Common use of Revolving Loans Clause in Contracts

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 9 contracts

Sources: Credit Agreement (Orion Group Holdings Inc), Credit Agreement (Ebix Inc), Credit Agreement (AdaptHealth Corp.)

Revolving Loans. During Each Revolving Lender, severally and for itself alone, hereby agrees, on the Revolving terms and subject to the conditions hereinafter set forth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make loans to the Borrower denominated in Dollars or an Alternative Currency on a revolving basis from time to time during the Commitment Period, subject to in an amount that will not (i) exceed its Pro Rata Share of the terms and conditions hereof, each Lender severally agrees to make revolving loans Total Available Revolving Commitment (each such loanloan by any Lender, a “Revolving Loan” and collectively, the “Revolving Loans”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and or (ii) cause the Assigned Dollar Value of Revolving Loans, Swing Line Loans and LC Obligations denominated in an Alternative Currency to exceed $200,000,000. All Revolving Loans comprising the same Borrowing hereunder shall be made by the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Lenders simultaneously and in proportion to their respective Revolving CommitmentCommitments. Amounts borrowed pursuant Prior to this Section 2.1(a) the Revolver Termination Date, Revolving Loans may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as by the Borrower may request. Each Lender’s Revolving Commitment shall expire on in accordance with the Revolving Commitment Termination Date and provisions hereof and, except as otherwise specifically provided in Section 3.6, all Revolving Loans and comprising the same Borrowing shall at all other amounts owed hereunder with respect to times be of the same Type. On the Revolver Termination Date, 100% of the aggregate principal amount of Revolving Loans and the Revolving Commitments then outstanding shall be paid in full no later than such datedue and payable.

Appears in 9 contracts

Sources: Credit Agreement, Credit Agreement (Huntsman CORP), Credit Agreement (Huntsman International LLC)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving loans denominated in U.S. Dollars (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Revolving Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) in no event shall the Total Outstanding Amount of Revolving Outstandings shall not Obligations exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Daily Simple SOFR Loans, Term SOFR Loans, or a combination thereof, as the Borrower may request. Each Revolving Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 4 contracts

Sources: Credit Agreement (Healthpeak Properties, Inc.), Credit Agreement (Healthpeak Properties, Inc.), Credit Agreement (Healthpeak Properties, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans to each Borrower in Dollars, at any time and from time to time, during the Commitment Period (each such loan, a “Revolving Loan” and collectively the “Revolving Loans) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment); provided, provided that after giving effect to the making of any Revolving Loan, (i) the Total Utilized Revolving Outstandings Commitments of (A) DEI shall not exceed the Aggregate DEI Sublimit, (B) VaPower shall not exceed the VaPower Sublimit, (C) Questar Gas shall not exceed the Questar Gas Sublimit, (D) DESC shall not exceed the DESC Sublimit and (E) the Borrowers on any day shall not exceed the Revolving Commitments, Loan Commitment and (ii) with respect to each individual Lender, the Lender’s pro rata share of the sum of outstanding Revolving Credit Exposure of Loans plus the L/C Obligations then outstanding on any Lender day shall not exceed such Lender’s Commitment Percentage of the Revolving Loan Commitment. Amounts borrowed pursuant Revolving Loans made to any Borrower shall be the several obligations of such Borrower. Subject to the terms and conditions of this Section 2.1(a) Credit Agreement, each Borrower may be repaid borrow, repay and reborrowed without premium or penalty (subject to Section 3.1(c)) during reborrow the amount of the Revolving Loan Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect made to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateit.

Appears in 4 contracts

Sources: Revolving Credit Agreement (Dominion Energy, Inc), Revolving Credit Agreement (Virginia Electric & Power Co), Revolving Credit Agreement (Dominion Energy South Carolina, Inc.)

Revolving Loans. During the Each Revolving Commitment PeriodLender severally agrees, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) limitations set forth below with respect to the Borrower in maximum amount of Revolving Loans permitted to be outstanding from time to time, to lend to Company from time to time during the period from but excluding the Closing Date to but excluding the Revolving Loan Commitment Termination Date an aggregate amount up to but not exceeding such its Pro Rata Share of the aggregate amount of the Revolving Loan Commitments to be used for the purposes identified in subsection 2.5B. Each Revolving Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Loan Commitment shall expire on the Revolving Loan Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Loan Commitments shall be paid in full no later than such that date. Amounts borrowed under this subsection 2.1A(ii) may be repaid and reborrowed to but excluding the Revolving Loan Commitment Termination Date. Anything contained in this Agreement to the contrary notwithstanding, the Revolving Loans and the Revolving Loan Commitments shall be subject to the limitation that in no event shall the Total Utilization of Revolving Loan Commitments at any time exceed the Revolving Loan Commitment Amount then in effect.

Appears in 4 contracts

Sources: Credit Agreement (IntraLinks Holdings, Inc.), First Lien Credit Agreement (SafeNet Holding Corp), Credit Agreement (IntraLinks Holdings, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, provided that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 3 contracts

Sources: Credit Agreement (Computer Programs & Systems Inc), Credit Agreement (Computer Programs & Systems Inc), Credit Agreement (Computer Programs & Systems Inc)

Revolving Loans. During From and including the Revolving Commitment PeriodEffective Date and prior to the Facility Termination Date, subject to upon the satisfaction of the conditions precedent set forth in Section 4.02, each Lender severally and not jointly agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower in an (at the Borrower’s election) Dollars or (other than in the case of Alternate Base Rate Loans) a Foreign Currency from time to time in amounts not to exceed in the aggregate amount up to but not exceeding such Lender’s Revolving at any one time outstanding its Pro Rata Share of the Aggregate Commitment; provided, provided that after giving effect to the making of any such Revolving Loan, (i) the Total Revolving Outstandings Aggregate Outstanding Credit Exposure shall not exceed the Aggregate Revolving Commitments, Commitment at such time and (ii) the Revolving Outstanding Credit Exposure of any such Lender shall not exceed such Lender’s Revolving CommitmentCommitment at such time. Amounts borrowed pursuant Subject to the terms of this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate LoansAgreement, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, repay and re-borrow Revolving Loans at any time prior to the Facility Termination Date. The Commitments to lend hereunder shall expire automatically on the Facility Termination Date. Each Lender’s Revolving Commitment Borrowing made under this Section 2.01(a) shall expire on the Revolving Commitment Termination Date and all consist of Revolving Loans and all other amounts owed hereunder made from the several Lenders in accordance with respect to their respective Pro Rata Shares of the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateAggregate Commitment.

Appears in 3 contracts

Sources: Credit Agreement (Salesforce, Inc.), Credit Agreement (SALESFORCE.COM, Inc.), Credit Agreement (Salesforce Com Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans to the Borrower Representative on behalf of the Borrowers (each such loan, a Revolving LoanLoan ”) in Dollars from time to time on any Business Day during the Borrower Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; providedprovided , however , that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total total Revolving Outstandings Exposures shall not exceed the Aggregate total Revolving Commitments, and (ii) the Revolving Credit Exposure of any each Revolving Lender shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower Representative on behalf of the Borrowers may borrow under this Section 2.1(a2.01(a) may be repaid , prepay under Section 2.05 , and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)2.01(a) during the Revolving Commitment Period. The Revolving Loans may consist be Base Rate Loans or LIBOR Loans, as further provided herein; provided, however, that all Borrowings of Revolving Loans made on the Closing Date shall be made as Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 3 contracts

Sources: Credit and Guaranty Agreement, Credit and Guaranty Agreement (Allion Healthcare Inc), Credit and Guaranty Agreement (Allion Healthcare Inc)

Revolving Loans. During Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth herein, each Revolving Lender severally agrees to make Revolving Loans to the Borrower in Dollars from time to time from the Closing Date through, but not including, the Maturity Date as requested by the Borrower in accordance with the terms of Section 2.3; provided, that (a) after the Closing Date, the Revolving Outstandings shall not exceed the Revolving Commitment Period, subject and (b) the principal amount of outstanding Revolving Loans from any Revolving Lender plus such Revolving Lender’s Revolving Commitment Percentage of outstanding L/C Obligations and outstanding Swingline Loans shall not at any time exceed such Revolving Lender’s Revolving Commitment. Each Revolving Loan by a Revolving Lender shall be in a principal amount equal to such Revolving Lender’s Revolving Commitment Percentage of the aggregate principal amount of Revolving Loans requested on such occasion. Subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date borrow, repay and all reborrow Revolving Loans and all other amounts owed hereunder with respect to until the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateMaturity Date.

Appears in 3 contracts

Sources: Credit Agreement (Orbital Sciences Corp /De/), Credit Agreement (Orbital Sciences Corp /De/), Credit Agreement (Orbital Sciences Corp /De/)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans in Dollars (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender▇▇▇▇▇▇’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender▇▇▇▇▇▇’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Term SOFR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Sources: Loan and Security Agreement (Guardian Pharmacy Services, Inc.), Loan and Security Agreement (Guardian Pharmacy Services, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each such loan, a the “Revolving LoanLoans”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving CommitmentDollars or in one or more Alternative Currencies on any Business Day; provided, provided that after giving effect to the making of any such Revolving Loan, (i) with regard to the Total Revolving Outstandings Lenders collectively, the aggregate Outstanding Amount of Revolving Obligations shall not exceed ONE HUNDRED AND FIFTY MILLION DOLLARS ($150,000,000), (as increased or decreased from time to time pursuant to this Credit Agreement, the “Aggregate Revolving Committed Amount”), (ii) with regard to each Revolving Lender individually, such Revolving Lender’s Revolving Commitment Percentage of Revolving Obligations shall not exceed its respective Revolving Committed Amount and (iii) the Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving CommitmentAlternative Currency Sublimit. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Eurodollar Loans, or a combination thereof, as provided herein, and may be repaid and reborrowed in accordance with the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateprovisions hereof.

Appears in 2 contracts

Sources: Credit Agreement (Griffin-American Healthcare REIT III, Inc.), Credit Agreement (Griffin-American Healthcare REIT III, Inc.)

