Common use of The Revolving Credit Advances Clause in Contracts

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 Advance”) in U.S. dollars to the Borrower from time to time until the Termination Date, in each case in an amount not to exceed the Unused Revolving Credit Commitment of such Revolving Credit Lender at such time. Each Revolving Credit Borrowing shall be in an aggregate amount of $5,000,000 or an integral multiple of $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 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 in accordance with their respective Pro Rata Shares of the Revolving Credit Facility. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time, the Borrower may borrow under this Section 2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c).

Appears in 2 contracts

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

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The Revolving Credit Advances. Each Revolving Credit Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (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 until the Termination Date, in each case Date in an amount for each such Revolving Credit Advance not to exceed the such Lender’s Unused Revolving Credit Commitment of such Revolving Credit Lender at such time. Each ; provided, however, that after giving effect to any Borrowing of Revolving Credit Borrowing shall be in an Advances, the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof (other than a Borrowing the proceeds of which Revolving Credit Advances outstanding 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 not exceed the aggregate Unused Revolving Credit Commitments at such timeCommitments. Each Revolving Credit Borrowing shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders in accordance with ratably according to their respective Pro Rata Shares of the Revolving Credit FacilityCommitments. Within the limits of each Revolving Credit such Lender’s Unused Revolving Credit Commitment in effect from time to timetime and prior to the Termination Date, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(c2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c2.01(a). Revolving Credit Advances may be Base Rate Advances, Eurodollar Rate Advances or LIBOR Floating Rate Advances, as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, 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 Advance”) in U.S. dollars to the Borrower BRW from time to time on any Business Day during the period from the date hereof until the Termination Date, in each case Date in an amount for each such Advance not to exceed the such Lender’s Unused Revolving Credit Commitment of such Revolving Credit Lender at such time. Each Revolving Credit Borrowing shall be in an aggregate amount of (i) $5,000,000 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 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 and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders in accordance with ratably according to their respective Pro Rata Shares 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 Unused Revolving Credit Commitment in effect from time to time, the Borrower Borrowers may borrow under this Section 2.01(c2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c2.01(b). BCSI may not borrow any new Revolving Credit Advances under this Section 2.01(b).

Appears in 2 contracts

Samples: Credit Agreement (Broadwing Communications Inc), Credit Agreement (Broadwing 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 Advance") in U.S. dollars to the Borrower from time to time until the Termination Date, in each case in an amount not to exceed the Unused Revolving Credit Commitment of such Revolving Credit Lender at such time. Each Revolving Credit Borrowing shall be in an aggregate amount of $5,000,000 or an integral multiple of $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 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 in accordance with their respective Pro Rata Shares of the Revolving Credit Facility. Within the limits of each Revolving Credit Lender’s 's Unused Revolving Credit Commitment in effect from time to time, the Borrower may borrow under this Section 2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c).

Appears in 2 contracts

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

The Revolving Credit Advances. Each Revolving Credit Lender severally severally, but not jointly, agrees, on the terms and conditions hereinafter set forth, to make advances Advances in 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 until the Termination Date, in each case RC Maturity Date in an amount for each such Advance not to exceed the such Revolving Credit Lender’s Unused Revolving Credit Commitment of such Revolving Credit Lender at such time, provided that, without double counting, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit 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 Revolving Credit 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 $5,000,000 1,000,000 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 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 and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders in accordance with ratably according to their respective Pro Rata Shares of the Revolving Credit FacilityCommitments. Within the limits of each Revolving Credit LenderXxxxxx’s Unused Revolving Credit Commitment in effect from time to timetime prior to the RC Maturity Date, the Borrower may borrow under this Section 2.01(c2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c2.01(a).

Appears in 2 contracts

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

The Revolving Credit Advances. Each Revolving Credit Lender severally severally, but not jointly, agrees, on the terms and conditions hereinafter set forth, to make advances Advances in 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 until the Termination Date, in each case RC Maturity Date in an amount for each such Advance not to exceed the such Revolving Credit Lender’s Unused Revolving Credit Commitment of such Revolving Credit Lender at such time, provided that, without double counting, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit 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 Revolving Credit 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 $5,000,000 1,000,000 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 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 and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders in accordance with ratably according to their respective Pro Rata Shares of the Revolving Credit FacilityCommitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to timetime prior to the RC Maturity Date, the Borrower may borrow under this Section 2.01(c2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c2.01(a).

Appears in 1 contract

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

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The Revolving Credit Advances. Pursuant to the Global Assignment and Acceptance, the Revolving Credit Commitments under (and as defined in) the Existing Credit Agreement of the Existing Lenders party thereto were assumed by CUSA. On the Effective Date, each Revolving Credit Lender hereunder agrees to assume from CUSA its Pro Rata Share of the Revolving Credit Facility (after giving effect to the reduction in the Revolving Credit Facility made on the Effective Date). Each Revolving Credit Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (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 Effective Date until the Revolving Credit Termination Date, in each case Date in an amount for each such Advance not to exceed such Lender's Pro Rata Share of the Unused Revolving Credit Commitment of such Revolving Credit Lender Availability at such time. Each Revolving Credit Borrowing shall be in an aggregate amount of $5,000,000 1,000,000 or an integral multiple of $1,000,000 500,000 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 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 and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders in accordance with ratably according to their respective Pro Rata Shares of the Revolving Credit FacilityCommitments. Within the limits of each Revolving Credit Lender’s Unused 's Revolving Credit Commitment in effect from time to timetime and subject to the terms and conditions hereinafter set forth, the Borrower may borrow under this Section 2.01(c2.1(b), prepay pursuant to Section 2.06(a2.6(a) and reborrow under this Section 2.01(c2.1(b).

Appears in 1 contract

Samples: Credit Agreement (Amkor Technology 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 Advance”) in U.S. dollars to the Borrower CBI from time to time on any Business Day during the period from the date hereof until the Termination Date, in each case Date in an amount for each such Advance not to exceed the such Lender’s Unused Revolving Credit Commitment of such Revolving Credit Lender at such time. Each Revolving Credit Borrowing shall be in an aggregate amount of (i) $5,000,000 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 42 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 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 and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders in accordance with ratably according to their respective Pro Rata Shares Revolving Credit Commitments. The Revolving Credit Advances made to CBI 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 Unused Revolving Credit Commitment in effect from time to time, the Borrower Borrowers may borrow under this Section 2.01(c2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c2.01(b). BCSI may not borrow any new Revolving Credit Advances under this Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Bell Inc)

The Revolving Credit Advances. Each Revolving Credit Lender severally severally, but not jointly, agrees, on the terms and conditions hereinafter set forth, to make advances in 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 until the Termination Date, in each case RC Maturity Date in an amount for each such Advance not to exceed the such Revolving Credit Lender’s Unused Revolving Credit Commitment of such Revolving Credit Lender at such time, provided that, without double counting, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit 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 Revolving Credit 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 $5,000,000 1,000,000 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 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 and shall consist of Revolving Credit Advances made simultaneously by the Revolving Credit Lenders in accordance with ratably according to their respective Pro Rata Shares of the Revolving Credit FacilityCommitments. Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to timetime prior to the RC Maturity Date, the Borrower may borrow under this Section 2.01(c2.01(a), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c2.01(a).

Appears in 1 contract

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

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