Examples of Additional Commitment Date in a sentence
Any Designated Additional Commitment pursuant to this Section 2.4 (i) shall be irrevocable as of the Additional Commitment Date, (ii) shall reduce the amount of commitments that may be requested under this Section 2.4 pro tanto and (iii) shall be in a minimum principal amount of $25,000,000 and integral multiples of $1,000,000.
The Administrative Agent shall promptly notify each Additional Commitment Bank as to the occurrence of each Additional Commitment Date, and (x) on each such date, the Total Commitment under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional Commitments and (y) on each such date, Schedule I shall be deemed modified to reflect the revised Additional Commitments of the affected Additional Commitment Banks.
The Administrative Agent shall promptly notify each Lender as to the occurrence of each Additional Commitment Date, and (x) on each such date, the Total Commitment under, and for all purposes of, this Agreement and each other Credit Document shall be increased by the aggregate amount of such Additional Commitments and (y) on each such date, Annex I shall be deemed modified to reflect the revised Commitments of each affected Lender.
As soon as possible following each Additional Commitment Date, each Specified Several Letter of Credit shall be amended to replace each Lender party hereto immediately prior to such Additional Commitment Date (each such Lender, a “Pre-existing Lender”) with each Lender party to this Agreement as of such Additional Commitment Date in accordance with each such Lender’s modified Percentage.
The Administrative Agent shall promptly notify each Lender as to the occurrence of each Additional Commitment Date, and (x) on each such date, the Total Commitment under, and for all purposes of, this Agreement and each other Credit Document shall be increased by the aggregate amount of such Additional Commitments and (y) on each such date, the Commitment Schedule shall be deemed modified to reflect the revised Commitments of each affected Lender.
By its execution of this Agreement, the Parent Borrower hereby certifies that no Event of Default under Section 9.1(a) or 9.1(f) of the Credit Agreement has occurred and is continuing immediately prior to and after the Additional Commitment Date.
By its execution of this Agreement, the Parent Borrower hereby certifies that no Specified Default has occurred and is continuing immediately prior to and after the Additional Commitment Date.
On the other hand, Nepal‟s sovereignty and security concern can also be seen in the statement of new Prime Minister K.P.Oli, that “Maintaining good relation with neighboring countries is an important aspect of national security but we cannot jeopardize national security for the sake of maintaining good neighborly relations.”[19] It is clear about this statement that India, now, neither dominant Nepal nor its external relations as had been doing in prior.
Each Lender that is willing to participate in such requested Commitment Increase (each an “Increasing Lender”) shall, in its sole discretion, give written notice to the Administrative Agent on or prior to the Additional Commitment Date of the amount by which it is willing to increase its Commitment.
By its execution of this Agreement, the Parent Borrower hereby certifies that no Event of Default under Section 9(a) or 9(f) of the Credit Agreement has occurred and is continuing immediately prior to and after the Additional Commitment Date.