrower Representative and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date, together with accrued and unpaid interest on the Revolving Loans, to but excluding the date of payment.
Appears in 1 contract
Samples: 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”) to the Borrower in Dollars from time to time during the Revolving Commitment 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Availability 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 ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 3.2 and 2.124.3.
(ba) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date, except to the extent extended by individual Lenders as to such Lender’s Revolving Commitment.
Appears in 1 contract
Samples: Credit Agreement (Microsemi Corp)
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 in Dollars from time to time during the Revolving Commitment Period in an aggregate Dollar Equivalent 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; providedprovided that after giving effect to any such Revolving Loans, that (x) the aggregate amount Total Revolving Extensions of Revolving Loans made on the Closing Date Credit shall not exceed $5,000,000 the Total Revolving Commitments and (which y) the Total Revolving Extensions of Credit denominated in Alternative Currencies shall not include exceed the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Alternative Currency Sublimit. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Termination Date. The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (MPT Operating Partnership, L.P.)
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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans then outstandingLoans, and the aggregate undrawn amount of all outstanding 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; provided, provided that the aggregate amount of Total Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters Extensions of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)shall in no event exceed the Total Revolving Commitment. During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.122.8.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 LoansCredit Loan”) in U.S. Dollars to the Borrower in Dollars from time to time during the Revolving Credit 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 so long as after giving effect thereto (i) the L/C Obligations then outstanding and Available Revolving Credit Commitment of each Lender with a Revolving Credit Commitment is greater than or equal to zero, (ii) the aggregate principal amount Aggregate Revolving Credit Outstanding of the Swingline Loans then outstanding, all Lenders does not exceed the amount Aggregate Revolving Credit Commitments and (iii) the Aggregate Revolving Credit Outstanding of such Lender’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall all Lenders does not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Borrowing Base. During the Revolving Credit Commitment Period, Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. .
(b) The Revolving Credit Loans may from time to time be (i) Eurodollar Loans, (ii) Prime Loans or ABR Loans(iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 subsections 2.2 and 2.12.
(b) The Borrower 4.2, provided, that, no Revolving Credit Loan shall repay all outstanding Revolving Loans on be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Napco Security Technologies, 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 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 LenderLxxxxx’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower Revolving Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying 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 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 2.5 and 2.12. 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, together with accrued and unpaid interest on the Revolving Loans, to but excluding the date of payment.
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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans then outstandingLoans, the Dollar Equivalent of the aggregate undrawn amount of all outstanding Letters of Credit, and the Dollar Equivalent of 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; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13.
(b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances to the extent not previously repaid) on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving 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; provided. In addition, that the aggregate amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Available Revolving Commitments then in effect. During the Revolving Commitment Period, the Borrower may use the Available Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13. 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.
Appears in 1 contract
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars (“Revolving Loans”) to the any Borrower in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of no Lender shall make Revolving Loans made on to any Borrower during the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Suspension Period. During the Revolving Commitment Period, Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.122.7. Notwithstanding anything to the contrary in this Agreement, in no event shall the Total Revolving Extensions of Credit exceed the Maximum Permitted Outstanding Amount.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars Borrowers from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, the each 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 ABR Base Rate Loans, as determined by the Borrower Borrowers and notified to the Administrative Agent in accordance with Sections 2.5 3.2 and 2.124.3.
