The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “Revolving Credit Loan”) to the Borrowers from time to time, on any Business Day during the Availability Period in respect to the Revolving Credit Facility, in an aggregate amount not to exceed at any time outstanding the amount of such Xxxxxx’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit Commitment. Within the limits of each Revolving Credit Xxxxxx’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(c), prepay under Section 2.04, and reborrow under this Section 2.01(c). Revolving Credit Loans may be either Term SOFR Rate Loans or Daily SOFR Rate Loans, as further provided herein.
Appears in 2 contracts
Samples: Credit Agreement (Highwoods Realty LTD Partnership), Credit Agreement (Highwoods Realty LTD Partnership)
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, on and after the Closing Date, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “or cause its Applicable Lending Office to make) Revolving Credit Loan”) Loans to the Borrowers Borrower from time to time, on any Business Day time during the Availability Period in respect to for the Revolving Credit Facility, Facility in Dollars or in an Approved Currency in an aggregate principal amount that will not to exceed at any time outstanding the amount of result in such XxxxxxLender’s Revolving Credit Exposure exceeding such Lender’s Revolving Credit Commitment; providedprovided that, however, that after giving effect to the making of any Revolving Credit BorrowingLoans, (i) in no event shall the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentCommitments then in effect. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily SOFR Eurocurrency Rate Loans Borrowings, Conversions and Continuations of Loans, as further provided herein.
Appears in 2 contracts
Samples: Credit Agreement (Clear Channel Outdoor Holdings, Inc.), Credit Agreement
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “or cause its Applicable Lending Office to make) Revolving Credit Loan”) to the Borrowers Loans from time to time, on any Business Day time during the Availability Period in respect to for the Revolving Credit Facility, Facility in Dollars or in an Approved Currency in an aggregate principal amount that will not to exceed at any time outstanding the amount of result in such XxxxxxLender’s Revolving Credit Exposure exceeding such Lender’s Revolving Credit Commitment; providedprovided that, however, that after giving effect to the making of any Revolving Credit BorrowingLoans, (i) in no event shall the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentCommitments then in effect. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily SOFR Eurocurrency Rate Loans Borrowings, Conversions and Continuations of Loans, as further provided herein.
Appears in 2 contracts
Samples: Credit Agreement (Wyndham Destinations, Inc.), Credit Agreement (Wyndham Destinations, Inc.)
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “Revolving Credit Loan”) to the Borrowers from time to time, on any Business Day during the Availability Period in respect to the Revolving Credit FacilityPeriod, in an aggregate amount not to exceed at any time outstanding the amount of such XxxxxxLender’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such XxxxxxLender’s Revolving Credit Commitment. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily SOFR Eurodollar Rate Loans, as further provided herein.
Appears in 2 contracts
Samples: Credit Agreement (Construction Partners, Inc.), Credit Agreement (Construction Partners, Inc.)
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “Revolving Credit Loan”) to the Borrowers Borrower from time to time, on any Business Day during the Availability Period in respect to the Revolving Credit FacilityPeriod, in an aggregate amount not to exceed at any time outstanding the amount of such XxxxxxLender’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such XxxxxxRevolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(c2.01(a), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(a). Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily SOFR Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
Samples: Assignment and Assumption (Helix Energy Solutions Group Inc)
The Revolving Credit Borrowings. (i) Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “or cause its Applicable Lending Office to make) US Revolving Credit Loan”) Loans to the Borrowers US Borrower from time to time, on any Business Day time during the Availability Period in respect to for the US Revolving Credit Facility, Facility in Dollars in an aggregate principal amount that will not to exceed at any time outstanding the amount of result in such XxxxxxLender’s US Revolving Credit Exposure exceeding such Lender’s US Revolving Credit Commitment; providedprovided that, however, that after giving effect to the making of any US Revolving Credit BorrowingLoans, (i) in no event shall the Total US Revolving Outstandings exceed the US Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentCommitments then in effect. Within the limits of each Revolving Credit XxxxxxLender’s US Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers US Borrower may borrow under this Section 2.01(c2.01(b)(i), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b)(i). US Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily SOFR Eurocurrency Rate Loans Borrowings, Conversions and Continuations of Loans, as further provided herein.
