Common use of The Revolving Credit Advances Clause in Contracts

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 5 contracts

Samples: Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (Agilent Technologies Inc), Credit Agreement (Agilent Technologies Inc)

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The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 4 contracts

Samples: Credit Agreement (International Flavors & Fragrances Inc), 364 Day Credit Agreement (International Flavors & Fragrances Inc), 364 Day Credit Agreement (International Flavors & Fragrances Inc)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment Commitment, provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 4 contracts

Samples: 364 Day Credit Agreement (Applied Materials Inc /De), 364 Day Credit Agreement (Applied Materials Inc /De), Credit Agreement (Monsanto Co /New/)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's ’s Commitment minus the sum of such Lender’s Ratable Share of (i) all Letter of Credit Obligations then outstanding, and (ii) the principal amount of all Swing Line Advances then outstanding; provided that no Revolving Credit Advances shall be made if, after giving effect thereto and the -------- aggregate amount simultaneous application of the proceeds thereof, the Total Exposure of all Lenders would exceed the Commitments of the all Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and at such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction")time. Each Revolving Credit ------------------------- Borrowing comprised of Eurodollar Rate Advances shall be in an aggregate amount of $10,000,000 or 5,000,000 and each Revolving Credit Borrowing comprised of Base Rate Advances shall be in an aggregate amount of $1,000,000 or, in each case, an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective CommitmentsRatable Shares. Within the limits of each Lender's ’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 2.11 and reborrow under this Section 2.01.

Appears in 3 contracts

Samples: Credit Agreement (Ugi Utilities Inc), Credit Agreement (Ugi Utilities Inc), Credit Agreement (Ugi Utilities Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make advances (each a “Revolving Credit Advances Advance”) to the Borrower BRW from time to time on any Business Day during the period from the Effective Date date hereof until the Termination Date in an aggregate amount for each such Advance not to exceed at any time outstanding such Lender's ’s Unused Revolving Credit Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and at such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction")time. Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of (i) $10,000,000 or an integral multiple of $1,000,000 in excess thereof in respect of Eurodollar Rate Advances and (ii) $10,000,000 or an integral multiple of $1,000,000 in excess thereof in respect of Base Rate Advances (in each case, other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Swing Line Advances or outstanding Letter of Credit Advances) and shall consist of Revolving Credit Advances of the same Type made on the same day simultaneously by the Revolving Credit Lenders ratably according to their respective Revolving Credit Commitments. The Revolving Credit Advances made to BRW and to BCSI under Section 2.01(b) of the Existing Credit Agreement and outstanding on the Effective Date shall for all purposes be deemed to have been made hereunder and shall constitute use of the Revolving Credit Facility. Within the limits of each Revolving Credit Lender's Commitment’s Unused Revolving Credit Commitment in effect from time to time, the Borrower Borrowers may borrow under this Section 2.012.01(b), prepay pursuant to Section 2.10 2.06(a) and reborrow under this Section 2.012.01(b). BCSI may not borrow any new Revolving Credit Advances under this Section 2.01(b).

Appears in 2 contracts

Samples: Credit Agreement (Broadwing Inc), Credit Agreement (Broadwing Communications Inc)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 2.11 and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: Five Year Credit Agreement (May Department Stores Co), 364 Day Credit Agreement (May Department Stores Co)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower Borrowers from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower Borrowers may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (Lafarge North America Inc), 364 Day Credit Agreement (Lafarge North America Inc)

The Revolving Credit Advances. Each Lender severally ----------------------------- severally, but not jointly, agrees, on the terms and conditions hereinafter set forth, to make advances in Dollars (each, a “Revolving Credit Advances Advance”) to the Borrower from time to time on any Business Day during the period from the Effective Date date hereof until the Termination Date in an aggregate amount for each such Advance not to exceed at any time outstanding such Lender's ’s Unused Revolving Credit Commitment at such time, provided that that, without double counting, the -------- aggregate amount of the Revolving Credit Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Revolving Credit Commitments shall be allocated among the Lenders ratably according to their respective Revolving Credit Commitments (such deemed use of the aggregate amount of the Revolving Credit Commitments being a "Competitive Bid Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 250,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day simultaneously by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender's Commitment’s Unused Revolving Credit Commitment in effect from time to time and prior to the Termination Date, the Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.10 2.06(a) and reborrow under this Section 2.012.01(a).

