Common use of The Advances Clause in Contracts

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

Appears in 7 contracts

Samples: Assignment and Assumption (Celgene Corp /De/), Credit Agreement (Celgene Corp /De/), Credit Agreement (Autodesk Inc)

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The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s 's Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s 's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

Appears in 6 contracts

Samples: Credit Agreement (Renaissancere Holdings LTD), Credit Agreement (Renaissancere Holdings LTD), Credit Agreement (Renaissancere Holdings LTD)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower Borrowers from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s 's Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s 's Commitment, the Borrower Borrowers may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

Appears in 4 contracts

Samples: Day Credit Agreement (Omnicom Group Inc), Execution (Omnicom Group Inc), Credit Agreement (Omnicom Group Inc)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Closing Date until the Commitment Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 equal to the Borrowing Minimum or an integral multiple of $1,000,000 a Borrowing Multiple in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.01.

Appears in 3 contracts

Samples: Credit Agreement (Abbott Laboratories), Year Credit Agreement (Abbott Laboratories), Year Credit Agreement (Abbott Laboratories)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

Appears in 3 contracts

Samples: Credit Agreement (Autodesk Inc), Bridge Credit Agreement (Intuit Inc), Credit Agreement (Beckman Coulter Inc)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an aggregate amount not to exceed at any time outstanding such Lender’s Unused Commitment. Each Borrowing shall be in an aggregate amount of not less than $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender’s Revolving Credit Commitment, the any Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.012.01(a).

Appears in 2 contracts

Samples: Credit Agreement (Cooper Industries PLC), Credit Agreement (Cooper Industries PLC)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances in Dollars to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Unused Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.012.01(a).

Appears in 2 contracts

Samples: Credit Agreement (Pinnacle West Capital Corp), Credit Agreement (Pinnacle West Capital Corp)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower in U.S. dollars from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (Autodesk Inc), Credit Agreement (Autodesk Inc)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s 's Unused Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender’s 's Revolving Credit Commitment, the Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.012.01(a).

Appears in 2 contracts

Samples: Year Credit Agreement (Pinnacle West Capital Corp), Credit Agreement (Pinnacle West Capital Corp)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances in U.S. dollars to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (Celgene Corp /De/), Credit Agreement (Celgene Corp /De/)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s 's then current Unused Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender’s 's Revolving Credit Commitment, the Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.012.01(a).

Appears in 1 contract

Samples: Year Credit Agreement (Bausch & Lomb Inc)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s 's Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s 's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Year Credit Agreement (Sears Roebuck Acceptance Corp)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an aggregate amount not to exceed at any time outstanding such Lender’s 's Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s 's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Five Year Credit Agreement (At&t Inc.)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s 's Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 75,000,000 or an integral multiple of $1,000,000 5,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s 's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Day Credit Agreement (Sears Roebuck Acceptance Corp)

The Advances. Each The Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances advances (each an "Advance") to the Borrower from time to time on any Business Day during the period from the Effective Date date hereof until the Termination Date in an aggregate amount for each such Advance not to exceed the Lender's Unused Commitment at any time outstanding such Lender’s Commitmenttime. Each Borrowing shall be in an aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 100,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitmentsthereof. Within the limits of each the Lender’s Commitment's Unused Commitment in effect from time to time, the Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.09 2.05 and reborrow under this Section 2.012.01(a).

Appears in 1 contract

Samples: Credit Agreement (Komag Inc /De/)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an aggregate amount for each such Advance not to exceed at any time outstanding such Lender’s Commitment's Unused Commitment on such Business Day. Each Borrowing shall be in an aggregate amount of not less than $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective CommitmentsPro Rata Shares of such Borrowing. Within the limits of each Lender’s 's Unused Commitment, the any Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.012.01(a).

Appears in 1 contract

Samples: Credit Agreement (Black & Decker Corp)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Unused Commitment. Each Borrowing shall be in an aggregate amount of not less than $10,000,000 3,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender’s Revolving Credit Commitment, the Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.012.01(a).

Appears in 1 contract

Samples: Credit Agreement (Everest Re Group LTD)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date date hereof until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Unused Commitment. Each Borrowing shall be in an aggregate amount of not less than $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this borrow, repay pursuant to Section 2.01, 2.05 or prepay pursuant to Section 2.09 2.09(b), and reborrow reborrow, prior to the Termination Date, under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Olin Corp)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Commitment's Unused Commitment at such time. Each Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s 's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Day Credit Agreement (Consol Energy Inc)

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The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Unused Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender’s Revolving Credit Commitment, the Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.012.01(a).

Appears in 1 contract

Samples: Year Credit Agreement (Pinnacle West Capital Corp)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an aggregate amount not to exceed at any time outstanding such Lender’s Unused Commitment. Each Borrowing shall be in an aggregate amount of not less than $10,000,000 3,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender’s Revolving Credit Commitment, the Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.012.01(a).

Appears in 1 contract

Samples: Credit Agreement (Everest Re Group LTD)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 2.09(a) and reborrow re-borrow under this Section 2.01.

Appears in 1 contract

Samples: Day Credit Agreement (SBC Communications Inc)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an aggregate amount not to exceed at any time outstanding such Lender’s Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Yahoo Inc)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances in Dollars to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Unused Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.012.01(a).

Appears in 1 contract

Samples: Year Credit Agreement (Pinnacle West Capital Corp)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date date hereof until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s 's Unused Commitment. Each Borrowing shall be in an aggregate amount of not less than $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s 's Commitment, the Borrower may borrow under this borrow, repay pursuant to Section 2.01, 2.05 or prepay pursuant to Section 2.09 2.09(b), and reborrow reborrow, prior to the Termination Date, under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Olin Corp)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an aggregate amount for each such Advance not to exceed at any time outstanding such Lender’s CommitmentUnused Commitment on such Business Day. Each Borrowing shall be in an aggregate amount of not less than $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective CommitmentsPro Rata Shares of such Borrowing. Within the limits of each Lender’s Unused Commitment, the any Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.012.01(a).

Appears in 1 contract

Samples: Year Credit Agreement (Black & Decker Corp)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Bridge Credit Agreement (Snap on Inc)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an aggregate amount not to exceed at any time outstanding such Lender’s Unused Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.012.01(a).

Appears in 1 contract

Samples: Credit Agreement (Intuit Inc)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances (each an "Advance") to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount for each such Advance not to exceed at any time outstanding such Lender’s Commitment's Unused Commitment at such time. Each Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment's Unused Commitment in effect from time to time, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 2.05(a) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Warnaco Group Inc /De/)

The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower Company from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender’s Unused Commitment. Each Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower Company may borrow under this Section 2.01, prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Assignment and Assumption (Interpublic Group of Companies, Inc.)

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