Common use of U.S. Revolving Commitment Clause in Contracts

U.S. Revolving Commitment. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each U.S. Revolving Lender severally agrees to make available to Airgas such U.S. Revolving Lender’s Applicable Percentage of revolving credit loans requested by Airgas in U.S. Dollars (“U.S. Revolving Loans”) from time to time from the Closing Date until the Maturity Date, or such earlier date as the U.S. Revolving Commitments shall have been terminated as provided herein; provided, however, that the aggregate principal amount of outstanding U.S. Revolving Loans shall not exceed SIX HUNDRED FIFTY MILLION U.S. DOLLARS ($650,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 4.4, the “U.S. Revolving Committed Amount”); provided, further, (i) with regard to each U.S. Revolving Lender individually, such U.S. Revolving Lender’s outstanding U.S. Revolving Loans shall not exceed such U.S. Revolving Lender’s Applicable Percentage of the U.S. Revolving Committed Amount and (ii) with regard to the U.S. Revolving Lenders collectively, the aggregate principal amount of outstanding U.S. Revolving Loans plus the aggregate principal amount of outstanding U.S. Swingline Loans plus the aggregate U.S. LOC Obligations outstanding shall not exceed the U.S. Revolving Committed Amount. U.S. Revolving Loans may consist of U.S. Base Rate Loans or Eurocurrency Loans, or a combination thereof, as Airgas may request, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, that no more than eleven (11) Eurocurrency Loans which are U.S. Revolving Loans shall be outstanding hereunder at any time. For purposes hereof, Eurocurrency Loans with different Interest Periods shall be considered as separate Eurocurrency Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurocurrency Loan with a single Interest Period.

U.S. Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions hereof and in reliance upon hereof, the representations and warranties set forth herein, each U.S. Revolving Lender Lenders severally agrees agree to make available to Airgas such U.S. Revolving Lender’s Applicable Percentage of revolving credit loans requested by Airgas in U.S. Dollars (“U.S. Revolving Loans”) to the Company from time to time from the Closing Date until the Maturity Date, or such earlier date as the U.S. Revolving Commitments shall have been terminated as provided herein; provided, however, that the in an aggregate principal amount Dollar Amount of outstanding U.S. Revolving Loans shall not exceed SIX up to FOUR HUNDRED FIFTY MILLION U.S. DOLLARS ($650,000,000U.S.$450,000,000) less the aggregate amount of the Canadian Revolving Committed Amount from time to time (as such aggregate maximum amount may be increased or reduced from time to time as provided in accordance with Section 4.42.11, the “U.S. Revolving Committed Amount”); provided, furtherhowever, that after giving effect to any such U.S. Revolving Loans, (i) with regard to each U.S. the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of outstanding Revolving Lender individuallyLoans, such U.S. Swingline Loans and LOC Obligations shall not exceed the Aggregate Revolving Lender’s Committed Amount, (ii) the aggregate principal Dollar Amount of the outstanding U.S. Revolving Loans shall not exceed such U.S. Revolving Lender’s Applicable Percentage of the U.S. Revolving Committed Amount and (ii) with regard to the U.S. Revolving Lenders collectivelyLoans, the aggregate principal amount of outstanding U.S. Revolving Loans plus the aggregate principal amount of outstanding U.S. Swingline Loans plus the aggregate U.S. and LOC Obligations outstanding shall not exceed the U.S. Revolving Committed Amount, (iii) the aggregate principal Dollar Amount of any U.S. Revolving Lender’s U.S. Revolving Commitment Percentage of outstanding U.S. Revolving Loans, U.S. Swingline Loans and LOC Obligations shall not exceed its U.S. Revolving Commitment and (iv) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of Revolving Loans borrowed on the Closing Date shall not exceed U.S.$175,000,000. U.S. Revolving Loans may consist of U.S. Alternate Base Rate Loans or Eurocurrency LIBOR Rate Loans, or a combination thereof, as Airgas the Company may request, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, that no more than eleven (11) Eurocurrency Loans which are U.S. Revolving Loans made on the Closing Date or on any of the three (3) Business Days following the Closing Date may only consist of Alternate Base Rate Loans unless the Company executes a funding indemnity letter in form and substance reasonably satisfactory to the Administrative Agent. LIBOR Rate Loans denominated in U.S. Dollars shall be outstanding hereunder made by each U.S. Revolving Lender at any timeits LIBOR Lending Office. For purposes hereof, Eurocurrency Alternate Base Rate Loans with different Interest Periods shall be considered as separate Eurocurrency Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined made by each U.S. Revolving Lender at the end of existing Interest Periods to constitute a new Eurocurrency Loan with a single Interest Periodits Domestic Lending Office.

