European Revolving Loan Commitment definition

European Revolving Loan Commitment. As to each European Lender, its obligation to make European Revolving Loans or to participate in European Swingline Loans to the European Borrower pursuant to §2.1 in an aggregate principal amount at any one time outstanding not to exceed the Dollar amount set forth opposite such European Lender’s name on Schedule II, as such Schedule may be updated from time to time pursuant to §20, or in the Assignment and Assumption pursuant to which an European Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Credit Agreement.
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European Revolving Loan Commitment means (a) as to any European Revolving Loan Participant, the commitment of such European Revolving Loan Participant to make its Pro Rata Share of purchases of the risk participation from the Fronting Lender in the European Revolving Loan as set forth on Annex J to the Agreement or European Revolving Loan Participant in the most recent Assignment Agreement executed by such Lender, and (b) as to all European Revolving Loan Participants, the aggregate commitment of all European Revolving Loan Participants to purchase risk participations from the Fronting Lender in the European Revolving Loan, which aggregate commitment shall be Twenty Two Million Twenty Six Thousand Four Hundred Thirty One Euros (EUR 22,026,431), as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.
Sample 1
European Revolving Loan Commitment means (a) as to any Lender, the aggregate commitment of such Lender to make European Revolving Credit Advances or incur Letter of Credit Obligations at the request of European Borrower as set forth on Annex I to this Agreement or in the most recent Assignment Agreement executed by such Lender and (b) as to all Lenders, the aggregate commitment of all Lenders to make European Revolving Credit Advances or incur Letter of Credit Obligations at the request of European Borrower, which aggregate commitment shall be TWENTY FIVE MILLION DOLLARS ($25,000,000) on the Closing Date, as such amount may be adjusted, if at all, from time to time in accordance with this Agreement.
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Examples of European Revolving Loan Commitment in a sentence

  • The Pro Rata Share of the European Revolving Loan of any European Revolving Lender shall not at any time exceed its separate European Revolving Loan Commitment.

  • The aggregate amount of letters of credit outstanding under the U.S. Revolving Loan Commitment and the European Revolving Loan Commitment was approximately $76 and $3,187, respectively.

  • The Pro Rata Share of the European Revolving Loan of any Revolving Lender shall not at any time exceed its separate European Revolving Loan Commitment.

  • Notwithstanding anything contained in this Agreement to the contrary, upon any termination of the US Revolving Loan Commitment or the European Revolving Loan Commitment, all of the Obligations shall be due and payable except for the US Term Loan B which shall be due and payable on June 30, 2009 or earlier pursuant to Section 6.3.

  • Otherwise, none of the US Revolving Loan Commitment or the European Revolving Loan Commitment shall be permanently reduced by the amount of any such prepayment.

  • Any reduction or termination of the European Revolving Loan Commitment must be accompanied by payment of the Fee required by Section 1.9 (c) , if any, plus the payment of any Euribor funding breakage costs in accordance with Section 1.13 (b) .

  • Upon any such termination of the US Revolving Loan Commitment, the European Revolving Loan Commitment and the European Working Capital Loan Commitment, each Borrower’s right to request US Revolving Credit Advances, European Revolving Credit Advances and European Working Capital Credit Advances, or request that Letter of Credit Obligations be incurred on its behalf, shall be terminated.

  • Upon any such reduction or termination of the European Revolving Loan Commitment, European Borrower's right to request European Revolving Credit Advances, or request that Letter of Credit Obligations be incurred on its behalf, or request European Swing Line Advances, shall simultaneously be permanently reduced or terminated, as the case may be; PROVIDED that a permanent reduction of the European Revolving Loan Commitment shall require a corresponding pro rata reduction in the European L/C Sublimit.

  • Any reduction of the U.S. Revolving Loan Commitment or termination of the U.S. Revolving Loan Commitment and European Revolving Loan Commitment must be accompanied by the payment of any LIBOR or Euribor, as applicable, funding breakage costs (if any) in accordance with Section 1.13(b).

  • Each note shall be in the principal amount of the European Revolving Loan Commitment of the applicable Revolving Lender, dated the Closing Date and substantially in the form of EXHIBIT 1.1(a)(ii) (each a "EUROPEAN REVOLVING NOTE" and, collectively, the "EUROPEAN REVOLVING NOTES").


More Definitions of European Revolving Loan Commitment

European Revolving Loan Commitment means (a) as to any Lender, the aggregate commitment of such Lender to make European Revolving Credit Advances or incur Letter of Credit Obligations at the request of European Borrower as set forth on Annex I to this Agreement or in the most recent Assignment Agreement executed by such Lender and (b) as to all Lenders, the aggregate commitment of all Lenders to make European Revolving Credit Advances or incur Letter of Credit Obligations at the request of European Borrower, which aggregate commitment shall be SEVENTY MILLION DOLLARS ($70,000,000) as of the Fifth Amendment Effective Date, as such amount may be adjusted, if at all, from time to time in accordance with this Agreement.
Sample 1
European Revolving Loan Commitment means (a) as to any European Revolving Lender, the aggregate commitment of such European Revolving Lender to make or continue its Pro Rata share of European Revolving Credit Advances or incur its Pro Rata share of European Letter of Credit Obligations as set forth on Annex B to the Agreement or in the most recent Assignment Agreement executed by such European Revolving Lender and (b) as to all European Revolving Lenders, the aggregate commitment of all European Revolving Lenders to make European Revolving Credit Advances or incur European Letter of Credit Obligations, which aggregate commitment shall be FIFTEEN MILLION DOLLARS ($15,000,000) (including the Equivalent Amount in Dollars of any amounts drawn or utilized in Alternative Currencies) on the Closing Date, as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.
Sample 1
European Revolving Loan Commitment means (a) as to any Lender, the aggregate commitment of such Lender to make European Revolving Credit Advances or incur Letter of Credit Obligations as set forth on ANNEX I to this Agreement or in the most recent Assignment Agreement executed by such Lender and (b) as to all Lenders, the aggregate commitment of all Lenders to make European Revolving Credit Advances or incur Letter of Credit Obligations, which aggregate commitment shall be TWENTY FIVE MILLION DOLLARS ($25,000,000) on the Closing Date, as such amount may be adjusted, if at all, from time to time in accordance with this Agreement. "EUROPEAN REVOLVING NOTE" has the meaning ascribed to it in SECTION 1.1(a)(ii).
Sample 1

Related to European Revolving Loan Commitment

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

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

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.