Initial Revolving Commitments definition

Initial Revolving Commitments means the Revolving Commitments of the Revolving Lenders as of the Closing Date.

Initial Revolving Commitments means with respect to each Revolving Lender, the commitment of such Revolving Lender to make Initial Revolving Loans in the aggregate principal amount set forth opposite such Revolving Lender’s name on the Commitments Schedule under the heading “Initial Revolving Commitments,” as adjusted to reflect each Assignment and Assumption executed by such Revolving Lender and as such amount may be increased or reduced pursuant to this Agreement, and “Initial Revolving Commitments” means the aggregate Initial Revolving Commitments of all Revolving Lenders, which amount, initially as of the Closing Date, is $1,000.0 million.

Initial Revolving Commitments means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Revolving Commitment, if any, is subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Revolving Commitments as of the Closing Date is $50,000,000.

Examples of Initial Revolving Commitments in a sentence

• By checking the box immediately below, you have indicated that you will be converting the entire aggregate principal amount of your Initial Revolving Credit Commitments into New Initial Revolving Commitments.

• During the Initial Revolving Commitment Period, the Borrower may use the Initial Revolving Commitments by borrowing, prepaying the Initial Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

• Each Lender’s Initial Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Initial Revolving Loans and all other amounts owed hereunder with respect to the Initial Revolving Facility and the Initial Revolving Commitments shall be paid in full no later than such date.

• Unless previously terminated, the Initial Revolving Commitments shall terminated on the Revolving Commitment Termination Date.

• The Borrower shall pay to the relevant Issuing Bank a fee equal to the greater of (x) $500 and (y) 1/8 of 1% per annum of the maximum amount available to be drawn under such Letter of Credit (or such other fee as may be agreed between any such Issuing Bank and the Borrower) (the “L/C Facing Fee”), payable quarterly in arrears on each L/C Fee Payment Date with respect to such Letter of Credit and on the Initial Revolving Maturity Date or such other date as the Initial Revolving Commitments shall terminate.

More Definitions of Initial Revolving Commitments

Initial Revolving Commitments means the aggregate Initial Revolving Commitments of all Revolving Lenders, which amount, initially as of the Closing Date, is $1,000.0 million.

Initial Revolving Commitments the Commitment of the Lenders on the Closing Date.

Initial Revolving Commitments means the Revolving Commitments of the Revolving Lenders as of the Effective Date. The initial aggregate principal of the Lender’s Revolving Commitments on the Effective Date is $500,000,000.

Initial Revolving Commitments means the Initial US Dollar Revolving Commitments and the Initial Multicurrency Revolving Commitments.

Initial Revolving Commitments means, with respect to any Initial Revolving Lender, its obligation to make Initial Revolving Loans to the Borrower pursuant to Section 2.01(b), in an aggregate principal amount at any one time outstanding not to exceed the amount set forth on Part A of Schedule 2.01 under the heading “Initial Revolving Commitments” or in the Assignment and Acceptance pursuant to which such Initial Revolving Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate principal amount of the Initial Revolving Commitments on the Effective Date is $750,000,000.

Initial Revolving Commitments as to each Revolving Lender hereunder as of the Closing Date, the obligation of such Lender, if any, to make Revolving Loans and participate in Letters of Credit, Local Loans, Acceptances and Swingline Loans in an aggregate principal and/or face amount not to exceed the amount set forth on Schedule 2.1. The aggregate amount of the Initial Revolving Commitments as of the Closing Date is $400,000,000.

Initial Revolving Commitments has the meaning assigned to such term in the definition of Revolving Commitments.