Common use of Revolving Credit Facility Advances Clause in Contracts

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. 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, any Borrower may borrow, repay, and reborrow under this Agreement; provided, that, (iA) 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, (iiB) each such Advance must be in an amount not less than the limitations provided in Section 2.2, and (iiiC) 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 (A1) the difference between (1a) the Asset Coverage RequirementBorrowing Base, minus (2b) the aggregate amount outstanding under the Term Facility, (B2) an amount equal to the difference between (a) the Revolving Commitment, minus (b) the sum of (i) the Letter of Credit Exposure, plus (ii) the Commercial Paper Reserve, or (C) the difference between (13) $832,500,000, minus (2) the original principal amount of the Additional Term Loans310,000,000. Except as provided in Section 2.3 hereof, in 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 In the Short Term Revolving Facility only after and so long event that as of the Long Term Revolving Facility is fully funded. Repayments on Closing Date, the Revolving Credit Facility Commitment does not equal the lesser of (i) Three Hundred Ten Million and No/100 Dollars ($310,000,000.00), or (ii) the difference between (1) $350,000,000, less (2) the Term Facility, Revolving Lenders acceptable to both Agent and AMRESCO may be added to this Agreement until such time that the Revolving Commitment equals the lesser the preceding (i) or (ii). Agent and Borrowers shall be applied first execute a supplement to reduce this Agreement evidencing the Short Term additional Revolving Facility Lenders and then their Revolving Loan Commitment Amount and Revolving Loan Percentage, and shall distribute a copy of such schedule to the Long Term Revolving Facilityother Lenders as soon as practicably possible.

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, any Borrower may borrow, repay, and reborrow under this Agreement; provided, that, (iA) 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, (iiB) each such Advance must be in an amount not less than the limitations provided in Section 2.2, and (iiiC) 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 (A1) the difference between (1a) the Asset Coverage RequirementBorrowing Base, minus (2b) the aggregate amount outstanding under the Term Facility, and (B2) an amount equal to the difference between (a) the Revolving Commitment, or minus (Cb) the difference between sum of (1) $832,500,000, minus (2i) the original principal amount Letter of Credit Exposure, plus (ii) the Additional Term LoansCommercial Paper Reserve. Except as provided in Section 2.3 hereof, in 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 In the Short Term Revolving Facility only after and so long event that as of the Long Term Revolving Facility is fully funded. Repayments on Closing Date, the Revolving Credit Facility shall be applied first to reduce the Short Term Revolving Facility Commitment does not equal Two Hundred Seventy-Five Million and then to the Long Term Revolving Facility.No/100 Dollars