Loans and Letters of Credit Sample Clauses

Loans and Letters of Credit. On the Closing Date:

Loans and Letters of Credit. 2.1 [Reserved].

Loans and Letters of Credit. 44 Section 2.1 Revolving Loans and Term Loan A.................................................................... 44 Section 2.2 Swingline Loans ................................................................................................. 48 Section 2.3 Issuances of Letters of Credit and Purchase of Participations Therein .............

Loans and Letters of Credit. Subject to all of the terms and conditions contained in this Agreement, the Agent and the Lenders severally and not jointly agree to make the following extensions of credit to or for the benefit of Borrower:

Loans and Letters of Credit. Each Revolving Loan advance, each payment or prepayment of principal of any Revolving Loan (other than Swingline Loans) or reimbursement obligations arising from drawings under Letters of Credit, each payment of interest on the Revolving Loans or reimbursement obligations arising from drawings under Letters of Credit, each payment of Unused Fees, each payment of the Standby Letter of Credit Fee, each reduction of the Aggregate Revolving Committed Amount and each conversion or extension of any Revolving Loan (other than Swingline Loans), shall be allocated pro rata among the Lenders in accordance with the respective Revolving Commitment Percentages.

Loans and Letters of Credit. (a) Each Bank severally agrees, on the terms of this Agreement, to make Loans to the Company during the period from and including (i) the Closing Date or (ii) such later date that such Bank becomes a party to this Agreement as provided in Section 12.06(b), to and up to, but excluding the Maturity Date in an aggregate principal amount at any one time outstanding up to but not exceeding an amount equal to (x) the amount of such Bank's Commitment as then in effect minus (y) such Bank's Percentage Share of the Aggregate LC Exposure then existing; provided, however, that the aggregate principal amount of all such Loans by all Banks hereunder at any one time outstanding together with the Aggregate LC Exposure then existing shall not exceed the Aggregate Commitments as then in effect. Subject to the terms of this Agreement, during the period from the Closing Date to and up to, but excluding the Maturity Date, the Company may borrow, repay and reborrow the amount described in this Section 2.01(a). (b) During the period from and including the Closing Date to but excluding the date that is four Business Days prior to the Maturity Date, the Agent, as issuing bank for the Banks, agrees to extend credit for the account of the Company at any time and from time to time by issuing, renewing, extending or reissuing Letters of Credit; provided however, the Aggregate LC Exposure at any one time outstanding shall not exceed the lesser of (A) $35,000,000 or (B) the Aggregate Commitments, as then in effect, minus the aggregate principal amount of all Loans then outstanding. The Banks shall automatically participate in such Letters of Credit according to their respective Percentage Shares. (c) Subject to the other terms and provisions of this Agreement, at the option of the Company, the Loans may be Base Rate Loans or Eurodollar Loans; provided that, without the prior written consent of the Majority Banks, no more than six (6) Eurodollar Loans may be outstanding at any time; and provided further that until January 31, 2001 only the Loans made on the Closing Date may be Eurodollar Loans.

Loans and Letters of Credit. Subject to the terms and conditions of this Agreement, (a) the Revolving Credit Lenders hereby establish in favor of the Borrowers a revolving credit facility pursuant to which the Revolving Credit Lenders severally agree (to the extent of each Revolving Credit Lender’s Revolving Credit Percentage up to such Revolving Credit Lender’s Revolving Commitment) to make Revolving Loans to the Borrowers in accordance with Section 2.2; (b) the Issuing Bank agrees to issue Letters of Credit for the account of the Borrowers in accordance with Section 2.6; (c) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4; (d) each Revolving Credit Lender severally agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate amount of Revolving Credit Exposure exceed at any time the Aggregate Revolving Commitments from time to time in effect; and (e) each Term Loan Lender severally agrees to make a Term Loan to the Borrowers in a principal amount not exceeding such Term Loan Lender’s Term Loan Commitment on the Closing Date.

Loans and Letters of Credit. 1 --------------------------- Section 1.1 Total Facility............................................................. 1 -------------- Section 1.2 Revolving Loans............................................................ 1 --------------- Section 1.3

Loans and Letters of Credit. 2.01 Revolving Credit Commitment. --------------------------- (a) Subject to the terms and conditions set forth in this Agreement and so long as no Default or Event of Default has occurred and is continuing, during the Revolving Credit Period, Lender agrees to make such loans, jointly and severally, to Borrowers (individually, a "Revolving Credit Loan" and collectively, the "Revolving Credit Loans") as any of the Borrowers may from time to time request pursuant to Section 2.03. Each Revolving Credit Loan under this Section 2.01(a) which is a Revolving Credit LIBOR Loan shall be for an aggregate principal amount of at least $1,000,000.00 or any larger multiple of $250,000.00. The aggregate principal amount of Revolving Credit Loans which Lender shall be required to have outstanding under this Agreement as of any date shall not exceed the sum of (i) the lesser of (A) the amount of Lender's Revolving Credit Commitment as of such date or (B) the Borrowing Base as of such date minus (ii) the aggregate undrawn face amount of all Letters of Credit outstanding as of such date plus all unreimbursed drawings with respect thereto. In no event shall the Total Revolving Credit Outstandings as of any date exceed the lesser of (i) the amount of Lender's Revolving Credit Commitment as of such date or (ii) the Borrowing Base as of such date. Within the foregoing limits, Borrowers may borrow under this Section 2.01(a), prepay under Section 2.10 and reborrow at any time during the Revolving Credit Period under this Section 2.01(a). All Revolving Credit Loans not paid prior to the last day of the Revolving Credit Period, together with all accrued and unpaid interest thereon and all fees and other amounts owing by Borrowers to Lender with respect thereto, shall be due and payable on the last day of the Revolving Credit Period. (b) Borrowers shall deliver to Lender on the date of execution of this Agreement (calculated as of the close of business on February 28, 2002) and on at least one (1) Business Day during each week (or at such other intervals as Lender shall require from time to time), a borrowing base certificate in the form of Exhibit B attached hereto and incorporated herein by reference (or in such other form as Lender shall require from time to time) (each, a "Borrowing Base Certificate") (together with such supporting information as Lender may reasonably request in connection therewith) setting forth: (i) the Borrowing Base and its components as of the end of the im...

Loans and Letters of Credit. The obligation of each Revolving Bank to make any Revolving Loan and the obligation of the Agent to issue any Letter of Credit or make any Swingline Loan are subject to the following additional conditions precedent: