Common use of The Revolving Credit Advances Clause in Contracts

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof until the Maturity Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 or an integral multiple of $100,000 in excess thereof and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facility, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a).

Appears in 5 contracts

Samples: Credit Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust)

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The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, Bank severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, a “Revolving Credit Advance”) Advances in any Agreed Currency to the Borrower Borrowers from time to time on any Business Day during the period from the date hereof Closing Date until the Maturity Date in respect of the Revolving Credit Facility Termination Date in an amount for each such Advance a Dollar Amount not to exceed such Revolving Credit LenderBank’s Unused Revolving Credit Available Commitment at such time; provided, however, that at no time and in no event to shall the Dollar Amount of (i) the outstanding Advances exceed in the aggregate at Total Commitment or (ii) any one time outstanding such LenderBank’s Revolving Credit Obligations exceed such Bank’s Commitment. Each Revolving Credit Borrowing shall be in an aggregate amount of Dollar Amount not less than $500,000 10,000,000 or an integral multiple of $100,000 1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type and the same Agreed Currency made simultaneously on the same day to the Borrowers by the Revolving Credit Lenders Banks ratably according to their Revolving Credit respective Available Commitments. Within the limits of each Revolving Credit LenderBank’s Unused Revolving Credit Commitment in effect to the Borrowers, the Borrowers may from time to time and prior borrow, repay pursuant to the Maturity Date in respect of the Revolving Credit Facility, the Borrower may borrow under this Section 2.01(a), 2.06 or prepay pursuant to Section 2.06(a) 2.09, and reborrow under this Section 2.01(a)2.01.

Appears in 3 contracts

Samples: Credit Agreement (Caterpillar Financial Services Corp), Credit Agreement (Caterpillar Inc), Credit Agreement (Caterpillar Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date in respect of the Revolving Credit Facility (i) in an amount for each such Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and (ii) in no event to exceed in the an aggregate amount for all revolving Credit Advances outstanding at any one time outstanding such Lender’s not to exceed an amount equal to (A) the aggregate Revolving Credit CommitmentCommitments of all Revolving Credit Lenders, minus (B) the aggregate Swing Line Advances, minus (C) the aggregate Available Amount of all outstanding Letters of Credit, in each case at such time. Each Revolving Credit Borrowing shall be in an aggregate amount of $500,000 5,000,000 or an integral multiple of $100,000 1,000,000 in excess thereof (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 made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a).

Appears in 2 contracts

Samples: Credit Agreement (Steel Dynamics Inc), Credit Agreement (Steel Dynamics Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a "Revolving Credit Advance") to the Borrower from time to time on any Business Day during the period from the date hereof until the Maturity Tranche A Termination Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s 's Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time; provided, however, that Revolving Credit CommitmentAdvances on the date hereof shall not exceed an aggregate principal amount equal to $70,000,000. Each Revolving Credit Borrowing shall be in an aggregate amount of $500,000 1,000,000 or an integral multiple of $100,000 250,000 in excess thereof (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Swing Line Advances or outstanding Letter of Credit Advances) and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(c).

Appears in 2 contracts

Samples: Credit Agreement (Quality Stores Inc), Credit Agreement (Quality Stores Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 2,000,000 or an integral multiple of $100,000 1,000,000 in excess thereof (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 or a Borrowing which corresponds to an amortization payment) and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(b).

Appears in 2 contracts

Samples: Credit Agreement (Kansas City Southern), Credit Agreement (Kansas City Southern)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 1,000,000 or an integral multiple of $100,000 500,000 in excess thereof (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 made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(b).

