Commitment to Lend definition

Commitment to Lend of the Original Credit Agreement is hereby amended to delete the text therein contained and to insert the following in lieu thereof: Subject to the terms and conditions set forth in this Credit Agreement, each Revolving Credit Lender severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with Section 2.5 (each a “Revolving Loan” and collectively “Revolving Credit Loans”), such sums equal to such Revolving Credit Lender’s Revolving Credit Loan Commitment Percentage of amounts requested by Borrower hereunder; provided, that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus the Foreign Exchange Reserve plus the Omniglow Reserve plus the Maximum Drawing Amount and Unpaid Reimbursement Obligations, shall not at any time exceed the lesser of (a) the Revolving Credit Loan Commitment minus $1,000,000 and (b) the Borrowing Base. Each request for a Revolving Credit Loan or the entering into a Foreign Exchange Contract or the submission of an application for the issuance of a Letter of Credit hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in Article 13, in the case of entering into this Credit Agreement on the Closing Date, and Article 14, in the case of all others have been satisfied on the date of such request.
Sample 1
Commitment to Lend. (a) Subject to the terms and conditions provided in this Loan and Security Agreement ("Agreement") and so long as no Event of Default (as defined in Section 14 hereof) or event or condition which with notice or passage of time or both would constitute an Event of Default has occurred and is continuing hereunder, Lender agrees to lend to AMERICAN TELESOURCE INTERNATIONAL, INC., a Delaware corporation ("ATII"), to the Domestic and/or Foreign Subsidiaries of ATII which are signatories to this Agreement, and to such additional Domestic and/or Foreign Subsidiaries of ATII which hereafter may become a party hereto pursuant to Section 1(b) hereof (ATII, Domestic and/or Foreign Subsidiaries of ATII which are signatories to this Agreement, and such additional Domestic and/or Foreign Subsidiaries of ATII which may hereafter become a party hereto pursuant to Section 1(b) of this Agreement are individually referred to as a "Borrower" and collectively as the "Borrowers"), -------- --------- until the Termination Date set forth above, an amount in the aggregate not to exceed the Commitment Amount set forth above, which sum shall be used solely for the purchase by a Borrower of telecommunications equipment and associated software sublicenses from the Supplier pursuant to one or more Purchase Agreements (individually, a "Purchase Agreement" and collectively, the "Purchase Agreements") made by and between the Supplier and such Borrower for installation, if such Borrower is a Domestic Borrower, in the United States, Mexico and other Latin American jurisdictions, and if such Borrower is a Foreign Borrower, in Mexico and other Latin American jurisdictions. "Subsidiary" means, ---------- as to any person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership, limited liability company, or other entity, are at the time owned, or the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries, or both, by such person. "Domestic Subsidiary" means a ------------------- Subsidiary incorporated under the laws of the United States, one of the states of the United States, the District of Columbia, or any territory, possession or protect...
Sample 1
Commitment to Lend. Subject to the terms and conditions contained in this Agreement, and upon the condition that no Default exists, including, but not limited to, the fact that demand has not been made by Crestmark, and further provided all conditions precedent have been met as of the date of any request for a Money Advance hereunder, Crestmark agrees that it will, from time to time, make Money Advances to Borrower pursuant to the terms of this Agreement. Money Advances by Crestmark after a Default will not be a waiver of this provision nor will Crestmark be estopped thereby to refuse any subsequent Borrower request for a Money Advance.
Sample 1

Examples of Commitment to Lend in a sentence

  • If you have a BMO Eco Smart Mortgage, this discount is shown in Section 3 of “Our Commitment to Lend and Disclosure Statement”.

  • Loan and Terms of Payment 1 2.1 Promise to Pay 1 2.1.1 Revolving Advances 1 2.1.2 Letters of Credit Sublimit 2 2.1.3 FX Forward Contracts 2 2.1.4 Cash Management Services 2 2.2 Suspension and Termination of Commitment to Lend; Termination of this Agreement 2 2.3 Overadvances 3 2.4 Interest Rates 3 2.5 Term Loan Option 4 2.6 General Provisions 4 2.7 Fees 4 2.8 Mandatory Prepayment Event 5 3.

  • In these instructions, “commitment” means Our Commitment to Lend and Disclosure Statement that we sent you and the schedule to it which you obtain from our website.

  • THE GOLD FACILITY - THE GOLD LOANS.......................................48 6.1. Commitment to Lend.

  • THE CREDIT FACILITY 41 §2.1 Revolving Credit Loans 41 §2.2 Commitment to Lend Term Loan 42 §2.3 Facility Unused Fee 42 §2.4 Reduction and Termination of the Revolving Credit Commitments 43 §2.5 Swing Loan Commitment 43 §2.6 Interest on Loans 46 §2.7 Requests for Revolving Credit Loans 46 §2.8 Funds for Loans 47 §2.9 Use of Proceeds 48 §2.10 Letters of Credit 48 §2.11 Increase in Total Commitment 51 §2.12 Extension of Revolving Credit Maturity Date 54 §2.13 Defaulting Lenders 55 §3.

  • THE REVOLVING CREDIT FACILITY.....................................1 Section 2.1. Commitment to Lend...............................

  • THE REVOLVING CREDIT FACILITY 47 §2.1 Commitment to Lend 47 §2.2 Evidence of the Revolving Credit Loans 48 §2.3 Interest on Revolving Credit Loans; Facility Fee 48 §2.4 Requests for Revolving Credit Loans 50 §2.5 Conversion Options 51 §2.6 Funds for Revolving Credit Loans 53 §2.7 Reduction of Commitment 53 §2.8 Swingline Loans 53 §2.9 Bid Rate Advances 57 §2.10 Increases in Total Commitment 61 §3.

  • Commitment to Lend, Term Loans and Loan Repayment 9 Section 2.02.

  • Please address documents to the Bank directly to: Bank of Montreal Mortgage Service Centre 2465 Argentia Road, 8th Floor Mississauga, Ontario L5N 0B4 Please act as Bank of Montreal's lawyers to complete the mortgage transaction outlined in Our Commitment to Lend and Disclosure Statement.

  • This Agreement may be renewed by mutual consent at the option of either Party before its expiration as provided above.

Related to Commitment to Lend

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

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • 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.

  • Revolver Commitment means, with respect to each Lender, its Revolver Commitment, and, with respect to all Lenders, their Revolver Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

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

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • 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 Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Revolving Lenders as the same may be decreased pursuant to Section 2.12(c) or increased pursuant to Section 2.19. As of the Closing Date, the amount of the Total Revolving Commitment is $100,000,000.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Revolver Commitments means the aggregate amount of such commitments of all Lenders.

  • 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.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • 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.

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

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • 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.

  • Facility B Commitment means a Facility B1 Commitment or a Facility B2 Commitment.

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Dollar Commitment means, with respect to each Dollar Lender, the commitment of such Dollar Lender to make Loans denominated in Dollars hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Dollar Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The amount of each Lender’s Dollar Commitment as of the Effective Date is set forth on Schedule 1.01(b), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Dollar Commitment, as applicable. The aggregate amount of the Lenders’ Dollar Commitments as of the Effective Date is $125,000,000.