Aggregate Facilities Commitment definition
Examples of Aggregate Facilities Commitment in a sentence
The Administrative Agent shall promptly notify the Lenders of any such notice of reduction or termination of the Aggregate Facilities Commitment.
As of any date, the Banks which hold collectively at least seventy percent (70%) of the Aggregate Facilities Commitment.
All commitment and utilization fees accrued until the effective date of any termination of the Aggregate Facilities Commitment shall be paid on the effective date of such termination.
Once reduced in accordance with this Section, the Aggregate Facilities Commitment may not be increased.
The Company agrees from the Effective Date until payment in full of all Obligations and termination of the Aggregate Facilities Commitment and the Receivables Purchase Agreement, unless Requisite Lenders shall otherwise give prior written consent, the Company will perform all covenants in this Section 6.
As of any date, the Banks which hold collectively at least fifty-one percent (51%) of the Aggregate Facilities Commitment.
Any reduction of the Aggregate Facilities Commitment shall be applied to the Commitment of each Lender according to its Pro Rata Share.
Except as provided in (b) below, no such reduction of the Aggregate Facilities Commitment pursuant hereto shall reduce the Purchasers’ Investment Limit unless and until such Aggregate Facilities Commitment, as reduced, is less than the Purchaser’s Investment Limit.
The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Pro Rata Share, a commitment fee equal to the Applicable Rate for the commitment fee times the actual daily amount by which the Aggregate Facilities Commitment exceed the aggregate outstanding amount of the Loans plus the Purchasers’ Investment.
The Company agrees from the Effective Date until payment in full of all Obligations and termination of the Aggregate Facilities Commitment and the Receivables Purchase Agreement, unless Requisite Lenders shall otherwise give prior written consent, the Company will perform all covenants in this Section 7.