Common use of Working Capital Revolving Loans Clause in Contracts

Working Capital Revolving Loans. Each Domestic Lender severally agrees, subject to the limitations set forth below with respect to the maximum amount of Working Capital Revolving Loans permitted to be outstanding from time to time, to lend to Company from time to time during the period from the Closing Date to but excluding the Commitment Termination Date an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Working Capital Revolving Loan Commitment to be used for the purposes identified in subsection 2.5A. The original amount of each Domestic Lender's Working Capital Revolving Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate original amount of the Working Capital Revolving Loan Commitment is $10,000,000; provided that the Working Capital Revolving Loan Commitments of Domestic Lenders shall be adjusted to give effect to any assignments of the Working Capital Revolving Loan Commitments pursuant to subsection 10.1B; and provided, further that the amount of the Working Capital Revolving Loan Commitments shall be reduced from time to time by the amount of any reductions thereto made pursuant to subsections 2.4C(ii) and 2.4C(iii). Each Domestic Lender's Working Capital Revolving Loan Commitment shall expire on the Commitment Termination Date and all Working Capital Revolving Loans and all other amounts owed hereunder with respect to the Working Capital Revolving Loans and the Working Capital Revolving Loan Commitments shall be paid in full no later than that date; provided that each Lender's Working Capital Revolving Loan Commitment shall expire immediately and without further action on January 31, 1998 if the initial Working Capital Revolving Loans are not made on or before that date. Amounts borrowed under this subsection 2.1A(i) may be repaid and reborrowed to but excluding the Commitment Termination Date. Anything contained in this Agreement to the contrary notwithstanding, Working Capital Revolving Loans and the Working Capital Revolving Loan Commitments shall be subject to the following limitations:

Appears in 1 contract

Samples: Credit Agreement (Hines Holdings Inc)

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Working Capital Revolving Loans. Each Domestic Lender severally agrees, ------------------------------- subject to the limitations set forth below with respect to the maximum amount of Working Capital Revolving Loans permitted to be outstanding from time to time, to lend to Company from time to time during the period from the Closing Date to but excluding the Revolving Loan Commitment Termination Date an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Working Capital Revolving Loan Commitment Commitments to be used for the purposes identified in subsection 2.5A. 2.5C. The original amount of each Domestic Lender's Working Capital Revolving Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto ------------ and the aggregate original amount of the Working Capital Revolving Loan Commitment Commitments is $10,000,000100,000,000; provided that the Working Capital Revolving -------- Loan Commitments of Domestic Lenders shall be adjusted to give effect to any assignments of the Working Capital Revolving Loan Commitments pursuant to subsection 10.1B; and provided, further that the amount of the Working -------- ------- Capital Revolving Loan Commitments shall be reduced from time to time by the amount of any reductions thereto made pursuant to subsections 2.4C(ii2.4B(ii) and 2.4C(iii2.4B(iii). Each Domestic Lender's Working Capital Revolving Loan Commitment shall expire on the Revolving Loan Commitment Termination Date and all Working Capital Revolving Loans and all other amounts owed hereunder with respect to the Working Capital Revolving Loans and the Working Capital Revolving Loan Commitments shall be paid in full no later than that date; provided that each Lender's Working Capital Revolving Loan Commitment shall -------- expire immediately and without further action on January July 31, 1998 if the initial Working Capital Revolving Domestic Term Loans are not purchased or made on or before that date. Amounts borrowed under this subsection 2.1A(i2.1A(iv) may be repaid and reborrowed to but excluding the Revolving Loan Commitment Termination Date. Anything contained in this Agreement to the contrary notwithstanding, the Working Capital Revolving Loans and the Working Capital Revolving Loan Commitments shall be subject to the following limitations:limitation that

Appears in 1 contract

Samples: Credit Agreement (Hines Holdings Inc)

