Common use of The A Advances Clause in Contracts

The A Advances. Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company from time to time on any Business Day during the period from the date hereof until the Termination Date in an aggregate principal amount at any time outstanding not to exceed such Bank's Commitment provided that the aggregate amount of the Commitments of the Banks shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Banks ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day by the Banks ratably according to their respective Commitments. Within the limits of each Bank's Commitment, the Company may from time to time borrow, prepay pursuant to Section 2.12, and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)

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The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company Borrower from time to time on any Business Day during the period from the date hereof Second Amended and Restated Effective Date until the Termination Date of such Lender in an aggregate principal amount not to exceed at any time outstanding not the amount set opposite such Lender's name on Schedule III hereto or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to exceed Section 8.07(c), as such Bankamount may be reduced pursuant to Section 2.05 (such Lender's Commitment "Commitment"), provided that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and at any time of determination, such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments in effect at such time of determination (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 5,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day to the Borrower by the Banks Lenders ratably according to their respective Commitments. Within the limits of each BankLender's Commitment, the Company Borrower may from time to time borrow, until the Commitment Termination Date, prepay pursuant to Section 2.12, 2.06(c) and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (Computer Sciences Corp), Credit Agreement (Computer Sciences Corp)

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company Borrower or a Borrowing Subsidiary from time to time on any Business Day during the period from the date hereof until the Termination Date in an aggregate principal amount not to exceed at any time outstanding not the amount set opposite such Lender’s name on the signature pages hereof or, if such Lender has entered into an Assumption Agreement, set forth for such Lender in such Assumption Agreement or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to exceed Section 8.07(c), as such Bank's Commitment amount may be reduced pursuant to Section 2.05 (such Lender’s “Commitment”), provided that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 10,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between unless the aggregate amount of a proposed B the unused Commitments is less than $10,000,000, in which case such Borrowing requested by the Company and shall be equal to the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowingunused Commitments) and shall consist of A Advances of the same Type and having the same Interest Period made on the same day by the Banks Lenders ratably according to their respective Commitments. Within the limits of each Bank's Lender’s Commitment, the Company Borrower may from time to time borrow, prepay pursuant to Section 2.12, 2.10 or 2.11(c) and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (Colgate Palmolive Co), Year Credit Agreement (Colgate Palmolive Co)

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company either Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date of such Lender in an aggregate principal amount (together with the aggregate amount of A Advances made to the other Borrower that is outstanding at such time) not to exceed at any time outstanding not the amount set opposite such Lender's name on the signature pages hereof or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to exceed Section 9.07(c), as such Bankamount may be reduced pursuant to Section 2.05 (such Lender's Commitment "Commitment"), provided that (a) the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and at any time of determination, such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments in effect at such time of determination (such deemed use of the aggregate amount of the Commitments being a "B Reduction") and (b) the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate principal amount of Commercial Paper outstanding (such deemed use of the aggregate amount of the Commitments being a "CP Reduction"), provided that the Commitments of the Lenders shall not be deemed to be so used under this clause (b) (and therefore the Commitments shall not be reduced by a CP Reduction) in the case of any requested Borrowing the proceeds of which are used to repay Commercial Paper. Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 5,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day to the same Borrower by the Banks Lenders ratably according to their respective Commitments. Within the limits of each BankLender's Commitment, the Company each Borrower may from time to time borrow, prepay pursuant to Section 2.12, 2.06(d) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Computer Sciences Corp)

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date of such Lender in an aggregate principal amount not to exceed at any time outstanding not the amount set opposite such Lender’s name on Schedule II hereto or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to exceed Section 8.07(c), as such Bank's Commitment amount may be reduced pursuant to Section 2.05 (such Lender’s “Commitment”), provided that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and at any time of determination, such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments in effect at such time of determination (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 5,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day to the Borrower by the Banks Lenders ratably according to their respective Commitments. Within the limits of each Bank's Lender’s Commitment, the Company Borrower may from time to time borrow, until the Commitment Termination Date, prepay pursuant to Section 2.12, 2.06(c) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Computer Sciences Corp)

