Aggregate Extensions of Credit definition

Aggregate Extensions of Credit means at any time, the aggregate amount of Extensions of Credit of the Banks outstanding at such time.
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Aggregate Extensions of Credit at any particular time, the sum of (a) the aggregate then outstanding principal amount of the Revolving Credit Loans, (b) the aggregate then outstanding principal amount of the Bid Loans, (c) the aggregate amount then available to be drawn under all outstanding Letters of Credit, (d) the aggregate amount of Revolving L/C Obligations and (e) the aggregate then outstanding principal amount of the Swing Line Loans.
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Aggregate Extensions of Credit at any particular time, the sum of (a) the aggregate then outstanding principal amount of the Revolving Credit Loans, (b) the aggregate then outstanding Dollar Equivalent Amount of the principal amount of the Bid Loans, (c) the aggregate amount then available to be drawn under all outstanding Letters of Credit, (d) the aggregate amount of Revolving L/C Obligations and (e) the aggregate then outstanding principal amount of the Swing Line Loans.
Sample 1

Examples of Aggregate Extensions of Credit in a sentence

  • Notwithstanding the foregoing, in no event shall any Revolving Credit Loan or Swing Line Loan be made, or any Letter of Credit be issued, if, after giving effect to such making or issuance and the use of proceeds thereof as irrevocably directed by the Company, the Aggregate Extensions of Credit would exceed the aggregate Revolving Credit Commitments.

  • The Company will implement and maintain internal accounting controls to monitor the borrowings and repayments of Loans by the Company and the issuance of and drawings under Letters of Credit, with the object of preventing any request for an Extension of Credit that would result in the Aggregate Extensions of Credit being in excess of the Revolving Credit Commitments.

  • The Company will immediately make or cause to be made such repayments or prepayments of Loans or, if necessary, cash collateralize Bid Loans as shall be necessary to cause the Aggregate Extensions of Credit to no longer exceed the Revolving Credit Commitments.

  • The Administrative Agent shall have received a Borrowing Base Certificate dated as of April 30, 2005 showing a Borrowing Base as of such date in excess of the Aggregate Extensions of Credit requested to be made on the Closing Date.

  • Within the limits and on the conditions hereinafter set forth with respect to Bid Loans, the Company from time to time may borrow, repay and reborrow Bid Loans; provided that no Bid Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, the Aggregate Extensions of Credit would exceed the aggregate amount of the Revolving Credit Commitments.

  • Within the limits and on the conditions hereinafter set forth with respect to Bid Loans, the Company from time to time may borrow, repay and reborrow Bid Loans; provided that no Bid Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, (A) the Aggregate Extensions of Credit would exceed the aggregate amount of the Revolving Credit Commitments or (B) the Foreign Currency Exposure would exceed $50,000,000.

  • The Company will immediately make or cause to be made such repayments or prepayments of Loans or, if necessary, cash collateralize Bid Loans as shall be necessary to cause (i) the Aggregate Extensions of Credit to no longer exceed the Revolving Credit Commitments and (ii) the Foreign Currency Exposure not to exceed $50,000,000.

  • Within the limits and on the conditions hereinafter set forth with respect to Bid Loans, the Company from time to time may borrow, repay and reborrow Bid Loans; PROVIDED that no Bid Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, the Aggregate Extensions of Credit would exceed the aggregate amount of the Revolving Credit Commitments.


More Definitions of Aggregate Extensions of Credit

Aggregate Extensions of Credit at any time, the sum of the aggregate principal amount of outstanding Term Loans and the Total Revolving Extensions of Credit.
Sample 1

Related to Aggregate Extensions of Credit

  • Revolving Extensions of Credit as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • Total Extensions of Credit at any time, the aggregate amount of the Extensions of Credit of the Lenders outstanding at such time.

  • Extensions of Credit means, as to any Lender at any time, (a) an amount equal to the sum of (i) the aggregate principal amount of all Revolving Credit Loans made by such Lender then outstanding, (ii) such Lender’s Revolving Credit Commitment Percentage of the L/C Obligations then outstanding and (iii) such Lender’s Revolving Credit Commitment Percentage of the Swingline Loans then outstanding, or (b) the making of any Loan or participation in any Letter of Credit by such Lender, as the context requires.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is $300,000,000.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

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

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Aggregate Revolving Credit Commitments means the Revolving Credit Commitments of all the Lenders.

  • Revolving Commitments means, collectively, the Dollar Commitments and the Multicurrency Commitments.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving 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 $1,000,000,000.

  • Aggregate Revolving Loan Commitment means the combined Revolving Loan Commitments of the Lenders, which shall initially be in the amount of $20,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments.

  • Revolving Loans as defined in Section 2.4(a).