The Commitments and Borrowings Clause Samples
The "Commitments and Borrowings" clause defines the obligations of lenders to provide funds and the borrower's right to draw on those funds under a loan agreement. It typically outlines the maximum amount available for borrowing, the process for making borrowing requests, and any conditions that must be met before funds are advanced. This clause ensures both parties understand the limits and procedures for accessing loaned funds, thereby providing clarity and structure to the lending arrangement.
The Commitments and Borrowings. Section 2.01
The Commitments and Borrowings. 2.01 Revolving Commitments 24 §–2.02 Borrowings, Conversions and Continuations of Loans 24 §–2.03 Swing Line Loans 26 §–2.04 Prepayments 28 §–2.05 Termination or Reduction of Aggregate Revolving Commitments 29 §–2.06 Repayment of Loans; Term Out Option 29 §–2.07 Interest 30 §–2.08 Fees 31 §–2.09 Computation of Interest and Fees 31 §–2.10 Evidence of Debt 32 §–2.11 Payments Generally; Administrative Agent’s Clawback 32 §–2.12 Sharing of Payments by Lenders 34 §–2.13 Cash Collateral 34 §–2.14 Defaulting Lenders 35 §–2.15 Additional Revolving Commitments 36 ARTICLE III — TAXES, YIELD PROTECTION AND ILLEGALITY §–3.01 Taxes 37 §–3.02 Illegality 41 §–3.03 Inability to Determine Rates 42 §–3.04 Increased Costs; Reserves on Eurodollar Rate Loans 44 §–3.05 Compensation for Losses 46 §–3.06 Mitigation Obligations; Replacement of Lenders 46 §–3.07 Survival 46
The Commitments and Borrowings. Section 2.01 Revolving Credit Borrowing; Protective Advances 76 Section 2.02 Borrowings, Conversions and Continuations of Loans 78 Section 2.03 Letters of Credit 80 Section 2.04 Swing Line Loans 90 Section 2.05 Prepayments 92 Section 2.06 Termination or Reduction of Commitments 94 Section 2.07 Repayment of Loans 95 Section 2.08 Interest 95 Section 2.09 Fees 96 Section 2.10 Computation of Interest and Fees 96 Section 2.11 Evidence of Indebtedness 97 Section 2.12 Payments Generally 97 Section 2.13 Sharing of Payments 99 Section 2.14 Incremental Credit Extensions 100 Section 2.15 Extensions of Revolving Credit Loans and Revolving Credit Commitments 102 Section 2.16 Defaulting Lenders 106 Section 2.17 Borrower Agent 108 Section 3.01 Taxes 109 Section 3.02 Illegality 113 Section 3.03 Inability to Determine Rates 113
The Commitments and Borrowings. 44 2.01 Loans ......................................................................................................................44 2.02 Borrowings, Conversions and Continuations of Loans ..........................................44 2.03 [Reserved] ...............................................................................................................46 2.04 [Reserved] ......................................................................................................... .....46 2.05 Prepayments ....................................................................................................... ....46 2.06 Termination or Reduction of Commitments ...........................................................47
The Commitments and Borrowings. SECTION 2.01 [Reserved].
The Commitments and Borrowings. 2.01 Loans 2.02 Borrowings, Conversions and Continuations of Loans
The Commitments and Borrowings. 99 Section 2.01 The Loans 99 Section 2.02 Borrowings, Conversions and Continuations of Loans 100 Section 2.03 [Reserved] 101 Section 2.04 [Reserved] 101 Section 2.05 Prepayments 101 Section 2.06 Termination or Reduction of Commitments 106 Section 2.07 Repayment of Loans 107 Section 2.08 Interest 107 Section 2.09 Fees 108 Section 2.10 Computation of Interest and Fees 108 Section 2.11 Evidence of Indebtedness 108 Section 2.12 Payments Generally; Administrative Agent’s Clawback 109 Section 2.13 Sharing of Payments 110 Section 2.14 Incremental Facilities 111 Section 2.15 New Incremental Notes 115 Section 2.16 Cash Collateral 115 Section 2.17 Defaulting Lenders 116 Section 2.18 Specified Refinancing Debt 117 Section 2.19 Permitted Debt Exchanges 118 ARTICLE III. Taxes, Increased Costs Protection and Illegality 119 Section 3.01 Taxes 119 Section 3.02 [Reserved] 122 Section 3.03 Illegality 122 Section 3.04 Inability to Determine Rates 123 Section 3.05 Increased Cost and Reduced Return; Capital Adequacy and Liquidity Requirements 123 Section 3.06 Funding Losses 124 Section 3.07 Matters Applicable to All Requests for Compensation 125 i
The Commitments and Borrowings. Section 2.01 Loans 5760 Section 2.02 Borrowings and Conversions of Loans 5760
The Commitments and Borrowings. 2.01 Loans.
The Commitments and Borrowings. 22 2.01 Loans....................................................22 2.02 Borrowings, Conversions and Continuations of Loans.......22 2.