Revolving Credit Facility Sample Clauses

Revolving Credit Facility. (a) Each Lender severally agrees, upon the terms and subject to the conditions herein set forth, to make Loans to the Borrower from time to time in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Ratable Share of the Letter of Credit Obligations then outstanding, and after giving effect to the proposed Loan and application of the proceeds thereof to the repayment of any outstanding Obligations, (A) does not exceed the amount of such Lender’s Commitment and (B) does not cause the Borrowing Base Availability to become less than zero. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans. (b) Subject to the terms hereof, the Revolving Credit Facility is available from the Closing Date to the Termination Date. The Commitments under the Revolving Credit Facility (or the applicable portion of the Commitments thereunder) will expire on the Termination Date therefor. (c) Notwithstanding Section 2.10(b) hereof, with respect to the Revolving Credit Facility or portion thereof, (1) any outstanding Loans thereunder and all other unpaid Obligations thereunder shall be paid in full by the Borrower on the Termination Date therefor (except to the extent that, pursuant to Article IV, Letters of Credit are permitted to have an expiration date later than such Termination Date); and (2) all outstanding Loans thereunder held by, and all other unpaid Obligations thereunder payable to, a Declining Lender thereunder shall be paid in full by the Borrower on its Declining Lender’s Termination Date applicable thereunder.

Revolving Credit Facility. (a) The Revolving Credit Lenders grant to the Borrower a revolving credit facility (the “Revolving Credit Facility”) pursuant to which, and upon the terms and subject to the conditions herein set forth: (i) each Revolving Credit Lender severally agrees to make Revolving Credit Ratable Loans to the Borrower in accordance with Section 2.2; (ii) each Revolving Credit Lender may, in its sole discretion, make bids to make Competitive Bid Loans to the Borrower in accordance with Section 2.3; and (iii) the Swing Line Lender agrees to make Swing Line Advances to the Borrower in accordance with Section 2.19. (b) The Revolving Credit Facility shall be subject to the following limitations: (i) In no event shall the sum of (i) the aggregate principal amount of all outstanding Revolving Credit Advances (including Revolving Credit Ratable Advances, Competitive Bid Advances and Swing Line Advances) plus (ii) the Facility Letter of Credit Obligations exceed the Aggregate Revolving Credit Commitment. (ii) In no event shall the outstanding principal amount of all outstanding Competitive Bid Advances exceed the Competitive Bid Sublimit. (iii) In no event shall the outstanding principal amount of all outstanding Swing Line Advances exceed the Swing Line Commitment. (c) Subject to the terms hereof, the Revolving Credit Facility is available from the date hereof to the Revolving Credit Facility Termination Date and, upon the Revolving Credit Facility Termination Date, the Revolving Credit Commitments to lend hereunder shall expire. The Revolving Credit Commitment of a Revolving Credit Declining Lender shall expire on its Revolving Credit Declining Lender’s Termination Date unless prior thereto such Revolving Credit Declining Lender elects, with the approval of the Borrower and the Administrative Agent, to extend its Revolving Credit Commitment to the Revolving Credit Facility Termination Date, which election and approval shall be evidenced by a written instrument in a form reasonably acceptable to and executed by such Revolving Credit Declining Lender, the Borrower, the Company and the Administrative Agent. Upon the execution and delivery of such written instrument, such Revolving Credit Lender shall cease to be a Revolving Credit Declining Lender. (d) Any outstanding Revolving Credit Advances and all other unpaid Revolving Credit Obligations shall be paid in full by the Borrower on the Revolving Credit Facility Termination Date (except to the extent that, pursuant to Article I...