Revolving Loans. During the Revolving Commitment Period, --------------- subject to the terms and conditions hereof, each Lender holding a Revolving Commitment severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to Loans in the Borrower in an aggregate amount up to but not exceeding such Lender’s 's Revolving Commitment; providedCommitment as of the Closing Date, subject to the requirements of Section 2.4, to Company, provided that after -------- giving effect to the making of any each Revolving Loan, (iy) in no event shall the Total Utilization of Revolving Outstandings shall not Commitments exceed the Aggregate Revolving Commitments, Commitments then in effect and (iiz) Holdings and Company shall be in compliance, on a pro forma basis as of the Revolving Credit Exposure last day of any Lender shall not exceed such Lender’s Revolving Commitmentthe most recently concluded Fiscal Quarter, with the financial covenants set forth in Section 6.6 or 6.7, as applicable. Amounts borrowed pursuant to this Section 2.1(a2.1(a)(i) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s 's Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Focal Communications Corp), Credit and Guaranty Agreement (Focal Communications Corp)

Revolving Loans. During From time to time on or after the Revolving Commitment Period, subject Effective Date and prior to the terms and conditions hereofMaturity Date, each Lender severally agrees to shall make revolving loans under this Section 2.1 (each such loan, a "Revolving Loan") to the Borrower in an aggregate principal amount at any one time outstanding up to but not exceeding such Lender’s Revolving Commitment's Commitment Percentage of the Aggregate Commitments; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total aggregate Outstanding Amount of all Revolving Outstandings Loans, Swing Line Loans and L/C Obligations shall not exceed the Aggregate Revolving Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender's Commitment Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender's Commitment Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving 's Commitment. Amounts borrowed Subject to the conditions in this Agreement, any such Revolving Loan repaid prior to the Maturity Date may be reborrowed pursuant to the terms of this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment PeriodAgreement. The Revolving Loans may consist aggregate of all Base Rate Loans, Adjusted LIBOR Rate Loans, or Borrowings to be made by the Lenders in connection with a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment particular borrowing shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect be equal to the Revolving Loans and lesser of (a) the Revolving remaining unused portion of the Commitments shall be paid or (b) $500,000 or an integral multiple of $100,000 in full no later than such dateexcess thereof.

Appears in 2 contracts

Sources: Credit Agreement (Oceaneering International Inc), Credit Agreement (Oceaneering International Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving loans (each such loanmake, a “during the Availability Period, Revolving Loan”) Loans in Dollars to the Borrower from time to time in an aggregate amount up to but that will not exceeding result in (i) such Revolving Lender’s Revolving Commitment; provided, that after giving effect to the making of any Exposure exceeding such Revolving Loan, (i) the Total Lender’s Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and Commitment or (ii) the total Revolving Credit Exposure of any Lender shall not exceed such Lender’s all Revolving CommitmentLenders exceeding the total Revolving Commitments. Amounts borrowed pursuant to this Section 2.1(a) may be repaid Within the foregoing limits and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loansterms and conditions set forth herein, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, prepay and reborrow Revolving Loans. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other All amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datethe Revolving Maturity Date. Each Revolving Lender’s Revolving Commitment shall terminate immediately and without further action on the earlier of the Revolving Maturity Date and the Termination Date.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Och-Ziff Capital Management Group LLC), Credit and Guaranty Agreement (Och-Ziff Capital Management Group LLC)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the applicable Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Sources: Credit Agreement (FutureFuel Corp.), Credit Agreement (FutureFuel Corp.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans denominated in U.S. Dollars (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, in no event shall the Outstanding Amount of Revolving Obligations exceed the lesser of (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure Borrowing Base as of any Lender shall not exceed such Lender’s Revolving Commitmentdate. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Sources: Credit Agreement (Physicians Realty Trust), Credit Agreement (Physicians Realty Trust)

Revolving Loans. During the Revolving Commitment Period, subject to each Lender that has a Revolving Commitment severally agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (a Revolving Loan or Revolving Loans to each such loan, a “Revolving Loan”) Borrower from time to the Borrower in an aggregate amount up time pursuant to but not exceeding such Lender’s Revolving Commitment, which Revolving Loans (i) may, except as set forth herein, at the option of each Revolving Borrower, be incurred and maintained as, or converted into, Revolving Loans that are Base Rate Loans, Eurodollar Loans or Foreign Currency Loans, in each case denominated in Dollars or a Designated Foreign Currency, provided that all Revolving Loans made as part of the same borrowing shall, unless otherwise specifically provided herein, be made to the same Revolving Borrower and consist of Revolving Loans of the same Type; provided(ii) may be repaid or prepaid and re-borrowed in accordance with the provisions hereof; and (iii) shall not be made if, that after giving effect to the making of any such Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (iiA) the Revolving Credit Exposure of any Lender shall not would exceed such Lender’s Revolving Commitment. Amounts borrowed , (B) the Aggregate Revolving Exposure would exceed the Total Revolving Commitment, or (C) any Borrower would be required to prepay Loans or cash collateralize Letters of Credit pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c3.02(b)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Sources: Credit Agreement (RPM International Inc/De/), Credit Agreement (RPM International Inc/De/)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender▇▇▇▇▇▇’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate SOFR Loans, or a combination thereof, as the applicable Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Sources: Credit Agreement (FutureFuel Corp.), Credit Agreement (FutureFuel Corp.)

Revolving Loans. During (A) Upon the Revolving Commitment Periodsatisfaction of the conditions precedent set forth in Sections 5.1 and 5.2, subject from and including the Closing Date and prior to the Termination Date, each Lender severally and not jointly agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans to the Borrowers from time to time, in Dollars or Eurocurrency Rate Loans in any Agreed Currency, in a Dollar Amount not to exceed such Lender’s Pro Rata Share of Revolving Credit Availability at such time (each such loanindividually, a “Revolving Loan” and, collectively, the “Revolving Loans) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment); provided, that however, that, after giving effect to the making of any such Revolving Loan, (i) the Total Dollar Amount of the Revolving Outstandings Credit Obligations shall not exceed the Aggregate Revolving Commitments, Loan Commitment and (ii) the Dollar Amount of the aggregate outstanding principal amount of Revolving Credit Exposure of any Lender Loans made hereunder in a currency other than Dollars or made to the Foreign Subsidiary Borrowers shall not exceed $200,000,000. Subject to the terms of this Agreement, the Borrowers may borrow, repay and reborrow Revolving Loans at any time prior to the Termination Date. At the relevant Borrower’s option (so long as such option is exercised in accordance with Sections 2.7 and 2.9 and the other terms and conditions of this Agreement), Revolving Loans shall be either Floating Rate Loans or Eurocurrency Rate Loans. On the Termination Date, the Borrowers shall repay in full the outstanding principal balance of the Revolving Loans. Each Advance under this Section 2.1 shall consist of Revolving Loans made by each Lender ratably in proportion to such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such daterespective Pro Rata Share.

Appears in 2 contracts

Sources: Credit Agreement (Woodward, Inc.), Credit Agreement (Woodward, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make certain revolving loans (hereinafter each such loan, revolving loan shall be referred to as a “Revolving Loan”) to Borrower from time to time, on any Business Day during the Borrower Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Loan Commitment; provided, however, that after giving effect to the making any Borrowing of any a Revolving Loan, (i) the Total Revolving Loan Outstandings shall not exceed the Aggregate Revolving Loan Commitments, and (ii) the aggregate Outstanding Revolving Credit Exposure Loan Amount of all Revolving Loans of any Lender Lender, plus such Lender’s Applicable Percentage of the Outstanding Revolving Loan Amount of all L/C Obligations shall not exceed such Lender’s Revolving Loan Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Loan Commitment, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.1(a) may be repaid 2.01(b), prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(b)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loansas further provided herein, or a combination thereof, as and the Borrower may request. Each Lender’s shall execute and deliver a Revolving Commitment shall expire on the Note to each Lender requesting a Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateNote.

Appears in 2 contracts

Sources: Credit Agreement (Mistras Group, Inc.), Credit Agreement (Mistras Group, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving loans denominated in U.S. Dollars (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Revolving Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) in no event shall the Total Outstanding Amount of Revolving Outstandings shall not Obligations exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Revolving Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Sources: Credit Agreement (Healthpeak Properties, Inc.), Credit Agreement (Physicians Realty Trust)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment and (iii) the aggregate Outstanding Amount of all Revolving Loans and L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 2 contracts

Sources: Credit Agreement (Dean Foods Co), Credit Agreement (WHITEWAVE FOODS Co)

Revolving Loans. During Upon the Revolving Commitment Periodexecution of this Agreement, the Lenders agree to extend to Borrower a line of credit, so that as long as no Default or Event of Default has occurred and is continuing and all conditions precedent to the making of any Extension of Credit have been satisfied, the Existing Lenders agree, subject to the terms and conditions provisions of Section 2.1.4.(b) hereof, to continue the Existing Loans and each Lender severally agrees to make revolving credit loans (each such loan, a “"Revolving Loan”Loans") from time to time during the Borrower Revolving Credit Period in an aggregate principal amount up at any one time not to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to exceed the making lesser of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitmentssuch Lender's Unused Commitment, and (ii) such Lender's Commitment Percentage of the Borrowing Base then in effect; provided, that in no event shall any Revolving Loan be made if, after giving effect to such Revolving Loan, the sum of the Unused Total Commitment Amount and the aggregate amount of Swingline Loans then outstanding would exceed the Total Commitment Amount (the "Line of Credit"). During the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on use the Revolving Commitment Termination Date Commitments by borrowing, prepaying Existing Loans and all Revolving Loans in whole or in part, and reborrowing, all other amounts owed hereunder in accordance with respect to the Revolving Loans terms and the Revolving Commitments shall be paid in full no later than such dateconditions hereof.

