The Syndicated Loans Sample Clauses

The Syndicated Loans. From and including the date of this Agreement and prior to the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement (including, without limitation, the terms and conditions of Section 2.11 and Section 8.1 relating to the reduction, suspension or termination of the Aggregate Commitment), to make Syndicated Loans to the Borrower from time to time in an aggregate amount not to exceed at any one time outstanding the amount of such Lender's Commitment; provided, however, that the Aggregate Commitment shall be deemed used from time to time to the extent of (i) the aggregate L/C Obligations then outstanding, and such deemed use of the Aggregate Commitment shall be applied to the Lenders ratably according to their respective Commitments and (ii) the aggregate amount of the Swing Line Loans then outstanding, and such deemed use of the Aggregate Commitment shall be applied to the Lenders ratably according to their respective Commitments. Subject to the terms of this Agreement (including, without limitation, the terms and conditions of Section 2.11 and Section 8.1 relating to the reduction, suspension or termination of the Aggregate Commitment), the Borrower may borrow, repay and reborrow Syndicated Loans at any time prior to the Facility Termination Date. Unless earlier terminated in accordance with the terms and conditions of this Agreement, the Commitments of the Lenders to lend hereunder shall expire on the Facility Termination Date. Notwithstanding anything herein to the contrary, each of the Lenders shall be required to fund its ratable share of any Syndicated Advance made in connection with any L/C Drafts notwithstanding that such Advance may be made on or after the date of any reduction, suspension or termination of the Aggregate Commitment pursuant to Section 2.11(c) or Section 8.1 of this Agreement.
Sample 1Sample 2See All (8)
AutoNDA by SimpleDocs
The Syndicated Loans. From and including the date of this Agreement and prior to the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement (including, without limitation, the terms and conditions of Section 2.9 and Section 8.1 relating to the reduction, suspension or termination of the Aggregate Commitment), to make Syndicated Loans to the Borrower from time to time in an aggregate amount not to exceed at any one time outstanding the amount of such Lender's Commitment. Subject to the terms of this Agreement (including, without limitation, the terms and conditions of Section 2.9 and Section 8.1 relating to the reduction, suspension or termination of the Aggregate Commitment), the Borrower may borrow, repay and reborrow Syndicated Loans at any time prior to the Facility Termination Date. Unless earlier terminated in accordance with the terms and conditions of this Agreement, the Commitments of the Lenders to lend hereunder shall expire on the Facility Termination Date.
Sample 1Sample 2Sample 3
The Syndicated Loans. During the Revolving -------------------- Credit Period, each Bank severally agrees, on the terms and subject to the conditions set forth in this Agreement, to lend to the Company or to one or more Eligible Subsidiaries from time to time Syndicated Loans; provided that -------- the aggregate principal amount of Syndicated Loans by such Bank at any one time outstanding shall not exceed the amount of its Commitment at such time less the sum of (a) such Bank's LC Exposure at such time plus (b) such ---- Bank's Swingline Exposure at such time plus (c) such Bank's Pro Rata ---- Percentage of the sum of the aggregate principal amount of Negotiated Rate Loans outstanding at such time and Money Market Loans outstanding at such time (in each case, regardless of the amount, if any, of Money Market Loans or Negotiated Rate Loans actually made by such Bank and outstanding at such time). Within the foregoing limits, the Borrowers may borrow under this Section, repay, and, to the extent permitted under Section 2.13, prepay and reborrow under this Section at any time during the Revolving Credit Period. The failure of any Bank to make any Syndicated Loan required under this Agreement shall not release any other Bank from its obligation to make Syndicated Loans as provided herein.
Sample 1Sample 2
