Common use of The Revolving Loan Commitment Clause in Contracts

The Revolving Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof), each Bank, by its acceptance hereof, severally agrees to make a loan or loans to the Borrower from time to time on a revolving basis (individually a “Revolving Loan” and collectively “Revolving Loans”) in U.S. Dollars in an aggregate outstanding amount up to the amount of its commitment set forth opposite the name of such Bank on Schedule 2.1 hereto (such amount, as reduced pursuant to Section 2.12(a) hereof, increased pursuant to Section 2.12(b) hereof, or changed as a result of one or more assignments under Section 11.10 hereof its “Commitment” and, cumulatively for all the Banks, the “Commitments”) before the Termination Date, provided that the sum of the aggregate amount of Loans (including Revolving Loans and Swing Line Loans) and of L/C Obligations at any time outstanding shall not exceed the Commitments in effect at such time. On the Termination Date the Commitments shall terminate. Each Borrowing of Revolving Loans shall be made ratably from the Banks in proportion to their respective Percentages. As provided in Section 2.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving Loans shall mature and be due and payable on the Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

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The Revolving Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof6.2), each BankLender, by its acceptance hereof, severally agrees to make a loan or loans (individually a "Loan" and collectively "Loans") to the Borrower Borrowers from time to time on a revolving basis (individually a “Revolving Loan” and collectively “Revolving Loans”) in U.S. Dollars in an aggregate outstanding amount up to the amount of its commitment set forth opposite the name of such Bank on Schedule 2.1 2 hereto (such amount, as reduced pursuant to Section 2.12(a) hereof2.11(a), increased pursuant to Section 2.12(b2.11(b) hereofor Section 2.12, or changed as a result of one or more assignments under Section 11.10 hereof 11.8, its "Commitment" and, cumulatively for all the BanksLenders, the "Commitments") before the Termination Date, ; provided that the sum of (i) the aggregate amount of Loans (including Revolving Loans and Swing Line Loans) and of L/C Obligations at any time outstanding shall not exceed the Commitments in effect at such time, and (ii) the aggregate principal amount of Loans owing by Nicor at any one time may not exceed the Nicor Sub-limit. On the Termination Date the Commitments shall terminate. Each Borrowing of Revolving Loans shall be made ratably from the Banks Lenders in proportion to their respective Percentages. As provided in Section 2.5(a2.4(a) hereof, the a Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving Loans shall mature and be due and payable on the Termination DateApplicable Repayment Date for such Loan. Each Borrower shall be severally and not jointly liable for any Borrowings made by it.

Appears in 2 contracts

Samples: Credit Agreement (Nicor Inc), Credit Agreement (Northern Illinois Gas Co /Il/ /New/)

The Revolving Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof6.2), each Bank, by its acceptance hereof, severally agrees to make a loan or loans (individually a "Loan" and collectively "Loans") to the Borrower from time to time on a revolving basis (individually a “Revolving Loan” and collectively “Revolving Loans”) in U.S. Dollars in an aggregate outstanding amount up to the amount of its commitment set forth opposite on the name of such Bank on Schedule 2.1 hereto applicable signature page hereof (such amount, as reduced pursuant to Section 2.12(a) hereof), increased pursuant to Section 2.12(b) hereof), or changed as a result of one or more assignments under Section 11.10 hereof 11.12, its "Commitment" and, cumulatively for all the Banks, the "Commitments") before the Termination Date, provided that the sum of the aggregate amount of Loans (including Revolving Loans and Swing Line Loans) and of L/C Obligations at any time outstanding shall not exceed the Commitments in effect at such time. On the Termination Date the Commitments shall terminate. Each Borrowing of Revolving Loans shall be made ratably from the Banks in proportion to their respective Percentages. As provided in Section 2.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving Loans shall mature and be due and payable on the Termination Date. Notwithstanding anything is this Agreement to the contrary, no Eurodollar Loans may be advanced during the LIBOR Loan Restriction Period.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Black Hills Corp /Sd/), 364 Day Credit Agreement (Black Hills Corp /Sd/)

