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 Revolving Credit Lender severally agrees to make loans in Dollars (each a "Revolving Loan") to the Borrower from time to time on any Business Day during the period from the 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. 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: Pledge and Security Agreement (WCI Steel, Inc.)

AutoNDA by SimpleDocs

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") in Dollars to the Borrower from time to time on any Business Day during the period from and including the date hereof 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 Revolving Credit Lender not to exceed such Revolving Credit Lender's ’s Revolving Credit Commitment, which Revolving Credit Commitments are set forth in Schedule I hereto; 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. Within the limits of the each Lender’s Revolving Credit Commitment of each Revolving Credit LenderCommitment, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa 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 Borrower from time to time on any Business Day during the period from the 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 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. 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: Friedmans 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 the Borrower from time to time on any Business Day during the period from the 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. Within the limits of the Revolving Credit Commitment CREDIT AGREEMENT CONSTAR INTERNATIONAL INC. 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 (Constar International 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 LoanREVOLVING LOAN") in Dollars to the Borrower from time to time on any Business Day during the period from and including the date hereof 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 Revolving Credit Lender not to exceed such Revolving Credit Lender's Revolving Credit Commitment, which Revolving Credit Commitments are set forth in SCHEDULE I hereto; providedPROVIDED, howeverHOWEVER, 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. Within the limits of the each Lender's Revolving Credit Commitment of each Revolving Credit LenderCommitment, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

AutoNDA by SimpleDocs

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 (each, a “Revolving Loan”) in Dollars (each a "Revolving Loan") to the Borrower Borrowers from time to time on any Business Day during the period from and including the date hereof 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 Revolving Credit Lender not to exceed such Revolving Credit Lender's ’s Revolving Credit Commitment, which Revolving Credit Commitments as of the Effective Date are set forth in Schedule I hereto; 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 Revolving Credit. Within the limits of the each Lender’s Revolving Credit Commitment of each and the Available Revolving Credit LenderCredit, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Tousa 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") in Dollars to the Borrower Borrowers from time to time on any Business Day during the period from and including the date hereof 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 Revolving Credit Lender not to exceed such Revolving Credit Lender's ’s Revolving Credit Commitment, which Revolving Credit Commitments are set forth in Schedule I hereto; 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. Within the limits of the each Lender’s Revolving Credit Commitment of each Revolving Credit LenderCommitment, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.