The A Advances. Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company Borrowers from time to time on any Business Day during the period from the date hereof until the Termination Date in an aggregate principal amount at any time outstanding not to exceed such Bank's Commitment Commitment, provided that the aggregate amount of the Commitments of the Banks shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Banks ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 10,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company a Borrower and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company Borrower in respect of such B Borrowing, if notice of such A Borrowing is given by the Company Borrower within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day by the Banks ratably according to their respective Commitments. Within the limits of each Bank's Commitment, the Company Borrowers may from time to time borrow, prepay pursuant to Section 2.12, and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Bank Credit Agreement (Boeing Capital Corp)

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company Borrower from time to time on any Business Day during the period from the date hereof until to and including the Termination Date in an aggregate principal amount not to exceed at any time outstanding not the amount set forth opposite such Lender's name on the signature pages hereof under the caption "Commitments", or, if such Lender has entered into any Assignment and Acceptance or Increase Agreement, set forth for such Lender in the Register maintained by the Agent pursuant to exceed Section 8.07(c), as such Bankamount may be reduced pursuant to Section 2.04 (such Lender's Commitment "Commitment"), provided that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the such Commitments shall be applied to all the Banks Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than of $10,000,000 in the case of an A Borrowing comprised of Base Rate Advances and $25,000,000 in the case of a Base Rate an A Borrowing or $50,000,000 in the case comprised of a Eurodollar Rate Borrowing Advances, or, in each case, either case an integral multiple of $5,000,000 1,000,000 in excess thereof (or, in the case of an A Borrowing of Base Rate Advances, the aggregate unused Commitments, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day by the Banks Lenders ratably according to their respective Commitments. Within the limits of each BankLender's Commitment, the Company Borrower may from time to time make more than one Borrowing on any Business Day and may borrow, prepay pursuant to Section 2.122.10, and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Burlington Resources Inc)

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company either Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date of such Lender in an aggregate principal amount (together with the aggregate amount of A Advances made to the other Borrower that is outstanding at such time) not to exceed at any time outstanding not the amount set opposite such Lender's name on the Schedule IV hereto or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to exceed Section 9.07(c), as such Bankamount may be reduced pursuant to Section 2.05 (such Lender's Commitment "Commitment"); provided -------- that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and at any time of determination, such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments in effect at such time of determination (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 5,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day to the same Borrower by the Banks Lenders ratably according to their respective Commitments. Within the limits of each BankLender's Commitment, the Company each Borrower may from time to time borrow, prepay pursuant to Section 2.12, 2.06(d) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Computer Sciences Corp)

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date of such Lender in an aggregate principal amount not to exceed at any time outstanding not the amount set opposite such Lender's name on Schedule II hereto or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to exceed Section 8.07(c), as such Bankamount may be reduced pursuant to Section 2.05 (such Lender's Commitment “Commitment”), provided that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and at any time of determination, such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments in effect at such time of determination (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 5,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day to the Borrower by the Banks Lenders ratably according to their respective Commitments. Within the limits of each BankLender's Commitment, the Company Borrower may from time to time borrow, until the Commitment Termination Date, prepay pursuant to Section 2.12, 2.06(c) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Computer Sciences Corp)

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company any Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date in an aggregate principal amount for all of the Borrowers not to exceed at any time outstanding not the amount set opposite such Lender's name on the signature pages hereof or, if such Lender has entered into one or more Assignments and Acceptances, set forth for such Lender in the Register maintained by the Agent pursuant to exceed Section 10.07(c), as such Bankamount may be reduced pursuant to Section 2.05 (such Lender's Commitment "Commitment"), provided that the aggregate amount of the Commitments of the Banks Lenders shall be deemed to be used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments (each such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made to Philip Morris $8 billion, 5 year Facility 107900.5/NYL3 the same Borrower on the same day by the Banks Lenders ratably according to their respective CommitmentsCommitments and one or more A Borrowings may be made on the same day. Within the limits of each BankLender's Commitment, the Company Borrowers may from time borrow, repay pursuant to time borrowSection 2.06, prepay pursuant to Section 2.122.10(b), and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Philip Morris Companies Inc