Appears in 2 contracts

Sources: Term Loan and Acquisition Credit Agreement (Alarmguard Holdings Inc), Term Loan and Acquisition Credit Agreement (Alarmguard Holdings Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans to the Borrower in Dollars, at any time and from time to time, during the period from the Effective Date to the Maturity Date (each such loan, a “Revolving Loan” and collectively the “Revolving Loans) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment); provided, however, that after giving effect to the making of any Revolving Loan, (ia) the Total sum of the aggregate amount of Revolving Outstandings Loans outstanding plus the aggregate amount of Swingline Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Aggregate Revolving CommitmentsCommitted Amount, and (iib) the with respect to each individual Revolving Credit Exposure Lender, such Revolving Lender’s pro rata share of any Lender outstanding Revolving Loans plus such Revolving Lender’s pro rata share of outstanding LOC Obligations plus its pro rata share of Swingline Loans shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during Commitment Percentage of the Revolving Commitment PeriodCommitted Amount. The Revolving Loans may consist Subject to the terms of Base Rate Loansthis Credit Agreement, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, repay and reborrow Revolving Loans. Each Lender’s Revolving Commitment Unless earlier terminated pursuant to other provisions of this Credit Agreement, the Commitments hereunder shall expire terminate on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateMaturity Date.

Appears in 2 contracts

Sources: Credit Agreement (Spectra Energy Partners, LP), Credit Agreement (Spectra Energy Partners, LP)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each such loan, a the “Revolving LoanLoans”) in one or more Approved Currencies to the Borrower in an aggregate amount up from time to but not exceeding such Lender’s time on any Business Day prior to the Revolving CommitmentTermination Date; provided, provided that after giving effect to the making of any such Revolving Loan, (i) with respect to the Total Revolving Outstandings Lenders collectively, the Outstanding Amount of Revolving Obligations shall not exceed the Aggregate Revolving Commitments, and (ii) the with respect to each Revolving Credit Exposure of any Lender shall not exceed individually, such Lender’s Revolving Commitment Percentage of the Outstanding Amount of Revolving Obligations shall not exceed its respective Revolving Commitment. Amounts borrowed pursuant , and (iii) with respect to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Lenders collectively, the Outstanding Amount of Revolving Loans and L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Revolving Loans denominated in Dollars may consist of Base Rate Loans, Adjusted LIBOR Eurodollar Rate Loans, Loans or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the denominated in an Alternative Currency must consist of Eurodollar Rate Loans. Revolving Loans may be repaid and reborrowed in accordance with the Revolving Commitments shall be paid in full no later than such dateprovisions hereof.

Appears in 2 contracts

Sources: Credit Agreement (Interval Leisure Group, Inc.), Credit Agreement (Interval Leisure Group, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrower, in Dollars from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR as further provided herein; provided, however, any Revolving Borrowings made on the Closing Date shall be made as Base Rate Loans, or a combination thereof, as Loans unless the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect delivers a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateBorrowing.

Appears in 2 contracts

Sources: Credit Agreement (Vertex Pharmaceuticals Inc / Ma), Credit Agreement (Vertex Pharmaceuticals Inc / Ma)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereof, each Revolving Lender severally and not jointly agrees to make revolving one or more loans (each such loaneach, a “Revolving Loan”) to the Borrower in an aggregate amount up submitting a Borrowing Request from time to but not exceeding such Lender’s time on and after the Closing Date prior to the Revolving CommitmentCommitment Termination Date on a revolving basis; provided, however, that no Lender shall be required to make any Revolving Loan if, immediately after giving effect to the making of any Revolving Loanthereto, (i) the Total aggregate Revolving Outstandings shall not Credit Exposure of all Revolving Lenders would thereby exceed the Aggregate Revolving Commitments, and Credit Commitment Amount then in effect or (ii) the Revolving Credit Exposure of any such Lender shall not would thereby exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the its Revolving Commitment Periodthen in effect. The Each Borrowing of Revolving Loans shall be made ratably from the Lenders in proportion to their respective Revolving Percentages. Revolving Loans may consist be repaid, in whole or in part, and all or any portion of Base Rate Loansthe principal amounts thereof reborrowed, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on from time to time before the Revolving Commitment Termination Date Date, subject to the terms and all conditions hereof. Funding of any Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateDollars.

Appears in 2 contracts

Sources: Credit Agreement (Seacor Holdings Inc /New/), Credit Agreement (Seacor Holdings Inc /New/)

Revolving Loans. During the Revolving Commitment Period, subject (a) Subject to the terms and conditions hereof, hereof each Lender severally agrees to make revolving credit loans (each such loan, a “Revolving Loans”) (provided that any repricing or conversion of an outstanding Revolving Loan shall not be considered a making of a Revolving Loan) to the Borrower in Dollars or in one or more Alternative Currencies from time to time during the Commitment Period, in each case, in an aggregate principal amount up at any one time outstanding not to but not exceeding exceed the amount of such Lender▇▇▇▇▇▇’s Revolving Commitment; providedprovided that no Lender shall be obligated to make a Revolving Loan if, that after giving effect to the making of any such Revolving Loan, such ▇▇▇▇▇▇’s Available Commitment would be less than zero Dollars (i) $0). During the Total Commitment Period the Borrower may use the Commitments by borrowing, prepaying the Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsLoans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. (iib) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base from time to time be (i) Term SOFR Loans, (ii) ABR Loans, (iii) Alternative Currency Daily Rate Loans, Adjusted LIBOR (iv) Alternative Currency Term Rate Loans, or (v) a combination thereof, as determined by the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect notified to the Revolving Loans Administrative Agent in accordance with Sections 2.2 and the Revolving Commitments shall be paid in full no later than such date3.3.

Appears in 2 contracts

Sources: Credit Agreement (Affiliated Managers Group, Inc.), Credit Agreement (Affiliated Managers Group, Inc.)

Revolving Loans. During Subject to the terms and conditions set forth in this Agreement, each Revolving Loan Lender severally agrees to make one or more loans on a revolving basis to Borrower (each a “Revolving Loan”) in Dollars from time to time until the Maturity Date in such Revolving Loan Lender’s Pro Rata Share of such aggregate amounts as Borrower may from time to time request from all such Revolving Loan Lenders; provided, however, that (i) the Revolving Commitment PeriodOutstandings of all Revolving Loan Lenders shall not exceed at any time the combined Revolving Commitments, as the same may be from time to time adjusted in accordance with this Agreement; and (ii) the Revolving Outstandings of each Revolving Loan Lender shall not at any time exceed such Revolving Loan Lender’s Revolving Commitment, as the same may be from time to time adjusted in accordance with this Agreement. The Revolving Loans shall be repaid in accordance with Sections 2.02 and Section 2.03. The Revolving Loans are a revolving credit and, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loanBorrower may borrow, a “prepay and reborrow Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed Loans as set forth herein without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datepenalty.

Appears in 2 contracts

Sources: Credit Agreement (Fusion Telecommunications International Inc), Credit Agreement (Fusion Telecommunications International Inc)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving loans denominated in U.S. Dollars (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Revolving Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, in no event shall the Outstanding Amount of Revolving Obligations exceed the lesser of (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure Borrowing Base as of any Lender shall not exceed such Lender’s Revolving Commitmentdate. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Revolving Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Sources: Credit Agreement (Physicians Realty L.P.), Credit Agreement (Physicians Realty Trust)

Revolving Loans. During From and including the Revolving Commitment PeriodClosing Date and prior to the Facility Termination Date, subject to upon the satisfaction of the conditions precedent set forth in Section 4.03, each Lender severally and not jointly agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower in an (at the Borrower’s election) Dollars or (other than in the case of Alternate Base Rate Loans) a Foreign Currency from time to time in amounts not to exceed in the aggregate amount up to but not exceeding such Lender’s Revolving at any one time outstanding its Pro Rata Share of the Aggregate Commitment; provided, provided that after giving effect to the making of any such Revolving Loan, (i) the Total Revolving Outstandings Aggregate Outstanding Credit Exposure shall not exceed the Aggregate Revolving Commitments, Commitment at such time and (ii) the Revolving Outstanding Credit Exposure of any such Lender shall not exceed such Lender’s Revolving CommitmentCommitment at such time. Amounts borrowed pursuant Subject to the terms of this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate LoansAgreement, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, repay and re-borrow Revolving Loans at any time prior to the Facility Termination Date. The Commitments to lend hereunder shall expire automatically on the Facility Termination Date. Each Lender’s Revolving Commitment Borrowing made under this Section 2.01(a) shall expire on the Revolving Commitment Termination Date and all consist of Revolving Loans and all other amounts owed hereunder made from the several Lenders in accordance with respect to their respective Pro Rata Shares of the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateAggregate Commitment.

Appears in 2 contracts

Sources: Credit Agreement (GXO Logistics, Inc.), Credit Agreement (XPO Logistics, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, : (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, ; and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Sources: Credit Agreement (Heritage Insurance Holdings, Inc.), Credit Agreement (Heritage Insurance Holdings, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Each Lender severally agrees to will make revolving loans (each such loan, a "Revolving Loan") to the Borrower from time to time, on any Business Day during the Revolving Loan Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s 's Revolving Commitment; provided, however, that after giving effect to the making of any Revolving Loansuch Borrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender's Applicable Revolving Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s 's Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender's Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans under this Section 2.1(a) may be repaid 2.01(a), prepay Revolving Loans under Section 2.05, and reborrowed without premium or penalty (subject to reborrow Revolving Loans under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 2 contracts

Sources: Credit Agreement (Global Signal Inc), Credit Agreement (Global Signal Inc)

Revolving Loans. During From and including the Revolving Commitment PeriodEffective Date and prior to the Facility Termination Date, subject to upon the satisfaction of the conditions precedent set forth in Section 4.02, each Lender severally and not jointly agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower in an Dollars from time to time in amounts not to exceed in the aggregate amount up to but not exceeding such Lender’s Revolving at any one time outstanding its Pro Rata Share of the Aggregate Commitment; provided, provided that after giving effect to the making of any such Revolving Loan, (i) the Total Revolving Outstandings Aggregate Outstanding Credit Exposure shall not exceed the Aggregate Revolving CommitmentsCommitment at such time, and (ii) the Revolving Outstanding Credit Exposure of any such Lender shall not exceed such Lender▇▇▇▇▇▇’s Revolving CommitmentCommitment at such time and (iii) in the case of the Certain Funds Advance, the Certain Funds Advance shall not exceed the Certain Funds Sublimit. Amounts borrowed pursuant Subject to the terms of this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate LoansAgreement, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, repay and re-borrow Revolving Loans at any time prior to the Facility Termination Date. The Commitments to lend hereunder shall expire automatically on the Facility Termination Date. Each Lender’s Revolving Commitment Borrowing made under this Section 2.01(a) shall expire on the Revolving Commitment Termination Date and all consist of Revolving Loans and all other amounts owed hereunder made from the several Lenders in accordance with respect to their respective Pro Rata Shares of the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateAggregate Commitment.

