Common use of Revolving Commitments Clause in Contracts

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding 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 Extensions of Credit exceeding the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving Commitments. During the Revolving Commitment 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 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.

Appears in 6 contracts

Samples: Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.), Credit Agreement (Avis Budget Group, Inc.)

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Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in the Dollar Equivalent of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of such Lender’s Revolving Extensions of Credit exceeding the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment 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 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.

Appears in 6 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 or any Subsidiary Borrower in Agreed Currencies from time to time during the Revolving Commitment Availability Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in which, (i) the outstanding principal amount of when added to such Lender’s Revolving Extensions Percentage of Credit exceeding the L/C Obligations then outstanding, subject to Sections 1.3 and 4.2(h), does not exceed the amount of such Lender’s Revolving Commitment or and (ii) subject to Section 1.3 and 4.2(h), will not result in the Total Dollar Amount of any Lender’s Revolving Extensions of Credit Exposure and L/C Exposure, in each case denominated in Foreign Currencies, exceeding the aggregate Revolving CommitmentsForeign Currency Sublimit. During the Revolving Commitment Availability Period the Borrower and any Subsidiary Borrower may use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be 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 3.2 and 2.124.3. Subject to Section 3.15, each Revolving Loan shall be comprised entirely of ABR Loans or Eurocurrency Loans as the Borrower may request in accordance herewith; provided that each ABR Loan shall only be denominated only made in Dollars. 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 (and in the case of an Affiliate, the provisions applicable to a Lender of Revolving Loans hereunder shall apply to such Affiliate to the same extent as to such Lender); provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

Appears in 6 contracts

Samples: Credit Agreement (On Semiconductor Corp), Credit Agreement (On Semiconductor Corp), Credit Agreement (On Semiconductor Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower in Dollars from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of such Lender’s Revolving Extensions of Credit exceeding the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or Commitment; provided, that the aggregate amount of Revolving Loans made on the Closing Date shall not exceed $5,000,000 (ii) which shall not include the Total Revolving Extensions Existing Letters of Credit exceeding the aggregate Revolving Commitmentswhich 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 Eurocurrency Eurodollar 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.

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 (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in Lender’s (i) Revolving Percentage of the aggregate outstanding principal amount of such Lender’s Revolving Extensions of Credit exceeding the Swingline Loans and (ii) L/C Exposure, does not exceed the amount of such Lender’s Revolving Commitment or Commitment. In addition, (iii) the Total Revolving Extensions of Credit exceeding shall not at any time exceed the aggregate Total Revolving CommitmentsCommitments in effect at such time and (ii) borrowings under the Revolving Commitments on the Closing Date shall not exceed the Initial Revolving Borrowing. 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 Eurocurrency Eurodollar 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 2.122.13. ABR The Borrower shall repay all outstanding Revolving Loans shall be denominated only in Dollarson 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”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the aggregate outstanding principal amount of any Revolving Loans, any 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, incurred on behalf of the Borrower and owing to such Lender’s Revolving Extensions of Credit exceeding , does not exceed the amount of such Lender’s Revolving Commitment or (ii) Commitment. In addition, the amount of the Total Revolving Extensions of Credit exceeding outstanding at such time shall not exceed the aggregate Total Revolving CommitmentsCommitments in effect at such time. During the Revolving Commitment 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 Eurocurrency Eurodollar 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 2.122.13. ABR Loans shall Notwithstanding anything to the contrary contained herein, during the existence of a Default or an Event of Default, no Revolving Loan may be denominated only in Dollarsborrowed as, converted to or continued as a Eurodollar Loan.

Appears in 4 contracts

Samples: Credit Agreement (Alarm.com Holdings, Inc.), Credit Agreement (Everyday Health, Inc.), Credit Agreement (Alarm.com Holdings, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower and/or the Co-Borrower, as the case may be, from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result which, when added (after giving effect to any application of proceeds of such Borrowing Revolving Loans pursuant to Section 2.6(b)) in to the sum of (i) the outstanding principal amount of such Lender’s Revolving Extensions Percentage of Credit exceeding the L/C Obligations then outstanding, (ii) such Lender’s Swingline Exposure then outstanding and (iii) the Dollar Equivalent of the aggregate principal amount of the Foreign Currency Loans of such Lender then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary the Co-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 Eurocurrency Eurodollar Loans or ABR Loans, as determined by the Borrower or any Subsidiary Borrower the Co-Borrower, as applicable, and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Loans shall be denominated only in Dollars.

