Supplemental Revolving Loans Sample Clauses

Supplemental Revolving Loans. Each Supplemental Revolving Lender severally, and for itself alone, agrees, on the 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 continue to make loans to the Borrower on a revolving basis from time to time from and after the Restatement Date to, but not including, the Supplemental Revolver Termination Date, in its Supplemental Revolving Loan Pro Rata Share of such aggregate amount as the Borrower may request, but not exceeding in an aggregate principal amount at any one time outstanding the applicable Supplemental Revolving Loan Commitment of such Supplemental Revolving Lender at such time. The Borrower and the Supplemental Revolving Lenders acknowledge the making of the Supplemental Revolving Loans which are outstanding on the Restatement Date in accordance with the terms of the Existing Credit Agreement and agree that such Supplemental Revolving Loans shall continue to be outstanding pursuant to the terms and conditions of this Agreement and the other Loan Documents. Prior to the Supplemental Revolver Termination Date, Supplemental Revolving Loans may be repaid and reborrowed by the Borrower in accordance with the provisions hereof.
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Supplemental Revolving Loans. In the event that (A) any Lender fails to make its Pro Rata Share of any properly requested Pro Rata Revolving Loan on or before 9:00 a.m. (Seattle time) on the date of any requested borrowing, and (B) Agent determines in good faith that such Lender's failure to make its Pro Rata Share of such Pro Rata Revolving Loan constitutes a violation of such Lender's commitment to lend under this Agreement, then Agent shall promptly notify Borrower and each Lender of such determination. In each such case, Borrower shall have the right, notwithstanding the notice requirement set forth in Section 2.2, to give telephonic notice to Agent requesting that each of the Lenders (other than the Lender whose failure to lend gave rise to such notice), make a supplemental revolving loan in an amount equal to the amount of such Lender's Adjusted Pro Rata Share of the Non-Funding Lender's Pro Rata Share of the initially requested Pro Rata Revolving Loan, provided that, after giving effect to such supplemental revolving loan (a) the aggregate of all Revolving Loans outstanding from such Funding Lender will not exceed such Funding Lender's Pro Rata Share of the Commitment; and (b) the aggregate of all Revolving Loans outstanding from such Funding Lender will not exceed such Funding Lender's Pro Rata Share of the Available Amount. Each such supplemental revolving loan shall be referred to in this Agreement as a "Supplemental Revolving Loan." Each Supplemental Revolving Loan shall be a Prime Rate Loan unless and until all or any portion of such Supplemental Revolving Loan has been converted to a LIBOR Loan pursuant to Section 2.5(b). In the event that a judicial determination is made that any Non-Funding Lender's failure to make its Pro Rata Share of any requested Pro Rata Revolving Loan constituted a breach of such Lender's commitment to lend under Section 2.1(a), then the Funding Lenders shall be entitled to repayment from such Non-Funding Lender of the unpaid principal amount of the Supplemental Revolving Loans that resulted from such Non-Funding Lender's breach, together with interest thereon at the Applicable Interest Rate (reduced by any amounts such Funding Lenders have already received in respect of such Supplemental Revolving Loans from Borrower) and such Non-Funding Lender shall, to the extent of such repayment, become a Funding Lender in respect of the amount of such repayment. The Revolving Loans described in Section 2.1(a) and in this Section 2.1(b) constitute a revolving...
Sample 1
Supplemental Revolving Loans. Section 2.01(d) of the Credit Agreement is amended to delete in its entirety the proviso in the first sentence in such Section.
Sample 1
Supplemental Revolving Loans. Subject to the terms and conditions set forth herein, each Lender agrees to make loans in dollars to any Borrower from time to time during the Supplemental Revolving Credit Availability Period in an aggregate principal amount that will not result in such Lender's Supplemental Revolving Credit Exposure to all Borrowers exceeding such Lender's Supplemental Revolving Commitment; provided that no Lender shall make any Supplemental Revolving Loan if, after giving effect to the making of such Supplemental Revolving Loan, the total Supplemental Revolving Credit Exposure of all Lenders then outstanding would exceed the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Supplemental Revolving Loans.".
Sample 1
Supplemental Revolving Loans. Upon the satisfaction of the conditions precedent set forth in Sections 4.1 and 4.2, and only so long as the Revolving Credit Availability shall be zero, from and including December 14, 2001 through but not including March 31, 2003 (or such earlier date as the Aggregate Supplemental Revolving Loan Commitment may be permanently reduced pursuant to Section 2.5A), each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make revolving loans, in Dollars only, to the applicable Borrower from time to time in an amount not to exceed such Lender's Supplemental Revolving Loan Commitment (each individually, a "SUPPLEMENTAL REVOLVING LOAN" and collectively, the "SUPPLEMENTAL REVOLVING LOANS"); provided, however, that at no time shall the aggregate Dollar Amount of the Supplemental Revolving Loans exceed the Dollar Amount of the Maximum Supplemental Revolving Credit Amount. Each Advance under this Section 2.2B shall consist of Supplemental Revolving Loans made by each Lender ratably in proportion to such
Sample 1
Supplemental Revolving Loans. (a) Subject to and upon the terms and conditions contained herein, Lender agrees to make Supplemental Revolving Loans to Borrower from time to time in amounts requested by Borrower, up to the amount at any one time outstanding equal to the Supplemental Revolving Loan Limit as then in effect. Borrower may not request Supplemental Revolving Loans, and Lender shall not make Supplemental Revolving Loans, except as Lender may otherwise determine, so long as there are any Revolving Loans available to Borrower under Section 2.1
Sample 1
Supplemental Revolving Loans. Each Supplemental Revolving Lender severally, and for itself alone, agrees, on the 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 on a revolving basis from time to time from and after the Restatement Date, in its Supplemental Revolving Loan Pro Rata Share of such aggregate amount as the Borrower may request, but not exceeding in an aggregate principal amount at any one time outstanding the applicable Supplemental Revolving Loan Commitment of such Supplemental Revolving Lender at such time. Prior to the Supplemental Revolver Termination Date, Supplemental Revolving Loans may be repaid and reborrowed by the Borrower in accordance with the provisions hereof. Supplemental Revolving Loans constituting Eurodollar Rate Loans shall only have Interest Periods of one month during the first ninety (90) days following the Restatement Date.
Sample 1
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Related to Supplemental Revolving Loans

