Aggregate Revolver Commitment definition
Examples of Aggregate Revolver Commitment in a sentence
The amount of any such Aggregate Revolver Commitment or Aggregate WC Commitment, as the case may be, reduction shall not be applied to the Alternative Currency Sublimit or the Revolver Letter of Credit Sublimit unless otherwise specified by the Borrowers.
The amount of any such Aggregate Revolver Commitment, Aggregate WC Interim Commitment or Aggregate WC Commitment, as the case may be, reduction shall not be applied to the Alternative Currency Sublimit or the Revolver Letter of Credit Sublimit unless otherwise specified by the Borrowers.
All commitment fees on the portion of the Aggregate Revolver Commitment so terminated which have accrued to the effective date of any termination of the Aggregate Revolver Commitments shall be paid on the effective date of such termination.
All commitment fees on the portion of the Aggregate Revolver Commitment so terminated which have accrued to the effective date of any termination of the Aggregate Revolver Commitments shall at Administrative Agent’s option either be paid on the effective date of such termination or on the date when such commitment fee would otherwise be due.
Any reduction of the Aggregate Revolver Commitment or Aggregate WC Commitments, as applicable shall be applied to the WC Commitment or Revolver Commitment of each Lender, as applicable, according to its Applicable Percentage.
If for any reason the Outstanding Amount of all Revolver Loans and L/C Obligations at any time exceeds the Aggregate Revolver Commitment then in effect, the Borrower shall immediately prepay Revolver Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess.
All fees accrued until the effective date of any termination of the Aggregate Revolver Commitment or Aggregate WC Commitments, as the case may be, shall be paid on the effective date of such termination.
The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Revolver Commitment or Aggregate WC Commitments, as the case may be.
Subject to the limitations of the preceding sentence, the Aggregate Revolver Commitment may be terminated in whole at any time upon five Business Days' prior written notice to each Bank.
The aggregate face amount of all outstanding Commercial Paper shall not at any time exceed the amount by which the Aggregate Revolver Commitment exceeds the sum of (i) the aggregate principal amount of outstanding Revolving Credit Loans, (ii) the aggregate principal amount of outstanding Swingline Loans, and (iii) the aggregate amount of outstanding Letter of Credit Obligations.