Appears in 2 contracts

Sources: Credit Agreement (Dick's Sporting Goods, Inc.), Credit Agreement (Dick's Sporting Goods, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each such loan, a the “Revolving LoanLoans”) to the Parent Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitmenton any Business Day; provided, provided that after giving effect to the making of any such Revolving Loan, (i) with regard to the Revolving Lenders collectively, the aggregate Outstanding Amount of Revolving Obligations shall not exceed the lesser of (x) THREE HUNDRED MILLION DOLLARS ($300,000,000) (as such amount may be increased or decreased in accordance with the provisions hereof (including, without limitation, Section 2.01(e) and Section 2.19), the “Aggregate Revolving Committed Amount”) and (y) the Borrowing Base Amount for such date, (ii) with regard to each Revolving Lender individually, such Revolving Lender’s Revolving Commitment Percentage of Revolving Obligations shall not exceed its respective Revolving Committed Amount and (iii) the Total Revolving Outstandings shall not exceed the lesser of (x) the sum of the Outstanding Amount of the Term Loans and the Aggregate Revolving Commitments, Commitments and (iiy) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving CommitmentBorrowing Base Amount. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Eurodollar Loans, or a combination thereof, as provided herein, and may be repaid and reborrowed in accordance with the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateprovisions hereof.

Appears in 2 contracts

Sources: Credit Agreement (Aviv Reit, Inc.), Credit Agreement (Aviv Reit, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans to the Borrower in Dollars, at any time and from time to time, during the period from the Effective Date to the Maturity Date (each such loan, a “Revolving Loan” and collectively the “Revolving Loans) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment); provided, however, that after giving effect to the making of any Revolving Loan, (ia) the Total sum of the aggregate amount of Revolving Outstandings Loans outstanding plus the aggregate amount of Swingline Loans outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Aggregate Revolving Commitments, Committed Amount and (iib) the with respect to each individual Revolving Credit Exposure Lender, such Revolving Lender’s pro rata share of any Lender outstanding Revolving Loans plus such Revolving Lender’s pro rata share of outstanding LOC Obligations plus its pro rata share of Swingline Loans shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during Commitment Percentage of the Revolving Commitment PeriodCommitted Amount. The Revolving Loans may consist Subject to the terms of Base Rate Loansthis Credit Agreement, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, repay and reborrow Revolving Loans. Each Lender’s Revolving Commitment Unless earlier terminated pursuant to other provisions of this Credit Agreement, the Commitments hereunder shall expire terminate on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateMaturity Date.

Appears in 2 contracts

Sources: Credit Agreement (DCP Midstream Partners, LP), Credit Agreement (DCP Midstream Partners, LP)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrower, in Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsFacility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving ▇▇▇▇▇▇’s Revolving Commitment (including each 2021 Revolving Lender’s 2021 Revolving Commitment), and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist be Base Rate Loans or Term SOFR Loans, as further provided herein; provided, however, any Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 2 contracts

Sources: Credit Agreement (Digital Turbine, Inc.), Amended and Restated Credit Agreement (Digital Turbine, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving CommitmentCommitment and (iii) Availability shall be greater than or equal to $0. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period, subject to Availability. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date. Revolving Loans outstanding on the Closing Date shall not exceed $50,000,000.

Appears in 2 contracts

Sources: Credit Agreement (Sun Communities Inc), Credit Agreement (Sun Communities Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans to the Borrower (each such loan, a “Revolving Loan”) in Dollars from time to time on any Business Day (subsequent to the Borrower Closing Date) during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total total Revolving Outstandings Exposures shall not exceed the Aggregate total Revolving Commitments, and (ii) the Revolving Credit Exposure of any each Revolving Lender shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.04, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or LIBOR Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Providence Service Corp), Credit and Guaranty Agreement (Providence Service Corp)

Revolving Loans. During (a) Each Lender agrees to make loans (“Revolving Loans”) to the Borrower from time to time during the Availability Period in amounts not to exceed (except for the Swingline Lender with respect to Swingline Loans) such Lender’s Revolving Facility Percentage of the Borrowing Base, and in an aggregate principal amount that will not result in (i) such Lender’s Revolving Facility Credit Exposure exceeding such Lender’s Revolving Facility Commitment Period, or (ii) the total Revolving Facility Credit Exposure exceeding the Total Revolving Facility Commitments; provided that for the avoidance of doubt such Revolving Loans shall not exceed the Line Cap. Within the foregoing limits and subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s borrow, prepay and reborrow Revolving Commitment shall expire Loans. (b) Notwithstanding the foregoing, on the Revolving Commitment Termination Closing Date and all only the following Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall will be paid in full no later than such date.made available:

Appears in 2 contracts

Sources: Revolving Credit Agreement (PET Acquisition LLC), Revolving Credit Agreement (PET Acquisition LLC)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving loans (each such loanmake, a “during the Availability Period, Revolving Loan”) Loans in Dollars to the Borrower from time to time in an aggregate amount up to but that shall not exceeding result in (i) such Revolving Lender’s Revolving Commitment; provided, that after giving effect to the making of any Exposure exceeding such Revolving Loan, (i) the Total ▇▇▇▇▇▇’s Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and Commitment or (ii) the total Revolving Credit Exposure of any Lender shall not exceed such Lender’s all Revolving CommitmentLenders exceeding the total Revolving Commitments. Amounts borrowed pursuant to this Section 2.1(a) may be repaid Within the foregoing limits and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loansterms and conditions set forth herein, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, prepay and reborrow Revolving Loans. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other All amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datethe Revolving Maturity Date. Each Revolving Lender’s Revolving Commitment shall terminate immediately and without further action on the earlier of the Revolving Maturity Date and the Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Sculptor Capital Management, Inc.)

Revolving Loans. During Upon the Revolving Commitment Periodsatisfaction of the conditions precedent set forth in SECTIONS 5.1 and 5.2, subject from and including the date of this Agreement and prior to the Termination Date, each Lender severally and not jointly agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans to any Borrower from time to time, in Dollars, in an amount not to exceed such Lender's Pro Rata Share of Revolving Credit Availability at such time (each such loanindividually, a "REVOLVING LOAN" and, collectively, the "REVOLVING LOANS"); PROVIDED, HOWEVER, at no time shall the Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not Credit Obligations exceed the Aggregate Revolving CommitmentsLoan Commitment or the Borrowing Base. Subject to the terms of this Agreement, any Borrower may borrow, repay and (ii) reborrow Revolving Loans at any time prior to the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment PeriodTermination Date. The Revolving Loans made on the Closing Date shall initially be Floating Rate Loans and thereafter may be continued as Floating Rate Loans or converted into Eurodollar Rate Loans in the manner provided in SECTION 2.8 and subject to the other conditions and limitations therein set forth and set forth in this ARTICLE II. On the Termination Date, the applicable Borrower shall repay in full the outstanding principal balance of the Revolving Loans. Each Advance under this SECTION 2.1 shall consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect made by each Lender ratably in proportion to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateLender's respective Pro Rata Share.

Appears in 1 contract

Sources: Credit Agreement (American Architectural Products Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a "Revolving Loan") to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s 's Revolving Credit Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Aggregate Revolving Credit Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender's Pro Rata Revolving Share of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s 's Revolving Credit Commitment. Amounts borrowed pursuant Within the limits of each Revolving Lender's Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.02, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.02. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Sources: Credit Agreement (Main Street Restaurant Group, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that that, after giving effect to the making of any Revolving Loan, : (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, ; and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (Heritage Insurance Holdings, Inc.)

Revolving Loans. During From and including the Revolving Commitment PeriodEffective Date and prior to the Facility Termination Date, subject to upon the satisfaction of the conditions precedent set forth in Section 4.03, each Lender severally and not jointly agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower in (at the Borrower’s election) Dollars or (other than in the case of Alternate Base Rate Loans) an Alternative Currency from time to time in amounts not to exceed in the aggregate amount up to but not exceeding such Lender’s Revolving at any one time outstanding its Pro Rata Share of the Aggregate Commitment; provided, provided that after giving effect to the making of any such Revolving Loan, (i) the Total Revolving Outstandings Aggregate Outstanding Credit Exposure shall not exceed the Aggregate Revolving Commitments, Commitment at such time and (ii) the Revolving Outstanding Credit Exposure of any such Lender shall not exceed such LenderL▇▇▇▇▇’s Revolving CommitmentCommitment at such time. Amounts borrowed pursuant Subject to the terms of this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate LoansAgreement, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, repay and re-borrow Revolving Loans at any time prior to the Facility Termination Date. The Commitments to lend hereunder shall expire automatically on the Facility Termination Date. Each Lender’s Revolving Commitment Borrowing made under this Section 2.01(a) shall expire on the Revolving Commitment Termination Date and all consist of Revolving Loans and all other amounts owed hereunder made from the several Lenders in accordance with respect to their respective Pro Rata Shares of the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateAggregate Commitment.

Appears in 1 contract

Sources: Credit Agreement (GXO Logistics, Inc.)

Revolving Loans. During (A) Upon the Revolving Commitment Periodsatisfaction of the conditions precedent set forth in Sections 5.1 and 5.2, subject from and including the Closing Date and prior to the Termination Date, each Lender severally and not jointly agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans to the Borrower from time to time, in Dollars or Eurocurrency Rate Loans in any Agreed Currency, in a Dollar Amount not to exceed such Lender’s Pro Rata Share of Revolving Credit Availability at such time (each such loanindividually, a “Revolving Loan” and, collectively, the “Revolving Loans) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment); provided, that however, that, after giving effect to the making of any such Revolving Loan, (i) the Total Dollar Amount of the Revolving Outstandings Credit Obligations shall not exceed the Aggregate Revolving Commitments, Loan Commitment and (ii) the Dollar Amount of the aggregate outstanding principal amount of Revolving Credit Exposure of any Lender Loans made hereunder in a currency other than Dollars shall not exceed $25,000,000. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Revolving Loans at any time prior to the Termination Date. At the Borrower’s option (so long as such option is exercised in accordance with Sections 2.7 and 2.9 and the other terms and conditions of this Agreement), Revolving Loans shall be either Floating Rate Loans or Eurocurrency Rate Loans. On the Termination Date, the Borrower shall repay in full the outstanding principal balance of the Revolving Loans. Each Advance under this Section 2.1 shall consist of Revolving Loans made by each Lender ratably in proportion to such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such daterespective Pro Rata Share.

