Multicurrency Revolving Commitments definition

Multicurrency Revolving Commitments as to any Multicurrency Revolving Lender, the obligation of such Lender, if any, to make Multicurrency Revolving Loans and participate in Multicurrency Swingline Loans and Multicurrency Letters of Credit in an aggregate principal and/or face Dollar Amount not to exceed the amount set forth under the heading “Multicurrency Revolving Commitment” opposite such Lender’s name on Schedule 1 hereto, or, as the case may be, in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The original Dollar Amount of the Multicurrency Revolving Commitments is $40,000,000.

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Multicurrency Revolving Commitments means such commitments collectively, which commitments equal $1,500,000,000 in the aggregate as of the Closing Date.

Multicurrency Revolving Commitments means the Multicurrency Revolving Commitment of each Lender taken together. The initial aggregate principal amount of the Lenders’ Multicurrency Revolving Commitments on the Closing Date is $10,000,000.

Examples of Multicurrency Revolving Commitments in a sentence

All Multicurrency Revolving Loans comprising the same Borrowing hereunder shall be made by the Multicurrency Revolving Lenders simultaneously and in proportion to their respective Multicurrency Revolving Commitments.
Upon any change in the Multicurrency Revolving Commitments of the Multicurrency Revolving Lenders, it is hereby agreed that, with respect to all outstanding Letters of Credit and Unpaid Drawings relating to Letters of Credit, there shall be an automatic adjustment pursuant to this Section 2.10(e) to reflect the new Multicurrency Revolver Pro Rata Share of the assignor and assignee Lender or of all Lenders with Multicurrency Revolving Commitments, as the case may be.
The failure of any Multicurrency Revolving Lender to accept any B/A required to be accepted by it shall not relieve any other Multicurrency Revolving Lender of its obligations hereunder; provided that the Multicurrency Revolving Commitments are several and no Multicurrency Revolving Lender shall be responsible for any other Multicurrency Revolving Lender’s failure to accept B/As as required.
Multicurrency Revolving Loans shall be prepaid as necessary at any time when currency exchange fluctuations cause (i) the total Multicurrency Revolving Credit Exposure at such time to exceed the total amount of the Multicurrency Revolving Commitments or (ii) the total Revolving Credit Exposure at such time to exceed the total amount of the Revolving Commitments.
For the avoidance of doubt, all or any portion of any Class of Revolving Commitments may be replaced by Revolving Commitments of another Class (e.g. the U.S. Revolving Commitments may be terminated and replaced with Multicurrency Revolving Commitments), as mutually agreed by the Borrower and the Agents.
Each Lender’s obligation to make payment to the Issuing Lender pursuant to this Section 2.19(c) shall be absolute and unconditional and shall not be affected by any circumstance whatsoever, including the termination of the Dollar Revolving Commitments or Multicurrency Revolving Commitments or the existence of any Default or Event of Default, and each such payment shall be made without any offset, abatement, reduction or withholding whatsoever.
For the avoidance of doubt, in no event shall the amendment and restatement of the Existing Credit Agreement hereunder constitute a termination of the Multicurrency Revolving Commitments for purposes of any Overdraft Agreement.
Unless otherwise specified, accrued Commitment Fees shall be due and payable in arrears (A) on each Quarterly Payment Date after the Effective Date, (B) on the Revolver Termination Date and (iii) upon any reduction or termination in whole or in part of the Multicurrency Revolving Commitments (but only, in the case of a reduction, on the portion of the Multicurrency Revolving Commitments then being reduced).
Any reduction of the Revolving Commitments shall be applied ratably to the US$ Revolving Commitments and the Multicurrency Revolving Commitments.
During the Revolving Commitment Period the Borrower may use the Multicurrency Revolving Commitments by borrowing, prepaying the Multicurrency Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

More Definitions of Multicurrency Revolving Commitments

Multicurrency Revolving Commitments means such commitments collectively, which commitments equal $415,000,000 in the aggregate as of the Fourth Amendment Effective Date.

Multicurrency Revolving Commitments means such commitments collectively, which commitments equal [EURO]32,733,000 in the aggregate as of the date hereof.

Multicurrency Revolving Commitments means the Class B Multicurrency Revolving Commitments.

Multicurrency Revolving Commitments means, collectively, the Class A Multicurrency Revolving Commitments and the Class B Multicurrency Revolving Commitments; provided that after the Class A Termination Date, upon the Class A Multicurrency Revolving Lenders being paid all principal and interest and all other amounts then due and payable to them hereunder relating to their Class A Multicurrency Revolving Commitments, the term “Multicurrency Revolving Commitments” shall mean the Class B Multicurrency Revolving Commitments.