This excerpt taken from the FL 8-K filed May 21, 2008.
Money Market Borrowing is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids), or by reference to their Class.
Section 1.04. Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided that with respect to any Letter of Credit that, by its terms or the terms of any underlying document entered into between the Company and the applicable LC Agent related to such Letter of Credit, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.
Section 2.01. Commitments to Lend. Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make revolving loans to the Borrowers pursuant to this Section from time to time on and after the Effective Date and prior to the Termination Date; provided that, immediately after each such loan is made (and after giving effect to any substantially concurrent application of the proceeds thereof to repay outstanding Committed Loans and Swingline Loans):
(i) such Banks Outstanding Committed Amount shall not exceed its Commitment;
(ii) the Total Usage shall not exceed the Total Commitments; and
(iii) subject to Section 3.03(c), the aggregate outstanding principal amount of Committed Loans and Money Market Loans (x) to Foot Locker Europe B.V. does not exceed $40,000,000 and (y) to the Company, together with the aggregate outstanding principal amount of Swingline Loans, does not exceed $50,000,000.
Each Base Rate Borrowing under this Section 2.01 shall be in an aggregate principal amount of $2,500,000 or any larger multiple of $1,000,000, and each Euro-Dollar Borrowing shall be in an aggregate principal amount of $5,000,000 or any larger multiple of $1,000,000; provided that (x) any such Borrowing may be in an aggregate amount equal to the aggregate unused amount of the Commitments and (y) if such Borrowing is made on the Swingline Maturity Date, such Borrowing may be in the aggregate amount of the Swingline Loans outstanding on such date. Each such Borrowing shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits and subject to Section 2.11, the Borrowers may borrow under this
Section 2.01, prepay Loans to the extent permitted by Section 2.13, and reborrow under this Section 2.01 at any time prior to the Termination Date.