Established Loan Amount definition

Established Loan Amount is hereby deleted in its entirety and shall be replaced with the following:
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Established Loan Amount means as of the date hereof One-Hundred Million ($100,000,000.00) Dollars, as such amount may be increased in accordance with Section 2.1.1. Event of Default as defined in Section 10.1. Event of Loss shall mean, with respect to any Collateral Property, any of the following: (a) any loss or destruction of, or damage to, such Collateral Property; or (b) any actual condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, of such Collateral Property, or confiscation of such Collateral Property or the requisition of such Collateral Property by a Governmental Agency or any Person having the power of eminent domain, or any voluntary transfer of such Collateral Property or any portion thereof in lieu of any such condemnation, seizure or taking.
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Established Loan Amount means as of the date hereof One Hundred and Twenty Five Million ($125,000,000.00) Dollars, as such amount may be increased in accordance with Section 2.1.1.”
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Examples of Established Loan Amount in a sentence

  • Any such increase of the Established Loan Amount shall not be effective until written confirmation from the Administrative Agent to the Borrower and the Lenders of such increased amount and the confirmation that such amount does not exceed the Total Commitments.

  • Such request may be made by the Borrower by written notice to the Administrative Agent, which election shall designate the desired increased Established Loan Amount.

  • The Administrative Agent shall give the existing Lenders written notice of the Borrower’s request to so increase the Established Loan Amount hereunder, and the existing Lenders shall have a right of first refusal with respect to electing to increase their respective Commitments, which right must be exercised by providing the Administrative Agent with written notice of such election within ten (10) Business Days of the notice provided by the Administrative Agent.

  • In order to effect such reduced Established Loan Amount, the Administrative Agent shall reduce the Lenders’ Commitments on a pro rata basis.

  • The Borrower shall execute, deliver and satisfy, and shall cause each Loan Party to execute, deliver, and satisfy, any and all documentation and other conditions reasonably required by the Administrative Agent and any Lender increasing its Commitment in order to evidence and effectuate the increase in the Established Loan Amount, including, without limitation, any new or replacement Note as may be required by any Lender increasing its Commitment or any new Lender issuing a new Commitment.

  • In connection with any increase in the Established Loan Amount, no Lender shall be required to increase the amount of such Lender’s Commitment.

  • In order to effect such reduced Established Loan Amount, the Administrative Agent shall be entitled to reduce the Lenders' Commitments in such fashion as the Administrative Agent deems reasonably appropriate.

  • In connection with any increase in the Established Loan Amount, no Lender shall be required to increase the amount of such Lender's Commitment.

  • Such right may be exercised by the Borrower by written notice to the Administrative Agent on or before sixty (60) days after the date hereof, which election shall designate the increased Established Loan Amount and shall be accompanied by payment of the required commitment fee in accordance with Section 2.