Appears in 3 contracts

Samples: Credit Agreement (Allscripts Healthcare Solutions, Inc.), Credit Agreement (Allscripts Healthcare Solutions, Inc.), Credit Agreement (Allscripts Healthcare Solutions, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result which, when added (after giving effect to any application of proceeds of such Borrowing Revolving Loans pursuant to Section 2.6(b)2.6 or to reimburse the Issuing Lender pursuant to Section 3.5) in to the sum of (i) the outstanding principal amount of such Lender’s Revolving Extensions Percentage of Credit exceeding the L/C Obligations then outstanding and (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment 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 Eurocurrency Eurodollar 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.

Appears in 3 contracts

Samples: First Lien Credit Agreement (Bioventus Inc.), Credit Agreement (Bioventus Inc.), Amendment and Restatement Agreement (Bioventus 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”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the aggregate outstanding principal 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 or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender’s Revolving Extensions of Credit exceeding , does not exceed the amount of such Lender’s Revolving Commitment or (ii) Commitment. In addition, such aggregate obligations shall not at any time exceed the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitments in effect at such time. During the Revolving Commitment 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 Eurocurrency Eurodollar 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 Dollars2.13.

Appears in 3 contracts

Samples: Credit Agreement (Nerdwallet, Inc.), Credit Agreement (Nerdwallet, Inc.), Credit Agreement (Nerdwallet, 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 Revolving Borrowers in Dollars and or in any Optional Currency to the Borrower one or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount aggregate Outstanding Amount of L/C Obligations at such Lender’s Revolving Extensions time and (ii) the aggregate Outstanding Amount of Credit exceeding the Swingline Loans at such time, does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary 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 Eurocurrency Loans or or, with respect to Revolving Loans denominated in Dollars, ABR Loans, as determined by the Borrower or any Subsidiary applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Loans shall be denominated only in Dollars.

Appears in 3 contracts

Samples: Credit Agreement (CLARIVATE PLC), 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 (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding (except to the extent that such Lender’s Revolving Extensions of Credit exceeding Loans are to be applied to repay outstanding Swingline Loans), does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment 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 Eurocurrency Eurodollar 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 Revolving Loans outstanding under the Existing Credit Agreement on the Amendment Effective Date and not repaid on such date shall be denominated only in Dollarscontinue thereafter hereunder with the same respective Interest Periods.

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") in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving --------------- Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender's Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of such Lender’s Revolving Extensions the Swingline Loans then outstanding, does not exceed the lesser of Credit exceeding (a) the amount of such Lender’s 's Revolving Commitment or and (iib) such Lender's Revolving Percentage of the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsBorrowing Base then in effect. During the Revolving Commitment 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 Eurocurrency Eurodollar 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 2.2 and 2.12. ABR Loans shall be denominated only in Dollars2.9.

Appears in 2 contracts

Samples: Credit Agreement (Lexar Media Inc), Guarantee and Collateral Agreement (Lexar Media Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans ("Revolving Loans") in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender's Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of such Lender’s Revolving Extensions of Credit exceeding the Swingline Loans then outstanding, does not exceed the amount of such Lender’s 's Revolving Commitment or (ii) Commitment; provided, that after giving effect to such Revolving Loans, the Total Revolving Extensions of Credit exceeding would not exceed the aggregate Total Revolving Commitments. During the Revolving Commitment Period the Borrower and any Subsidiary Borrower Borrowers may use the Revolving Commitments by borrowing, prepaying repaying 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 Eurocurrency Eurodollar Loans or ABR Loans, as determined by the Borrower or any Subsidiary relevant Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Loans shall be denominated only in Dollars2.13.

Appears in 2 contracts

Samples: Credit Agreement (Interstate Bakeries Corp/De/), Credit Agreement (Interstate Bakeries Corp/De/)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will that does 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 Extensions of Credit exceeding exceed the amount of such Lender’s Revolving Commitment or Commitment; provided, however, that after giving effect to any borrowing of Revolving Loans, (i) the aggregate principal amount of Revolving Loans and Swing Line Loans outstanding shall not exceed the Total Revolving Commitments and (ii) the Total aggregate principal amount of Revolving Extensions Loans outstanding of Credit exceeding any Lender, plus such Lender’s Revolving Percentage of the aggregate outstanding amount of all Swing Line Loans shall not exceed such Lender’s Revolving CommitmentsCommitment. 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 Eurocurrency Eurodollar Loans or ABR Base Rate Loans, as determined by the Borrower or any Subsidiary Borrower and notified to the Administrative Agent in accordance with Sections 2.5 2.2 and 2.122.6. ABR All borrowings of Revolving Loans made on the Closing Date shall be denominated only in Dollarsmade as Base Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Novellus Systems Inc), Credit Agreement (Novellus Systems Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding L/C Obligations then outstanding, (ii) the aggregate principal amount of such Lender’s the Swingline Loans then outstanding and (iii) the aggregate principal amount of the Revolving Extensions Loans (including the Dollar Equivalent of Credit exceeding Foreign Currency Loans) then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment 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 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 Dollars2.13.

