Designated Borrower Sublimit definition

Designated Borrower Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Designated Borrower Sublimit is part of, and not in addition to, the Aggregate Commitments.

Designated Borrower Sublimit means, with respect to any Designated Borrower at any time, an amount equal to the sum of the Commitments of all applicable Designated Lenders to such Designated Borrower in effect at such time, but not to exceed the Designated Borrower Sublimit for such Designated Borrower then in effect pursuant to Section 2.14. The Designated Borrower Sublimit of any Designated Borrower is part of, and not in addition to, the Aggregate Commitments, and in no event shall the Company Sublimit plus the aggregate amount of all Designated Borrower Sublimits then in effect exceed the Aggregate Commitments.

Designated Borrower Sublimit means an amount equal to the lesser of the Aggregate Commitments and $350,000,000. The Designated Borrower Sublimit is part of, and not in addition to, the Aggregate Commitments.

Examples of Designated Borrower Sublimit in a sentence

• The amount of any such reduction shall not be applied to the Alternative Currency Sublimit, the Financial Letter of Credit Sublimit or the Designated Borrower Sublimit unless otherwise specified by the Company.

• The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swing Line Sublimit, Alternative Currency Sublimit, Designated Borrower Sublimit or Aggregate Revolving Commitments under this Section 2.06.

• The Administrative Agent shall, promptly after receipt of all information necessary therefor as reasonably determined by the Administrative Agent, provide notice to the Company and the Lenders of the allocations of each Designated Borrower Sublimit.

• For the avoidance of doubt and in connection with proviso (c) of this Section, any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Applicable Percentage with respect to the Aggregate Commitments (and not with respect to any Designated Borrower Sublimit).

• The amount of any such Aggregate Commitment reduction shall not be applied to the Alternative Currency Sublimit, the Letter of Credit Sublimit or the Designated Borrower Sublimit unless otherwise specified by the Company.

More Definitions of Designated Borrower Sublimit

Designated Borrower Sublimit means an amount equal to the lesser of the Aggregate Revolving Credit Commitments and $200,000,000. The Designated Borrower Sublimit is part of, and not in addition to, the Aggregate Revolving Credit Commitments.

Designated Borrower Sublimit means (a) with respect to BlackRock Group Limited, $1,500,000,000 and (b) with respect to any additional Designated Borrower, the amount reasonably determined by the Administrative Agent in consultation with the Company at the time such Subsidiary is added as a Designated Borrower pursuant to Section 2.9.

Designated Borrower Sublimit means, with respect to each Foreign Obligor for which the Administrative Agent has not received an opinion of local counsel in form and substance and from counsel satisfactory to it, an amount equal to the lesser of (a) the Aggregate Commitments and (b) $10,000,000. Each Designated Borrower Sublimit is part of, and not in addition to, the Aggregate Commitments.

Designated Borrower Sublimit means, as to any Designated Borrower, the aggregate amount of Commitments available to such Borrower for borrowings under the Credit Facilities. As of the Amendment No. 10 Effective Date, the Designated Borrower Sublimit shall be $600,000,000, with respect to BlackRock Group Limited and $25,000,000, with respect to BlackRock Netherlands; provided that, the Company may modify such amount from time to time by notice to the Administrative Agent in accordance with Section 2.92.1(a); provided further, that, in each case, in the event there is a Defaulting Lender, the Designated Borrower Sublimit shall be reduced by such Defaulting Lender’s Commitment Percentage for so long as such Lender is a Defaulting Lender. For the avoidance of doubt, upon any such Defaulting Lender being deemed cured in accordance with Section 4.16(h), by replacement of such Defaulting Lender pursuant to Section 4.14(b) or otherwise, the reduction of the Designated Borrower Sublimit shall be of no further effect.

Designated Borrower Sublimit means an amount equal to the lesser of (a) $350,000,000 and (b) the Global Revolving Credit Facility. The Designated Borrower Sublimit is part of, and not in addition to, the Global Revolving Credit Facility.

Designated Borrower Sublimit means, as to any Designated Borrower, the aggregate amount of Commitments available to such Borrower for borrowings under the Credit Facilities. As of the Amendment No. 10 Effective Date, the Designated Borrower Sublimit shall be $600,000,000, with respect to BlackRock Group Limited and $25,000,000, with respect to BlackRock Netherlands; provided that, the Company may modify such amount from time to time by deliverynotice to the Administrative Agent of a Sublimit Notice; provided in accordance with Section 2.9(a); provided further, that, in each case, in the event there is a Defaulting Lender, the Designated Borrower Sublimit shall be reduced by such Defaulting Lender’s Commitment Percentage for so long as such Lender is a Defaulting Lender. For the avoidance of doubt, upon any such Defaulting Lender being deemed cured in accordance with

Designated Borrower Sublimit means an amount equal to the lesser of the Aggregate Revolving Committed Amount and FIVE HUNDRED MILLION DOLLARS ($500,000,000). The Designated Borrower Sublimit is part of, and not in addition to, the Aggregate Revolving Committed Amount.