The Terms of the Credit Facility Sample Clauses

The Terms of the Credit Facility. Establishment of the Credit Facility. On the Closing Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Administrative Agent, the Lenders, the Swing Line Lender and each LC Issuer agree to establish the Credit Facility for the benefit of the Borrower; provided, however, that at no time will (i) the Aggregate Credit Facility Exposure exceed the Total Credit Facility Amount, or (ii) the Credit Facility Exposure of any Lender exceed the aggregate amount of such Lender’s Commitment.
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The Terms of the Credit Facility. Section 2.01 Establishment of the Credit Facility 54 Section 2.02 [Reserved] 54 Section 2.03 Term Loans 54 Section 2.04 [Reserved] 55
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The Terms of the Credit Facility. Section 2.01 Establishment of the Credit Facilities 61 Section 2.02 Revolving Facility 61 Section 2.03 Term Loans 61 Section 2.04 [Reserved.] 62 Section 2.05 Letters of Credit 62 Section 2.06 Notice of Borrowing 65 Section 2.07 Funding Obligations; Disbursement of Funds 66 Section 2.08 Evidence of Obligations 67 Section 2.09 Interest; Default Rate 67 Section 2.10 Conversion and Continuation of Loans 70 Section 2.11 Fees 71 Section 2.12 Termination and Reduction of Revolving Commitments 72 Section 2.13 Voluntary, Scheduled and Mandatory Prepayments of Loans 72 Section 2.14 Method and Place of Payment 77 Section 2.15 Defaulting Lenders 77 Section 2.16 Cash Collateral 79 Section 2.17 Increase in Commitments 80 Section 2.18 Revolving Loan Maturity Extension 82 Section 2.19 Term Loan Amend and Extend Transactions 83 Section 2.20 Refinancing Term Loans 85 Section 2.21 Replacement Revolving Commitments 86 Section 2.22 956 Savings 88 Section 3.01 Increased Costs, Illegality, etc. 88 Section 3.02 Breakage Compensation 90 Section 3.03 Net Payments 90 Section 3.04 Increased Costs to LC Issuers 94 Section 3.05 Change of Lending Office; Replacement of Lenders 94 Section 3.06 Exchange Indemnification and Increased Costs 95
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The Terms of the Credit Facility. Section 2.01 Establishment of the Credit Facility 4445 Section 2.02 Revolving Facility 4446 Section 2.03 [Reserved] 4546
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The Terms of the Credit Facility. Section 2.01 Establishment of the Credit Facilities 61 Section 2.02 Revolving Facility 61 Section 2.03 Term Loans 61 Section 2.04 [Reserved.] 62 Section 2.05 Letters of Credit 62 Section 2.06 Notice of Borrowing 6566 Section 2.07 Funding Obligations; Disbursement of Funds 66 Section 2.08 Evidence of Obligations 67 Section 2.09 Interest; Default Rate 6768 Section 2.10 Conversion and Continuation of Loans 70 Section 2.11 Fees 71 Section 2.12 Termination and Reduction of Revolving Commitments 72 Section 2.13 Voluntary, Scheduled and Mandatory Prepayments of Loans 7273 Section 2.14 Method and Place of Payment 7778 Section 2.15 Defaulting Lenders 7778 Section 2.16 Cash Collateral 7980 Section 2.17 Increase in Commitments 8081 Section 2.18 Revolving Loan Maturity Extension 8283
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The Terms of the Credit Facility. Section 2.01 Establishment of the Credit Facility 22 Section 2.02 Revolving Facility. 22 Section 2.03 Swing Line Facility Section 2.04 Letters of Credit 25 Section 2.05 Notice of Borrowing 29 Section 2.06 Funding Obligations; Disbursement of Funds. 30 Section 2.07 Evidence of Obligations Section 2.08 Interest; Default Rate Section 2.09 Conversion and Continuation of Loans 33 Section 2.10 Fees Section 2.11 Termination and Reduction of Revolving Commitments Section 2.12 Voluntary, Scheduled and Mandatory Prepayments of Loans Section 2.13 Method and Place of Payment 36
Sample 1
The Terms of the Credit Facility. Section 2.01 Establishment of the Credit Facility Section 2.02 Revolving Facility Section 2.03 Swing Line Facility Section 2.04 Letters of Credit Section 2.05 Notice of Borrowing Section 2.06 Funding Obligations; Disbursement of Funds. Section 2.07 Evidence of Obligations Section 2.08 Interest; Default Rate Section 2.09 Conversion and Continuation of Loans
Sample 1
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The Terms of the Credit Facility. Section 2.01 Establishment of the Credit Facility. On the Closing Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Lender agrees to establish the Credit Facility for the benefit of the Borrowers; provided, however, that at no time will the Revolving Facility Exposure exceed the Total Credit Facility Amount.
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The Terms of the Credit Facility 
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Related to The Terms of the Credit Facility