Appears in 1 contract

Sources: Credit Agreement (Woodward Governor Co)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.04, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Sources: Credit Agreement (McAfee, Inc.)

Revolving Loans. During Making the Revolving Commitment PeriodLoans. From and including the Closing Date and prior to the Revolving Loan Termination Date, subject to each Lender severally agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower from time to time in an amounts not to exceed in the aggregate at any one time outstanding the amount up of its Revolving Loan Commitment (each individually a "Revolving Loan" and, collectively, the "Revolving Loans"). Each Advance under this Section 2.2.1 shall consist of Revolving Loans made by each Lender ratably in proportion to but not exceeding such Lender’s Revolving Commitment; provided's respective Pro Rata Share, it being understood that after giving effect no Lender shall be responsible for any failure by any other Lender to the making of perform its obligation to make any Revolving Loan, (i) the Total Revolving Outstandings Loan hereunder nor shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure Loan Commitment of any Lender shall not exceed be increased or decreased as a result of any such Lender’s failure. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Revolving Commitment. Amounts borrowed pursuant Loans at any time prior to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment PeriodLoan Termination Date. The Revolving Loans may consist Loan Commitments of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment Lenders shall expire on the Revolving Commitment Loan Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateDate.

Appears in 1 contract

Sources: Credit Agreement (Unifab International Inc)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender▇▇▇▇▇▇’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate SOFR Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (AdaptHealth Corp.)

Revolving Loans. During (a) Upon the satisfaction of the conditions precedent set forth in Sections 5.1 and 5.2, as applicable, from and including the date of this Agreement and prior to the Termination Date, each Revolving Commitment PeriodLender severally and not jointly agrees, subject to on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower from time to time, in Dollars, in an aggregate amount up not to but not exceeding exceed the lesser of (i) such Revolving Lender’s 's Revolving CommitmentLoan Pro Rata Share of the Revolving Credit Availability at such time and (ii) such Revolving Lender's Revolving Loan Commitment (each individually, a "Revolving Loan" and, collectively, the "Revolving Loans"); provided, that after giving effect to however, at no time shall the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not Credit Obligations exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Loan Commitment. Amounts borrowed pursuant Subject to the terms of this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate LoansAgreement, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, repay and reborrow Revolving Loans at any time prior to the Termination Date. On the Termination Date, the Borrower shall repay in full the outstanding principal balance of the Revolving Loans. Each Lender’s Revolving Commitment Advance under this Section 2.2 shall expire on the Revolving Commitment Termination Date and all consist of Revolving Loans and all other amounts owed hereunder with respect made by each Revolving Lender ratably in proportion to the such Revolving Loans and the Lender's respective Revolving Commitments shall be paid in full no later than such dateLoan Pro Rata Share.

Appears in 1 contract

Sources: Credit Agreement (CTS Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower Borrowers at any time and from time to time during the Availability Period in an aggregate principal amount up to but that will not result in (i) such Lender’s Revolving Exposure exceeding such Lender’s Revolving CommitmentCommitments or (ii) the Aggregate Revolving Exposure exceeding the lesser of the Aggregate Revolving Commitment and the Applicable Borrowing Base then in effect, provided that (A) the Lenders shall be under no obligation to fund any Revolving A Loan unless the Borrowers have borrowed the full amount of the aggregate Revolving A-1 Commitments (to the extent that such Revolving A-1 Commitments have not been terminated); provided(B) the aggregate outstanding amount of the Revolving A-1 Loans shall not exceed the aggregate amount of Revolving A-1 Commitments, that (C) Excess Availability shall not be less than $7,500,000 before or after giving effect to the making of any requested Revolving Loan, and (iD) the Total Aggregate Revolving Outstandings Exposures shall not exceed the Aggregate Revolving Commitments, . Within the foregoing limits and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Revolving Credit Agreement (Joe's Jeans Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrower, in Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, that that, after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, Facility and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR as further provided herein; provided, that, any Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans, or a combination thereof, as Loans unless the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect delivers a customary funding indemnity letter not less than three (3) Business Days prior to the date of such Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateBorrowing.

Appears in 1 contract

Sources: Credit Agreement (Zynga Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving loans (each such loanmake, a “during the Availability Period, Revolving Loan”) Loans in Dollars to the Borrower from time to time in an aggregate amount up to but that shall not exceeding result in (i) such Revolving Lender’s Revolving Commitment; provided, that after giving effect to the making of any Exposure exceeding such Revolving Loan, (i) the Total Lender’s Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and Commitment or (ii) the total Revolving Credit Exposure of any Lender shall not exceed such Lender’s all Revolving CommitmentLenders exceeding the total Revolving Commitments. Amounts borrowed pursuant to this Section 2.1(a) may be repaid Within the foregoing limits and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loansterms and conditions set forth herein, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, prepay and reborrow Revolving Loans. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other All amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datethe Revolving Maturity Date. Each Revolving Lender’s Revolving Commitment shall terminate immediately and without further action on the earlier of the Revolving Maturity Date and the Termination Date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Sculptor Capital Management, Inc.)

Revolving Loans. During the Revolving Commitment Availability Period, subject to each Lender severally, and not jointly, agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loan, a Revolving Loan”) Loan or Revolving Loans to the Borrower in an aggregate amount up from time to but not exceeding time pursuant to such Lender’s Revolving Commitment, which Revolving Loans: (i) may, except as set forth herein, at the option of the Borrower, be incurred and maintained as, or converted into, Revolving Loans that are Base Rate Loans or SOFR Loans, in each case denominated in Dollars or in an Alternative Currency, as applicable, provided that all Revolving Loans made as part of the same Revolving Borrowing shall consist of Revolving Loans of the same Type; provided(ii) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; and (iii) shall not be made if, that after giving effect to the making of any such Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (iiA) the Revolving Credit Exposure of any Lender shall not would exceed such Lender▇▇▇▇▇▇’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a, or (B) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the aggregate Revolving Commitment PeriodCredit Exposure plus the principal amount of Swingline Loans would exceed the Maximum Loan Available Amount. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or to be made by each Lender will be made by such Lender on a combination thereof, as the Borrower may request. Each Lenderpro rata basis based upon such ▇▇▇▇▇▇’s Revolving Commitment shall expire on the Loan Applicable Percentage of each Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder Borrowing, in each case in accordance with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateSection 2.02 hereof.

Appears in 1 contract

Sources: Credit Agreement (SmartStop Self Storage REIT, Inc.)

Revolving Loans. During Each Lender agrees, severally to the extent of its Revolving Commitment and not jointly with the other Lenders, upon the terms and subject to the conditions set forth herein, to make Revolving Loans to Borrowers on any Business Day during the period from the Closing Date through the Business Day before the last day of the Term, not to exceed in aggregate principal amount outstanding at any time such ▇▇▇▇▇▇'s Revolving Commitment at such time, which Revolving Loans may be repaid and reborrowed in accordance with the provisions of this Agreement; provided, however, that, except as provided in Section 2.2(b)(ii), Lenders shall have no obligation to Borrowers whatsoever to honor any request for a Revolving Loan on or after the Revolving Commitment PeriodTermination Date or if at the time of the proposed funding thereof the aggregate Working Capital Obligations then outstanding and Pending Revolving Loans exceeds, subject to or would exceed after the terms and conditions hereof, each Lender severally agrees to make revolving loans (each funding of such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, the lesser of (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and Borrowing Base or (ii) the Revolving Credit Exposure Commitments. Each borrowing of any Lender Revolving Loans shall not exceed such Lender’s be funded by Lenders on a Pro Rata basis in accordance with their respective Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment PeriodCommitments. The Revolving Loans may shall bear interest as set forth in Section 2.5 hereof. Each Revolving Loan shall, at the option of Borrowers, be made or continued as, or converted into, part of one or more borrowings that, unless specifically provided herein, shall consist entirely of Base Rate Loans, Adjusted LIR Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Senior Secured Revolving Credit and Guaranty Agreement (Euramax Holdings, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, provided that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Term SOFR Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (Computer Programs & Systems Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the any Borrower in an aggregate amount up Dollars pursuant to but this Section 2.01(a) from time to time during the Revolving Availability Period in amounts such that its Revolving Outstandings shall not exceeding such Lender’s Revolving Commitment; provided, that exceed (after giving effect to all Revolving Loans repaid, all reimbursements of L/C Disbursements made, and all Refunded Swing Line Loans paid concurrently with the making of any Revolving Loans) its Revolving Commitment; provided that, immediately after giving effect to each such Revolving Loan, (i) the Total aggregate Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, Committed Amount and (ii) with respect to each Revolving Lender individually, such Lender’s outstanding Revolving Loans plus its (other than the Revolving Credit Exposure of any Lender Swing Line Lender’s in its capacity as such) Participation Interests in outstanding Swing Line Loans plus its Participation Interests in outstanding L/C Obligations shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during Commitment Percentage of the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.- 63 -

Appears in 1 contract

Sources: Credit Agreement (Jazz Pharmaceuticals PLC)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans to the Borrower Representative, upon request by the Borrower Representative, on behalf of the Borrowers (each such loan, a “Revolving Loan”) in Dollars from time to time on any Business Day during the Borrower Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total total Revolving Outstandings Exposures shall not exceed the Aggregate total Revolving Commitments, Commitments and (ii) the Revolving Credit Exposure of any each Revolving Lender shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower Representative on behalf of the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, that all Borrowings made on the Closing Date shall be made as Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Abovenet Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, provided that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) with regard to the Revolving Lenders collectively, the Total Revolving Outstandings shall not exceed FIVE HUNDRED MILLION DOLLARS ($500,000,000) (as such amount may be increased or decreased in accordance with the provisions hereof, the “Aggregate Revolving Commitments, Committed Amount”) and (ii) the with regard to each Revolving Credit Lender individually, such Revolving Lender’s Revolving Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving L▇▇▇▇▇’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Term SOFR Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Sources: Credit Agreement (Armstrong World Industries Inc)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, in no event shall the Outstanding Amount of Revolving Obligations exceed the lesser of (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure Borrowing Base as of any Lender shall not exceed such Lender’s Revolving Commitmentdate. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (Physicians Realty Trust)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (each such loan, a the “Revolving LoanLoans”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving CommitmentDollars or in one or more Alternative Currencies, on any Business Day; provided, provided that after giving effect to the making of any such Revolving Loan, (i) with regard to the Total Revolving Outstandings Lenders collectively, the Outstanding Amount of Revolving Obligations shall not exceed ONE BILLION DOLLARS ($1,000,000,000) (as such amount may be increased or decreased in accordance with the provisions hereof, the “Aggregate Revolving Committed Amount”), (ii) with regard to each Revolving Lender individually, such Revolving Lender’s Revolving Commitment Percentage of Revolving Obligations shall not exceed its respective Revolving Committed Amount and (iii) the Outstanding Amount of Revolving Obligations denominated in Alternative Currencies shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving CommitmentAlternative Currency Sublimit. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Eurocurrency Rate Loans, Loans or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on , and may be made in Dollars or in one or more Alternative Currencies, and may be repaid and reborrowed in accordance with the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateprovisions hereof.

