Commitment Excess definition

Commitment Excess has the meaning specified therefor in Section 2.4(e)(i).
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Commitment Excess means, as to each Lender, the amount, as of any date of determination, by which (x) the aggregate principal amount of Advances of such Lender that remains outstanding exceeds (y) such Lender’s Commitment as of such date.
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Commitment Excess means, as to each Lender, the amount, as of any date of determination, by which (x) the aggregate principal amount of Advances of such Lender that remains outstanding exceeds (y) such Xxxxxx’s Commitment as of such date.
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Examples of Commitment Excess in a sentence

  • If, at any time, the Revolver Usage on such date exceeds (A) the Borrowing Base (such excess being referred to as the “Borrowing Base Excess”) or (B) the Maximum Revolver Amount (such excess being referred to as the “Commitment Excess”), then Borrower shall, subject to Section 2.5, promptly, but in any event, within 3 Business Days prepay the Obligations in accordance with Section 2.4(f) in an aggregate amount equal to the greater of the Borrowing Base Excess and the Commitment Excess.

  • At any time that the amount of remaining unused Commitments is insufficient or reasonably expected to be insufficient to pay all Project Costs necessary to attain Final Completion, the Borrower must within 30 days thereof, either provide additional funds in an amount equal to the excess of such Project Costs over such Commitment ("Excess Costs") or provide credit support, satisfactory in form and substance to the Lenders and their respective counsel, in an amount equal to such Excess Costs.

  • To the extent not previously reduced pursuant to paragraph (a) above, to or below the following amount, the Aggregate Commitment shall be automatically and permanently reduced at the time of (i) any borrowing under any New CP Facility, by the amount of the related payment required by Section 8.11(d) hereof, and (ii) the occurrence of any Commitment Excess, by the amount equal to an integral multiple of $500,000 necessary to reduce the Commitment Excess to an amount equal to or less than $25,000,000.

  • The Borrower agrees that if at any time the aggregate principal amount of all Revolving Credit Loans (including the aggregate principal amount of all Swing Line Loans outstanding and the Letter of Credit Undrawn Availability) exceeds the Revolving Credit Facility Commitment ("Excess Amount"), the Borrower shall promptly pay to the Agent such Excess Amount.


More Definitions of Commitment Excess

Commitment Excess has the meaning set forth in Section 2.22.
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Commitment Excess means, as of any date occurring on and after the Commitment Adjustment Date, with respect to each Initial Lender, an amount equal to the excess (if any) of (a) the Outstanding Amount of such Initial Lender’s Loans over (b) such Initial Lender’s Adjusted Commitment.
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Commitment Excess which means, on the first Settlement Date only on which the Commitment shall be reduced pursuant to this clause (v), the amount (if any) by which the Maximum Net Advances immediately prior to such Settlement Date exceeds the sum of the Advances under the Receivables Funding Agreement and the Advances under this Agreement on such Settlement Date.
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Commitment Excess means the amount by which (a) the Aggregate Commitment exceeds (b) the outstanding principal amount of all Loans.
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Related to Commitment Excess

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $200,000,000.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $25,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Aggregate Revolving Commitments means, collectively, all Revolving Commitments of all Lenders at any time outstanding.

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Available Commitment means a Lender’s Commitment minus:

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • 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.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving 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.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Available Unused Commitment means, with respect to a Revolving Facility Lender under any Class of Revolving Facility Commitments at any time, an amount equal to the Dollar Equivalent of the amount by which (a) the applicable Revolving Facility Commitment of such Revolving Facility Lender at such time exceeds (b) the applicable Revolving Facility Credit Exposure of such Revolving Facility Lender at such time.

  • Incremental Commitment means any commitment made by a lender to provide all or any portion of any Incremental Facility or Incremental Loan.

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Restatement Date is $265,000,000.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.