Elected Commitment Amount definition

Elected Commitment Amount means the aggregate amount of the Lenders’ Commitment Amounts, as the same may be increased, reduced or terminated from time to time pursuant to Section 2.06, or otherwise modified in accordance with this Agreement.

Elected Commitment Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Elected Commitment Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Elected Commitment Amounts pursuant to Section 2.06(b), (b) increased from time to time pursuant to Section 2.06(c) or (c) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

Elected Commitment Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Elected Commitment Amount”, as the same may be modified from time to time pursuant to Section 2.07A.

Examples of Elected Commitment Amount in a sentence

• If at any time the Aggregate Maximum Credit Amounts, the Borrowing Base or the Aggregate Elected Commitment Amount are terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

• Upon any reduction of the Aggregate Maximum Credit Amount that results in the Aggregate Maximum Credit Amount being less than the Aggregate Elected Commitment Amount, the Aggregate Elected Commitment Amount shall be automatically reduced (ratably among the Banks) so that it equals the Aggregate Maximum Credit Amount as so reduced.

• If at any time the Aggregate Maximum Credit Amount, the Borrowing Base or the Aggregate Elected Commitment Amount is terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

• The Borrower agrees to pay to the Administrative Agent, for the account of each Lender, an upfront fee payable on the Effective Date of seventy basis points (0.70%) on each Lender’s Applicable Percentage of the Aggregate Elected Commitment Amount as of the Effective Date (i.e. $575,000,000).

• If at any time the Aggregate Maximum Credit Amounts, the Borrowing Base or the Aggregate Elected Commitment Amount is terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

More Definitions of Elected Commitment Amount

Elected Commitment Amount means, as to each Lender, the amount set forth opposite such Lender's name on Schedule II under the caption "Elected Commitment Amount", as the same may be increased, reduced or terminated from time to time in connection with an optional increase, reduction or termination of the aggregate Elected Commitment Amounts pursuant to Section 2.04 or Section 2.18 or termination of such Lender's Elected Commitment Amount pursuant to Article VII or otherwise under this Agreement. The aggregate amount of the Elected Commitment Amounts on the date hereof is $300,000,000.

Elected Commitment Amount means the aggregate Commitments of all Lenders, as set forth on Schedule 2.01, as such Commitments may be increased or reallocated from time to time pursuant to the terms hereof.

Elected Commitment Amount means, (a) with respect to each Revolving Lender as of the Sixth Amendment Effective Date, the amount set forth opposite such Revolving Lender’s name on Schedule 1.1(a) as such Revolving Lender’s “Elected Commitment Amount” and (b) in the case of any Person that becomes a Revolving Lender after the Sixth Amendment Effective Date, the amount specified as such Revolving Lender’s “Elected Commitment Amount” in the Assignment and Acceptance or in the Incremental Agreement pursuant to which such Revolving Lender assumed a portion of the Total Revolving Commitment, in each case as the same may be changed from time to time pursuant to the terms of this Agreement.

Elected Commitment Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Elected Commitment Amount”, as the same may be modified from time to time pursuant to Section 2.07A. ‘Elected Commitment Amount Increase Agreement’ has the meaning assigned to such term in Section 2.07A(b)(ii)(F). ‘LIBO Rate’ means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on Reuters Screen LIBOR01 Page as of 11:00 A.M., London time, two Business Days prior to the beginning of such Interest Period; provided that such rate shall never be less than 0.0%. In the event that such rate does not appear on such page (or otherwise on such screen), the “LIBO Rate” shall be determined by reference to such other comparable publicly available service for displaying Eurodollar rates as may be selected by the Administrative Agent or, in the absence of such availability, by reference to the rate at which the Administrative Agent is offered dollar deposits at or about 11:00 A.M., London time, two Business Days prior to the beginning of such Interest Period in the interbank Eurodollar market where its Eurodollar and foreign currency and exchange operations are then being conducted for delivery on the first day of such Interest Period for the number of days comprised therein.

Elected Commitment Amount means, with respect to any Lender, the amount which is equal to the product of the percentage for such Lender as set forth on Annex I and the then effective Aggregate Elected Commitment Amount, as the same may be modified from time to time pursuant to Section 2.07A.26 21 Definition added by Seventh Amendment. 22 Definition added by Fifth Amendment. 23 Definition added by Third Amendment. 24 Definition added by Third Amendment. 25 Definition added by Third Amendment. 26 Definition added by Second Amendment and amended by Eighth Amendment.

Elected Commitment Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Elected Commitment Amount”, as the same may be modified from time to time pursuant to Section 2.07A. ‘Elected Commitment Amount Increase Agreement’ has the meaning assigned to such term in Section 2.07A(b)(ii)(F). ‘Indentures’ means the indentures, supplemental indentures or other agreements under or pursuant to which any Senior Notes are issued. ‘LC Commitment’ at any time means Thirty Million dollars ($30,000,000) or, if less, the total Commitments.

Elected Commitment Amount means the aggregate Commitments of all Lenders, as set forth on Schedule 2.01, as such