(b) The Each Borrower shall agrees to repay all outstanding Revolving Loans made to such Borrower on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Aveta 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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans, ny-2096649 v7 the aggregate undrawn amount of all outstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans then outstandingor Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such LenderLxxxxx’s Revolving Commitment; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 EurodollarSOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven SOFR Borrowings outstanding at any time.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Accuray 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 applicable Borrower in Dollars from time to time during the Revolving Commitment Period in Dollars in an aggregate principal amount at any one time outstanding which, when added (after giving effect to any application of proceeds of such Lender’s Revolving Percentage of Loans pursuant to Section 2.6) to the sum of (i) such Lendex’x Revolving Percentage of the L/C Obligations ObligationsExposure then outstanding and (ii) the aggregate principal amount of the such Lender’s Swingline Loans Exposure then outstanding, does not exceed the amount of such Lender’s Lendex’x Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The TheSubject to Section 2.16, the Revolving Loans may from time to time be Eurodollar EurodollarTerm SOFR Loans or ABR Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(ba) The applicable Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving 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; provided, that that, after giving effect thereto, the aggregate amount Total Revolving Extensions of Revolving Loans made on the Closing Date Credit then outstanding shall not exceed $5,000,000 the lesser of (which shall not include i) if the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Borrowing Base is in effect on the date the Revolving Loan is made, the Borrowing Base on such date or (ii) the Total Revolving Commitments at such time. During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans 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 ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.123.3.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Revolving Commitments. (a) Subject During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) Loans to the Borrower in Dollars from time to time during the Revolving 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 that will not result in (i) the L/C Obligations then outstanding and such Lendex’x Revolving Exposure exceeding its Revolving Commitment or (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount Total Utilization of Revolving Loans made on Commitments exceeding the Closing Date shall not exceed $5,000,000 lesser of (which shall not include A) the Existing Letters of Maximum Credit which are deemed to be outstanding under this Agreement and (B) the Borrowing Base then in effect. Amounts borrowed pursuant to this Section 3.9). During the Revolving Commitment Period2.1(a) that are repaid or prepaid may, the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with subject to the terms and conditions hereof, be reborrowed during the Revolving Commitment Period. The Each Lender’s Revolving Commitment shall terminate on the Maturity Date. Notwithstanding anything to the contrary set forth herein, subject to the terms and conditions set forth in this Agreement, any Revolving Loans may from time made to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified shall be made solely in conjunction with amounts set forth in the Approved Budgets (subject to Permitted Variances); provided, that no proceeds of any Revolving Loans shall be used for the payment of non-PNC Bank related professional fees or other non-operating disbursements as listed on the applicable Approved Budget (subject to the Administrative Agent Carve Out in accordance with Sections 2.5 and 2.12all respects).
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Restructuring Support Agreement (QualTek Services Inc.)
Revolving Commitments. (a) Subject to If the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to Administrative Agent notifies the Borrower in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount Parent at any one time outstanding whichthat the Total Revolving Outstandings at such time exceed the Aggregate Revolving Commitments then in effect (and, when added to in the case of any such Lender’s Revolving Percentage excess resulting from exchange rate fluctuations, such excess continues for a period of three (3) consecutive Business Days), then, within two Business Days after receipt of such notice, the sum of (i) Borrowers shall prepay Loans and/or Cash Collateralize the L/C Obligations then outstanding and (ii) the in an aggregate principal amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Swingline Loans Aggregate Revolving Commitments then outstanding, does not exceed the amount of such Lender’s Revolving Commitmentin effect; provided, that however, that, subject to the aggregate amount provisions of Section 2.03(g), the Borrowers shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.08(b)(i) unless after the prepayment in full of the Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect. All amounts required to be paid pursuant to this Section 2.08(b) shall be applied first, ratably to the L/C Borrowings and the Swing Line Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations. Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans made and then to Eurocurrency Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.08(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the Closing Date shall not exceed $5,000,000 (which shall not include principal amount prepaid through the Existing Letters date of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12prepayment.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Brightpoint 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 in Dollars from time to time during the Revolving 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 the aggregate outstanding amount of Revolving Percentage Loans, Swingline Loans, the aggregate undrawn amount of all outstanding Letters of Credit and the sum aggregate amount of (i) the all L/C Obligations then outstanding and (ii) the aggregate principal amount Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Swingline Loans then outstandingBorrower and owing to such Lender, does not exceed the amount of such Lender’s 's Revolving Commitment; provided, that the . Such aggregate amount of Revolving Loans made on the Closing Date Obligations shall not exceed $5,000,000 (which the Total Revolving Commitments at such time and any excess shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)repaid upon demand. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.122.8.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. 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 Revolving Loans on the Revolving Termination Date.