Revolving Credit Facility. (i) Subject to the terms and conditions hereof, each Revolving Lender agrees to make available to Borrowers from time to time until the Commitment Termination Date its Pro Rata Share of advances (each, a "Revolving Credit Advance"

Revolving Credit Facility. (i) Subject to the terms and conditions hereof, each Lender agrees to make available to Borrower from time to time until the Commitment Termination Date its Pro Rata Share of advances (each, a "Revolving Credit Advance"). The Pro Rata Share of the Revolving Loan of any Lender shall not at any time exceed its separate Revolving Loan Commitment. The obligations of each Lender hereunder shall be several and not joint. Until the Commitment Termination Date, Borrower may borrow, repay and reborrow under this Section 1.1 (a); provided, that the amount of any Revolving Credit Advance to be made at any time shall not exceed Borrowing Availability at such time. Borrowing Availability may be reduced by Reserves imposed by Agent in accordance with the provisions of Sections 1.6 and 1.7, as applicable. Each Revolving Credit Advance shall be made on notice by Borrower to one of the representatives of Agent identified in Schedule 1.1 at the address specified therein. Any such notice must be given no later than (1) 11:00 a.m. (Chicago time) on the Business Day of the proposed Revolving Credit Advance, in the case of an Index Rate Loan, or (2) 11:00 a.m. (Chicago time) on the date which is 3 Business Days prior to the proposed Revolving Credit Advance, in the case of a LIBOR Loan. Each such notice (a "Notice of Revolving Credit Advance") must be given in writing (by telecopy or overnight courier) substantially in the form of Exhibit 1.1 (a) (i), and shall include the information required in such Exhibit and such other information as may be reasonably required by Agent. If Borrower desires to have the Revolving Credit Advances bear interest by reference to a LIBOR Rate, Borrower must comply with Section 1.5(e). (ii) Except as provided in Section 1.12, Borrower shall execute and deliver to each Lender a note to evidence the Revolving Loan Commitment of that Lender. Each note shall be in the principal amount of the Revolving Loan Commitment of the applicable Lender, dated the Closing Date and substantially in the form of Exhibit 1.1(a)(ii) (each a "Revolving Note" and, collectively, the "Revolving Notes"). Each Revolving Note shall represent the obligation of the Borrower to pay the amount of the applicable Lender's Revolving Loan Commitment or, if less, such Lender's Pro Rata Share of the aggregate unpaid principal amount of all Revolving Credit Advances to Borrower together with interest thereon as prescribed in Section 1.5. Subject to the provisions of Annex B with respec...

Revolving Credit Facility. 22 SECTION 2.1 Revolving Credit Loans........................................................ 22 SECTION 2.2 Swingline Loans.............................................................

Revolving Credit Facility. (a) On the terms and subject to the conditions herein set forth, including Article III, (i) each Class A Lender severally agrees to make loans to Borrower (each, a “Class A Committed Advance”) from time to time on any Business Day during the period from the Closing Date until but excluding the Termination Date, on a pro rata basis in each case based on and limited to the Percentage applicable to such Class A Lender and, as to all Class A Lenders, in an amount that would not cause the aggregate principal balance of the Class A Committed Advances to exceed the Class A Maximum Committed Available Amount as then in effect, and (ii) each Class B Lender severally agrees to make loans to Borrower (each, a “Class B Committed Advance” and, together with any Class A Committed Advance, a “Committed Advance”) from time to time on any Business Day during the period from the Closing Date until but excluding the Termination Date, on a pro rata basis in each case based on and limited to the Percentage applicable to such Class B Lender and, as to all Class B Lenders, in an amount that would not cause the aggregate principal balance of the Class B Committed Advances to exceed the Class B Maximum Committed Available Amount as then in effect; provided, however, that, in each case, except with respect to the initial Class A Committed Advance and initial Class B Committed Advance hereunder, the aggregate principal amount of any such Committed Advance shall not, by itself or when combined with the principal amounts of all Committed Advances made by the Lenders to the Borrower during the thirty (30) days immediately preceding the proposed Borrowing Date for such Class A Committed Advance or Class B Committed Advance, as applicable, exceed 50% of the Committed Facility Amount. No Lender shall make any Committed Advance or portion thereof if it would cause the aggregate outstanding principal amount of the Committed Advances to exceed the Maximum Committed Available Amount as then in effect.

