Example ContractsClausesrevolving commitments.Variants
Revolving Commitments.
Revolving Commitments. contract clause examples

. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of # the L/C Obligations then outstanding and # the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with [Sections 2.5 and 2.12]2].

0">. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans2"> in Dollars (“Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding 4">which,4">that, when added to such Lender’s Revolving Percentage of the sum of # 6">the L/C6">LC Obligations then outstanding and # the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the 8">Revolving Facility Administrative Agent in accordance with [Sections 2.5 and 2.12]2].

. 1">(a)1">(a[[Borrower:Organization]] Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of # the L/C Obligations then outstanding and # the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be 3">Eurodollar3">EurodollarTerm Benchmark Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with [Sections 2.5 and 2.12]2]5">.5">, or, pursuant to [Section 2.16, RFR]R] Loans.

0">. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower 2">or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate4"> Dollar Equivalent principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of # the L/C Obligations then outstanding and # the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving 6">Commitment.6">Commitment; provided that after giving effect to any such Revolving Loans, # the Total Revolving Extensions of Credit shall not exceed the Total Revolving Commitments and # the Total Revolving Extensions of Credit denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be 8">Eurodollar8">Eurocurrency Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with 10">[Sections10">Sections 2.5 and 2.12">12]2].12">12.

0">. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower 2">or any Subsidiary Borrower from time to time during the Revolving Commitment Period in an aggregate4"> Dollar Equivalent principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of # the L/C Obligations then outstanding and # the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving 6">Commitment.6">Commitment; provided that after giving effect to any such Revolving Loans, # the Total Revolving Extensions of Credit shall not exceed the Total Revolving Commitments and # the Total Revolving Extensions of Credit denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be 8">Eurodollar8">Eurocurrency Loans, RFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with [Sections 2.5 and 2.12]10">2].

0">. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans 2">(“Revolving2">(each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the 4">Borrower4">Borrowers from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding 6">for each Revolving Lender which, when added to 8">the sum of # such10"> Revolving Lender’s Revolving Percentage of 12">the sum of # the L/C Obligations12">any Swingline Loans then outstanding and # 14">the aggregate principal amount of the Swingline Loans then outstanding,14">such Revolving Lender’s L/C Exposure, if any, at such time, does not exceed the amount of such 16">Revolving Lender’s Revolving 18">Commitment.18">Commitment; provided, that the Total Revolving Extensions of Credit outstanding at such time, after giving effect to the making of such Revolving Loans, shall not exceed # the lesser of # the Total Revolving Commitments in effect at such time and # the Borrowing Base in effect at such time, less # Reserves imposed by the Administrative Agent in its Permitted Discretion from time to time. During the Revolving Commitment Period the 20">Borrower20">Borrowers may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.22"> The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with [Sections 2.5 and 2.12]2].

. 1">(a)1">(a[[Borrower:Organization]] Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) 3">in Dollars to the Borrower5"> and/or the Co-Borrower, as the case may be, from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added 7">(after giving effect to9"> any application of proceeds of such Revolving Loans pursuant to Section 2.6(b[[Borrower:Organization]]) to the sum of # such Lender’s Revolving Percentage of the 11">sum of # the L/C Obligations then 13">outstanding, # such Lender’s Swingline Exposure then outstanding and #15"> the Dollar Equivalent of the aggregate principal amount of the 17">Swingline17">Foreign Currency Loans19"> of such Lender then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Commitment Period the 21">Borrower and the Co-Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower 23">or the Co-Borrower, as applicable, and notified to the Administrative Agent in accordance with 25">[Sections25">Sections 2.5 and 2.27">12]2].27">12.

0">. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans 2">(“Revolving2">(each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount 4">with respect to all such Revolving Loans at any one time outstanding which, when added to 6">such Lender’s Revolving Percentage of the sum of # the L/C Obligations then outstanding and # the aggregate principal amount of 8">any then outstanding Revolving Loans, any Swingline Loans, the 10">Swingline Loans10">aggregate undrawn amount of all then 12">outstanding,12">outstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment. 14">In addition, the amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the Available Revolving Commitments then in effect. During the Revolving Commitment 16">Period16">Period, the Borrower may use the18"> Available Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and 20">reborrowing,20">borrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with [Sections 2.5 and 2.22">12]2]22">11].24"> Notwithstanding anything to the contrary contained herein, during the existence of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurodollar Loan.

0">. (a) Subject to the terms and conditions 2">hereof,2">hereof (including, without limitation, the second paragraph of Section 2.5 with respect to the Suspension Period), each Revolving Lender severally agrees to make revolving credit loans 4">(“Revolving4">(each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount 6">with respect to all such Revolving Loans at any one time outstanding which, when added to 8">such Lender’s Revolving Percentage of the sum of # the L/C Obligations then outstanding and # the aggregate principal amount of 10">any then outstanding Revolving Loans, any Swingline Loans, the 12">Swingline Loans12">aggregate undrawn amount of all then 14">outstanding,14">outstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment. 16">In addition, the amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the Available Revolving Commitments then in effect. During the Revolving Commitment 18">Period18">Period, the Borrower may use the20"> Available Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with 22">[Sections22">Sections 2.5 and 2.24">12]2].24">11. Notwithstanding anything to the contrary contained herein, during the existence and continuation of an Event of Default, no Revolving Loan may be borrowed as, converted to or continued as a Eurodollar Loan.

0">. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans 2">(“Revolving2">(each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to 4">such Lender’s Revolving Percentage of the sum of # the L/C Obligations then outstanding and # the aggregate 6">principal6">outstanding amount of the Swingline 8">Loans, the Dollar Equivalent of the aggregate undrawn amount of all outstanding Letters of Credit, and the Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans 10">then outstanding,10">or Swingline Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment.12"> In addition, such aggregate obligations shall not at any time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be 14">Eurodollar14">SOFR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with 16">[Sections16">Sections 2.5 and 2.18">12]2].18">13. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not be more than a total of seven SOFR Borrowings outstanding at any time.

. (a) Subject to the terms and conditions hereof, each Revolving 1">Credit Lender severally agrees to make revolving credit loans 3">(“Revolving3">(the “Revolving Credit Loans”) to the Borrower from time to time during the Revolving 5">Credit Commitment Period in an aggregate principal amount at any one time outstanding 7">which, when added to7">that will not cause # such Lender’s Revolving9"> Credit Percentage of the sum of 11">#11">the aggregate principal amount of all Revolving Credit Loans then outstanding plus the L/C Obligations then outstanding 13">and # the aggregate principal amount of the Swingline Loans then outstanding, does not13">to exceed the amount of such Lender’s Revolving 15">Commitment.15">Credit Commitment or # the Total Revolving Extensions of Credit to exceed the Maximum Revolving Facility Availability at such time. During the Revolving17"> Credit Commitment Period the Borrower may use the Revolving 19">Credit Commitments by borrowing, prepaying the Revolving21"> Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving 23">Credit Loans may from time to time be Eurodollar Loans or 25">ABR25">Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with 27">[Sections27">Sections 2.29">529">2 and 2.31">12]2].31">11, provided that no Revolving Credit Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date.

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