Appears in 2 contracts

Samples: Credit Agreement (Grubb & Ellis Co), Credit Agreement (Grubb & Ellis Co)

The Revolving Credit Advances. (i) Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a "Revolving Credit Advance") in U.S. dollars to the Borrower from time to time on any Business Day during the period from the date hereof Closing Date until the Maturity Date Termination Date, in respect of the Revolving Credit Facility each case in an amount for each such Advance not to exceed such Revolving Credit Lender’s the Unused Revolving Credit Commitment of such Revolving Credit Lender at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 5,000,000 or an integral multiple of $100,000 1,000,000 in excess thereof and (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Swing Line Advances or the outstanding Letter of Credit Advances) or, if less, the amount of the aggregate Unused Revolving Credit Commitments at such time. Each Revolving Credit Borrowing shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to in accordance with their respective Pro Rata Shares of the Revolving Credit CommitmentsFacility. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Tri City Dialysis Center Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, -------------------------------- severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated (each a "REVOLVING CREDIT ADVANCE") in U.S. Dollars (each, a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof until the Maturity Date Termination Date, in respect of the Revolving Credit Facility each case in an amount for each such Advance not to exceed such Revolving Credit Lender’s the Unused Revolving Credit Commitment of such Revolving Credit Lender at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 10,000,000 or an integral multiple of $100,000 1,000,000 in excess thereof and (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Swing Line Advances or outstanding L/C Borrowings) or, if less, the amount of the Aggregate Unused Revolving Credit Commitments at such time. Each Revolving Credit Borrowing shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to in accordance with their respective Pro Rata Shares of the Revolving Credit CommitmentsFacility. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Levi Strauss & Co)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 5,000,000 or an integral multiple of $100,000 1,000,000 in excess thereof (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 made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Ntelos Holdings Corp)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”) to the any Borrower from time to time on any Business Day during the period from the date hereof until the Maturity Termination Date in an amount (based in respect of the any Revolving Credit Facility Advances to be denominated in an amount a Committed Currency on the Equivalent in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) for each such Revolving Credit Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 2,500,000 or an integral multiple of $100,000 250,000 in excess thereof (or the Equivalent thereof in any Committed Currency determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower Borrowers may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a2.07(a) and reborrow under this Section 2.01(a).

Appears in 1 contract

Samples: Security Agreement (International Rectifier Corp /De/)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from following the date hereof Closing Date until the Maturity Business Day immediately preceding the Termination Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 5,000,000 or an integral multiple of $100,000 1,000,000 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 made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Lumos Networks Corp.)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date in respect of for the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 1,000,000 or an integral multiple of $100,000 in excess thereof in the case of Base Rate Advances and in an aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof in the case of Eurodollar Rate Advances (other than, in the case of Base Rate Advances, a Revolving Credit 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, in which case such Base Rate Advances may be in an aggregate amount necessary to repay or prepay in full such Swing Line Advances or Letter of Credit Advances) and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Alliance Resource Partners Lp)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a "Revolving Credit Advance") to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s 's Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 5,000,000 or an integral multiple of $100,000 1,000,000 in excess thereof (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 or a Borrowing which corresponds to an amortization payment) and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Kansas City Southern)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof until the Maturity Termination Date in respect of the Revolving Credit Facility (i) in an amount for each such Revolving Credit Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time, and (ii) for all such Revolving Credit Advances denominated in a Committed Foreign Currency, in an aggregate amount at any time and in no event outstanding not to exceed the Equivalent of $100,000,000 in the aggregate at any one time outstanding such Lender’s Revolving Credit CommitmentCommitted Foreign Currencies. Each Borrowing shall be in an aggregate amount of $500,000 not less than the Revolving Credit Borrowing Minimum or an integral multiple of $100,000 a Revolving Credit Borrowing Multiple in excess thereof and shall consist of Revolving Credit Advances of the same Type and in the same currency made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit FacilityTermination Date, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a).

Appears in 1 contract

Samples: Credit Agreement (Digital Realty Trust, Inc.)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the date hereof Original Effective Date until the Maturity Termination Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 2,000,000 or an integral multiple of $100,000 1,000,000 in excess thereof (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 or a Borrowing which corresponds to an amortization payment) and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Kansas City Southern)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”"REVOLVING CREDIT ADVANCE") to the any Borrower from time to time on any Business Day during the period from the date hereof until the Maturity Termination Date in an amount (based in respect of the any Revolving Credit Facility Advances to be denominated in an amount a Committed Currency on the Equivalent in Dollars determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) for each such Revolving Credit Advance not to exceed such Revolving Credit Lender’s 's Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 2,500,000 or an integral multiple of $100,000 250,000 in excess thereof (or the Equivalent thereof in any Committed Currency determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower Borrowers may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a2.07(a) and reborrow under this Section 2.01(a).