Appears in 2 contracts

Samples: Credit Agreement (Easterly Government Properties, Inc.), Credit Agreement (Easterly Government Properties, Inc.)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: Credit Agreement (Rayonier Inc), 364 Day Credit Agreement (Rayonier Inc)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the any Borrower from time to time on any Business Day during the period from the Effective Date until the Revolver Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's Commitment name on the signature pages hereof or, if such Lender has entered into any Assignment and Acceptance or an Assumption Agreement, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 9.07(d), as such amount may be reduced pursuant to Section 2.05 (such Lender's "Commitment"), provided that the -------- aggregate amount of the Commitments of ---------- -------- the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). ------------------------- Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 25,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Notwithstanding any other provision of this Agreement, more than one Revolving Credit Borrowing may be made on the same day by either or both Borrowers. Within the limits of each Lender's Commitment, the Borrower Borrowers may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Sprint Corp), Credit Agreement (Sprint Corp)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the any Borrower from time to time on any Business Day during the period from the Effective Closing Date until the Termination Date in an up to the full amount of such Lender's Commitment hereunder; provided that (i) the aggregate amount of such Revolving Credit Advances made by such Lender at any time outstanding for all Borrowers plus such Lender's then outstanding LC Exposure shall not to exceed such Lender's Commitment, and (ii) the sum of the aggregate outstanding principal amount of the Revolving Credit Advances made by all Lenders plus the total LC Exposure shall not exceed at any time outstanding such Lender's Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction")Lenders. Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower The Borrowers may borrow under this Section 2.01 subject to limitation set forth in this Section 2.01, prepay pursuant to Section 2.10 2.11 and reborrow under this Section 2.01.

Appears in 2 contracts

Samples: Five Year Revolving Credit Agreement (Rayonier Inc), First Amendment and Restatement Agreement (Rayonier Inc)

The Revolving Credit Advances. Each Lender severally ------------- ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Agilent Technologies Inc)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the any Borrower from time to time on any Business Day during the period from the Effective Closing Date until the Termination Date in an up to the full amount of such Lender's Commitment hereunder; provided that (i) the aggregate amount of such Revolving Credit Advances made by such Lender at any time outstanding for all Borrowers plus such Lender's then outstanding LC Exposure shall not to exceed such Lender's Commitment and (ii) the sum of the aggregate outstanding principal amount of the Revolving Credit Advances made by all Lenders plus the total LC Exposure shall not exceed at any time outstanding such Lender's Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction")Lenders. Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower The Borrowers may borrow under this Section 2.01 subject to limitation set forth in this Section 2.01, prepay pursuant to Section 2.10 2.11 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rayonier Inc)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's ’s Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit ------------------------- Borrowing comprised of Eurodollar Rate Advances shall be in an aggregate amount of $10,000,000 or 5,000,000 and each Revolving Credit Borrowing comprised of Base Rate Advances shall be in an aggregate amount of $1,000,000 or, in each case, an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's ’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Ugi Utilities Inc)

The Revolving Credit Advances. Each Lender severally ----------------------------- severally, but not jointly, agrees, on the terms and conditions hereinafter set forth, to make Advances in Dollars (each, a “Revolving Credit Advances Advance”) to the Borrower from time to time on any Business Day during the period from the Effective Date date hereof until the Termination Date in an aggregate amount for each such Advance not to exceed such Lxxxxx’s Unused Revolving Credit Commitment at any time outstanding such Lender's Commitment time, provided that that, without double counting, the -------- aggregate amount of the Revolving Credit Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Revolving Credit Commitments shall be allocated among the Lenders ratably according to their respective Revolving Credit Commitments (such deemed use of the aggregate amount of the Revolving Credit Commitments being a "Competitive Bid Reduction"). Each Borrowing of Revolving Credit ------------------------- Borrowing Advances shall be in an aggregate amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 250,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day simultaneously by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender's Commitment’s Unused Revolving Credit Commitment in effect from time to time prior to the Termination Date, the Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.10 2.06(a) and reborrow under this Section 2.012.01(a).

