Existing Revolving Facility Commitment definition

Existing Revolving Facility Commitment means, with respect to each Existing Revolving Facility Lender, the commitment of such Existing Revolving Facility Lender to make Existing Revolving Facility Loans pursuant to Section 2.01, expressed as an amount representing the maximum aggregate permitted amount of such Existing Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04. The initial amount of each Existing Revolving Facility Lender’s Existing Revolving Facility Commitment is an amount equal to its Revolving Facility Commitment as set forth in the Second Restatement Agreement (giving effect to any Joinder (as such term is used therein) executed and delivered under and in accordance therewith), or in the Assignment and Acceptance pursuant to which such Existing Revolving Facility Lender shall have assumed its Existing Revolving Facility Commitment, as applicable. The aggregate amount of the Existing Revolving Facility Commitments of all Existing Revolving Facility Lenders on the Second Restatement Effective Date is $75.0 million (it being understood and agreed that the aggregate amount of the Existing Revolving Commitments of all Existing Revolving Facility Lenders may be increased to up to $100.0 million pursuant to any one or more Joinders (as such term is used therein) executed and delivered under and in accordance with the Second Restatement Agreement).
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Existing Revolving Facility Commitment means the “Revolving Facility Commitments” outstanding immediately prior to the Amendment No. 3 Effective Date.
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Existing Revolving Facility Commitment the Revolving Commitments (as defined in the Existing Credit Agreement) under the Existing Credit Agreement.
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Examples of Existing Revolving Facility Commitment in a sentence

  • Any Extended Revolving Facility Commitments of any Extension Series shall constitute a separate Class of revolving facility commitments from Existing Revolving Facility Commitments of the Specified Existing Revolving Facility Commitment Class and from any other Existing Revolving Facility Commitments (together with any other Extended Revolving Facility Commitments so established on such date).

  • Subject to the terms and conditions set forth herein, the Incremental Revolving Facility Lender agrees to become an Existing Revolving Facility Lender and to provide, on and from the First Incremental Effective Date, an Existing Revolving Facility Commitment to the Borrower in an amount equal to $15,000,000 (the “Incremental Revolving Facility Commitment”).


More Definitions of Existing Revolving Facility Commitment

Existing Revolving Facility Commitment means, with respect to each Existing Revolving Facility Lender, the commitment of such Existing Revolving Facility Lender to make Existing Revolving Facility Loans pursuant to Section 2.01, expressed as an amount representing the maximum aggregate permitted amount of such Existing Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04. The initial amount of each Existing Revolving Facility Lender’s Existing Revolving Facility Commitment is an amount equal to its Revolving Facility Commitment as set forth in the Third Restatement Agreement, or in the Assignment and Acceptance pursuant to which such Existing Revolving Facility Lender shall have assumed its Existing Revolving Facility Commitment, as applicable. The aggregate amount of the Existing Revolving Facility Commitments of all Existing Revolving Facility Lenders on the Third Restatement Effective Date is $90.0 million.
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Related to Existing Revolving Facility Commitment

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

  • Term Facility Commitment means the commitment of a Term Lender to make Term Loans, including Initial Term Loans and/or Other Term Loans.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

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

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

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

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

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

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

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

  • New Revolving Commitments has the meaning assigned to such term in Section 2.04.

  • 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.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Revolving Lenders as the same may be decreased pursuant to Section 2.12(c) or increased pursuant to Section 2.19. As of the Closing Date, the amount of the Total Revolving Commitment is $100,000,000.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.