Aggregate Elected Commitment Amounts Sample Clauses
The "Aggregate Elected Commitment Amounts" clause defines the total sum of commitments that multiple parties have agreed to provide under a contract, typically in the context of financing or lending arrangements. This clause specifies how the individual commitment amounts from each party are combined to form a single, aggregate figure, which may be used to determine the maximum available funds or obligations under the agreement. By clearly establishing the total committed amount, the clause ensures all parties understand the overall financial scope and prevents confusion or disputes regarding the extent of available resources.
Aggregate Elected Commitment Amounts. Pursuant to Section 2.06(c), the Aggregate Elected Commitment Amounts shall be increased to $875,000,000, effective as of the Third Amendment Effective Date, and the Borrower and the Lenders agree and acknowledge that the Elected Commitment of each Lender shall be as more particularly set forth on Annex I attached hereto and that each New Lender shall be deemed to have executed and delivered Exhibit H attached to the Credit Agreement pursuant to the terms thereof.
Aggregate Elected Commitment Amounts. The Borrower, the Administrative Agent and the Lenders party hereto hereby agree that upon the consummation of any Specified Swap Liquidation, the Aggregate Elected Commitment Amounts shall be immediately reduced by an amount equal to the proceeds of such Specified Swap Liquidation that are repaid in accordance with Section 2 above. In connection with the foregoing reduction of the Aggregate Elected Commitment Amounts and the redetermination of the Borrowing Base provided in Section 3 above, upon each such reduction of the Aggregate Elected Commitment Amount, each Lender’s Elected Commitment Amount shall be reduced ratably among the Lenders in accordance with each Lender’s Applicable Percentage so that, in the aggregate, they equal the reduced Aggregate Elected Commitment Amount at such time and Annex I to the Credit Agreement shall be deemed amended at such time to reflect such reduction to each Lender’s Elected Commitment and the Aggregate Elected Commitment Amount.
Aggregate Elected Commitment Amounts. Pursuant to Section 2.06(c) of the Credit Agreement, the Aggregate Elected Commitment Amounts shall be increased to $1,500,000,000.00, effective as of the First Amendment Effective Date, and the Borrower and the Lenders agree and acknowledge that the Elected Commitment of each Lender shall be as more particularly set forth on Annex I attached hereto and that each Lender shall be deemed to have executed and delivered Exhibit G or Exhibit H, as applicable, attached to the Credit Agreement pursuant to the terms thereof.
Aggregate Elected Commitment Amounts. Effective as of the Eleventh Amendment Effective Date, the Aggregate Elected Commitment Amounts shall be increased to $1,350,000,000.00, and the Borrower and the Lenders agree and acknowledge that the Elected Commitment of each Lender shall be as more particularly set forth on Annex I attached hereto.
Aggregate Elected Commitment Amounts. Pursuant to Section 2.06(c), the Aggregate Elected Commitment Amounts shall be increased to $1,300,000,000, effective as of the Fifth Amendment Effective Date, and the Borrower and the Lenders agree and acknowledge that the Elected Commitment of each Lender shall be as more particularly set forth on Annex I attached hereto and that each Lender whose Elected Commitment after giving effect to the Fifth Amendment will be greater than such Lender’s Elected Commitment immediately prior to giving effect to the Fifth Amendment shall be deemed to have executed and delivered Exhibit H attached to the Credit Agreement pursuant to the terms thereof.
Aggregate Elected Commitment Amounts. The Borrower, the Administrative Agent and the Lenders party hereto hereby agree that the Aggregate Elected Commitment Amounts shall (i) be reduced from $1,100,000,000.00 to $625,000,000 effective as of the Fourth Amendment Effective Date, (ii) be reduced from $625,000,000 to $612,500,000 effective as of June 1, 2020 and (iii) be reduced from $612,500,000 to $600,000,000 effective as of July 1, 2020. In connection with the foregoing reductions of the Aggregate Elected Commitment Amounts and the redetermination of the Borrowing Base provided in Section 5 above, upon each such reduction of the Aggregate Elected Commitment Amounts, each Lender’s Elected Commitment Amount shall be reduced ratably among the Lenders in accordance with each Lender’s Applicable Percentage so that they equal the reduced Aggregate Elected Commitment Amount at such time and Annex I to the Credit Agreement shall be deemed amended at such time to reflect such reduction to each Lender’s Elected Commitment and the Aggregate Elected Commitment Amounts.
Aggregate Elected Commitment Amounts. In reliance on the representations, warranties, covenants and agreements contained in this Seventh Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the Aggregate Elected Commitment Amounts are established at $475,000,000, as of the Seventh Amendment Effective Date.
Aggregate Elected Commitment Amounts. The Borrower and Lenders hereby agree that pursuant to Section 2.06(c)(viii) of the Credit Agreement, from and as of the Second Amendment Effective Date, the Aggregate Elected Commitment Amounts shall be reduced from $800,000,000 to $700,000,000, until further adjusted pursuant to the terms of the Credit Agreement. In accordance with such reduction of the Aggregate Elected Commitment Amounts, Annex I to the Credit Agreement is hereby amended and restated in its entirety in the form attached as Annex I hereto.
Aggregate Elected Commitment Amounts. The Borrower, the Guarantors, the Administrative Agent and the Lenders party hereto hereby agree that the Aggregate Elected Commitment Amounts shall be reduced from $1,350,000,000 to $1,100,000,000.00 (ratably among the Lenders in accordance with each Lender’s Applicable Percentage) effective as of the Third Amendment Effective Date.