The Committed Loans. On or after the Effective Date each of the Lenders severally agrees, upon the terms and conditions of this Agreement, to make Loans to the Company under this Section 2.01 from time to time prior to the Commitment Termination Date or the termination in full of such Lender’s Commitment, whichever is earlier, such that the Total Usage of such Lender shall at no time exceed such Lender’s Commitment in effect at such time. No more than twelve Tranches of Eurodollar Loans and Competitive Bid Loans (as set forth in Section 2.03(b) below) shall be outstanding at any time. Within such limits, the Company may borrow, repay and reborrow under this Section 2.01. Each borrowing from the Lenders shall be in an aggregate amount of not less than $10,000,000 and in multiples of $1,000,000.
The Committed Loans. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Lender’s Revolving Commitment (other than as described in Section 2.04 with respect to the Swing Line Lender). Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or LIBOR Rate Loans, as further provided herein. The Borrowers jointly and severally promise to pay to the Administrative Agent, for the account of the Revolving Lenders, all amounts due under the Committed Loans on the Maturity Date or such earlier date as is required hereunder.
The Committed Loans. The Company agrees to repay to the Agent for the account of the Lenders the outstanding principal amount of all Tranche A Loans on the Tranche A Termination Date. The Company agrees to repay to the Agent for the account of the Lenders the outstanding principal amount of all Tranche B Loans on the Tranche B Termination Date.
The Committed Loans. (a) Each Bank severally agrees, on the terms and subject to the conditions hereinafter set forth, to make revolving credit Loans (the "Committed Loans") to the Borrower from time to time on any Business Day during the period from the Closing Date until the earlier of (i) the Termination Date or (ii) the Replacement Date, in an aggregate principal amount outstanding, which does not exceed at any time such Bank's Commitment; provided that no Committed Loan shall be made as a Committed LIBOR Rate Loan after the day that is one month prior to the Termination Date; and provided, further, that in no event shall the aggregate amount of Committed Loans outstanding at any time exceed the aggregate amount of the Commitments at such time.
(b) Each Committed Borrowing by the Borrower shall be in an aggregate principal amount not less than $10,000,000 (in the case of Committed LIBOR Rate Loans) or $5,000,000 (in the case of ABR Loans), or an integral multiple of $1,000,000 in excess thereof and shall consist of Loans of the same Type made on the same day by the Banks ratably according to their respective Pro Rata Percentages. Within the limits of the applicable Commitments, the Borrower may borrow, prepay pursuant to Section 5.5 and reborrow under this Section 2.1. The principal amount outstanding on the Committed Loans shall (i) upon the Replacement Date, continue as a loan under the Regco $1.8 Billion Credit Agreement or (ii) upon the Termination Date, mature and, together with accrued and unpaid interest thereon, be due and payable on such date.
(c) So long as no Event of Default exists, upon the satisfaction or waiver of the conditions set forth in Section 6.01 of the Regco $1.8 Billion Credit Agreement, automatically and without any further consent or action required by any Bank, (i) Regco shall assume all obligations in respect of the Loans hereunder and all other monetary obligations in respect hereof, (ii) each Loan hereunder shall be continued as a Loan thereunder, (iii) each Bank hereunder shall be a Bank thereunder and (v) this Agreement shall be superseded and replaced by, and deemed amended and restated in the form of, the Regco $1.8 Billion Credit Agreement attached hereto as Exhibit L (with such changes thereto deemed incorporated as necessary to reflect the identity of Regco and to make such other technical changes necessary to effectuate the intent of this clause (c)), and the commitments hereunder shall terminate.
The Committed Loans. The Borrowers shall repay to the Banks in full on the Termination Date the aggregate principal amount of the Committed Loans outstanding on the Termination Date.
The Committed Loans. The Company shall repay to the Agent for the account of the Banks on the Revolving Termination Date the aggregate principal amount of Committed Loans outstanding on such date.
The Committed Loans. The outstanding principal amount of all Committed Loans shall be repaid on the Maturity Date.
The Committed Loans. Subject to and on the terms and conditions hereof, each Bank, by its acceptance hereof, severally agrees to make a loan or loans (individually a "Committed Loan" and collectively the "Committed Loans") to the Borrowers from time to time prior to the Termination Date on a revolving basis not at any time exceeding in the aggregate the amount of its commitment as set forth on the applicable signature page hereof or on an Assignment Agreement to which it is a party, all as reduced from time to time pursuant to Section 4.7 hereof (its "Commitment" and cumulatively for all the Banks the "Commitments"). The aggregate principal amount of all Loans outstanding at any one time shall not exceed the Commitments as then in effect. Each Borrowing of Committed Loans shall be made ratably from the Banks in proportion to the amounts of their Commitments. The relevant Borrower may elect that any Committed Borrowing be made available by means of (i) Domestic Rate Loans, (ii) Adjusted CD Rate Loans or (iii) Eurodollar Loans, which Loans may be repaid and the principal amount thereof reborrowed through the Termination Date, subject to all reductions in the Commitments permitted by Section 4.7 hereof and all other terms and conditions hereof. Each Borrower promises to pay interest on each Committed Loan made to it at the rates and times provided in Section 3 hereof.
The Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to Borrower from time to time in Dollars, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. 2.02
The Committed Loans. (a) Each Bank severally agrees, on the terms and subject to the conditions hereinafter set forth, to make revolving credit Loans (the "Committed Loans") to the Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date in an aggregate principal amount outstanding, which, when added to such Bank's Pro Rata Percentage of the then outstanding L/C Obligations, does not exceed at any time such Bank's Commitment; provided that no Committed Loan shall be made as a Committed LIBOR Rate Loan after the day that is one month prior to the Termination Date; and provided, further, that in no event shall the aggregate amount of Committed Loans, CAF Loans and L/C Obligations outstanding at any time exceed the aggregate amount of the Commitments at such time.
(b) Each Committed Borrowing by the Borrower shall be in an aggregate principal amount not less than $10,000,000 (in the case of Committed LIBOR Rate Loans) or $5,000,000 (in the case of ABR Loans), or an integral multiple of $1,000,000 in excess thereof and shall consist of Loans of the same Type made on the same day by the Banks ratably according to their respective Pro Rata Percentages. Within the limits of the applicable Commitments, the Borrower may borrow, prepay pursuant to Section 5.5 and reborrow under 29 24
1. The principal amount outstanding on the Committed Loans shall mature and, together with accrued and unpaid interest thereon, shall be due and payable on the Termination Date.
