Common use of The Advances Clause in Contracts

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (an "Advance") to the Borrower on the Funding Date in an amount not to exceed such Lender's Commitment. The Borrowing shall consist of Advances made simultaneously by the Lenders ratably according to their Commitments. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 2 contracts

Samples: Credit Agreement (Sodexho Alliance S A), Credit Agreement (Sodexho Mariott Services Inc)

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The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (an "Advance") Advance to the Borrower on the Funding Date in an Effective Date, with the amount not of the Advance being equal to exceed the amount set forth opposite such Lender's Commitment’s name on Schedule I hereto. The Borrowing shall consist of the respective Advances made simultaneously by the Lenders ratably according to their Commitmentsthe Borrower. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (U S Energy Systems Inc), First Lien Credit Agreement (U S Energy Systems Inc)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance advances (each, an "Advance") to the Borrower on the Funding Closing Date in an amount not to exceed such Lender's Commitment’s Commitment at such time. The Any Borrowing shall consist of Advances made simultaneously on the same day by the Lenders ratably according to their Commitments. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Interim Loan Agreement (Tribune Co)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (an "Advance") to the Borrower on the Funding Effective Date in an amount not to exceed such Lender's Commitment. The Borrowing shall consist ’s Commitment at such time, consisting of Advances made simultaneously by the Lenders ratably according to their Commitments. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Triple Crown Media, Inc.)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (an "Advance") Advance to the Borrower on the Funding Date in an amount not to exceed such Lender's ’s Commitment. The Borrowing shall consist of Advances made simultaneously by the Lenders ratably according to their respective Commitments. Amounts borrowed under this Section 2.01 2.01(a) and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (At&t Inc.)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (an "AdvanceADVANCE") to the Borrower on the Funding Effective Date in an amount not to exceed such Lender's Commitment. The Borrowing shall consist Commitment at such time, consisting of Advances made simultaneously by the Lenders ratably according to their Commitments. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Open Solutions Inc

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (each, an "Advance") to the Borrower on the Funding Effective Date in an amount not to exceed such Lender's Commitment’s Commitment . The Borrowing shall consist of Advances made simultaneously by the Lenders ratably according to their Commitments. Amounts borrowed under pursuant to this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Term Loan Agreement (Alliance Resource Partners Lp)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (an "Advance") to the Borrower on the Funding Effective Date in an amount not to exceed such Lender's Commitment’s Commitment at such time. The Borrowing shall consist of Advances made simultaneously by the Lenders ratably according to their Commitments. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Ntelos Holdings Corp)

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The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (each an "Advance"” and together the “Advances”) to the either Borrower on the Funding Borrowing Date in an amount not to exceed such Lender's Commitment. The Borrowing shall consist of Advances made simultaneously by the Lenders ratably according to their Commitments’s Commitment at such time. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit and Security Agreement (Grupo Imsa Sa De Cv)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (an "Advance") to the Borrower on the Funding Closing Date in an amount not to exceed such Lender's Commitment’s Commitment at such time. The Borrowing shall consist of Advances made simultaneously by the Lenders ratably according to their Commitments. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Landrys Restaurants Inc)

The Advances. Each Lender Lender, severally and not jointly with the other Lenders agrees, on upon the terms and subject to the conditions hereinafter herein set forth, to make a single advance (each, an "Advance") to the Borrower on the Funding Closing Date in an amount not to exceed such Lender's ’s Commitment. The Borrowing shall consist of Advances made simultaneously by the Lenders ratably according to their the Lenders’ Commitments. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Term Facility Credit and Guaranty Agreement (Capmark Financial Group Inc.)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single an advance (an "its “Advance") to the Borrower on the Funding Effective Date in an amount not to exceed such Lender's Commitment’s Commitment at such time. The Borrowing shall consist of Advances made simultaneously by the Lenders ratably according to their Commitments. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.

Appears in 1 contract

Samples: Credit Agreement (Tc Pipelines Lp)

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