Incremental RL Commitment means, for any Lender, any commitment by such Lender to make Revolving Loans pursuant to Section 2.01(c) as agreed to by such Lender in the respective Incremental RL Commitment Agreement delivered pursuant to Section 2.15; it being understood, however, that on each date upon which an Incremental RL Commitment of any Lender becomes effective, such Incremental RL Commitment of such Lender shall be added to (and thereafter become a part of) the Revolving Loan Commitment of such Lender for all purposes of this Agreement as contemplated by Section 2.15.

Incremental RL Commitment means, for any Lender, any commitment by such Lender to make Revolving Loans pursuant to Section 2.01(b) as agreed to by such Lender in the respective Incremental RL Commitment Agreement delivered pursuant to Section 2.15; it beingunderstood, however, that on each date upon which an Incremental RL Commitment of any Lender becomes effective, such Incremental RL Commitment of such Lender shall be added to (and thereafter become a part of) the Revolving Loan Commitment of such Lender for all purposes of this Agreement as contemplated by Section 2.15.

Examples of Incremental RL Commitment in a sentence

The registration of any provision of Incremental Term Loan Commitments pursuant to Section 2.15 or Incremental RL Commitment pursuant to Section 2.16, as the case may be, shall be recorded by the Administrative Agent on the Register only upon the acceptance of the Administrative Agent of a properly executed and delivered Incremental Commitment Agreement.
They provided a report of what work had been carried out to-date and proposed timetable for future works.
Each Designated Incremental RL Lender (as defined below), each other Lender and each Borrower hereby acknowledges that, as of the First Amendment Effective Date (as defined below), (i) each Designated Incremental RL Lender has provided an Incremental Revolving Loan Commitment as contemplated by Section 1.19 of the Credit Agreement which constitutes a Designated Incremental RL Commitment (as defined below) and (ii) the Total Designated Incremental RL Commitment (as defined below) equals $300,000,000.
The registration of any provision of Incremental Term Loan Commitments pursuant to Section 1.15 or Incremental RL Commitment pursuant to Section 1.16, as the case may be, shall be recorded by the Administrative Agent on the Register only upon the acceptance of the Administrative Agent of a properly executed and delivered Incremental Commitment Agreement.
Notwithstanding anything to the contrary contained in Section 3.02 of the Credit Agreement, the Corporation shall not have the right to terminate or reduce the Total Unutilized Revolving Loan Commitment pursuant to Section 3.02 until the occurrence of the Designated 2007 Incremental RL Commitment Termination Date (as defined below).
These consumers had assessed their risk of flood to be ‘low’ and therefore did not want to pay for a risk that they considered remote.
Furthermore, each of the parties to this Agreement hereby agrees to the terms and conditions set forth on Annex I hereto in respect of each Incremental RL Commitment provided pursuant to this Agreement.

Related to Incremental RL Commitment

Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).
Incremental Commitment shall have the meaning set forth in Section 2.23.
Incremental Commitment Agreement means each Incremental Commitment Agreement in the form of Exhibit R (appropriately completed) executed and delivered in accordance with Section 2.14.
Incremental Revolving Commitments has the meaning specified in Section 2.14(a).
Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.
Incremental Commitments has the meaning set forth in Section 2.14(a).
Revolving Commitment Increase has the meaning set forth in Section 2.14(a).
Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).
Incremental Term Loan Commitments has the meaning set forth in Section 2.24.
Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.
Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.
Incremental Term Commitments has the meaning set forth in Section 2.14(a).
Total Incremental Term Loan Commitment means the sum of the Incremental Term Loan Commitments of any Class of Incremental Term Loans of all the Lenders providing such Class of Incremental Term Loans.
L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.
Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.
Incremental Facility Amendment has the meaning specified in Section 2.14(d).
Incremental Lender means an Incremental Revolving Lender or an Incremental Term Lender.
Incremental Lenders has the meaning set forth in Section 2.14(c).
Incremental Revolving Increase has the meaning set forth in Section 2.16(a).
Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).
New Commitments has the meaning set forth in Section 2.18(a).
Additional Commitment means any commitment hereunder added pursuant to Sections 2.22, 2.23 or 9.02(c).
Term Commitment Increase has the meaning specified in Section 2.14(a).
Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).
Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.
L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

Incremental RL Commitment definition

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