Common use of Settlement Procedures as to Revolving Credit Loans Clause in Contracts

Settlement Procedures as to Revolving Credit Loans. To the extent and in the manner hereinafter provided in this Section 4.7, settlement among the Lenders as to Revolving Credit Loans may occur periodically on Settlement Dates determined from time to time by the Agent, which may occur before or after the occurrence or during the continuance of a Default or Event of Default and whether or not all of the conditions set forth in Section 5.2 have been met. On each Settlement Date payments shall be made by or to the Settlement Lender and the other Lenders in the manner provided in this Section 4.7 in accordance with the Settlement Report delivered by the Agent pursuant to the provisions of this Section 4.7 in respect of such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's Net Outstandings shall equal such Lender's Commitment Percentage of the Revolving Credit Loans outstanding.

Appears in 5 contracts

Samples: Loan and Security Agreement (Tropical Sportswear International Corp), And Security Agreement (Tropical Sportswear International Corp), Loan and Security Agreement (Trism Inc /De/)

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Settlement Procedures as to Revolving Credit Loans. To the extent and in the manner hereinafter provided in this Section 4.7SECTION 4.8, settlement among the Lenders as to Revolving Credit Loans may occur periodically on Settlement Dates determined from time to time by the Agent, which may occur before or after the occurrence or during the continuance of a Default or Event of Default and whether or not all of the conditions set forth in Section SECTION 5.2 have been met. On each Settlement Date payments shall be made by or to the Settlement Lender Bank of America and the other Lenders in the manner provided in this Section 4.7 SECTION 4.8 in accordance with the Settlement Report delivered by the Agent pursuant to the provisions of this Section 4.7 SECTION 4.8 in respect of such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's Net Outstandings shall equal such Lender's Commitment Percentage of the Revolving Credit Loans outstanding.

Appears in 2 contracts

Samples: Tultex Corp, Tultex Corp

Settlement Procedures as to Revolving Credit Loans. To the extent and in the manner hereinafter provided in this Section 4.74.8, settlement among the Lenders as to Revolving Credit Base Rate Loans may occur periodically on Settlement Dates determined from time to time by the Administrative Agent, which may occur before or after the occurrence or during the continuance of a Default or Event of Default and whether or not all of the conditions set forth in Section 5.2 6.2 have been met. On each Settlement Date payments shall be made by or to the Settlement Lender Bank of America and the other Lenders in the manner provided in this Section 4.7 4.8 in accordance with the Settlement Report delivered by the Administrative Agent pursuant to the provisions of this Section 4.7 4.8 in respect of such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's ’s Net Outstandings shall equal such Lender's Commitment Percentage ’s Ratable Share of the Revolving Credit Loans outstandingLoans.

Appears in 1 contract

Samples: Loan and Security Agreement (Syratech Corp)

Settlement Procedures as to Revolving Credit Loans. To the extent and in the manner hereinafter provided in this Section 4.74.8, settlement among the Lenders as to Revolving Credit Prime Rate Loans may occur periodically on Settlement Dates determined from time to time by the Administrative Agent, which may occur before or after the occurrence or during the continuance of a Default or Event of Default and whether or not all of the conditions set forth in Section 5.2 6.2 have been met. On each Settlement Date payments shall be made by or to the Settlement Lender NationsBank and the other Lenders in the manner provided in this Section 4.7 4.8 in accordance with the Settlement Report delivered by the Administrative Agent pursuant to the provisions of this Section 4.7 4.8 in respect of such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's Net Outstandings shall equal such Lender's Commitment Percentage Ratable Share of the Revolving Credit Loans outstandingLoans.

Appears in 1 contract

Samples: Loan and Security Agreement (Syratech Corp)

Settlement Procedures as to Revolving Credit Loans. To the extent and in the manner hereinafter provided in this Section SECTION 4.7, settlement among the Lenders as to Revolving Credit Loans may occur periodically on Settlement Dates determined from time to time by the Agent, which may occur before or after the occurrence or during the continuance of a Default or Event of Default and whether or not all of the conditions set forth in Section SECTION 5.2 have been met. On each Settlement Date payments shall be made by or to the Settlement Lender and the other Lenders in the manner provided in this Section SECTION 4.7 in accordance with the Settlement Report delivered by the Agent pursuant to the provisions of this Section SECTION 4.7 in respect of such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's Net Outstandings shall equal such Lender's Commitment Percentage of the Revolving Credit Loans outstanding.

Appears in 1 contract

Samples: Loan and Security Agreement (Loehmanns Holdings Inc)

Settlement Procedures as to Revolving Credit Loans. To the extent and in the manner hereinafter provided in this Section 4.7SECTION 5.7, settlement among the Lenders as to Revolving Credit Loans may occur periodically on Settlement Dates determined from time to time by the Agent, which may occur before or after the occurrence or during the continuance of a Default or Event of Default and whether or not all of the conditions set forth in Section 5.2 SECTION 6.2 have been met. On each Settlement Date payments shall be made by or to the Settlement Lender NationsBank and the other Lenders in the manner provided in this Section 4.7 SECTION 5.7 in accordance with the Settlement Report delivered by the Agent pursuant to the provisions of this Section 4.7 SECTION 5.7 in respect of such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's Net Outstandings shall equal such Lender's Commitment Percentage of the Revolving Credit Loans outstanding.