The Revolving Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof6.2), each BankLender, by its acceptance hereof, severally agrees to make a loan or loans (individually a "Loan" and collectively "Loans") to the Borrower Borrowers from time to time on a revolving basis (individually a “Revolving Loan” and collectively “Revolving Loans”) in U.S. Dollars in an aggregate outstanding amount up to the amount of its commitment set forth opposite the name of such Bank on Schedule 2.1 2 hereto (such amount, as reduced pursuant to Section 2.12(a) hereof2.11(a), increased pursuant to Section 2.12(b) hereof2.11(b), or changed as a result of one or more assignments under Section 11.10 hereof 11.8, its "Commitment" and, cumulatively for all the BanksLenders, the "Commitments") before the Termination Date, ; provided that the sum of (i) the aggregate amount of Loans (including Revolving Loans and Swing Line Loans) and of L/C Obligations at any time outstanding shall not exceed the Commitments in effect at such time, and (ii) the aggregate principal amount of Loans owing by Nicor at any one time may not exceed the Nicor Sub-limit. On the Termination Date the Commitments shall terminate. Each Borrowing of Revolving Loans shall be made ratably from the Banks Lenders in proportion to their respective Percentages. As provided in Section 2.5(a2.4(a) hereof, the a Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving Loans shall mature and be due and payable on the Termination Date. Each Borrower shall be severally and not jointly liable for any Borrowings made by it.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Northern Illinois Gas Co /Il/ /New/), 364 Day Credit Agreement (Nicor Inc)

The Revolving Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof6.2), each Bank, by its acceptance hereof, severally agrees to make a loan or loans (individually a “Loan” and collectively “Loans”) to the Borrower from time to time on a revolving basis (individually a “Revolving Loan” and collectively “Revolving Loans”) in U.S. Dollars in an aggregate outstanding amount up to the amount of its commitment set forth opposite on the name of such Bank on Schedule 2.1 hereto applicable signature page hereof (such amount, as reduced pursuant to Section 2.12(a) hereof), increased pursuant to Section 2.12(b) hereof), or changed as a result of one or more assignments under Section 11.10 hereof its “Commitment” andCommitment”and, cumulatively for all the Banks, the “Commitments”) before the Termination Date, provided that the sum of the aggregate amount of Loans (including Revolving Loans and Swing Line Loans) and of L/C Obligations at any time outstanding shall not exceed the Commitments in effect at such time. On the Termination Date the Commitments shall terminate. Each Borrowing of Revolving Loans shall be made ratably from the Banks in proportion to their respective Percentages. As provided in Section 2.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving Loans shall mature and be due and payable on the Termination Date. Notwithstanding anything is this Agreement to the contrary, no Eurodollar Loans may be advanced during the LIBOR Loan Restriction Period.

Appears in 2 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

The Revolving Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof6.2), each BankLender, by its acceptance hereof, severally agrees to make a loan or loans (individually a "Loan" and collectively "Loans") to the Borrower Borrowers from time to time on a revolving basis (individually a “Revolving Loan” and collectively “Revolving Loans”) in U.S. Dollars in an aggregate outstanding amount up to the amount of its commitment set forth opposite the name of such Bank on Schedule 2.1 2 hereto (such amount, as reduced pursuant to Section 2.12(a) hereof2.11(a), increased pursuant to Section 2.12(b) hereof2.11(b), or changed as a result of one or more assignments under Section 11.10 hereof 11.8, its "Commitment" and, cumulatively for all the BanksLenders, the "Commitments") before the Termination Date, ; provided that the sum of (i) the aggregate amount of Loans (including Revolving Loans and Swing Line Loans) and of L/C Obligations at any time outstanding shall not exceed the Commitments in effect at such time, and (ii) the aggregate principal amount of Loans owing by Nicor at any one time may not exceed the Nicor Sub-limit. On the Termination Date the Commitments shall terminate. Each Borrowing of Revolving Loans shall be made ratably from the Banks Lenders in proportion to their respective Percentages. As provided in Section 2.5(a2.4(a) hereof, the a Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving Loans shall mature and be due and payable on the Termination DateApplicable Repayment Date for such Loan. Each Borrower shall be severally and not jointly liable for any Borrowings made by it.

Appears in 2 contracts

Samples: Credit Agreement (Nicor Inc), Credit Agreement (Northern Illinois Gas Co /Il/ /New/)

The Revolving Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof), each Bank, by its acceptance hereof, severally agrees to make a loan or loans (individually a “Revolving Loan” and collectively the “Revolving Loans”) to the Borrower from time to time on a revolving basis (individually a “Revolving Loan” and collectively “Revolving Loans”) in U.S. Dollars in an aggregate outstanding amount up to the amount of its revolving credit commitment set forth opposite on the name of such Bank on Schedule 2.1 hereto applicable signature page hereof (such amount, as reduced pursuant to Section 2.12(a) hereof, increased pursuant to Section 2.12(b) hereof, 2.13 or changed as a result of one or more assignments under Section 11.10 hereof 11.12, its “Commitment” and, cumulatively for all the Banks, the “Commitments”) before the Termination Date, provided that the sum of each Bank’s Percentage of Revolving Loans, Swingline Loans and L/C Obligations at any time outstanding shall not exceed such Bank’s Commitment, providedfurther that, the sum of the aggregate amount of Loans (including Revolving Loans, the Swingline Loans and Swing Line Loans) and of L/C Obligations at any time outstanding shall not exceed the lesser of (i) the Commitments in effect at such time. On time or (ii) the Termination Date the Commitments shall terminateBorrowing Base as then determined and computed (subject to Section 2.9(c)). Each Borrowing of Revolving Loans shall be made ratably from the Banks in proportion to their respective Percentages. As provided in Section 2.5(a2.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving Loans shall mature and be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Transport Corporation of America Inc)