The Syndicated Loans. E-24 2.2. REPAYMENT OF THE SYNDICATED LOANS.........................................................E-24 2.3. RATABLE LOANS; TYPES OF SYNDICATED ADVANCES...............................................E-24 2.4. MINIMUM AMOUNT OF EACH SYNDICATED ADVANCE.................................................E-24 2.5. OPTIONAL PREPAYMENTS OF SYNDICATED LOANS..................................................E-25 2.6. METHOD OF SELECTING TYPES AND INTEREST PERIODS FOR NEW SYNDICATED ADVANCES................E-25 2.7. CONVERSION AND CONTINUATION OF OUTSTANDING SYNDICATED ADVANCES............................E-25 2.8. PAYMENT OF INTEREST ON SYNDICATED ADVANCES; CHANGES IN INTEREST RATE......................E-26 2.9. SWING LINE LOANS..........................................................................E-26 2.10. THE BID RATE ADVANCES....................................................................E-27 2.11. COMMITMENT FEE; REDUCTIONS IN AGGREGATE COMMITMENT.......................................E-29 2.12. RATES APPLICABLE AFTER DEFAULT...........................................................E-30 2.13. METHOD OF PAYMENT........................................................................E-30 2.14. NOTES; TELEPHONIC NOTICES................................................................E-30 2.15. NOTIFICATION OF ADVANCES, INTEREST RATES, PREPAYMENTS AND COMMITMENT REDUCTIONS..........E-30 2.16. LENDING INSTALLATIONS....................................................................E-30 2.17. NON-RECEIPT OF FUNDS BY THE AGENT........................................................E-30 2.18. WITHHOLDING TAX EXEMPTION................................................................E-31 2.19. EXTENSION OF FACILITY TERMINATION DATE...................................................E-31 2.20. TERMINATION..............................................................................E-32 2.21. LETTER OF CREDIT FACILITY................................................................E-32 ARTICLE III CHANGE IN CIRCUMSTANCES 3.1. YIELD PROTECTION..........................................................................E-34 3.2. CHANGES IN CAPITAL ADEQUACY REGULATIONS...................................................E-35 3.3. AVAILABILITY OF TYPES OF SYNDICATED ADVANCES..............................................E-35 3.4. FUNDING INDEMNIFICATION...................................................................E-35 3.5. MITIGATION; LENDER STATEMENTS; SURVIVAL OF INDEMNITY.....
Sample 1
The Syndicated Loans. (a) Subject to and upon the terms and conditions set forth herein, each Bank with a Commitment severally agrees, at any time from and including the Restatement Effective Date to but not including the Commitment Termination Date, to make loans (each, a "Syndicated Loan" and collectively, as the context requires, the "Syndicated Loans") to each Borrower in Dollars or any Agreed Foreign Currency, which Syndicated Loans (i) shall, at the option of such Borrower, be Base Rate Loans or Eurocurrency Rate Loans, provided that, except as otherwise specifically provided in Section 2.10(b), all Syndicated Loans comprising the same Borrowing shall at all times be of the same Type and Currency, and (ii) may be repaid, prepaid and reborrowed in accordance with the provisions hereof; provided, however, that the aggregate principal amount of Syndicated Loans outstanding from any Bank shall at no time exceed (after giving effect to the use of the proceeds of any Syndicated Loan then being made) an amount equal to (i) the Commitment of such Bank at such time less (ii) the sum of (x) an amount equal to the Face Amount of all outstanding Commercial Paper multiplied by such Bank's Participation Percentage and (y) an amount equal to the principal amount of all Unpaid Drawings multiplied by such Bank's Participation Percentage. More than one Borrowing may occur on the same date.
Sample 1
The Syndicated Loans. Each Bank severally and not jointly agrees, on the terms and conditions hereinafter set forth, to make Syndicated Loans in Dollars to the Company from time to time on any Business Day during the period from the date hereof until the Termination Date in an aggregate amount not to exceed at any time outstanding such Bank's Aggregate Pro Rata Share of the Tranche D Commitment as in effect from time to time (less, in the case of a Multicurrency Bank, the amount of such Multicurrency Bank's Multicurrency Revolver Pro Rata Share of the Tranche F Commitment). Each Syndicated Borrowing shall be in an aggregate amount equal to $5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Syndicated Loans of the same Type made on the same day by the Banks ratably according to their respective Domestic Revolver Pro Rata Shares. Within the limits of the Tranche D Commitment and subject to the terms of this Agreement, the Company may borrow, prepay pursuant to Section 5.08 and reborrow under this Section 5.01.
Sample 1

