Common use of Revolving Loan Commitment Clause in Contracts

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “Revolving Loan” and collectively the “Revolving Loans”) in Dollars to the Borrower, at any time and from time to time, during the period from and including the Closing Date to but not including the Maturity Date (or such earlier date if the Commitments have been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) and (ii) with respect to each individual Lender, the sum of the aggregate principal amount of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share of the aggregate principal amount of outstanding L/C Obligations and Swing Line Loans shall not exceed such Lender’s Commitment. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth hereinherein and pursuant to this Section 2.1, each Revolving Loan Lender severally agrees to make revolving loans (each a “Revolving Loan” and collectively the “Revolving Loans”) in Dollars to the BorrowerBorrowers, in Dollars, at any time and from time to time, during the period from and including the Closing Effective Date to to, but not including including, the Revolving Loan Maturity Date (or such earlier date if as the Commitments have Revolving Committed Amount has been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC Obligations outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) and , (ii) with respect to each individual Lender, the sum of the aggregate principal amount such Lender’s pro rata share of outstanding Revolving Committed Loans of such Lender plus such Lender’s Pro Rata Share of the aggregate principal amount pro rata share of outstanding L/C LOC Obligations and Swing Line Loans shall not exceed such Lender’s CommitmentRevolving Loan Commitment and (iii) the aggregate principal amount of such Revolving Loan shall not exceed the Revolving Credit Availability at such time. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower Borrowers may borrow, repay and reborrow Revolving Loans. The Administrative Agent shall keep a record of the purpose for which each of the Loans was advanced (and of repayments applied thereto), which record shall be conclusive absent prima facie error.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “Revolving Loan” or “Loan” and collectively the “Revolving Loans” or “Loans”) in Dollars to the Borrower, at any time and from time to time, during the period from and including the Closing Date to but not including the Maturity Date (or such earlier date if the Commitments have been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) and (ii) with respect to each individual Lender, the sum of the aggregate principal amount of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share of the aggregate principal amount of outstanding L/C Obligations and Swing Line Loans of such Lender shall not exceed such Lender’s CommitmentPro Rata Share of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") in Dollars to the Borrower, in Dollars or in Foreign Currency, at any time and from time to time, during the period from and including the Closing Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC Obligations outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of Competitive Bid Loans outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) and , (ii) with respect to each individual Lender, the sum of the aggregate principal amount Lender's pro rata share of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share of the aggregate principal amount 's pro rata share of outstanding L/C LOC Obligations and Swing Line Loans shall not exceed such Lender’s Commitment's Revolving Loan Commitment Percentage of the Revolving Committed Amount and (iii) the amount of Revolving Loans outstanding in Foreign Currency plus Competitive Bid Loans outstanding in Foreign Currency shall not exceed the U.S. Dollar Equivalent of Fifty Million Dollars ($50,000,000). Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. 1. Subject to and upon the terms and conditions herein set forth hereinforth, each Lender that has a Revolving Loan Commitment (referred to as a "Revolving Loan Lender") severally agrees to make revolving loans (each a “Revolving Loan” and collectively the “Revolving Loans”) in Dollars to the BorrowerBorrower from time to time on and after the Effective Date (and continue "Loans" under (and as such term is defined in) the Existing Loan Agreement which are outstanding on the Effective Date), but prior to the Revolving Loan Commitment Termination Date, Revolving Loans in an aggregate amount outstanding at any time and from time not to timeexceed such Lender's Revolving Percentage minus such Lender's Revolving Percentage of the Swingline Loans minus such Lender's Revolving Percentage of the Letter of Credit Obligations, during the period from and including the Closing Date to but not including the Maturity Date (or such earlier date if the Commitments have been terminated as provided herein); providedsubject, however, to the conditions that after giving effect to any Borrowing (i) at no time shall the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the outstanding principal amount of all Revolving Committed Amount and Loans, plus (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate outstanding principal amount of all Swingline Loans, plus (z) the outstanding Revolving Loans plus the aggregate principal amount Letter of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not Credit Obligations, exceed the Revolving Committed Loan Commitment Amount) , and (ii) with respect to each individual Lender, at all times shall the sum of the aggregate outstanding principal amount of outstanding the Revolving Loans of such each Lender plus such equal the product of each Lender’s Pro Rata Share 's Revolving Percentage multiplied by the aggregate outstanding amount of the aggregate principal amount of outstanding L/C Obligations and Swing Line Loans Revolving Loans. The Borrower shall not exceed such Lender’s Commitment. Subject be entitled to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving LoansLoans in accordance with the provisions hereof.