Dutch Revolver Commitment Sample Clauses
A Dutch Revolver Commitment is a type of loan facility in which the lender commits to providing revolving credit to the borrower, but the amount available to be drawn decreases over time according to a pre-set schedule. In practice, this means that while the borrower can draw, repay, and redraw funds up to the committed amount, the maximum available limit reduces at specified intervals, such as quarterly or annually. This structure is commonly used in project finance or acquisition financing to encourage timely repayment and to align the loan availability with the borrower's anticipated cash flow needs. The core function of this clause is to manage the lender's risk exposure over time while providing the borrower with flexible access to funds during the early stages of the loan.
Dutch Revolver Commitment for any Dutch Lender, its obligation to make Dutch Revolver Loans and to participate in Dutch LC Obligations up to the maximum principal amount shown on Schedule 1.1, as hereafter modified pursuant to Sections 2.1.8 or 2.2.2 or an Assignment to which it is a party. “Dutch Revolver Commitments” means the aggregate amount of such commitments of all Dutch Lenders.
Dutch Revolver Commitment for any Dutch Lender, its obligation to make Dutch Revolver Loans and to issue Dutch Letters of Credit, in the case of any Dutch Fronting Bank, or participate in Dutch LC Obligations, in the case of the other Dutch Lenders, to the Dutch Borrowers up to the maximum principal amount shown on Schedule 2.1.1(d), or as hereafter determined pursuant to each Assignment and Acceptance to which it is a party, as such Dutch Revolver Commitment may be adjusted from time to time in accordance with the provisions of Sections 2.1.3, 2.1.6 or 11.1. “Dutch Revolver Commitments” means the aggregate amount of such commitments of all Dutch Lenders.