Common use of U.S. Committed Loans Clause in Contracts

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

Appears in 3 contracts

Samples: Credit Agreement (Devon Energy Corp/De), Credit Agreement (Devon Energy Corp/De), Credit Agreement (Devon Energy Corp/De)

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U.S. Committed Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans in U.S. Dollars (each such loan, a “U.S. "US Committed Loan") to the U.S. US 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 the U.S. US Commitment of such Lender; provided, however, that after giving effect to any U.S. US Committed Borrowing, (i) the Total U.S. US Outstandings shall not exceed the Aggregate U.S. US Commitments, and (ii) the aggregate Outstanding Amount of the U.S. US Committed Loans of any Lender, plus such Lender’s 's Pro Rata Share of the Outstanding Amount of all U.S. US L/C Obligations, plus such Lender’s 's Pro Rata Share of the Outstanding Amount of all U.S. US Swing Line Loans shall not exceed the U.S. US Commitment of such Lender. Within the limits of the U.S. US Commitment of each Lender, and subject to the other terms and conditions hereof, the U.S. US Borrower may borrow under this Section 2.01, prepay under Section 2.06, and reborrow under this Section 2.01. U.S. US Committed Loans may be U.S. US Base Rate Committed Loans or U.S. US Eurodollar Rate Committed Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp/De)

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

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp/De)

U.S. Committed Loans. Subject to the terms and conditions set forth herein, each U.S. Lender severally agrees to make loans in U.S. Dollars (each such loanloan a, a “" U.S. Committed Loan") to the U.S. Borrower from time to time, on any U.S. Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the such U.S. Commitment of such Lender's U.S. Commitment; provided, however, that after giving effect to any U.S. Committed Borrowing, (i) the Total U.S. Outstandings shall not exceed the lesser of (x) the Aggregate U.S. Commitments, or (y) the U.S. Borrowing Base, and (ii) the aggregate Outstanding Amount of the U.S. Committed Loans of any U.S. Lender, plus such U.S. Lender’s Pro Rata Share 's Applicable Percentage of the Outstanding Amount of all U.S. L/C Obligations, plus such Lender’s Pro Rata Share 's Applicable Percentage of the Outstanding Amount of all U.S. Swing Line Loans shall not exceed the such U.S. Commitment of such Lender's U.S. Commitment. Within the limits of the each U.S. Commitment of each Lender's U.S. Commitment, and subject to the other terms and conditions hereof, the U.S. Borrower may borrow under this Section 2.012.01(a), prepay under Section 2.06, and reborrow under this Section 2.012.01(a). U.S. Committed Loans shall be denominated in U.S. Dollars and may be U.S. comprised of Base Rate Committed Loans or U.S. Eurodollar Rate Committed Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Castle a M & Co)

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U.S. Committed Loans. Subject to the terms and conditions set forth herein, each U.S. Lender severally agrees to make loans in U.S. Dollars (each such loan, a “U.S. Committed Loan”) to each U.S. Borrower in Dollars or in one or more Alternative Currencies of the U.S. Borrower Tranche, subject to Section 2.2, from time to time, on any Business Day during the Availability Period, under the U.S. Tranche, in an aggregate amount not to exceed at any time outstanding the amount of the such U.S. Commitment of such Lender’s U.S. Commitment; provided, however, provided that after giving effect to any U.S. Committed Borrowing, (ia) the U.S. Total U.S. Outstandings shall not exceed the U.S. Aggregate U.S. Commitments, Commitments and (iib) the aggregate Outstanding Amount of the U.S. Committed Loans Credit Exposure of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all U.S. L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all U.S. Swing Line Loans Lender shall not exceed the such U.S. Commitment of such Lender’s U.S. Commitment. Within the limits of the each U.S. Commitment of each Lender’s U.S. Commitment, and subject to the other terms and conditions hereof, the U.S. Borrower Borrowers may borrow under this Section 2.012.1, prepay under Section 2.06, 2.6 and reborrow under this Section 2.012.1. U.S. Committed Loans denominated in Dollars may be U.S. Base Rate Loans or Eurocurrency Rate Loans, and U.S. Committed Loans or U.S. Eurodollar denominated in any Alternative Currency may be Eurocurrency Rate Committed Loans, as further provided herein.

Appears in 1 contract

Samples: Global Senior Credit Agreement (Prologis)

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