Common use of The Commitments Clause in Contracts

The Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time on any Business Day during the period from the Restatement Effective Date until the Termination Date applicable to the Commitment of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name on Schedule II hereto or, if such Lender has entered into any Assignment and Assumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 (such Lender’s “Commitment”). Each Borrowing shall be in an amount not less than $1,000,000 or an integral multiple of $100,000 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. Within the limits of each Lender’s Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at no time may the Outstanding Credits exceed the aggregate amount of the Commitments.

Appears in 7 contracts

Samples: Credit Agreement (Entergy New Orleans, LLC), Credit Agreement (Entergy New Orleans, LLC), Credit Agreement (Entergy New Orleans, LLC)

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The Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time on any Business Day during the period from the Restatement Effective Date date hereof until the Termination Date applicable with respect to the Commitment of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name on Schedule II hereto or, if such Lender has entered into any Assignment and Assumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 (such Lender’s “Commitment”). Each Borrowing shall be in an amount not less than $1,000,000 or an integral multiple of $100,000 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. Within the limits of each Lender’s Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at no time may the Outstanding Credits exceed the aggregate amount of the Commitments.

Appears in 4 contracts

Samples: Credit Agreement (Entergy Texas, Inc.), Credit Agreement (Entergy Texas, Inc.), Credit Agreement (Entergy Texas, Inc.)

The Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances in Dollars to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time on any Business Day during the period from the Restatement Effective Date until the Termination Date applicable to the Commitment of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name on Schedule II hereto or, if such Lender has entered into any Assignment and Assumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 2.05(a) or 2.05(b) or increased pursuant to Section 2.05(c) (such Lender’s “Commitment”). Each Borrowing shall be in an amount not less than $1,000,000 or an integral multiple of $100,000 in excess thereof and shall consist of Advances of the same Type and, in the case of Eurodollar Rate SOFR Advances, having the same Interest Period made or Converted on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each LenderXxxxxx’s Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at no time may the Outstanding Credits exceed the aggregate amount of the Commitments.

Appears in 3 contracts

Samples: Credit Agreement (Entergy Mississippi, LLC), Credit Agreement (Entergy Mississippi, LLC), Credit Agreement (Entergy Mississippi, LLC)

The Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances in United States dollars to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time on any Business Day during the period from the Restatement Effective Date until the Termination Date applicable to the Commitment of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name on Schedule II hereto or, if such Lender has entered into any Assignment and Assumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 2.05(a) or increased pursuant to Section 2.05(c) (such Lender’s “Commitment”). Each Borrowing shall be in an amount not less than $1,000,000 or an integral multiple of $100,000 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. Within the limits of each Lender’s Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at no time may the Outstanding Credits exceed the aggregate amount of the Commitments.

Appears in 3 contracts

Samples: Credit Agreement (Entergy Arkansas, LLC), Credit Agreement (Entergy Arkansas, LLC), Credit Agreement (Entergy Arkansas, LLC)

The Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time on any Business Day during the period from the Restatement Effective Date until the Termination Date applicable to the Commitment of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name on Schedule II hereto or, if such Lender has entered into any Assignment and Assumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 2.05(a) or increased pursuant to Section 2.05(c) (such Lender’s “Commitment”). Each Borrowing shall be in an amount not less than $1,000,000 5,000,000 or an integral multiple of $100,000 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. Within the limits of each Lender’s Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at no time may the Outstanding Credits exceed the aggregate amount of the Commitments.

