Base Facility Commitment Sample Clauses

Base Facility Commitment. Subject to the terms, conditions and limitations set forth in this Article, the Lender agrees to make Base Facility Advances to the Borrower from time to time during the Base Facility Availability Period. The aggregate original principal of the Base Facility Advances shall not exceed the Base Facility Commitment. The borrowing of a Base Facility Advance shall permanently reduce the Base Facility Commitment by the original principal amount of the Base Facility Advance. The Borrower may not re-borrow any part of the Base Facility Advance which it has previously borrowed and repaid.
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Base Facility Commitment. Subject to the terms, conditions and limitations set forth in this Article, the Lender agrees to make Base Facility Advances to the Borrower from time to time during the Base Facility Availability Period. The aggregate original principal of the Base Facility Advances shall not exceed the Base Facility Commitment. The borrowing of a Base Facility Advance shall permanently reduce the Base Facility Commitment by the original principal amount of the Base Facility Advance. The Borrower may not re-borrow any part of the Base Facility Advance which it has previously borrowed and repaid. The Borrower shall be entitled to Base Facility Advances based on increased Valuations of the Mortgaged Properties.
Sample 1Sample 2
Base Facility Commitment. 25 SECTION 3.02 Requests for Base Facility Advances......................................................25 SECTION 3.03 Maturity Date of Base Facility Advances; Amortization Period.............................25 SECTION 3.04 Interest on Base Facility Advances.......................................................25 SECTION 3.05 Coupon Rates for Base Facility Advances..................................................26 SECTION 3.06 Base Facility Note.......................................................................26 SECTION 3.07 Conversion of Commitment from Revolving Facility Commitment to Base Facility Commitment......................................................................26 SECTION 3.08 Limitations on Right to Convert..........................................................27 SECTION 3.09 Conditions Precedent to Conversion.......................................................27 SECTION 3.10 Defeasance...............................................................................27 ARTICLE IV RATE SETTING FOR THE ADVANCES.......................................................................35 SECTION 4.01 Rate Setting for an Advance..............................................................35 SECTION 4.02 Advance Confirmation Instrument for Revolving Advances...................................36 SECTION 4.03 Breakage and other Costs.................................................................37
Sample 1
Base Facility Commitment. 21 ------------------------ SECTION 3.02 Requests for Base Facility Advances......................................................... 21 ----------------------------------- SECTION 3.03 Maturity Date of Base Facility Advances..................................................... 21 --------------------------------------- SECTION 3.04 Interest on Base Facility Advances.......................................................... 21 ---------------------------------- SECTION 3.05 Coupon Rates for Base Facility Advances..................................................... 21 --------------------------------------- SECTION 3.06 Base Facility Note.......................................................................... 22 ------------------ SECTION 3.07 Conversion of Commitment from Revolving Facility Commitment to
Sample 1
Base Facility Commitment. ... 22 --------------------------------------------------------------------------------------- SECTION 3.08 Limitations on Right to Convert............................................................. 22 ------------------------------- SECTION 3.09 Conditions Precedent to Conversion.......................................................... 22 ---------------------------------- SECTION 3.10 Defeasance.................................................................................. 23 ---------- ARTICLE IV .................................................................................................. 30 SECTION 4.01 Rate Setting for an Advance................................................................. 30 --------------------------- SECTION 4.02 Advance Confirmation Instrument for Revolving Advances...................................... 31 ------------------------------------------------------ SECTION 4.03 Breakage and other Costs.................................................................... 32 ------------------------ ARTICLE V ................................................................................................... 32 SECTION 5.01 Initial Advance............................................................................. 32 --------------- SECTION 5.02
Sample 1
Base Facility Commitment. 31 SECTION 3.3 Requests for Base Facility Advances...........................................31 SECTION 3.4 Maturity Date of Base Facility Advances; Amortization Period..................31 SECTION 3.5 Interest on Base Facility Advances............................................31 SECTION 3.6 Coupon Rates for Base Facility Advances.......................................32 SECTION 3.7 Base Facility Notes...........................................................32 SECTION 3.8 Limitations on Right to Convert...............................................32 SECTION 3.9 Conditions Precedent to Conversion/Rollover...................................32 SECTION 3.10 Rollover of Maturing Base Facility Advances...................................33 SECTION 3.11 Repayment of Base Facility Advances Upon Rating Downgrade.....................33 ARTICLE IV RATE SETTING FOR THE ADVANCES..........................................................33 SECTION 4.1 Rate Setting for an Advance...................................................33 SECTION 4.2 Advance Confirmation Instrument for Revolving Advances........................35 SECTION 4.3 Breakage and other Costs......................................................35
Sample 1
Base Facility Commitment. Subject to the terms, conditions and limitations set forth in this Article III, the Lender agrees to make Base Facility Advances to the Borrower from time to time during the Base Facility Availability Period. The aggregate original principal of the Base Facility Advances shall not exceed the Base Facility Commitment. Except as permitted pursuant to Section 3.10, the repayment of a Base Facility Advance shall permanently reduce the Base Facility Commitment by the amount of such payment. Except as permitted pursuant to Section 3.10, the Borrower may not re-borrow any part of the Base Facility Advance which it has previously borrowed and repaid.
Sample 1
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Related to Base Facility Commitment

  • Loan Commitments Subject to the terms and conditions hereof,

  • Revolving Commitments If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans and Swing Line Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect.

  • Loan Commitment Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $16,000,000 in the aggregate (the "Loan") consisting of $8,000,000 of 7-year Tranche advances and $8,000,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."