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”"REVOLVING LOANS") to the Borrower in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof; PROVIDED, that the sum of the Total Revolving Extensions of Credit plus the aggregate principal amount of outstanding Competitive Loans at any time shall not exceed the Total Revolving Commitments. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 SECTIONS 2.2 and 2.122.9.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Maturity Date.
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 in Dollars from time to time during the Revolving --------------- 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; provided, provided that the Revolving Lenders shall have no -------- obligation to make any Revolving Loan if, after giving effect to such Revolving Loan, the aggregate outstanding principal amount of the Revolving Loans made on and the Closing Date shall not Swingline Loans would exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Revolving Loan Commitment. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12, 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.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans, the aggregate undrawn Dollar Equivalent amount of all outstanding Letters of Credit, and the aggregate Dollar Equivalent amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans then outstandingor Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven (7) SOFR Borrowings outstanding at any time.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.. ny-2508035
Appears in 1 contract
Samples: Credit Agreement (Appian Corp)
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 in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving 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 ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 3.2 and 2.124.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
(c) On the Closing Date, the Revolving Loans outstanding under the Existing Credit Agreement, as amended and restated hereby, shall be continued hereunder subject to Section 6.1(c).
Appears in 1 contract
Samples: Credit Agreement (Donnelley R H Inc)
Revolving Commitments. (a) Subject to On the terms and subject to the conditions hereofof this Agreement, the Lenders severally agree to make Revolving Loans as set forth below: Revolving Commitments. From time to time on any Business Day occurring during the Revolving Commitment Period, each Revolving Lender severally agrees to make revolving credit loans (relative to such Lender, its “Revolving Loans”) to the Borrower in Dollars from time to time during the Revolving Commitment Period in an aggregate a principal amount at any one time outstanding which, when added equal to such Lender’s Revolving Percentage of the sum aggregate amount of each Borrowing of Revolving Loans requested by the Borrower to be made on such day; provided, however, that no Lender shall be permitted or required to make any Revolving Loan if, after giving effect thereto, (i) the L/C Obligations then outstanding and (iix) the aggregate outstanding principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment; provided, that Loans would exceed such Lender’s Revolving Commitment or (y) the aggregate outstanding principal amount of all Revolving Loans made on would exceed the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Revolving Commitment Amount. During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowingborrow, prepaying the Revolving Loans prepay (in whole or in part, ) and reborrowingreborrow the Revolving Loans, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Revolving Loans or ABR Revolving Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 Section 2.3 and 2.12Section 2.4.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Revolving Commitments. (a) Subject to the terms and conditions hereof, (i) each US$ Revolving Lender severally agrees to make revolving credit loans in Dollars (“US$ Revolving Loans”) to the Borrower in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s US$ Revolving Percentage of the sum of (ix) the L/C Obligations then outstanding and (iiy) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s US$ Revolving Commitment and (ii) each Multicurrency Revolving Lender severally agrees to make revolving credit loans in Dollars and each Alternative Currency (“Multicurrency Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed such Lender’s Multicurrency Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 or, in the case of Revolving Loans denominated in Dollars, ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s (i) Revolving Percentage of the sum of (i) the L/C Obligations then aggregate outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstandingand (ii) L/C Exposure, does not exceed the amount of such Lender’s Lendex’x Revolving Commitment; provided. In addition, that (i) the aggregate amount Total Revolving Extensions of Credit shall not at any time exceed the Total Revolving Loans made Commitments in effect at such time and (ii) borrowings under the Revolving Commitments on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Initial Revolving Borrowing. During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying 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 EurodollarSOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving 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; provided. In addition, that the aggregate amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Available Revolving Commitments then in effect. During the Revolving Commitment Period, the Borrower may use the Available Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowingborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.11. 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.
