Facility Commitment. Subject to and upon the terms and conditions set forth in this Agreement and the other Operative Documents, and in reliance upon the guaranty and other obligations of the Sponsor set forth herein, the Servicer hereby establishes a commitment to the Sponsor to establish Loan Commitments and to make Advances thereunder in US Dollars and Canadian Dollars to such Borrowers as may be designated by the Sponsor in its Funding Approval Notices during a period commencing on the date hereof and ending on March 31, 2023 (as such period may be extended for one or more subsequent 364-day periods pursuant to Section 2.8, the “Facility Commitment Termination Date”) in an aggregate committed amount at any one time outstanding not to exceed the Maximum Commitment Amount (the “Facility Commitment”); provided that, notwithstanding any provision of this Agreement to the contrary, (x) at no time shall the Servicer establish any Loan Commitment for a Borrower if after giving effect to such Loan Commitment, the US Dollar Equivalent of the aggregate committed amounts of all Loan Commitments outstanding pursuant to the Facility Commitment would exceed the Maximum Commitment Amount and (y) at no time shall the Servicer establish any Canadian Loan Commitment for a Canadian Borrower if after giving effect to such Canadian Loan Commitment, the aggregate committed amounts of all Canadian Loan Commitments outstanding pursuant to the Facility Commitment would exceed the Canadian Subfacility Amount.
Facility Commitment. The proceeds of a Swingline Borrowing may not be used, in whole or in part, to refund any prior Swingline Borrowing.
Facility Commitment. The [Fixed] [Variable] Facility Commitment shall be reduced by $____________________, and the definition of “[Fixed] [Variable] Facility Commitment” is hereby replaced in its entirety by the following new definition:
Facility Commitment. For purposes of making any Revolving Loan other than a Revolving Loan pursuant to Section 2.18 and any Swing Line Loan pursuant to Section 2.16 there shall be deemed to be outstanding at all times Swing Line Loans in a minimum aggregate amount equal to the Assumed Swing Line Loan Amount. Any Revolving Loan made under Section 2.18 shall be made by each Revolving Facility Lender in an amount equal to its Pro Rata Share of the Revolving Loan made thereunder, provided that no Revolving Facility Lender need make such a Revolving Loan to the extent that the aggregate amount of Swing Line Loans made to any Subsidiary Swing Line Borrower exceeds such Subsidiary Swing Line Borrower's Subsidiary Swing Line Borrower Sublimit. Within the limits of each Revolving Facility Lender's Revolving Facility Commitment, and subject to the other terms and conditions hereof, each Borrower may borrow under this subsection 2.1(d), prepay under Section 2.7, and reborrow under this subsection 2.1(d).
Facility Commitment. Upon the terms and subject to the conditions set forth in this Agreement, upon request by the Borrower, the Bank agrees to make Facility Advances to the Borrower from time to time during the Commitment Period in an aggregate principal amount not to exceed the Maximum Commitment Facility.
Facility Commitment. Subject to the limitations set forth in this Agreement, from time to time on any Business Day occurring during the period commencing on the Closing Date to, but excluding, the Facility Maturity Date (the “Facility Term”), each Lender severally will make its Facility Percentage of any Borrowing of Facility Loans on such Business Day as the Borrower shall request in accordance with Section 3.1 and shall arrange for the issuance of Letters of Credit as the Borrower shall request in accordance with Section 3.11. Subject to the terms hereof, the Borrower may from time to time borrow, repay, and reborrow Facility Loans pursuant to the Facility Commitment.
Facility Commitment. If the Revolving R-2 Facility Commitments have terminated or expired, the Revolving R-2 Facility Percentages shall be determined based upon the Revolving R-2 Facility Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04.
Facility Commitment. Subject to the terms and conditions set forth herein, each Lender severally agrees to make Advances to the Borrower, in Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Maturity Date (or such earlier date if the Facility Committed Amount has been terminated as provided herein); provided, however, that (i) the aggregate amount of Advances outstanding shall not exceed the Facility Committed Amount and (ii) with respect to each individual Lender, the Lender's pro rata share of outstanding Advances shall not exceed such Lender's Facility Commitment Percentage of the Facility Committed Amount minus such Lender's Facility Commitment Percentage of any outstanding Swing Line Advances which such Lender has not then funded pursuant to Section 2.2. Subject to the terms of this Agreement (including the provisions of Section 3.3, below), the Borrower may borrow, repay and reborrow portions of the Facility.
Facility Commitment. (1) On the Funding Date requested by Borrower, after Borrower shall have satisfied all applicable conditions precedent set forth in Section 8, each Bank shall, at Borrower’s option as specified in a notice given to Agent in accordance with Section 2.4, advance immediately available funds to Agent (each such advance being a “Loan”) evidencing such Bank’s Pro Rata share of one or more (a) Prime Rate Loans (each such Loan being a “Prime Rate Revolving Loan”), or (b) LIBOR Loans (each such Loan being a “LIBOR Revolving Loan”), each of which shall constitute a Revolving Loan hereunder; provided, that no more than ten (10) Revolving Loans may be outstanding at any time. Agent shall immediately advance such funds to Borrower at the Designated Deposit Account on the Funding Date with respect to such Revolving Loan. Borrower shall pay interest accrued on the Revolving Loans at the rates and in the manner set forth in Section 2.3(a). Subject to the terms of this Agreement relating to optional earlier repayments of Revolving Loans and the acceleration of maturities, the unpaid principal amount of all Revolving Loans and all unpaid interest and commitment facility and agent fees accrued thereon, together with all other fees, expenses, costs and other sums chargeable to Borrower incurred in connection therewith, shall be due and payable on the Conversion Date.
(2) Each request for a Revolving Loan hereunder shall be in the form of Exhibit L hereto and shall constitute a reaffirmation by Borrower and the Authorized Signatory requesting the same that (1) no Event of Default or Potential Event of Default has occurred and is continuing and (2) the representations and warranties contained in this Agreement are true, correct and complete in all material respects to the same extent as though made on and as of the date of the request, except to the extent such representations and warranties specifically relate to an earlier date, in which event they shall be true, correct and complete in all material respects as of such earlier date.
(3) Amounts borrowed by Borrower under this Facility may be repaid and, prior to the earlier to occur of (i) the Conversion Date and (ii) the Termination Date and subject to the applicable terms and conditions precedent to borrowings hereunder, reborrowed; provided, however, that no Loan shall have a maturity date which is later than the Conversion Date.
Facility Commitment. Total Maximum Commitment | $ __________ | ---------------------------------------------------------------------------- Annex I-1 ANNEX II TO VALUATION STATEMENT ------------------- Schedule of Information Required Pursuant to Section 6.1.1(b)(1) ___________________________