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Closing Initial Funding Date to but not including the Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC Obligations outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) Amount and (ii) with respect to each individual Lender, the sum of the aggregate principal amount Lender's pro rata share of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share of the aggregate principal amount 's pro rata share of outstanding L/C LOC Obligations and plus (other than the Swing Line Lender) such Lender's pro rata share of Swing Line Loans outstanding shall not exceed such Lender’s Commitment's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender who has a Revolving Loan Commitment Percentage that is greater than zero (the "Revolving Loan Lenders") severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Closing Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein)) equal to its Revolving Loan Commitment Percentage of each of the Revolving Loans requested by the Borrower; provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC Obligations outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) Amount and (ii) with respect to each individual Revolving Loan Lender, the sum of the aggregate principal amount Revolving Loan Lender's pro rata share of outstanding Revolving Loans of such Lender plus such Revolving Loan Lender’s Pro Rata Share of the aggregate principal amount 's pro rata share of outstanding L/C LOC Obligations and Swing Line Loans shall not exceed such Revolving Loan Lender’s Commitment's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") in Dollars to the Borrower, at any time and from time to time, during the period from and including the Closing Date to but not including the Maturity Date (or such earlier date if the Commitments have been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) and (ii) with respect to each individual Lender, the sum of the aggregate principal amount of outstanding Revolving Loans of such Lender plus such Lender’s 's Pro Rata Share of the aggregate principal amount of outstanding L/C Obligations and Swing Line Loans shall not exceed such Lender’s 's Commitment. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. The Credit Parties and the Lenders agree that, as of the Closing Date, the amount of Revolving Loans outstanding, as provided under the Original Credit Agreement, equals $_______________. Each of the outstanding Revolving Loans made under the Original Credit Agreement shall be, as of the Effective Date, a Revolving Loan under this Credit Agreement. Subject to the terms and conditions set forth herein, each Lender who has a Revolving Loan Commitment Percentage that is greater than zero (the "Revolving Loan Lenders") severally agrees to make revolving loans (each a “" Revolving Loan” " and collectively the “"Revolving Loans”") in Dollars to the Borrower, in U.S. dollars, at any time and from time to time, during the period from and including the Closing Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Commitments have obligation to make Revolving Loans has been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of Revolving LOC Obligations outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the aggregate Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) and (ii) with respect to each individual Revolving Loan Lender, the sum of the aggregate principal amount Revolving Loan Lender's pro rata share of outstanding Revolving Loans of such Lender plus such Revolving Loan Lender’s Pro Rata Share of the aggregate principal amount 's pro rata share of outstanding L/C Revolving LOC Obligations and Swing Line Loans shall not exceed such Revolving Loan Lender’s Commitment's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3)Agreement, the Borrower may borrow, repay and reborrow the amount of the Revolving LoansLoan Commitment.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Closing Effective Date to but not including the Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of Swingline Loans outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed secured Indebtedness incurred by the lesser Credit Parties, pursuant to Section 8.1(h), in excess of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans $100,000,000 shall not exceed the Revolving Committed Amount) Amount and (ii) with respect to each individual Lender, the sum of the aggregate principal amount Lender's pro rata share of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share 's (other than Bank of the aggregate principal amount America) pro rata share of outstanding L/C Obligations and Swing Line Swingline Loans shall not exceed such Lender’s Commitment's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “Revolving Loan” "REVOLVING LOAN" and collectively the “Revolving Loans”"REVOLVING LOANS") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Closing Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein); providedPROVIDED, howeverHOWEVER, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC Obligations outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans outstanding shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) Borrowing Base Assets and (ii) with respect to each individual Lender (other than ▇▇▇▇▇▇▇ with respect to Swing Line Loans), a Lender, the sum of the aggregate principal amount 's pro rata share of outstanding Revolving Loans of such Lender plus PLUS such Lender’s Pro Rata Share of the aggregate principal amount 's pro rata share of outstanding L/C LOC Obligations and PLUS such Lender's pro rata share of outstanding Swing Line Loans Loans, if any, shall not exceed such Lender’s Commitment's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") in Dollars to the BorrowerBorrowers, in Dollars, at any time and from time to time, during the period from and including the Closing Date to but not including the Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of outstanding L/C Obligations outstanding plus the aggregate principal amount of Swingline Loans outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) Amount and (ii) with respect to each individual Lender, the sum of the aggregate principal amount Lender's pro rata share of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share of the aggregate principal amount 's pro rata share of outstanding L/C Obligations and Swing Line plus (other than the Swingline Lender) such Lender's pro rata share of Swingline Loans outstanding shall not exceed such Lender’s Commitment's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower Borrowers