Dutch Revolving Commitment definition

Dutch Revolving Commitment means, with respect to each Dutch Revolving Lender, the commitment, if any, of such Lender to make Dutch Revolving Loans hereunder up to the amount set forth and opposite such Lender's name on Schedule 2.01 under the caption "Dutch Revolving Commitment," or in the Assignment and Assumption Agreement pursuant to which such Lender assumed its Dutch Revolving Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or increased from time to time pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04. The aggregate amount of the Dutch Revolving Lenders' Dutch Revolving Commitments on the Restatement Effective Date is $85,000,000.
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Dutch Revolving Commitment means, with respect to each Dutch Lender, the commitment, if any, of such Dutch Lender to make Dutch Revolving Loans and to acquire participations in Dutch Overadvances, Dutch Letters of Credit and Dutch Swing Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such Dutch Lender’s Dutch Credit Facility Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Sections 2.12 and 2.17, respectively, and (b) assignments by or to such Dutch Lender pursuant to Section 11.06. The initial amount of each Dutch Lender’s Dutch Revolving Commitment is set forth on Schedule 1, or in the Assignment Agreement pursuant to which such Dutch Lender shall have assumed its Dutch Revolving Commitment, as applicable.
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Examples of Dutch Revolving Commitment in a sentence

  • For purposes of the Credit Agreement, the Administrative Agents shall deem [Assignor’s U.S. Revolving Commitment to be reduced by $ ,] [Assignor’s Canadian Revolving Commitment to be reduced by $ ,] [Assignor’s Dutch Revolving Commitment to be reduced by $ ,] [Assignee’s U.S. Revolving Commitment to be increased by $ ,] [Assignee’s Canadian Revolving Commitment to be increased by $ ,] and [Assignee’s Dutch Revolving Commitment to be increased by $ ].

  • The authority to make Dutch Overadvances is limited to an aggregate amount not to exceed ten percent of the Total Dutch Revolving Commitment at any time, no Dutch Overadvance may remain outstanding for more than thirty days and no Dutch Overadvances shall cause any Dutch Lender’s Dutch Credit Facility Exposure to exceed its Dutch Revolving Commitment.