Green Loan Sublimit definition

Green Loan Sublimit means the Lenders commitment to make Green Loan Advances to Borrowers pursuant to Section 2.1(a) hereof in an aggregate principal amount up to $35,000,000. The Green Loan Sublimit is part of, and not in addition to, the aggregate Revolving Commitments.
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Green Loan Sublimit means the 5-Year Revolver Green Loan Sublimit or 364-Day Revolver Green Loan Sublimit, as the context may require.
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Green Loan Sublimit means an amount equal to the combined Commitments of the Lenders as in effect from time to time. The Green Loan Sublimit is part of, and not in addition to, the combined Commitments of the Lenders.
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Examples of Green Loan Sublimit in a sentence

  • If, for any reason, (i) the Outstanding Credits exceed the combined Commitments or (ii) the Green Outstanding Credits exceed the Green Loan Sublimit, as in effect or as reduced or because of any limitation set forth in this Agreement or otherwise, the Borrower shall immediately prepay Advances and/or deposit cash in a Cash Collateral Account (without regard to any minimum amount) in an aggregate amount equal to such excess.

  • For the avoidance of doubt, in connection with any such Commitment Increase, the Green Loan Sublimit shall also be increased on a dollar-for-dollar basis on the applicable effective date of any Commitment Increase.

  • Within the limits of each Lender’s Commitment, the Borrower may from time to time borrow, prepay pursuant to Section 2.11 and reborrow under this Section 2.01; provided, however, that at no time may (x) the Outstanding Credits exceed the aggregate amount of the Commitments or (y) the Green Outstanding Credits exceed the Green Loan Sublimit.

  • For the avoidance of doubt, upon any reduction of the combined Commitments under this Section 2.05 or otherwise, the Green Loan Sublimit shall be reduced on a dollar-for-dollar basis.

  • No Letter of Credit or Green Letter of Credit shall be requested or issued hereunder if, after the issuance thereof, (i) the Outstanding Credits would exceed the total Commitments then scheduled to be in effect until the Termination Date, (ii) that portion of the LC Outstandings arising from Letters of Credit issued by an LC Issuing Bank would exceed the amount of such LC Issuing Bank’s Fronting Commitment or (iii) the Green Outstanding Credits would exceed the Green Loan Sublimit.

Related to Green Loan Sublimit