Working Capital Revolving Loans. Each Domestic Lender severally agrees, ------------------------------- subject to the limitations set forth below with respect to the maximum amount of Working Capital Revolving Loans permitted to be outstanding from time to time, to lend to Company from time to time during the period from the Closing Date to but excluding the Revolving Loan Commitment Termination Date an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Working Capital Revolving Loan Commitment Commitments to be used for the purposes identified in subsection 2.5A. 2.5C. The original amount of each Domestic Lender's Working Capital Revolving Loan Commitment as of the First Amendment Effective Date is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate original ------------ amount of the Working Capital Revolving Loan Commitment Commitments as of the First Amendment Effective Date is $10,000,000115,000,000; provided that the -------- Working Capital Revolving Loan Commitments of Domestic Lenders shall be adjusted to give effect to any assignments of the Working Capital Revolving Loan Commitments pursuant to subsection 10.1B; and provided, -------- further that the amount of the Working Capital Revolving Loan ------- Commitments shall be reduced from time to time by the amount of any reductions thereto made pursuant to subsections 2.4C(ii2.4B(ii) and 2.4C(iii2.4B(iii). Each Domestic Lender's Working Capital Revolving Loan Commitment shall expire on the Revolving Loan Commitment Termination Date and all Working Capital Revolving Loans and all other amounts owed hereunder with respect to the Working Capital Revolving Loans and the Working Capital Revolving Loan Commitments shall be paid in full no later than that date; provided that each Lender's Working Capital Revolving Loan -------- Commitment shall expire immediately and without further action on January July 31, 1998 if the initial Working Capital Revolving Domestic Term Loans are not purchased or made on or before that date. Amounts borrowed under this subsection 2.1A(i2.1A(iv) may be repaid and reborrowed to but excluding the Revolving Loan Commitment Termination Date. Anything contained in this Agreement to the contrary notwithstanding, the Working Capital Revolving Loans and the Working Capital Revolving Loan Commitments shall be subject to the following limitations:limitation that

Appears in 1 contract

Samples: Credit Agreement (Hines Horticulture Inc)

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Working Capital Revolving Loans. Each Domestic Lender severally agrees, ------------------------------- subject to the limitations set forth below with respect to the maximum amount of Working Capital Revolving Loans permitted to be outstanding from time to time, to lend to Company from time to time during the period from the Closing Date to but excluding the Revolving Loan Commitment Termination Date an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Working Capital Revolving Loan Commitment Commitments to be used for the purposes identified in subsection 2.5A. 2.5C. The original amount of each Domestic Lender's Working Capital Revolving Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate original amount ------------ of the Working Capital Revolving Loan Commitment Commitments is $10,000,000100,000,000; provided -------- that the Working Capital Revolving Loan Commitments of Domestic Lenders shall be adjusted to give effect to any assignments of the Working Capital Revolving Loan Commitments pursuant to subsection 10.1B; and provided, further that -------- ------- the amount of the Working Capital Revolving Loan Commitments shall be reduced from time to time by the amount of any reductions thereto made pursuant to subsections 2.4C(ii2.4B(ii) and 2.4C(iii2.4B(iii). Each Domestic Lender's Working Capital Revolving Loan Commitment shall expire on the Revolving Loan Commitment Termination Date and all Working Capital Revolving Loans and all other amounts owed hereunder with respect to the Working Capital Revolving Loans and the Working Capital Revolving Loan Commitments shall be paid in full no later than that date; provided that each Lender's Working -------- Capital Revolving Loan Commitment shall expire immediately and without further action on January July 31, 1998 if the initial Working Capital Revolving Domestic Term Loans are not purchased or made on or before that date. Amounts borrowed under this subsection 2.1A(i2.1A(iv) may be repaid and reborrowed to but excluding the Revolving Loan Commitment Termination Date. Anything contained in this Agreement to the contrary notwithstanding, the Working Capital Revolving Loans and the Working Capital Revolving Loan Commitments shall be subject to the following limitations:limitation that

Appears in 1 contract

Samples: Credit Agreement (Hines Horticulture Inc)

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