Mandatory Commitment Reductions definition

Mandatory Commitment Reductions means a permanent reduction of the Aggregate Commitment which shall be made from time to time as may be required under Sections 5.12, 6.09(c) and/or 8.02.
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Mandatory Commitment Reductions means, as of any calculation date, the excess, if any, of (a) the aggregate principal amount of the Revolving Loans, the Swing Loans and the L/C Obligations outstanding at the beginning of the period being measured, over (b) the lowest amount of the Revolving Loan Commitment during the period being measured.
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Mandatory Commitment Reductions means, as of any calculation date, the excess, if any, of (a) the aggregate principal amount of the Revolving Loans and the Swing Loans outstanding at the beginning of the period being measured, over (b) the lowest amount of the Revolving Loan Commitment during the period being measured. "MATERIAL AFFILIATE CONTRACTS" shall mean, collectively, (a) the Consulting Agreement, (b) the Services Agreement, (c) the Tax Sharing Policy and (d) each agreement between any of the Borrower Parties with any of its Affiliates identified on SCHEDULE 1 attached hereto. "MATERIAL FILM RIGHTS AGREEMENTS" shall mean any Film Rights Agreement of any Borrower Party pursuant to which such Borrower Party is obligated to make payments of $10,000,000 or more in the aggregate.
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Examples of Mandatory Commitment Reductions in a sentence

  • In addition, such certificate shall identify, for such month and such period since July 1, 1999, the respective amounts of such proceeds which have resulted in Mandatory Commitment Reductions, the respective amounts of such proceeds which have been applied to make Investments under Section 5.02(f)(5), and the respective amounts of such proceeds which are available for application, but have not yet been applied, to make Investments under Section 5.02(f)(5).

  • Mandatory Commitment Reductions; Collateral Requirements.................

  • Section 2.8. Mandatory Prepayments; Mandatory Commitment Reductions 21 Section 2.9. General Provisions Regarding Payments 22 Section 2.10.

  • Mandatory Prepayment of Revolving Loans and Mandatory Commitment Reductions; Commitment Termination....................................................4855 SECTION 2.13.

  • Article 1(h), in its main text, starts with the AMS for each product (or non-product- specific support) as already calculated in Article 1(a)(ii) and Annex 3.

  • Mandatory Prepayment of Revolving Loans and Mandatory Commitment Reductions; Commitment Termination.........................................................................................

  • ANNEX 1: RECOMMEDATIONS FROM EXTERNAL BUILDING INVESTIGATIONThe following work should be considered as part of an ongoing remedial and maintenance strategy.

  • Notwithstanding the foregoing, during any Leverage Trigger Period, no Borrowing shall be permitted that would cause (a) the aggregate principal amount of Revolving Facility Advances plus the Letter of Credit Exposure to exceed (b)(i) the Total Revolving Facility Commitments (after taking into account any Mandatory Commitment Reductions) less (ii) the amount of any Mandatory Prepayments made during such Leverage Trigger Period in excess of the Mandatory Commitment Reductions as provided in Section 2.07(c).

  • Mandatory Prepayments of Loans; Mandatory Commitment Reductions..

  • Mandatory Prepayment of Revolving Loans and Mandatory Commitment Reductions; Commitment Termination.


More Definitions of Mandatory Commitment Reductions

Mandatory Commitment Reductions means, as of any calculation date, the excess, if any, of (a) the aggregate principal amount of the Revolving Loans and the Swing Loans outstanding at the beginning of the period being measured, over (b) the lowest amount of the Revolving Loan Commitment during the period being measured.
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Mandatory Commitment Reductions shall have the meaning assigned to such term in Section 2.01(e) hereof.
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Mandatory Commitment Reductions. The unutilized portion of the total commitments under the A-2 Term Loan Facility shall (i) be reduced on the third month anniversary of the Closing Date by an amount (but not less than zero) equal to the difference of $50 million and the aggregate principal amount of A-2 Term Loans theretofore incurred and (ii) be terminated on the sixth month anniversary of the Closing Date.
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Mandatory Commitment Reductions. The definition of “Mandatory Commitment Reduction(s)” in Section 1.01 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:
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Mandatory Commitment Reductions means, as of the date of determination, the aggregate amount of the Commitment Reduction required.
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Related to Mandatory Commitment Reductions

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied), (ii) the aggregate principal amount of all outstanding Swing Line Loans and (iii) the Letter of Credit Usage.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders, as adjusted from time to time in accordance with the terms hereof. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is SEVEN HUNDRED MILLION DOLLARS ($700,000,000.00).

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A-3 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $60,000,000.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $150,000,000.

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.