Common use of The Revolving Credit Borrowings Clause in Contracts

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)

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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, 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. (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 Loans denominated in Dollars to the Borrower from its applicable Lending Office (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 period from and including the Closing Date until the Business Day preceding the Maturity Date 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 Exposure of any Revolving Credit Lender shall not exceed the such Lender’s Revolving Credit Facility, Commitment and (ii) the aggregate Revolving Credit Exposure Exposures shall not exceed such Xxxxxx’s the aggregate Revolving Credit CommitmentCommitments. 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 denominated in Dollars 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 (Meredith Corp)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender with a Revolving Credit Commitment severally agrees to make loans denominated in Dollars (each such loan, a “Revolving Credit Loan”) from its applicable Lending Office 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 principal amount not to exceed at any one time outstanding the amount of such Xxxxxx’s Revolving Credit Commitment; provided, however, that will not (after giving effect to any concurrent use of the proceeds thereof to repay LC Disbursements) result in (i) such Lxxxxx’s Revolving Credit Borrowing, Exposure exceeding such Lxxxxx’s Revolving Credit Commitment or (iii) the Total Revolving Credit Outstandings shall not exceed Exposure exceeding the Total Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentCommitments. Within the limits of each Revolving Credit XxxxxxLxxxxx’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(c)2.01(b) without premium or penalty (subject to Section 3.05) during the Availability Period. Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily Term SOFR Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Loans and Payments (Option Care Health, Inc.)

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

Samples: Credit Agreement (Wyndham Hotels & Resorts, Inc.)

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, 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, each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Borrower as elected by the Borrower pursuant to Section 2.02 (each such loan, a “Revolving Credit Loan”) to the Borrowers from time to time, on any Business Day during after the Availability Period in respect to Fourth A&R Refinancing Effective Date until the Revolving Credit FacilityMaturity Date, in an aggregate amount not to exceed at any time outstanding the amount of such XxxxxxLender’s Revolving Credit Commitment; 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) the Revolving Credit Exposure of any Revolving Credit 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 Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Pinnacle Foods 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 a 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, (ix) in no event shall the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, Commitments then in effect and (iiy) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentAvailability Conditions would be satisfied. 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 Eurocurrency Rate Loans Borrowings, Conversions and Continuations of Loans, as further provided herein.

Appears in 1 contract

Samples: Abl Credit Agreement (Clear Channel Outdoor Holdings, Inc.)

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The Revolving Credit Borrowings. Subject to the terms and conditions set forth hereinherein or in any DIP Order, 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 FacilityLine Cap, and (ii) the Revolving Credit Exposure of any Revolving Credit 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 hereofhereof and in any DIP Order, the Borrowers Borrower may borrow under this Section 2.01(c2.01(b), prepay under Section 2.04, and reborrow under this Section 2.01(c2.01(b). Revolving 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: Credit Agreement (Monitronics International Inc)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each Revolving Credit Lender with any Revolving Credit Commitment severally agrees to make loans Revolving Credit Loans denominated in Dollars (each such loan, a “Revolving Credit Loan”) pursuant to Section 2.02 from its applicable Lending Office to the Borrowers Borrower from time to time, on any Business Day during the Availability Period in respect to period from the Business Day after the Closing Date until the Maturity Date of such Revolving Credit FacilityCommitment, in an aggregate amount Dollar Amount not to exceed at any time outstanding the amount of such Xxxxxx’s Revolving Credit Commitment; provided, however, provided that after giving effect to any Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed aggregate Outstanding Amount of the Revolving Credit Facility, and (ii) the Revolving Credit Exposure Loans of any Lender 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 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). Subject to Section 3.03, Revolving Credit Loans may shall be either Term SOFR Rate Loans or Daily SOFR Rate Loans, as further provided herein.

Appears in 1 contract

Samples: 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 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

Samples: Credit Agreement (Primo Water Corp /CN/)

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, each Revolving Credit Lender severally agrees to make (or cause its Applicable Lending Office to make) loans denominated in Dollars or an Alternative Currency (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 not to exceed at any time outstanding the amount of such XxxxxxLender’s Revolving Credit Commitment; provided, however, provided that after giving effect to any such Revolving Credit Borrowing, (i) the Total aggregate Outstanding Amount of all Revolving Credit Outstandings Loans denominated in Alternative Currencies shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentAlternative 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 borrow, on a joint and several basis, 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 hereinin Sections 3.02 and 3.03 and the Administrative Agent shall provide notice to the Lenders of any Base Rate Loans and upon the reasonable request of a Lender the method of calculation of the Base Rate.

Appears in 1 contract

Samples: Security Agreement (Candela Medical, Inc.)

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 a 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, (ix) in no event shall the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, Commitments then in effect and (iiy) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentAvailability Conditions would be satisfied. 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 Rate Eurocurrency Rate, Term Benchmark Loans Borrowings, RFR Loans, as further provided hereinConversions and Continuations of Loans.

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, each Revolving Credit Lender with a Revolving Credit Commitment severally agrees to make loans denominated in Dollars (each such loan, a “Revolving Credit Loan”) pursuant to Section 2.02 from its applicable Lending Office 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 principal amount not to exceed at any one time outstanding that will not (after giving effect to any concurrent use of the amount of proceeds thereof to repay LC Disbursements) result in (i) such Lender’s Revolving Credit Exposure exceeding such Xxxxxx’s Revolving Credit Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, Commitment or (iii) the Total Revolving Credit Outstandings shall not exceed Exposure exceeding the Total Revolving Credit Facility, and (ii) the Revolving Credit Exposure shall not exceed such Xxxxxx’s Revolving Credit CommitmentCommitments. 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(c2.01(b), prepay under Section 2.042.05, and reborrow under this Section 2.01(c)2.01(b) without premium or penalty (subject to Section 3.05) during the Availability Period. Revolving Credit Loans may be either Term SOFR Base Rate Loans or Daily Eurocurrency RateTerm SOFR Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Abl Credit Agreement (Option Care Health, Inc.)

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