Common use of THE COMMITTED RATE LOANS; THE BID LOANS; AMOUNT AND TERMS Clause in Contracts

THE COMMITTED RATE LOANS; THE BID LOANS; AMOUNT AND TERMS. 2.1 The Committed Rate Loans. (a) During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make loans (individually, a "Committed Rate Loan") to the Company from time to time in an aggregate principal amount at any one time outstanding not to exceed (after giving effect to the simultaneous use of the proceeds thereof to repay Loans) such Lender's Commitment, provided that no Committed Rate Loan shall be made hereunder which would result in the Aggregate Loans (after giving effect to the simultaneous use of the proceeds thereof to repay Loans) being in excess of the Aggregate Commitments then in effect. The Company may use the Commitments to borrow, repay and reborrow Committed Rate Loans from time to time during the Commitment Period, all in accordance with the terms and conditions hereof.

Appears in 6 contracts

Samples: Credit Agreement (American Home Products Corp), Credit Agreement (American Home Products Corp), Credit Agreement (Wyeth)

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