Corresponding Commitment definition
Corresponding Commitment has the meaning specified in Section 9.04(b)(ii)(B).
Corresponding Commitment means, in relation to a Hedge Counterparty, its (or its Affiliate's) Commitment under the Bank Facilities Agreement as a Bank Facilities Lender or, if applicable, under the relevant Additional Finance Document as an Additional Creditor (as the case may be).
Corresponding Commitment means such amount of an Affected Lender’s Available Commitment as is required in order to ensure that each Accepting Lender’s Commitment Ratio remains unchanged immediately following the transfer of any Ineligible Amount;
Examples of Corresponding Commitment in a sentence
Each Affiliated Assignee shall not be permitted to assign Separated Revolving Loans to any Person except to (A) any of its Affiliates (including its Affiliated Revolving Lender) or (B) any other Person if the Corresponding Commitment is also assigned to such Person (or an Affiliate of such Person).
More Definitions of Corresponding Commitment
Corresponding Commitment has the meaning given to that term in clause 4.6 (Funds at Lloyd’s Ineligibility);
Corresponding Commitment means such amount of an Affected Lender's Available Commitment as is required in order to ensure that each Accepting Lender's Commitment Ratio remains unchanged immediately following the transfer of any Ineligible Amount; (iv) Counterparty Exposure Benchmark means the benchmark exposure level of a member to any one counterparty as determined by the Council of Lloyd's from time to time for purposes of monitoring a member's counterparty exposure, and the Lloyd's Aggregate Restriction on quantum of guarantees and letters of credit that any one financial institution may issue within the Lloyd's market; and (v) Eligible Institution means an Approved Credit Institution with respect to which the counterparty exposure of the relevant Applicant is not in excess of the Counterparty Exposure Benchmark.