Appears in 1 contract

Samples: Credit Agreement (Easterly Government Properties, Inc.)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 25,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 2.11 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (May Department Stores Co)

The Revolving Credit Advances. Each Lender ----------------------------- severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment Commitment, provided that the -------- aggregate amount of the Commitments of the -------- Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive ----------- Bid Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate ------------- amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Monsanto Co /New/)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on --------------------------------- the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's Commitment name on the signature pages hereof or, if such Lender has entered into an Assumption Agreement or any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to Section 8.07(d), as such amount may be reduced pursuant to Section 2.05 (such Lender's "Commitment"), provided that ---------- -------- the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"), and provided further that any ------------------------- -------- ------- Competitive Bid Advance made by a Lender shall not reduce such Lender's obligation to lend its pro rata share of the remaining undrawn Commitments. Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitmentthis Section 2.01, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Genuity Inc)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the each Borrower from time to time on any Business Day during the period from the Effective Closing Date until the Termination Date in an aggregate amount (based in respect of any Advances to be denominated in Euros by reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) not to exceed at any time outstanding such Lender's Unused Commitment provided that the -------- at such time. Each Borrowing shall be in a minimum amount of $10,000,000, in respect of Revolving Credit Advances denominated in Dollars, or (euro)10,000,000, in respect of Revolving Credit Advances denominated in Euros (or, if less, an aggregate amount of the Commitments of the Lenders shall be deemed used from time to time equal to the extent of amount by which the aggregate amount of the a proposed Competitive Bid Advances then outstanding and such deemed use of Borrowing requested by any Borrower exceeds the aggregate amount of the Commitments shall Competitive Bid Advances offered to be allocated among made by the Lenders ratably according to their respective Commitments (and accepted by such deemed use Borrower in respect of the aggregate amount of the Commitments being a "such Competitive Bid Reduction"). Each Borrowing, if such Competitive Bid Borrowing is made on the same date as such Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof Borrowing), and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments; provided that such minimum amount shall not apply with respect to any Revolving Credit Advances made in accordance with the provisions of Section 2.04(a)(ii) or Section 2.07(c). Within the limits of each Lender's Commitment, the each Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Revolving Credit Agreement (Procter & Gamble Co)

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The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the any Borrower from time to time on any Business Day during the period from the Effective Closing Date until the Termination Date in an up to the full amount of such Lender’s Commitment hereunder; provided that (i) the aggregate amount of such Revolving Credit Advances made by such Lender at any time outstanding for all Borrowers plus such Lender’s then outstanding LC Exposure shall not to exceed such Lender’s Commitment and (ii) the sum of the aggregate outstanding principal amount of the Revolving Credit Advances made by all Lenders plus the total LC Exposure shall not exceed at any time outstanding such Lender's Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction")Lenders. Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower The Borrowers may borrow under this Section 2.01 subject to limitation set forth in this Section 2.01, prepay pursuant to Section 2.10 2.11 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rayonier Inc)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower Borrowers from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's ’s Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's ’s Commitment, the Borrower Borrowers may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Lafarge North America Inc)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Xxxxxx’s Commitment minus the sum of such Xxxxxx’s Ratable Share of (i) all Letter of Credit Obligations then outstanding, and (ii) the principal amount of all Swing Line Advances then outstanding; provided that no Revolving Credit Advances shall be made if, after giving effect thereto and the -------- aggregate amount simultaneous application of the proceeds thereof, the Total Exposure of all Lenders would exceed the Commitments of the all Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and at such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction")time. Each Revolving Credit ------------------------- Borrowing comprised of Term SOFR Rate Advances shall be in an aggregate amount of $10,000,000 or 5,000,000 and each Revolving Credit Borrowing comprised of Base Rate Advances shall be in an aggregate amount of $1,000,000 or, in each case, an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective CommitmentsRatable Shares. Within the limits of each Lender's ’s Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 2.11 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Ugi Corp /Pa/)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment Commitment, provided that -------- the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"), provided, further, that no ---------------------------------------------- Revolving Credit Advances shall be made to Monsanto until the Monsanto Effective Date. Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower Borrowers may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Monsanto Co /New/)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment provided PROVIDED that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid ReductionCOMPETITIVE BID REDUCTION"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Eastman Chemical Co)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment provided that the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 12,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 2.11 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: 364 Day Credit Agreement (May Department Stores Co)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the each Borrower from time to time on any Business Day during the period from the Effective Closing Date until the Termination Date in an aggregate amount (based in respect of any Advances to be denominated in Euros by reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) not to exceed at any time outstanding such Lender's ’s Unused Commitment provided that the -------- at such time. Each Borrowing shall be in a minimum amount of $10,000,000, in respect of Revolving Credit Advances denominated in Dollars, or (euro)10,000,000, in respect of Revolving Credit Advances denominated in Euros (or, if less, an aggregate amount of the Commitments of the Lenders shall be deemed used from time to time equal to the extent of amount by which the aggregate amount of the a proposed Competitive Bid Advances then outstanding and such deemed use of Borrowing requested by any Borrower exceeds the aggregate amount of the Commitments shall Competitive Bid Advances offered to be allocated among made by the Lenders ratably according to their respective Commitments (and accepted by such deemed use Borrower in respect of the aggregate amount of the Commitments being a "such Competitive Bid Reduction"). Each Borrowing, if such Competitive Bid Borrowing is made on the same date as such Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof Borrowing), and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments; provided that such minimum amount shall not apply with respect to any Revolving Credit Advances made in accordance with the provisions of Section 2.04(a)(ii) or Section 2.07(c). Within the limits of each Lender's ’s Commitment, the each Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Revolving Credit Agreement (Procter & Gamble Co)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender's Commitment name on the signature pages hereof under the caption "Revolving Credit Commitment" or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Agent pursuant to Section 8.07(g), as such amount may and shall be reduced pursuant to Section 2.03 (such Lender's "Revolving Credit Commitment"), provided that the -------- aggregate amount of the Commitments of the Lenders no Revolving Credit Borrowing shall be deemed used from time to time to made if, following the extent making of such Revolving Credit Borrowing the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of would exceed the aggregate amount of the Revolving Credit Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction")Lenders. Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender's Revolving Credit Commitment, the Borrower may borrow under this Section 2.012.01(a), prepay pursuant to Section 2.10 and 2.09 and, unless the Borrower has delivered a request pursuant to the provisions of Section 2.16(b), reborrow under this Section 2.012.01(a).