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company either Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date of such Lender in an aggregate principal amount (together with the aggregate amount of A Advances made to the other Borrower that is outstanding at such time) not to exceed at any time outstanding not the amount set opposite such Lender's name on Schedule IV hereto or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to exceed Section 9.07(c), as such Bankamount may be reduced pursuant to Section 2.05 (such Lender's Commitment "Commitment"), provided that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and at any time of determination, such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments in effect at such time of determination (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 5,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day to the same Borrower by the Banks Lenders ratably according to their respective Commitments. Within the limits of each BankLender's Commitment, the Company each Borrower may from time to time borrow, prepay pursuant to Section 2.12, 2.06(d) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Computer Sciences Corp)

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company Borrower or a Borrowing Subsidiary from time to time on any Business Day during the period from the date hereof until the Termination Date in an aggregate principal amount not to exceed at any time outstanding not the amount set opposite such Lender's name on the signature pages hereof or, if such Lender has entered into an Assumption Agreement, set forth for such Lender in such Assumption Agreement or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to exceed Section 8.07(c), as such Bankamount may be reduced pursuant to Section 2.05 (such Lender's Commitment provided "COMMITMENT"), PROVIDED that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "B ReductionREDUCTION"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 10,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between unless the aggregate amount of a proposed B the unused Commitments is less than $10,000,000, in which case such Borrowing requested by the Company and shall be equal to the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowingunused Commitments) and shall consist of A Advances of the same Type and having the same Interest Period made on the same day by the Banks Lenders ratably according to their respective Commitments. Within the limits of each BankLender's Commitment, the Company Borrower may from time to time borrow, repay pursuant to Section 2.06 or prepay pursuant to Section 2.12, 2.10 or 2.11(c) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Colgate Palmolive Co)

The A Advances. (a) Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company Borrower from time to time on any Business Day during the period from the date hereof until to and including the Commitment Termination Date Date, in an aggregate principal amount at any time outstanding not to exceed at any time the amount set opposite such BankLender's Commitment provided name on the signature pages hereof or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 (such Lender's "COMMITMENT"); provided, that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "B ReductionREDUCTION"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 10,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day by the Banks Lenders ratably according to their respective Commitments. Within Until the Commitment Termination Date, within the limits of each BankLender's Commitment, the Company Borrower may from time to time borrow, repay pursuant to Section 2.06 or prepay pursuant to Section 2.12, 2.11(b) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Cp&l Energy Inc

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The A Advances. Each Bank Lender severally agrees, agrees on the terms and conditions hereinafter set forth, to make A Advances to the Company Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date in an amounts such that the sum of (x) the aggregate principal amount of A Advances by such Lender plus (y) such Lender’s Swingline Exposure plus (z) such Lender’s LC Exposure at any one time outstanding shall not to exceed such Bank's Commitment Lender’s Commitment, provided that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "B Reduction"), and provided further that in no event shall the Swingline Lender be obligated to make any loan hereunder if, after making such loan and giving effect to the application of any funds made available at such time to prepay or repay any outstanding Swingline Loan, the sum of the aggregate principal amount of A Advances, Swingline Loans and LC Exposure at such time outstanding exceeds an amount equal to (i) the aggregate Commitment less (ii) the aggregate B Reduction. Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 20,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company Borrower and the aggregate amount of B Advances offered to be made by the Banks Lenders and accepted by the Company Borrower in respect of such B Borrowing, if notice of such B Borrowing is made on the same date as such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day by the Banks Lenders ratably according to their respective Commitments. Within the limits of each Bank's Lender’s Commitment, the Company Borrower may from time to time borrowborrow under this Section 2.01, prepay pursuant to Section 2.12, 2.13(b) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Supervalu Inc)