Appears in 1 contract
Samples: Credit Agreement (W R Grace & Co)
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, on and after the Closing Date, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “or cause its Applicable Lending Office to make) Revolving Credit Loan”) Loans to the Borrowers Borrower from time to time, on any Business Day time during the Availability Period in respect to for the Revolving Credit Facility, Facility in Dollars or in an Approved Currency in an aggregate principal amount that will not to exceed at any time outstanding the amount of result in such XxxxxxLender’s Revolving Credit Exposure exceeding such Lender’s Revolving Credit Commitment; providedprovided that, however, that after giving effect to the making of any Revolving Credit BorrowingLoans, (i) in no event shall the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentCommitments then in effect. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily SOFR Eurocurrency Rate Loans Borrowings, Conversions and Continuations of Loans, as further provided herein.. SECTION 2.02
Appears in 1 contract
Samples: Credit Agreement (Clear Channel Outdoor Holdings, Inc.)
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, herein (i) each Revolving Credit Lender with a Revolving Credit Commitment of a particular Class severally agrees to make loans denominated in Dollars to the Borrower (each such loan, a “Revolving Credit Loan”) to the Borrowers of such Class from time to time, on any Business Day during until the Availability Period in Maturity Date with respect to the Revolving Credit Facilitysuch Class, in an aggregate amount not to exceed at any time outstanding the amount of such XxxxxxLender’s Revolving Credit CommitmentCommitment of such Class; provided, however, provided that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) amount of the Revolving Credit Exposure of any Lender shall not exceed such XxxxxxLender’s Revolving Credit Commitment. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily SOFR Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Samples: Credit Agreement (West Corp)
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, on and after the consummation of the Spin-Off, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “or cause its Applicable Lending Office to make) Revolving Credit Loan”) to the Borrowers Loans from time to time, on any Business Day time during the Availability Period in respect to for the Revolving Credit Facility, Facility in Dollars or in an Approved Currency in an aggregate principal amount that will not to exceed at any time outstanding the amount of result in such XxxxxxLender’s Revolving Credit Exposure exceeding such Lender’s Revolving Credit Commitment; providedprovided that, however, that after giving effect to the making of any Revolving Credit BorrowingLoans, (i) in no event shall the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentCommitments then in effect. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily SOFR Eurocurrency Rate Loans Borrowings, Conversions and Continuations of Loans, as further provided herein.
Appears in 1 contract
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “or cause its Applicable Lending Office to make) Revolving Credit Loan”) to the Borrowers Loans from time to time, on any Business Day time during the Availability Period in respect to for the Revolving Credit Facility, Facility in Dollars or in an Approved Currency in an aggregate principal amount that will not to exceed at any time outstanding the amount of result in such XxxxxxLender’s Revolving Credit Exposure exceeding such Lender’s Revolving Credit Commitment; providedprovided that, however, that after giving effect to the making of any Revolving Credit BorrowingLoans, (i) in no event shall the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentCommitments then in effect. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers any Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Base Rate Loans or, Eurocurrency Rate Loans, Term SOFR Loans, Alternative Currency Term Rate Loans or Alternative Currency Daily SOFR Rate Loans, as further provided herein.Borrowings, Conversions and Continuations of Loans. Section 2.02
Appears in 1 contract
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “Revolving Credit Loan”) to the Borrowers from time to time, on any Business Day during the Availability Period in respect to the Revolving Credit Facility, in an aggregate amount not to exceed at any time outstanding the amount of such XxxxxxLender’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such XxxxxxLender’s Revolving Credit Commitment. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(c), prepay under Section 2.04, and reborrow under this Section 2.01(c). Revolving Credit Loans may be either Term SOFR Rate Loans or Daily SOFR Rate Loans, as further provided herein.
Appears in 1 contract
Samples: Credit Agreement (Highwoods Realty LTD Partnership)
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “Revolving Credit Loan”) to the Borrowers from time to time, on any Business Day during the Availability Period in respect to the Revolving Credit Facility, in an aggregate amount not to exceed at any time outstanding the amount of such XxxxxxLender’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such XxxxxxLender’s Revolving Credit Commitment. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(c2.01(b), prepay under Section 2.04, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Term SOFR Base Rate Loans, Eurodollar Rate Loans or LIBOR Daily SOFR Rate Loans, as further provided herein.
