The A Advances. Each A Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Borrower from time to time on any Business Day during the period from the date hereof until the Revolver Termination Date in an aggregate amount not to exceed at any time outstanding such A Lender's A Commitment, provided, that, the aggregate amount of the A Commitments of the 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 A Lenders ratably according to their respective A Commitments (such deemed use of the aggregate amount of the A Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than (i) $15,000,000, in the case of an A Borrowing consisting of Eurodollar Rate Advances and (ii) $1,000,000, in the case of an A Borrowing consisting of Base Rate Advances, or, in each case, in integral multiples of $1,000,000 in excess thereof and shall consist of A Advances of the same Type made on the same day by the A Lenders ratably according to their respective A Commitments. Within the limits of each A Lender's A Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11(b) and reborrow under this Section 2.01.
Appears in 1 contract
Samples: Credit Agreement (Gap Inc)
The A Advances. Each A Lender severally agrees, on the terms and -------------- conditions hereinafter set forth, to make A Advances to the Borrower from time to time on any Business Day during the period from the date hereof until the Revolver Termination Date in an aggregate amount not to exceed at any time outstanding such A Lender's A Commitment, provided, that, the aggregate amount -------- ---- of the A Commitments of the 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 A Lenders ratably according to their respective A Commitments (such deemed use of the aggregate amount of the A Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than (i) $15,000,000, in the case of an A Borrowing consisting of Eurodollar Rate Advances and (ii) $1,000,000, in the case of an A Borrowing consisting of Base Rate Advances, or, in each case, in integral multiples of $1,000,000 in excess thereof and shall consist of A Advances of the same Type made on the same day by the A Lenders ratably according to their respective A Commitments. Within the limits of each A Lender's A Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11(b) and reborrow under this Section 2.01.
Appears in 1 contract
Samples: Credit Agreement (Gap Inc)
The A Advances. Each A Lender severally agrees, on the terms and -------------- conditions hereinafter set forth, to make A Advances to the Borrower from time to time on any Business Day during the period from the date hereof until the Revolver Termination Date in an aggregate amount not to exceed at any time outstanding such A Lender's A Commitment, provided, that, the aggregate amount -------- ---- of the A Commitments of the 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 A Lenders ratably according to their respective A Commitments (such deemed use of the aggregate amount of the A Commitments being a "B Reduction"). Each A ----------- Borrowing shall be in an aggregate amount not less than (i) $15,000,000, in the case of an A Borrowing consisting of Eurodollar Rate Advances and (ii) $1,000,000, in the case of an A Borrowing consisting of Base Rate Advances, or, in each case, in integral multiples of $1,000,000 in excess thereof and shall consist of A Advances of the same Type made on the same day by the A Lenders ratably according to their respective A Commitments. Within the limits of each A Lender's A Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11(b) and reborrow under this Section 2.01.
Appears in 1 contract
Samples: Credit Agreement (Gap Inc)
The A Advances. Each A Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Borrower from time to time on any Business Day during the period from the date hereof until the Revolver Termination Date in an aggregate amount not to exceed at any time outstanding such A Lender's A Commitment, provided, that, the aggregate amount of the A Commitments of the 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 A Lenders ratably according to their respective A Commitments (such deemed use of the aggregate amount of the A Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than (i) $15,000,000, in the case of an A Borrowing consisting of Eurodollar Rate Advances or Adjusted CD Rate Advances and (ii) $1,000,000, in the case of an A Borrowing consisting of Base Rate Advances, or, in each case, in integral multiples of $1,000,000 in excess thereof and shall consist of A Advances of the same Type made on the same day by the A Lenders ratably according to their respective A Commitments. Within the limits of each A Lender's A Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11(b) and reborrow under this Section 2.01.
Appears in 1 contract
Samples: Credit Agreement (Gap Inc)