Working Capital Loan Commitments Clause Samples
Working Capital Loan Commitments. (i) Subject to the terms and conditions of this Agreement and relying on the representations and warranties set forth herein, each Working Capital Lender severally agrees to make Working Capital Advances to the Borrower, during the Working Capital Loan Availability Period on any Working Capital Loan Funding Date, in an amount equal to its Pro Rata Share of the Working Capital Loan requested to be made on such date, but in no event shall the sum of (x) any Working Capital Advance made by any Working Capital Lender as of any date, plus (y) the aggregate principal amount of Working Capital Advances previously made by such Working Capital Lender that remain outstanding and unpaid as of such date, plus (z) such Working Capital Lender's ConEd Letter of Credit Exposure on such date, exceed such Working Capital Lender's Working Capital Loan Commitment. As of any date, the aggregate amount of all Working Capital Advances made by all Working Capital Lenders hereunder and that remain outstanding and unpaid from time to time plus the aggregate amount of all ConEd Letter of Credit Exposure on such date, shall not in any event exceed the Maximum Working Capital Loan Amount. Unless earlier terminated in accordance herewith, the Working Capital Loan Commitments shall terminate in their entirety on the Final Maturity Date. Subject to the terms hereof, Working Capital Loans that are repaid prior to the Final Maturity Date may be reborrowed.
(ii) The failure of any Working Capital Lender to make a Working Capital Advance to be made by it as part of any Working Capital Loan shall not relieve, in and of itself, any other Working Capital Lender of its obligation hereunder to make its Working Capital Advance on the date of such Working Capital Loan, but no Working Capital Lender shall be responsible for the failure of any other Working Capital Lender to make the Working Capital Advance to be made by such other Working Capital Lender on the date of such Working Capital Loan.
Working Capital Loan Commitments. Upon the terms, subject to the conditions and in reliance upon the representations and warranties of Borrower set forth in this Agreement and in the other Credit Documents, each Working Capital Lender severally agrees, in accordance with this SECTION 2, to make Working Capital Loans to Borrower (a "Working Capital Loan and collectively, the "Working Capital Loans"), in such Lender's Working Capital Loan Commitment Percentage of each borrowing of Working Capital Loans from time to time during the Working Capital Loan Commitment Period on a revolving basis in an aggregate
Working Capital Loan Commitments. During the Working Capital Availability Period, on the terms and subject to the conditions of this Agreement and in reliance upon the representations, warranties and covenants of Borrower contained herein, each Working Capital Lender severally agrees to make one or more Working Capital Loans to Borrower on one or more Working Capital Loan Funding Dates in an amount not exceeding its Pro Rata Share of the Aggregate Working Capital Loan Commitment.
Working Capital Loan Commitments. Subject to the terms and conditions -------------------------------- hereof, and provided that no Default or Event of Default shall have occurred and be continuing, each Bank severally agrees to make Working Capital Loans to the Company, from time to time during the Commitment Period, in an aggregate principal amount at any one time outstanding not to exceed the amount of such Bank's Available Working Capital Loan Commitment. During the Commitment Period, the Company may use the Working Capital Loan Commitments by borrowing, prepaying the Working Capital Loans in whole or in part, and reborrowing in accordance with the terms and conditions hereof.
Working Capital Loan Commitments. On the terms and subject to the conditions of this Financing Agreement and in reliance upon the representations, warranties and covenants of the Borrower contained herein, each Revolving Credit Lender severally agrees to make one or more Working Capital Loans to the Borrower on one or more Working Capital Loan Funding Dates in an amount not exceeding its Pro Rata Share of the Aggregate Working Capital Loan Commitment. At no time may the aggregate amount of outstanding Working Capital Loans exceed the Aggregate Working Capital Loan Commitment and at no time may the Aggregate Revolving Credit Exposure exceed the Aggregate Revolving Credit Commitment.
Working Capital Loan Commitments. Subject to the terms and conditions -------------------------------- hereof, and provided that no Default or Event of Default shall have occurred and be continuing, each Bank severally agrees to make Working Capital Loans to the Company, from time to time during the Commitment Period, in an aggregate principal amount at any one time outstanding not to exceed the amount of such Bank's Available Working Capital Loan Commitment. During the Commitment Period, the Company may use the Working Capital Loan Commitments by borrowing, prepaying the Working Capital Loans in whole or in part, and reborrowing in accordance with the terms and conditions hereof.