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 2.15, 5.12, 5.26 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. 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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Examples of Mandatory Commitment Reductions in a sentence

  • Mandatory Prepayments of Loans; Mandatory Commitment Reductions .

  • No Voluntary Permanent Reduction or Mandatory Commitment Reductions shall relieve or otherwise defer the making of each Scheduled Reduction on each Reduction Date.

  • Mandatory Prepayments of Loans; Mandatory Commitment Reductions................................................................

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

  • Mandatory Prepayments of Loans; Mandatory Commitment Reductions .................................................

  • Mandatory Prepayments of Loans; Mandatory Commitment Reductions.................................................

  • Mandatory Commitment Reductions Repayment Interest Fees Computation of Fees and Interest Payments by the Borrower Payments by the Banks to the Agent, etc.

  • Risk Policy Manual – September 2013 Trade Secret and Strictly Confidential 27 previously established reserves, all divided by (2) Cash Interest Expense (including any Non-Cash Interest which is anticipated to become Cash Paying within the next 12 months), plus Scheduled Repayment of Debt and Mandatory Commitment Reductions.

  • Prepayment of Loans; Mandatory Commitment Reductions.............................

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


More Definitions of Mandatory Commitment Reductions

Mandatory Commitment Reductions means, as of the date of determination, the aggregate amount of the Commitment Reduction required.
Sample 1
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.
Sample 1
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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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 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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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 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 means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The amount of the Aggregate Revolving Commitments in effect on the Closing Date is SIX HUNDRED MILLION DOLLARS ($600,000,000).

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached 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 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 $500,000,000.

  • 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 of the Revolving Commitments of all of the Revolving 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 $1,000,000,000.

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

  • New Revolving Commitments has the meaning assigned to such term in Section 2.04.

  • 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).