Common use of The Committed Advances Clause in Contracts

The Committed Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Committed Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date of such Lender in an aggregate amount not to exceed at any time outstanding the amount set opposite such Lender's name on the signature pages hereof or, if such Lender has entered into any Assignment and Acceptance, 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 2.04 (such Lender's "Commitment"); provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Bid Advances and such deemed use of the aggregate amount of the Commitments shall be applied to the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments resulting from the Bid Advances being the "Bid Reduction"); provided further that (i) in no event shall the aggregate principal amount of Committed Advances from any Lender outstanding at any time exceed its Commitment then in effect and (ii) the Total Utilization of Commitments shall not exceed the aggregate Commitments then in effect.

Appears in 2 contracts

Samples: Credit Agreement (Viad Corp), Credit Agreement (Viad Corp)

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The Committed Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Committed Advances to the Borrower from time to time on any Business Day during the period from the Effective Closing Date until to but excluding the Termination Date of Date, as in effect for such Lender Lender, in an aggregate principal amount at any one time outstanding not to exceed at any time outstanding the amount set opposite such Lender's name on the signature pages Schedule II hereof or, if such Lender has entered into any Assignment and Acceptance, Acceptance set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be, as such amount may be reduced pursuant to Section 2.04 2.05 (such Lender's "Commitment"); , provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Bid Advances and such deemed use of the aggregate amount of the Commitments shall be applied to the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments resulting from the Bid Advances being the "Bid Reduction"); provided further that (i) in no event shall the aggregate principal amount of Committed Advances from any Lender outstanding at any time exceed its Commitment then in effect and (ii) the Total Utilization of Commitments shall not exceed the aggregate Commitments then in effect.the

Appears in 1 contract

Samples: Credit Agreement (Dial Corp /New/)

The Committed Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Committed Advances to the Borrower from time to time on any Business Day during the period from the Effective Closing Date until the Termination Date of such Lender in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's name on the signature pages hereof Schedule II of this Agreement or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c8.07(g), as such amount may be reduced pursuant to Section 2.04 2.05 (such Lender's "Commitment"); provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Bid Advances and such deemed use of the aggregate amount of the Commitments shall be applied to the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments resulting from the Bid Advances being the "Bid Reduction"); provided further that (i) in no event shall the aggregate principal amount of Committed Advances from any Lender outstanding at any time exceed its Commitment then in effect and (ii) the Total Utilization of Commitments shall not exceed the aggregate Commitments then in effect. On the Closing Date, the aggregate of all Commitments in effect hereunder is $200,000,000.

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

The Committed Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Committed Advances to the Borrower from time to time on any Business Day during the period from the Effective Closing Date until to but excluding the Termination Date of Date, as in effect for such Lender Lender, in an aggregate principal amount at any one time outstanding not to exceed at any time outstanding the amount set opposite such Lender's name on the signature pages Schedule II hereof or, if such Lender has entered into any Assignment and Acceptance, Acceptance set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be, as such amount may be reduced pursuant to Section 2.04 2.05 (such Lender's "Commitment"); , provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Bid Advances and such deemed use of the aggregate amount of the Commitments shall be applied to the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments resulting from the Bid Advances being the "Bid Reduction"); provided further that (i) in no event shall the aggregate principal amount of Committed Advances from any Lender outstanding at any time exceed its Commitment then in effect and (ii) the Total Utilization of Commitments shall not exceed the aggregate Commitments then in effect.

Appears in 1 contract

Samples: Credit Agreement (Dial Corp /New/)

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The Committed Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Committed Advances to the Borrower Borrowers from time to time on any Business Day during the period from the Effective Date until date hereof to, but excluding, the Termination Date of such Lender in an aggregate amount for the Borrowers, taken together, not to exceed at any time outstanding the amount set forth opposite such Lender's name on the signature pages hereof under the caption "Commitments" or, if such Lender has entered into any Assignment and Acceptance, Increased Commitment Acceptance or New Commitment Acceptance, set forth for as such Lender Lender's Commitment in the Register maintained by the Administrative Agent pursuant to Section 8.07(c9.08(j), or the equivalent thereof in one or more Major Currencies or Alternative Currencies, as such amount may be reduced pursuant to Section 2.04 2.06 (such Lender's "Commitment"); provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Bid Advances and the Letter of Credit Usage and such deemed use of the aggregate amount of the Commitments shall be applied to the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments resulting from the Bid Advances being the "Bid Reduction"); provided further that (i) in no event shall the aggregate principal amount of Committed Advances from any Lender outstanding at any time exceed its Commitment then in effect and (ii) the Total Utilization of Commitments shall not exceed the aggregate Commitments then in effect.

Appears in 1 contract

Samples: Credit Agreement (Bwip Inc)

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