Appears in 1 contract

Samples: Credit Agreement (International Rectifier Corp /De/)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”"REVOLVING CREDIT ADVANCE") to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s 's Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 1,000,000 or an integral multiple of $100,000 500,000 in excess thereof (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 made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Grubb & Ellis Co)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”"REVOLVING CREDIT ADVANCE") to the U.S. Borrower from time to time on any Business Day during the period from the date hereof until the Maturity Termination Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s 's Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 2,000,000 or an integral multiple of $100,000 500,000 in excess thereof (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 made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the U.S. Borrower may borrow under this Section 2.01(a2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Accuride Corp)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”"REVOLVING CREDIT ADVANCE") to the U.S. Borrower from time to time on any Business Day during the period from the date hereof of the Original Credit Agreement until the Maturity Termination Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s 's Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 2,000,000 or an integral multiple of $100,000 500,000 in excess thereof (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 made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the U.S. Borrower may borrow under this Section 2.01(a2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Accuride Corp)

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The Revolving Credit Advances. Each Revolving Credit Subject to Section 2.01(e), each Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, a "Revolving Credit Advance") in U.S. dollars to the any Borrower from time to time on any Business Day during on or after the period from the date hereof Closing Date until the Maturity Date Termination Date, in respect of the Revolving Credit Facility each case in an amount for each such Advance not to exceed such Revolving Credit Lender’s the Unused Revolving Credit Commitment of such Lender at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 5,000,000 or an integral multiple of $100,000 1,000,000 in excess thereof and (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Swing Line Advances or the outstanding Letter of Credit Advances) or, if less, the amount of the aggregate Unused Revolving Credit Commitments at such time. Each Revolving Credit Borrowing shall consist of Revolving Credit Advances made simultaneously by the Lenders in accordance with their respective Pro Rata Shares of the Revolving Credit Lenders ratably according to their Revolving Credit CommitmentsFacility. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the any Borrower may borrow under this Section 2.01(a2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Alpharma Inc)

The Revolving Credit Advances. (i) Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated Revolving Credit Advances in U.S. Dollars (each, a “Revolving Credit Advance”) dollars to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date in respect of for the Revolving Credit Facility Facility, in each case in an amount for each such Advance not to exceed such Revolving Credit Lender’s the Unused Revolving Credit Commitment of such Revolving Credit Lender at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 5,000,000 or an integral multiple of $100,000 500,000 in excess thereof and (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Swing Line Advances or the outstanding Letter of Credit Advances) or, if less, the amount of the aggregate Unused Revolving Credit Commitments at such time. Each Revolving Credit Borrowing shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders ratably according to in accordance with their respective Pro Rata Shares of the Revolving Credit CommitmentsFacility. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Caremark Rx Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, a “Revolving Credit Advance”) Advances to the any Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date denominated in Dollars or Euro in an aggregate amount (based in respect of the any Revolving Credit Facility Advances to be denominated in an amount for each such Advance Euro 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 such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such LenderXxxxxx’s Revolving Credit Unused Commitment. Each Revolving Credit Borrowing shall be in an aggregate amount of $500,000 not less than the Revolving Credit Borrowing Minimum or an integral multiple of $100,000 a Revolving Credit Borrowing Multiple in excess thereof (provided that a Base Rate Advance may be in an aggregate amount equal to the amount necessary to finance the reimbursement of an LC Disbursement as contemplated by Section 2.17(f)) and shall consist shall, subject to Section 2.07, be comprised entirely of Revolving Credit Base Rate Advances, Term SOFR Advances or Eurocurrency Rate Advances, as the Borrower may request in accordance herewith made simultaneously on the same day by the Revolving Credit Lenders ratably according to their Revolving Credit respective Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit FacilityCommitment, the Borrower Borrowers may borrow under this Section 2.01(a)2.01, prepay pursuant to Section 2.06(a) 2.09 and reborrow under this Section 2.01(a)2.01.

