Common use of The Advances Clause in Contracts

The Advances. (a) 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 occurring on or after the Funds Availability Date and on or before the Maturity Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I 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 Section 8.07(d), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) (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. The Borrower may make more than one Borrowing on the same day. 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 4 contracts

Samples: Credit Agreement (Mirant Americas Generating LLC), Credit Agreement (Mirant Americas Generating LLC), Credit Agreement (Mirant Corp)

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The Advances. (a) 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 occurring on or after during the Funds Availability Date period from the date hereof to and on or before including the Maturity Date Commitment Termination Date, in an aggregate amount outstanding not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I hereto 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(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii2.04(a) or 5.01(iincreased pursuant to Section 2.04(b) (such Lender's "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. The Borrower may make more than one Borrowing on Until the same day. Within Commitment Termination Date, within the limits of each Lender's Commitment, the Borrower may borrow under this from time to time borrow, repay pursuant to Section 2.01, 2.05 or prepay pursuant to Section 2.09 2.10(b) and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (Progress Energy Inc), Credit Agreement (Progress Energy Inc)

The Advances. (a) 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 occurring on or after during the Funds Availability Date period from the date hereof to and on or before including the Maturity Date Termination Date, in an aggregate amount outstanding not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I hereto 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(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (such Lender's "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. The Borrower may make more than one Borrowing on Until the same day. Within Termination Date, within the limits of each Lender's Commitment, the Borrower may borrow under this from time to time borrow, repay pursuant to Section 2.01, 2.05 or prepay pursuant to Section 2.09 2.10(b) and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (Florida Progress Corp), Credit Agreement (Progress Energy Inc)

The Advances. (a) 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 occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I hereto the signature pages hereof under the caption “Commitment” 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 Section 8.07(d), as such amount may be reduced or increased pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.05 (such Lender's "’s “Commitment"), minus such Lender’s Letter of Credit Exposure. Each Borrowing shall be in an the 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. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's ’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 2 contracts

Samples: Credit Agreement (Spectra Energy Corp.), Credit Agreement (Spectra Energy Capital, LLC)

The Advances. (a) 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 occurring on or after during the Funds Availability Date and on or before period from the Maturity Date date hereof until the last day of the Revolving Period in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I II hereto 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(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii2.04(a) or 5.01(i(b) or Section 2.16 or increased pursuant to Section 2.04(c) (such Lender's "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 and, in the case of Eurodollar Rate Advances, having the same Interest Period made or Converted on the same day by the Lenders ratably according to their respective Commitments. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01from time to time borrow, prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.01; provided, however, that at no time may the principal amount outstanding hereunder exceed the aggregate amount of the Commitments; provided further that, on the date hereof, the aggregate amount of the Commitments shall not exceed $1,500,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Entergy New Orleans Inc), Credit Agreement (Entergy Arkansas Inc)

The Advances. (a) 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 occurring on or after during the Funds Availability Date and on or before period from the Maturity Date date hereof to but excluding the Termination Date, in an aggregate amount outstanding not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I II hereto or, if such Lender has entered into any Assignment and AcceptanceAssumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(d8.07(c), as such amount may be reduced or increased pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (such Lender's "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. The Borrower may make more than one Borrowing on Until the same day. Within Termination Date, within the limits of each Lender's Commitment, the Borrower Company may borrow under this from time to time borrow, repay pursuant to Section 2.01, 2.05 or prepay pursuant to Section 2.09 2.11(b) and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (Progress Energy Inc), Credit Agreement (Progress Energy Inc)

The Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower in Dollars from time to time on any Business Day occurring on or after during the Funds Availability Date and on or before the Maturity Date Commitment Period in an aggregate amount that will not to exceed result in such Lender’s Revolving Credit Exposure exceeding at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I 2.01 hereto or, if such Lender has entered into any Assignment and AcceptanceAcceptance or Joinder Agreement, as set forth for such Lender in the Register maintained by the Agent pursuant to Section 8.07(d9.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (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. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's Commitmentthis Section 2.01, 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 2 contracts

Samples: Day Revolving Credit Agreement (Oracle Corp), Day Revolving Credit Agreement (Oracle Corp)

The Advances. (a) 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 occurring on or after during the Funds Availability Date and on or before period from the Maturity Date date hereof to but excluding the last day of the Revolving Period, in an aggregate amount outstanding not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I hereto the signature pages hereof or, if such Lender has entered into any Assignment and AcceptanceAcceptance or is an Assuming Lender, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(d8.07(c), as such amount may be reduced or increased pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (such Lender's "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. The Borrower may make more than one Borrowing on Until the same day. Within last day of the Revolving Period, within the limits of each Lender's Commitment, the Borrower Company may borrow under this from time to time borrow, repay pursuant to Section 2.01, 2.05 or prepay pursuant to Section 2.09 2.11(b) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Progress Energy Inc)

The Advances. (a) 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 occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I 1 hereto (as amended from time to time) 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 Section 8.07(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (such Lender's "’s “Commitment"). Each Borrowing shall be in an aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 500,000 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. The Borrower may make more than one Borrowing on the same day. 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: Credit Agreement (Greater Bay Bancorp)

The Advances. (a) 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 occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I 1 hereto (as amended from time to time) 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 Section 8.07(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (such Lender's "’s “Commitment"). Each Borrowing shall be in an aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 500,000 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. The Borrower may make more than one Borrowing on the same day. 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. Notwithstanding the foregoing, no Borrowings may be made hereunder during any Clean-up Period.