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 in Dollars Borrower, from time to time during the Revolving Commitment Period Period, in an aggregate principal amount at any one time outstanding which, when added to the amount equal to such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount such Lender’s Revolving Percentage of the Swingline Swing Line Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment; provided. No Lender shall be obligated to make a Revolving Loan if, that after giving effect to such Revolving Loan, the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters Extensions of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)exceed the Total Revolving Commitments. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 LIBOR Loans or ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.3 and 2.122.8.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (TrueBlue, 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 U.S. Borrower in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when the Dollar Equivalent thereof is added (after giving effect to any application of proceeds of such Lender’s Revolving Percentage of Loans pursuant to Section 2.6) to the sum of (i) such Lxxxxx’s Revolving Percentage of the L/C Obligations then outstanding and (ii) the aggregate principal amount of the such Lxxxxx’s Swingline Loans Exposure then outstanding, does not exceed the amount of such LenderLxxxxx’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans denominated in Dollars may from time to time be Eurodollar EurodollarTerm Benchmark Loans or, ABR Loans or ABR (subject to 2.16) RFR Loans, as determined by the U.S. Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 LoansCredit Loan”) in U.S. Dollars to the Borrower in Dollars from time to time during the Revolving Credit 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 so long as after giving effect thereto (i) the L/C Obligations then outstanding Available Revolving Credit Commitment of each Lender with a Revolving Credit Commitment is greater than or equal to zero, and (ii) the aggregate principal amount Aggregate Revolving Credit Outstanding of the Swingline Loans then outstanding, all Lenders does not exceed the amount Aggregate Revolving Credit Commitments and (iii) the Aggregate Revolving Credit Outstanding of such Lender’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall all Lenders does not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Borrowing Base. During the Revolving Credit Commitment Period, Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
(b) The Revolving Credit Loans may from time to time be (i) Eurodollar Loans, (ii) Prime Loans or ABR Loans(iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 subsections 2.2 and 2.12.
(b) The Borrower 4.2, provided, that, no Revolving Credit Loan shall repay all outstanding Revolving Loans on be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Napco Security Technologies, Inc)
Revolving Commitments. (a) Subject During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) Loans to the Borrower in Dollars from time to time during the Revolving 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 that will not result in (i) the L/C Obligations then outstanding and such Xxxxxx’s Revolving Exposure exceeding its Revolving Commitment or (ii) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount Total Utilization of Revolving Loans made on Commitments exceeding the Closing Date shall not exceed $5,000,000 lesser of (which shall not include A) the Existing Letters of Maximum Credit which are deemed to be outstanding under this Agreement and (B) the Borrowing Base then in effect. Amounts borrowed pursuant to this Section 3.9). During the Revolving Commitment Period2.1(a) that are repaid or prepaid may, the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with subject to the terms and conditions hereof, be reborrowed during the Revolving Commitment Period. The Each Lender’s Revolving Commitment shall terminate on the Maturity Date. Notwithstanding anything to the contrary set forth herein, subject to the terms and conditions set forth in this Agreement, any Revolving Loans may from time made to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified shall be made solely in conjunction with amounts set forth in the Approved Budgets (subject to Permitted Variances); provided, that no proceeds of any Revolving Loans shall be used for the payment of non-PNC Bank related professional fees or other non-operating disbursements as listed on the applicable Approved Budget (subject to the Administrative Agent Carve Out in accordance with Sections 2.5 and 2.12all respects).
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Debtor in Possession Abl Credit and Guaranty Agreement (QualTek Services 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 in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. 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.
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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn amount of all outstanding Letters of Credit, and the Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans then outstandingor Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13. Borrowings of more than one Type may be outstanding at the same time.