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company either Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date of such Lender in an aggregate principal amount (together with the aggregate amount of A Advances made to the other Borrower that is outstanding at such time) not to exceed at any time outstanding not the amount set opposite such Lender's name on the signature pages hereof or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to exceed Section 9.07(c), as such Bankamount may be reduced pursuant to Section 2.05 (such Lender's Commitment "Commitment"), provided that -------- the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and at any time of determination, such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments in effect at such time of determination (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 5,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day to the same Borrower by the Banks Lenders ratably according to their respective Commitments. Within the limits of each BankLender's Commitment, the Company each Borrower may from time to time borrow, prepay pursuant to Section 2.12, 2.06(d) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Computer Sciences Corp)

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company either Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date of such Lender in an aggregate principal amount (together with the aggregate amount of A Advances made to the other Borrower that is outstanding at such time) not to exceed at any time outstanding not the amount set opposite such Lender's name on the signature pages hereof or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to exceed Section 9.07(c), as such Bankamount may be reduced pursuant to Section 2.05 (such Lender's Commitment "Commitment"); provided that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and at any time of determination, such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments in effect at such time of determination (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 5,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day to the same Borrower by the Banks Lenders ratably according to their respective Commitments. Within the limits of each BankLender's Commitment, the Company each Borrower may from time to time borrow, prepay pursuant to Section 2.12, 2.06(d) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Computer Sciences Corp)

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company Borrower in Dollars from time to time on any Business Day during the period from the date hereof until the Termination Date in an aggregate principal amount not to exceed at any time outstanding not the amount set forth opposite such Lender's name on Schedule II or, if such Lender has entered into any Assignment and Acceptance after the Effective Date, set forth for such Lender in the Register maintained by the Agent pursuant to exceed Section 8.07(c), as such Bankamount may be reduced pursuant to Section 2.05 (such Lender's Commitment "Commitment"), minus, except in the case of a Borrowing described in Section 3.04 or 3.05, such Lender's ratable share of the Reserve Amount, based on such Lender's share of the aggregate amount of the Commitments of the Lenders, provided that the aggregate amount of the Commitments of the Banks Lenders shall be in each case deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "B Reduction"), and provided further that Advances made under Section 3.04 or 3.05 shall not exceed in the aggregate, either (i) the aggregate of the Xxxxx Acquisition Prices, if all of the Xxxxx Acquisitions have been consummated, or (ii) $140,000,000 (less the Xxxxx Acquisition Price for each of the Xxxxx Acquisitions that have been consummated) if all of the Xxxxx Acquisitions have not been consummated. Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 5,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company Borrower and the aggregate amount of B Advances offered to be made by the Banks Lenders and accepted by the Company Borrower in respect of such B Borrowing, if notice of such B Borrowing is made on the same date as such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day by the Banks Lenders ratably according to their respective Commitments. Within the limits of each BankLender's Commitment, the Company Borrower may from time to time borrow, prepay pursuant to Section 2.12, 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Century Communications Corp)

The A Advances. Each Bank A Lender severally agrees, on the -------------- terms and conditions hereinafter set forth, to make A Advances to the Company Borrower from time to time on any Business Day during the period from the date hereof until the Revolver Termination Date in an aggregate principal amount not to exceed at any time outstanding not to exceed such BankA Lender's Commitment provided that A Commitment, provided, that, the aggregate -------- ---- amount of the A Commitments of the Banks A Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the A Commitments shall be applied to the Banks A Lenders ratably according to their respective A Commitments (such deemed use of the aggregate amount of the A Commitments being a "B - Reduction"), provided, further, that, the A Lenders shall not be obligated to, --------- -------- ------- ---- and shall not, make any A Advances as part of a Supplemental A Borrowing if after giving effect to such Supplemental A Borrowing, the sum of the then outstanding principal amount of all Supplemental A Borrowings and the then outstanding aggregate amount of all Letter of Credit Liability shall exceed $600,000,000. Each A Borrowing shall be in an aggregate amount not less than (i) $25,000,000 15,000,000, in the case of a Base an A Borrowing consisting of Eurodollar Rate Borrowing or Advances and (ii) $50,000,000 1,000,000, in the case of a Eurodollar an A Borrowing consisting of Base Rate Borrowing Advances, or, in each case, an in integral multiple multiples of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company and the aggregate amount of B Advances offered to be made by the Banks and accepted by the Company in respect of such B Borrowing, if notice of such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day by the Banks A Lenders ratably according to their respective A Commitments. Within the limits of each BankA Lender's A Commitment, the Company Borrower may from time to time borrow, prepay pursuant to Section 2.12, 2.11(b) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Gap Inc)