  • Revolving Commitment Increase (a) Notwithstanding anything to the contrary in Section 12.1, subject to the terms and conditions set forth herein, the Borrower shall have the right from time to time, to cause an increase in the Revolving Commitments of the Revolving Lenders (a “Revolving Commitment Increase”) by adding to this Agreement one or more additional Eligible Assignees that are not already Revolving Lenders hereunder and that are reasonably satisfactory to the Administrative Agent, each Facing Agent and the Swing Line Lender (each, a “New Revolving Lender”) or by allowing one or more existing Revolving Lenders to increase their respective Revolving Commitments; provided that (i) both before and immediately after giving effect to such Revolving Commitment Increase, no Event of Default or Unmatured Event of Default shall have occurred and be continuing as of the effective date of such Revolving Commitment Increase (such date, the “Revolving Commitment Increase Date”), (ii) no such Revolving Commitment Increase shall be in an amount less than $10,000,000 (unless the aggregate amount of the Revolving Commitments then in effect is greater than $390,000,000), (iii) after giving effect to such Revolving Commitment Increase, the aggregate amount of the Revolving Commitments shall not exceed $600,000,000, (iv) no Revolving Lender’s Revolving Commitment shall be increased without such Revolving Lender’s prior written consent (which consent may be given or withheld in such Revolving Lender’s sole and absolute discretion) and (v) the only Revolving Commitment Increase that may occur on or after the Tenth Amendment Effective Date is a single Revolving Commitment Increase in an aggregate amount not exceeding $200,000,000 on (and subject to the occurrence of) the Eleventh Amendment Effective Date. The foregoing clause (i) and the following Section 2.10(b) and Section 2.10(e) shall not be applicable to the 2014 Revolving Commitment Increase and the only conditions to the 2014 Revolving Commitment Increase shall be those conditions set forth in Section 4 of the Eleventh Amendment.

  • Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

  • Revolving Loan Commitments Lender will make loans to Borrower on a revolving basis (“Revolving Loans”) from time to time and Borrower may repay such loans from time to time until the Termination Date in such amounts as Borrower may request from Lender; provided, that after giving effect to such Revolving Loans, the Revolving Loans outstanding will not at any time exceed the Borrowing Availability.

  • Term Loan Commitments Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a term loan (the “Term Loan”) to the Borrower on the Closing Date in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment.

  • Term Loan Commitment As to each Term Loan Lender, the amount equal to such Term Loan Lender’s Term Loan Commitment Percentage of the aggregate principal amount of the Term Loans from time to time outstanding to the Borrower.

  • Incremental Revolving Commitments (a) The Borrower may on one or more occasions, by written notice to the Administrative Agent, request during the Revolving Commitment Period the establishment of Incremental Revolving Commitments, provided that the aggregate amount of all the Incremental Revolving Commitments to be established hereunder on any date shall not exceed the Incremental Amount as of such date. Each such notice shall specify (i) the date on which the Borrower proposes that the Incremental Revolving Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent) after the date on which such notice is delivered to the Administrative Agent, (ii) the amount of the Incremental Revolving Commitments being requested (which shall be an amount not less than $5,000,000) and (iii) the identity of each Person proposed to become an Incremental Revolving Lender in connection therewith (it being agreed that (x) any Lender approached to provide any Incremental Revolving Commitment may elect or decline, in its sole discretion, to provide such Incremental Revolving Commitment and (y) any Person that the Borrower proposes to become an Incremental Revolving Lender, if such Person is not then a Lender, must be an Eligible Assignee and, if such approval would then be required under Section 10.6(c) for an assignment to such Person of a Commitment or Loan, must be approved by the Administrative Agent, each Issuing Bank and the Swing Line Lender (such approval not to be unreasonably withheld or delayed)).

  • L/C Commitment (a) Subject to the terms and conditions hereof, each Issuing Lender, in reliance on the agreements of the other Lenders set forth in Section 3.4(a), agrees to issue Letters of Credit upon the request and for the account of the Borrower (and for the benefit of the Borrower or any Subsidiary of the Borrower) on any Business Day during the Revolving Commitment Period in such form as may be approved from time to time by such Issuing Lender; provided that no Issuing Lender shall issue any Letter of Credit if, (i) after giving effect to such issuance, (A) the L/C Exposure would exceed the L/C Commitment or (B) the aggregate amount of the Available Revolving Commitments would be less than zero or (C) unless otherwise agreed to by such Issuing Lender, the L/C Exposure with respect to all Letters of Credit issued by such Issuing Lender would exceed such Issuing Lender’s Specified L/C Commitment or (ii) such Issuing Lender shall have received written notice from the Administrative Agent or the Borrower, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Section 5.2 shall not have been satisfied. On the Restatement Effective Date, each Existing Letter of Credit shall be deemed to be a Letter of Credit issued hereunder for the account of the Borrower. Each Letter of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the date that is five Business Days prior to the Revolving Termination Date (as it may be extended, so long as the Available Revolving Commitments of all Continuing Lenders would equal or exceed zero following such extension); provided, however, that any Letter of Credit, whether newly requested or an existing Letter of Credit that is extended or automatically renewed, may have an expiration date after the Revolving Termination Date (so long as such expiration date remains in compliance with clause (x) above) so long as the Borrower cash collateralizes such Letter of Credit at 101% of the available face amount of such Letter of Credit on or prior to the date which is five Business Days prior to the Revolving Termination Date and the Administrative Agent and the relevant Issuing Lender providing such Letter of Credit agree to such expiration date at the time such Letter of Credit or extension is requested or at the time such existing Letter of Credit is to be automatically renewed, as applicable; provided further that any Letter of Credit (other than a Letter of Credit to which Section 2.18(c)(ii) applies) with a one-year term may provide for the renewal thereof for additional one-year periods (which shall only extend beyond the date referred to in clause (y) above if the condition described in the first proviso of this sentence is satisfied).

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