Appears in 2 contracts

Samples: Credit Agreement (Wolverine World Wide Inc /De/), Credit Agreement (Wolverine World Wide Inc /De/)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars (together with the Swingline Loans and Multicurrency Loans, “Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or and any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result which, when added (after giving effect to any application of proceeds of such Borrowing Revolving Loans pursuant to Section 2.6(b)2.6) in (i) to such Revolving Lender’s Revolving Percentage of the outstanding aggregate principal amount of such Lender’s Revolving Extensions of Credit exceeding the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment 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 Eurocurrency Eurodollar Loans or ABR Loans, as determined by the Borrower or and 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.

Appears in 2 contracts

Samples: Credit Agreement (Synopsys Inc), Guarantee Agreement (Synopsys 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”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding aggregate principal amount of any then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn amount of all then 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’s Revolving Extensions of Credit exceeding , does not exceed the amount of such Lender’s Revolving Commitment or (ii) Commitment. In addition, the amount of the Total Revolving Extensions of Credit exceeding outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the aggregate Available Revolving CommitmentsCommitments then in effect. During the Revolving Commitment Period Period, the Borrower and any Subsidiary 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 Eurocurrency Eurodollar 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 2.122.13. ABR Loans shall Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be denominated only in Dollarsborrowed as, converted to or continued as a Eurodollar Loan.

Appears in 2 contracts

Samples: Credit Agreement (Extreme Networks Inc), Credit Agreement (Extreme Networks Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans denominated in U.S. Dollars (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower Borrowers, in each case from time to time at such Borrower’s request during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application the sum of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount of such Lender’s Revolving Extensions Percentage of Credit exceeding the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans then outstanding and (ii) such Lender’s Swingline Exposure then outstanding (which, in the case of the Swingline Lender, shall be the aggregate principal amount of all Swingline Loans outstanding at such time less the participation amounts otherwise funded by the Revolving Lenders other than a Swingline Lender) does not exceed the amount of such Lender’s Revolving Commitment or (ii) Commitment, after giving effect to the Total use of proceeds of any Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsLoans to repay any Swingline Loans. During the Revolving Commitment Period the Borrower and any Subsidiary each 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 Eurocurrency Term Benchmark Loans or ABR Loans, as determined by the Borrower or any Subsidiary applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Loans shall be denominated only in Dollars2.7 or 2.14, or pursuant to Section 2.18, RFR Loans.

Appears in 2 contracts

Samples: Credit Agreement (Neogen Corp), Credit Agreement (Garden SpinCo 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”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect for each Revolving Lender which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount of such Revolving Lender’s Revolving Extensions of Credit exceeding L/C Exposure and/or any Swingline Loans, if any, at such time, does not exceed the amount of such Revolving Lender’s Revolving Commitment or (ii) Commitment; provided, that the Total Revolving Extensions of Credit exceeding outstanding at such time, after giving effect to the aggregate making of such Revolving CommitmentsLoans, shall not exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment 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 Eurocurrency Eurodollar 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 2.122.13. ABR Loans shall Notwithstanding anything to the contrary contained herein, during the existence of a Default or an Event of Default, no Revolving Loan may be denominated only in Dollarsborrowed as, or converted to or continued as a Eurodollar Loan.

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 (“Revolving Loans”) in Dollars and in any Optional Currency Loans to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added 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 Extensions Percentage of Credit exceeding the L/C Obligations then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or (ii) Commitment; provided that any time after the occurrence and during the continuance of a Partial Trigger Event, the Borrower may not borrow any Revolving Loans if after giving effect to such Revolving Loans the Total Revolving Extensions of Credit exceeding would exceed $100,000,000 (provided that this shall not be a condition precedent with respect to the aggregate Revolving Commitmentsissuance of any Letter of Credit to the 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 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 Subject to Section 2.14, the Revolving Loans may from time to time be Eurocurrency Eurodollar 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 2.2 and 2.12. ABR Loans shall be denominated only in Dollars2.10.

