Revolving Credit Facility Advances. Each Revolving Lender severally agrees to make in the manner set forth in Section 2.2, its pro rata part (based on its Revolving Loan Percentage) of one or more Advances under the Revolving Credit Facility (excluding Competitive Bid Loans) for general corporate purposes, which, subject to the Loan Documents, Borrower may borrow, repay, and reborrow under this Agreement; provided, that, (i) each such Advance must occur on a Business Day and no later than the Business Day immediately preceding the Short Term Revolving Facility Termination Date or Long Term Revolving Facility Termination Date, as applicable, (ii) each such Advance must be in an amount not less than the limitations provided in Section 2.2, and (iii) on any date of determination, the outstanding principal balance of the Revolving Credit Facility (including the Letter of Credit Exposure and the outstanding balance of all Competitive Bid Loans and the Swingline Note) shall never exceed the lesser of (A) the difference between (1) the Asset Coverage Requirement, minus (2) the aggregate amount outstanding under the Term Facility, (B) the Revolving Commitment, or (C) the difference between (1) $832,500,000, minus (2) the original principal amount of the Additional Term Loans. Except as provided in Section 2.3 hereof, in no event shall any Revolving Lender be required to make any Advances in excess of such Lender's Revolving Loan Percentage of the amount required to be advanced by the Revolving Lenders under the above provisions of this Section 2.1 or which would cause any Revolving Lender to have made Advances in excess of such Lender's Revolving Loan Commitment Amount. Advances shall be made under the Short Term Revolving Facility only after and so long as the Long Term Revolving Facility is fully funded. Repayments on the Revolving Credit Facility shall be applied first to reduce the Short Term Revolving Facility and then to the Long Term Revolving Facility.
Revolving Credit Facility Advances. Advances under the Revolving Credit Facility shall be made by Bank to Borrower in accordance with the procedures set forth below. Within the limitations set forth in this Agreement, Borrower may borrow, repay and reborrow under the Revolving Credit Facility.
Revolving Credit Facility Advances. Each of the Lenders, relying upon each of the representations and warranties set out in Section 2, hereby agrees with the Borrower that, subject to the terms of this Agreement, it will on or before 12:00 noon New York time on the Revolving Credit Facility Drawdown Dates make the Revolving Credit Facility Advances available to the Borrower in an aggregate amount not to exceed, on a pro rata basis, its Commitment for its respective portion of the Revolving Credit Facility, provided, however, that (a) each such Advance shall be in the minimum amount of One Hundred Thousand Dollars ($100,000) and (b) the maximum aggregate amount of all Revolving Credit Facility Advances which may be outstanding under this Agreement is One Million Dollars ($1,000,000), as the same may be reduced pursuant to Section 5.7. Within the limits of the Revolving Credit Facility and upon the conditions herein provided, the Borrower may from time to time, and on as many occasions as the Borrower may deem appropriate, borrow pursuant to this Section 3.3, repay pursuant to Section 5.2 and reborrow pursuant to this Section 3.3.
Revolving Credit Facility Advances. Each of the Lenders, relying upon each of the representations and warranties set out in Section 2, hereby agrees with the Borrower that, subject to the terms of this Agreement, it will on or before 12:00 noon New York time on the Revolving Credit Facility Drawdown Dates make the Revolving Credit Facility Advances available to the Borrower in an aggregate amount not to exceed, on a pro rata basis, its Commitment for its respective portion of the Revolving Credit Facility, provided, however, that (a) each such Advance shall be in the minimum amount of One Hundred Thousand Dollars ($100,000) and (b) the maximum aggregate amount of all Revolving Credit Facility Advances which may be outstanding under this Agreement is Two Million Dollars ($2,000,000), as the same may be reduced from time to time as
Revolving Credit Facility Advances. Each Revolving Lender severally agrees to make in the manner set forth in Section 2.2, its pro rata part (based on its Revolving Loan Percentage) of one or more Advances for general corporate purposes, which, subject to the Loan Documents, Borrower may borrow, repay, and reborrow under this Agreement; provided, that, (i) each such Advance must occur on a Business Day and no later than the Business Day immediately preceding the Revolving Facility Termination Date, (ii) each such Advance must be in an amount not less than the limitations provided in Section 2.2, and (iii) on any date of determination, the outstanding principal balance of the Revolving Credit Facility (including the outstanding balance of all Competitive Bid Loans) shall never exceed the lesser of (A) the difference between (1) the Borrowing Base, minus (2) the aggregate amount outstanding under the Term Facility, (B) the difference between (1) the Revolving Commitment, minus (2) the Letter of Credit Exposure, or (C) the difference between (1) $490,000,000, minus (2) the original principal amount of the Additional Term Loans. Except as provided in Section 2.3 hereof, in no event shall any Revolving Lender be required to make any Advances in excess of such Lender's Revolving Loan Percentage of the amount required to be advanced by the Revolving Lenders under the above provisions of this Section 2.1 or which would cause any Revolving Lender to have made Advances in excess of such Lender's Revolving Loan Commitment Amount.
