Common use of Syndicated Loans Clause in Contracts

Syndicated Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans to the Borrowers from time to time before the Termination Date; provided that, (i) immediately after each such Syndicated Loan is made, the aggregate outstanding principal amount of Syndicated Loans by such Bank shall not exceed the amount of its Commitment, and (ii) the aggregate outstanding principal amount of all Syndicated Loans and Money Market Loans shall not exceed the lesser of (A) the aggregate amount of the Commitments and (B) the Borrowing Base. Each Syndicated Borrowing under this Section shall be in an aggregate principal amount of $3,000,000 or any larger integral multiple of $500,000 (except that any such Syndicated Borrowing may be in the aggregate amount of the Unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, either or both of the Borrowers may borrow under this Section, repay or, to the extent permitted by Section 2.10, prepay Syndicated Loans and reborrow under this Section at any time before the Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Gables Realty Limited Partnership), Credit Agreement (Gables Residential Trust), Credit Agreement (Gables Realty Limited Partnership)

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Syndicated Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans to the Borrowers Borrower from time to time before the Termination Date; provided that, (i) , immediately after each such Syndicated Loan is made, , (i) the aggregate outstanding principal amount of Syndicated Loans by such Bank shall not exceed the amount of its Commitment, and (ii) the aggregate outstanding principal amount of all Syndicated Loans, Swing Loans and Money Market Loans shall not exceed the lesser of (A) the aggregate amount of the Commitments and (B) the Borrowing Base. Each Syndicated Loan Borrowing under this Section shall be in an aggregate principal amount of $3,000,000 5,000,000 or any larger integral multiple of $500,000 250,000 (except that any such Syndicated Loan Borrowing may be in the aggregate amount of the Unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, either or both of the Borrowers Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.10, prepay Syndicated Loans and reborrow under this Section at any time before the Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Post Apartment Homes Lp), Credit Agreement (Post Apartment Homes Lp), Credit Agreement (Post Apartment Homes Lp)

Syndicated Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans to the Borrowers Borrower from time to time before the Termination Date; provided that, (i) immediately after each such Syndicated Loan is made, the aggregate outstanding principal amount of Syndicated Loans by such Bank shall not exceed the amount of its Commitment, and (ii) the aggregate outstanding principal amount of all Syndicated Loans and Loans, Money Market Loans and the Letter of Credit Obligations shall not exceed the lesser of (A) the aggregate amount of the Commitments and (B) the Borrowing Base. Each Syndicated Borrowing under this Section shall be in an aggregate principal amount of $3,000,000 or any larger integral multiple of $500,000 (except that any such Syndicated Borrowing may be in the aggregate amount of the Unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, either or both of the Borrowers Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.102.09, prepay Syndicated Loans and reborrow under this Section at any time before the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Gables Realty Limited Partnership), Credit Agreement (Gables Residential Trust)

Syndicated Loans. Each Bank Lender severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans to the Borrowers from time to time before the Termination Date; provided that, (i) , immediately after each such Syndicated Loan is made, : (i) the aggregate outstanding principal amount of Syndicated Loans by such Bank Lender shall not exceed the amount of its Commitment, and (ii) the sum of the aggregate outstanding principal amount of all Syndicated Loans Loans, Swing Loans, and Money Market Loans Letter of Credit Obligations shall not exceed the aggregate amount of all Commitments, and (iii) the Working Capital Obligations shall not exceed the lesser of (A) the aggregate amount of the all Commitments and (B) the Borrowing Base. ; Each Syndicated Borrowing under this Section 2.01(a) shall be in an aggregate principal amount of (X) as to Base Rate Loans, $3,000,000 1,000,000 or any larger integral multiple of $500,000 500,000, and (Y) as to Euro-Dollar Loans, $5,000,000 or any larger integral multiple of $1,000,000 (except that in either case any such Syndicated Borrowing may be in the aggregate amount of the Unused Commitments) and shall be made from by the several Banks Lenders ratably in proportion to their respective Commitments. Within the foregoing limits, either or both of the Borrowers may borrow under this Section, repay or, to the extent permitted by Section 2.102.09 and Section 2.11, prepay Syndicated Loans and reborrow under this Section 2.01(a) at any time before the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Airborne Inc /De/)

Syndicated Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans in Dollars to the Borrowers Borrower from time to time before the Termination Date; provided that, (i) immediately after each such Syndicated Loan is made, the aggregate outstanding principal amount of Syndicated Loans by such Bank shall not exceed the amount of its Commitment, and (ii) the aggregate outstanding principal amount of all Syndicated Loans and Money Market Loans shall not exceed the lesser of (A) the aggregate amount of the Commitments and (B) the Borrowing BaseCommitments. Each Syndicated Borrowing under this Section shall be in an aggregate principal amount of $3,000,000 2,000,000 or any larger integral multiple of $500,000 (except that any such Syndicated Borrowing may be in the aggregate amount of the Unused Commitments) and shall be made from the several Banks ratably in proportion to their respective CommitmentsCommitment Percentages. Within the foregoing limits, either or both of the Borrowers Borrower may borrow under this Section, repay or, subject to the extent permitted by Section 2.10provisions of Sections 2.10 and 2.11, prepay Syndicated Loans and reborrow under this Section at any time before the Termination Date.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Mohawk Industries Inc)