Appears in 2 contracts

Samples: Credit Agreement (CorePoint Lodging Inc.), Guaranty and Security Agreement (CorePoint Lodging Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees (i) to make revolving credit loans denominated in Dollars (“Dollar Revolving Loans”) to the Borrowers and (ii) to make revolving credit loans denominated in one or more Foreign Currencies (“Foreign Currency Revolving Loans”; together with the Dollar Revolving Loans, the “Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower Borrowers, in each case from time to time at such Borrower’s request during the Revolving Commitment Period in an aggregate principal amount (based on, in the case of Foreign Currency Revolving Loans, the Dollar Equivalent of such Foreign Currency Revolving Loans) at any one time outstanding which will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the L/C Obligations with respect to Letters of Credit then outstanding and (ii) the aggregate principal amount of such Lender’s Revolving Extensions of Credit exceeding the Swingline Loans then outstanding does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary each 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 Dollar Revolving Loans may from time to time be Eurocurrency Eurodollar Loans or ABR Loans, as determined by the Borrower or any Subsidiary applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.122.7 and/or 2.14. ABR The Foreign Currency Revolving Loans shall be denominated only in DollarsEurodollar Loans.

Appears in 2 contracts

Samples: Collateral Agreement (Tenneco Inc), Credit Agreement (Tenneco Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower and/or the Co-Borrower, as the case may be, from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding L/C Obligations then outstanding, (ii) the aggregate principal amount of such Lender’s Revolving Extensions the Swingline Loans then outstanding and (iii) the Dollar Equivalent of Credit exceeding the aggregate principal amount of the Foreign Currency Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary the Co-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 Eurocurrency Eurodollar Loans or ABR Loans, as determined by the Borrower or any Subsidiary Borrower the Co-Borrower, as applicable, and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Loans shall be denominated only in Dollars.

Appears in 1 contract

Samples: Credit Agreement (Allscripts Healthcare Solutions, 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”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding aggregate principal amount of any then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn amount of all then 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’s Revolving Extensions of Credit exceeding , does not exceed the amount of such Lender’s Revolving Commitment or (ii) Commitment. In addition, the amount of the Total Revolving Extensions of Credit exceeding outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the aggregate Total Revolving CommitmentsCommitments then in effect. During the Revolving Commitment Period the Borrower and any Subsidiary 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 Eurocurrency Eurodollar 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 2.2 and 2.12. ABR Loans shall be denominated only in Dollars2.10.

Appears in 1 contract

Samples: Credit Agreement (ShoreTel 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 or in any Optional one or more Foreign Currencies (such Revolving Loans, “Foreign Currency Loans”) to the Borrower or any Subsidiary Borrower Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result which, when added (after giving effect to any application the use of proceeds thereof) to the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount of such Lender’s Revolving Extensions Percentage of Credit exceeding the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding, (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or and (iiiii) the Total Revolving Extensions of Credit exceeding outstanding at such time (including the aggregate Dollar Equivalent of any Revolving Extensions of Credit outstanding in currencies other than Dollars) does not exceed the Total Revolving Commitments. During the Revolving Commitment Period the Borrower and any Subsidiary 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 Eurocurrency Loans or (other than in the case of Foreign Currency Loans) ABR Loans, as determined by the Borrower or any Subsidiary applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Loans shall be denominated only in Dollars2.13.

Appears in 1 contract

Samples: Credit Agreement (Tempur Sealy International, 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”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding aggregate principal amount of any then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn amount of all then 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’s Revolving Extensions of Credit exceeding , does not exceed the amount of such Lender’s Revolving Commitment or (ii) Commitment. In addition, the amount of the Total Revolving Extensions of Credit exceeding outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the aggregate Available Revolving CommitmentsCommitments then in effect. During the Revolving Commitment Period Period, the Borrower and any Subsidiary 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 Eurocurrency Eurodollar 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 2.122.11. ABR Loans shall Notwithstanding anything to the contrary contained herein, during the existence and continuation of an Event of Default, no Revolving Loan may be denominated only in Dollarsborrowed as, converted to or continued as a Eurodollar Loan.

