The Revolving Credit Loans. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make Revolving Credit Loans to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Revolving Credit Commitment; provided, however, that at no time, except as provided for in Section 2.14(c), shall any Lender be obligated to make a Revolving Credit Loan in excess of such Lender's Ratable Portion of the Available Credit. In addition, each Lender agrees to make Revolving Credit Loans in accordance with Section 2.18. Within the limits of each Lender's Revolving Credit Commitment, amounts prepaid pursuant to Section 2.7(c) may be reborrowed under this Section 2.1. The Revolving Credit Loans of each Lender shall be evidenced by a Revolving Credit Note to the order of such Lender.
Appears in 1 contract
Samples: Credit Agreement (WHX Corp)
The Revolving Credit Loans. On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees to make Revolving Credit Loans to the Borrower Borrowers from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Revolving Credit Commitment; provided, however, that at no time, except as provided for in Section 2.14(c), time shall any Revolving Credit Lender be obligated to make a Revolving Credit Loan in excess of such Lender's Ratable Portion of the Available CreditExcess Availability. In addition, each Revolving Credit Lender agrees to make Revolving Credit Loans in accordance with Section 2.18. Within the limits of each Revolving Credit Lender's Revolving Credit Commitment, amounts prepaid pursuant to Section 2.7(c2.7(c)(i) or (ii) may be reborrowed under this Section 2.12.1(a). The Revolving Credit Loans of each Revolving Credit Lender shall be evidenced by a Revolving Credit Note made payable to the order of such Revolving Credit Lender.
Appears in 1 contract
The Revolving Credit Loans. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make loans (each a "Revolving Credit Loans Loan") to the Borrower from time to time on any Business Day during the period from the Effective Date date hereof until (but not including) the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Revolving Credit Commitment; provided, however, that at no time, except as provided for in Section 2.14(c), time shall any Lender be obligated to make a Revolving Credit Loan in excess of such Lender's Ratable Portion of the Available Credit. In addition, each Lender agrees to make Revolving Credit Loans in accordance with Section 2.18. Within the limits of each Lender's Revolving Credit Commitment, amounts prepaid pursuant to Section 2.7(c2.7(b) may be reborrowed under this Section 2.1. The Revolving Credit Loans of each Lender shall be evidenced by a the Revolving Credit Note to the order of such Lender.
Appears in 1 contract
The Revolving Credit Loans. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make loans (each a "Revolving Credit Loans Loan") to the Borrower from time to time on any Business Day during the period from the Effective Date date hereof until the Business Day preceding the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Revolving Credit Commitment; provided, however, that at no time, except as provided for in Section 2.14(c), time shall any Lender be obligated to make a Revolving Credit Loan in excess of such Lender's Ratable Portion of the Available Credit. In addition, each Lender agrees to make Revolving Credit Loans in accordance with Section 2.18. Within the limits of each Lender's Revolving Credit Commitment, amounts prepaid pursuant to Section 2.7(c) 2.6 may be reborrowed under this Section 2.1. The Revolving Credit Loans of each Lender shall be evidenced by a the Revolving Credit Note payable to the order of such Lender.
Appears in 1 contract
Samples: Credit Agreement (Intergraph Corp)
The Revolving Credit Loans. On the terms and subject to the conditions contained in this Agreement, each Lender severally agrees to make Revolving Credit Loans to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Revolving Credit Commitment; providedPROVIDED, howeverHOWEVER, that at no time, except as provided for in Section 2.14(c), shall any Lender be obligated to make a Revolving Credit Loan in excess of such Lender's Ratable Portion of the Available Credit. In addition, each Lender agrees to make Revolving Credit Loans in accordance with Section 2.18. Within the limits of each Lender's Revolving Credit Commitment, amounts prepaid pursuant to Section 2.7(c) may be reborrowed under this Section 2.1. The Revolving Credit Loans of each Lender shall be evidenced by a Revolving Credit Note to the order of such Lender.
Appears in 1 contract
The Revolving Credit Loans. On the terms and subject to the conditions contained in this AgreementAgreement (including, on and after the initial Additional Revolving Credit Commitment Date, Section 2.21), each Lender severally agrees to make loans (each a "Revolving Credit Loans Loan") to the Borrower from time to time on any Business Day during the period from the Restatement Effective Date until (but not including) the Termination Date in an aggregate amount not to exceed at any time outstanding such Lender's Revolving Credit Commitment; provided, however, that at no time, except as provided for in Section 2.14(c), time shall any Lender be obligated to make a Revolving Credit Loan in excess of such Lender's Ratable Portion of the Available Credit. In addition, each Lender agrees to make Revolving Credit Loans in accordance with Section 2.18. Within the limits of each Lender's Revolving Credit Commitment, amounts prepaid pursuant to Section 2.7(c2.6(b) may be reborrowed under this Section 2.1. The Revolving Credit Loans of each Lender shall be evidenced by a the Revolving Credit Note to the order of such Lender.
Appears in 1 contract