The Revolving Credit Loans. (a) Each Borrower hereby agrees to pay to each Lender when due in accordance with the terms of this Agreement the Existing Revolving Credit Loans of such Lender made to such Borrower. (b) On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees (i) on the Effective Date, if, and only if, the Borrowers concurrently repay in full the Existing Term Loans, to make Revolving Credit Loans to the Borrowers in a principal amount not to exceed the lesser of (x) such Revolving Credit Lender’s Revolving Credit and (y) such Revolving Credit Lender’s Revolving Credit Commitment at such time multiplied by the Available Credit on the Effective Date, provided that, notwithstanding anything in this Article II to the contrary, the aggregate principal amount of Revolving Credit Loans outstanding on the Effective Date may not exceed $85,000,000 and (ii) from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Commitment Termination Date, to make Revolving Credit Loans to the Borrowers, in Dollars or in an Alternative Currency, in an aggregate principal amount not to exceed the lesser of (1) such Revolving Credit Lender’s Revolving Credit Commitment at such time and (2) such Revolving Credit Lender’s Revolving Credit Ratable Portion multiplied by, in the case of any such Loan made to Dutch Company, Dutch Operating Co. or to U.K. Operating Co., the Available Credit at such time and, in the case of any such Loan made to U.S. Operating Co., the Available U.S. Credit at such time; provided, however, that the aggregate principal amount of all Revolving Credit Loans made at any time by the Revolving Credit Lenders shall not exceed the lesser of (A) the Revolving Credit Commitments of the Revolving Credit Lenders at such time and (B) in the case of any such Loan made to Dutch Company, Dutch Operating Co. or to U.K. Operating Co., the Available Credit at such time and, in the case of any such Loan made to U.S. Operating Co., the Available U.S. Credit at such time. (c) Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, any principal amount of the Revolving Credit Loans prepaid pursuant to Section 2.7(b) may be reborrowed under Section 2.1(b). (d) The Revolving Credit Loans of each Revolving Credit Lender made to a Borrower shall be evidenced by a U.S. Operating Co. Revolving Credit Note made by U.S. Operating Co., a Dutch Company Revolving Credit Note made by Dutch Company, a U.K. Operating Co. Revolving Credit Note made by U.K. Operating Co. or a Dutch Operating Co. Revolving Credit Note made by Dutch Operating Co., as the case may be, in each case to the order of such Revolving Credit Lender.
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The Revolving Credit Loans. (a) Each Borrower hereby agrees to pay to each Lender when due in accordance with the terms of this Agreement the Existing Revolving Credit Loans of such Lender made to such Borrower.
(b) On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees (i) on the Effective Date, if, and only if, the Borrowers concurrently repay in full Lenders have made, or simultaneously make, the Existing U.S. Dollar Term LoansA Loans and the U.S. Dollar Term C Loans to U.S. Operating Co., to make a Transaction Revolving Credit Loans Loan to the Borrowers U.S. Operating Co., in Dollars, in a principal amount not to exceed the lesser of (x) such Revolving Credit Lender’s 's Revolving Credit Ratable Portion multiplied by the Applicable Sublimit and (y) such Revolving Credit Lender’s 's Revolving Credit Commitment at such time Ratable Portion multiplied by the Available U.S. Credit on the Effective Date, provided that, notwithstanding anything in this Article II to the contrary, the aggregate principal amount of Revolving Credit Loans outstanding on the Effective Date may not exceed $85,000,000 ; and (ii) from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Commitment Termination Date, to make General Purpose Revolving Credit Loans to the BorrowersOperating Companies, in Dollars or in an Alternative Currency, in an aggregate principal amount not to exceed the lesser of (1x) such Revolving Credit Lender’s 's Revolving Credit Commitment at such time and (2y) such Revolving Credit Lender’s 's Revolving Credit Ratable Portion multiplied by, in the case of any such Loan made to Dutch Operating Co. or to U.K. Operating Co., the Available Credit at such time and, in the case of any such Loan made to U.S. Operating Co., the Available U.S. Credit at such time; provided, however, that (A) the aggregate principal amount of the Transaction Revolving Credit Loan made by any Revolving Credit Lender to U.S. Operating Co. shall not exceed the lesser of (x) such Revolving Credit Lender's Revolving Credit Ratable Portion multiplied by the Applicable Sublimit and (y) such Revolving Credit Lender's Revolving Credit Ratable Portion multiplied by the Available U.S. Credit on the Effective Date, (B) the aggregate principal amount of all Revolving Credit Loans made at any time by the Revolving Credit Lenders shall not exceed the lesser of (x) the Revolving Credit Commitments of the Revolving Credit Lenders at such time and (y) in the case of such Loan made to Dutch Company, Dutch Operating Co. or to U.K. Operating Co., the Available Credit at such time and, in the case of any such Loan made to U.S. Operating Co., the Available U.S. Credit at such time; provided, however(C) the aggregate principal amount of the Revolving Credit Loans made at any time by any Revolving Credit Lender to U.S. Operating Co. shall not exceed the lesser of (x) such Revolving Credit Lender's Revolving Credit Commitment at such time and (y) such Revolving Credit Lender's Revolving Credit Ratable Portion multiplied by the Available U.S. Credit at such time, that and (D) the aggregate principal amount of all Revolving Credit Loans made at any time by the Revolving Credit Lenders to U.S. Operating Co. shall not exceed the lesser of (Ax) the Revolving Credit Commitments of the all Revolving Credit Lenders at such time and (By) in the case of any such Loan made to Dutch Company, Dutch Operating Co. or to U.K. Operating Co., the Available Credit at such time and, in the case of any such Loan made to U.S. Operating Co., the Available U.S. Credit at such time; and provided, further, that no Swing Loans shall be outstanding on any date of a proposed Revolving Credit Borrowing unless either (A) there shall not be any Swing Loan Lender Excess Amount of such Revolving Credit Borrowing or (B) such Borrowing is comprised of Base Rate Loans to be made to U.S. Operating Co. and U.S. Operating Co. attaches to its Notice of Borrowing with respect thereto a written notice addressed to the Agent and the Swing Loan Lender stating (x) the Swing Loan Lender Excess Amount of such Borrowing and (y) that, notwithstanding Section 2.3(c), the Swing Loan Lender is directed to apply such Swing Loan Lender Excess Amount of the proceeds of the Revolving Credit Loan to be made by it as a part of such Borrowing to repay the outstanding Swing Loans, which application shall be made at the time the Agent notifies the Swing Loan Lender that, pursuant to Section 2.3(c), it is making funds available to U.S. Operating Co. in the remaining amount of such Borrowing.
(c) Within the limits of each Revolving Credit Lender’s 's Revolving Credit Commitment, any principal amount of the Transaction Revolving Credit Loans or General Purpose Revolving Credit Loans prepaid pursuant to Section 2.7(b) may be reborrowed as, but only as, General Purpose Revolving Credit Loans under Section 2.1(b).
(d) The Revolving Credit Loans of each Revolving Credit Lender made to a Borrower U.S. Operating Co., Dutch Company, U.K. Operating Co. and Dutch Operating Co. shall be evidenced by a U.S. Operating Co. Revolving Credit Note made by U.S. Operating Co., a Dutch Company Revolving Credit Note made by Dutch Company, a U.K. Operating Co. Revolving Credit Note made by U.K. Operating Co. or and a Dutch Operating Co. Revolving Credit Note made by Dutch Operating Co., as the case may berespectively, in each case to the order of such Revolving Credit Lender.
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The Revolving Credit Loans. (a) Each Borrower hereby agrees Subject to pay to each Lender when due in accordance with the terms of this Agreement the Existing Revolving Credit Loans of such Lender made to such Borrower.
(b) On the terms and subject conditions set forth herein and in the Second Amendment to the conditions contained in this Third Amended and Restated Agreement, each Revolving Credit Lender severally agrees (i) on the Effective Date, if, and only if, the Borrowers concurrently repay in full the Existing Term Loans, to make loans (each such loan, a “Revolving Credit Loans Loan”) to any Revolving Credit Borrower (on a joint and several basis with the other Revolving Credit Borrowers within the same Group) in a principal U.S. Dollars or an Alternative Currency, in each case, from time to time, on any Business Day during the Availability Period for the Revolving Credit Facility, in an aggregate amount not to exceed at any time outstanding the lesser amount of (x) such Revolving Credit Lender’s Revolving Credit and Commitment; provided, further, that after giving effect to any Revolving Credit Borrowing, (yi) the Total Revolving Credit Outstandings shall not exceed the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time, (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender plus such Revolving Credit Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations plus such Revolving Credit Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment at such time multiplied by and (iii) the Available Credit on the Effective Date, provided that, notwithstanding anything in this Article II to the contrary, the aggregate principal amount of Total Revolving Credit Loans outstanding on the Effective Date may not exceed $85,000,000 and (ii) from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Commitment Termination Date, to make Revolving Credit Loans to the Borrowers, Outstandings denominated in Dollars or in an Alternative Currency, in an aggregate principal amount not to exceed the lesser of (1) such Revolving Credit Lender’s Revolving Credit Commitment at such time and (2) such Revolving Credit Lender’s Revolving Credit Ratable Portion multiplied by, in the case of any such Loan made to Dutch Company, Dutch Operating Co. or to U.K. Operating Co., the Available Credit at such time and, in the case of any such Loan made to U.S. Operating Co., the Available U.S. Credit at such time; provided, however, that the aggregate principal amount of all Revolving Credit Loans made at any time by the Revolving Credit Lenders Currencies shall not exceed the lesser of (A) the Revolving Credit Commitments of the Revolving Credit Lenders at such time and (B) in the case of any such Loan made to Dutch Company, Dutch Operating Co. or to U.K. Operating Co., the Available Credit at such time and, in the case of any such Loan made to U.S. Operating Co., the Available U.S. Credit at such time.