Appears in 1 contract

Samples: Loan and Security Agreement (Meadowcraft Inc)

Settlement Procedures as to Revolving Credit Loans. To the extent and in the manner hereinafter provided in this Section 4.74.8, settlement among the Lenders as to Revolving Credit Loans may occur periodically on Settlement Dates determined from time to time by the Agent, which may occur before or after the occurrence or during the continuance of a Default or Event of Default and whether or not all of the conditions set forth in Section 5.2 have been met. On each Settlement Date Date, payments shall be made by or to the Settlement Lender FCC and the other Lenders in the manner provided in this Section 4.7 4.8 in accordance with the Settlement Report delivered by the Agent pursuant to the provisions of this Section 4.7 4.8 in respect of such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's Net Outstandings shall equal such Lender's Commitment Percentage of the Revolving Credit Loans outstanding.

Appears in 1 contract

Samples: Loan and Security Agreement (Collins Industries Inc)

Settlement Procedures as to Revolving Credit Loans. To the extent and in the manner hereinafter provided in this Section 4.75.8, settlement among the Lenders as to Revolving Credit Loans may occur periodically on Settlement Dates determined from time to time by the Agent, which may occur before or after the occurrence or during the continuance of a Default or Event of Default and whether or not all of the conditions set forth in Section 5.2 6.2 have been met. On each Settlement Date payments shall be made by or to the Settlement Lender NationsBank and the other Lenders in the manner provided in this Section 4.7 5.8 in accordance with the Settlement Report delivered by the Agent pursuant to the provisions of this Section 4.7 5.8 in respect of such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's Net Outstandings shall equal such Lender's Commitment Percentage of the Revolving Credit Loans outstanding.

Appears in 1 contract

Samples: Loan and Security Agreement (Ithaca Industries Inc)

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Settlement Procedures as to Revolving Credit Loans. To the extent and in the manner hereinafter provided in this Section 4.74.8, settlement among the Lenders as to Revolving Credit Loans may occur periodically on Settlement Dates determined from time to time by the Agent, which may occur before or after the occurrence or during the continuance of a Default or Event of Default and whether or not all ail of the conditions set forth in Section 5.2 have been met. On each Settlement Date Date, payments shall be made by or to the Settlement Lender NationsBank and the other Lenders in the manner provided in this Section 4.7 4.8 in accordance with the Settlement Report delivered by the Agent pursuant to the provisions of this Section 4.7 4.8 in respect of such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's Lenders Net Outstandings shall equal such Lender's Commitment Percentage of the Revolving Credit Loans outstanding.

Appears in 1 contract

Samples: Loan and Security Agreement (Collins Industries Inc)

Settlement Procedures as to Revolving Credit Loans. To the extent and in the manner hereinafter provided in this Section 4.7, settlement among the Lenders as to Revolving Credit Loans may occur periodically on Settlement Dates determined from time to time by the Agent, which may occur before or after the occurrence or during the continuance of a Default or Event of Default and whether or not all of the conditions set forth in Section 5.2 hereof have been met. On each Settlement Date payments shall be made by or to the Settlement Lender and the other Lenders in the manner provided in this Section 4.7 in accordance with the Settlement Report delivered by the Agent pursuant to the provisions of this Section 4.7 in respect of such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's Net Outstandings shall equal such Lender's Commitment Percentage of the Revolving Credit Loans outstanding.

Appears in 1 contract

Samples: Loan and Security Agreement (Trism Inc /De/)

Settlement Procedures as to Revolving Credit Loans. To the extent and in the manner hereinafter provided in this Section 4.7SECTION 5.8, settlement among the Lenders as to Base Rate Revolving Credit Loans may occur periodically on Settlement Dates determined from time to time by the Agent, which may occur before or after the occurrence or during the continuance of a Default or Event of Default and whether or not all of the conditions set forth in Section 5.2 SECTIONS 6.1 and 6.2 have been met. On each Settlement Date payments shall be made by or to the Settlement Lender BankBoston and the other Lenders in the manner provided in this Section 4.7 SECTION 5.8 in accordance with the Settlement Report delivered by the Agent pursuant to the provisions of this Section 4.7 SECTION 5.8 in respect of such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's Net Outstandings shall equal such Lender's Commitment Percentage Ratable Share of the Revolving Credit Loans outstandingLoans.

Appears in 1 contract

Samples: Loan and Security Agreement (Ridgeview Inc)

Settlement Procedures as to Revolving Credit Loans. To the extent and in the manner hereinafter provided in this Section 4.74.8, settlement among the Lenders as to Revolving Credit Loans may occur periodically on Settlement Dates determined from time to time by the Agent, which may occur before or after the occurrence or during the continuance of a Default or Event of Default and whether or not all of the conditions set forth in Section 5.2 have been met. On each Settlement Date payments shall be made by or to the Settlement Lender NationsBank and the other Lenders in the manner provided in this Section 4.7 4.8 in accordance with the Settlement Report delivered by the Agent pursuant to the provisions of this Section 4.7 4.8 in respect of such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's Net Outstandings shall equal such Lender's Commitment Percentage of the Revolving Credit Loans outstanding.

Appears in 1 contract

Samples: Loan and Security Agreement (American Aircarriers Support Inc)

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