may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “Revolving Loan” or “Loan” and collectively the “Revolving Loans” or “Loans”) in Dollars to the Borrower, at any time and from time to time, during the period from and including the Closing Date to but not including the Maturity Date (or such earlier date if the Commitments have been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds and (or, during any FMB Release Periodii) with respect to each individual Lender, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans such Lender shall not exceed the Revolving Committed Amount) and (ii) with respect to each individual Lender, the sum of the aggregate principal amount of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share of the aggregate principal amount of outstanding L/C Obligations and Swing Line Loans shall not exceed such Lender’s CommitmentRevolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. The Lenders having Revolving Loan Commitments agree, severally, in accordance with their respective Commitment Ratios for Revolving Loans, and not jointly, upon the terms and subject to the conditions of this Agreement, to lend and relend to the Borrower from time to time, amounts which do not exceed, in the aggregate, at any one time outstanding the Available Revolving Loan Commitment as in effect from time to time. The Borrower hereby acknowledges that all "Obligations" in respect of "Revolving Loans" outstanding on the Agreement Date under the "Revolving Loan Commitments" (as such terms as defined in the Prior Loan Agreement) shall be deemed to have been made to the Borrower as Advances under the Revolving Loan Commitments hereunder and shall constitute a portion of the Obligations. Subject to the terms and conditions set forth hereinhereof, each Lender severally agrees to make revolving loans (each a “Advances under the Revolving Loan” Loan Commitments may be repaid and collectively the “Revolving Loans”) in Dollars to the Borrower, at any time and reborrowed from time to time, during time on a revolving basis. In no case will the period from and including Lenders be required to fund a Request for Advance under their Revolving Loan Commitments if such funding would increase the Closing Date aggregate amount of all Revolving Loans outstanding to but not including an amount in excess of the Maturity Date (Revolving Loan Commitments or the amount of such earlier date if requested Advance exceeds the Commitments have been terminated as provided herein); provided, however, that after Available Revolving Loan Commitment before giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) and (ii) with respect to each individual Lender, the sum of the aggregate principal amount of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share of the aggregate principal amount of outstanding L/C Obligations and Swing Line Loans shall not exceed such Lender’s Commitment. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving LoansAdvance.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “"Revolving Loan” " or "Loan" and collectively the “"Revolving Loans”" or "Loans") in Dollars to the BorrowerBorrowers, at any time and from time to time, during the period from and including the Closing Date to but not including the Maturity Date (or such earlier date if the Commitments have been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus shall not exceed the aggregate Revolving Committed Amount, (ii) the sum of the principal amount of outstanding Swing Line Revolving Loans plus the principal amount of outstanding L/C Obligations of each of TNMP and First Choice, as applicable, shall not exceed the lesser of (x) the Revolving Committed Amount Subsidiary Borrower Sublimit for such Person and (yiii) the face amount of the First Mortgage Bonds (or, during any FMB Release Periodwith respect to each individual Lender, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans such Lender shall not exceed the Revolving Committed Amount) and (ii) with respect to each individual Lender, the sum of the aggregate principal amount of outstanding Revolving Loans of such Lender plus such Lender’s 's Pro Rata Share of the aggregate principal amount of outstanding L/C Obligations and Swing Line Loans shall not exceed such Lender’s CommitmentRevolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower Borrowers may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Closing Effective Date to but not including the Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC Obligations outstanding L/C Obligations plus the aggregate principal amount of Swingline Loans outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) Amount and (ii) with respect to each individual Lender, the sum of the aggregate principal amount Lender's pro rata share of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share of the aggregate principal amount 's pro rata share of outstanding L/C LOC Obligations and Swing Line plus (other than the Swingline Lender) such Lender's pro rata share of Swingline Loans outstanding shall not exceed such Lender’s Commitment's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “Revolving Loan” "REVOLVING LOAN" and collectively the “Revolving Loans”"REVOLVING LOANS") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Closing Date to but not including the Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein); providedPROVIDED, howeverHOWEVER, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC Obligations outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) Amount and (ii) with respect to each individual Lender, the sum of the aggregate principal amount Lender's pro rata share of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share of the aggregate principal amount 's pro rata share of outstanding L/C LOC Obligations and plus (other than the Swing Line Lender) such Lender's pro rata share of Swing Line Loans outstanding shall not exceed such Lender’s Commitment's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Closing Effective Date to but not including the Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of Revolving LOC Obligations outstanding L/C Obligations plus the aggregate principal amount of Synthetic Lease Obligations outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) Amount and (ii) with respect to each individual Lender, the sum of the aggregate principal amount Lender's pro rata share