Appears in 1 contract

Samples: Credit Agreement (Greater Bay Bancorp)

The Advances. (a) 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 occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I hereto 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(d8.07(c), as such amount may be reduced or increased pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) this Article II (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. The Borrower may make more than one Borrowing on the same day. 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. SECTION 2.02.

Appears in 1 contract

Samples: Credit Agreement (National Grid Transco PLC)

The Advances. (a) 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 occurring on or after during the Funds Availability Date and on or before period from the Maturity Date date hereof until the last day of the Revolving Period in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I II hereto 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(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii2.04(a) or 5.01(i(b) or Section 2.16 or increased pursuant to Section 2.04(c) (such Lender's "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 and, in the case of Eurodollar Rate Advances or, having the same Interest Period made or Converted on the same day by the Lenders ratably according to their respective Commitments. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01from time to time borrow, prepay pursuant to Section 2.09 2.10 and reborrow under this Section 2.01; provided, however, that at no time may the principal amount outstanding hereunder exceed the aggregate amount of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Entergy Arkansas Inc)

The Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower hereunder from time to time on any Business Day occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Termination Date in an aggregate amount that will not to exceed result in such Lender’s Revolving Credit Exposure exceeding at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I 2.01 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 Section 8.07(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (such Lender's "’s “Commitment"). Each Borrowing shall be in an aggregate amount of $10,000,000 25,000,000 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. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's Commitmentthis Section 2.0l, 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 Revolving Credit Agreement (Oracle Corp /De/)

The Advances. (a) 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 occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Termination Date in an aggregate amount not to exceed at any time outstanding the Dollar amount set forth opposite such Lender's ’s name on Schedule I hereto orhereto, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to Section 8.07(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (such Lender's "’s “Commitment"). Each Borrowing shall be in an amount not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof (or, if less, an amount equal to the remaining aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof unused Commitments) and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. The Borrower may make more than one Borrowing on the same day. 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: Backstop Credit Agreement (United Parcel Service Inc)

The Advances. (a) 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 occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Commitment Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I hereto 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 Section 8.07(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) 2.04 or 5.01(i) increased pursuant to Section 2.16 or 2.17 (such Lender's "Commitment"). ---------- Each Borrowing shall be in an aggregate amount of $10,000,000 2,000,000 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. The Borrower may make more than one Borrowing on the same day. 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: Revolving Credit Agreement (Ambac Financial Group Inc)

The Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the each Borrower from time to time on any Business Day occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Commitment Termination Date in an aggregate amount amount, for both Borrowers, not to exceed at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I hereto 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(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) 2.04 or 5.01(i) increased pursuant to Section 2.16 or 2.17 (such Lender's "’s “Commitment"). Each Borrowing shall be in an aggregate amount of $10,000,000 1,000,000 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. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's ’s Commitment, the each 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 (Ambac Financial Group Inc)

The Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances one or more loans (each, a “Revolving Advance”) to the Borrower from time to time on any Business Day occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Revolving Credit Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I hereto 2.01 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 Section 8.07(d), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.05 (such Lender's "’s “Commitment"). Each Borrowing of Revolving Advances shall be in an the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's ’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. The aggregate amount of the Commitments on the Effective Date is $2,000,000,000.

Appears in 1 contract

Samples: Day Credit Agreement (Spectra Energy Corp.)

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The Advances. (a) 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 occurring on or after during the Funds Availability Date and on or before the Maturity Date Period in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I 1 hereto (as amended from time to time) 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 Section 8.07(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (such Lender's "’s “Commitment"). Each Borrowing shall be in an aggregate a minimum amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 500,000 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. The Borrower may make more than one Borrowing on the same day. 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: Credit Agreement (Greater Bay Bancorp)

The Advances. (a) 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 occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I hereto 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(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (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. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09 2.08 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Hartford Life Inc)

The Advances. (a) 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 occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I hereto 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(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (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. The Borrower may make more than one Borrowing on the same day. 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 (New England Electric System)

The Advances. (a) 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 occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Termination Date of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I 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 Section 8.07(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.05 (such Lender's "’s “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 to the Borrower by the Lenders ratably according to their respective Commitments. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's ’s Commitment, the Borrower may borrow under this Section 2.01from time to time borrow, until the Commitment Termination Date, prepay pursuant to Section 2.09 2.06(c) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Computer Sciences Corp)

The Advances. (a) 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 occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I hereto the signature pages hereof under the caption “Commitment” 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 Section 8.07(d), as such amount may be reduced or increased pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.05 (such Lender's "’s “Commitment"), minus such Lender’s Letter of Credit Exposure. Each Borrowing shall be in an the 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. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's ’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. For the avoidance of doubt, all loans outstanding under the Existing Credit Agreement as of the Effective Date shall constitute Advances hereunder pursuant to Section 1.07.

