Commitment Cap definition

Commitment Cap means, as to each Lender, the amount set opposite its name on Schedule 2.1 as such Lender’s “Commitment Cap” 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 Cap means the amount that is the lesser of subsection (i) and (ii) herein. The value of the Properties shall be acceptable to Wachovia in its sole discretion. Notwithstanding the foregoing, the parties acknowledge and agree that value of the Properties has not yet been determined by Wachovia and therefore, the $4,000,000.000 amount set forth in subsection (i) above may be adjusted prior to the Maturity Date. If said amount is adjusted, Wachovia shall provide written notice to Borrower of any said

Commitment Cap means, at any time, U.S.$ 300,000,000400,000,000 or such other amount in USD as the Borrower and the Lenders otherwise agree (each in their sole and absolute discretion).

Examples of Commitment Cap in a sentence

• Notwithstanding the above, the facility fees payable to each Lender shall be calculated with respect to such Lender’s Commitment Cap, such that in no event shall the aggregate amount of the facility fees paid to any Lender pursuant to this Section 2.8(a) exceed the facility fees that would have been payable to such Lender if the aggregate amount of such Lender’s Commitments were equal to the amount of its Commitment Cap.

• Notwithstanding the foregoing, without the consent of the Required Lenders, no Extended Revolving Commitments may be established following the Restatement Effective Date if after giving effect to the establishment of such Extended Revolving Commitments (and any concurrent reduction in the amount of any other Revolving Commitments) the aggregate amount of Revolving Commitments then in effect would exceed the Revolving Commitment Cap.

• Borrower shall pay to Wachovia a fee equal to one percent (1%) of the Commitment Cap (as defined in subsection (d)) per year.

• Each Commitment Increase shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof (provided that the amount of a Commitment Increase may be less than $10,000,000 if such amount represents all remaining availability under the Incremental Commitment Cap).

• The Commitment Cap shall be reduced dollar for dollar in the amount of the additional paydown.

More Definitions of Commitment Cap

Commitment Cap means, as to each Lender, the amount set opposite its name on Schedule 2.1 as such Lender’s “Commitment Cap” or in the Assignment and Assumption Toyota - 364 Day Credit Agreementpursuant 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 Cap has the meaning specified in Section 2.02(b)(i)(B).

Commitment Cap means, at any time, U.S.$600,000,000 or such other amount in USD as the Borrowers and the Lenders otherwise agree (each in their sole and absolute discretion).” “”Cooperation Agreement” the Cooperation Agreement dated as of July 31, 2018 among the Borrowers and Xxxxxxx Xxxxx Bank USA.”

Commitment Cap means initially One Hundred Five Million Dollars ($105,000,000), with such amount (a) increased pursuant to subsection 2.16 and (b) decreased as provided in subsections 2.3(B) and 2.11; provided, however, the Commitment Cap may not at any time exceed One Hundred Twenty-Five Million Dollars ($125,000,000).

Commitment Cap means $686,000,000, being an amount net of the Transaction Fee.

Commitment Cap shall have the meaning provided in Section 14.3.

Commitment Cap means the amount that is the lesser of subsection (i) and (ii) herein. The value of the Properties shall be acceptable to Wachovia in its sole discretion. Notwithstanding the foregoing, the parties acknowledge and agree that value of the Properties has not yet been determined by Wachovia and therefore, the $4,000,000.00 amount set forth in subsection (i) above may be adjusted prior to the Maturity Date. If said amount is adjusted, Wachovia shall provide written notice to Borrower of any said adjusted amount and that adjusted amount shall replace the $4,000,000.00 amount ser forth in subsection (i) for all purposes and shall be adjusted on the earlier of: (y) the 90th day following the date of written notice to Borrower or (z) the date upon which Borrower has secured financing from an Operations Lender (as set forth in subsection (g) below).