Accordion Commitment definition

Accordion Commitment means, with respect to any Lender Group, the aggregate amount of any increase in such Lender Group’s Commitment pursuant to Section 2.02(c) of the Funding Agreement consented to by the applicable Managing Agent on behalf of the Lenders in such Lender Group.
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Accordion Commitment means the commitments of the Accordion Lenders to fund the Accordion Amount as set forth in subsection 2.1(f).
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Accordion Commitment means Fifty Million Dollars ($50,000,000).
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Examples of Accordion Commitment in a sentence

  • Amendment to Section 1.1 of the Loan Agreement (definition of Accordion Commitment).

  • Accordion Commitment Notice duly signed by ridicule the relevant parties.

  • Any Lender which wishes to become an Accordion Lender in respect of an increase in the Total Revolving Facility Commitments proposed in an Accordion Proposal shall via an Accordion Notice notify the Company and the Agent of the proposed Accordion Commitment that it unconditionally offers to make available in respect of that proposed increase in the Total Revolving Facility Commitments no later than 5:00 p.m. on the last day of the Accordion Solicitation Period relating to that Accordion Proposal.

  • If there is an Accordion Shortfall relating to a Proposed Accordion Size set out in an Accordion Proposal (whether resulting from the operation of clause 9.6 above or otherwise), the Company shall invite each Participating Lender under that Accordion Proposal to increase the proposed Accordion Commitment offered by it in respect of the increase in the Total Revolving Facility Commitments proposed in that Accordion Proposal by an amount no greater than its Accordion Proportion of that Accordion Shortfall.

  • Each Participating Lender under an Accordion Proposal shall notify the Company and the Agent of its offer of an increased proposed Accordion Commitment (if any) pursuant to clause 9.7 above no later than 5:00 p.m. on the day falling 10 Business Days after the last day of the Accordion Solicitation Period relating to that Accordion Proposal.


More Definitions of Accordion Commitment

Accordion Commitment means, as applicable, that portion of any Lender’s commitment issued or increased under Section 2.15 after the Threshold Date.
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Accordion Commitment has the meaning given to that term in Clause 2.2 (Accordion Increase in Commitments). EXECUTION VERSION Accordion Increase has the meaning given to that term in Clause 2.2 (Accordion Increase in Commitments).
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Accordion Commitment means in relation to a Lender which is an Accordion Lender, the amount set opposite its name under the heading “Accordion Commitment” in the relevant Accordion Notice and the amount of any other Accordion Commitment relating to the Facilities transferred to it under this Agreement or assumed by it in accordance with clauses 2.3 to 2.11 (Increase) to the extent not cancelled, reduced or transferred by it under this Agreement.
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Accordion Commitment has the meaning set out in Section 2.20(a).
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Accordion Commitment means, as to each Person which has elected, in its sole and absolute discretion, in writing to become an Accordion Lender, its obligation to make Accordion Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on a schedule to be provided upon the inclusion of the Accordion Facility hereto, as such amount may be adjusted from time to time in accordance with this Agreement.
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Related to Accordion Commitment

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Loan Commitment has the meaning set forth in Section 2.1.

  • L/C Commitment $50,000,000.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Facility A Commitment means, with respect to any Lender, the principal amount set out beside such Lender's name in Schedule V with reference to Facility A, as amended from time to time, and to the extent not cancelled or terminated hereunder.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $200,000,000.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Restatement Date is $265,000,000.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).