Facility B Total Commitment definition

Facility B Total Commitment means a maximum of US$8,000,000, to the extent not cancelled, reduced or otherwise terminated as herein provided;
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Facility B Total Commitment has the meaning assigned to such term in Section 2.02(a).
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Facility B Total Commitment on Exhibit "A."
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Examples of Facility B Total Commitment in a sentence

  • They are the most profitable and the best customers who bring most of the money to the company.

  • Ethos refers to the credibility or character of the source of communication.

  • On this date Company hereby requests that Banks make a Facility B Advance for a Facility B Borrowing (i) in the aggregate principal amount of $___________ (such amount shall be in an integral multiple of $100,000.00 unless such Facility B Borrowing would exhaust the Facility B Total Commitment in which case, such amount may be in an amount of the unused portion of the Facility B Total Commitment) (ii) on _______________, 2000.

  • Company shall have the right, upon three (3) Business Days' prior written notice to Agent, to terminate or to permanently reduce the unborrowed portion of the Facility B Total Commitment, in whole or in part (provided any partial reduction shall be in the minimum amount of $1,000,000.00 or any integral multiple thereof), effective on the first day of any calendar quarter hereafter.

  • Pursuant to the collective bargaining agreement, the Participation Agreements, and the Trust Agreement, Nash & Sons is subject to an ongoing obligation to pay contributions to the Pension Fund, but has failed to pay its monthly obligation for the period of June 26, 2022 through October 29, 2022 which are now past due, and it failed to pay its contributions for the period from May 29, 2022 through June 25, 2022 on time.

  • The Borrower may request Borrowings from the Lender under Facility A and Facility B during the Availability Period only in an aggregate principal amount not to exceed the Facility A Total Commitment and the Facility B Total Commitment, respectively, and to be disbursed by way of several Advances during the Availability Period, subject to the terms and conditions of this Agreement.

  • Such notice of cancellation with respect to any drawn portion of the Facility A Total Commitment or Facility B Total Commitment shall be without effect unless on or before the day on which such cancellation is to take effect in accordance with such notice (a) such drawn portion shall have been repaid in accordance herewith, and (b) the accrued interest on such drawn portion and any applicable fees shall have been paid.

  • During such period, the Borrower shall be entitled from time to time to obtain Advances under the Facility B during the Facility B Period by way of US Prime Rate Loans or Libor Loans, or any combination thereof, the whole up to the Facility B Total Commitment and subject to the terms and conditions of this Agreement.

  • Any amount of the Facility A Total Commitment or the Facility B Total Commitment that is undrawn by the Borrower as of the Availability Period Maturity Date shall automatically be cancelled and shall no longer be available for Borrowings and the Lender’s Facility Total Commitments shall be reduced accordingly.


More Definitions of Facility B Total Commitment

Facility B Total Commitment means, at the relevant time of reference thereto, (i) prior to the Facility B Maturity Date, an amount equal to Three Hundred Seventy-Five Million Dollars ($375,000,000) MINUS an amount equal to all reductions in the Facility B Total Commitment pursuant to the terms hereof, and (ii) on or after the Facility B Maturity Date, zero.
Sample 1
Facility B Total Commitment. Total Commitment", "Facility A Commitment Percentage", "Facility B Commitment Percentage", and "Credit Facility Percentage" (v) the extension of the maturity date of any Letter of Credit beyond the Facility A Maturity Date, (vi) the provisions in Sections 2.02(d) through (g) and Sections 2.09 relating to the option to extend the Facility B Maturity Date, and (vii) the date on which any payment of principal, interest, or any other amount payable hereunder is due or any Event of Default under Section 8.01(a)(i) hereof, may not be amended or waived without the written consent of each of the Lenders directly affected thereby. Notwithstanding the foregoing, the terms of Article IX hereof, this Article X, or any other provision of this Agreement or any Ancillary Agreement that inures to the benefit of the Agent shall not be amended, waived, or otherwise modified without the consent of the Agent. No provision of Article IX hereof that inures to the benefit of the Co-Agents shall be amended, waived or otherwise modified without the consent of the Co-Agents. No waiver shall extend to or affect any obligation not expressly waived or impair any right consequent thereon. No course of dealing or delay or omission on the part of any Lender or the Agent in exercising any right shall operate as a waiver thereof or otherwise be prejudicial thereto. No notice to or demand upon the Borrower shall entitle the Borrower to other or further notice or demand in similar or other circumstances.
Sample 1
Facility B Total Commitment means, at the relevant time of reference thereto, an amount equal to One Hundred Million Dollars ($100,000,000) minus an amount equal to all reductions in the Facility B Total Commitment pursuant to Section 2.02 hereof.
Sample 1
Facility B Total Commitment means, at any time, the aggregate of the Facility B Commitments of all the Lenders, less any amount by which it shall have been cancelled, terminated or reduced pursuant to this Agreement.
Sample 1

Related to Facility B Total Commitment

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

  • Facility B Commitment means, in relation to a Lender, the principal amount in relation to Facility B described as such set opposite its name in Schedule 2 or set out under the heading “Amount of Facility B Commitment Transferred” in the schedule to any relevant Transfer Certificate, in each case as (i) reduced or cancelled, or (ii) increased, in accordance with this Agreement.

  • 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;

  • Total Commitments means the aggregate of the Commitments of all the Lenders.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

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

  • Tranche B Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TCCI pursuant to Section 2.1(b) 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 B 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.

  • Tranche A Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders’ Tranche A Commitments is $100,000,000.

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the 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 $150,000,000.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • 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.

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • 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).

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • 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.

  • 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.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being US$250,000,000 at the date of this Agreement.

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

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