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 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 Revolving Commitment; provided, that after giving effect to any Revolving Borrowing, (i) the Revolving Exposure of any Revolving Lender shall not exceed such Revolving Lender’s Revolving Commitment, (ii) the Revolving Class Exposure of any Revolving Lender in respect of any Class shall not exceed such Revolving Lender’s Revolving Commitment of such Class, (iii) the Revolving Class Exposure of all Revolving Lenders in respect of any Class of Revolving Commitments shall not exceed the aggregate outstanding Revolving Commitments of such Class, (iv) the aggregate Revolving Exposures shall not exceed the total Revolving Commitments and (v) the Total Revolving Outstandings shall not exceed the aggregate outstanding Revolving Commitments. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(c), prepay under Section 2.04, and reborrow under this Section 2.01(c). Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

Appears in 3 contracts

Samples: Credit Agreement (Vici Properties Inc.), Credit Agreement (MGM Growth Properties Operating Partnership LP), Credit Agreement (Vici Properties Inc.)

AutoNDA by SimpleDocs

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 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 Revolving Commitment; provided, that after giving effect to any Revolving Borrowing, (i) the Revolving Exposure of any Revolving Lender shall not exceed such Revolving Lender’s Revolving Commitment, (ii) the Revolving Class Exposure of any Revolving Lender in respect of any Class shall not exceed such Revolving Lender’s Revolving Commitment of such Class, (iii) the Revolving Class Exposure of all Revolving Lenders in respect of any Class of Revolving Commitments shall not exceed the aggregate outstanding Revolving Commitments of such Class, (iv) the aggregate Revolving Exposures shall not exceed the total Revolving Commitments and (v) the Total Revolving Outstandings shall not exceed the aggregate outstanding Revolving Commitments. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(c2.01(ca), prepay under Section 2.04, and reborrow under this Section 2.01(c2.01(ca). Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (MGM Growth Properties Operating Partnership LP)

The Revolving Borrowings. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (in Dollars, Euros or Sterling) to the Borrower (each such loan, a “Revolving Loan”) to the 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, however, that after giving effect to any Revolving Borrowing, (i) the Total Revolving Exposure of any Revolving Lender Outstandings shall not exceed such the Revolving Lender’s Revolving CommitmentCredit Facility, (ii) the aggregate Outstanding Amount of the Revolving Class Exposure Loans of any Lender, plus such Revolving Lender in respect Lender’s Applicable Percentage of any Class the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Lender’s Revolving Commitment of such Class, and (iii) the Revolving Class Exposure aggregate Outstanding Amount of all Revolving Lenders Loans and Swing Line Loans denominated in respect of any Class of Revolving Commitments Alternative Currencies shall not exceed $350,000,000 (the aggregate outstanding Revolving Commitments of such Class, (iv) the aggregate Revolving Exposures shall not exceed the total Revolving Commitments and (v) the Total Revolving Outstandings shall not exceed the aggregate outstanding Revolving Commitments“Non-U.S. Dollar Sublimit”). Within the limits of each Revolving Lender’s Revolving Commitment, and subject Subject to the other terms and conditions hereofset forth herein, the Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.04, and reborrow under this Section 2.01(c2.01(b). Revolving Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Colfax CORP)

The Revolving Borrowings. (i) Subject to the terms and express conditions set forth herein, (i) each Revolving Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrower from time to time denominated in Dollars, on any Business Day during the Availability Period, Dollars in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Lender’s U.S. Revolving CommitmentCommitment (each such loan by any Revolving Lender, a “U.S. Revolving Loan” and collectively, the “U.S. Revolving Loans”) from time to time, on any Business Day during the Revolving Availability Period; providedprovided that, that after giving effect to any Revolving Borrowing, (i) the Revolving Exposure making of any U.S. Revolving Lender Loans, in no event shall not the Total U.S. Revolving Outstandings exceed such Revolving Lender’s Revolving Commitment, (ii) the Revolving Class Exposure of any Revolving Lender in respect of any Class shall not exceed such Revolving Lender’s Revolving Commitment of such Class, (iii) the Revolving Class Exposure of all Revolving Lenders in respect of any Class of U.S. Revolving Commitments shall not exceed the aggregate outstanding Revolving Commitments of such Class, (iv) the aggregate Revolving Exposures shall not exceed the total Revolving Commitments and (v) the Total Revolving Outstandings shall not exceed the aggregate outstanding Revolving Commitmentsthen in effect. Within the limits of each Revolving Lender’s U.S. Revolving Commitment, and subject to the other terms and express conditions hereof, the Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b), in each case without premium or penalty. U.S. Revolving Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein; provided that all U.S. Revolving Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of U.S. Revolving Loans of the same Type. Each Lender’s U.S. Revolving Commitments shall expire on the Maturity Date for the U.S. Revolving Facility, and all U.S. Revolving Loans and all other amounts owed hereunder with respect to the U.S. Revolving Loans and the U.S. Revolving Commitments shall be paid in full no later than such date.

Appears in 1 contract

Samples: Security Agreement (W R Grace & Co)

AutoNDA by SimpleDocs

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 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 LenderXxxxxx’s Revolving Commitment; provided, that after giving effect to any Revolving Borrowing, (i) the Revolving Exposure of any Revolving Lender shall not exceed such Revolving Lender’s Revolving Commitment, (ii) the Revolving Class Exposure of any Revolving Lender in respect of any Class shall not exceed such Revolving Lender’s Revolving Commitment of such Class, (iii) the Revolving Class Exposure of all Revolving Lenders in respect of any Class of Revolving Commitments shall not exceed the aggregate outstanding Revolving Commitments of such Class, (iv) the aggregate Revolving Exposures shall not exceed the total Revolving Commitments and (v) the Total Revolving Outstandings shall not exceed the aggregate outstanding Revolving Commitments. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(c), prepay under Section 2.04, and reborrow under this Section 2.01(c). Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (MGM Growth Properties LLC)

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 applicable 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, however, that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, (ii) the Revolving Credit Exposure of any Revolving Lender shall not exceed such Revolving Lender’s Revolving Commitment, (ii) the Revolving Class Exposure of any Revolving Lender in respect of any Class shall not exceed such Revolving Lender’s Revolving Commitment of such Class, and (iii) the Revolving Class Exposure of all Revolving Lenders in respect of any Class of Revolving Commitments no Person shall not exceed the aggregate outstanding Revolving Commitments of have a Maximum Fronting Availability that is less than zero without such Class, (iv) the aggregate Revolving Exposures shall not exceed the total Revolving Commitments and (v) the Total Revolving Outstandings shall not exceed the aggregate outstanding Revolving CommitmentsPerson’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 Borrower Borrowers may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Loans may be Base Rate Loans, Term SOFR Loans or Eurodollar Rate Alternative Currency Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Celanese Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!