Individual Commitment Amount definition

Individual Commitment Amount means, from time to time, that portion of the Commitment Amount which a Lender has severally agreed to make available to the Borrower in accordance with the terms and conditions of the Agreement, subject to adjustment pursuant to the terms of the Agreement.

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Individual Commitment Amount means, with respect to each Buyer in connection with any outstanding or proposed Transaction, the amount set forth in Schedule 5 to this Framework Agreement for such Buyer corresponding to the calendar month in which the Purchase Date for such Transaction occurs, subject to transfer or adjustment in accordance with the terms hereof.

Individual Commitment Amount means, in respect of any Lender, the total of its Revolving Credit Facility Individual Commitment Amount and its Second-Lien Credit Facility Individual Commitment Amount.

Examples of Individual Commitment Amount in a sentence

• In addition, any change to the Individual Commitment Amount of a Lender can only be made with the consent of such Lender.

• Notwithstanding the adjustment of the Rateable Portion pursuant to this Section 7.3, there will be no reduction in the Individual Commitment Amount of each Lender.

• Subject to the terms and conditions set forth herein and in the other Transaction Agreements, each Buyer agrees severally, and not jointly, to enter into such Transactions with Seller up to its respective Individual Commitment Amount as of the applicable Purchase Date.

• Each Lender which has not previously become a Non-Extending Lender, may in its sole discretion, pursuant to an Extension Request, elect to extend the current Credit Facility Termination Date with respect to its Individual Commitment Amount, subject however to such conditions and amendments respecting the Credit Facility, if any, as the Extending Lenders unanimously agree upon and are acceptable to the Borrower.

• No Extension shall occur unless those Lenders who wish to grant an Extension pursuant to an Extension Request represent at least 66 2/3% of the aggregate Individual Commitment Amount of all Lenders who are not Non-Electing Lenders at the time of such Extension Request.

• The Individual Commitment Amount of each Lender is set out in Schedule B.

• Notwithstanding the adjustment of the Rateable Portion pursuant to this Section 6.4, there will be no reduction in the Individual Commitment Amount of each Lender.

• After giving effect to such sale and assignment, the Assignee's Individual Commitment Amount will be as set forth on Appendix 1 and the Assignee shall be a party to the Credit Agreement as a Lender with respect to the Assigned Interest.

• Each Lender may, in its sole discretion, pursuant to an Extension Request, elect to extend the current Maturity Date with respect to its Individual Commitment Amount, subject however to such conditions and amendments respecting the Credit Facility, if any, as the Electing Lenders unanimously agree upon and are acceptable to the Borrower.

• Each Defaulting Lender agrees to indemnify each Non-Defaulting Lender for any amounts paid by such Non-Defaulting Lender under this Section 21.19 and which would otherwise have been paid by the Defaulting Lender if its Individual Commitment Amount had been included in determining the Lender's Rateable Portion of such affected Advances.

More Definitions of Individual Commitment Amount

Individual Commitment Amount means, (i) in respect of each LIFE Purchaser for Charity FT Shares, an amount equal to the Charity FT Share Subscription Price multiplied by the number of Charity FT Shares subscribed and paid for by such LIFE Purchaser pursuant to the LIFE Offering, and (ii) in respect of each Private Placement Subscriber for Private Placement Shares, an amount equal to the Flow-Through Share Subscription Price multiplied by the number of Private Placement Shares subscribed and paid for by such Private Placement Subscriber;

Individual Commitment Amount means, in respect of each Subscriber for Charity Flow-Through Shares, an amount equal to the subscription price specified in the respective Subscription Agreement multiplied by the number of Charity Flow-Through Shares subscribed and paid for by such Subscriber pursuant to such Subscription Agreement;

Individual Commitment Amount means, for each FT Subscriber, in respect of FT Units, an amount equal to the Offering Price multiplied by the number of FT Units subscribed and paid for by such FT Subscriber.

Individual Commitment Amount means, in respect of each Private Placement Subscriber for Private Placement Shares, an amount equal to the subscription price specified in the respective Private Placement Subscription Agreement multiplied by the number of Private Placement Shares subscribed and paid for by such Private Placement Subscriber pursuant to such Private Placement Subscription Agreement;

Individual Commitment Amount means, from time to time, in respect of a Lender, that portion of the Commitment Amount which such Lender has severally agreed to make available to the Borrower in accordance with the terms and conditions of the Agreement, subject to adjustment pursuant to the terms of the Agreement.

Individual Commitment Amount means, from time to time, the aggregate of the Individual Tranche 1 Commitment Amount and the Individual Tranche 2 Commitment amount of a Lender.