of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share 's pro rata share of outstanding Revolving LOC Obligations plus such Lender's pro rata share of the aggregate principal amount of the outstanding L/C Synthetic Lease Obligations and Swing Line Loans shall not exceed such Lender’s Commitment's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, including but not limited to Section 5.2, each Revolving Lender severally agrees to make revolving loans (each a “Revolving Loan” and collectively the “Revolving Loans”) in Dollars to the Borrower, in Dollars or in one or more Alternative Currencies, at any time and from time to time, during the period from and including the Closing Date to but not including the Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, Dollar Equivalent amount of Revolving Loans outstanding plus the sum Dollar Equivalent amount of the aggregate principal amount of LOC Obligations outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) and , (ii) with respect to each individual Revolving Lender, the sum of the aggregate principal amount Revolving Lender’s pro rata share of outstanding Revolving Loans of such Lender plus such Revolving Lender’s Pro Rata Share of the aggregate principal amount pro rata share of outstanding L/C LOC Obligations and Swing Line Loans shall not exceed such Revolving Lender’s CommitmentCommitment Percentage of the Revolving Committed Amount and (iii) the aggregate amount of Revolving Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Loans. On the Closing Date, all Revolving Loans shall be Base Rate Loans unless the Borrower shall have delivered at least three Business Days prior to the Closing Date, a funding indemnity letter in form and substance reasonably satisfactory to the Administrative Agent. Thereafter, Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Closing Effective Date to but not including the Revolving Loan Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC Obligations outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of Foreign Currency Loans outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) Amount and (ii) with respect to each individual Lender, the sum of the aggregate principal amount Lender's pro rata share of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share of the aggregate principal amount 's pro rata share of outstanding L/C LOC Obligations and plus (other than the Swing Line Lender) such Lender's pro rata share of Swing Line Loans shall not exceed outstanding plus such Lender’s Commitment. Subject to the terms 's pro rata share of this Credit Agreement Foreign Currency Loans outstanding (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving except for any Foreign Currency Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “Revolving Loan” "REVOLVING LOAN" and collectively the “Revolving Loans”"REVOLVING LOANS") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Closing Effective Date to but not including the Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein); providedPROVIDED, howeverHOWEVER, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC Obligations outstanding L/C Obligations plus the aggregate principal amount of Synthetic Lease Obligations outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and Amount, (y) the face amount of the First Mortgage Bonds Borrowing Base Assets and (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amountz) $37,500,000 and (ii) with respect to each individual Lender, the sum of the aggregate principal amount Lender's pro rata share of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share 's pro rata share of outstanding LOC Obligations plus such Lender's pro rata share of the aggregate principal amount of the outstanding L/C Synthetic Lease Obligations and Swing Line Loans shall not exceed such Lender’s Commitment's Revolving Loan Commitment Percentage of the Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions coniditions set forth herein, each Lender severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") in Dollars to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Closing Date to but not including the Maturity Date (or such earlier date if the Commitments have Revolving Committed Amount has been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans outstanding plus the aggregate principal amount of LOC Obligations outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (xA) the Revolving Committed Amount and minus the Excess Payables or (yB) the face amount of Borrowing Base minus the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) Excess Payables and (ii) with respect to each individual Lender, the sum of the aggregate principal amount Lender's pro rata share of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share 's pro rata share of the aggregate principal amount of outstanding L/C LOC Obligations and Swing Line Loans shall not exceed such Lender’s Commitment's Revolving Loan Commitment Percentage of the lesser of (A) the Revolving Committed Amount minus the Excess Payables, or (B) the Borrowing Base minus the Excess Payables. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving loans (each a “Revolving Loan” and collectively the “Revolving Loans”) in Dollars to the Borrower, at any time and from time to time, during the period from and including the Closing Date to but not including the Maturity Date (or such earlier date if the Commitments have been terminated as provided herein); provided, however, that after giving effect to any Borrowing (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the lesser of (x) the Revolving Committed Amount and (y) the aggregate face amount of the First Mortgage Bonds (or, during any FMB Release Period, the sum of the aggregate principal amount of outstanding Revolving Loans plus the aggregate principal amount of outstanding L/C Obligations plus the aggregate principal amount of outstanding Swing Line Loans shall not exceed the Revolving Committed Amount) and (ii) with respect to each individual Lender, the sum of the aggregate principal amount of outstanding Revolving Loans of such Lender plus such Lender’s Pro Rata Share of the aggregate principal amount of outstanding L/C Obligations and Swing Line Loans shall not exceed such Lender’s Commitment. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrower may borrow, repay and reborrow Revolving Loans.