Examples of Maximum Facility Commitment in a sentence
After such reduction, the Maximum Facility Commitment will not be less than the Advances Outstanding after giving effect to, and conditioned upon, the repayment of Advances set forth in the attached notice.
The Agent shall notify each of the Banks promptly upon its acceptance of the Maximum Facility Commitment Addendum as provided for herein.
In the event the total disbursements by Lender exceed the Maximum Facility Commitment Amount, to the extent permitted by the laws of the State of California, the total of all disbursements shall be secured by the Deed of Trust.
Subject to the conditions and limitations hereinafter set forth, Xxxxxxx may from time to time, without the approval of the Agent or any Bank, reduce the Maximum Facility Commitment Amount for the Revolving Facility in favor of any other Borrower hereunder and effect a corresponding increase in the Maximum Facility Commitment Amount for the Xxxxxxx Revolving Facility.
In addition to Xxxxxxx'x right to request the establishment of additional Revolving Facilities in accordance with Section 2.04(a) above, Xxxxxxx shall also have the right from time to time to request that the Maximum Facility Commitment Amount for a Revolving Facility in favor of any other Borrower be increased from its then- existing amount to a greater amount.
Upon the making of a Downgrade Advance, a Non-Extension Advance or a Final Advance hereunder or the occurrence of the Termination Date, the obligation of the Liquidity Facility Provider to make further Advances hereunder with respect to the Maximum Facility Commitment shall automatically and irrevocably terminate, and the Cash Manager (on behalf of the Borrower) shall not be entitled to request any further Borrowing hereunder with respect to the Maximum Facility Commitment.
Notwithstanding the foregoing, no such reduction of a Maximum Facility Commitment Amount for an existing Revolving Facility shall be permitted if, after giving effect thereto, the aggregate principal amount outstanding of Committed Loans under such Revolving Facility, together with the LC Exposure thereunder, plus the aggregate principal amount outstanding of Competitive Loans to the applicable Borrower would exceed the Maximum Facility Commitment Amount for such Revolving Facility.
Such an increase and corresponding reduction of the Maximum Facility Commitment Amounts shall not be effective until the Maximum Facility Commitment Addendum and the accompanying documentation shall have been received and accepted by the Agent, which acceptance shall be evidenced by Agent's execution of the Maximum Facility Commitment Addendum.
With respect to the newly-reduced Maximum Facility Commitment Amount for the Revolving Facility in question, it is specifically understood that such reduced Maximum Facility Commitment Amount may not thereafter be increased except in accordance with the provisions of Section 2.04(b) above.
In no event may the aggregate Maximum Facility Commitment Amounts for the Cementerios Revolving Facility, the Funerarias Revolving Facility and any Revolving Facilities established in accordance with Section 2.04(a) above exceed at any time the principal sum of $200,000,000 or such lesser sum as may result from termination, in whole or in part, of any of such Revolving Facilities in accordance with the provisions of Section 2.09(a) or 5.14(e) of this Agreement.