Common use of The U.S. Revolving Credit Borrowings Clause in Contracts

The U.S. Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each U.S. Revolving Credit Lender severally agrees to make loans (each such loan, a “U.S. Revolving Credit Loan”) in U.S. Dollars to the U.S. Borrowers, 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 U.S. Revolving Credit Commitment; provided that, after giving effect to any U.S. Revolving Credit Borrowing, (i) the Total Revolving Credit Outstandings at such time shall not exceed the U.S. Revolving Credit Facility at such time and (ii) the aggregate Outstanding Amount of the U.S. Revolving Credit Loans of any U.S. Revolving Credit Lender, plus such Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all U.S. L/C Obligations, plus such Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all U.S. Swing Line Loans shall not exceed such Lender’s U.S. Revolving Credit Commitment. Within the limits of each U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment, and subject to the other terms and conditions hereof, the U.S. Borrowers may borrow under this Section 2.01(b), prepay under Section 2.06, and reborrow under this Section 2.01(b). U.S. Revolving Credit Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Ipsco Inc)

AutoNDA by SimpleDocs

The U.S. Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each U.S. Revolving Credit Lender severally agrees to make loans (each such loan, a “U.S. Revolving Credit Loan”) in U.S. Dollars to the U.S. Borrowers, Borrowers in Dollars 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 U.S. Revolving Credit Commitment; provided thatprovided, however, that after giving effect to any U.S. Revolving Credit Borrowing, (i) the Total U.S. Revolving Credit Outstandings at such time shall not exceed the U.S. Revolving Credit Facility at such time Facility, and (ii) the aggregate Outstanding Amount of the U.S. Revolving Credit Loans of any U.S. Revolving Credit Lender, plus such Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all U.S. L/C Obligations, plus such Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all U.S. Swing Line Loans Exposure shall not exceed such U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment. Within the limits of each U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment, and subject to the other terms and conditions hereof, the U.S. Borrowers may borrow under this Section 2.01(b2.01(d), prepay under Section 2.062.05, and reborrow under this Section 2.01(b2.01(d). U.S. Revolving Credit Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. In the event that the Restatement Date shall not have occurred on or prior to the Termination Date, each U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment shall automatically expire, and each U.S. Revolving Credit Lender shall have no further obligation to make U.S. Revolving Credit Loans.

Appears in 1 contract

Samples: Credit Agreement (Arris Group Inc)

The U.S. Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each U.S. Revolving Credit Lender severally agrees to make loans (each such loan, a “U.S. Revolving Credit Loan”) in U.S. Dollars to the U.S. Borrowers, Company in Dollars 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 U.S. Revolving Credit Commitment; provided thatprovided, however, that after giving effect to any U.S. Revolving Credit Borrowing, (i) the Total U.S. Revolving Credit Outstandings at such time shall not exceed the U.S. Revolving Credit Facility at such time and (ii) the aggregate Outstanding Amount of the U.S. Revolving Credit Loans of any Lender, plus such U.S. Revolving Credit Lender, plus such Lender’s Applicable U.S. Revolving Credit Percentage of the Outstanding Amount of all U.S. L/C Obligations, plus such U.S. Revolving Credit Lender’s Applicable U.S. Revolving Credit Percentage of the Outstanding Amount of all U.S. Swing Line Loans shall not exceed such U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment. Within the limits of each U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment, and subject to the other terms and conditions hereof, the U.S. Borrowers Company may borrow under this Section 2.01(b2.01(a), prepay under Section 2.062.05, and reborrow under this Section 2.01(b2.01(a). U.S. Revolving Credit Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Keurig Green Mountain, Inc.)

The U.S. Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each U.S. Revolving Credit Lender severally agrees to make loans (each such loan, a “U.S. Revolving Credit Loan”) in U.S. Dollars to the U.S. Borrowers, Borrowers in Dollars 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 U.S. Revolving Credit Commitment; provided thatprovided, however, that after giving effect to any U.S. Revolving Credit Borrowing, (i) the Total U.S. Revolving Credit Outstandings at such time shall not exceed the U.S. Revolving Credit Facility at Facility, (ii) the U.S. Revolving Credit Exposure shall not exceed such time U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment and (iiiii) the aggregate Outstanding Amount of the U.S. all Revolving Credit Loans of any U.S. Revolving Credit Lender, plus such Lender’s Applicable Revolving Credit Percentage of made to the Outstanding Amount of all U.S. L/C Obligations, plus such Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all U.S. Swing Line Loans Designated Borrowers shall not exceed such Lender’s U.S. Revolving Credit Commitmentthe Designated Borrower Sublimit. Within the limits of each U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment, and subject to the other terms and conditions hereof, the U.S. Borrowers may borrow under this Section 2.01(b2.01(c), prepay under Section 2.062.05, and reborrow under this Section 2.01(b2.01(c). U.S. Revolving Credit Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. In the event that the Initial Borrowing Date shall not have occurred on or prior to the Termination Date, each U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment shall automatically expire, and each U.S. Revolving Credit Lender shall have no further obligation to make U.S. Revolving Credit Loans.

Appears in 1 contract

Samples: Credit Agreement (Arris Group Inc)

AutoNDA by SimpleDocs

The U.S. Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, each U.S. Revolving Credit Lender severally agrees to make loans (each such loan, a “U.S. Revolving Credit Loan”) in U.S. Dollars to the U.S. Borrowers, Borrowers in Dollars 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 U.S. Revolving Credit Commitment; provided thatprovided, however, that after giving effect to any U.S. Revolving Credit Borrowing, (i) the Total U.S. Revolving Credit Outstandings at such time shall not exceed the U.S. Revolving Credit Facility at such time Facility, and (ii) the aggregate Outstanding Amount of the U.S. Revolving Credit Loans of any U.S. Revolving Credit Lender, plus such Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all U.S. L/C Obligations, plus such Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all U.S. Swing Line Loans Exposure shall not exceed such U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment. Within the limits of each U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment, and subject to the other terms and conditions hereof, the U.S. Borrowers may borrow under this Section 2.01(b2.01(d), prepay under Section 2.062.05, and reborrow under this Section 2.01(b2.01(d). U.S. Revolving Credit Loans may be Base Rate Loans or Eurodollar Eurocurrency Rate Loans, as further provided herein. In the event that the Closing Date shall not have occurred on or prior to the Termination Date, each U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment shall automatically expire, and each U.S. Revolving Credit Lender shall have no further obligation to make U.S. Revolving Credit Loans.

Appears in 1 contract

Samples: Credit Agreement (Arris Group Inc)

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