Minimum Revolving Credit Commitments Sample Clauses
The Minimum Revolving Credit Commitments clause sets a baseline amount that lenders must make available to the borrower under a revolving credit facility. In practice, this means that even if some lenders wish to reduce their commitments or exit the agreement, the total available credit cannot fall below a specified minimum threshold. This ensures that the borrower always has access to a certain level of funding, providing financial stability and predictability for their ongoing operational or investment needs.
Minimum Revolving Credit Commitments. The aggregate amount of the new Revolving Credit Commitments provided by the New Lenders and the Increasing Lenders shall be at least $25,000,000; and
Minimum Revolving Credit Commitments. After giving effect to such increase, the amount of the Revolving Credit Commitments provided by any New Lender shall be at least $10,000,000.
Minimum Revolving Credit Commitments. The aggregate increased amount of the Revolving Credit Commitments shall be at least $50,000,000; and
Minimum Revolving Credit Commitments. After giving effect to such increase (1) with respect to the 5-Year Revolver, the amount of the 5-Year Revolving Credit Commitments provided by each of the New 5-Year Revolver Lenders and each of the Increasing 5-Year Revolver Lenders shall be at least $25,000,000, unless such amount is greater than the then remaining increase available under Section 2.11(a)(iii)(1) and (2) with respect to the 364-Day Revolver, the amount of the 364-Day Revolving Credit Commitments provided by each of the New 364-Day Revolver Lenders and each of the Increasing 364-Day Revolver Lenders shall be at least $25,000,000, unless such amount is greater than the then remaining increase available under Section 2.11(a)(iii)(2);
Minimum Revolving Credit Commitments. After giving effect to such increase, the amount of the new Revolving Credit Commitments provided by each of the New Lenders and each of the Increasing Lenders under this Section 2.9 shall be at least $50,000,000 in the aggregate; provided that, if any of such increase is provided by a New Lender, the value of the Loans to a Netherlands Borrower that are advanced by that Increasing Lender shall initially be at least €100,000 (or its equivalent in other currencies) or, if the competent authority has published its interpretation of the term ‘public’ as referred to in article 4.1.(1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms, such other minimum amount as may be required for the Increasing Lender not to be considered part of the public under such interpretation.
Minimum Revolving Credit Commitments. If at any time the Revolving Credit Commitments of the Lenders are reduced to an amount less than $8,000,000 in the aggregate (whether due to a termination of such Revolving Credit Commitments following an Event of Default or otherwise), the Borrower shall prepay a portion of the LIBOR Determination Fee equal to the Agreed Fee Payment Amount. As used herein, "Agreed Fee Prepayment Amount" is an amount equal to the unpaid portion of the entire $310,000 LIBOR Determination Fee at the time of determination, multiplied by a fraction where the numerator of such fraction is the excess of $8,000,000 over the amount to which the aggregate Revolving Credit Commitments of the Lenders have been reduced, and the denominator of such fraction is $5,000,000.