TYC » Topics » Section 2.01 Commitments

These excerpts taken from the TYC 8-K filed Apr 27, 2007.

Section 2.01         Commitments.

(a)           Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender’s Revolving Credit Exposure exceeding such Lender’s then applicable Commitment or (ii) the total Revolving Credit Exposures exceeding the then applicable total Commitments.  Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

(b)           Prior to the Transition Time, the Commitment of each Lender in effect shall be its Initial Commitment.  Upon the Transition Time, but only to the extent that the Transition Time occurs within 364 days of the Closing Date, each Lender’s Commitment shall automatically be increased to its Increased Commitment.  If the Transition Time shall fail to occur within 364 days of the Closing Date, then the Commitment of each Lender shall remain its Initial Commitment for the duration of the Availability Period and the Increased Commitment of each Lender shall automatically terminate.

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Section 2.01         Commitments.

(a)           Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender’s Revolving Credit Exposure exceeding such Lender’s then applicable Commitment or (ii) the total Revolving Credit Exposures exceeding the then applicable total Commitments.  Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

(b)           Prior to the Transition Time, the Commitment of each Lender in effect shall be its Initial Commitment.  Upon the Transition Time, but only to the extent that the Transition Time occurs within 364 days of the Closing Date, each Lender’s Commitment shall automatically be increased to its Increased Commitment.  If the Transition Time shall fail to occur within 364 days of the Closing Date, then the Commitment of each Lender shall remain its Initial Commitment for the duration of the Availability Period and the Increased Commitment of each Lender shall automatically terminate.

Section 2.01         Commitments.  Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Credit Exposure exceeding such Lender’s Commitment or (b) the total Credit Exposures exceeding the total Commitments.  The Commitments are not revolving in nature and amounts repaid or prepaid may not be reborrowed.

Section 2.01         Commitments.

(a)           Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender’s Revolving Credit Exposure exceeding such Lender’s then applicable Commitment or (ii) the total Revolving Credit Exposures exceeding the then applicable total Commitments.  Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Loans.

(b)           Prior to the Transition Time, the Commitment of each Lender in effect shall be its Initial Commitment.  Upon the Transition Time, but only to the extent that the Transition Time occurs within 364 days of the Closing Date, each Lender’s Commitment shall automatically be increased to its Increased Commitment.  If the Transition Time shall fail to occur within 364 days of the Closing Date, then the Commitment of each Lender shall remain its Initial Commitment for the duration of the Availability Period and the Increased Commitment of each Lender shall automatically terminate.

Section 2.01         Commitments.  Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Credit Exposure exceeding such Lender’s Commitment or (b) the total Credit Exposures exceeding the total Commitments.  The Commitments are not revolving in nature and amounts repaid or prepaid may not be reborrowed.
Section 2.01         Commitments.  Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Credit Exposure exceeding such Lender’s Commitment or (b) the total Credit Exposures exceeding the total Commitments.  The Commitments are not revolving in nature and amounts repaid or prepaid may not be reborrowed.

EXCERPTS ON THIS PAGE:

8-K (6 sections)
Apr 27, 2007
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