Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, provided that the Revolving Commitments of the Revolving Lenders are several, and no Revolving Lender shall be responsible for any other Revolving Lender’s failure to make Revolving Loans as required. (b) Subject to Section 3.5(e), each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans, as applicable, in each case as the Borrower may request in accordance herewith. Each Revolving Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Loan in accordance with the terms of this Credit Agreement. (c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000, provided that an ABR Borrowing may be in an aggregate amount that is equal to the aggregate Available Revolving Commitments or in an aggregate amount that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of three Eurodollar Borrowings outstanding. (d) Notwithstanding any other provision of this Credit Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Appears in 3 contracts
Samples: Credit Agreement (Virtus Investment Partners, Inc.), Credit Agreement (Virtus Investment Partners, Inc.), Credit Agreement (Virtus Investment Partners, Inc.)
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans of the same Type made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. Each Competitive Loan shall be made in accordance with the procedures set forth in Section 2.04. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, ; provided that the Revolving Commitments and Competitive Bids of the Revolving Lenders are several, several and no Revolving Lender shall be responsible for any other Revolving Lender’s 's failure to make Revolving Loans or Competitive Loans as required.
(b) Subject to Section 3.5(e)2.15, (i) each Revolving Borrowing shall be comprised entirely of ABR Dollar Loans or Eurodollar LoansFixed Rate Dollar Loans as the Borrower may request in accordance herewith, as applicable, in and (ii) each case Competitive Borrowing shall be comprised entirely of Fixed Rate Dollar Loans or Competitive Specified Rate Dollar Loans as the Borrower may request in accordance herewith. Each Revolving Lender at its option may make any Eurodollar Fixed Rate Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, ; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement of each Interest Period for any Eurodollar Fixed Rate Revolving Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 2,000,000 and not less than $5,000,00010,000,000. At the time that each ABR Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 2,000,000 and not less than $5,000,000, 10,000,000; provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the aggregate Available entire unused balance of the Aggregate Revolving Commitments Commitment or in an aggregate amount that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e2.06(e). Subject to Section 2.04(d), each Competitive Borrowing shall be in an aggregate amount that is an integral multiple of $2,000,000 and not less than $10,000,000. Borrowings of more than one Type and Class may be outstanding at the same time, ; provided that there shall not at any time be more than a total of three Eurodollar fifteen Fixed Rate Borrowings outstandingoutstanding under both the Revolving Loans and the Swingline Loans.
(d) Notwithstanding any other provision of this Credit Agreement, the The Borrower shall not be entitled to requestrequest any Borrowing after the Revolving Commitment Termination Date, or to elect to convert or continue, continue any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Revolving Commitment Termination Date.
Appears in 2 contracts
Samples: Credit Agreement (Trinity Industries Inc), Credit Agreement (Trinity Industries Inc)
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Revolving Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, ; provided that the Revolving Commitments of the Revolving Lenders are several, several and no Revolving Lender shall be responsible for any other Revolving Lender’s failure to make Revolving Loans as required.
(b) Subject to Section 3.5(e)2.13, each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans, as applicable, in each case Loans as the Borrower may request in accordance herewith. Each Revolving Swingline Loan shall be an ABR Loan. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, ; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement of each Interest Period for any Eurodollar Borrowing or on the date of any ABR Borrowing, such Revolving Borrowing shall be in an a minimum aggregate amount that is an integral multiple of $1,000,000 5,000,000 and not less than $5,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple multiples of $1,000,000 and not less than $5,000,000, 500,000 in excess thereof; provided that an ABR Borrowing may be in an aggregate amount that is equal to the aggregate Available entire unused balance of the total Commitments. Revolving Commitments or in an aggregate amount that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e). Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a an aggregate total of three ten Eurodollar Borrowings outstanding.
(d) Notwithstanding any other provision of this Credit Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Revolving Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Appears in 2 contracts
Samples: Credit Agreement (Medtronic Inc), Credit Agreement (Medtronic Inc)
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Revolving Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, ; provided that the Revolving Commitments of the Revolving Lenders are several, several and no Revolving Lender shall be responsible for any other Revolving Lender’s failure to make Revolving Loans as required.
(b) Subject to Section 3.5(e)2.14, each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans, as applicable, in each case Loans as the applicable Borrower may request in accordance herewith. Each Revolving Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, ; provided that any exercise of such option shall not affect the obligation of the Borrower applicable Borrowers to repay such Eurodollar Revolving Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,0001,000,000. Notwithstanding the foregoing, provided that an ABR Borrowing may be in an aggregate amount that is equal to the aggregate Available Revolving entire unused balance of the total Commitments or in an aggregate amount that is required or requested to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e2.05(d). Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a total of three ten (10) Eurodollar Borrowings outstanding.
