Adjusted Commitment definition

Adjusted Commitment means on any date of determination, with respect to a Committed Purchaser for a CP Conduit, such Committed Purchaser’s Commitment minus the sum of (a) the Class B Principal Balance held by such Committed Purchaser plus (b) the aggregate outstanding principal amount of its Support Advances to such CP Conduit (but excluding any Support Advances made to fund such CP Conduit’s obligations to pay interest, fees or other similar amounts relating to the funding of its making or maintaining its purchases hereunder).

Adjusted Commitment for each Non-Defaulting Bank shall mean at any time the product of such Bank's Adjusted Percentage and the Adjusted Total Commitment.

Adjusted Commitment means on any date of determination with respect to an Alternate Purchaser for a Conduit, such Alternate Purchaser’s Commitment minus the sum of (a) the portion of the Purchaser Invested Amount with respect to the Purchaser Group of which such Conduit is a member funded by such Alternate Purchaser and (b) the portion of such Purchaser Invested Amount an interest in which was acquired by such Alternate Purchaser acting as a Liquidity Provider pursuant to a Liquidity Agreement.

Examples of Adjusted Commitment in a sentence

• Each Backstop Party that is not a Defaulting Backstop Party (each, a “Non-Defaulting Backstop Party”) shall have the right, but not the obligation, to assume its Adjusted Commitment Percentage (or such other proportion as agreed by the Non-Defaulting Backstop Parties) of such Defaulting Backstop Party’s Backstop Commitment.

• Each Balance Bank (other than Non-Lender Balance Banks) shall retain its Adjusted Commitment Percentage share of the Face Amount of each Discount Advance, which shall constitute a Discount Loan owing to the Balance Bank.

• Upon the election of the Swingline Lender at any time, all outstanding Swingline Advances (including Swingline Advances made pursuant to Section 2.5(c) below) designated by the Swingline Lender shall be reallocated among all Lenders in accordance with each Lender's Adjusted Commitment Percentage, and each such Swingline Advance shall thereafter be deemed for all purposes a Federal Funds Advance.

• Upon a reduction of the Aggregate Commitment pursuant to the preceding sentence, each Lender's General Commitment shall be decreased pro rata in accordance with such Lender's Adjusted Commitment Percentage.

• A portion of each Discount Advance (or, in the case of Non-Lender Balance Banks, the entire Discount Advance made in accordance with the terms of this Agreement), shall be sold simultaneously with the funding by the Balance Bank to the other Lenders (each a "Purchasing Lender") on a pro rata basis in accordance with each such Lender's Adjusted Commitment Percentage.

More Definitions of Adjusted Commitment

Adjusted Commitment. On any date of determination, with respect to a Committed Lender for a Conduit Lender, such Committed Lender’s Commitment minus the aggregate outstanding principal amount of its Support Advances to such Conduit Lender.

Adjusted Commitment means with respect to any date of determination, with respect to an Owner, such Owner’s Commitment, minus the aggregate outstanding principal amount of its Support Advances to the Conduit Purchasers in its related Ownership Group as of such date.

Adjusted Commitment shall have the meaning assigned to such term in Section 5.09(b).

Adjusted Commitment means on any date of determination, with respect to a Liquidity Purchaser for a Conduit Purchaser, such Liquidity Purchaser's Commitment minus the aggregate outstanding principal amount of its Support Advances to such Conduit Purchaser (excluding any portion thereof advanced to such Conduit Purchaser to fund interest, discount, fees, expenses or similar amounts in respect of Commercial Paper Notes or other indebtedness of such Conduit Purchaser or in respect of the Class A-1 Certificates).

Adjusted Commitment. On any date of determination, with respect to a Noteholder, such Noteholder's Commitment under the Note Purchase Agreement or Class E-2 Note Purchase Agreement, as applicable, minus the Outstanding Note Balance held by such Noteholder.

Adjusted Commitment means, on any date of determination, (a) with respect to a Committed Lender for a Conduit Lender, such Committed Lender’s Commitment minus the aggregate outstanding principal amount of its Support Advances to such Conduit Lender and (b) with respect to any other Committed Lender, its Commitment.

Adjusted Commitment has the meaning set forth in the definition of “Commitment”.