The Commitments and Credit Extensions Sample Clauses
The Commitments and Credit Extensions. 2.01 The Loans.
The Commitments and Credit Extensions. 2.01 [Committed ]Loans; Reserves.
(a) Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the lesser of (x) the amount of such Revolving Lender’s Revolving Commitment, or (y) such Revolving Lender’s Applicable Percentage of the Borrowing Base; subject in each case to the following limitations:
(i) after giving effect to any Committed Borrowing, the Total Revolving Outstandings shall not exceed the Revolving Loan Cap[, ];
(ii) after giving effect to any Committed Borrowing, the aggregate Outstanding Amount of the Committed Loans of any Revolving Lender, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Lender’s Revolving Commitment[,]; and
(iii) The Outstanding Amount of all L/C Obligations shall not at any time exceed the Letter of Credit Sublimit. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 0, prepay under Section 0, and reborrow under this Section 0.
(b) Each FILO Lender severally agrees, on the terms and conditions hereinafter set forth, to make its portion of the FILO Loan to the Borrowers on the [Closing]Fourth Amendment Effective Date in a principal amount equal to its FILO Commitment. Amounts [repaid in respect of the FILO Loan]borrowed under this Section 2.01(b) and repaid or prepaid hereunder may not be reborrowed. Upon each applicable FILO Lender’s making of its portion of the FILO Loan on the [Closing]Fourth Amendment Effective Date, the FILO Commitment of such FILO Lender shall be terminated.
2.02 Borrowings, Conversions and Continuations of Committed Loans.
(a) Committed Loans (other than Swing Line Loans)[ and the outstanding portion of the FILO Loan] shall be either Base Rate Loans or LIBOR Rate Loans as the Lead Borrower may request subject to and in accordance with this Section 0. All Swing Line Loans shall be only Base Rate Loans. Subject to the other provisions of this Section 0, Committed Borrowings of more than one Type may be incurred at the same time.
(b) Each Committed Borrowing, each Conversion o...
The Commitments and Credit Extensions. The Loans.
The Commitments and Credit Extensions. 2.01 Revolving Loans, Term B Loan and Incremental Term A Loan.
The Commitments and Credit Extensions. 2.01 Committed Loans.
The Commitments and Credit Extensions. Section 2.01 The Loans 54 Section 2.02 Borrowings, Conversions and Continuations of Loans 55 Section 2.03 Letters of Credit 57 Section 2.04 Swing Line Loans 65 Section 2.05 Prepayments 68 Section 2.06 Termination or Reduction of Commitments 69 Section 2.07 Repayment of Loans 70 Section 2.08 Interest 70 Section 2.09 Fees 71 Section 2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate and Applicable Fee Rate 71 Section 2.11 Evidence of Debt 72 Section 2.12 Payments Generally; Administrative Agent’s Clawback 72 Section 2.13 Sharing of Payments by Lenders 74 Section 2.14 Increase in Revolving Credit Facility 75 Section 2.15 Designation of Lead Borrower as Borrowers’ Agent 76 Section 2.16 Cash Collateral 76 Section 2.17 Defaulting Lenders 77 Section 3.01 Taxes 79 Section 3.02 Illegality 83 Section 3.03 Inability to Determine Rates 83 Section 3.04 Increased Costs; Reserves on Eurodollar Rate Loans 84 Section 3.05 Compensation for Losses 85 Section 3.06 Mitigation Obligations; Replacement of Lenders 85 Section 3.07 Survival 86 Section 4.01 Conditions to Initial Credit Extension 86 Section 4.02 Conditions to All Credit Extensions 87
The Commitments and Credit Extensions. 26 2.01 Loans...........................................................26 2.02 Borrowings, Conversions and Continuations of Loans..............28
The Commitments and Credit Extensions. 36 2.01 Commitments .................................................................................................................... 36 2.02 Borrowings, Conversions and Continuations of Loans .................................................... 36 2.03 [Reserved] ......................................................................................................................... 38 2.04 [Reserved] ......................................................................................................................... 38 2.05
The Commitments and Credit Extensions. Section 2.01.
The Commitments and Credit Extensions. 2.01. The Revolving Credit Facility. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (“Loans”) to the 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 such Lender’s Commitment; provided, however, that after giving effect to any Borrowing, (i) the Total Outstandings shall not exceed the Revolving Credit Facility, and (ii) the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. All Existing Loans shall be deemed to have been made pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.