Appears in 1 contract
Samples: Credit Agreement (Highwoods Realty LTD Partnership)
The Revolving Credit Borrowings. (i) Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “or cause its Applicable Lending Office to make) US Revolving Credit Loan”) Loans to the Borrowers from time to time, on any Business Day time during the Availability Period in respect to for the US Revolving Credit Facility, Facility in Dollars in an aggregate principal amount that will not to exceed at any time outstanding the amount of result in such XxxxxxLender’s US Revolving Credit Exposure exceeding such Lender’s US Revolving Credit Commitment; providedprovided that, however, that after giving effect to the making of any US Revolving Credit BorrowingLoans, (i) in no event shall the Total US Revolving Outstandings exceed the US Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentCommitments then in effect. Within the limits of each Revolving Credit XxxxxxLender’s US Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(c2.01(b)(i), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b)(i). US Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily SOFR Eurocurrency Rate Loans Borrowings, conversions and continuations of Loans, as further provided herein.
Appears in 1 contract
Samples: Security Agreement (MARRIOTT VACATIONS WORLDWIDE Corp)
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “or cause its Applicable Lending Office to make) Revolving Credit Loan”) to the Borrowers Loans from time to time, on any Business Day time during the Availability Period in respect to for the Revolving Credit Facility, Facility in Dollars or in an Approved Currency in an aggregate principal amount that will not to exceed at any time outstanding the amount of result in such XxxxxxLender’s Revolving Credit Exposure exceeding such Lender’s Revolving Credit Commitment; providedprovided that, however, that after giving effect to the making of any Revolving Credit BorrowingLoans, (i) in no event shall the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentCommitments then in effect. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers any Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Base Rate Loans, Eurocurrency Rate Loans, Term SOFR Loans, Alternative Currency Term Rate Loans or Alternative Currency Daily SOFR Rate Loans, as further provided herein.Borrowings, Conversions and Continuations of Loans. Section 2.02
Appears in 1 contract
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “Revolving Credit Loan”) to the Borrowers Borrower from time to time, on any Business Day during the Availability Period in respect to the Revolving Credit FacilityPeriod, in an aggregate amount not to exceed at any time outstanding the amount of such XxxxxxLender’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such XxxxxxRevolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily SOFR Eurodollar Rate Loans, as further provided herein.
Appears in 1 contract
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “Revolving Credit Loan”) to the Borrowers Company or a Designated Borrower in Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the Availability Period in respect to the Revolving Credit FacilityPeriod, in an aggregate amount not to exceed at any time outstanding the amount of such XxxxxxLender’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the aggregate Revolving Credit Exposure shall not exceed such XxxxxxRevolving Credit Lender’s Revolving Credit CommitmentCommitment and (iii) the aggregate Outstanding Amount of all Revolving Credit Loans and Bid Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(c)2.01, prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily SOFR Eurocurrency Rate Loans, as further provided herein.
Appears in 1 contract
Samples: Credit Agreement (Fortive Corp)
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make (or cause its Applicable Lending Office to make) loans to the Lead Borrower denominated in Dollars (each such loan, a “Revolving Credit Loan”) to the Borrowers from time to time, on any Business Day during on or after the Availability Period in Closing Date until the Maturity Date with respect to the Revolving Credit Facility, in an aggregate principal amount which does not to exceed at any time outstanding the amount of such XxxxxxLender’s Revolving Credit Commitment; provided, however, that after giving effect to any such Revolving Credit Borrowing, the sum of (ix) the Total Revolving Credit Outstandings shall not exceed aggregate Outstanding Amount of the Revolving Credit FacilityLoans of any Lender, and plus (iiy) such Lender’s Applicable Percentage of the Revolving Credit Exposure Outstanding Amount of all L/C Obligations, shall not exceed such XxxxxxLender’s Revolving Credit Commitment. Within the limits of each Revolving Credit XxxxxxLender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Lead Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Term SOFR Eurocurrency Rate Loans or Daily SOFR Base Rate Loans, as further provided herein.
Appears in 1 contract
Samples: First Lien Credit Agreement (ONESPAWORLD HOLDINGS LTD)
The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans in Dollars (each such loan, a “Revolving Credit Loan”) to the Borrowers Borrower from time to time, on any Business Day during the Availability Period in respect to for the Revolving Credit Facility, in an aggregate amount not to exceed at any time outstanding the amount of such Xxxxxx’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such XxxxxxRevolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Xxxxxx’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c2.01(b). Revolving Credit Loans may be either Base Rate Loans, Daily Simple SOFR Loans or Term SOFR Rate Loans or Daily SOFR Rate Loans, as further provided herein.
Appears in 1 contract
Samples: Credit Agreement (TopBuild Corp)