Bridge Commitments definition

Bridge Commitments means the Commitments (as defined in the Bridge Credit Agreement).

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Bridge Commitments means the commitments of the lenders party to the Bridge Commitment Letter to make loans to the Borrower.

Bridge Commitments means the “Commitments” under and as defined in the Bridge Loan Agreement.

Examples of Bridge Commitments in a sentence

In no event shall any Commitment Party be required to fund (i) Takeout Commitments if Bridge Commitments are funded or (ii) Bridge Commitments if Takeout Commitments are funded.
All fees (including, without limitation, Commitment Fees) and interest in respect of the Aggregate Bridge Commitments accrued until the Bridge Commitment Termination Date shall be paid on the Bridge Commitment Termination Date.
Immediately upon each Assignee's making its payment under the Assignment and Acceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Bridge Commitments arising therefrom.
In addition, the Agents and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry, and service providers to the Agents and the Lenders in connection with the administration and management of this Agreement, the other Loan Documents, the Bridge Commitments, and the Credit Extensions.
Notwithstanding anything in the foregoing to the contrary, for purposes of this Section 2.04 (other than the first proviso in the first sentence of clause (a) above), all references to the Revolving Lenders shall exclude Revolving Lenders holding Bridge Commitments (but solely to the extent of such Bridge Commitments), all references to the Revolving Commitments shall exclude Bridge Commitments, and the Applicable Percentage shall be calculated without taking into account the Bridge Commitments.
If, as a result of such reduction, the Revolving Loans hereunder would exceed the Aggregate Revolving Commitments in effect as of the Bridge Commitment Termination Date, the Borrower shall contemporaneously with such reduction or termination, pay the Agent, for the benefit of the Revolving Lenders with Bridge Commitments, an amount equal to such excess.
Repayments and Commitment Reductions: Bridge Loans may be prepaid and Bridge Commitments may be reduced, in whole or in part, in minimum amounts equal to $1,000,000 or a whole multiple thereof, at the option of the Borrower at any time upon three days’ prior notice, without premium or penalty but subject to reimbursement of the Lenders’ redeployment costs in the case of a prepayment of Bridge Loans prior to the last day of the relevant interest period.
The Borrower may, upon 3 Business Days' notice to the Agent, terminate at any time, or proportionately permanently reduce from time to time by an aggregate amount of $1,000,000 or any larger multiple of $1,000,000, the unused portions of the Bridge Commitments.
Without limiting the foregoing, any reduction of any Initial Lender’s and its affiliates’ Bridge Commitments pursuant to an assignment of Bridge Commitments to Lenders to the extent such assignment is permitted under this Section 2, or a reduction of the overall Bridge Commitments of any Initial Lender and its affiliate, shall be allocated between such Initial Lender and its affiliates’ Bridge Commitments as determined by such Initial Lender in its discretion.
The agreements in this Section shall survive the resignation of any Agent, the replacement of any Bridge Lender, the termination of the Aggregate Bridge Commitments and the repayment, satisfaction or discharge of all the other Obligations.

More Definitions of Bridge Commitments

Bridge Commitments means the commitments in respect to the facilities under each of (i) that certain Commitment Letter dated as of October 4, 2019 among Pacific Gas and Electric Company, as the borrower, PG&E Corporation and the commitment parties from time to time party thereto, as amended, modified or supplemented from time to time prior to the date hereof and (ii) that certain Commitment Letter dated as of October 4, 2019 among PG&E Corporation as the borrower, Pacific Gas and Electric Company and the commitment parties from time to time party thereto, as amended, modified or supplemented from time to time prior to the date hereof.

Bridge Commitments means the $34,000,000,000 in aggregate bridge commitments committed to be provided under the Bridge Commitment Letter, as such amounts may be increased or permanently reduced pursuant to the terms thereof.

Bridge Commitments means the commitments to provide a bridge facility to fund, in part, the Acquisition, including the payment of existing Target indebtedness, and to pay all or a portion of the costs incurred by the Company or any of its subsidiaries in connection with the Transactions, pursuant to the terms of the commitment letter, dated as of May 15, 2017, among the Company, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA and ▇▇▇▇▇▇▇ Sachs Lending Partners LLC, as supplemented by the Supplemental Commitment Letter, dated as of May 26, 2017, among the Company, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, ▇▇▇▇▇▇▇ Sachs Lending Partners LLC, and, as joining parties Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd. and The Bank of Tokyo-Mitsubishi UFJ, Ltd.

Bridge Commitments means, as to each Lender, the obligation of such Lender to make Loans on the Funding Date, in an aggregate principal amount up to but not exceeding the amount set forth opposite such Lender’s name on Schedule I hereto under the caption “Bridge Commitment”, as such Bridge Commitment may be reduced from time to time pursuant to the terms hereof. The original aggregate amount of the Bridge Commitments is $850,000,000.

Bridge Commitments means, prior to the closing of the Bridge Facility, the commitments provided by the “Commitment Parties” (as defined in the Bridge Commitment Letter) pursuant to the Bridge Commitment Letter and after the closing of the Bridge Facility, the commitments provided by the lenders under the Bridge Facility pursuant to the Bridge Facility.