(d) Notwithstanding any other provision of this Credit Agreement, the Borrower Borrowers shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Appears in 2 contracts
Samples: 5 Year Revolving Credit Agreement (Diamond Offshore Drilling, Inc.), Credit Agreement (Diamond Offshore Drilling Inc)
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, provided that the Revolving Commitments of the Revolving Lenders are several, and no Revolving Lender shall be responsible for any other Revolving Lender’s failure to make Revolving Loans as required.
(b) Subject to Section 3.5(e), each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans, as applicable, in each case as the Borrower may request in accordance herewith. Each Revolving Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,0002,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,0002,000,000, provided that an ABR Borrowing may be in an aggregate amount that is equal to the aggregate Available entire unused balance of the total Revolving Commitments or in an aggregate amount that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e2.8(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of three Eurodollar Borrowings outstanding.
(d) Notwithstanding any other provision of this Credit Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Appears in 2 contracts
Samples: Credit Agreement (Virtus Investment Partners, Inc.), Credit Agreement (Virtus Investment Partners, Inc.)
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Revolving Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, ; provided that the Revolving Commitments and Competitive Bids of the Revolving Lenders are several, several and no Revolving Lender shall be responsible for any other Revolving Lender’s 's failure to make Revolving Loans as required.
(b) Subject to Section 3.5(e)2.13, (i) each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans, Loans as applicable, the applicable Borrower may request in accordance herewith and (ii) each case Competitive Borrowing shall be comprised entirely of Eurodollar Loans or Fixed Rate Loans as the Borrower may request in accordance herewith. Each Revolving Competitive Loan shall be made in accordance with the procedures set forth in Section 2.04. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, ; provided that any exercise of such option shall not affect the obligation of the Borrower Borrowers to repay such Eurodollar Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement of each Interest Period for any Eurodollar Revolving Borrowing, such Revolving Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 5,000,000 and not less than $5,000,00025,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 5,000,000 and not less than $5,000,00010,000,000. Notwithstanding the foregoing, provided that an ABR any Revolving Borrowing may be in an aggregate amount that is equal to the aggregate Available Revolving Commitments or entire unused balance of the Commitments. Each Competitive Borrowing shall be in an aggregate amount that is required to finance the reimbursement an integral multiple of an LC Disbursement as contemplated by Section 2.9(e)$5,000,000 and not less than $25,000,000. Revolving Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of three 15 Eurodollar Revolving Borrowings outstanding.
(d) Notwithstanding any other provision of this Credit Agreement, the no Borrower shall not be entitled to request, or to elect to convert or continue, any Revolving Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date, or to request any Competitive Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Appears in 2 contracts
Samples: 364 Day Revolving Credit Agreement (NNG Inc), Revolving Credit Agreement (NNG Inc)
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Revolving Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, ; provided that the Revolving Commitments of the Revolving Lenders are several, several and no Revolving Lender shall be responsible for any other Revolving Lender’s failure to make Revolving Loans as required.
(b) Subject to Section 3.5(e)2.14, each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans, as applicable, in each case Loans as the Borrower may request in accordance herewith. Each Revolving Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, ; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Revolving Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,0001,000,000. Notwithstanding the foregoing, provided that an ABR Borrowing may be in an aggregate amount that is equal to the aggregate Available Revolving entire unused balance of the total Commitments or in an aggregate amount that is required or requested to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e2.05(d). Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a total of three ten (10) Eurodollar Borrowings outstanding.
(d) Notwithstanding any other provision of this Credit Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Appears in 1 contract
Samples: 5 Year Revolving Credit Agreement (Diamond Offshore Drilling Inc)
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Revolving Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, ; provided that the Revolving Commitments of the Revolving Lenders are several, several and no Revolving Lender shall be responsible for any other Revolving Lender’s failure to make Revolving Loans as required.
(b) Subject to Section 3.5(e)2.14, (i) each Revolving Borrowing shall be comprised entirely of ABR Revolving Loans or Eurodollar Loans, as applicable, in each case Revolving Loans as the Borrower may request in accordance herewith. Each Revolving Lender at its option may make any Eurodollar Revolving Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, ; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement of each Interest Period for any Eurodollar Revolving Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000. At the time that each ABR Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 500,000 and not less than $5,000,000, 1,000,000; provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the aggregate Available Revolving Commitments or in an aggregate amount that is required to finance entire unused balance of the reimbursement of an LC Disbursement as contemplated by Section 2.9(e)total Commitments. Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a total of three six Eurodollar Borrowings outstanding.
(d) Notwithstanding any other provision of this Credit Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Appears in 1 contract
Samples: 364 Day Revolving Credit Agreement (Enterprise Products Operating L P)
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Revolving Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving CommitmentsCredit Commitment Percentages. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, ; provided that the Revolving Commitments of the Revolving Lenders are several, and no Revolving Lender shall be responsible for any other Revolving Lender’s 's failure to make a Revolving Loans Loan as requiredrequired hereby.