Appears in 1 contract

Samples: Credit Agreement (Columbia Energy Group)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Commitment Commitment, provided that -------- the -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction"), provided, further, that no ------------------------- -------- ------- Revolving Credit Advances shall be made to Monsanto until the Monsanto Effective Date. Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment, the Borrower Borrowers may borrow under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Monsanto Co /New/)

The Revolving Credit Advances. (a) Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to the Borrower from time to time on any Business Day during the period from the Effective Date date hereof until the Termination Date in an aggregate amount not to exceed at any time outstanding the amount of such Lender's Commitment Commitment; provided that the aggregate -------- aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding outstanding, and such deemed use uses of the aggregate amount of the Commitments shall be allocated among applied to the Lenders ratably according to their respective Commitments (such deemed use uses of the aggregate amount of the Commitments with respect to Competitive Bid Advances being a "Competitive Bid Advance ----------------------- Reduction"). Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender's Commitment--------- 2.01 (a)), the Borrower may borrow under this from time to time borrow, repay pursuant to Section 2.01, 2.05 or prepay pursuant to Section 2.10 2.09 and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (New England Investment Companies L P)

The Revolving Credit Advances. Each Lender severally ----------------------------- agrees, on the terms and conditions hereinafter set forth, including the satisfaction of the conditions precedent set forth in Section 3.02, to make Revolving Credit Advances advances (each, a "REVOLVING CREDIT ADVANCE") to the Borrower from time to time on any Business Day during the period from the Effective Date date hereof until 90 days prior to the Termination Date in an aggregate amount for each such Advance not to exceed such Lender's Unused Commitment hereunder at such time and shall not exceed for all Lenders at any time outstanding such Lender's Commitment provided that the -------- aggregate amount lesser of the Commitments of Facility and the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding and Borrowing Base Amount at such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of the Commitments being a "Competitive Bid Reduction")time. Each Revolving Credit ------------------------- Borrowing shall be in an aggregate amount of $10,000,000 5,000,000 or an integral multiple of $1,000,000 250,000 in excess thereof (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Letter of Credit Advances) and shall consist of Revolving Credit Advances of the same Type made on the same day simultaneously by the Lenders ratably according in proportion to their respective CommitmentsPro Rata Shares. Within the limits of each Lender's Commitmentthe aggregate amount of all Unused Commitments in effect hereunder from time to time, and subject to the restrictions set forth elsewhere in this Agreement, the Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.10 2.05(a) and reborrow under this Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Boca Resorts Inc)

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