Common use of The Money Market Option Clause in Contracts

The Money Market Option. In addition to Committed Borrowings pursuant to Section 2.1, the Borrower may, as set forth in this Section, request that the Banks, during the Availability Period, make offers to make Money Market Loans to the Borrower. The Banks may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section. The Borrower may request that the Banks make Money Market Loans denominated in Dollars or in any Foreign Currency; provided, however, that at no time may the Borrower request that the Banks make Money Market Loans so as to cause the amount of the Revolving Exposure to exceed the amount of the total Commitments.

Appears in 4 contracts

Samples: Credit Agreement (Ingersoll-Rand PLC), Assignment and Assumption Agreement (Ingersoll-Rand PLC), Credit Agreement (Ingersoll-Rand PLC)

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The Money Market Option. In addition to Committed Borrowings pursuant to Section 2.1, the any Borrower may, as set forth in this Section, request that the Banks, during the Availability Period, make offers to make Money Market Loans to the such Borrower. The Banks may, but shall have no obligation to, make such offers and the applicable Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section. The Any Borrower may request that the Banks make Money Market Loans denominated in Dollars or in any Foreign Currency; provided, however, that at no time may the any Borrower request that the Banks make Money Market Loans so as to cause the amount of the Revolving Exposure to exceed the amount of the total Commitments.

Appears in 2 contracts

Samples: Credit Agreement (Ingersoll-Rand PLC), Credit Agreement (Ingersoll-Rand PLC)

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The Money Market Option. In addition to Committed Borrowings pursuant to Section 2.1, the each Borrower may, as set forth in this Section, request that the Banks, during the Availability Period, make offers to make Money Market Loans to the such Borrower. The Banks may, but shall have no obligation to, make such offers and the each Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section. The Each Borrower may request that the Banks make Money Market Loans denominated in Dollars or in any Foreign Currency; provided, however, that at no time may the a Borrower request that the Banks make Money Market Loans so as to cause the amount of the Revolving Exposure to exceed the amount of the total Commitments.

Appears in 1 contract

Samples: Credit Agreement (Ingersoll Rand Co LTD)

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