Facility Commitment definition

Facility Commitment means, with respect to each Lender, the commitment of such Lender to make Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Lender’s Facility Commitment is set forth on Schedule 2.01(a), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility Commitment, as applicable. The initial aggregate amount of the Facility Commitments is $1,000,000,000.

Facility Commitment shall have the meaning set forth in Section 2.1(a).

Facility Commitment with respect to the commitment of a U.S. Lender, its U.S./European Revolver Commitment and, with respect to a Canadian Lender, its Canadian Revolver Commitment; and the term “Facility Commitments” means, collectively, the Facility Commitments of U.S. Lenders and the Facility Commitments of Canadian Lenders. To the extent any Lender has both a U.S. Revolver Commitment and a Canadian Revolver Commitment, such Commitments shall be considered as separate Commitments for purposes of this definition.

Examples of Facility Commitment in a sentence

• In such case, the Lender and its Affiliate shall be treated as a single Lender whose Revolving Facility Commitment is the amount set out opposite the relevant Lender’s name in Part II of Schedule 1 (The Original Parties) and/or the amount of any Revolving Facility Commitment transferred to or assumed by that Lender under this Agreement, to the extent (in each case) not cancelled, reduced or transferred by it under this Agreement.

• This will include any repayment required to be made on the tenth Anniversary Date so that the Total Outstandings under the Non-Revolving Credit Facility and all accrued and unpaid interest thereon on that date do not exceed the applicable Non-Revolving Credit Facility Commitment for that Anniversary Date.

• Financial Assistance ...........................................................................................................

• So long as any amount owing under the Loan Documents remains unpaid or Hydro has any Credit Facility Commitment under this PFA and unless Hydro, as the case may be, shall otherwise consent, the Limited Partnership agrees not to create, incur, assume or suffer to exist, any Lien on any of its Property other than Permitted Liens.

• Immediately upon any Advance being made by the Contingent Facility Lenders pursuant to Section 2.2(b)(ii), the NEB Reserve Borrower shall not be permitted to request any additional NEB Reserve Drawdowns pursuant to Section 2.2(b)(i) and the NEB Reserve Availability shall thereafter be immediately and permanently cancelled; provided however that the Total Contingent Facility Commitment shall not be reduced solely as a result thereof.

More Definitions of Facility Commitment

Facility Commitment means the aggregate amount of all Commitments of the Lenders from time to time. The original Facility Commitment is $266,000,000.

Facility Commitment means, with respect to each Lender, the amount set forth opposite such Lender’s name in Schedule 1 hereto as its Facility Commitment as the same may be reduced from time to time pursuant to Section 2.12(c), increased from time to time pursuant to Section 2.17 or adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 11.05.

Facility Commitment means a Lender's commitment to make a Tranche C(CH) Loan hereunder.

Facility Commitment means, with respect to each Lender, the commitment of such Lender to make Revolving Loans and to acquire participations in Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender's Revolving Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Lender's Facility Commitment is set forth on Schedule 2.01(a), or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Facility Commitment, as applicable. The initial aggregate amount of the Facility Commitments is $300,000,000.

Facility Commitment means, with respect to each Bank, the commitment of such Bank to make advances to the Borrower pursuant to Section 2.1 hereof not to exceed at any one time outstanding the amount set forth opposite such Bank's name on EXHIBIT "B," attached hereto and incorporated herein by reference.

Facility Commitment means, for each Lender, from time to time, the obligation of such Lender to provide the Advance to the Borrower under the Credit Facility in a principal amount not to exceed such Lender's Commitment as set out in Schedule "A", as the same may be changed from time to time pursuant to the terms hereof.

Facility Commitment with respect to the Commitment of a U.S. Lender, its U.S. Revolver Commitment and, with respect to a Canadian Lender, its Canadian Revolver Commitment; and the term “Facility Commitments” means, collectively, the Facility Commitments of the U.S. Lenders and the Facility Commitments of the Canadian Lenders. To the extent any Lender has both a U.S. Revolver Commitment and a Canadian Revolver Commitment, such Commitments shall be considered as separate Commitments for purposes of this definition. Facility Termination Date: such date as shall be determined as follows: