Common use of The Committed Loans Clause in Contracts

The Committed Loans. On or after the Effective Date each of the Banks 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 Bank’s Commitment, whichever is earlier, such that the Total Usage of such Bank shall at no time exceed such Bank’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 Banks shall be in an aggregate amount of not less than $10,000,000 and in multiples of $1,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Lockheed Martin Corp), Credit Agreement (Lockheed Martin Corp)

AutoNDA by SimpleDocs

The Committed Loans. On or after the Effective Date Date, each of the Banks Lenders severally agrees, upon the terms and conditions of this Agreement, to make Loans in Dollars 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 BankLender’s Commitment, whichever is earlier, such that the Total Usage of such Bank Lender shall at no time exceed such BankLender’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 2.01. Each borrowing from the Banks Lenders shall be in an aggregate amount of not less than $10,000,000 and in multiples of $1,000,000.

Appears in 2 contracts

Samples: Assignment and Assumption (Lockheed Martin Corp), Assignment and Assumption (Lockheed Martin Corp)

The Committed Loans. On or after the Effective Date each of the Banks 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 BankLender’s Commitment, whichever is earlier, such that the Total Usage of such Bank Lender shall at no time exceed such BankLender’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 2.01. Each borrowing from the Banks Lenders shall be in an aggregate amount of not less than $10,000,000 and in multiples of $1,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Lockheed Martin Corp), Credit Agreement (Lockheed Martin Corp)

AutoNDA by SimpleDocs

The Committed Loans. On or after the Effective Date Date, each of the Banks Lenders severally agrees, upon the terms and conditions of this Agreement, to make Loans in Dollars to the Company under this Section ‎Section 2.01 from time to time prior to the Commitment Termination Date or the termination in full of such BankLender’s Commitment, whichever is earlier, such that the Total Usage of such Bank Lender shall at no time exceed such BankLender’s Commitment in effect at such time. No more than twelve Tranches of Eurodollar Loans and Competitive Bid Loans (as set forth in Section ‎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 ‎Section 2.01. Each borrowing from the Banks Lenders shall be in an aggregate amount of not less than $10,000,000 and in multiples of $1,000,000.

Appears in 1 contract

Samples: Assignment and Assumption (Lockheed Martin Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.