  • Incremental Revolving Commitments (a) The Borrower may on one or more occasions, by written notice to the Administrative Agent, request during the Revolving Commitment Period the establishment of Incremental Revolving Commitments, provided that the aggregate amount of all the Incremental Revolving Commitments to be established hereunder on any date shall not exceed the Incremental Amount as of such date. Each such notice shall specify (i) the date on which the Borrower proposes that the Incremental Revolving Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent) after the date on which such notice is delivered to the Administrative Agent, (ii) the amount of the Incremental Revolving Commitments being requested (which shall be an amount not less than $5,000,000) and (iii) the identity of each Person proposed to become an Incremental Revolving Lender in connection therewith (it being agreed that (x) any Lender approached to provide any Incremental Revolving Commitment may elect or decline, in its sole discretion, to provide such Incremental Revolving Commitment and (y) any Person that the Borrower proposes to become an Incremental Revolving Lender, if such Person is not then a Lender, must be an Eligible Assignee and, if such approval would then be required under Section 10.6(c) for an assignment to such Person of a Commitment or Loan, must be approved by the Administrative Agent, each Issuing Bank and the Swing Line Lender (such approval not to be unreasonably withheld or delayed)).

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Revolving Loan Commitments Lender will make loans to Borrower on a revolving basis (“Revolving Loans”) from time to time and Borrower may repay such loans from time to time until the Termination Date in such amounts as Borrower may request from Lender; provided, that after giving effect to such Revolving Loans, the Revolving Loans outstanding will not at any time exceed the Borrowing Availability.

  • The Revolving Loans (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Revolving Loans to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date applicable to such Lender in an aggregate outstanding amount not to exceed at any time such Lender’s Available Commitment at such time. Within the limits of each Lender’s Commitment and as hereinabove and hereinafter provided, including without limitation Section 2.01(b), the Borrower may request a Borrowing hereunder, and repay or prepay Revolving Loans pursuant to Section 2.14 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereof.

  • Revolving Loan Borrowings (i) Each Borrowing of Revolving Loans shall be made on notice given by a Borrower to the Revolving and LC Administrative Agent not later than 11:00 a.m. (New York time) (A) on the Business Day of the proposed Borrowing, in the case of a Borrowing of Base Rate Loans and (B) three Business Days prior to the date of the proposed Borrowing, in the case of a Borrowing of Eurodollar Rate Loans. Each such notice shall be in substantially the form of Exhibit C-2 (a “Notice of Revolving Borrowing”) (or shall be made by telephone and the same information shall be confirmed promptly thereafter in writing), specifying (1) the date of such proposed Borrowing, (2) the aggregate amount of such proposed Borrowing, (3) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (4) the initial Interest Period or Interest Periods for any such Eurodollar Rate Loans, and (5) remittance instructions. The Revolving Loans shall be made as Base Rate Loans unless, subject to Section 2.17, the Notice of Revolving Borrowing specifies that all or a portion thereof shall be Eurodollar Rate Loans. Each Borrowing of Revolving Loans shall be in an aggregate amount that is an integral multiple of $1,000,000.00 (or $500,000.00 with respect to Swing Loans) and shall be allocated ratably in accordance with each Revolving Lender’s Revolving Commitment.

  • Making Revolving Credit Loans The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the Borrower and the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower in U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m., on the applicable Borrowing Date; provided that if any Lender fails to remit such funds to the Administrative Agent in a timely manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loans of such Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6.2 [Presumptions by the Administrative Agent].

  • Revolving Loan Notes The Revolving Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.7(a) hereto (the “Revolving Loan Notes”) and in a principal amount equal to the amount of such Lender’s Commitment Percentage of the Revolving Loan Commitment as originally in effect.

  • Revolving Loan Facility On the terms and subject to the conditions of this Agreement, each Revolving Lender severally agrees to advance to the Borrower from time to time during the period beginning on the Effective Date up to, but not including the Termination Date, such loans in Dollars as the Borrower may request under this Section 2.01(b) (individually, a “Revolving Loan”); provided, however, that (i) the sum of (A) the Effective Amount of all Revolving Loans made by such Lender at any time outstanding and (B) such Lender’s Revolving Proportionate Share of the Effective Amount of all L/C Obligations and all Swing Line Loans at any time outstanding shall not exceed such Lender’s Revolving Loan Commitment at such time and (ii) the sum of (A) the Effective Amount of all Revolving Loans made by all of the Revolving Lenders at any time outstanding and (B) the Effective Amount of all L/C Obligations and Swing Line Loans at any time outstanding shall not exceed the Revolving Loan Facility at such time. All Revolving Loans shall be made on a pro rata basis by the Revolving Lenders in accordance with their respective Revolving Proportionate Shares, with each Revolving Loan Borrowing to be comprised of a Revolving Loan by each Revolving Lender equal to such Lender’s Revolving Proportionate Share of such Revolving Loan Borrowing. Except as otherwise provided herein, the Borrower may borrow, repay and reborrow Revolving Loans until the Termination Date in respect of the Revolving Loan Facility.

  • Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

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