Revolving Credit Facility. Subject to the terms and conditions hereof, during the period from the Effective Date to the Revolving Termination Date, each Lender severally agrees to make revolving loans (the "REVOLVING LOANS") to the Borrower in an aggregate principal amount at any time outstanding up to, but not exceeding the product of (a) and (b), with (a) being equal to (i) the Available Revolving Commitment at such time LESS (ii) the aggregate Stated Amounts of Letters of Credit outstanding at such time, and (b) being equal to such Lender's Credit Percentage; PROVIDED, however, that the Lenders will not be required and shall have no obligation to make any such loan (i) so long as a Default or an Event of Default has occurred and is continuing, or (ii) if the Agent has accelerated the maturity of any of the Notes as a result of an Event of Default. Subject to the terms and conditions of this Agreement, during the period from the Effective Date until but not including the Revolving Termination Date, the Borrower may borrow, repay and reborrow Revolving Loans; PROVIDED, however, that (y) no Revolving Loan that is an Eurodollar Rate Loan shall be made which has an Interest Period that extends beyond the Revolving Termination Date, and (z) each Revolving Loan that is an Eurodollar Rate Loan may, subject to the provisions of Section 2.12, be repaid only on the last day of the Interest Period with respect thereto unless such payment is accompanied by the additional payment, if any, required by Section 2.12. All Borrowings of Revolving Loans which are Eurodollar Rate Loans shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 thereof in excess of that amount and if such Loans are Base Rate Loans, shall be in the aggregate minimum amount of $250,000 and integral multiples of $100,000 thereof in excess of that amount. At no one time will there be outstanding more than eight (8) Eurodollar Rate Loans.

Revolving Credit Facility. Pall shall, effective as of August 6, 2002 (the "Credit ---------- Confidential materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote such omissions. Facility Date"), establish on its books a revolving credit facility of $5,000,000 in favor of Vitex (the "Credit Facility"). The Credit Facility shall expire at the close of the Business Day on the earlier of (i) Friday, August 1, 2003 or (ii) the date of the closing by Vitex of a financing of more than [*****] (the "Stated Expiry Date"). Vitex shall be authorized to draw on the Credit Facility at any time following the Credit Facility Date and until the close of business on the earlier of May 15, 2003 or the Stated Expiry Date, in accordance with the terms and conditions hereinafter set forth, in a single or multiple drawings (the date on which a drawing is made being hereinafter referred to as the "Draw-Down Date"), provided that each draw shall be in an amount not less than $500,000 or whole multiples of $100,000 in excess thereof, and, provided, further, that all drawings by Vitex in any Pall Quarter shall not exceed, in the aggregate, (i) $2,500,000 plus (ii) the principal amount repaid on the Credit Facility in that Pall Quarter. Notwithstanding anything to the contrary herein, no draws may be made under this Credit Facility until Vitex has obtained and delivered to Pall executed Control Agreements (as defined in Section 5.08(c)) with respect to all Deposit Accounts and Securities Accounts listed on Schedule 5.08(c). All loans made by Pall to Vitex under the Credit Facility shall be evidenced by a single revolving credit note in the form of Exhibit 1 to this Agreement (the "Revolving Credit Note"), delivered to Pall on the first Draw-Down Date and payable to Pall in the principal amount of $5,000,000. Any drawing under and in compliance with the terms of this Section 5.01 shall be duly honored by Pall on presentation to Pall, at the address set forth in Section 9.01 of this Agreement, to the attention of Xxxx Xxxxxxxxx (or such Person as he may designate in writing), of (i) on the first Draw-Down Date, the Revolving Credit Note, and thereafter, a written notice, signed by an officer of Vitex, which references the Revolving Credit Note and indicates the amount of the drawing being made and provides wire transfer instructions for Vitex, together with (ii) a certificate of the Chief Executive Officer or the Chief Financial Officer of Vitex to the effect that o...

Revolving Credit Facility. Procedure for Making Advances Under the Revolving Loan; Lender Protection Loans.

Revolving Credit Facility. The credit facility evidenced by this Credit Agreement is a revolving credit facility. Accordingly, the Borrower will, subject to compliance with the terms of this Credit Agreement, have the right during the Revolving Credit Period to reborrow any amounts repaid to the Lenders in accordance with the terms of this Credit Agreement.