Common use of Minimum Commitment by UBS Clause in Contracts

Minimum Commitment by UBS. Subsequent to the Closing Date, UBS hereby agrees to maintain a Loan Commitment in an amount no less than Thirty Million Dollars ($30,000,000), provided there exists no Event of Default, and further agrees to hold and not to participate or assign any of such amount other than an assignment to a Federal Reserve Bank or to the Parent or a majority-owned subsidiary of UBS.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Taubman Centers Inc), Revolving Loan Agreement (Taubman Realty Group LTD Partnership)

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Minimum Commitment by UBS. Subsequent Notwithstanding the provisions ------------------------- of Section 12.05, subsequent to the Closing Date, UBS hereby agrees to maintain a Loan Commitment in an amount no less than Thirty Million Dollars ($30,000,000), provided there exists no Event of Default15,000,000, and further agrees to hold and not to participate or assign any of such amount other than an assignment to a Federal Reserve Bank or to the Parent or a majority-owned subsidiary of UBS.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Taubman Centers Inc)

Minimum Commitment by UBS. Subsequent Notwithstanding the provisions of Section 12.05, subsequent to the Closing Date, UBS hereby agrees to maintain a Loan Commitment in an amount no less than Thirty Million Dollars ($30,000,000), provided there exists no Event of Default15,000,000, and further agrees to hold and not to participate or assign any of such amount other than an assignment to a Federal Reserve Bank or of to the Parent or a majority-owned subsidiary of UBS.

Appears in 1 contract

Samples: Revolving Credit Agreement (Taubman Realty Group LTD Partnership)

Minimum Commitment by UBS. Subsequent to the Closing Date, UBS hereby agrees to maintain a Loan Commitment in an amount no less than Thirty Forty Million Dollars ($30,000,000), provided there exists 40,000,000) for so long as no Event of DefaultDefault exists under this Agreement, and further agrees to hold and not to participate or assign any of such amount other than an assignment to a Federal Reserve Bank or to the Parent or a majority-owned subsidiary of UBS.

Appears in 1 contract

Samples: Revolving Credit Agreement (Vornado Realty Lp)

Minimum Commitment by UBS. Subsequent to the Closing Date, UBS hereby agrees to maintain a Loan Commitment in an amount no less than Thirty Ten Million Dollars Dollar ($30,000,000), provided there exists 10,000,000) for so long as (x) no Event of Default, Default exists under this Agreement and (y) UBS remains Administrative Agent hereunder. UBS further agrees to hold and not to participate or assign any of such amount other than an assignment to a Federal Reserve Bank or to the Parent or a majority-owned subsidiary of UBS.

Appears in 1 contract

Samples: Revolving Credit Agreement (First Washington Realty Trust Inc)

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Minimum Commitment by UBS. Subsequent to the Closing Date, UBS hereby agrees to maintain a Loan Commitment in an amount no less than Thirty Seventy Five Million Dollars ($30,000,000), provided there exists 75,000,000) for so long as (1) no Event of DefaultDefault exists under this Agreement and (2) UBS remains as Administrative Agent, and further agrees to hold and not to participate or assign any of such amount other than an assignment to a Federal Reserve Bank or to the Parent or a majority-owned subsidiary of UBS.

Appears in 1 contract

Samples: Revolving Credit Agreement (Vornado Realty Trust)

Minimum Commitment by UBS. Subsequent to the Closing Date, UBS hereby agrees to maintain a Loan Commitment in an amount no less than Thirty Sixty Million Dollars ($30,000,000), provided there exists 60,000,000) for so long as (1) no Event of DefaultDefault exists and (2) UBS remains as Administrative Agent, and further agrees to hold and not to participate or assign any of such amount other than an assignment to a Federal Reserve Bank or to the Parent or a majority-owned subsidiary of UBS.

Appears in 1 contract

Samples: Revolving Credit Agreement (Vornado Realty Lp)

Minimum Commitment by UBS. Subsequent to the Closing Date, UBS hereby agrees to maintain a Loan Commitment in an amount no less than Thirty Twenty Five Million Dollars ($30,000,000), provided there exists 25,000,000) for so long as (x) no Event of Default, Default exists under this Agreement and (y) UBS remains Administrative Agent hereunder. UBS further agrees to hold and not to participate or assign any of such amount other than an assignment to a Federal Reserve Bank or to the Parent or a majority-owned subsidiary of UBS.

Appears in 1 contract

Samples: Revolving Credit Agreement (Price Enterprises Inc)

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