Related to The Syndicated Loans

  • Syndicated Loans Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans to the Borrower from time to time before the Termination Date; provided that,

  • Procedure for Advances of Revolving Credit Loans and Swingline Loans Section 2.4 Repayment and Prepayment of Revolving Credit and Swingline Loans

  • Related Loans (a) The Assuming Institution shall not manage, administer or collect any “Related Loan” in any manner which would have the effect of increasing the amount of any collections with respect to the Related Loan to the detriment of the Shared-Loss Asset to which such loan is related. A “

  • Committed Loans Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

  • Mandatory Prepayment of Loans (a) Subject to Section 2.06(c), on the date of receipt by the Borrower or any Restricted Subsidiary (or affiliate thereof) of any Net Cash Proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to such Net Cash Proceeds (together with any amounts due pursuant to Section 2.07 or Section 2.09); provided that the Borrower shall have no obligation to prepay the Loans (i) to the extent that such Net Cash Proceeds are attributable to a Disposition permitted by clauses (a), (c), (e), (f), (g), (h) and (j) of Section 7.04, (ii) to the extent that such Net Cash Proceeds for any Disposition are not in excess of $1,000,000 individually or $10,000,000 in the aggregate for all such Dispositions or (iii) with respect to any Casualty Event or any Disposition permitted pursuant to clause (k) (but only with respect to Dispositions of Core Assets that were acquired by the Borrower or any Restricted Subsidiary following the Availability Date (it being understood that any Net Cash Proceeds received from other Dispositions pursuant to clause (k) shall not be able to be reinvested pursuant to this clause (iii)) and clause (l) of Section 7.04, if, within 365 days after receipt of such Net Cash Proceeds, the Borrower uses such Net Cash Proceeds to purchase, or otherwise reinvests such Net Cash Proceeds in, Oil and Gas Interests useful in the business of the Credit Parties (in each case, as certified by the Borrower in a certificate of a Responsible Officer delivered to the Administrative Agent and the Lead Lender); provided further that, if all or any portion of such Net Cash Proceeds are not so reinvested within the time period specified (or such earlier date, if any, as the applicable Credit Party determines not to reinvest such Net Cash Proceeds as set forth above), such remaining portion shall be applied on the last date of such period (or such earlier date, as the case may be) as provided in this Section 2.06(a) without regard to this proviso.

  • Mandatory Prepayments of Loans If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans and Swing Line Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect. All amounts required to be paid pursuant to this Section 2.05(b) shall be applied first, ratably to the L/C Borrowings and the Swing Line Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations; and Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

  • Requests for Syndicated Borrowings To request a Syndicated Borrowing, the relevant Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Syndicated Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent and signed by the relevant Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:

  • Borrowings, Conversions and Continuations of Committed Loans (a) Each Committed Borrowing, each conversion of Committed Loans from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 1:00 p.m. (i) three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans, and (ii) on the requested date of any Borrowing of or conversion to Base Rate Committed Loans. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $10,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or conversion to Base Rate Committed Loans shall be in a principal amount of $10,000,000 or a whole multiple of $1,000,000 in excess thereof. Each Committed Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Committed Borrowing, a conversion of Committed Loans from one Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Committed Loans to be borrowed, converted or continued, (iv) the Type of Committed Loans to be borrowed or to which existing Committed Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of Committed Loan in a Committed Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Committed Loans shall be made as, or converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

  • Borrowing Mechanics for Revolving Loans (i) Except pursuant to Section 2.4(d), Revolving Loans that are Base Rate Loans shall be made in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount, Revolving Loans that are Eurodollar Rate Loans shall be in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!