Global Revolving Facility Commitment definition
Global Revolving Facility Commitment means, with respect to each Global Revolving Facility Lender, the commitment of such Global Revolving Facility Lender to make Global Revolving Facility Loans pursuant to Section 2.01, expressed as an amount representing the maximum aggregate permitted amount of such Global Revolving Facility Lender's Global 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 Global Revolving Facility Lender's Global Revolving Facility Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Global Revolving Facility Lender shall have assumed its Global Revolving Facility Commitment, as applicable. The aggregate amount of the Global Revolving Facility Commitments on the date hereof is $325,000,000.
Global Revolving Facility Commitment means (a) prior to the Effective Funding Time, an Existing Global Revolving Facility Commitment and (b) at or after the Effective Funding Time, a New Global Revolving Facility Commitment.
Global Revolving Facility Commitment means, with respect to each Global Revolving Facility Lender, the commitment of such Global Revolving Facility Lender to make Global Revolving Facility Loans pursuant to Section 2.01, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) increased from time to time pursuant to Section 2.23 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04. The initial amount of each Global Revolving Facility Lender’s Global Revolving Facility Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance or Incremental Facility Amendment pursuant to which such Global Revolving Facility Lender shall have assumed its Global Revolving Facility Commitment, as applicable. The aggregate amount of the Global Revolving Facility Commitments on the date hereof is $700,000,000.
Examples of Global Revolving Facility Commitment in a sentence
Borrower agrees to pay to the Administrative Agent, for the account of each Accepting Lender, a fee (the “Extension Fees”) in an amount equal to 0.50% of the aggregate amount of such Accepting Lender’s 2012 U.S. Revolving Facility Commitment or 2012 Global Revolving Facility Commitment, as applicable, that is converted into a 2014 U.S. Revolving Facility Commitment or 2014 Global Revolving Facility Commitment, as applicable, pursuant hereto.