Appears in 2 contracts

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

The Commitments. Each Lender severally agrees, on On the terms and subject to the conditions hereinafter set forthforth in this Agreement, including, without limitation, the conditions set forth in Article IV and in reliance upon the representations and warranties contained herein, each of the Lenders, severally and not jointly, agrees to make Advances to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time and with respect to each Advance in the principal amount equal to such Lender‘s Percentage of the requested Advance on the applicable Borrowing Date; provided that (i) the aggregate principal amount of any Business Day during Lender‘s Advance at any one time outstanding may not exceed the period from lesser of (A) the Restatement Effective Date until the Termination Date applicable to the Commitment amount of such Lender Lender‘s Revolving Commitment and (B) such Lender‘s Percentage of the Borrowing Base and (ii) in no event shall an aggregate amount not to exceed Overadvance exist at any time outstanding the amount set forth opposite prior to or after giving effect to any such Lender’s name on Schedule II hereto orAdvance; provided, if such Lender has entered into any Assignment and Assumptionfurther, set forth for such Lender in the Register maintained by that the Administrative Agent pursuant to Section 8.07(c)shall not have any duty, as such amount may be reduced pursuant to Section 2.05 (such Lender’s “Commitment”). Each liability or obligation regarding the Borrowing shall be in an amount not less than $1,000,000 Base, the calculation thereof or an integral multiple of $100,000 in excess thereof and shall consist of Advances of the same Type andcompliance with the previous proviso, in or regarding the case of Eurodollar Rate Advances, having the same Interest Period made or Converted on the same day Borrowing Base Certificate delivered by the Lenders ratably according to their respective CommitmentsBorrower. Within the foregoing limits of each Lender’s Commitmentand subject to the terms, conditions and limitations set forth in this Agreement, the Borrower may from time to time borrow, pay or prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at Advances. Each Lender‘s several Revolving Commitment shall automatically terminate on the Facility Termination Date and no time may the Outstanding Credits exceed the aggregate amount of the Commitmentsnew Advances shall be made after such date.

Appears in 1 contract

Samples: Credit and Security Agreement (Bausch Health Companies Inc.)

The Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances in Dollars to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time on any Business Day during the period from the Restatement Effective Date until the Termination Date applicable to the Commitment of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name on Schedule II hereto or, if such Lender Xxxxxx has entered into any Assignment and Assumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 2.05(a) or 2.05(b) or increased pursuant to Section 2.05(c) (such LenderXxxxxx’s “Commitment”). Each Borrowing shall be in an amount not less than $1,000,000 or an integral multiple of $100,000 in excess thereof and shall consist of Advances of the same Type and, in the case of Eurodollar Rate SOFR Advances, having the same Interest Period made or Converted on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each LenderXxxxxx’s Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at no time may the Outstanding Credits exceed the aggregate amount of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Entergy Mississippi, LLC)

The Commitments. Each Lender severally agrees, on On the terms and subject to the conditions hereinafter set forthforth in this Agreement, including, without limitation, the conditions set forth in Article IV and in reliance upon the representations and warranties contained herein, each of the Lenders, severally and not jointly, agrees to make Advances to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time and with respect to each Advance in the principal amount equal to such Lender’s Percentage of the requested Advance on the applicable Borrowing Date; provided that (i) the aggregate principal amount of any Business Day during Lender’s Advance at any one time outstanding may not exceed the period from lesser of (A) the Restatement Effective Date until the Termination Date applicable to the Commitment amount of such Lender Xxxxxx’s Revolving Commitment and (B) such Lender’s Percentage of the Borrowing Base and (ii) in no event shall an aggregate amount not to exceed Overadvance exist at any time outstanding the amount set forth opposite prior to or after giving effect to any such Lender’s name on Schedule II hereto orAdvance; provided, if such Lender has entered into any Assignment and Assumptionfurther, set forth for such Lender in the Register maintained by that the Administrative Agent pursuant to Section 8.07(c)shall not have any duty, as such amount may be reduced pursuant to Section 2.05 (such Lender’s “Commitment”). Each liability or obligation regarding the Borrowing shall be in an amount not less than $1,000,000 Base, the calculation thereof or an integral multiple of $100,000 in excess thereof and shall consist of Advances of the same Type andcompliance with the previous proviso, in or regarding the case of Eurodollar Rate Advances, having the same Interest Period made or Converted on the same day Borrowing Base Certificate delivered by the Lenders ratably according to their respective CommitmentsBorrower. Within the foregoing limits of each Lender’s Commitmentand subject to the terms, conditions and limitations set forth in this Agreement, the Borrower may from time to time borrow, pay or prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at Advances. Each Lender’s several Revolving Commitment shall automatically terminate on the Facility Termination Date and no time may the Outstanding Credits exceed the aggregate amount of the Commitmentsnew Advances shall be made after such date.

Appears in 1 contract

Samples: Credit and Security Agreement (Bausch Health Companies Inc.)

The Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower Borrowers and to participate in the reimbursement obligations of the Borrower Borrowers in respect of Letters of Credit from time to time on any Business Day during the period from the Restatement Effective Date until the Termination Date applicable to the Commitment of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name on Schedule II hereto or, if such Lender has entered into any Assignment and Assumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 (such Lender’s “Commitment”). Each Borrowing shall be in an amount not less than $1,000,000 or an integral multiple of $100,000 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. Within the limits of each Lender’s Commitment, the each Borrower may from time to time borrow, prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at no time may (i) the Outstanding Credits exceed the aggregate amount of the Commitments, or (ii) the Outstanding Credits for the account of any Borrower exceed such Borrower’s Borrower Sublimit.