Appears in 1 contract

Samples: Credit Agreement (Spectra Energy Corp.)

The Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower hereunder from time to time on any Business Day occurring on or after during the Funds Availability period from the Effective Date and on or before until the Maturity Termination Date in an aggregate amount that will not to exceed result in such Lender’s Revolving Credit Exposure exceeding at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I 2.01 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 Section 8.07(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (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. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's Commitmentthis Section 2.0l, 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 Revolving Credit Agreement (Oracle Corp /De/)

The Advances. (a) 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 occurring on or after during the Funds Availability Date and on or before period from the Maturity date hereof until the Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I hereto 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(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (such Lender's "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 Credit Agreement by the Lenders ratably according to their respective Commitments. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01borrow, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Centennial Cellular Corp)

The Advances. (a) 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 occurring on or after during the Funds Availability Date and on or before period from the Maturity Date date hereof to but excluding the last day of the Revolving Period, in an aggregate amount outstanding not to exceed at any time outstanding the amount set forth opposite such Lender's name on Schedule I II hereto or, if such Lender has entered into any Assignment and AcceptanceAcceptance or is an Assuming Lender, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(d8.07(c), as such amount may be reduced or increased pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (such Lender's "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. The Borrower may make more than one Borrowing on Until the same day. Within last day of the Revolving Period, within the limits of each Lender's Commitment, the Borrower Company may borrow under this from time to time borrow, repay pursuant to Section 2.01, 2.05 or prepay pursuant to Section 2.09 2.11(b) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Florida Progress Corp)

The Advances. (a) 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 occurring on or after during the Funds Availability period from the Closing Date and on or before until the Maturity Termination Date of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I II hereto or, if such Lender has entered into any Assignment and AcceptanceAssumption, set forth for such Lender in the Register maintained by the Agent pursuant to Section 8.07(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (such Lender's "’s “Commitment"). Each Borrowing shall be in an aggregate amount of not less than $10,000,000 25,000,000 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 to the Borrower by the Lenders ratably according to their respective Commitments. The Borrower may make more than one Borrowing on the same day. Within the limits of each Lender's ’s Commitment, the Borrower may borrow under this Section 2.01from time to time borrow, until the Commitment Termination Date, prepay pursuant to Section 2.09 2.05(e) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Computer Sciences Corp)

The Advances. (a) 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 occurring on or after during the Funds Availability Date period from the date hereof to and on or before including the Maturity Date day prior to the Commitment Termination Date, in an aggregate amount outstanding not to exceed at any time outstanding the amount set forth opposite such Lender's ’s name on Schedule I hereto 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(d8.07(c), as such amount may be reduced pursuant to Section 2.04, 5.01(b)(ii) or 5.01(i) 2.04 (such Lender's "’s “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. The Borrower may make more than one Borrowing on Until the same day. Within day prior to the Commitment Termination Date, within the limits of each Lender's ’s Commitment, the Borrower may borrow under this from time to time borrow, repay pursuant to Section 2.01, 2.05 or prepay pursuant to Section 2.09 2.10(b) and reborrow under this Section 2.01. In no event shall the Borrower be entitled to request or receive any Advance that would cause the aggregate principal amount of outstanding Advances to exceed the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Progress Energy Inc)

The Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the this Borrower from time to time on any Business Day occurring on or after during the Funds Availability period from the Closing Date and on or before until the Maturity Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite on such Lender's name on Schedule I signature page hereto or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in under the Register maintained by the Agent pursuant to Section 8.07(d), heading "Commitment," as such amount may be increased pursuant to Section 2.8, reduced pursuant to Section 2.042.5 or increased or reduced as a result of one or more assignments pursuant to Section 11.5 (such amount, 5.01(b)(ii) as increased or 5.01(i) (reduced, hereinafter referred to as such Lender's "Commitment"); provided, however, that after giving effect to any Borrowing, the aggregate principal amount of all outstanding Borrowings shall not exceed the Aggregate 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. The Borrower may make more than one Borrowing on the same dayCommitment Percentages. Within the limits of each Lender's Commitment, and subject to the other terms and conditions of this Agreement, the Borrower may borrow under this Section 2.01borrow, prepay pursuant to Section 2.09 2.6 and reborrow under pursuant to this Section 2.012.1.

Appears in 1 contract

Samples: Credit Agreement (Dimon Inc)

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