Appears in 1 contract

Samples: Five Year Credit Agreement (PPG Industries Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from following the date hereof Closing Date until the Maturity Termination Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s time. Each Revolving Credit Commitment. Each Borrowing shall be in an aggregate amount of $500,000 5,000,000 or an integral multiple of $100,000 1,000,000 in excess thereof (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 made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Ntelos Holdings Corp)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, a “Revolving Credit Advance”) Advances in Dollars and/or Euro to the Borrower or Borrowing Subsidiary from time to time on any Business Day during the period from the date hereof until the Maturity Termination Date applicable to such Lender in an aggregate amount (based in respect of the any Revolving Credit Facility Advances to be denominated in an amount for each such Advance Euro by reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Borrowing) not to exceed such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such LenderLexxxx’s Revolving Credit Commitment. Each Revolving Credit Borrowing shall be in an aggregate amount of $500,000 not less than the Borrowing Minimum or an integral multiple of $100,000 the Borrowing Multiple in excess thereof (unless the aggregate amount of the unused Revolving Credit Commitments is less than the Borrowing Minimum, in which case such Revolving Credit Borrowing shall be equal to the aggregate amount of the unused Revolving Credit Commitments) and shall consist of Revolving Credit Advances of the same Type and in the same currency and having the same Interest Period made simultaneously on the same day by the Revolving Credit Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lexxxx’s Revolving Credit Lender’s Unused Revolving Credit Commitment in effect Commitment, the Borrower may from time to time and prior to the Maturity Date in respect of the Revolving Credit Facility, the Borrower may borrow under this Section 2.01(a)borrow, prepay pursuant to Section 2.06(a) 2.09 and reborrow under this Section 2.01(a)2.01. SECTION 2.02.

Appears in 1 contract

Samples: Five Year Credit Agreement (Colgate Palmolive Co)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”"REVOLVING CREDIT ADVANCE") to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date in respect of the Revolving Credit Facility (i) in an amount for each such Advance not to exceed such Revolving Credit Lender’s 's Unused Revolving Credit Commitment at such time and (ii) in no event to exceed in the an aggregate amount for all revolving Credit Advances outstanding at any one time outstanding such Lender’s not to exceed an amount equal to (A) the aggregate Revolving Credit CommitmentCommitments of all Revolving Credit Lenders, minus (B) the aggregate Swing Line Advances, minus (C) the aggregate Available Amount of all outstanding Letters of Credit, in each case at such time. Each Revolving Credit Borrowing shall be in an aggregate amount of $500,000 5,000,000 or an integral multiple of $100,000 1,000,000 in excess thereof (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 made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Steel Dynamics Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, a “Revolving Credit Advance”) Advances to the any Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date denominated in Dollars or Euro in an aggregate amount (based in respect of the any Revolving Credit Facility Advances to be denominated in an amount for each such Advance Euro 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 such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s Revolving Credit Unused Commitment. Each Revolving Credit Borrowing shall be in an aggregate amount of $500,000 not less than the Revolving Credit Borrowing Minimum or an integral multiple of $100,000 a Revolving Credit Borrowing Multiple in excess thereof (provided that a Base Rate Advance may be in an aggregate amount equal to the amount necessary to finance the reimbursement of an LC Disbursement as contemplated by Section 2.17(f)) and shall consist of Revolving Credit Advances of the same Type and in the same currency made simultaneously on the same day by the Revolving Credit Lenders ratably according to their Revolving Credit respective Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit FacilityCommitment, the Borrower Borrowers may borrow under this Section 2.01(a)2.01, prepay pursuant to Section 2.06(a) 2.09 and reborrow under this Section 2.01(a)2.01.