Syndicated Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans to the Borrowers from time to time before the Termination Date; provided PROVIDED that, (i) immediately after each such Syndicated Loan is made, the aggregate outstanding principal amount of Syndicated Loans by such Bank shall not exceed the amount of its Commitment, and (ii) the aggregate outstanding principal amount of all Syndicated Loans, Money Market Loans and Money Market Swing Loans shall not exceed the lesser of (A) the aggregate amount of the Commitments and (B) the Borrowing Base. Each Syndicated Borrowing under this Section shall be in an aggregate principal amount of (x) for Base Rate Loans, $3,000,000 1,000,000 or any larger integral multiple of $500,000, and (y) for Euro-Dollar Loans, $1,000,000 or any larger integral multiple of $500,000 (except that in each case any such Syndicated Borrowing may be in the aggregate amount of the Unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, either or both of the Borrowers may borrow under this Section, repay or, to the extent permitted by Section 2.102.09, prepay Syndicated Loans and reborrow under this Section at any time before the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Amli Residential Properties Trust)

Syndicated Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans to the Borrowers Borrower from time to time before the Termination Date; provided that, (i) immediately after each such Syndicated Loan is made, the aggregate outstanding principal amount of Syndicated Loans by such Bank shall not exceed the amount of its Commitment, and (ii) the sum of (x) the aggregate outstanding principal amount of all Syndicated Loans and Money Market plus Swing Loans plus Letter of Credit Obligations shall not exceed the lesser of (A) the aggregate amount of the Commitments and (By) the Borrowing BaseCommitments. Each Syndicated Borrowing under this Section shall be in an aggregate principal amount of $3,000,000 500,000 or any larger integral multiple of $500,000 (except that any such Syndicated Borrowing may be in the aggregate amount of the Unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, either or both of the Borrowers Borrower may borrow under this Section, repay or, subject to the extent permitted by provisions of Section 2.10, prepay Syndicated Loans and reborrow under this Section at any time before the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Mohawk Industries Inc)

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Syndicated Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans to the Borrowers Borrower from time to time before the Termination Date; provided PROVIDED that, (i) immediately after each such Syndicated Loan is made, the aggregate outstanding principal amount of Syndicated Loans by such Bank shall not exceed the amount of its Commitment, and (ii) the aggregate outstanding principal amount of all Syndicated Loans and Money Market Swing Loans shall not exceed the lesser of (A) the aggregate amount of the Commitments and (B) the Borrowing Base. Each Syndicated Borrowing under this Section shall be in an aggregate principal amount of (x) for Base Rate Loans, $3,000,000 1,000,000 or any larger integral multiple of $500,000, and (y) for Euro-Dollar Loans, $1,000,000 or any larger integral multiple of $500,000 (except that in each case any such Syndicated Borrowing may be in the aggregate amount of the Unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, either or both of the Borrowers Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.102.09, prepay Syndicated Loans and reborrow under this Section at any time before the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Amli Residential Properties Trust)

Syndicated Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans to the Borrowers Borrower from time to time before the Termination Date; provided PROVIDED that, (i) immediately after each such Syndicated Loan is made, the aggregate outstanding principal amount of Syndicated Loans by such Bank shall not exceed the amount of its Commitment, and (ii) the aggregate outstanding principal amount of all Syndicated Loans, Money Market Loans and Money Market Swing Loans shall not exceed the lesser of (A) the aggregate amount of the Commitments and (B) the Borrowing Base. Each Syndicated Borrowing under this Section shall be in an aggregate principal amount of (x) for Base Rate Loans, $3,000,000 1,000,000 or any larger integral multiple of $500,000, and (y) for Euro-Dollar Loans, $1,000,000 or any larger integral multiple of $500,000 (except that in each case any such Syndicated Borrowing may be in the aggregate amount of the Unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, either or both of the Borrowers Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.102.09, prepay Syndicated Loans and reborrow under this Section at any time before the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Amli Residential Properties Trust)

Syndicated Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans to the Borrowers Borrower from time to time before the Termination Date; provided that, (i) immediately after each such Syndicated Loan is made, the aggregate outstanding principal amount of Syndicated Loans by such Bank shall not exceed the amount of its Commitment, and (ii) the aggregate outstanding principal amount of all Syndicated Loans, Money Market Loans and Money Market Swing Loans shall not exceed the lesser of (A) the aggregate amount of the Commitments and (B) the Borrowing Base. Each Syndicated Borrowing under this Section shall be in an aggregate principal amount of (x) for Base Rate Loans, $3,000,000 1,000,000 or any larger integral multiple of $500,000, and (y) for Euro-Dollar Loans, $1,000,000 or any larger integral multiple of $500,000 (except that in each case any such Syndicated Borrowing may be in the aggregate amount of the Unused Commitments) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, either or both of the Borrowers Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.102.09, prepay Syndicated Loans and reborrow under this Section at any time before the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Amli Residential Properties Trust)

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