  • Amount and Terms of the Credit Facility 2.1. The Commitments; Increase in Total Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that will not result in such Lender's Exposure exceeding such Lender's Commitment. During the Commitment Period the Borrower may use the Commitments by borrowing, prepaying the Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary in this Agreement, in no event may Loans be borrowed under this Section 2 if, after giving effect thereto, the aggregate principal amount of the Total Exposures at such time would exceed the Total Commitments then in effect. The Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.6. (b) In the event that the Borrower wishes from time to time to increase the Total Commitments, it shall notify the Administrative Agent in writing of the amount (the "Commitment Increase Amount") of such proposed increase (such notice, a "Commitment Increase Notice"), and the Administrative Agent shall notify each Lender of such proposed increase. The Borrower may, at its election (i) offer one or more of the Lenders the opportunity to participate in all or a portion of the Commitment Increase Amount pursuant to paragraph (d) below and/or (ii) with the consent of the Administrative Agent and the Issuing Lender (which consent shall not be unreasonably withheld or delayed), offer one or more additional banks, financial institutions or other entities the opportunity to participate in all or a portion of the Commitment Increase Amount pursuant to paragraph (c) below. Each Commitment Increase Notice shall specify which Lenders and/or banks, financial institutions or other entities the Borrower desires to participate in such Commitment increase. The Borrower or, if requested by the Borrower, the Administrative Agent, will notify such Lenders and/or banks, financial institutions or other entities of such offer. Each Commitment Increase Amount shall be at least $50,000,000. (c) Any additional bank, financial institution or other entity which the Borrower selects to offer participation in the increased Commitments and which elects to become a party to this Agreement and provide a Commitment in an amount so offered and accepted by it pursuant to Section 2.1(b)

  • The Credit Facility 2.1 The Revolving Credit Facility Each Lender severally agrees, on the terms and conditions set forth herein, to make loans to the Borrower (each such loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with the principal amount of Term Loans outstanding in favor of such Lender at such time, the amount set forth next to such Lender’s name on Schedule 1 (such amount together with the Lender’s Pro Rata Share of the Term Commitment, as the same may be reduced under Section 2.10 or as a result of one or more assignments under Section 10.8, the Lender’s “Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the Effective Amount of all outstanding Revolving Loans shall not at any time exceed the combined Commitments; and provided further that the Effective Amount of the Revolving Loans, together with all Term Loans outstanding at such time, of any Lender shall not at any time 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 2.1, prepay under Section 3.3 and reborrow under this Section 2.1.

  • The Credit Facilities Section 2.1 The Revolving Credit Facility.

  • Amendment of the Credit Agreement Effective as of the Amendment Effective Date, the Credit Agreement is hereby amended as follows: (a) The following definitions are added in the appropriate alphabetical order to Section 1.01 of the Credit Agreement:

  • 01 of the Credit Agreement Section 1.01 of the Credit Agreement is hereby amended as follows:

  • of the Credit Agreement Section 8.2.4 of the Credit Agreement is hereby amended as follows:

  • Amounts and Terms of the Advances and Letters of Credit SECTION 2.01. The Advances and Letters of Credit.

  • Continuing Effect of the Credit Agreement This Amendment shall not constitute a waiver of any provision not expressly referred to herein and shall not be construed as a consent to any action on the part of the Borrowers or Guarantors that would require a waiver or consent of the Lenders or an amendment or modification to any term of the Loan Documents except as expressly stated herein. Except as expressly modified hereby, the provisions of the Credit Agreement and the Loan Documents are and shall remain in full force and effect.

  • Amount and Terms of the Commitments Section 2.1. General Description of Facilities

  • Amendments to the Credit Agreement (a) Section 1.01 of the Credit Agreement, Definitions, is hereby amended by adding the following definitions in the appropriate alphabetical order:

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