U.S. Revolving Commitment. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each U.S. Revolving Lender severally agrees to make available to Airgas such U.S. Revolving Lender’s Applicable U.S. Revolving Commitment Percentage of revolving credit loans requested by Airgas in U.S. Dollars (“U.S. Revolving Loans”) from time to time from the Closing Date until the Maturity Termination Date, or such earlier date as the U.S. Revolving Commitments shall have been terminated as provided hereinherein for the purposes hereinafter set forth; provided, however, that the aggregate principal amount of outstanding U.S. Revolving Loans shall not exceed SIX NINE HUNDRED FIFTY NINETY-ONE MILLION U.S. DOLLARS ($650,000,000991,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 4.4, the “U.S. Revolving Committed Amount”); provided, further, (i) with regard to each U.S. Revolving Lender individually, such U.S. Revolving Lender’s outstanding U.S. Revolving Loans shall not exceed such U.S. Revolving Lender’s Applicable U.S. Revolving Commitment Percentage of the U.S. Revolving Committed Amount and (ii) with regard to the U.S. Revolving Lenders collectively, the aggregate principal amount of outstanding U.S. Revolving Loans plus the aggregate principal amount of outstanding Competitive U.S. Loans plus the aggregate principal amount of outstanding U.S. Swingline Loans plus the aggregate U.S. LOC Obligations outstanding shall not exceed the U.S. Revolving Committed Amount. U.S. Revolving Loans may consist of U.S. Base Rate Loans or Eurocurrency Loans, or a combination thereof, as Airgas may request, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, that no more than eleven (11) Eurocurrency Loans which are U.S. Revolving Loans shall be outstanding hereunder at any time. For purposes hereof, Eurocurrency Loans with different Interest Periods shall be considered as separate Eurocurrency Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurocurrency Loan with a single Interest Period.

U.S. Revolving Commitment. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each U.S. Revolving Lender severally agrees to make available to Airgas such U.S. Revolving Lender’s Applicable Percentage of revolving credit loans requested by Airgas in U.S. Dollars (“U.S. Revolving Loans”) from time to time from the Closing Date until the Maturity Date, or such earlier date as the U.S. Revolving Commitments shall have been terminated as provided herein; provided, however, that the aggregate principal amount of outstanding U.S. Revolving Loans shall not exceed SIX EIGHT HUNDRED FIFTY SEVENTY-FIVE MILLION U.S. DOLLARS ($650,000,000875,000,000) (as such aggregate maximum amount may be increased or reduced from time to time as provided in Section 4.4, the “U.S. Revolving Committed Amount”); provided, further, (i) with regard to each U.S. Revolving Lender individually, the sum of such U.S. Revolving Lender’s (x) outstanding U.S. Revolving Loans plus (y) participations in outstanding U.S. LOC Obligations plus (z) participations in outstanding U.S. Swingline Loans shall not exceed such U.S. Revolving Lender’s Applicable Percentage of the U.S. Revolving Committed Amount and (ii) with regard to the U.S. Revolving Lenders collectively, the aggregate principal amount of outstanding U.S. Revolving Loans plus the aggregate principal amount of outstanding U.S. Swingline Loans plus the aggregate U.S. LOC Obligations outstanding shall not exceed the U.S. Revolving Committed Amount. U.S. Revolving Loans may consist of U.S. Base Rate Loans or Eurocurrency Loans, or a combination thereof, as Airgas may request, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, that no more than eleven fifteen (1115) Eurocurrency Loans which are U.S. Revolving Loans shall be outstanding hereunder at any time. For purposes hereof, Eurocurrency Loans with different Interest Periods shall be considered as separate Eurocurrency Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurocurrency Loan with a single Interest Period.