Appears in 1 contract

Samples: Credit Agreement (PPG Industries Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”"REVOLVING CREDIT ADVANCE") to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date in respect of the Revolving Credit Facility in an amount for each such Advance not to exceed such Revolving Credit Lender’s 's Unused Revolving Credit Commitment at such time and in no event to exceed in time; provided, however, that the aggregate at any one time outstanding such Lender’s amount of Revolving Credit CommitmentAdvances made on the Effective Date shall not exceed $50,000,000. Each Revolving Credit Borrowing shall be in an aggregate amount of $500,000 2,500,000 or an integral multiple of $100,000 500,000 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 made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Amkor Technology Inc)

The Revolving Credit Advances. (a) Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, a “Revolving Credit Advance”) Advances to the Borrower Borrowers from time to time on any Business Day during the period from the date hereof Effective Date until the Maturity Termination Date denominated in Dollars or Euro in an aggregate amount (based in respect of the any Revolving Credit Facility Advances to be denominated in an amount for each such Advance Euro 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 such Revolving Credit Lender’s Unused Revolving Credit Commitment at such time and in no event to exceed in the aggregate at any one time outstanding such Lender’s Revolving Credit Unused Commitment. Each Revolving Credit Borrowing shall be in an aggregate amount of $500,000 not less than the Revolving Credit Borrowing Minimum or an integral multiple of $100,000 a Revolving Credit Borrowing Multiple in excess thereof (provided that a Base Rate Advance may be in an aggregate amount equal to the amount necessary to finance the reimbursement of an LC Disbursement as contemplated by Section 2.18(f)) and shall consist of Revolving Credit Advances of the same Type and in the same currency made simultaneously on the same day by the Revolving Credit Lenders ratably according to their Revolving Credit respective Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit FacilityCommitment, the Borrower Borrowers may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a) 2.10 and reborrow under this Section 2.01(a).

Appears in 1 contract

Samples: Credit Agreement (PPG Industries Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”"REVOLVING CREDIT ADVANCE") to the Borrower from time to time on any Business Day during the period from the date hereof until the Maturity Date in respect of the Revolving Credit Facility Termination Date in an amount for each such Advance not to exceed such Revolving Credit Lender’s 's Unused Revolving Credit Commitment at such time and in time; PROVIDED, HOWEVER, that no event Revolving Credit Lender shall have any obligation to make a Revolving Credit Advance under this Section 2.1(a) to the extent such Revolving Credit Advance would cause the aggregate amount of Revolving Credit Advances outstanding (after giving effect to any immediate application of the proceeds thereof) to exceed in the aggregate at any one time outstanding such Lender’s Revolving Credit CommitmentAvailability. Each Revolving Credit Borrowing shall be in an aggregate amount of $500,000 or (unless the Swing Line Bank has exercised discretion not to make loans pursuant to the Swing Line Facility, in which case, such minimum aggregate amount shall be $200,000) or, if in excess thereof, an integral multiple of $100,000 (other than, in excess thereof each case, 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 made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facility, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(a).of

Appears in 1 contract

Samples: Credit Agreement (Mosler Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally, but not jointly, severally agrees, on the terms and conditions hereinafter set forth, to make advances denominated in U.S. Dollars (each, each a “Revolving Credit Advance”"REVOLVING CREDIT ADVANCE") to the Borrower from time to time on any Business Day during the period from the date hereof until the Maturity Date in respect of the Revolving Credit Facility Termination Date in an amount for each such Advance not to exceed such Revolving Credit Lender’s 's Unused Revolving Credit Commitment at such time and in time; PROVIDED, HOWEVER, that no event to exceed in the aggregate at any one time outstanding such Lender’s Revolving Credit CommitmentLender shall have any obligation to make a Revolving Credit Advance under this Section 2.1(b) to the extent such Revolving Credit Advance would (after giving effect to any immediate application of the proceeds thereof) exceed the Unused Revolving Credit Availability at such time. Each Revolving Credit Borrowing shall be in an aggregate amount of $500,000 500,000.00 or an integral multiple of $100,000 100,000.00 (other than, in excess thereof each case, 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 made simultaneously by the Revolving Credit Lenders ratably according to their Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time and prior to the Maturity Date in respect of the Revolving Credit Facilitytime, the Borrower may borrow under this Section 2.01(a)borrow, prepay pursuant to Section 2.06(a) repay and reborrow under this Section 2.01(a)Revolving Credit Advances.

Appears in 1 contract

Samples: Credit Agreement (Cantel Medical Corp)

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