Appears in 1 contract

Samples: Credit Agreement (Extreme Networks 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 Revolving Borrowers in Dollars and or in any Optional Currency to the Borrower one or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount aggregate Outstanding Amount of L/C Obligations at such Lender’s Revolving Extensions time and (ii) the aggregate Outstanding Amount of Credit exceeding the Swingline Loans at such time, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary 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 Eurocurrency Loans or, with respect to Revolving Loans denominated in Dollars, Term SOFR Loans or ABR Loans, as determined by the Borrower or any Subsidiary applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Revolving Loans denominated in Sterling shall be denominated only in DollarsSterling Daily Rate Loans.

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 (“Revolving Loans”) to the Revolving Borrowers in Dollars and or in any Optional Currency to the Borrower one or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount aggregate Outstanding Amount of L/C Obligations at such Lender’s Revolving Extensions time and (ii) the aggregate Outstanding Amount of Credit exceeding the Swingline Loans at such time, does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary 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 Eurocurrency Loans or, with respect to Revolving Loans denominated in Dollars, Term SOFR Loans or ABR Loans, as determined by the Borrower or any Subsidiary applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Revolving Loans denominated in Sterling shall be denominated only in DollarsSterling Daily Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (CLARIVATE PLC)

Revolving Commitments. (a) Subject to the terms and conditions hereofcontained in this Agreement, each Revolving Lender severally agrees to make revolving credit loans in Dollars (each, a US Revolving LoansLoan”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary US Borrower from time to time on any Business Day during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will for all such loans by such Lender not result (after giving effect to exceed such Lender’s Revolving Commitment; provided, however, that at no time shall any application of proceeds of such Borrowing pursuant Lender be obligated to Section 2.6(b)) make a US Revolving Loan in (i) the outstanding principal amount excess of such Lender’s Pro Rata Share of the US Available Credit, subject in each case to the Administrative Agent’s authority, in its sole discretion, to make Protective Advances pursuant to the terms of Section 2.25. Within the limits of the Revolving Extensions Commitment of each Lender, amounts of US Revolving Loans repaid may be reborrowed under this Section 2.1. Borrowings under the Revolving Credit exceeding Facility are available to the amount US Borrower as Base Rate Loans, Eurodollar Rate Loans or Letters of such Credit. Each Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving Commitments. During shall expire on the Revolving Commitment Period Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Borrower Revolving Loans 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 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 paid in Dollarsfull no later than such date.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Zekelman Industries, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each US Dollar Revolving Lender severally agrees to make revolving credit loans to the Parent Borrower and to the Subsidiary Borrower in US Dollars ("US Dollar Revolving Loans") in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will which, when added to such US Dollar Lender's Revolving Percentage of the sum of the L/C Obligations then outstanding, does 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 Extensions of Credit exceeding exceed the amount of such Lender’s 's US Dollar Revolving Commitment (the "Revolving Loans"). Notwithstanding the above, in no event shall any Revolving Loan be made or (ii) Letter of Credit be issued, if, after giving effect to such making or issuance and the use of proceeds thereof as directed by the Parent Borrower or the Subsidiary Borrower, as the case may be, the Total Revolving Extensions of Credit exceeding would exceed the aggregate lesser of (i) the Total Revolving CommitmentsCommitments or (ii) the Borrowing Base as of the date of the most recent Borrowing Base Certificate furnished to the Administrative Agent pursuant to Section 5.1(m) or Section 6.2(f) hereof. During the Revolving Commitment Period Period, the Borrower and any Subsidiary 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 Eurocurrency Loans or ABR Alternate Base Rate Loans, as determined by the Parent Borrower or any the Subsidiary Borrower Borrower, as the case may be, and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Loans shall be denominated only in Dollars2.10.

Appears in 1 contract

Samples: Act Manufacturing 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”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in Lender’s (i) Revolving Percentage of the aggregate outstanding principal amount of such Lender’s Revolving Extensions of Credit exceeding the Swingline Loans and (ii) L/C Exposure, does not exceed the amount of such Lender’s Lendex’x Revolving Commitment or Commitment. In addition, (iii) the Total Revolving Extensions of Credit exceeding shall not at any time exceed the aggregate Total Revolving CommitmentsCommitments in effect at such time and (ii) borrowings under the Revolving Commitments on the Closing Date shall not exceed the Initial Revolving Borrowing. 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 Eurocurrency EurodollarSOFR 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 2.122.13. ABR The Borrower shall repay all outstanding Revolving Loans shall be denominated only in Dollarson the Revolving Termination Date.

