Commitment Reductions definition

Commitment Reductions means the amount of the permanent reductions of the Revolving Credit Commitment Amount resulting from the application of Section 2.11, 2.13 or any other provision contained herein.
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Commitment Reductions. The commitments under Revolving Credit Facility/Letter of Credit facility shall be mandatorily reduced in the amount of the above described mandatory prepayments (other than with respect to mandatory prepayments relating to Recovery Events) in the same manner as set forth in the Existing Credit Agreement (for the avoidance of doubt, as if the Relief Period were in effect).
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Commitment Reductions. The Senior Credit Facilities may be prepaid at any time in whole or in part without premium or penalty, upon written notice, at the option of the applicable Borrower, except (x) that any prepayment of LIBOR advances other than at the end of the applicable interest periods therefor shall be made with reimbursement for any funding losses and redeployment costs of the Lenders resulting therefrom and (y) as set forth in “Repayment Premium” below. Each optional prepayment of the Term Loan Facility shall be applied as directed by the Company. The unutilized portion of any commitment under the Senior Credit Facilities may be reduced permanently or terminated by the Company at any time without penalty.
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Examples of Commitment Reductions in a sentence

  • Prepayments and --------------------------------------------------------- Commitment Reductions.

  • Optional Prepayments and Commitment Reductions: Loans may be prepaid and commitments may be reduced by the Borrower in minimum amounts to be agreed upon.

  • Such mandatory Quarterly Commitment Reductions to the Revolving Commitment shall be self-operative (without any notices to be delivered, or any other actions to be taken, by Agent or any other Person or entity), and irrespective of whether the Borrower has timely and fully satisfied its corresponding Quarterly Commitment Reduction payment (if any) as described in the following sentence.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions...

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions .

  • Notification of Advances, Interest Rates, Prepayments and Aggregate Revolving Loan Commitment Reductions 54 Section 2.16.

  • Optional Prepayments and Commitment Reductions: Loans may be prepaid and commitments may be reduced by the Borrower in minimum amounts to be agreed upon, provided that Competitive Loans may not be prepaid without the consent of the relevant Lender.

  • Prepayments and Aggregate ----------------------------------------------------------------------- Revolving Loan Commitment Reductions.

  • Optional Prepayments and Commitment Reductions: All or a portion of the Loans may be prepaid at any time and the unutilized portion of the Facilities may be terminated in whole or in part (in minimum amounts to be agreed upon) at the respective Borrower's option (except, in the case of the R/C Facilities prior to the Tender Closing Date, at the option of Grupo Mexico).


More Definitions of Commitment Reductions

Commitment Reductions means the amount of the permanent reductions of the Commitment Amount resulting from the application of Sections 2.08, 2.10 or 7.08 or any other provision contained herein.
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Commitment Reductions. As set forth in the Existing Term Loan Credit Agreement.
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Commitment Reductions. As set forth in the Existing ABL Credit Agreement.
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Commitment Reductions. The Borrowers will have the right, upon at least three business days' notice, to terminate or cancel, in whole or in part, the unused portion of the Revolving Credit Facility; provided that each partial reduction shall be in the amount of at least $10,000,000 or an integral multiple of $5,000,000 in excess thereof.
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Commitment Reductions. Whenever a prepayment is made to the Revolving Credit Facility in connection with a sale or disposition referred to in clause (a) of the Section above entitled "Mandatory Prepayments", the Collateral Agent or the Administrative Agent shall have the right to reduce the Revolving Credit Facility commitments by an amount up to the amount of the payment applied to the Revolving Credit Facility.
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Related to Commitment Reductions

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

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

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

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

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

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

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

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • 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.”

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The amount of the Aggregate Revolving Commitments in effect on the Closing Date is SIX HUNDRED MILLION DOLLARS ($600,000,000).

  • 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.

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving 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 $1,000,000,000.

  • Commitment Amount means, as the context may require, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount.

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied), (ii) the aggregate principal amount of all outstanding Swing Line Loans, and (iii) the Letter of Credit Usage.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

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

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $500,000,000.

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached 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).

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

  • 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.

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Total Commitments means the aggregate of the Commitments of all the Lenders.

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.