Aggregate Elected Revolving Commitment Amount definition

Aggregate Elected Revolving Commitment Amount means, at any time, an amount equal to the sum of the aggregate Elected Revolving Commitments, as the same may be increased, reduced or terminated pursuant to Section 2.16. The Aggregate Elected Revolving Commitment Amount as of the First Amendment Effective Date is $630,000,000.00.
Sample 1Sample 2
Aggregate Elected Revolving Commitment Amount means, at any time, an amount equal to the sum of the aggregate Elected Revolving Commitments, as the same may be increased, reduced or terminated pursuant to Section 2.16. The Aggregate Elected Revolving Commitment Amount as of the Fourth Amendment Effective Date is $1,100,000,000.00.
Sample 1
Aggregate Elected Revolving Commitment Amount at any time means the sum of the Elected Revolving Commitments, as the same may be increased, reduced or terminated from time to time pursuant to Section 2.06. As of Initial Fall 2023 Acquisition Closing Date, the Aggregate Elected Revolving Commitment Amount is $1,000,000,000 plus, in the event the Initial Fall 2023 Acquisition Closing Date occurs in respect of the Hxxxx Xxxxxxxxxxx or the Maple Acquisition, the amount of the Aggregate Elected Revolving Commitment Amount increase provided for in Section 2.06(d)(i) or Section 2.06(d)(ii), as applicable.
Sample 1

Examples of Aggregate Elected Revolving Commitment Amount in a sentence

  • The Aggregate Revolving Commitments shall at all times be equal to the least of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b), (ii) the Aggregate Elected Revolving Commitment Amount after adjustments resulting from increases or reductions pursuant to Section 2.03(d), or (iii) the Borrowing Base as determined from time to time.

  • Upon any reduction of the Aggregate Maximum Credit Amount that would otherwise result in the Aggregate Maximum Credit Amount being less than the Aggregate Elected Revolving Commitment Amount, the Aggregate Elected Revolving Commitment Amount shall be automatically reduced (ratably among the Revolving Lenders) so that it equals the Aggregate Maximum Credit Amount as so reduced.

  • If at any time the Aggregate Maximum Credit Amounts, the Available Borrowing Base or the Aggregate Elected Revolving Commitment Amount are terminated or reduced to zero, then, on the effective date of such termination or reduction, the Total Revolving Commitment (and the Revolving Commitment of each Revolving Bank) shall terminate.

  • If at any time the Aggregate Maximum Credit Amount, the Borrowing Base (solely during a Borrowing Base Period) or the Aggregate Elected Revolving Commitment Amount are terminated or reduced to zero, then the Revolving Commitments shall terminate on the effective date of such termination or reduction.

  • If at any time the Aggregate Maximum Credit Amounts, the Borrowing Base or the Aggregate Elected Revolving Commitment Amount is terminated or reduced to zero, then the Revolving Commitments shall terminate on the effective date of such termination or reduction.

  • Upon any reduction of the Aggregate Maximum Credit Amount that results in the Aggregate Maximum Credit Amount being less than the sum of the Aggregate Elected Revolving Commitment Amount plus the Total Term Loan Exposures, the Aggregate Elected Revolving Commitment Amount shall be automatically reduced (ratably among the Revolving Banks) so that it equals the Aggregate Maximum Credit Amount as so reduced minus the Total Term Loan Exposures.

Related to Aggregate Elected Revolving Commitment Amount

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Aggregate Revolving Commitments means, collectively, all Revolving Commitments of all Lenders at any time outstanding.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

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

  • Revolving Commitment Percentage means, for each Lender, a fraction (expressed as a percentage carried to the ninth decimal place), the numerator of which is such Lender’s Revolving Commitment and the denominator of which is the Aggregate Revolving Commitments. The initial Revolving Commitment Percentages are set forth on Appendix A.