Facility 2 Commitment definition

Facility 2 Commitment means, with respect to any Participant at any time, such Participant's Facility 2 Proportionate Share of the Total Facility 2 Commitment at such time.
Sample 1Sample 2
Facility 2 Commitment means the agreement of the Bank to lend under Section 2.1(b) in an aggregate amount at any time outstanding not exceeding $20,000,000, less the cumulative amounts of all reductions in the Facility 2 Commitment pursuant to Section 2.5.
Sample 1
Facility 2 Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Facility 2 Loans hereunder as set forth in Section 2.1(b), (c) and (d), as such commitment may be reduced from time to time pursuant to Section 8.6(c).
Sample 1

Examples of Facility 2 Commitment in a sentence

  • Upon a Term Facility 2 Lender’s funding of a Term Facility 2 Loan, the Term Facility 2 Commitment of such Lender shall be permanently reduced by the principal amount of such Term Facility 2 Loan.

  • The Borrower shall pay to the Bank a commitment fee on the average daily unused portion of each of the Facility 1 Commitment and the Facility 2 Commitment, computed on a quarterly basis in arrears on the last Business Day of each calendar quarter based upon the daily utilization for that quarter as calculated by the Bank, equal to 0.375 % per annum in the case of each of the Facility 1 Commitment and the Facility 2 Commitment.

  • Within the limits of the Facility 2 Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1(b), prepay under Section 2.6 and reborrow under this Section 2.1(b).

  • From the effective date of any reduction of the Total Facility 1 Land Portion Commitment, the Total Facility 1 Improvement Portion Commitment or the Total Facility 2 Commitment, the Commitment Fees shall be computed on the basis of the Total Facility 1 Commitment or Total Facility 2 Commitment as reduced.

  • The Borrowers agree to pay to the Agent for the account of each Facility 2 Lender a facility fee at a rate per annum equal to 0.20% on the amount of such Lender s Facility 2 Commitment (whether used or unused).

  • After giving effect to such Loan or Issuance, (i) the outstanding Facility 1 Loans of the Bank will not exceed the Facility 1 Commitment, the outstanding Facility 2 Loans of the Bank, together with the total amount of L/C Obligations, will not exceed the Facility 2 Commitment, and the total amount of the L/C Obligations will not exceed the L/C Commitment.

  • The amount of the line of credit (the "Facility 2 Commitment") is Five Hundred Thousand Dollars ($500,000).

  • Provided that the Agent has given the notification under Clause 2 (Conditions Precedent), notwithstanding that no transfer in respect of Facility 2 was made to any Designated New Lender under Clause 4.2 (Transfers), on the Relevant Date each of the Designated New Lenders shall become a party to the Amended Agreement as an Original Lender with the Facility 2 Commitment set out opposite its name under the heading "Facility 2 Commitment" in Schedule 1 (The Original Lenders) of the Amended Agreement.

  • In such case, aside from in relation to clause 19.3 (Tax indemnity), the Lender and its Affiliate shall be treated as a single Lender whose Revolving Facility 2 Commitment is the amount set out opposite the relevant Lender's name in Part 2 (The Original Lenders) of Schedule 1 (The Parties) and/or the amount of any Revolving Facility 2 Commitment transferred to or assumed by that Lender under this Agreement, to the extent (in each case) not cancelled, reduced or transferred by it under this Agreement.

  • Xxxxx Title: Executive Vice President Facility 1 Commitment: BANKERS TRUST COMPANY, $41,000,000 as Administrative Agent Facility 2 Commitment: and as a Lender $1,000,000 By: /s/ Kevxx X.


More Definitions of Facility 2 Commitment

Facility 2 Commitment means the aggregate amount of the credit available under Facility 2 as may be adjusted from time to time as a result of repayments made pursuant to this Agreement;
Sample 1
Facility 2 Commitment means £92,000,000 to the extent not cancelled or reduced under this Agreement.
Sample 1
Facility 2 Commitment. By: /s/ KEVIX X. XXXXXX $0,000,000 ----------------------------------------- Name: Kevix X. XxXxxx Title:Principal
Sample 1
Facility 2 Commitment means, with respect to each Lender, the amount, if any, set forth opposite its name on Annex I hereto under the column entitled "Facility-2 Commitment," as the same may be (x) reduced or terminated pursuant to SECTIONS 2.2, 2.3 and 8 or (y) adjusted as a result of assignments to or from such Lender pursuant to SECTION 1.10 or 11.
Sample 1

Related to Facility 2 Commitment

  • Facility B Commitment means a Facility B1 Commitment or a Facility B2 Commitment.

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) 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 2.1 as its “Tranche C Commitment” or 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.

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

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

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

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

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

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • 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.

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $1,000,000,000.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

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

  • 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.

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

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

  • 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.

  • 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.

  • 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).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Incremental Revolving Commitment has the meaning assigned to such term 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.