Appears in 1 contract

Sources: Credit Agreement (Directv)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofof this Agreement, each Lender severally agrees to make revolving loans (each such loanLoan, a “Revolving Loan”) to the Borrower in US Dollars from time to time, subject to the provisions of Section 2.4, from the Closing Date to the Maturity Date in an aggregate principal amount at any time outstanding up to but not exceeding the amount of such Lender’s Revolving CommitmentCommitment as then in effect; provided, that after giving effect to the making of any Revolving Loanhowever, (i) the aggregate Outstanding Amount of the Revolving Loans of such Lender shall not at any time exceed such Lender’s Revolving Commitment and (ii) the Total Revolving Outstandings shall not at any time exceed the Aggregate Revolving Commitments. Subject to the foregoing limitations, and (ii) the other terms and provisions of this Agreement, the Borrower may borrow, prepay and reborrow Revolving Credit Exposure Loans hereunder. Revolving Loans may be Base Rate Loans or Libor Loans. Until the Maturity Date, the Borrower may Continue Libor Loans or Convert Revolving Loans of any one Type into Revolving Loans of another Type. Each Type of Revolving Loan advanced by each Lender shall not exceed be established and maintained at such Lender’s Applicable Lending Office for such Type of Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateLoan.

Appears in 1 contract

Sources: 364 Day Credit Agreement (Williams Sonoma Inc)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, in no event shall (i) the Total Utilization of Revolving Outstandings shall not Commitments exceed the Aggregate Revolving Commitments, Commitments of all Lenders as of such date and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (EarthLink Holdings Corp.)

Revolving Loans. During (A) Upon the Revolving Commitment Periodsatisfaction of the conditions precedent set forth in Sections 5.1 and 5.2, subject from and including the Closing Date and prior to the Termination Date, each Lender severally and not jointly agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans to the Borrowers from time to time, in Dollars or Eurocurrency Rate Loans in any Agreed Currency, in a Dollar Amount not to exceed such Lender’s Pro Rata Share of Revolving Credit Availability at such time (each such loanindividually, a “Revolving Loan” and, collectively, the “Revolving Loans) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment); provided, that however, that, after giving effect to the making of any such Revolving Loan, (i) the Total Dollar Amount of the Revolving Outstandings Credit Obligations shall not exceed the Aggregate Revolving Commitments, Loan Commitment and (ii) the Dollar Amount of the aggregate outstanding principal amount of Revolving Credit Exposure of any Lender Loans made hereunder in a currency other than Dollars or made to the Foreign Subsidiary Borrowers shall not exceed $125,000,000. Subject to the terms of this Agreement, the Borrowers may borrow, repay and reborrow Revolving Loans at any time prior to the Termination Date. At the relevant Borrower’s option (so long as such option is exercised in accordance with Sections 2.7 and 2.9 and the other terms and conditions of this Agreement), Revolving Loans shall be either Floating Rate Loans or Eurocurrency Rate Loans. On the Termination Date, the Borrowers shall repay in full the outstanding principal balance of the Revolving Loans. Each Advance under this Section 2.1 shall consist of Revolving Loans made by each Lender ratably in proportion to such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such daterespective Pro Rata Share.

Appears in 1 contract

Sources: Credit Agreement (Woodward Governor Co)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrower, in Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, that that, after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsFacility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar RateTerm SOFR Loans, Adjusted LIBOR as further provided herein; provided, that, any Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans, or a combination thereof, as Loans unless the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect delivers a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateBorrowing.

Appears in 1 contract

Sources: Credit Agreement (Houlihan Lokey, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrower, in Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Revolving Commitment; provided, that that, after giving effect to the making of any Revolving LoanBorrowing, (ia) the Total Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsFacility, and (iib) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans, prepay Revolving Loans under Section 2.05, and reborrow Revolving Loans under this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or BSBY RateTerm SOFR Loans, Adjusted LIBOR as further provided herein; provided, that, any Revolving Borrowing made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans, or a combination thereof, as Loans unless the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect delivers a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateBorrowing.

Appears in 1 contract

Sources: Credit Agreement (Arhaus, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the any Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) in no event shall the Total Outstanding Amount of Revolving Outstandings shall not Obligations exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the applicable Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (Heckmann CORP)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans in Dollars (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender▇▇▇▇▇▇’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender▇▇▇▇▇▇’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Loan and Security Agreement (Guardian Pharmacy Services, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in any Agreed Currency from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, that that, after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, Commitments and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans under this Section 2.01(a), prepay Revolving Loans pursuant to Section 2.05(a), and reborrow Revolving Loans under this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Term SOFR Loans, Alternative Currency Daily Rate Loans, Alternative Currency Term Rate Loans or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Sources: Credit Agreement (Guidewire Software, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in an aggregate amount up to but not exceeding such Lender▇▇▇▇▇▇’s Revolving Commitment; providedprovided that, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender▇▇▇▇▇▇’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Maturity Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (BurgerFi International, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender▇▇▇▇▇▇’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate SOFR Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date. Notwithstanding anything herein to the contrary, any Revolving Loans repaid on or after the Amendment No. 13 Effective Date may not be reborrowed, and the Aggregate Revolving Commitments shall be reduced ratably on a dollar for dollar basis by the amount of any such repayment.

Appears in 1 contract

Sources: Credit Agreement (Ebix Inc)

Revolving Loans. During From and including the Revolving Commitment PeriodClosing Date and prior to the Facility Termination Date, subject to upon the satisfaction of the conditions precedent set forth in Section 4.03, each Lender severally and not jointly agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower in an (at the Borrower’s election) Dollars or (other than in the case of Alternate Base Rate Loans) a Foreign Currency from time to time in amounts not to exceed in the aggregate amount up to but not exceeding such Lender’s Revolving at any one time outstanding its Pro Rata Share of the Aggregate Commitment; provided, provided that after giving effect to the making of any such Revolving Loan, (i) the Total Revolving Outstandings Aggregate Outstanding Credit Exposure shall not exceed the Aggregate Revolving Commitments, Commitment at such time and (ii) the Revolving Outstanding Credit Exposure of any such Lender shall not exceed such LenderL▇▇▇▇▇’s Revolving CommitmentCommitment at such time. Amounts borrowed pursuant Subject to the terms of this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate LoansAgreement, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may requestborrow, repay and re-borrow Revolving Loans at any time prior to the Facility Termination Date. The Commitments to lend hereunder shall expire automatically on the Facility Termination Date. Each Lender’s Revolving Commitment Borrowing made under this Section 2.01(a) shall expire on the Revolving Commitment Termination Date and all consist of Revolving Loans and all other amounts owed hereunder made from the several Lenders in accordance with respect to their respective Pro Rata Shares of the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateAggregate Commitment.

Appears in 1 contract

Sources: Credit Agreement (GXO Logistics, Inc.)

Revolving Loans. During From and including the Revolving Commitment PeriodEffective Date and prior to the Facility Termination Date, subject to upon the satisfaction of the conditions precedent set forth in Section 4.02, each Lender severally and not jointly agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower Borrowers in an (at the applicable Borrower’s election) Dollars or (other than in the case of Alternate Base Rate Loans) a Foreign Currency from time to time in amounts not to exceed in the aggregate amount up to but not exceeding such Lender’s Revolving at any one time outstanding its Pro Rata Share of the Aggregate Commitment; provided, provided that after giving effect to the making of any such Revolving Loan, (i) the Total Revolving Outstandings Aggregate Outstanding Credit Exposure shall not exceed the Aggregate Revolving Commitments, Commitment at such time and (ii) the Revolving Outstanding Credit Exposure of any such Lender shall not exceed such Lender▇▇▇▇▇▇’s Commitment at such time. Subject to the terms of this Agreement, the Borrowers may borrow, repay and re-borrow Revolving CommitmentLoans at any time prior to the Facility Termination Date. Amounts borrowed pursuant The Commitments to lend hereunder shall expire automatically on the Facility Termination Date. Each Revolving Borrowing made under this Section 2.1(a2.01(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The shall consist of Revolving Loans may consist made from the several Lenders in accordance with their respective Pro Rata Shares of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateAggregate Commitment.

Appears in 1 contract

Sources: Credit Agreement (Salesforce, Inc.)

