Maximum Facility Commitment definition

Maximum Facility Commitment has the meaning assigned to such term in the Initial Liquidity Facility.
Sample 1Sample 2Sample 3
Maximum Facility Commitment means initially $8,665,569 and, at any time thereafter, an amount (not exceeding such initial amount) equal to nine months of interest at the Stated Rate (but not including any Step-Up Interest) on the actual Outstanding Principal Balance of the Specified Series as of the most recent Payment Date after all payments of principal on such Payment Date.
Sample 1
Maximum Facility Commitment means initially $32,800,000 and, at any time thereafter, an amount (not exceeding such initial amount) equal to 12 months of interest at the Stated Rate (but not including any Step-Up Interest) on the actual Outstanding Principal Balance of the Specified Series as of the most recent Payment Date after all payments of principal on such Payment Date. “Non-Extension Advance” means an Advance made pursuant to Section 2.02(b). “Non-Extended Facility” means the facility provided for in this Agreement after the delivery of a Non-Extension Notice pursuant to Section 2.10. “Notice of Borrowing” has the meaning specified in Section 2.02(e).
Sample 1

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.


More Definitions of Maximum Facility Commitment

Maximum Facility Commitment means $60,000,000.
Sample 1
Maximum Facility Commitment means Seventy Five Million Dollars ($75,000,000.00).
Sample 1

Related to Maximum Facility Commitment

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $50,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

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

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being US$250,000,000 at the date of this Agreement.

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

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

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

  • 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.

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

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

  • 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).

  • 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.

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

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

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

  • 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.

  • 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).

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

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.