Commitment Increase Offer definition

Commitment Increase Offer as defined in subsection 2.18(a).
Sample 1Sample 2Sample 3
Commitment Increase Offer as defined in subsection 2.25(a). CREDIT AGREEMENT
Sample 1Sample 2
Commitment Increase Offer has the meaning given to such term in Section 2.18.
Sample 1

Examples of Commitment Increase Offer in a sentence

  • Each Commitment Increase Offer shall offer the Lenders the opportunity to participate in the increased Commitments ratably in accordance with their respective Commitment Percentages.

  • If the Lender, in its sole discretion, accepts a Commitment Increase Offer in writing, then the Lender shall be bound by and entitled to the benefits of this Agreement with respect to the full amount of its Revolving Commitment as so increased, and the definition of Revolving Commitment shall be deemed to be amended to so increase the Revolving Commitment of the Lender.

  • In the event that the Borrower wishes to increase the aggregate amount of the Revolving Commitment, it shall notify the Lender of the amount of such proposed increase (such notice, a "Commitment Increase Offer").

  • Each Commitment Increase Offer shall offer the Lenders the opportunity to participate in the increased Revolving Credit Commitments ratably in accordance with their respective Commitment Percentages.

  • Each Commitment Increase Offer shall offer the Lenders the opportunity to participate in the increased Commitments ratably in accordance with their respective Facility A Commitment Percentages and Facility B Commitment Percentages.

  • In the event that any Lender (each, a “Declining Lender”) shall fail to accept in writing a Commitment Increase Offer within 10 Business Days after receiving the same, all or any portion of the proposed increase in the Commitments offered to the Declining Lenders (the aggregate of such offered amounts, the “Declined Amount”) may instead be allocated to any one or more Eligible Assignees pursuant to clause (ii) below and/or to any one or more existing Lenders pursuant to clause (iii) below.

  • Each Commitment Increase Offer shall offer the Lenders the opportunity to participate in the increased Commitments ratably in accordance with their respective Applicable Percentages.

  • Each Commitment Increase Offer shall offer the Lenders which have Revolving Credit Commitments the opportunity to participate in the increased Revolving Credit Commitments ratably in accordance with their respective Applicable Percentages.

  • Each Commitment Increase Offer shall request an aggregate Commitment increase of at least $25,000,000.


More Definitions of Commitment Increase Offer

Commitment Increase Offer has the meaning given to such term in Section 2.18. “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute. ​
Sample 1

Related to Commitment Increase Offer

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Commitment Increase Agreement has the meaning assigned to such term in Section 2.20.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

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

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Incremental Facility has the meaning specified in Section 2.16(a).

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

  • Initial Revolving Credit Commitment means, with respect to any Person, the commitment of such Person to make Initial Revolving Loans (and acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on the Commitment Schedule, or in the Assignment Agreement pursuant to which such Person assumed its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 or 2.19, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05 or (c) increased pursuant to Section 2.22. The aggregate amount of the Initial Revolving Credit Commitments as of the Closing Date is $75,000,000.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • 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.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

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

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

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

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.