Appears in 1 contract

Samples: 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”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount of such Lender’s pro rata share of the aggregate outstanding amount of any Revolving Extensions Loans, any Swingline Loans, the aggregate undrawn amount of Credit exceeding 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 or (ii) Commitment. In addition, the amount of the Total Revolving Extensions of Credit exceeding outstanding at such time shall not exceed the aggregate Total Revolving CommitmentsCommitments in effect at such time. During the Revolving Commitment 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 SF1 1952992 from time to time be Eurocurrency Eurodollar 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 Dollars2.11.

Appears in 1 contract

Samples: Credit Agreement (Demand Media Inc.)

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Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrowers in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Xxxxxx’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount aggregate Outstanding Amount of L/C Obligations at such Lender’s Revolving Extensions time and (ii) the aggregate Outstanding Amount of Credit exceeding the Swingline Loans at such time, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary 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 Eurocurrency Term SOFR Loans or ABR Loans, as determined by the Borrower or any Subsidiary Borrower Representative and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR The Borrowers shall repay all outstanding Revolving Loans shall be denominated only in Dollarson 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 Holding, Inc.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans ("Revolving Loans") in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender's Revolving Percentage of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding aggregate principal amount of such Lender’s Revolving Extensions of Credit exceeding the Swingline Loans then outstanding, does not exceed the amount of such Lender’s 's Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment 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; 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 Eurocurrency Eurodollar 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 2.2 and 2.12. ABR Loans shall be denominated only in Dollars2.9.

Appears in 1 contract

Samples: Revolving Credit Agreement (Homeside Lending Inc)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the aggregate outstanding principal amount of the Swingline Loans, 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’s Revolving Extensions of Credit exceeding , does not exceed the amount of such Lender’s Revolving Commitment or (ii) Commitment; provided that the Total Revolving Extensions of Credit exceeding shall in no event exceed the aggregate Total Revolving CommitmentsCommitment. 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 Eurocurrency Eurodollar 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 2.2 and 2.12. ABR Loans shall be denominated only in Dollars2.8.

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") in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender's Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of the Swingline Loans then outstanding (except to the extent that such Lender’s Revolving Extensions of Credit exceeding Loans are to be applied to repay outstanding Swingline Loans), does not exceed the amount of such Lender’s 's Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding Commitment; provided, that the aggregate principal amount of Revolving CommitmentsLoans made on the Closing Date shall not exceed $5,000,000. During the Revolving Commitment 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 Eurocurrency Eurodollar 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.

Appears in 1 contract

Samples: Credit Agreement (National Waterworks 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”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding aggregate principal amount of any then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn amount of all then 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’s Revolving Extensions of Credit exceeding , does not exceed the amount of such Lender’s Revolving Commitment or (ii) Commitment. In addition, the amount of the Total Revolving Extensions of Credit exceeding outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the aggregate Available Revolving CommitmentsCommitments then in effect. During the Revolving Commitment Period Period, the Borrower and any Subsidiary 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 Eurocurrency Eurodollar 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 2.122.11. ABR Loans shall Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be denominated only in Dollarsborrowed as, converted to or continued as a Eurodollar Loan.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Extreme Networks 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") in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender's Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of such Lender’s Revolving Extensions of Credit exceeding the Swingline Loans then outstanding, does not exceed the amount of such Lender’s 's Revolving Commitment or (ii) Commitment; provided that the Total failure of any Revolving Extensions of Credit exceeding the aggregate Lender to make any Revolving CommitmentsLoan required to be made by it shall not relieve any other Revolving Lender from its obligations to make Revolving Loans hereunder. During the Revolving Commitment 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 Eurocurrency Eurodollar Loans or ABR Base Rate 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.

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 (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding aggregate principal amount of any then outstanding Revolving Loans, any Swingline Loans, the aggregate undrawn amount of all then 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’s Revolving Extensions of Credit exceeding , does not exceed the amount of such LenderXxxxxx’s Revolving Commitment or (ii) Commitment. In addition, the amount of the Total Revolving Extensions of Credit exceeding outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the aggregate Available Revolving CommitmentsCommitments then in effect. During the Revolving Commitment Period Period, the Borrower and any Subsidiary 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 Eurocurrency SOFR 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 2.122.11. ABR Loans shall Notwithstanding anything to the contrary contained herein, during the existence and continuation of an Event of Default, no Revolving Loan may be denominated only in Dollarsborrowed as, converted to or continued as a SOFR Loan.