(c) Alternative Currency Sublimit. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, any principal amount of and subject to the other terms and conditions hereof, the Revolving Credit Loans prepaid pursuant to Borrowers may borrow under this this Section 2.7(b) may be reborrowed 2.01(cd), prepay under Section 2.1(b2.05, and reborrowre-borrow under this Section 2.01(cd).
(d) The . Revolving Credit Loans of each Revolving Credit Lender made to a Borrower (w) denominated in U.S. Dollars may be Base Rate Loans or Eurodollar Rate Loans, (x) denominated in Australian Dollars shall be evidenced by a U.S. Operating Co. Revolving Credit Note made by U.S. Operating Co.Australian BBSR Rate Loans, a Dutch Company Revolving Credit Note made by Dutch Company, a U.K. Operating Co. Revolving Credit Note made by U.K. Operating Co. or a Dutch Operating Co. Revolving Credit Note made by Dutch Operating Co., as the case may be, (y) denominated in each case to the order of such Revolving Credit LenderCanadian Dollars shall be Canadian BA Rate Loans and (z) denominated in an Alternative Currency (other than Australian Dollars and Canadian Dollars) shall be Eurodollar Rate Loans.
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Samples: Credit Agreement (ACCO BRANDS Corp)
The Revolving Credit Loans. (a) Each Borrower hereby agrees to pay to each Lender when due in accordance with the terms of this Agreement the Existing Revolving Credit Loans of such Lender made to such Borrower.
(b) On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees (i) on the Effective Dateagrees, if, and only if, the Borrowers concurrently repay in full the Existing Term Loans, to make Revolving Credit Loans to the Borrowers in a principal amount not to exceed the lesser of (x) such Revolving Credit Lender’s Revolving Credit and (y) such Revolving Credit Lender’s Revolving Credit Commitment at such time multiplied by the Available Credit on the Effective Date, provided that, notwithstanding anything in this Article II to the contrary, the aggregate principal amount of Revolving Credit Loans outstanding on the Effective Date may not exceed $85,000,000 and (ii) from time to time on any Business Day during the period from the Effective Date until the Revolving Credit Commitment Termination Date, to make Revolving Credit Loans to the Borrowers, in Dollars or in an Alternative Currency, in an aggregate principal amount not to exceed the lesser of (1) such Revolving Credit Lender’s Revolving Credit Commitment at such time and (2) such Revolving Credit Lender’s Revolving Credit Ratable Portion multiplied by, in the case of any such Loan made to Dutch Company, Dutch Operating Co. or to U.K. Operating Co., the Available Credit at such time and, in the case of any such Loan made to U.S. Operating Co., the Available U.S. Credit at such time; provided, however, that that, after giving effect to any requested Revolving Credit Loan, the aggregate principal amount of all Revolving Credit Loans made and Swing Loans outstanding at any such time by the Revolving and all Letter of Credit Lenders shall Obligations outstanding at such time may not exceed the lesser of (A) the Revolving Credit Commitments of the Revolving Credit Lenders at such time and (B) in the case of any such Loan made to Dutch Company, Dutch Operating Co. or to U.K. Operating Co., the Available Credit at such time and, in the case of any such Loan made to U.S. Operating Co., the Available U.S. Credit Borrowing Base at such time.
(c) Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the terms and conditions hereof, any principal amount of the Revolving Credit Loans prepaid pursuant to Section 2.7(b) may be reborrowed under Section 2.1(b).
(d) The Revolving Credit Loans of each Revolving Credit Lender made to a Borrower shall be evidenced by a U.S. Operating Co. Revolving Credit Note made payable by U.S. Operating Co., a Dutch Company Revolving Credit Note made by Dutch Company, a U.K. Operating Co. Revolving Credit Note made by U.K. Operating Co. or a Dutch Operating Co. Revolving Credit Note made by Dutch Operating Co., as the case may be, in each case such Borrower to the order of such Revolving Credit Lender.
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