Common use of The Revolving Credit Commitments Clause in Contracts

The Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make loans in Dollars (each a “Revolving Loan”) to the Borrowers from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Termination Date in an aggregate principal amount at any time outstanding for all such loans by such Lender not to exceed such Lender’s Revolving Credit Commitment; provided, however, that at no time shall any Lender be obligated to make a Revolving Loan in excess of such Lender’s Ratable Portion of the Available Credit; provided, further, that after giving effect to such Revolving Loan, (i) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (ii) the aggregate Revolving Credit Outstandings shall not exceed the then effective Revolving Credit Commitments. Within the limits of the Revolving Credit Commitment of each Lender, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Boardwalk Pipeline Partners, LP), Revolving Credit Agreement, Revolving Credit Agreement (Boardwalk Pipeline Partners, LP)

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The Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees to make loans in Dollars (each a “Revolving Loan”) to the Borrowers Borrower from time to time on any Business Day during the period from the Effective Date date hereof until the Revolving Credit Termination Date in an aggregate principal amount at any time outstanding for all such loans by such Revolving Credit Lender not to exceed such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, that at no time shall any Revolving Credit Lender be obligated to make a Revolving Loan in excess of such Revolving Credit Lender’s Ratable Portion of the Available Credit; provided, further, that after giving effect to such Revolving Loan, (i) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (ii) the aggregate Revolving Credit Outstandings shall not exceed the then effective Revolving Credit Commitments. Within the limits of the Revolving Credit Commitment of each Revolving Credit Lender, amounts of Revolving Loans repaid may be reborrowed under this Section 2.12.

Appears in 3 contracts

Samples: Credit Agreement (Tenet Healthcare Corp), Credit Agreement (Tenet Healthcare Corp), Senior Secured Super Priority Debtor in Possession and Exit Credit Agreement (Constar International Inc)

The Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make loans in Dollars (each a "Revolving Loan") in Dollars to the Borrowers Borrower from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Termination Date in an aggregate principal amount not to exceed at any time outstanding for all such loans by such Lender not to exceed such Lender’s 's Revolving Credit Commitment, which Revolving Credit Commitments are being increased as of the Effective Date as set forth in Schedule I (Revolving Credit Commitments) hereto; provided, however, that at no time shall any Lender be obligated to make a Revolving Loan in excess of such Lender’s 's Ratable Portion of the Available Credit; provided, further, that after giving effect to such Revolving Loan, (i) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (ii) the aggregate Revolving Credit Outstandings shall not exceed the then effective Revolving Credit Commitments. Within the limits of the each Lender's Revolving Credit Commitment of each LenderCommitment, amounts of Revolving Loans repaid may be reborrowed under this Section 2.12.1 (The Revolving Credit Commitments).

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

The Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees (i) to make loans in Dollars (each a “Revolving Loan”) to the Borrowers from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Termination Date in an aggregate principal amount at any time outstanding for all such loans by such Lender not to exceed such Lender’s Revolving Credit Commitment; provided, however, that at no time shall any Lender be obligated to make a Revolving Loan in excess of such Lender’s Ratable Portion of the Available Credit; provided, further, that after giving effect to such Revolving Loan, (iA) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (iiB) the aggregate Revolving Credit Outstandings shall not exceed the then effective Revolving Credit Commitments, and (ii) at the election of the Parent Borrower, to convert the principal amount of any Revolving Loans remaining outstanding on the Scheduled Maturity Date to Term Loans pursuant to Section 2.18. Within the limits of the Revolving Credit Commitment of each Lender, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Boardwalk Pipeline Partners, LP)

The Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees to make loans in Dollars (each a "Revolving Loan") to FIRST LIEN CREDIT AGREEMENT TECUMSEH PRODUCTS COMPANY the Borrowers Borrower from time to time on any Business Day during the period from the Effective Date date hereof until the Revolving Credit Termination Date in an aggregate principal amount at any time outstanding for all such loans by such Revolving Credit Lender not to exceed such Revolving Credit Lender’s 's Revolving Credit Commitment; provided, however, that at no time shall any Revolving Credit Lender be obligated to make a Revolving Loan in excess of such Revolving Credit Lender’s 's Ratable Portion of the Available Credit; provided, further, that after giving effect to such Revolving Loan, (i) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (ii) the aggregate Revolving Credit Outstandings shall not exceed the then effective Revolving Credit Commitments. Within the limits of the Revolving Credit Commitment of each Revolving Credit Lender, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: First Lien Credit Agreement (Tecumseh Products Co)