(b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances) on the Revolving Termination Date.. sf-5589619
Appears in 1 contract
Revolving Commitments. (a) Subject to the terms and conditions hereofof this Agreement, each Revolving Lender Bank severally agrees to make revolving credit loans (“Revolving Loans”) advances to the Borrower in Dollars from time to time during from and including the Closing Date to but excluding the Revolving Commitment Period Termination Date in an aggregate principal amount at any one time outstanding whichup to but not exceeding the amount of such Bank's Revolving Commitment as then in effect; provided, when added however, (a) the Outstanding Revolving Credit applicable to a Bank shall not at any time exceed such Lender’s Bank's Revolving Percentage of Commitment, (b) the sum Outstanding Revolving Credit shall not at any time exceed the lesser of (i) the L/C Obligations then outstanding and aggregate Revolving Commitments or (ii) the aggregate principal Borrowing Base, and (c) the amount of the Swingline Loans then outstanding, does Outstanding Revolving Credit supported by Eligible Inventory shall not exceed $3,500,000 at any time. Subject to the foregoing limitations, and the other terms and provisions of this Agreement, the Borrower may borrow, prepay, and reborrow hereunder the amount of such Lender’s the Revolving CommitmentCommitments and may establish Prime Rate Accounts and Libor Accounts thereunder and, until the Termination Date, the Borrower may Continue Libor Accounts established under the Revolving Loans or Convert Accounts established under the Revolving Loans of one Type into Accounts of the other type; provided, however, that at no time shall Revolving Loans subject to Libor Accounts exceed the aggregate amount of Eight Million Dollars ($8,000,000). Accounts of each Type under the Revolving Loan made by each Bank shall be established and maintained at such Bank's Applicable Lending Office for Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12such Type.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Jotan Inc)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars (“Revolving Loans”) to the Borrower in Dollars from time to time during the Revolving 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; provided, provided that the aggregate amount failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender from its obligations to make Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)hereunder. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Inamed Corp)
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 in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12, 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.
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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn amount of all outstanding Letters of Credit, and the Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans then outstandingor Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13.
(b) The Borrower shall repay all outstanding Revolving Loans (including, without limitation, all Overadvances to the extent not previously repaid) on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Fastly, Inc.)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (the “Revolving Loans”) to the Borrower in Dollars from time to time during the Revolving 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, which does not exceed the amount of such Lender’s Revolving Commitment; provided, that the aggregate amount of such Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include be due and payable until the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Maturity Date. During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Fed Funds Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.122.5.
(b) The Borrower shall repay all outstanding Revolving Loans on the Maturity Date. On the Commitment Termination Date, the Borrower agrees to pay a fee to the Administrative Agent, for the account of the Lenders, in an amount equal to the product of (x) 0.25% and (y) the principal amount of the Revolving Loans outstanding on the Commitment Termination Date.
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 in Dollars from time to time during the Revolving 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 LC 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; provided, provided that the aggregate amount of Revolving Loans made no more than $100.0 million may be borrowed on the Closing Date shall not exceed $5,000,000 (which shall not include to fund the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Acquisition. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Davita Inc)
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 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 LenderXxxxxx’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower Revolving Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying 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 ABR Loans, as determined by the applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. 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, together with accrued and unpaid interest on the Revolving Loans, to but excluding the date of payment.
Appears in 1 contract
Samples: Credit Agreement (CLARIVATE PLC)
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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans then outstandingLoans, the aggregate undrawn amount of all outstanding 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; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 the lesser of (which shall not include i) the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments at such time and (ii) the Borrowing Base at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Global Telecom & Technology, 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 Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such LenderXxxxxx’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 LenderXxxxxx’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower Borrowers may use the Revolving Commitments by borrowing, repaying or prepaying 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 EurocurrencyTerm Benchmark Loans or ABR Loans, as determined by the Borrower Representative and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower Borrowers shall repay all outstanding Revolving Loans on the Revolving Termination Date, together with accrued and unpaid interest on the Revolving Loans, to but excluding the date of payment.
(c) The Obligations of the Borrowers in respect of the Revolving Loans, whether on account of principal, interest, fees or otherwise, are joint and several.
Appears in 1 contract
Samples: First Lien Credit Agreement (Powerschool Holdings, 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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans then outstandingLoans, the aggregate undrawn amount of all outstanding 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 LenderXxxxxx’s Revolving Commitment; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13. Borrowings of more than one Type may be outstanding at the same time; provided that, there shall not be more than a total of seven SOFR Borrowings outstanding at any time.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Maturity Date.
