Common use of The B Advances Clause in Contracts

The B Advances. (a) Each Bank severally agrees that the Company and any Borrowing Subsidiary may make B Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 15 days prior to the Termination Date in the manner set forth below; provided that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding shall not exceed the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction).

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Ecolab Inc), Multicurrency Credit Agreement (Ecolab Inc)

AutoNDA by SimpleDocs

The B Advances. (a) Each Bank severally agrees that the Company and any Borrowing Subsidiary Borrower may make B Borrowings in Dollars under this Section 2.03 from time to time on any Business Day during the period from the date hereof Effective Date until the date occurring 15 30 days prior to the Revolving Credit Termination Date in the manner set forth below; provided that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding shall not exceed the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Manpower Inc /Wi/), Revolving Credit Agreement (Manpower Inc /Wi/)

The B Advances. (a2.05(a) Each Bank severally agrees that the Company and any Borrowing Subsidiary may make B Borrowings under this Section 2.03 2.05 from time to time on any Business Day during the period from the date hereof until the date occurring 15 days prior to the Termination Date in the manner set forth below; , provided that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding shall not exceed the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction)Banks.

Appears in 2 contracts

Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)

The B Advances. (a) Each Bank severally agrees that the Company and any Borrowing Subsidiary may make B Borrowings under this Section 2.03 2.06 from time to time on any Business Day during the period from the date hereof until the date occurring 15 days prior to the Termination Date in the manner set forth below; provided that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Revolving Credit Obligations then outstanding shall not exceed the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction)Total Commitment.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Ecolab Inc), Multicurrency Credit Agreement (Ecolab Inc)

The B Advances. (a) Each Bank severally agrees that the Company and any Borrowing Subsidiary Borrower may make B Borrowings under this Section 2.03 2.16 from time to time on any Business Day during the period from the date hereof until the earlier of (1) the Termination Date or (2) the date occurring 15 thirty (30) days prior to the Stated Termination Date in the manner set forth below; provided that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding to the Borrower shall not exceed the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction).

Appears in 2 contracts

Samples: Credit Agreement (Williams Companies Inc), Credit Agreement (Williams Holdings of Delaware Inc)

The B Advances. (a) Each Bank severally agrees that the Company and any Borrowing Subsidiary may make B Borrowings under this Section SECTION 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 15 days prior to the Termination Date in the manner set forth below; provided PROVIDED that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding shall not exceed the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction).

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Ecolab Inc), Multicurrency Credit Agreement (Ecolab Inc)

AutoNDA by SimpleDocs

The B Advances. (a) Each Bank severally agrees that the Company and any Borrowing Subsidiary Borrower may make B Borrowings under this Section 2.03 2.08 from time to time on any Business Day during the period from the date hereof until the date occurring 15 30 days prior to the Termination Date in the manner set forth below; provided that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding shall not exceed the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction).

Appears in 2 contracts

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

The B Advances. (a) Each Bank severally agrees that the Company and any Borrowing Subsidiary Borrower may make B Borrowings under this Section 2.03 2.16 from time to time on any Business Day during the period from the date hereof until the earlier of (1) the Termination Date or (2) the date occurring 15 thirty (30) days prior to the Stated Termination Date in the manner set forth below; provided that, following the making of each B Borrowing, the aggregate amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding to the Borrower shall not exceed 364-Day Credit Agreement 26 the aggregate amount of the Commitments of the Banks (computed without regard to any B Reduction).

Appears in 1 contract

Samples: Credit Agreement (Williams Companies Inc)

The B Advances. (a) Each Bank A Lender severally agrees -------------- that the Company and any Borrowing Subsidiary Borrower may make B Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring 15 7 days prior to the Revolver Termination Date in the manner set forth below; provided provided, that, following the making of each B Borrowing, the aggregate -------- ---- amount (determined in Dollars) of the Advances and Letter of Credit Obligations then outstanding shall not exceed the aggregate amount of the A Commitments of the Banks A Lenders (computed without regard to any B Reduction).

Appears in 1 contract

Samples: Credit Agreement (Gap Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!