Common use of The Revolving Borrowings Clause in Contracts

The Revolving Borrowings. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrowers 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 Revolving Commitment; provided that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Revolving Facility, and (ii) the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Revolving Lender’s Applicable Revolving Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Revolving Commitment. 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(a), prepay under Section 2.04, and reborrow under this Section 2.01(a). Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

Appears in 5 contracts

Samples: Credit Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International)

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The Revolving Borrowings. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrowers Borrower in Dollars or in one or more Alternative Currencies from time to time in Dollarstime, 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 provided, however, that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving FacilityCommitments, and (ii) the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Revolving Lender’s Applicable Revolving Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Revolving Commitment. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(a2.01(b), prepay under Section 2.04, and reborrow under this Section 2.01(a2.01(b). Revolving Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein.

Appears in 5 contracts

Samples: Credit Agreement (Equinix Inc), Credit Agreement (Equinix Inc), Credit Agreement (Equinix Inc)

The Revolving Borrowings. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrowers 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 LenderXxxxxx’s Revolving Commitment; provided that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Revolving Facility, and (ii) the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Revolving Lender’s Applicable Revolving Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Revolving Commitment. Within the limits of each Revolving LenderXxxxxx’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(a), prepay under Section 2.04, and reborrow under this Section 2.01(a). Revolving Loans may be Base Rate Loans, Daily Simple SOFR Loans or Eurodollar Rate Term SOFR Loans, as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (MGM Resorts International), Credit Agreement

The Revolving Borrowings. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrowers in Dollars or in one or more Alternative Currencies from time to time in Dollarstime, 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 provided, however, that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving FacilityCommitments, and (ii) the aggregate Outstanding Amount of the Revolving Loans Credit Exposure of any Lender, plus such Revolving Lender’s Applicable Revolving Percentage of the Outstanding Amount of all L/C Obligations Lender shall not exceed such Revolving Lender’s Revolving CommitmentCommitment and (iii) no Person shall have a Maximum Fronting Availability that is less than zero without such Person’s written consent pursuant to Section 2.03 or Section 2.04. 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(a2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(a2.01(b). Revolving Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein.

Appears in 2 contracts

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

The Revolving Borrowings. Subject On the terms herein and subject to the terms and conditions set forth hereinin Sections 4.01 or 4.02 hereof as applicable, each Revolving Lender severally agrees to make revolving credit loans denominated in Dollars to the Borrower from its applicable Lending Office (each such loan, a “Revolving Loan”) to the Borrowers from time to time in Dollarsas elected by the Borrower pursuant to Section 2.02, on any Business Day during the Availability Periodperiod from the Business Day immediately following the Closing Date until the Maturity Date with respect to such Revolving Lender’s Revolving Commitment, in an aggregate amount Principal Amount not to exceed at any time outstanding the amount of such Lender’s Revolving CommitmentCommitment at such time; provided that after giving effect to any Borrowing of Revolving BorrowingLoans, (i) the Total Revolving Outstandings shall not exceed the Revolving Facility, and (ii) sum of the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Revolving Lenderlender’s Applicable Revolving Percentage Pro Rata Share of the Outstanding Amount outstanding Letter of all L/C Credit Obligations shall not exceed such the aggregate Revolving Lender’s Revolving CommitmentCommitments. Within the limits of each Revolving Lender’s Revolving CommitmentCommitments, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(a2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(a2.01(b). Revolving Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Milan Laser Inc.), Credit and Guaranty Agreement (Milan Laser Inc.)

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The Revolving Borrowings. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make revolving loans (each such loan, a “Revolving Loan”) to the Borrowers Borrower from time to time in Dollarstime, 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 provided, that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Revolving Facility, and (ii) the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Revolving Lender’s Applicable Revolving Percentage of the Outstanding Amount of all L/C Obligations Obligations, shall not exceed such Revolving Lender’s Revolving Commitment. Amounts borrowed under this Section 2.01(b) prior to the Opening Date shall be deposited and held in the Revolving Loan Proceeds Account until applied in accordance with Section 6.07. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(a2.01(b), prepay under Section 2.04, and reborrow under this Section 2.01(a2.01(b). Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (MGM Resorts International)

The Revolving Borrowings. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrowers 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 Revolving Commitment; provided that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Revolving Facility, and (ii) the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Revolving Lender’s Applicable Revolving Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Revolving Lender’s Revolving Commitment. 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(a), prepay under Section 2.04, and reborrow under this Section 2.01(a). Revolving Loans may be Base Rate Loans, Daily Simple SOFR Loans or Eurodollar Rate Term SOFR Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (MGM Resorts International)

The Revolving Borrowings. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Revolving Loan”) in Dollars to the Borrowers Borrower from time to time in Dollarstime, on any Business Day during the Availability Period, Period in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided provided, however, that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings of any Class shall not exceed the Aggregate Revolving Facility, Commitments of such Class and (ii) the aggregate Outstanding Amount of the Revolving Loans Exposure of any Lender, plus such Revolving Lender’s Applicable Revolving Percentage of the Outstanding Amount of all L/C Obligations Lender shall not exceed such Revolving Lender’s Revolving Commitment. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(a2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(a2.01(b). Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. All Revolving Borrowings of Revolving Loans under this Agreement shall be incurred from the Lenders pro rata on the basis of their Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Health Management Associates Inc)

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