Class B Revolving Commitment means the commitment of a Class B Lender to make or otherwise fund any Class B Revolving Loan and “Class B Revolving Commitments” means such commitments of all Class B Lenders in the aggregate. The Administrative Agent shall update Appendix A from time to time to reflect any changes in Class B Revolving Commitments. The Class B Revolving Commitment of each Class B Lender will be equal to zero on the Revolving Commitment Termination Date.
Class B Revolving Commitment means (a) on or after Amendment No. 5 Effective Date, with respect to each Original Revolving Lender that is party to Amendment No. 5, the amount set forth on Schedule I-B to Amendment No. 5 opposite such Xxxxxx’s name as such Xxxxxx’s Commitment under the heading “Class B Revolving Commitments”, which Commitment shall terminate on the Revolving Maturity Date, as such Class B Revolving Commitment may be reduced from time to time pursuant to the terms hereof, (b) in the case of any Lender that receives an assignment of any portion of a Class B Revolving Commitment, the amount specified as such Xxxxxx’s “Class B Revolving Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the Total Class B Revolving Commitment, as such Class B Revolving Commitment may be reduced from time to time pursuant to the terms hereof and (c) in the case of any Class B Revolving Lender that increases its Class B Revolving Commitment or becomes an Incremental Revolving Credit Commitment Increase Lender, in each case pursuant to Section 2.142.20, the amount specified in the applicable Incremental Agreement, as such Class B Revolving Commitment may be reduced from time to time pursuant to the terms hereof. As of Amendment No. 5 Effective Date, the aggregate amount of the Class B Revolving Commitments outstanding is $170,000,000.
Class B Revolving Commitment means the commitment of a Class B Revolving Lender to make or otherwise fund any Class B Revolving Loan and “Class B Revolving Commitments” means such commitments of all Class B Revolving Lenders in the aggregate. The amount of each Class B Revolving Lender’s Class B Revolving Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Class B Revolving Commitments as of the Amendment Effective Date is $17,647,000. The Class B Revolving Commitment of each Class B Revolving Lender will be equal to zero on the Revolving Commitment Termination Date.
Examples of Class B Revolving Commitment in a sentence
Notwithstanding the foregoing, no increase in the Revolving Commitment, (or in the Class B Revolving Commitment of any Lender) shall become effective under this paragraph if on the proposed date of the effectiveness of such increase, an Event of Default has occurred and is continuing.
During the Class B Revolving Commitment Period, the Borrower may use the Class B Revolving Commitments by borrowing, prepaying the Class B Revolving Loans in whole or in part, and reborrowing, all in the accordance with the terms and conditions hereof.
The amount of each Class B Lender’s Class B Revolving Loans and Class B Revolving Commitment on the Amendment No. 6 Effective Date shall be equal to the amount reflected on the Register on the Amendment No. 6 Effective Date, which amount shall be conclusive absent manifest error.
The Company may, with the consent of Administrative Agent in its sole discretion (which consent may, for avoidance of doubt, be conditioned upon the effectiveness of an amendment or modification to one or more Credit Documents), from time to time elect to increase the Class B Revolving Commitment, so long as, after giving effect thereto, the aggregate amount of all such increases does not exceed $9,375,000.
For the avoidance of doubt, the conversion of a Class B Revolving Commitment into a Class A Revolving Commitment pursuant to an Incremental Amendment shall not be considered a reduction of Revolving Commitments and the provisions of this Section 2.08 shall not apply to such conversion.
More Definitions of Class B Revolving Commitment
Class B Revolving Commitment means, with respect to each Class B Revolving Lender, the commitment of such Class B Revolving Lender to make Class B Revolving Loans expressed as an amount representing the maximum aggregate amount of such Class B Revolving Lender’s Class B Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The amount of each Class B Revolving Lender’s Class B Revolving Commitment as of the Effective Date or as of the date on which such Class B Revolving Lender shall have assumed its Class B Revolving Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Class B Revolving Lender shall have assumed its Class B Revolving Commitment, as applicable. The initial aggregate amount of the Lenders’ Class B Revolving Commitments is $5,000,000.
Class B Revolving Commitment with respect to each Class B Lender, the obligation of such Class B Lender, if any, to make Class B Revolving Loans and participate in Swingline Loans and Letters of Credit in an aggregate principal and/or face amount not to exceed the amount set forth opposite its name on Schedule 1.1A hereto under the heading “Class B Revolving Commitment Amounts” or as may subsequently be set forth in the Register from time to time, as the same may be (x) reduced from time to time pursuant to Sections 2.12 and 2.14 or (y) increased from time to time pursuant to Section 2.25. The aggregate Class B Revolving Commitments of all Class B Lenders shall be $170,000,000 on the Amendment No. 6 Effective Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement.
Class B Revolving Commitment means the commitment of a Class B Revolving Lender to make or otherwise fund any Class B Revolving Loan and “Class B Revolving Commitments” means such commitments of all Class B Revolving Lenders in the aggregate. The aggregate amount of the Class B Revolving Commitments as of the Closing Date is $0. The amount of any Class B Revolving Lender’s Class B Revolving Commitment after the Closing Date will be set forth in a Joinder Agreement. The Administrative Agent shall update Appendix A from time to time to reflect any changes in Class B Revolving Commitments. The Class B Revolving Commitment of each Class B Revolving Lender will be equal to zero on the Revolving Commitment Termination Date.
Class B Revolving Commitment means the commitment of a Class B Revolving Lender to make or otherwise fund any Class B Revolving Loan and “Class B Revolving Commitments” means such commitments of all Class B Revolving Lenders in the aggregate. The aggregate amount of the Class B Revolving Commitments as of the Fourth Amendment Effective Date is $19,736,850. The Administrative Agent shall update Appendix A from time to time to reflect any changes in Class B Revolving Commitments. The Class B Revolving Commitment of each Class B Revolving Lender will be equal to zero on the Revolving Commitment Termination Date.
Class B Revolving Commitment means, with respect to each Class B Revolving Lender, the commitment, if any, of such Class B Revolving Lender to make Class B Revolving Loans, including Foreign Currency Loans, expressed as an amount representing the maximum aggregate amount of such Class B Revolving Lender’s Class B Revolving Exposure, including Foreign Currency Exposure, hereunder, as such commitment may be
Class B Revolving Commitment as defined in this Agreement as in effect immediately prior to Amendment No. 11
Class B Revolving Commitment means, with respect to each Lender, the commitment of such Lender to make Class B Revolving Loans in an aggregate principal amount at any time outstanding up to such Lender’s Class B Revolving Committed Amount as specified in Schedule 2.1(a) (subject to adjustment on account of assignment pursuant to the provisions of Section 11.6(c) hereof), as such amount may be reduced from time to time in accordance with the provisions hereof.