Appears in 1 contract

Samples: Credit Agreement (Extreme Networks 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 Revolving Borrowers in Dollars and or in any Optional Currency to the Borrower one or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount aggregate Outstanding Amount of L/C Obligations at such Lender’s Revolving Extensions time and (ii) the aggregate Outstanding Amount of Credit exceeding the Swingline Loans at such time, does not exceed the amount of such LenderLxxxxx’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary 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 Eurocurrency Loans or or, with respect to Revolving Loans denominated in Dollars, ABR Loans, as determined by the Borrower or any Subsidiary applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Revolving Loans denominated in Sterling shall be denominated only in DollarsSterling Daily Rate Loans.

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 (“Revolving Loans”, which shall be comprised of Extended Revolving Loans and Non-Extended Revolving Loans) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time at the Borrower’s request during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the L/C Obligations with respect to Revolving Letters of Credit then outstanding and (ii) the aggregate principal amount of such Lender’s Revolving Extensions of Credit exceeding the Swingline Loans then outstanding does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment 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 Eurocurrency Eurodollar 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 2.7 and/or 2.14. On and 2.12. ABR after the Fifth Amendment Effective Date (and without further action), all Revolving Loans shall first be denominated only in Dollarsmade under the Extended Revolving Facility, to the extent of availability thereunder, and then under the Non-Extended Revolving Facility, to the extent of availability thereunder.

Appears in 1 contract

Samples: Credit Agreement (Tenneco Inc)

Revolving Commitments. (a) Subject i)Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Revolving Borrowers in Dollars and or in any Optional Currency to the Borrower one or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount aggregate Outstanding Amount of L/C Obligations at such Lender’s Revolving Extensions time and (ii) the aggregate Outstanding Amount of Credit exceeding the Swingline Loans at such time, does not exceed the amount of such LenderXxxxxx’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary 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 Eurocurrency Loans or, with respect to Revolving Loans denominated in Dollars, Term SOFR Loans or ABR Loans, as determined by the Borrower or any Subsidiary applicable Revolving Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Revolving Loans denominated in Sterling shall be denominated only in DollarsSterling Daily Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (CLARIVATE PLC)

Revolving Commitments. (aiv) 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 and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result which, when the Dollar Equivalent thereof is added (after giving effect to any application of proceeds of such Borrowing Revolving Loans pursuant to Section 2.6(b)2.6) in to the sum of (i) the outstanding principal amount of such LenderLxxxxx’s Revolving Extensions Percentage of Credit exceeding the L/C Obligations then outstanding and (ii) such Lxxxxx’s Swingline Exposure then outstanding, does not exceed the amount of such LenderLxxxxx’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary 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 Eurocurrency EurodollarTerm Benchmark Loans or, ABR Loans or ABR (subject to 2.16) RFR Loans, as determined by the Borrower or any Subsidiary U.S. Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Loans shall be denominated only in Dollars.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Thermon Group Holdings, 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”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender’s Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of such Lender’s Revolving Extensions of Credit exceeding the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or (ii) Commitment; provided that the Total failure of any Revolving Extensions of Credit exceeding the aggregate Lender to make any Revolving CommitmentsLoan required to be made by it shall not relieve any other Revolving Lender from its obligations to make Revolving Loans hereunder. During the Revolving Commitment 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 Eurocurrency Eurodollar Loans or ABR Base Rate 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.

Appears in 1 contract

Samples: Credit Agreement (Inamed Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender with Initial Revolving Commitments severally agrees to make revolving credit loans (“Initial Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period for the Initial Revolving Commitments in an aggregate principal amount at any one time outstanding which will not result which, when added to such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Swingline Loans then outstanding, after giving effect to any application of proceeds the making of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount of such Lender’s Initial Revolving Extensions of Credit exceeding Loans, does not exceed the amount of such Lender’s Initial Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment 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 Eurocurrency Eurodollar Loans or ABR Loans, in each case, 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 Dollars2.13.

Appears in 1 contract

Samples: Credit Agreement (Mavenir Private Holdings II Ltd.)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result which, when added (after giving effect to any application of proceeds of such Borrowing Revolving Loans pursuant to Section 2.6(b)2.18) in to the sum of (i) to such Lender’s Revolving Percentage of the sum of (i) L/C Obligations then outstanding and (ii) the aggregate principal amount of such Lender’s Revolving Extensions of Credit exceeding Swingline LoansExposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment 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 Eurocurrency LIBOR Rate 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 2.2 and 2.12. ABR Loans shall be denominated only in Dollars2.7.