The Revolving Credit Commitments. On the terms and -------------------------------- subject to the conditions contained in this Agreement, each Lender severally agrees to make loans in Dollars (each a "Revolving Loan") to the Borrowers each Borrower from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Termination Date in an aggregate principal amount not to exceed at any time outstanding for all such loans by such Lender not to exceed such Lender’s 's Revolving Credit Commitment; provided, however, that at any time no time Lender shall any Lender be obligated to make a Revolving Loan to any Borrower (i) in excess of such Lender’s 's Ratable Portion of the Available Credit; providedCredit of such Borrower at such time and (ii) to the extent that the aggregate Revolving Credit Outstandings, further, that after giving effect to such Revolving LoanLoans, (i) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (ii) the aggregate Revolving Credit Outstandings shall not would exceed the then effective Revolving Maximum Credit Commitmentsin effect at such time. Within the limits of the each Lender's Revolving Credit Commitment of each LenderCommitment, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

The Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make loans in Dollars (each each, a “Revolving Loan”) to the Borrowers Borrower from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Termination Date in an aggregate principal amount not to exceed at any time outstanding for all such loans by such Lender not to exceed such Lender’s Revolving Credit Commitment; provided, however, that at any time no time Lender shall any Lender be obligated to make a Revolving Loan to the Borrower (i) in excess of such Lender’s Ratable Portion of the Available Credit; providedCredit of the Borrower at such time and (ii) to the extent that the aggregate Revolving Credit Outstandings, further, that after giving effect to such Revolving LoanLoans, (i) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (ii) the aggregate Revolving Credit Outstandings shall not would exceed the then effective Revolving Maximum Credit Commitmentsin effect at such time. Within the limits of the each Lender’s Revolving Credit Commitment of each LenderCommitment, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

The Revolving Credit Commitments. (a) On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees to make loans in Dollars (each a "Revolving Loan") to the Borrowers Borrower from time to time on any Business Day during the period from the Effective Date date hereof until the Revolving Credit Termination Date in an aggregate principal amount at any time outstanding for all such loans by such Revolving Credit Lender not to exceed (after giving effect to the use of the proceeds of such loans) such Revolving Credit Lender’s 's Revolving Credit Commitment; provided, however, that at no time shall any Revolving Credit Lender be obligated to make a Revolving Loan in excess of such Revolving Credit Lender’s 's Ratable Portion of the Available Credit; provided, further, that after giving effect to such Revolving Loan, (i) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (ii) the aggregate Revolving Credit Outstandings shall not exceed the then effective Revolving Credit Commitments. Within the limits of the Revolving Credit Commitment of each Revolving Credit Lender, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1. (b) Notwithstanding the foregoing clause (a) or any other provision of this Agreement, during the period from the Closing Date to the later of (i) entry of the Final Order and (ii) the Incremental Facility Effective Date, the aggregate of all Revolving Credit Outstandings at any one time shall not exceed the Interim Facility Commitment Amount.

Appears in 1 contract

Samples: Revolving Credit Agreement (Friedmans Inc)

The Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make loans in Dollars (each each, a “Revolving Loan”) to the Borrowers each Borrower from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Termination Date in an aggregate principal amount not to exceed at any time outstanding for all such loans by such Lender not to exceed such Lender’s Revolving Credit Commitment; provided, however, that at any time no time Lender shall any Lender be obligated to make a Revolving Loan to any Borrower (i) in excess of such Lender’s Ratable Portion of the Available Credit; providedCredit of such Borrower at such time and (ii) to the extent that the aggregate Revolving Credit Outstandings, further, that after giving effect to such Revolving LoanLoans, (i) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (ii) the aggregate Revolving Credit Outstandings shall not would exceed the then effective Revolving Maximum Credit Commitmentsin effect at such time. Within the limits of the each Lender’s Revolving Credit Commitment of each LenderCommitment, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

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The Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make loans in Dollars (each a “Revolving Loan”) to the Borrowers from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Termination Date in an aggregate principal amount at any time outstanding for all such loans by such Lender not to exceed such Lender’s Revolving Credit Commitment; provided, however, that at no time shall any Lender be obligated to make a Revolving Loan in excess of such Lender’s Ratable Portion of the Available Credit; provided, further, that after giving effect to such Revolving Loan, (i) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (ii) the aggregate Revolving Credit Outstandings shall not exceed the then EXHIBIT 10.1 ANNEX A effective Revolving Credit Commitments. Within the limits of the Revolving Credit Commitment of each Lender, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Boardwalk Pipeline Partners, LP)

The Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make loans in Dollars (each a “Revolving Loan”) to the Borrowers Borrower from time to time on any Business Day during the period from the Effective Date date hereof until the Revolving Credit Termination Date in an aggregate principal amount not to exceed at any time outstanding for all such loans Loans made by such Lender not to exceed such Lender’s 's Revolving Credit Commitment; provided, however, that at no time shall any Lender be obligated to make a Revolving Loan in excess of (a) to the extent that such Lender’s 's Ratable Portion of the Available Credit; providedRevolving Credit Outstandings, further, that after giving effect to such Revolving Loan, (i) each Borrower’s Revolving Credit Outstandings shall not would exceed its Revolving Credit Sublimit such Lender's Ratable Portion of the Budgeted Amount and (iib) to the extent that the aggregate Revolving Credit Outstandings shall not Outstandings, after giving effect to such Loan, would exceed the then effective Revolving Maximum Credit Commitmentsin effect at such time. Within the limits of the each Lender's Revolving Credit Commitment of each LenderCommitment, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Classic Cable Inc)

The Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees to make loans in Dollars (each a “Revolving Loan”) to (a) the Borrowers U.S. Borrowers, on a joint and several basis, in Dollars and (b) the Canadian Borrower in Dollars or Canadian Dollars, in each case from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Termination Date in an aggregate principal amount at any time outstanding for all such loans Revolving Loans by such Revolving Credit Lender not to exceed such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, that at no time shall any Revolving Credit Lender be obligated to make a Revolving Loan in excess of such Revolving Credit Lender’s Ratable Portion of the Available Credit; provided, further, that after giving effect to such Revolving Loan, any Borrowing (i) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (iix) the aggregate Revolving Credit Outstandings shall not exceed the then effective Maximum Credit, (y) no Revolving Credit Commitments. Within the limits Lender’s Ratable Portion of the all Revolving Credit Commitment Outstandings shall exceed such Revolving Credit Lender’s Revolving Credit Commitment, and (z) the aggregate principal amount of each Lender, amounts of Canadian Revolving Loans repaid may be reborrowed under this Section 2.1.shall not exceed the Canadian

Appears in 1 contract

Samples: Credit Agreement (UTi WORLDWIDE INC)

The Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees (a) in the case of the Direct Tranche Lenders, to make loans in Dollars (each a “Revolving Loan”) to the Borrowers Borrower and (b) in the case of the Synthetic Tranche Lenders and the Direct Tranche Lenders (in accordance with, and subject to, Section 2.4 (Letters of Credit)), to participate in Letters of Credit requested by the Borrower, in each case from time to time on any Business Day during the period from the Effective Date date hereof until the Revolving Credit Termination Date in an aggregate principal amount at any time outstanding for all such loans extensions of credit by each such Revolving Credit Lender not to exceed such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, that at no time shall any Revolving Credit Lender be obligated to make a Revolving Loan or participate in a Letter of Credit in excess of such Revolving Credit Lender’s Ratable Portion of the Available Credit; provided, further, that after giving effect to such Revolving Loan, (i) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (ii) the aggregate Revolving Credit Outstandings shall not exceed the then effective Revolving Credit Commitments. Within the limits of the Revolving Credit Commitment of each Revolving Credit Lender, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: Credit Agreement (Premcor Inc)

The Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make loans in Dollars (each a “Revolving Loan”"REVOLVING LOAN") to the Borrowers Borrower from time to time on any Business Day during the period from the Effective Date date hereof until the Revolving Credit Termination Date in an aggregate principal amount not to exceed at any time outstanding for all such loans by such Lender not to exceed such Lender’s 's Revolving Credit Commitment; providedPROVIDED, howeverHOWEVER, that at no time shall any Lender be obligated to make a Revolving Loan (i) in excess of such Lender’s 's Ratable Portion of the Available Credit; providedCredit and (ii) to the extent that the aggregate Revolving Credit Outstandings, further, that after giving effect to such Revolving Loan, (i) each Borrower’s Revolving Credit Outstandings shall not exceed its Revolving Credit Sublimit and (ii) the aggregate Revolving Credit Outstandings shall not would exceed the then effective Revolving Maximum Credit Commitmentsin effect at such time. Within the limits of the each Lender's Revolving Credit Commitment of each LenderCommitment, amounts of Revolving Loans repaid may be reborrowed under this Section SECTION 2.1.

Appears in 1 contract

Samples: Credit Agreement (Paragon Trade Brands Inc)

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