The A Advances. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Company Borrower from time to time on any Business Day during the period from the date hereof until Closing Date to and including the Commitment Termination Date in an aggregate principal amount not to exceed at any time outstanding not to exceed the amount of such BankLender's Commitment Commitment; provided that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to allocated among the Banks Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than of $25,000,000 in the case of a Base Rate Borrowing 10,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (orthereof, if less, an aggregate amount equal to the difference between or the aggregate amount of a proposed B the unused portion of the Lenders' Commitments; provided that any A Borrowing requested by the Company and the in an aggregate amount less than $10,000,000 shall consist solely of B Advances offered to be made by the Banks and accepted by the Company in respect of such B BorrowingBase Rate Advances. In addition, if notice of such each A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type and having the same Interest Period made on the same day by the Banks Lenders ratably according to their respective Commitments. Within the limits of each BankLender's Commitment, the Company Borrower may from time to time borrowborrow under this Section 2.01, prepay pursuant to Section 2.122.10 and, and on or prior to the Commitment Termination Date, reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Solutia Inc)

The A Advances. Each Bank Lender severally agrees, agrees on the terms and conditions hereinafter set forth, to make A Advances to the Company Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date in an amounts such that the sum of (x) the aggregate principal amount of A Advances by such Lender plus (y) such Lender's Percentage of the aggregate principal amount of Swingline Loans plus (z) such Lender's LC Exposure at any one time outstanding shall not exceed the amount set forth opposite such Lender's name on Schedule I hereto or, if such Lender has entered into any Assignment and Acceptance, the amount set forth for such Lender in such Assignment and Acceptance or, if such Lender has entered into an agreement required by Section 2.07(b), the amount set forth for such Lender in such agreement (as each such amount may be reduced pursuant to exceed Section 2.07) (such Bankamount, such Lender's Commitment "Commitment"); provided that the aggregate amount of the Commitments of the Banks Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Banks Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "B Reduction"); and provided further that in no event shall the Swingline Lender be obligated to make any loan hereunder if, after making such loan and giving effect to the application of any funds made available at such time to prepay or repay any outstanding Swingline Loan, the sum of (A) the aggregate principal amount of A Advances. Swingline Loans and LC Exposure at such time outstanding exceeds an amount equal to (i) the aggregate Commitment less (II) the aggregate B Reduction. Each A Borrowing shall be in an aggregate amount not less than $25,000,000 in the case of a Base Rate Borrowing 20,000,000 or $50,000,000 in the case of a Eurodollar Rate Borrowing or, in each case, an integral multiple of $5,000,000 1,000,000 in excess thereof (or, if less, an aggregate amount equal to the difference between the aggregate amount of a proposed B Borrowing requested by the Company Borrower and the aggregate amount of B Advances offered to be made by the Banks Lenders and accepted by the Company Borrower in respect of such B Borrowing, if notice of such B Borrowing is made on the same date as such A Borrowing is given by the Company within two Business Days of the date of such B Borrowing) and shall consist of A Advances of the same Type made on the same day by the Banks Lenders ratably according to their respective Commitments. Within the limits of each BankLender's Commitment, the Company Borrower may from time to time borrowborrow under this Section 2.01, prepay pursuant to Section 2.12, 2.13(b) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Supervalu Inc)

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