Revolving Loans. During Upon the execution of this Agreement, the Lenders with a Revolving Loan Commitment Periodagree to extend to Borrower a line of credit, subject so that as long as no Default or Event of Default has occurred and is continuing and all conditions precedent to the terms making of any Extension of Credit have been satisfied, such Lenders agree to continue the Existing Loans and conditions hereof, each such Lender severally agrees to make revolving credit loans (each such loan, a “"Revolving Loan”Loans") from time to time during the Borrower Revolving Credit Period in an aggregate principal amount up at any one time not to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to exceed the making lesser of any Revolving Loan, (i) the Total such Lender's Unused Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsLoan Commitment, and (ii) such Lender's Revolving Loan Commitment Percentage of the Borrowing Base then in effect; provided, that in no event shall any Revolving Loan be made if, after giving effect to such Revolving Loan, the sum of the Unused Total Revolving Loan Commitment Amount and the aggregate amount of Swingline Loans then outstanding would exceed the Total Revolving Loan Commitment Amount (the "Line of Credit"). During the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on use the Revolving Commitment Termination Date Loan Commitments by borrowing, prepaying Existing Loans and all Revolving Loans in whole or in part, and reborrowing, all other amounts owed hereunder in accordance with respect to the Revolving Loans terms and the Revolving Commitments shall be paid in full no later than such dateconditions hereof.

Appears in 1 contract

Sources: Term Loan and Acquisition Credit Agreement (Alarmguard Holdings Inc)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender▇▇▇▇▇▇’s Revolving Commitment; provided, provided that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender▇▇▇▇▇▇’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Term SOFR Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (TruBridge, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans Loans in Dollars to the Borrower (each such loanLoan, a "Revolving Loan”) "), from time to time on any Business Day during the period from the Closing Date to the Borrower Maturity Date, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s 's Revolving Loan Commitment; provided, however, that after giving effect to the making of any Revolving Loan, Borrowing (i) the Total aggregate Outstanding Amount of all Revolving Outstandings Loans shall not exceed the Aggregate Revolving Commitments, Commitments and (ii) the aggregate Outstanding Amount of all Revolving Credit Exposure Loans of any Revolving Lender shall not exceed such Lender’s 's Revolving Loan Commitment. Amounts borrowed pursuant Within the limits of each Revolving Lender's Revolving Loan Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.04, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or LIBO Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Sources: 364 Day Credit Agreement (Solectron Corp)

Revolving Loans. During Upon the satisfaction of the conditions precedent set forth in Sections 4.1 and 4.2 hereof, from and including the date of this Agreement and prior to the Termination Date, each Revolving Commitment PeriodLender severally and not jointly agrees, subject to on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower from time to time, in Dollars, in an amount not to exceed in the aggregate at any one time outstanding the amount up to but not exceeding of such Lender’s 's Revolving Loan Commitment; provided, however, that after giving effect to the making of any Revolving Loan, (i) the Total Aggregate Revolving Outstandings Loan Commitment shall not be deemed used from time to time to the extent of the aggregate Revolver L/C Obligations then outstanding, and such deemed use of the Aggregate Revolving Loan Commitment shall be applied to the Revolving Lenders ratably according to their respective Revolving Loan Commitments and (ii) at no time shall the Revolving Credit Obligations exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Loan Commitment. Amounts borrowed pursuant to Each Revolving Advance under this Section 2.1(a2.1(A) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The shall consist of Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each made by each Revolving Lender ratably in proportion to such Revolving Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.'s respective Revolving

Appears in 1 contract

Sources: Credit Agreement (Wabash National Corp /De)

Revolving Loans. (a) U.S. Revolving Commitments. During the U.S. Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “U.S. Revolving Loan”) Loans to the U.S. Borrower in an aggregate amount up to but not exceeding such Lender’s U.S. Revolving Commitment; provided, that after giving effect to the making of any U.S. Revolving Loan, (i) Loans in no event shall the Total Utilization of U.S. Revolving Outstandings shall not Commitments exceed the Aggregate U.S. Revolving Commitments, and (ii) Commitments then in effect. Loans in respect of the U.S. Revolving Credit Exposure of any Lender Commitments shall not exceed such Lender’s Revolving Commitmentbe drawn in Dollars. Amounts borrowed pursuant to this Section 2.1(a2.02(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the applicable Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s U.S. Revolving Commitment Commitments shall expire on the U.S. Revolving Commitment Termination Date and all U.S. Revolving Loans and all other amounts owed hereunder with respect to the U.S. Revolving Loans and the U.S. Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (PVH Corp. /De/)

Revolving Loans. During Subject to and in reliance upon the Revolving Commitment Periodterms, subject to conditions, representations, and warranties in the terms and conditions hereofLoan Documents, each Lender severally severally, but not jointly, agrees to make revolving loans (each such loan, loan a “Revolving Loan”) to Borrower from time to time on any Business Day during the Borrower period from the Second Amended and Restated Closing Date to the Maturity Date, in an aggregate amount up not to but exceed at any time outstanding the lesser of (i) the amount of such Lender’s Pro Rata Share of one or more Revolving Loan Borrowings not exceeding to exceed, when aggregated with the Outstanding Amount of the L/C Obligations, such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, Commitment and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Pro Rata Share of the Borrowing Base. Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) Loan Borrowings may be repaid and reborrowed without premium or penalty (subject from time to Section 3.1(c)) during time in accordance with the terms and provisions of the Loan Documents; provided that, each such Revolving Commitment PeriodLoan Borrowing must occur on a Business Day and no later than the Business Day immediately preceding the Maturity Date. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, all Revolving Loan Borrowings made on the Second Amended and Restated Closing Date shall be made as Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (Allis Chalmers Energy Inc.)

Revolving Loans. (a) U.S. Revolving Commitments. During the U.S. Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “U.S. Revolving Loan”) Loans to the U.S. Borrower in an aggregate amount up to but not exceeding such Lender’s U.S. Revolving Commitment; provided, that after giving effect to the making of any U.S. Revolving Loan, (i) Loans in no event shall the Total Utilization of U.S. Revolving Outstandings shall not Commitments exceed the Aggregate U.S. Revolving Commitments, and (ii) Commitments then in effect. Loans in respect of the U.S. Revolving Credit Exposure of any Lender Commitments shall not exceed such Lender’s Revolving Commitmentbe drawn in Dollars. Amounts borrowed pursuant to this Section 2.1(a2.02(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the applicable Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s U.S. Revolving Commitment Commitments shall expire on the U.S. Revolving Commitment Termination Date and all U.S. Revolving Loans extended with respect to such U.S. Revolving Commitments and all other amounts owed hereunder with respect to the U.S. Revolving Loans and the U.S. Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (PVH Corp. /De/)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, Commitments and (ii) the Revolving Credit Exposure of any Lender shall not exceed the lesser of such Lender’s Revolving Commitment and such Lender’s Applicable Percentage of the Aggregate Revolving Commitments. Within the limits of each Lender’s Revolving Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Loans or Eurodollar Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire further provided herein, provided, however, all Borrowings made on the Revolving Commitment Termination Closing Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datemade as Base Rate Loans.

Appears in 1 contract

Sources: Credit Agreement (Trex Co Inc)

Revolving Loans. (a) U.S. Revolving Commitments. During the U.S. Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “U.S. Revolving Loan”) Loans to the U.S. Borrower in an aggregate amount up to but not exceeding such Lender’s U.S. Revolving Commitment; provided, that after giving effect to the making of any U.S. Revolving Loan, (i) Loans in no event shall the Total Utilization of U.S. Revolving Outstandings shall not Commitments exceed the Aggregate U.S. Revolving Commitments, and (ii) Commitments then in effect. Loans in respect of the U.S. Revolving Credit Exposure of any Lender Commitments shall not exceed such Lender’s Revolving Commitmentbe drawn in Dollars. Amounts borrowed pursuant to this Section 2.1(a2.02(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the applicable Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s U.S. Revolving Commitment NY\6180200.13 Commitments shall expire on the U.S. Revolving Commitment Termination Date and all U.S. Revolving Loans and all other amounts owed hereunder with respect to the U.S. Revolving Loans and the U.S. Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (PVH Corp. /De/)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Credit Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender▇▇▇▇▇▇’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(aCredit Commitment and (iii) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist aggregate Outstanding Amount of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Revolving ▇▇▇▇▇▇’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.04, and reborrow under this Section 2.01. Revolving Loans and the Revolving Commitments shall may be paid in full no later than such dateBase Rate Loans or Eurocurrency Rate, Term SOFR Loans, Daily SOFR Loans or Alternative Currency Loans, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Kennedy-Wilson Holdings, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to each of the Borrower Borrowers in Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsFacility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may each borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Eurodollar Rate Loans, Adjusted LIBOR Rate Loansas further provided herein; provided, or a combination thereofhowever, as the Borrower may request. Each Lender’s any Revolving Commitment shall expire Borrowings made on the Revolving Commitment Termination Closing Date and all Revolving or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans and all other amounts owed hereunder with respect unless the Borrowers deliver a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Revolving Loans and the Revolving Commitments shall be paid in full no later than such dateBorrowing.

Appears in 1 contract

Sources: Credit Agreement (Movado Group Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender with a Revolving Commitment severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, that that, after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed Within the limits of each Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans under this Section 2.01(a), prepay Revolving Loans pursuant to Section 2.05(a), and reborrow Revolving Loans under this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Rate Loans or Term SOFR Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Sources: Credit Agreement (Concentrix Corp)

Revolving Loans. During the Revolving Commitment Credit Period, subject to each Revolving Lender severally agrees, on the terms and conditions hereofset forth in this Agreement, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower from time to time in amounts such that the Revolving Exposure of such Revolving Lender at such time shall not exceed the amount of its Revolving Commitment at such time. Each Borrowing under this subsection shall be in an aggregate principal amount up of $2,000,000 or any larger multiple of $1,000,000 and shall be made from the Revolving Lenders ratably in proportion to but not exceeding such Lender’s their respective Revolving CommitmentCommitments; provided, that after giving effect to the making failure of any Revolving Loan, (i) Lender at any time to fulfill its obligation to make a Revolving Loan on the Total Revolving Outstandings terms and conditions set forth in this Agreement shall not exceed in itself excuse any other Revolving Lender from its obligation to make a Revolving Loan. Within the Aggregate foregoing limits, the Borrower may borrow under this subsection, prepay Revolving Commitments, Loans to the extent permitted by Section 2.10 and (ii) reborrow at any time during the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Period under this subsection. After the Revolving Commitment. Amounts borrowed Credit Period, Loans made pursuant to this Section 2.1(a) may subsection will not be revolving in nature and amounts of such loans repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during prepaid after the end of the Revolving Commitment Period. The Revolving Loans Credit Period may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall not be paid in full no later than such datereborrowed.