Appears in 1 contract
Samples: Credit Agreement
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 in Dollars Borrowers from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, the each 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 ABR Base Rate Loans, as determined by the Borrower Borrowers and notified to the Administrative Agent in accordance with Sections 2.5 3.2 and 2.124.
(b) The Each Borrower shall agrees to repay all outstanding Revolving Loans made to such Borrower on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Aveta Inc)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars (“"Revolving Loans”") to the Borrower in Dollars from time to time during the Revolving 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; provided, provided that the aggregate amount failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender from its obligations to make Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)hereunder. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Inamed Corp)
Revolving Commitments. (ai) Subject to the terms and conditions hereof, each Lender holding an Initial Revolving Lender Commitment severally agrees to make revolving credit loans (together, the “Initial Revolving Loans”) to the Borrower in Dollars from time to time during the Initial Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such LenderXxxxxx’s Revolving Commitment Percentage of the sum of (i) the then outstanding L/C Obligations and the then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstandingSwing Line Loans, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Commitment then in effect. During the Initial Revolving Commitment Period, the Borrower may use the Initial Revolving Commitments by borrowing, prepaying the Initial Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. .
(ii) The Revolving Loans shall be made in Dollars and, subject to subsection 3.7, may from time to time be Eurodollar (i) EurocurrencyTerm Benchmark Loans, (ii) ABR Loans or ABR Loans(iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 subsections 2.2 and 2.123.2; provided that no Revolving Loan shall be made as a EurocurrencyTerm Benchmark Loan after the day that is one month prior to the applicable Maturity Date therefor.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Frontdoor, 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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans, the Dollar Equivalent of the aggregate undrawn amount of all outstanding Letters of Credit, and the Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans then outstandingor Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 EurodollarSOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13.
(b) The Borrower shall repay all outstanding Revolving Loans (including, without limitation, all Overadvances to the extent not previously repaid) on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Fastly, 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 in Dollars from time to time during the Revolving 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; provided, that that, the aggregate amount of Revolving Loans made on the Closing Date Borrower shall not exceed $5,000,000 (which request, and no Revolving Lender shall not include make, any Revolving Loan if, after giving effect to the Existing Letters making of such Revolving Loan, the Aggregate Extensions of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)would exceed the Borrowing Base. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Delphi Corp)
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”"REVOLVING LOANS") to the Borrower in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12, PROVIDED that no Revolving Loan shall be made as a Eurodollar Loan with an Interest Period which ends after the Revolving Termination Date.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving 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; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9). During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. Notwithstanding the foregoing, in no event shall Revolving Loans in excess of $30,000,000 be made on the Closing Date.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
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 in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s the aggregate outstanding amount of any Revolving Percentage Loans, any Swingline Loans, the aggregate undrawn amount of all outstanding Letters of Credit and the sum aggregate amount of (i) the all L/C Obligations then outstanding and (ii) the aggregate principal amount Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Swingline Loans then outstandingBorrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment; provided. In addition, that the aggregate amount of the Total Revolving Loans made on the Closing Date Extensions of Credit outstanding at such time shall not exceed $5,000,000 the lesser of (which shall not include i) the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time, and (ii) during a Borrowing Base Period, the Borrowing Base in effect at such time. During the Revolving Commitment Period, the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.122.9.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Enernoc 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 in Dollars from time to time during the Revolving 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 outstanding amount of the Swingline Loans, the aggregate undrawn amount of all outstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans then outstandingor Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment; provided. In addition, that the such aggregate amount of Revolving Loans made on the Closing Date obligations shall not at any time exceed $5,000,000 (which shall not include the Existing Letters of Credit which are deemed to be outstanding under this Agreement pursuant to Section 3.9)Total Revolving Commitments in effect at such time. During the Revolving Commitment Period, Period the Borrower may use the Revolving Commitments by borrowing, prepaying 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 ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.13.
(b) The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Maturity Date.
Appears in 1 contract