Common use of Same Day Loans Clause in Contracts

Same Day Loans. (a) Subject to the terms and conditions set forth herein, the Same Day Lender agrees to make Same Day Loans to the Borrowers from time to time during the Commitment Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Same Day Loans exceeding $50,000,000 or (ii) the aggregate principal amount of outstanding Loans exceeding $400,000,000. Same Day borrowings under the Commitments shall be in an aggregate principal amount of the lesser of (1) $1,000,000, and (2) the then Available Commitments with respect to Same Day Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, each Borrower may borrow, prepay and reborrow Same Day Loans.

Appears in 2 contracts

Samples: Credit Agreement (Chevron Phillips Chemical Co LLC), Credit Agreement (Chevron Phillips Chemical Co LLC)

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Same Day Loans. (a) Subject to the terms and conditions set forth herein, the Same Day Lender agrees to make Same Day Loans to the Borrowers from time to time during the Commitment Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Same Day Loans exceeding $50,000,000 or (ii) the aggregate principal amount of outstanding Loans exceeding $400,000,000900,000,000. Same Day borrowings under the Commitments shall be in an aggregate principal amount of the lesser of (1) $1,000,000, and (2) the then Available Commitments with respect to Same Day Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, each Borrower may borrow, prepay and reborrow Same Day Loans.

Appears in 2 contracts

Samples: Credit Agreement (Chevron Phillips Chemical Co LLC), Credit Agreement (Chevron Phillips Chemical Co LLC)

Same Day Loans. (a) Subject to the terms and conditions set forth herein, the Same Day Lender agrees to make Same Day Loans to the Borrowers from time to time during the Commitment Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Same Day Loans exceeding $50,000,000 or (ii) the aggregate principal amount of outstanding Loans exceeding $400,000,000. Borrowings of Same Day borrowings Loans under the Commitments shall be in an aggregate principal amount of the lesser of not less than (1) $1,000,000, and (2) not greater than the then Available Commitments with respect to Same Day Loans. With respect to borrowings of Same Day Loans in excess of $1,000,000, any such excess amount shall be in a whole multiple of $100,000. Within the foregoing limits and subject to the terms and conditions set forth herein, each Borrower may borrow, prepay and reborrow Same Day Loans.

Appears in 1 contract

Samples: Credit Agreement (Chevron Phillips Chemical Co LLC)

Same Day Loans. (a) Subject to the terms and conditions set forth herein, the Same Day Lender agrees to make Same Day Loans to the Borrowers from time to time during the Commitment Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Same Day Loans exceeding $50,000,000 or (ii) the aggregate principal amount of outstanding Loans exceeding $400,000,000700,000,000. Same Day borrowings under the Commitments shall be in an aggregate principal amount of the lesser of (1) $1,000,000, and (2) the then Available Commitments with respect to Same Day Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, each Borrower may borrow, prepay and reborrow Same Day Loans.

Appears in 1 contract

Samples: Credit Agreement (Chevron Phillips Chemical Co LLC)

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Same Day Loans. (a) Subject to the terms and conditions set forth herein, the Same Day Lender agrees to make Same Day Loans to the Borrowers from time to time during the Commitment Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Same Day Loans exceeding $50,000,000 100,000,000 or (ii) the aggregate principal amount of outstanding Loans exceeding $400,000,000800,000,000. Borrowings of Same Day borrowings Loans under the Commitments shall be in an aggregate principal amount of the lesser of not less than (1) $1,000,000, and (2) not greater than the then Available Commitments with respect to Same Day Loans. With respect to borrowings of Same Day Loans in excess of $1,000,000, any such excess amount shall be in a whole multiple of $100,000. Within the foregoing limits and subject to the terms and conditions set forth herein, each Borrower may borrow, prepay and reborrow Same Day Loans.

Appears in 1 contract

Samples: Credit Agreement (Chevron Phillips Chemical Co LLC)

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