Appears in 1 contract

Samples: Credit Agreement (Entergy Gulf States Louisiana, LLC)

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The Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances in Dollars to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time on any Business Day during the period from the Restatement Effective Date until the Termination Date applicable to the Commitment of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name on Schedule II hereto or, if such Lender has entered into any Assignment and Assumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 2.04(a) or 2.04(b) or increased pursuant to Section 2.04(c) (such Lender’s “Commitment”). Each Borrowing shall be in an amount not less than $1,000,000 or an integral multiple of $100,000 in excess thereof and shall consist of Advances of the same Type and, in the case of Eurodollar Rate SOFR Advances, having the same Interest Period made or Converted on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11 2.09 and reborrow under this Section 2.01; provided, however, that at no time may the Outstanding Credits exceed the aggregate amount of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Entergy Mississippi, LLC)

The Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances in United States dollars to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time on any Business Day during the period from the Restatement Effective Date until the Termination Date applicable to the Commitment of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name on Schedule II hereto or, if such Lender has entered into any Assignment and Assumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 (such Lender’s “Commitment”). Each Borrowing shall be in an amount not less than $1,000,000 or an integral multiple of $100,000 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. Within the limits of each Lender’s Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at no time may the Outstanding Credits exceed the aggregate amount of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Entergy New Orleans, LLC)

The Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances in Dollars to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time on any Business Day during the period from the Restatement Effective Date until the Termination Date applicable to the Commitment of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name on Schedule II hereto or, if such Lender has entered into any Assignment and Assumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 2.05(a) or 2.05(b) or increased pursuant to Section 2.05(c) (such Lender’s “Commitment”). Each Borrowing shall be in an amount not less than $1,000,000 5,000,000 or an integral multiple of $100,000 1,000,000 in excess thereof and shall consist of Advances of the same Type and, in the case of Eurodollar Rate SOFR Advances, having the same Interest Period made or Converted on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each LenderXxxxxx’s Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at no time may the Outstanding Credits exceed the aggregate amount of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Entergy Mississippi, LLC)

The Commitments. Each Lender Pursuant to the Original Credit Agreement, the Lenders, severally agreesand not jointly, provided a commitment for revolving loans and letters of credit and on the date hereof, to the extent there are any outstanding revolving loans (the “Existing Revolving Loans”), such Existing Revolving Loans shall be deemed for all purposes Loans hereunder, made as of the Closing Date with an interest period of [__] months. On the terms and subject to the conditions hereinafter set forthcontained in this Agreement, each Lender severally, but not jointly, agrees to make Advances loans in Dollars (each a “Loan”) to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time on any Business Day during the period from the Restatement Effective Date date hereof until but excluding the Business Day preceding the Termination Date applicable to the Commitment of such Lender in an aggregate principal amount not to exceed at any time outstanding the amount set forth opposite for all such loans by such Lender not to exceed such Lender’s name on Schedule II hereto or, if such Lender has entered into any Assignment and Assumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 (such Lender’s “Commitment”). Each Borrowing shall be in an amount not less than $1,000,000 or an integral multiple of $100,000 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. Within the limits of each Lender’s Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at no time may shall any Lender be obligated to make a Loan in excess of such Lender’s Pro Rata Share of the Outstanding Credits exceed amount by which the then effective Commitments exceeds the aggregate amount Outstandings at such time. Within the limits set forth in the first sentence of the Commitmentsthis paragraph, amounts of Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: Credit Agreement (Francesca's Holdings CORP)

The Commitments. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower and to participate in the reimbursement obligations of the Borrower in respect of Letters of Credit from time to time on any Business Day during the period from the Restatement Effective Date until the Termination Date applicable to the Commitment of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name on Schedule II hereto or, if such Lender has entered into any Assignment and Assumption, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.05 2.04 (such Lender’s “Commitment”). Each Borrowing shall be in an amount not less than $1,000,000 or an integral multiple of $100,000 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. Within the limits of each Lender’s Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11 2.10 and reborrow under this Section 2.01; provided, however, that at no time may the Outstanding Credits aggregate principal amount of Advances outstanding exceed the aggregate amount of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Entergy Arkansas Inc)

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