Appears in 1 contract

Sources: Credit Agreement (Metro-Goldwyn-Mayer Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofcontained in this Agreement, including Section 1.6, each Lender severally agrees with a Revolving Loan Commitment shall (severally, not jointly and severally) from time to time during the Availability Period, at Borrowing Agent’s request, make revolving loans to Borrowers (each such loan, a “Revolving LoanLoans”) available to the Borrower Borrowers in an aggregate amount up not to but not exceeding exceed such Lender’s Pro Rata Share of such Revolving CommitmentLoans; provided, that (1) after giving effect to the making of any each such Revolving Loan, the outstanding balance of all Revolving Loans will not exceed the Maximum Revolving Facility Amount, less the amount of “Revolving Loans” outstanding under Pre-Petition Credit Agreement, and (i2) the Total aggregate amount of Revolving Outstandings Loans made by Lenders in any week shall not exceed the Aggregate Revolving Commitments, and (ii) “Total Disbursements” line item for such week set forth in the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium Initial Budget or penalty the Approved Budget (subject to Section 3.1(cPermitted Variances)) during . Any Revolving Loans repaid may be reborrowed in accordance with the terms herein. No Revolving Commitment Loans shall be advanced prior to the commencement of the Availability Period. The All Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid made in full no later than such dateand repayable in Dollars.

Appears in 1 contract

Sources: Super Priority Senior Secured Debtor in Possession Loan and Security Agreement (iMedia Brands, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender with a Revolving Commitment severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to Borrower from time to time, on any Business Day during the Borrower Availability Period for Revolving Loans, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender’s Revolving CommitmentCommitment at such time; provided, however, that after giving effect to the making any Borrowing of any Revolving Loan, Loans (i) the Total Outstandings of Letters of Credit, Revolving Outstandings Loans and Swing Line Loans shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate Outstanding Amount of the Revolving Credit Exposure Loans of any Lender Lender, plus such Lender’s Applicable Percentage for Revolving Loans of the Outstanding Amount of all L/C Obligations plus such Lender’s Applicable Percentage for Revolving Loans of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (American Vanguard Corp)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Credit Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender▇▇▇▇▇▇’s Revolving Credit Commitment and (iii) the aggregate Outstanding Amount of all Revolving Loans and L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Revolving ▇▇▇▇▇▇’s Revolving Credit Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.04, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans, Adjusted LIBOR Rate Term SOFR Loans, Daily SOFR Loans or a combination thereofAlternative Currency Loans, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Sources: Credit Agreement (Kennedy-Wilson Holdings, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such LenderRevolving ▇▇▇▇▇▇’s Revolving Commitment; provided, provided that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) with regard to the Revolving Lenders collectively, the Total Revolving Outstandings shall not exceed FIVE HUNDRED MILLION DOLLARS ($500,000,000) (as such amount may be increased or decreased in accordance with the provisions hereof, the “Aggregate Revolving Commitments, Committed Amount”) and (ii) the with regard to each Revolving Credit Lender individually, such Revolving Lender’s Revolving Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving ▇▇▇▇▇▇’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(a) may be repaid 2.01, prepay under Section 2.05, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist of be Base Rate Loans or Term SOFR Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Sources: Credit Agreement (Armstrong World Industries Inc)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender▇▇▇▇▇▇’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate SOFR Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date. Notwithstanding anything herein to the contrary, any Revolving Loans repaid on or after the Amendment No. 13 Effective Date may not be reborrowed, and the Aggregate Revolving Commitments shall be reduced ratably on a dollar for dollar basis by the amount of any such repayment.

Appears in 1 contract

Sources: Credit Agreement (Ebix Inc)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the lesser of (x) the Inventory Availability Amount and (y) the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate BSBY Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (Hibbett Inc)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans Revolving Loans (each such loan, a the “Revolving LoanLoans”) to the Borrower in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, (i) the Total Outstanding Amount of Revolving Outstandings Obligations shall not exceed TWO HUNDRED MILLION DOLLARS ($200,000,000) (as such amount may be increased or decreased in accordance with the provisions hereof, the “Aggregate Revolving Commitments”), and (ii) with regard to each Lender, such Lender’s Revolving Commitment Percentage of the Outstanding Amount of Revolving Credit Exposure of any Lender Obligations shall not exceed such Lender’s its Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist will be comprised of Adjusted LIBOR Rate Loans and Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (Pike Electric CORP)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to either of the Borrower Borrowers in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, in no event shall (i) the Total Utilization of Revolving Outstandings shall not Commitments exceed the Aggregate Revolving Commitments, Commitments of all Lenders as of such date and (ii) the aggregate Outstanding Amount of all Revolving Credit Exposure of any Lender shall not Loans made to the Designated Borrower exceed such Lender’s Revolving Commitmentthe Designated Borrower Sublimit. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (Earthlink Inc)

Revolving Loans. During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in an aggregate amount up to but not exceeding such Lender’s Revolving Commitment; providedprovided that, that after giving effect to the making of any Revolving Loan, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Maturity Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (BurgerFi International, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject (a) Subject to the terms and conditions hereof, hereof each Lender severally agrees to make revolving credit loans (each such loan, a “Revolving Loans”) (provided that any repricing or conversion of an outstanding Revolving Loan shall not be considered a making of a Revolving Loan) to the Borrower in Dollars or in one or more Alternative Currencies from time to time during the Commitment Period, in each case, in an aggregate principal amount up at any one time outstanding not to but not exceeding exceed the amount of such Lender▇▇▇▇▇▇’s Revolving Commitment; providedprovided that no Lender shall be obligated to make a Revolving Loan if, that after giving effect to the making of any such Revolving Loan, such ▇▇▇▇▇▇’s Available Commitment would be less than zero Dollars (i) $0). During the Total Commitment Period the Borrower may use the Commitments by borrowing, prepaying the Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsLoans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. (iib) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base from time to time be (i) EurodollarTerm SOFR Loans, (ii) ABR Loans, (iii) Alternative Currency Daily Rate Loans, Adjusted LIBOR (iv) Alternative Currency Term Rate Loans, or (v) a combination thereof, as determined by the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect notified to the Revolving Loans Administrative Agent in accordance with Sections 2.2 and the Revolving Commitments shall be paid in full no later than such date3.3.

Appears in 1 contract

Sources: Credit Agreement (Affiliated Managers Group, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving credit loans (each such loan, a “Revolving Loan”) to the Borrower Borrowers in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Credit Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Credit Commitment and (iii) the aggregate Outstanding Amount of all Loans and L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Revolving Lender’s Revolving Credit Commitment. Amounts borrowed pursuant , and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.04, and reborrowed without premium or penalty (subject to reborrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist of be Base Rate Loans or Eurocurrency Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such datefurther provided herein.

Appears in 1 contract

Sources: Credit Agreement (Kennedy-Wilson Holdings, Inc.)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally (and neither jointly nor jointly and severally) agrees to make revolving loans to the Borrower Representative for the benefit of the Borrowers (each such loan, a “Revolving Loan”) in Dollars from time to time on any Business Day during the Borrower Availability Period in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Revolving Lender’s Revolving Commitment; , provided, that after giving effect to the making any Borrowing of any Revolving LoanLoans, (i) the Total total Revolving Outstandings Exposure of all Revolving Lenders shall not exceed the Aggregate total Revolving CommitmentsCommitments of all Revolving Lenders, and (ii) the Revolving Credit Exposure of any each Revolving Lender shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving ▇▇▇▇▇▇’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower Representative on behalf of the Borrowers may borrow under this Section 2.1(a) may be repaid 2.01(a), prepay under Section 2.05, and reborrowed without premium or penalty (subject to re-borrow under this Section 3.1(c2.01(a)) during the Revolving Commitment Period. The Revolving Loans may consist be Base Rate Loans or Term SOFR Loans, as further provided herein, provided, however, that all Borrowings of Revolving Loans made on the Closing Date shall be made as Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Mesa Air Group Inc)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Lender Bank hereby severally agrees to make revolving loans (each such loan, a “Revolving Loan”) Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount up to but at any time that will not exceeding such Lender’s Revolving Commitment; provided, that after giving effect to the making of any Revolving Loan, result in (i) such Bank’s aggregate Revolving Credit Exposure exceeding such Bank’s Revolving Commitment or (ii) the Total sum of the aggregate Revolving Outstandings shall not exceed Credit Exposures of all Banks exceeding the Aggregate Revolving Commitments. During the Availability Period, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period. The Revolving Loans may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date borrow, prepay (as provided in Section 2.9 hereof) and all Revolving Loans and all other amounts owed hereunder with respect to reborrow the Revolving Loans in accordance with the terms and conditions of this Agreement; provided, that, notwithstanding anything to the contrary contained in this Agreement or any other Loan Document, any repayment or prepayment of Revolving Loans on or after the Fifth Amendment Effective Date shall permanently reduce and terminate the Aggregate Revolving Commitments shall be paid pursuant to Section 2.2 hereof in full no later than such datean amount equal to the principal amount so prepaid or repaid; provided, further, that, notwithstanding anything to the contrary contained in this Agreement or any other Loan Document, the Borrower may not borrow or reborrow any Loans at any time on or after the Fifth Amendment Effective Date.

Appears in 1 contract

Sources: Credit Agreement (National Consumer Cooperative Bank /Dc/)

Revolving Loans. During the Revolving Commitment Period, subject Subject to the terms and conditions hereofset forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrower Borrower, in Dollars, (and in no other currency), from time to time, on any Business Day during the Availability Period, in an aggregate amount up not to but not exceeding exceed at any time outstanding the amount of such Lender▇▇▇▇▇▇’s Revolving Commitment; provided, however, that after giving effect to the making of any Revolving LoanBorrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving CommitmentsFacility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed pursuant Within the limits of each Revolving ▇▇▇▇▇▇’s Revolving Commitment (including each 2021 Revolving Lender’s 2021 Revolving Commitment on the First Amendment Effective Date), and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.1(a) may be repaid and reborrowed without premium or penalty (subject to Section 3.1(c)) during the Revolving Commitment Period2.01. The Revolving Loans may consist be Base Rate Loans (to Original Borrower only) or Term SOFR Loans, as further provided herein; provided, however, any Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Sources: Credit Agreement (Digital Turbine, Inc.)