Appears in 1 contract

Samples: Second Extension Agreement (Westar Energy Inc /Ks)

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”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal 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’s Revolving Extensions of Credit exceeding , does not exceed the amount of such Lender’s Revolving Commitment or Commitment. In addition, such aggregate obligations shall not at any time exceed the lesser of (i) the Total Revolving Commitments at such time and (ii) the Total Borrowing Base at such time. No Revolving Extensions Extension of Credit exceeding shall be outstanding on the aggregate Closing Date. No portion of the Revolving CommitmentsLoans shall be funded with “plan assets” of any “benefit plan investor” within the meaning of Section 3(42) of ERISA. During the Revolving Commitment 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 Eurocurrency Eurodollar 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 Dollars2.13.

Appears in 1 contract

Samples: Credit Agreement (Cambium Networks 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”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower 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 will not result (after giving effect which, when added to any application of proceeds of such Borrowing pursuant to Section 2.6(b)) in (i) the aggregate outstanding principal amount of any Revolving Loans, any 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, incurred on behalf of the Borrower and owing to such Lender’s Revolving Extensions of Credit exceeding , does not exceed the amount of such Lender’s Revolving Commitment or (ii) Commitment. In addition, the amount of the Total Revolving Extensions of Credit exceeding outstanding at such time shall not exceed the aggregate lesser of (i) the Total Revolving CommitmentsCommitments in effect at such time, and (ii) the sum of (x) the Non-Formula Amount and (y) the Borrowing Base, each as in effect at such time. During the Revolving Commitment 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 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.

Appears in 1 contract

Samples: Credit Agreement (Radisys Corp)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result which, when added (after giving effect to any application the use of proceeds thereof) to the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the outstanding principal amount of such Lender’s Revolving Extensions Percentage of Credit exceeding the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Revolving Loans (including the Dollar Equivalent of Foreign Currency Loans) then outstanding and (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary 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 Eurocurrency Loans or ABR Loans, as determined by the Borrower or any Subsidiary applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Loans shall be denominated only in Dollars2.13.

Appears in 1 contract

Samples: Credit Agreement (Wolverine World Wide Inc /De/)

Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans ("Revolving Loans") in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result (after giving effect which, when added to any application such Lender's Revolving Percentage of proceeds the sum of such Borrowing pursuant to Section 2.6(b)) in (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of such Lender’s Revolving Extensions of Credit exceeding the Swingline Loans then outstanding, does not exceed the amount of such Lender’s 's Revolving Commitment or (ii) Commitment; provided, that, the Total Borrower shall not request, and no Revolving Lender shall make, any Revolving Loan if, after giving effect to the making of such Revolving Loan, the Aggregate Extensions of Credit exceeding would exceed the aggregate Revolving CommitmentsBorrowing Base. During the Revolving Commitment 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 Eurocurrency Eurodollar 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.

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”) to the U.S. Borrower in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result which, when the Dollar Equivalent thereof is added (after giving effect to any application of proceeds of such Borrowing Revolving Loans pursuant to Section 2.6(b)2.6) in to the sum of (i) the outstanding principal amount of such Lender’s Revolving Extensions Percentage of Credit exceeding the L/C Obligations then outstanding and (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary 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 Eurocurrency Eurodollar Loans or ABR Loans, as determined by the Borrower or any Subsidiary U.S. Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Loans shall be denominated only in Dollars.

Appears in 1 contract

Samples: Credit Agreement (Thermon Group 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 U.S. Borrower in Dollars and in any Optional Currency to the Borrower or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which will not result which, when the Dollar Equivalent thereof is added (after giving effect to any application of proceeds of such Borrowing Revolving Loans pursuant to Section 2.6(b)2.6) in to the sum of (i) the outstanding principal amount of such Lender’s Revolving Extensions Percentage of Credit exceeding the L/C Obligations then outstanding and (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment or (ii) the Total Revolving Extensions of Credit exceeding the aggregate Revolving CommitmentsCommitment. During the Revolving Commitment Period the Borrower and any Subsidiary 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 Eurocurrency Eurodollar Loans or ABR Loans, as determined by the Borrower or any Subsidiary U.S. Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.12. ABR Loans shall be denominated only in Dollars.

Appears in 1 contract

Samples: Credit Agreement (Thermon Group Holdings, Inc.)

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