The Advances and the Letters of Credit. Section 2.01 The Advances; Extension of Initial Maturity Date. ------------------------------------------------
The Advances and the Letters of Credit. (a) The Revolving Credit Advances. Subject to the terms and conditions set forth herein, (i) each Revolving Credit Lender severally agrees to make revolving credit loans denominated in Dollars to the Borrower pursuant to Section 2.02 (a “Revolving Credit Advance”) from time to time, on any Business Day until the Termination Date, in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Swing Line Advances or outstanding Letter of Credit Advances) and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments; provided, however, that the aggregate principal amount of all such Revolving Credit Advances (together with the aggregate principal amount of all Swing Line Advances then outstanding plus the aggregate Available Amount of all Letters of Credit outstanding at such time) shall not exceed the lesser of (x) the Revolving Credit Facility at such time or (y) the Borrowing Base then in effect, subject to the Administrative Agent’s authority, in its sole discretion to make Protective Advances pursuant to the terms of Section 2.01(d). Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a).
The Advances and the Letters of Credit. (a) The Term B-1 Advances. Each Term B-1 Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a “Term B-1 Advance”) in Dollars to the Borrower on the Effective Date in an amount not to exceed such Lender’s Term B-1 Commitment at such time. The Term B-1 Borrowing shall consist of Term B-1 Advances made simultaneously by the Term B-1 Lenders ratably according to their Term B-1 Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term B-1 Borrowings may be made as Base Rate Advances or Eurocurrency Rate Advances.
The Advances and the Letters of Credit. (a) The Term A Advances. Each Term A Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a “Term A Advance”) to the Borrower on the Effective Date in an amount not to exceed such Lender’s Term A Commitment. The Term A Borrowing shall consist of Term A Advances made simultaneously by the Term A Lenders ratably according to their Term A Commitments whereupon the Term A Commitments shall be reduced to zero in accordance with Section 2.05(b). Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed.
The Advances and the Letters of Credit. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each a “Revolving Credit Advance”) in Yen to a Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date in an amount for each such Revolving Credit Advance not to exceed such Lender’s Unused Revolving Credit Commitment at such time. Each Borrowing shall be in an aggregate amount not less than the Revolving Credit Borrowing Minimum or a Revolving Credit Borrowing Multiple in excess thereof and shall consist of Revolving Credit Advances in Yen made simultaneously by the Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Termination Date, the Borrowers may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a).
The Advances and the Letters of Credit. (a) The Term A -------------------------------------- Advances. Each Term A Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a "TERM A ADVANCE") to the Borrower on any Business Day during the period from the date hereof until June 30, 1999 in an amount not to exceed such Lender's Term A Commitment at such time. The Term A Borrowing shall consist of Term A Advances made simultaneously by the Term A Lenders ratably according to their Term A Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed.
The Advances and the Letters of Credit. Section 2.01 The Advances. Section 2.02 Method of Borrowing Section 2.03 Fees Section 2.04 Reduction of the Commitments Section 2.05 Repayment of Advances Section 2.06 Interest, Late Payment Fee Section 2.07 Prepayments Section 2.08 Breakage Costs Section 2.09 Increased Costs Section 2.10 Payments and Computations Section 2.11 Taxes Section 2.12 Illegality Section 2.13 Letters of Credit Section 2.14 Determination of Borrowing Base Section 2.15 Bank Replacement Section 2.16 Sharing of Payments, Etc.
The Advances and the Letters of Credit. Section 2.01. The Advances; Extension of Maturity Date. 19 Section 2.02. Method of Borrowing 19 Section 2.03. Fees 22 Section 2.04. Reduction of the Commitments 23 Section 2.05. Repayment of Advances 23 Section 2.06. Interest 24 Section 2.07. Prepayments 25 Section 2.08. Breakage Costs 27 Section 2.09. Increased Costs 27 Section 2.10. Payments and Computations 29 Section 2.11. Taxes 30 Section 2.12. Illegality 31 Section 2.13. Letters of Credit 32 Section 2.14. Determination of Borrowing Base 34 Section 2.15. Bank Replacement 35 Section 2.16. Sharing of Payments, Etc. 35 Section 2.17. Collateral. 36
The Advances and the Letters of Credit. (a) The Term A Advances. Each Term A Lender has made a Term A Advance pursuant to the Existing Credit Agreement. Any Term A Advance which is repaid or prepaid may not be reborrowed.
The Advances and the Letters of Credit. Section 2.1 The Advances.................................................... 23 Section 2.2
