Common use of The Revolving Credit Borrowings Clause in Contracts

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein (i) each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Borrower (each such loan, a “Revolving Credit Loan”) from time to time, on any Business Day until the Maturity Date, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided that after giving effect to any Revolving Credit Borrowing, (i) the amount of the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Credit Commitment. Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. Notwithstanding anything to the contrary herein, the maximum amount of Revolving Credit Loans that may be borrowed by the Borrower on the Closing Date shall not exceed $50,000,000.

Appears in 2 contracts

Samples: Credit Agreement (West Corp), Credit Agreement (West Corp)

AutoNDA by SimpleDocs

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein (i) herein, each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Borrower (each such loan, a “Revolving Credit Loan”) to Borrower from time to time, on any Business Day until during the Maturity DateAvailability Period in respect to the Revolving Credit Facility, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the amount of Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility; and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein. Notwithstanding anything to the contrary herein, the maximum amount of Revolving Credit Loans that may be borrowed by the Borrower on the Closing Date shall not exceed $50,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Armada Hoffler Properties, Inc.), Credit Agreement (Armada Hoffler Properties, Inc.)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein (i) herein, each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Borrower (each such loan, a “Revolving Credit Loan”) to the Borrowers from time to time, on any Business Day until during the Maturity DateAvailability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the amount of Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower Borrowers may borrow under this Section 2.01(b2.01(c), prepay under Section 2.05, and reborrow under this Section 2.01(b2.01(c). Revolving Credit Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein. Notwithstanding anything to the contrary herein, the maximum amount of Revolving Credit Loans that may be borrowed by the Borrower on the Closing Date shall not exceed $50,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Ichor Holdings, Ltd.), Credit Agreement (Ichor Holdings, Ltd.)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein (i) herein, each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Borrower or any Alternative Currency (each such loan, a “Revolving Credit Loan”) to the Borrowers from time to time, on any Business Day until during the Maturity DateAvailability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Revolving Credit Lender’s Revolving Credit Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the amount of Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Credit Lender’s Revolving Credit CommitmentCommitment and (iii) the Foreign Borrower Exposure shall not exceed $200,000,000. Within the limits of each LenderRevolving Credit Lxxxxx’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower Borrowers may borrow under this Section 2.01(b2.01(c), prepay under Section 2.052.04, and reborrow under this Section 2.01(b2.01(c). Revolving Credit Loans may be Base Rate Loans, Term SOFR Loans, Alternative Currency Daily Rate Loans or Eurocurrency Alternative Currency Term Rate Loans, as further provided herein. Notwithstanding anything to the contrary herein, the maximum amount of Revolving Credit Loans that may be borrowed by the Borrower on the Closing Date shall not exceed $50,000,000.

Appears in 1 contract

Samples: Credit Agreement (NCR Atleos Corp)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein (i) herein, each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Borrower (each such loan, a “Revolving Credit Loan”) to the Revolver Borrower from time to time, on any Business Day until during the Maturity DateAvailability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided that the aggregate principal amount of Revolving Credit Loans requested pursuant to this Section 2.01(b) on the Closing Date shall not exceed $5,000,000; provided, further, that after giving effect to any Revolving Credit Borrowing, (i) the amount of Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Revolver Borrower may borrow under this Section 2.01(b), prepay under Section 2.052.04, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein. Notwithstanding anything to the contrary herein, the maximum amount of Revolving Credit Loans that may be borrowed by the Borrower on the Closing Date shall not exceed $50,000,000.

Appears in 1 contract

Samples: Credit Agreement (International Money Express, Inc.)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein (i) herein, each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Borrower (each such loan, a “Revolving Credit Loan”) in Dollars to the Borrower from time to time, on any Business Day until during the Maturity DateAvailability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the amount of Total Revolving Credit Outstandings CHL:63544.12 shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure of any Revolving Credit Lender shall not exceed such Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b)2.01, prepay under Section 2.05, and reborrow under this Section 2.01(b)2.01. Revolving Credit Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein. Notwithstanding anything to the contrary herein, the maximum amount of Revolving Credit Loans that may be borrowed by the Borrower on the Closing Date shall not exceed $50,000,000.

Appears in 1 contract

Samples: Credit Agreement (Heartland Payment Systems Inc)

AutoNDA by SimpleDocs

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein (i) herein, each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Borrower (each such loan, a “Revolving Credit Loan”) to the Borrower from time to time, on any Business Day until during the Maturity DateAvailability Period for the Revolving Credit Facility, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the amount of Total Revolving Credit Outstanding shall not exceed the Revolving Credit Facility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.052.03(a), and reborrow re-borrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurocurrency Eurodollar Rate Loans, as further provided herein. Notwithstanding anything to the contrary herein, the maximum amount of Revolving Credit Loans that may be borrowed by the Borrower on the Closing Date shall not exceed $50,000,000.

Appears in 1 contract

Samples: Credit Agreement (ORBCOMM Inc.)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein (i) each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Borrower (each such loan, a “Revolving Credit Loan”) from time to time, on any Business Day until the Maturity Date, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided that after giving effect to any Revolving Credit Borrowing, (i) the amount of the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Credit Commitment. Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. Notwithstanding anything to the contrary herein, the maximum amount of Revolving Credit Loans that may be borrowed by the Borrower on the Closing Date shall not exceed $50,000,000.

Appears in 1 contract

Samples: Credit Agreement (West Corp)

The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein (i) herein, each Revolving Credit Lender severally agrees to make loans denominated in Dollars to the Borrower (each such loan, a “Revolving Credit Loan”) to the Borrowers in Dollars or in one or more Alternative Currencies from time to time, on any Business Day until during the Maturity DateAvailability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such LenderXxxxxx’s Revolving Credit Commitment; provided provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the amount of Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, (ii) the Revolving Credit Exposure of any Lender shall not exceed such LenderXxxxxx’s Revolving Credit CommitmentCommitment and (iii) the aggregate Outstanding Amount of all Revolving Credit Loans and Letters of Credit denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within the limits of each LenderRevolving Credit Xxxxxx’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower Borrowers may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow re-borrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. Notwithstanding anything to the contrary hereinEurocurrency RateTerm SOFR Loans, the maximum amount of Revolving Credit Loans that may be borrowed by the Borrower on the Closing Date shall not exceed $50,000,000.Alternative Currency Daily Rate 46 158477613_2174043865_5

Appears in 1 contract

Samples: Amended and Restated Credit Agreement (Stericycle Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!