Common use of Revolving Loan Commitment Clause in Contracts

Revolving Loan Commitment. Subject to the terms and conditions set forth herein 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”) to the Borrowers, in Dollars, at any time and from time to time, during the period from and including the Effective Date to, but not including, the Revolving Loan Maturity Date or such earlier date as the Revolving Committed Amount has been terminated as provided herein; provided, however, that (i) the sum of the aggregate principal amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount, (ii) with respect to each individual Lender, such Lender’s pro rata share of outstanding Committed Loans plus such Lender’s pro rata share of outstanding LOC Obligations shall not exceed such Lender’s Revolving 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 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 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”) to the Borrowers, in Dollars, at any time and from time to time, during the period from and including the Effective Date to, to but not including, including the Revolving Loan Maturity Date or such earlier date as the Revolving Committed Amount has been terminated as provided herein; provided, however, that (i) the sum of the aggregate principal amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount, (ii) with respect to each individual Lender, such Lender’s pro rata share of outstanding Committed Loans plus such Lender’s pro rata share of outstanding LOC Obligations shall not exceed such Lender’s Revolving 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 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 and pursuant to this Section 2.1herein, each Revolving Loan Lender severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") to the BorrowersBorrower, in Dollars, at any time and from time to time, during the period from and including the Effective Date to, to but not including, including the Revolving Loan Maturity Date or such earlier date as if the Revolving Committed Amount has been terminated as provided herein; provided, however, that (i) the sum of the aggregate principal amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the lesser of (x) the Revolving Committed AmountAmount and (y) the Borrowing Base, and (ii) with respect to each individual Lender, such the Lender’s 's pro rata share of outstanding Committed Revolving Loans plus such Lender’s 's pro rata share of outstanding LOC Obligations shall not exceed such Lender’s 's Revolving Loan Commitment and (iii) the aggregate principal amount Percentage of such Revolving Loan shall not exceed the Revolving Credit Availability at such timeCommitted Amount. Subject to the terms of this Credit Agreement (including Section 3.3), the Borrowers Borrower 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 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”) to the Borrowers, in Dollars, at any time and from time to time, during the period from and including the Effective Date to, but not including, the Revolving Loan Maturity Date or such earlier date as the Revolving Committed Amount has been terminated as provided herein; provided, however, that (i) the sum of the aggregate principal amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount, (ii) with respect to each individual Lender, such Lender’s pro rata share of outstanding Committed Loans plus such Lender’s pro rata share of outstanding LOC Obligations shall not exceed such Lender’s Revolving 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 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. The Commitments shall terminate on February 15, 2012 if the Effective Date shall not have occurred on or prior to February 15, 2012.

Revolving Loan Commitment. Subject to the terms and conditions set forth herein and pursuant to this Section 2.1herein, each Revolving Loan Lender severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") to the Borrowers, in Dollars, at any time and from time to time, during the period from and including the Effective Date to, to but not including, including the Revolving Loan Maturity Date or such earlier date as if the Revolving Committed Amount has been terminated as provided herein; provided, however, that (i) the sum of the aggregate principal amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the lesser of (A) the Revolving Committed AmountAmount and (B) the Borrowing Base, (ii) with respect to each individual Lender, such the Lender’s 's pro rata share of outstanding Committed Revolving Loans plus such Lender’s 's pro rata share of outstanding LOC Obligations obligations shall not exceed such Lender’s 's Revolving Loan Commitment Percentage of the Revolving Committed Amount, and (iii) the aggregate principal amount of such Revolving Loan Loans advanced for construction and development of Properties that are not preleased in excess of 85% shall not exceed the Revolving Credit Availability at any one time (A) for such timeProperties that are less than 50% preleased, $20,000,000 and (B) for all such Properties, $100,000,000. Subject to the terms of this Credit Agreement (including Section 3.3), the 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 and pursuant to this Section 2.1, each Revolving Loan Lender severally agrees to make revolving loans (each a “Revolving Loan” "REVOLVING LOAN" and collectively the “Revolving Loans”"REVOLVING LOANS") to the Borrowers, in Dollars, at any time and from time to time, during the period from and including the Effective Date to, to but not including, including the Revolving Loan Maturity Date or such earlier date as the Revolving Committed Amount has been terminated as provided herein; provided, however, that (i) the sum of the aggregate principal amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount, (ii) with respect to each individual Lender, such Lender’s 's pro rata share of outstanding Committed Loans plus such Lender’s 's pro rata share of outstanding LOC Obligations shall not exceed such Lender’s Revolving Loan 's 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 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 and pursuant to this Section 2.1herein, each Revolving Loan Lender severally agrees to make revolving loans (each a “"Revolving Loan” " and collectively the “"Revolving Loans”") to the Borrowers, in Dollars, at any time and from time to time, during the period from and including the Effective Date to, to but not including, including the Revolving Loan Maturity Date or such earlier date as the Revolving Committed Amount has been terminated as provided herein; provided, however, that (i) the sum of the aggregate principal amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount, (ii) with respect to each individual Lender, such Lender’s 's pro rata share of outstanding Committed Revolving Loans plus such Lender’s 's pro rata share of outstanding LOC Obligations shall not exceed such Lender’s Revolving Loan Commitment 's Commitment, and (iii) the aggregate principal amount of such Revolving Loan Loans advanced for construction and development of Properties shall not exceed the Revolving Credit Availability at any one time (A) for all such timeProperties that are less than 50% preleased, $50,000,000 and (B) for all such Properties, $100,000,000. Subject to the terms of this Credit Agreement (including Section 3.3), the 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.