Examples of Aggregate Revolving Credit Commitment Amount in a sentence
Notwithstanding anything to the contrary contained herein, no Lender shall be obligated to make a Competitive Bid Loan if immediately after making such Competitive Bid Loan, the Aggregate Credit Exposure would exceed the Aggregate Revolving Credit Commitment Amount.
Simultaneously with each reduction of the Aggregate Revolving Credit Commitment Amount, the Borrower shall pay the Facility Fee accrued and unpaid on the amount by which the Aggregate Revolving Credit Commitment Amount is being reduced.
Each reduction of the Aggregate Revolving Credit Commitment Amount shall be made by reducing each Lender's Revolving Credit Commitment Amount by an amount equal to such Lender's Commitment Percentage of such reduction.
The Facility Fee shall be payable (i) quarterly in arrears on the last day of each March, June, September and December during such period commencing on the first such day following the Effective Date, (ii) on the date of any reduction in the Aggregate Revolving Credit Commitment Amount (to the extent of such reduction) and (iii) on the last day of the Revolving Credit Commitment Period.
Each reduction of the Aggregate Revolving Credit Commitment Amount shall be made by reducing each Lender’s Revolving Credit Commitment Amount by an amount equal to such Lender’s Commitment Percentage of such reduction.
The Facility Fee shall be payable (i) quarterly in arrears on the last day of each March, June, September and December during the Revolving Credit Commitment Period, commencing on the first such day following the Effective Date, (ii) on the date of any reduction in the Aggregate Revolving Credit Commitment Amount (to the extent of the amount which shall have accrued on the amount of such reduction), and (iii) on the Revolving Credit Maturity Date.
Accrued Utilization Fees shall be payable in arrears on the last day of March, June, September and December of each year and each date on which the Aggregate Revolving Credit Commitment Amount is permanently reduced, commencing on the first such date to occur after the Effective Date.
The Borrower agrees to pay, in Dollars, to the Administrative Agent, for the account of the Lenders in accordance with each Lender’s Commitment Percentage, a fee (the “Facility Fee”), during the Revolving Credit Commitment Period, at a rate per annum equal to the Applicable Margin on the actual daily Aggregate Revolving Credit Commitment Amount, regardless of usage.
Simultaneously with each reduction of the Aggregate Revolving Credit Commitment Amount under this Section, the Borrower shall pay the Commitment accrued on the amount by which the Aggregate Revolving Credit Commitment Amount has been reduced and prepay the Revolving Credit Loans and the Swing Line Loans as required by Section 2.7(b).
If on any date that the Dollar Equivalent is required to be calculated pursuant to Section 11.9 the Aggregate Credit Exposure shall exceed the Aggregate Revolving Credit Commitment Amount, the Borrower shall prepay the Loans in an aggregate principal amount such that immediately after giving effect thereto, the Aggregate Credit Exposure shall not exceed the Aggregate Revolving Credit Commitment Amount.