Commitment definition

Commitment means a Term Commitment or a Revolving Credit Commitment, as the context may require.

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Commitment means, as to each Lender, its obligation to make Committed Loans to the Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

Commitment means, as to each Lender, its obligation to (a) make Committed Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

Examples of Commitment in a sentence

Each partial assignment shall be made as an assignment of a proportionate part of all the assigning ▇▇▇▇▇▇’s rights and obligations under this Agreement with respect to the Loan or the Commitment assigned.
After giving effect to any Commitment Increase, the outstanding Initial Revolver Loans may not be held pro rata in accordance with the new Initial Revolver Commitments.
Administrative Agent may, with the consent of the Required Lenders (and upon the direction of the Required Lenders, shall) terminate, any Revolver Commitment upon or after the occurrence and during the continuance of an Event of Default as provided in Section 11.2 hereof.
The obligations of each Lender hereunder are several, and no Lender shall be responsible for the obligations or Revolver Commitment of any other Lender.
Upon at least 5 Business Days’ prior written notice to Administrative Agent, Borrower Representative may, at its option, terminate any Revolver Commitment; provided, however, no such termination by Borrower Representative shall be effective until all of the Obligations have been paid in full.

More Definitions of Commitment

Commitment means the unfunded portion of a line of credit or other commitment reflected on the books and records of the Failed Bank to make an extension of credit (or additional advances with respect to a Loan) that was legally binding on the Failed Bank as of Bank Closing, other than extensions of credit pursuant to the credit card business and overdraft protection plans of the Failed Bank, if any.

Commitment means any Revolving Commitment or Term Loan Commitment.

Commitment means, with respect to any Lender, such Lender’s Revolving Credit Commitment and Term Loan Commitment.

Commitment means, as to each Lender, the Revolving Commitment of such Lender.

Commitment has the meaning specified in Section 2.01.

Commitment means, for each Lender, the obligation of such Lender to make Loans not exceeding the amount set forth opposite its signature below or as set forth in any Notice of Assignment relating to any assignment that has become effective pursuant to Section 12.3.2, as such amount may be modified from time to time pursuant to the terms hereof.

Commitment means a Revolving Commitment or Term Commitment, or any combination thereof (as the context requires).