Common use of The Commitments Clause in Contracts

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, (b) the aggregate Revolving Credit Exposure of all of the Lenders exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

Appears in 13 contracts

Samples: Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Senior Secured Revolving Credit Agreement (Capitala Finance Corp.)

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The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans loans (each such loan, a "Revolving Loan") to the Borrower -------------- from time to time on any Business Day during the Availability Period in an aggregate principal amount that will not result in (ai) such Lender’s 's Revolving Credit Exposure (after giving effect to such Revolving Loans) exceeding such Lender’s Commitment, 's Commitment or (bii) the aggregate sum of the Revolving Credit Exposure Exposures of all of the Lenders exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effectCommitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans.

Appears in 3 contracts

Samples: Credit Agreement (Nevada Power Co), Credit Agreement (Nevada Power Co), Credit Agreement (Nevada Power Co)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Syndicated Loans in Dollars or in any Agreed Foreign Currency to the Borrower Borrowers from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s 's Revolving Credit Exposure exceeding such Lender’s Commitment, 's Commitment or (b) the aggregate sum of the total Revolving Credit Exposure Exposures plus the aggregate principal amount of all of the Lenders outstanding Competitive Loans exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effectCommitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower Borrowers may borrow, prepay and reborrow Syndicated Loans.

Appears in 3 contracts

Samples: Credit Agreement (International Paper Co /New/), 364 Day Credit Agreement (International Paper Co /New/), Credit Agreement (International Paper Co /New/)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Syndicated Loans in Dollars or in any Agreed Foreign Currency to the Borrower Borrowers from time to time during the Availability Period in an aggregate principal amount that will not result in (ai) such Lender’s 's Revolving Credit Exposure exceeding such Lender’s Commitment, 's Commitment or (bii) the aggregate sum of the total Revolving Credit Exposure Exposures plus the aggregate principal amount of all of the Lenders outstanding Competitive Loans exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effectCommitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower Borrowers may borrow, prepay and reborrow Syndicated Loans.

Appears in 2 contracts

Samples: Credit Agreement (International Paper Co /New/), 364 Day Credit Agreement (International Paper Co /New/)

The Commitments. Subject to the terms and conditions set forth herein, each Lender severally agrees to make Loans to the Borrower from time to time during prior to the Availability Period Maturity Date in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, (b) the aggregate Revolving Credit Exposure of all of the Lenders exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp), Senior Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans loans (each such loan, a "Revolving Loan") to the Borrower from -------------- time to time on any Business Day during the Availability Period in an aggregate principal amount that will not result in (ai) such Lender’s 's Revolving Credit Exposure (after giving effect to such Revolving Loans) exceeding such Lender’s Commitment, 's Commitment or (bii) the aggregate sum of the Revolving Credit Exposure Exposures of all of the Lenders exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effectCommitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans.

Appears in 2 contracts

Samples: Credit Agreement (Sierra Pacific Power Co), Credit Agreement (Sierra Pacific Power Co)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans loans (each such loan, a "Revolving Loan") to the Borrower from time to time on any Business Day during the Availability Period in an aggregate principal amount that will not result in (ai) such Lender’s 's Revolving Credit Exposure (after giving effect to such Revolving Loans) exceeding such Lender’s Commitment, 's Commitment or (bii) the aggregate sum of the Revolving Credit Exposure Exposures of all of the Lenders exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effectCommitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans.

Appears in 2 contracts

Samples: Credit Agreement (Sierra Pacific Resources), Credit Agreement (Sierra Pacific Resources)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans in Dollars to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (ai) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, (bii) the aggregate Revolving Credit Exposure of all of the Lenders exceeding the aggregate Commitments Commitments, or (ciii) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement, Senior Secured Revolving Credit Agreement (Resource Capital Corp.)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving Loans in Dollars or any Agreed Foreign Currency to the Borrower Borrowers from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, Commitment or (b) the aggregate sum of the total Revolving Credit Exposure Exposures plus the aggregate principal amount of all of the Lenders outstanding Competitive Loans exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effectCommitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the each Borrower may borrow, prepay and reborrow Revolving Loans.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (NYSE Euronext), Credit Agreement (NYSE Euronext)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, (b) the aggregate Revolving Credit Exposure of all of the Lenders exceeding the aggregate Commitments Commitments, or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Sierra Income Corp), Senior Secured Revolving Credit Agreement (Sierra Income Corp)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the a Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s 's Revolving Credit Exposure exceeding such Lender’s Commitment, 's Commitment or (b) the aggregate total Revolving Credit Exposure of all Exposures exceeding the total Commitments (it being understood that Loans may be made, or be outstanding, to more than one of the Lenders exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effectBorrowers at any time). Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower Borrowers may borrow, prepay and reborrow Loans.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Xl Capital LTD), 364 Day Credit Agreement (Xl Capital LTD)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during prior to the Availability Period Maturity Date in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, (b) the aggregate Revolving Credit Exposure of all of the Lenders exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp), Senior Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp)

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The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans in Dollars to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, (b) the aggregate Revolving Credit Exposure of all of the Lenders exceeding the aggregate Commitments Commitments, or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Franklin BSP Capital Corp), Senior Secured Credit Agreement (Franklin BSP Lending Corp)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Syndicated Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result result, after giving effect thereto and the use of proceeds thereof, in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, Commitment or (b) the aggregate sum of the total Revolving Credit Exposure Exposures plus the aggregate principal amount of all of the Lenders outstanding Competitive Loans exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effectCommitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Syndicated Loans.

Appears in 1 contract

Samples: Credit Agreement (Bard C R Inc /Nj/)

The Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving Loans in Dollars to the Borrower Company and the Subsidiary Borrowers from time to time during the Availability Period in an aggregate principal amount that will not result in if after giving effect thereto (aand after giving effect to any application of proceeds of such Borrowing pursuant to Section 2.10): (i) such Lender’s Revolving Credit Exposure exceeding would not exceed such Lender’s Commitment, ; and (ii) the total Credit Exposures would not exceed the Total Commitment. (b) the aggregate Revolving Credit Exposure of all of the Lenders exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the each Borrower may borrow, prepay and reborrow its Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Brunswick Corp)

The Commitments. Subject to the terms and conditions set forth herein, herein each Lender agrees to make Loans in Dollars to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (ai) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, (bii) the aggregate Revolving Credit Exposure of all of the Lenders exceeding the aggregate Commitments Commitments, or (ciii) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (American Capital, LTD)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in dollars in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding the lesser of such Lender’s Commitment, Commitment and such Lender’s Applicable Percentage of the aggregate Borrowing Base or (b) the aggregate total Revolving Credit Exposure of all Exposures exceeding the lesser of the Lenders exceeding total Commitments and the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow the Loans.

Appears in 1 contract

Samples: Credit Agreement (American Realty Capital New York Recovery Reit Inc)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (ai) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, (bii) the aggregate Revolving Credit Exposure of all of the Lenders exceeding the aggregate Commitments or (ciii) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Fifth Street Finance Corp)

The Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s 's Revolving Credit Exposure exceeding such Lender’s 's Commitment, (b) the aggregate Revolving Credit Exposure of all of the Lenders exceeding the aggregate Commitments or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effect. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Alcentra Capital Corp)

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