Commitment Reduction Premium definition

Commitment Reduction Premium is defined in Section 2.2.
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Commitment Reduction Premium means, with respect to any Commitment Reduction Date occurring on or prior to the second anniversary of the Closing Date, an amount equal to a percentage of the Commitment Reduction Amount, which percentage shall be determined by linear interpolation (and rounded to the nearest 0.0001%) during the period from the Closing Date, as to which the percentage shall be 0.5%, through the second anniversary of the Closing Date, as to which the percentage shall be 0.1%. No Commitment Reduction Premium shall be payable with respect to any Commitment Reduction Date occurring after the second anniversary of the Closing Date. The Administrative Agent shall notify the Lenders, Xxxxx’x and S&P of receipt of notice of any voluntary reduction of the Total Maximum Commitment hereunder promptly following receipt of such notice. For the purposes of this Section 2.2, the Commitment of a Designated CP Conduit and the Commitment of its corresponding Designated CP Conduit Committed Lender shall be treated as a single Commitment and shall each be reduced by an equal amount, and the reduction of any Other CP Conduit’s Commitment shall be deemed to effect a corresponding reduction in the obligations of its related Liquidity Provider.
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Commitment Reduction Premium means, with respect to any applicable Commitment reduction or termination pursuant to Section 2.09(f), an amount equal to 1.00% of the aggregate principal amount of such Commitment reduction or termination.
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Examples of Commitment Reduction Premium in a sentence

  • Without in any way limiting the Company’s obligations under Section 6.6, no later than the first Business Day following the date of receipt by the Company of any Net Asset Sale Proceeds, subject to Section 2.11(i), the Company shall prepay the Loans in an aggregate amount equal to such Net Asset Sale Proceeds and the Revolving Commitments shall be permanently reduced, in each case, as set forth in Section 2.12, and the Company shall pay the applicable Commitment Reduction Premium and/or Prepayment Premium.

  • No later than the first Business Day following the date of receipt by the Company, or the Administrative Agent as loss payee, of any Net Insurance Proceeds, subject to Section 2.11(i), the Company shall prepay the Loans in an aggregate amount equal to such Net Insurance Proceeds and the Revolving Commitments shall be permanently reduced, in each case, as set forth in Section 2.12, and the Company shall pay the applicable Commitment Reduction Premium and/or Prepayment Premium.

  • On the first anniversary of the Closing Date, the Administrative Agent shall withdraw from the Prepayment Account an amount equal to the Mandatory Prepayment Proceeds Amount and apply all such proceeds to the outstanding principal balance of the Loans in an aggregate amount equal to such proceeds and the Revolving Commitments shall be permanently reduced, in each case, as set forth in Section 2.12, and the Company shall pay the applicable Commitment Reduction Premium and/or Prepayment Premium.

  • On the date of receipt by the Company of any tax refunds in excess of $50,000 in the aggregate in any Fiscal Year, the Company shall prepay the Loans in the amount of such tax refunds in excess of $50,000 and the Revolving Commitments shall be reduced, in each case, as set forth in Section 2.12, and the Company shall pay the applicable Commitment Reduction Premium and/or Prepayment Premium.


More Definitions of Commitment Reduction Premium

Commitment Reduction Premium means, with respect to any Commitment Reduction Date occurring on or prior to June 30, 2007, an amount equal to the present value of the Commitment Reduction Percentage of the remaining commitment fees calculated as follows:
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Commitment Reduction Premium as defined in Section 2.10(d).
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Commitment Reduction Premium means, with respect to any Commitment Reduction Date occurring on or prior to December 15, 2008, an amount equal to a percentage of the Commitment Reduction Amount, which percentage shall be determined by linear interpolation (and rounded to the nearest 0.0001%) during the period from December 15, 2006, as to which the percentage shall be 0.5%, through December 15, 2008, as to which the percentage shall be 0.1%.
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Commitment Reduction Premium means, with respect to any Commitment reduction or termination, a prepayment premium equal to 2.0% of the amount of such Commitment reduction or termination.
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Related to Commitment Reduction Premium

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Prepayment Percentage for such Distribution Date will be zero.

  • Increase Amount is defined in Section 2.3(a).

  • Class B-3 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-3 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-3 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-3 Prepayment Percentage for such Distribution Date will be zero.

  • FX Reduction Amount is defined in Section 2.1.3.

  • 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.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

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

  • Class B-4 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Prepayment Percentage for such Distribution Date will be zero.

  • 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.

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Class B Prepayment Percentage Any of the Class B-1 Prepayment Percentage, Class B-2 Prepayment Percentage, Class B-3 Prepayment Percentage, Class B-4 Prepayment Percentage, Class B-5 Prepayment Percentage or Class B-6 Prepayment Percentage.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Class B-1 Prepayment Percentage As to any Distribution Date, the percentage calculated by multiplying the Subordinated Prepayment Percentage by either (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), one.

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Prepayment Shift Percentage Not applicable.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • 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).

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • 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 $150,000,000.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.