Designated Commitments definition

Designated Commitments means any commitments to make loans or extend credit on a revolving basis to the Parent Borrower or any of its Restricted Subsidiaries by any Person other than the Parent Borrower or any of its Restricted Subsidiaries that have been designated pursuant to a certificate of a Responsible Officer of the Parent Borrower delivered to the Administrative Agent as “Designated Commitments.”
Sample 1Sample 2Sample 3

Examples of Designated Commitments in a sentence

  • On the Commitment Expiration Date, the Lessee, on behalf of the Lessor, shall be automatically required to pay to the Administrative Agent, for the benefit of the Facility Lenders pro rata in accordance with their respective Commitment Percentages, a fee (the “Reduction Fee”) equal to (i) the amount of the Designated Commitments multiplied by (ii) the Commitment Fee Rate as of the Commitment Expiration Date multiplied by (iii) the number of years (expressed as a decimal) remaining until the Maturity Date.

Related to Designated Commitments

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender's Revolving Commitment, if any, is set forth in 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 $150,000,000.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).