Revolving Credit Facility Advances. (a) Each of the Lenders severally, but not jointly, agrees to lend to Borrower, subject to and upon the terms and conditions herein set forth, at any time or from time to time on or after the Closing Date and before the Maturity Date, such Lender's pro rata share of such amounts as may be requested or be deemed requested by Borrower in accordance with the terms of this Agreement (each such borrowing, a "Revolving Credit Advance" and the outstanding principal balance of all Revolving Credit Advances from time to time, the "Revolving Loan"), subject to the limitations contained in Section 2.2 hereof.
Revolving Credit Facility Advances. Section 3.01 The Advances 649 Section 3.02 Procedure for Borrowing. 649 Section 3.03 Conversions and Elections Regarding Advances 6570 Section 3.04 Circumstances Requiring Floating Rate Pricing 66[Reserved] 70 Section 3.05 Interest on Advances 6870 Section 3.06 Swing Line Advances 6871 ARTICLE 4 REVOLVING CREDIT FACILITY - DOCUMENTARY CREDITS ii 1808964.02A-NYCSR03A - MSW LEGAL_1:80104430.16 Section 4.01 Documentary Credits 703 Section 4.02 Issue Notice 703 Section 4.03 Form of Documentary Credits 713 Section 4.04 Documentary Credit Reports 714 Section 4.05 Procedure for Issuance of Documentary Credits 714 Section 4.06 Payments of Amounts Drawn 724 Section 4.07 Risk of Documentary Credits 725 Section 4.08 Repayments 736 Section 4.09 Fees 746 Section 4.10 Existing Letters of Guarantee 757 ARTICLE 5 CONDITIONS OF LENDING Section 5.01 Conditions Precedent to Effective Date 757 Section 5.02 Conditions Precedent to All Accommodations 779 Section 5.03 No Waiver 789 ARTICLE 6 REPRESENTATIONS AND WARRANTIES Section 6.01 Representations and Warranties 780 Section 6.02 Survival of Representations and Warranties 878 ARTICLE 7 COVENANTS OF THE LOAN PARTIES Section 7.01 Affirmative Covenants 878 Section 7.02 Negative Covenants 10098 Section 7.03 Financial Covenants 1074 ARTICLE 8 EVENTS OF DEFAULT Section 8.01 Events of Default 1074 Section 8.02 Remedies Upon Demand and Default 1107 ARTICLE 9 YIELD PROTECTION Section 9.01 Increased Costs; Reserves on LIBORTerm SOFR Advances 11108 Section 9.02 Taxes 1130 Section 9.03
Revolving Credit Facility Advances. Section 3.01 The Advances The Administrative Agent shall give each applicable Lender prompt notice of any Borrowing Notice received from each Borrower and of each applicable Lender’s ratable portion of any Accommodation. Section 3.02
Revolving Credit Facility Advances. Due to funding requirements and fluctuations on Alternate Currency Advances, the penultimate sentence of Section 2.1(a) of the Credit Agreement is amended to read as follows: "Advances shall be made under the Short Term Revolving Facility only after and so long as the Long Term Revolving Facility is fully funded, except for an amount under the Long Term Revolving Facility not to exceed $10,000,000 that may be reserved in Administrative Agent's sole discretion (but which is available for advance after advancing under the Short Term Revolving Facility) for fundings or fluctuations in Alternate Currency Advances."
Revolving Credit Facility Advances. Section 3.01 The Advances 6973 Section 3.02 Procedure for Borrowing. 6973 Section 3.03 Conversions and Elections Regarding Advances 7074