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The Revolving Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof), each Bank, by its acceptance hereof, severally agrees to make a loan or loans to the Borrower from time to time on a revolving basis (individually a “Revolving Loan” and collectively “Revolving Loans”) in U.S. Dollars in an aggregate outstanding amount up to the amount of its commitment set forth opposite the name of such Bank on Schedule 2.1 hereto (such amount, as reduced pursuant to Section 2.12(a) hereof, increased pursuant to Section 2.12(b) hereof, or changed as a result of one or more assignments under Section 11.10 hereof its “Commitment” and, cumulatively for all the Banks, the “Commitments”) before the Termination Date, provided that providedthat the sum of the aggregate amount of Loans (including Revolving Loans and Swing Line Loans) and of L/C Obligations at any time outstanding shall not exceed the Commitments in effect at such time. On the Termination Date the Commitments shall terminate. Each Borrowing of Revolving Loans shall be made ratably from the Banks in proportion to their respective Percentages. As provided in Section 2.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Term SOFR Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving Loans shall mature and be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Black Hills Corp /Sd/)

The Revolving Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof), each Bank, by its acceptance hereof, severally agrees to make a loan or loans (individually a "REVOLVING LOAN" and collectively the "REVOLVING LOANS") to the Borrower from time to time on a revolving basis (individually a “Revolving Loan” and collectively “Revolving Loans”) in U.S. Dollars in an aggregate outstanding amount up to the amount of its revolving credit commitment set forth opposite on the name of such Bank on Schedule 2.1 hereto applicable signature page hereof (such amount, as reduced pursuant to Section 2.12(a) hereof, increased pursuant to Section 2.12(b) hereof, 2.13 or changed as a result of one or more assignments under Section 11.10 hereof 11.12, its “Commitment” "COMMITMENT" and, cumulatively for all the Banks, the “Commitments”"COMMITMENTS") before the Termination Date, provided PROVIDED that the sum of each Bank's Percentage of Revolving Loans, Swingline Loans and L/C Obligations at any time outstanding shall not exceed such Bank's Commitment, PROVIDED further that, the sum of the aggregate amount of Loans (including Revolving Loans, the Swingline Loans and Swing Line Loans) and of L/C Obligations at any time outstanding shall not exceed the lesser of (i) the Commitments in effect at such time. On time or (ii) the Termination Date the Commitments shall terminateBorrowing Base as then determined and computed (subject to Section 2.9(c)). Each Borrowing of Revolving Loans shall be made ratably from the Banks in proportion to their respective Percentages. As provided in Section 2.5(a2.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving Loans shall mature and be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Transport Corporation of America Inc)

The Revolving Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof), each Bank, by its acceptance hereof, severally agrees to make a loan or loans (individually a "REVOLVING LOAN" and collectively the "REVOLVING LOANS") to the Borrower from time to time on a revolving basis (individually a “Revolving Loan” and collectively “Revolving Loans”) in U.S. Dollars in an aggregate outstanding amount up to the amount of its revolving credit commitment set forth opposite on the name of such Bank on Schedule 2.1 hereto applicable signature page hereof (such amount, as reduced pursuant to Section 2.12(a) hereof, increased pursuant to Section 2.12(b) hereof, 2.13 or changed as a result of one or more assignments under Section 11.10 hereof 11.12, its “Commitment” "COMMITMENT" and, cumulatively for all the Banks, the “Commitments”"COMMITMENTS") before the Termination Date, provided PROVIDED that the sum of each Bank's Percentage of Revolving Loans, Swingline Loans and L/C Obligations at any time outstanding shall not exceed such Bank's Commitment, PROVIDED FURTHER that, the sum of the aggregate amount of Loans (including Revolving Loans, the Swingline Loans and Swing Line Loans) and of L/C Obligations at any time outstanding shall not exceed the lesser of (i) the Commitments in effect at such time. On time or (ii) the Termination Date the Commitments shall terminateBorrowing Base as then determined and computed (subject to Section 2.9(c)). Each Borrowing of Revolving Loans shall be made ratably from the Banks in proportion to their respective Percentages. As provided in Section 2.5(a2.6(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving Loans shall mature and be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Transport Corporation of America Inc)

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