(b) Subject to Section 3.5(e), each Each Revolving Borrowing shall be comprised entirely of ABR either Base Rate Loans or, to the extent permitted or Eurodollar required by the terms hereof, LIBOR Loans, as applicable, selected by Borrower and set forth in each case as the Borrower may request in accordance herewithNotice of Revolving Loan Borrowing with respect to which the Revolving Loan is made. Each Revolving Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, ; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Revolving Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement Each Revolving Borrowing that is a LIBOR Loan shall be in an integral multiple of each Interest Period for any Eurodollar Borrowing, such $100,000 and not less than $2,000,000. Each Revolving Borrowing that is a Base Rate Loan shall be in an aggregate amount that is an integral multiple of $1,000,000 10,000 and not less than $5,000,000500,000. At Notwithstanding the time that each ABR foregoing, a Revolving Borrowing is made, such Borrowing shall may be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000the required amount, provided that an ABR Borrowing may but in such case must be in an aggregate amount that is equal to the aggregate Available Revolving Commitments or in an aggregate amount that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of three Eurodollar Borrowings outstandingCredit Availability.
(d) Notwithstanding any other provision of this Credit Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Revolving Borrowing if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.
Appears in 1 contract
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Revolving Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving CommitmentsCredit Commitment Percentages. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, ; provided that the Revolving Commitments of the Revolving Lenders are several, and no Revolving Lender shall be responsible for any other Revolving Lender’s failure to make a Revolving Loans Loan as requiredrequired hereby.
(b) Subject to Section 3.5(e), each Each Revolving Borrowing shall be comprised entirely of ABR either Base Rate Loans or, to the extent permitted or Eurodollar required by the terms hereof, LIBOR Loans, as applicable, selected by Borrower and set forth in each case as the Borrower may request in accordance herewithNotice of Revolving Loan Borrowing with respect to which the Revolving Loan is made. Each Revolving Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, ; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Revolving Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement Each Revolving Borrowing that is a LIBOR Loan shall be in an integral multiple of each Interest Period for any Eurodollar Borrowing, such $100,000 and not less than $2,000,000. Each Revolving Borrowing that is a Base Rate Loan shall be in an aggregate amount that is an integral multiple of $1,000,000 10,000 and not less than $5,000,000500,000. At Notwithstanding the time that each ABR foregoing, a Revolving Borrowing is made, such Borrowing shall may be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000the required amount, provided that an ABR Borrowing may but in such case must be in an aggregate amount that is equal to the aggregate Available Revolving Commitments or in an aggregate amount that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of three Eurodollar Borrowings outstandingCredit Availability.
(d) Notwithstanding any other provision of this Credit Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Revolving Borrowing if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.
Appears in 1 contract
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Revolving Borrowing consisting of Revolving Loans of the same Type made by the Revolving Lenders ratably in accordance with the amounts of their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, ; provided that the Revolving Commitments of the Revolving Lenders are several, several and no Revolving Lender shall be responsible for any other Revolving Lender’s 's failure to make Revolving Loans as required.
(b) Subject to Section 3.5(e)2.13, each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans, as applicable, in each case Loans as the Borrower may request in accordance herewith. Each Revolving Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, ; provided that any exercise of such option shall not affect any obligation or liability of any Loan Party with respect to such Eurodollar Loan, including the obligation of the Borrower to repay such Eurodollar Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Eurodollar Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,0001,000,000. At the time that each ABR Borrowing is made, such ABR Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 500,000 and not less than $5,000,000, 500,000; provided that an ABR Borrowing may be in an aggregate amount that is (i) equal to the aggregate Available entire unused balance of the total Revolving Commitments or in an aggregate amount that is Commitments, (ii) required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e2.04(e) or (iii) required to refund the Swing Line Loans as contemplated by Section 2.07(d). Revolving Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a total of three ten (10) Eurodollar Borrowings outstanding.
(d) Notwithstanding any other provision of this Credit Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Eurodollar Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Appears in 1 contract
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, provided that the Revolving Commitments of the Revolving Lenders are several, and no Revolving Lender shall be responsible for any other Revolving Lender’s 's failure to make Revolving Loans as requiredrequired hereunder.
(b) Subject to Section 3.5(e)3.4, each Revolving Borrowing shall be comprised entirely of ABR Federal Funds Loans, Alternate Base Rate Loans or Eurodollar Loans, as applicable, in each case as the Borrower a Borrower, may request in accordance herewithwith the provisions hereof. Each Revolving Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, provided that any exercise of such option shall not affect the obligation of the applicable Borrower to repay such Eurodollar Loan in accordance with the terms of this Credit Agreement. Each Swingline Borrowing shall be a Swingline Loan.
