FILO Commitment definition

FILO Commitment means the portion of the Incremental Revolving Facility Commitments, if any, comprising the commitment of the FILO Lenders under the FILO Subfacility established pursuant to Section 2.21 to make FILO Loans hereunder.

FILO Commitment means, with respect to each FILO Lender, the commitment of such FILO Lender hereunder set forth as its FILO Commitment opposite its name on Schedule 1.01(a) hereto or as may subsequently be set forth in the Register from time to time, as the same may be reduced from time to time pursuant to this Agreement. On the First Amendment Effective Date, the aggregate FILO Commitments are $40,000,000.

FILO Commitment means, as to any Lender, the obligation of such Lender (if applicable), to make FILO Advances, in an aggregate principal not to exceed the FILO Commitment Amount (if any) of such Lender.

Examples of FILO Commitment in a sentence

• The FILO Commitment of each Lender will amortize and convert to a like principal amount of Revolving Commitment on a monthly straight-line basis during the period commencing at the end of the Borrower’s first fiscal month ending after the six month anniversary of the Closing Date and ending on the last day of the Borrower’s first fiscal month ending after the three year anniversary of the Closing Date.

• Each FILO Lender shall timely honor its FILO Commitment by funding its Pro Rata share of each Borrowing of FILO Loans that is properly requested hereunder.

• In no event shall an Overadvance be required that would cause (i) the outstanding Revolver Loans and LC Obligations of any Revolver Lender to exceed its Revolver Commitment, (ii) the outstanding FILO Loans of any FILO Lender to exceed its FILO Commitment or (iii) the outstanding Revolver Loans, FILO Loans and LC Obligations to exceed the aggregate Commitments.

• Subject to the terms and conditions set forth herein, the U.S. FILO Lenders agree to make U.S. FILO Loans to the U.S. Borrowers in Dollars following a U.S. FILO Exchange Offer and thereafter until the earlier of one Business Day prior to the Maturity Date and the termination of the U.S. FILO Commitment of such Lender in an aggregate principal amount that will not result in the aggregate amount of the U.S. FILO Loans exceeding the U.S. FILO Line Cap.

• Upon any reduction of (x) the ABL Revolving Commitments, the ABL Revolving Commitment of each ABL Revolving Lender shall be reduced by such ABL Revolving Lender’s ABL Applicable Percentage of such reduction amount and (y) the FILO Commitments, the FILO Commitment of each FILO Lender shall be reduced by such FILO Lender’s FILO Applicable Percentage of such reduction amount.

More Definitions of FILO Commitment

FILO Commitment means, as to each FILO Lender, its obligation to make the FILO Loan to the Borrowers on the Closing Date pursuant to Article II in the amount set forth opposite such FILO Lender’s name on Schedule 2.01.

FILO Commitment means the commitment, if any, of the FILO Lenders to make FILO Loans hereunder up to the FILO Line Cap.

FILO Commitment for any Lender, its obligation to make FILO Loans up to the maximum principal amount shown on Schedule 1.1A, as such Commitment shall be reduced pursuant to Section 2.1.1(c). "FILO Commitments" means the aggregate amount of such commitments of all Lenders.

FILO Commitment means, with respect to each FILO Lender, the commitment of such FILO Lender to make Loans to the Borrower in the amount set forth opposite its name on the Commitment Schedule.

FILO Commitment means the Canadian FILO Commitment, if any and/or the U.S. FILO Commitment, if any.

FILO Commitment means, as to any FILO Lender, the commitment of such FILO Lender to make FILO Loans pursuant to Section 2.01(a)(ii). The amount of each FILO Lender’s FILO Commitment is set forth on Schedule 2.01(a)(ii). The aggregate amount of the FILO Lenders’ FILO Commitments on the Eighth Amendment Effective Date is $35,000,000.

FILO Commitment means as to each FILO Lender, its obligation to make the FILO Loan to the Domestic Borrowers on the Second Amendment Effective Date pursuant to Article II in the amount set forth opposite such FILO Lender’s name on Schedule 1.1.