U.S. Revolving Commitment. Subject During the Commitment Period, subject to the terms and conditions hereof and in reliance upon hereof, the representations and warranties set forth herein, each U.S. Revolving Lender Lenders severally agrees agree to make available to Airgas such U.S. Revolving Lender’s Applicable Percentage of revolving credit loans requested by Airgas in U.S. Dollars (“U.S. Revolving Loans”) to the Company from time to time from the Closing Date until the Maturity Date, or such earlier date as the U.S. Revolving Commitments shall have been terminated as provided herein; provided, however, that the in an aggregate principal amount Dollar Amount of outstanding U.S. Revolving Loans shall not exceed SIX up to ONE BILLION, FOUR HUNDRED FIFTY SEVENTY-FIVE MILLION U.S. DOLLARS ($650,000,000U.S.$1,475,000,000) less the aggregate amount of the Canadian Revolving Committed Amount from time to time (as such aggregate maximum amount may be increased or reduced from time to time as provided in accordance with Section 4.42.11, the “U.S. Revolving Committed Amount”); provided, furtherhowever, that after giving effect to any such U.S. Revolving Loans, (i) with regard to each U.S. the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of outstanding Revolving Lender individuallyLoans, such U.S. Swingline Loans and LOC Obligations shall not exceed the Aggregate Revolving Lender’s Committed Amount, (ii) the aggregate principal Dollar Amount of the outstanding U.S. Revolving Loans shall not exceed such U.S. Revolving Lender’s Applicable Percentage of the U.S. Revolving Committed Amount and (ii) with regard to the U.S. Revolving Lenders collectivelyLoans, the aggregate principal amount of outstanding U.S. Revolving Loans plus the aggregate principal amount of outstanding U.S. Swingline Loans plus the aggregate U.S. and LOC Obligations outstanding shall not exceed the U.S. Revolving Committed Amount, (iii) the aggregate principal Dollar Amount of any U.S. Revolving Lender’s U.S. Revolving Commitment Percentage of outstanding U.S. Revolving Loans, U.S. Swingline Loans and LOC Obligations shall not exceed its U.S. Revolving Commitment and (iv) on the Closing Date only, after giving effect to the aggregate principal Dollar Amount of Revolving Loans borrowed on the Closing Date, the Borrowers shall have Availability of at least US$400,000,000. U.S. Revolving Loans may consist of U.S. Alternate Base Rate Loans or Eurocurrency LIBOR Rate Loans, or a combination thereof, as Airgas the Company may request, and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, that no more than eleven (11) Eurocurrency Loans which are U.S. Revolving Loans made on the Closing Date or on any of the three (3) Business Days following the Closing Date may only consist of Alternate Base Rate Loans unless the Company executes a funding indemnity letter in form and substance reasonably satisfactory to the Administrative Agent. LIBOR Rate Loans denominated in U.S. Dollars shall be outstanding hereunder made by each U.S. Revolving Lender at any timeits LIBOR Lending Office. For purposes hereof, Eurocurrency Alternate Base Rate Loans with different Interest Periods shall be considered as separate Eurocurrency Loans, even if they begin on the same date, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined made by each U.S. Revolving Lender at the end of existing Interest Periods to constitute a new Eurocurrency Loan with a single Interest Periodits Domestic Lending Office.