(c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 100,000 and not less than $5,000,000500,000. At the time that each ABR Floating Rate Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 100,000 and not less than $5,000,000500,000, provided that an ABR notwithstanding anything in this Section 2.2(c) to the contrary, a Floating Rate Borrowing may be in an aggregate amount that is equal to the entire unused balance of the aggregate Available Revolving Commitments or in an aggregate amount that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e)Commitments. Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of three eight Eurodollar Borrowings outstanding.
(d) Notwithstanding any other provision of this Credit Agreement, the no Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Termination Date.
Appears in 1 contract
Samples: Credit Agreement (Highland Floating Rate LTD Liability Co)
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, provided that the Revolving Commitments of the Revolving Lenders are several, and no Revolving Lender shall be responsible for any other Revolving Lender’s 's failure to make Revolving Loans as required.
(b) Subject to Section 3.5(e)3.4, each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans, as applicable, in each case as the Borrower may request in accordance herewith. Each Revolving Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Loan in accordance with the terms of this Credit Agreementhereof.
(c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 500,000 and not less than $5,000,0002,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 500,000 and not less than $5,000,0002,000,000, provided that an ABR Borrowing may be in an aggregate amount that is equal to the aggregate Available entire unused balance of the total Revolving Commitments or in an aggregate amount that than is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of three twelve Eurodollar Borrowings outstanding.
(d) Notwithstanding any other provision of this Credit Agreementhereof, the Borrower shall not be entitled to request, or to elect to convert or continue, any Eurodollar Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Appears in 1 contract
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Revolving Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, ; provided that the Revolving Commitments of the Revolving Lenders are several, several and no Revolving Lender shall be responsible for any other Revolving Lender’s 's failure to make Revolving Loans as required.
(b) Subject to Section 3.5(e)2.13, each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans, as applicable, in each case Loans as the Borrower may request in accordance herewith. Each Revolving Swingline Loan shall be an ABR Loan. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, ; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement of each Interest Period for any Eurodollar Borrowing or on the date of any ABR Borrowing, such Revolving Borrowing shall be in an a minimum aggregate amount that is an integral multiple of $1,000,000 5,000,000 and not less than $5,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple multiples of $1,000,000 and not less than $5,000,000, 500,000 in excess thereof; provided that an ABR Borrowing may be in an aggregate amount that is equal to the aggregate Available entire unused balance of the total Commitments. Revolving Commitments or in an aggregate amount that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e). Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a an aggregate total of three ten Eurodollar Borrowings outstanding.
(d) Notwithstanding any other provision of this Credit Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Revolving Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Appears in 1 contract
Samples: Credit Agreement (Medtronic Inc)
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, provided that the Revolving Commitments of the Revolving Lenders are several, and no Revolving Lender shall be responsible for any other Revolving Lender’s 's failure to make Revolving Loans as required.
(b) Subject to Section 3.5(e)3.4, each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans, as applicable, in each case as the Borrower may request in accordance herewith. Each Revolving Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 100,000 and not less than $5,000,0001,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 100,000 and not less than $5,000,000100,000, provided that an ABR Borrowing may be in an aggregate amount that is equal to the aggregate Available entire unused balance of the total Revolving Commitments or in an aggregate amount that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e2.8(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of three seven Eurodollar Borrowings outstanding.
(d) Notwithstanding any other provision of this Credit Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Appears in 1 contract
Revolving Loans and Revolving Borrowings. (a) Each Revolving Loan shall be made as part of a Revolving Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of its obligations hereunder, ; provided that the Revolving Commitments of the Revolving Lenders are several, several and no Revolving Lender shall be responsible for any other Revolving Lender’s 's failure to make Revolving Loans as required.
(b) Subject to Section 3.5(e)2.13, each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans, as applicable, in each case Loans as the Borrower may request in accordance herewith. Each Revolving Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Revolving Lender to make such Eurodollar Loan, ; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Eurodollar Loan in accordance with the terms of this Credit Agreement.
(c) At the commencement of each Interest Period for any Eurodollar Borrowing or on the date of any ABR Borrowing, such Revolving Borrowing shall be in an a minimum aggregate amount that is an integral multiple of $1,000,000 5,000,000 and not less than $5,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple multiples of $1,000,000 and not less than $5,000,000, 500,000 in excess thereof; provided that an ABR Borrowing may be in an aggregate amount that is equal to the aggregate Available entire unused balance of the total Commitments. Revolving Commitments or in an aggregate amount that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.9(e). Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a an aggregate total of three ten Eurodollar Borrowings outstanding.
(d) Notwithstanding any other provision of this Credit Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Revolving Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.
Appears in 1 contract
Samples: Credit Agreement (Medtronic Inc)