Common use of The Borrowing Facility Clause in Contracts

The Borrowing Facility. Each Bank severally agrees, on the terms and conditions provided herein, to make Advances denominated in Dollars to the Borrower from time to time on any Business Day during the period from the date hereof to the Termination Date in an aggregate Dollar principal amount that will not result in (a) such Bank’s Revolving Credit Exposure exceeding such Bank’s Commitment or (b) the Aggregate Revolving Credit Exposure exceeding the Aggregate Commitments. Subject to Section 5.01, each Borrowing shall be in an aggregate amount equal to $20,000,000 (or a higher integral multiple of $5,000,000 (other than a Swingline Loan)), shall be made on the same day from the Banks ratably according to their respective Commitments and shall consist of Advances of the same Type. Within the limits of each Bank’s Commitment, the Borrower may borrow Advances under this Section 2.01, maintain Advances outstanding by continuing or Converting such Advances pursuant to Section 2.03, or prepay Advances pursuant to Section 5.12, and re-borrow Advances under this Section 2.01. The Aggregate Commitments to lend hereunder shall expire on the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Baxter International Inc), Credit Agreement (Baxalta Inc)

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The Borrowing Facility. Each Bank severally agrees, on the terms and conditions provided herein, to make Advances denominated in Dollars Agreed Currencies to the Borrower Borrowers from time to time on any Business Day during the period from the date hereof to the Termination Date in an aggregate Dollar principal amount Euro Amount that will not result in (a) such Bank’s Revolving Credit Exposure exceeding such Bank’s Commitment or (b) the Aggregate Revolving Credit Exposure exceeding the Aggregate Commitments. Subject to Section 5.01, each Borrowing shall be in an aggregate amount equal to $20,000,000 (or a higher integral multiple of $5,000,000 (other than a Swingline Loan))) shall be in an aggregate Euro Amount not less than €10,000,000 and an integral multiple of 5,000,000 units of the applicable currency, shall be made on the same day from the Banks ratably according to their respective Commitments and shall consist of Advances of the same TypeCommitments. Within the limits of each Bank’s Commitment, the Borrower Borrowers may borrow Advances under this Section 2.01, maintain Advances outstanding by continuing or Converting such Advances pursuant to Section 2.03, or prepay Advances pursuant to Section 5.12, and re-borrow reborrow Advances under this Section 2.01. The Aggregate Commitments to lend hereunder shall expire on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Baxter International Inc)

The Borrowing Facility. Each Bank severally agrees, on the terms and conditions provided herein, to make Advances denominated in Dollars Agreed Currencies to the Borrower from time to time on any Business Day during the period from the date hereof to the Facility Termination Date in an aggregate Dollar principal Euro Amount not to exceed at any time outstanding the amount that will not result in (a) such Bank’s Revolving Credit Exposure exceeding of such Bank’s Commitment or (b) the Aggregate Revolving Credit Exposure exceeding the Aggregate Commitments“Borrowing Facility”). Subject to Section 5.013.01, each Borrowing shall be in an aggregate amount equal to $20,000,000 not less than 10,000,000 Euro (and in integral multiples of 5,000,000 Euro in excess thereof) (or a higher integral multiple of $5,000,000 (the Approximate Equivalent Amounts if such Advances are denominated in Agreed Currencies other than a Swingline Loan)Euro), shall be made on the same day from the Banks ratably according to their respective Commitments and shall consist of Advances of the same TypeCommitments. Within the limits of each Bank’s Commitment, the Borrower may borrow Advances under this Section 2.01, maintain Advances outstanding by continuing or Converting such Advances pursuant to Section 2.03, or prepay Advances pursuant to Section 5.123.12, and re-borrow reborrow Advances under this Section 2.01. The Aggregate Commitments to lend hereunder shall expire on the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Baxter International Inc)

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The Borrowing Facility. Each Bank severally agrees, on the terms and conditions provided herein, to make Advances denominated in Dollars to the Borrower from time to time on any Business Day during the period from the date hereof to the Termination Date in an aggregate Dollar principal amount that will not result in (a) to exceed at any time outstanding the amount of such Bank’s Revolving Credit Exposure exceeding such Bank’s Commitment or (b) the Aggregate Revolving Credit Exposure exceeding the Aggregate CommitmentsCommitment. Subject to Section 5.01, each Borrowing shall be in an aggregate amount equal to not less than $20,000,000 25,000,000 (or a higher and in integral multiple multiples of $5,000,000 (other than a Swingline Loan)in excess thereof), shall be made on the same day from the Banks ratably according to their respective Commitments and shall consist of Advances of the same Type. Within the limits of each Bank’s Commitment, the Borrower may borrow Advances under this Section 2.01, maintain Advances outstanding by continuing or Converting such Advances pursuant to Section 2.03, or prepay Advances pursuant to Section 5.12, and re-borrow Advances under this Section 2.01. The Aggregate Commitments to lend hereunder shall expire on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Baxter International Inc)

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