New Money Commitments definition

New Money Commitments means credit facilities or other facilities under which credit exposures may arise provided by any Senior Finance Party to the Principal Borrower and/or a Group Company after the date of this deed (including any onloan thereof from the Principal Borrower or a similar special purpose vehicle to a Group Company) in addition to those which the Senior Finance Parties are committed to provide under the Senior Finance Documents in force as at the date of this deed (but credit exposures in relation to any Hedging Agreement entered into after the date of this deed will not be New Money Commitments);
Sample 1
New Money Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s New Money Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof.
Sample 1
New Money Commitments means credit facilities (or other facilities under which credit exposures may arise) provided by any Senior Finance Party to a Group Company after the date of this deed in addition to those which the Senior Finance Parties are committed to provide under the Senior Finance Documents in force as at the date of this deed;
Sample 1

Examples of New Money Commitments in a sentence

  • The New Money Commitments in respect of the New Money Loans shall terminate automatically immediately after the making of the New Money Loans on the Funding Date.

  • The Debtors shall pay a fee of 2.00% of the New Money Commitments, earned and payable in full upon Initial Funding.

  • The Borrowers shall pay 0.50% on the amount of the New Money Commitments payable on the date of the extension of maturity date under the DIP Facility.

  • The Borrower shall pay to the DIP Lenders on the Closing Date an amount equal to 3.00% of the aggregate amount of the DIP New Money Commitments, which such amount shall be payable-in-kind as an increase to the principal amount of the DIP Loans.

  • Notwithstanding the foregoing or anything else to the contrary in this Agreement or the other Loan Documents, no waiver, amendment or modification of Section 2.15 of this Agreement or any other provision relating to the priority of payment of New Money Loans over Rollover Loans, including Sections 2.11, 2.12, and 2.13, shall be effective without the consent of Lenders having 100% of the aggregate amount of New Money Loans and outstanding New Money Commitments.

  • The aggregate amount of the New Money Commitments shall be reduced by the amount of each Borrowing of New Money Loans made hereunder immediately upon the funding thereof, and the amount of each Lender’s applicable New Money Commitment shall be automatically and permanently reduced by the amount of the related New Money Loan funded by such Lender pursuant to Section 2.02(b) immediately upon the funding thereof.

  • The Borrower shall pay to the DIP Lenders on the Closing Date an amount equal to 3.00% of the aggregate amount of the DIP New Money Commitments, which amount shall be payable-in-kind as an increase to the principal amount of the DIP Loans.

  • Any reduction or termination of the New Money Commitments pursuant to this Section 2.1(e) shall be applied ratably to each Lender's New Money Commitment and shall be permanent, with no obligation of the Lenders to reinstate such New Money Commitments, and the applicable commitment fees set forth in Section 2.7 shall thereafter be computed on the basis of the Commitments, as so reduced.

  • This means that the income obtained from potato growing comprised as a minimum 61% and as a maximum 71.4% of the normative price.

  • Notwithstanding the foregoing, no voluntary prepayment of Roll-Up Loans may be made until all New Money Loans and all other Obligations in respect thereof have been paid in full in cash and all New Money Commitments have been terminated.


More Definitions of New Money Commitments

New Money Commitments shall be defined as (a) $150,000,000 minus (b) the face amount of the Refinanced L/Cs. Unused Commitment Fee: 0.5% per annum on daily average unused amount of the New Money Commitments payable monthly in arrears and on the Maturity Date.
Sample 1
New Money Commitments means the aggregate of all such New Money Commitments for all Lenders, and the aggregate amount of the New Money Commitments as of the Effective Date is $50,000,000.
Sample 1
New Money Commitments is defined in the Intercreditor Agreement.
Sample 1

Related to New Money Commitments

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

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

  • 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.

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

  • Term Commitments means a Term B Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • New Commitments has the meaning set forth in Section 2.18(a).

  • Other Revolving Credit Commitments means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

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

  • 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 $500,000,000. 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 Commitments has the meaning specified in Section 2.14(a).

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

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

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

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

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

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

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

  • 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 Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

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

  • Increased Commitments has the meaning assigned to such term in Section 2.19(a).

  • 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).

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).