New Money Loan Commitment definition

New Money Loan Commitment means the amount in U.S. Dollars set opposite each Lender’s name under the heading “New Money Loan Commitment” as set forth on Annex A or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed or reduced from time to time pursuant to the terms hereof; provided, that the aggregate amount of the New Money Loan Commitment shall not exceed the New Money Loan Cap.
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New Money Loan Commitment means the commitment of the Lender to make or otherwise fund the New Money Loans on and after the Effective Date. The aggregate amount of the New Money Loan Commitment as of the date hereof is $57,500,000.
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New Money Loan Commitment the commitment and obligation of the Lenders to fund their Pro Rata shares of New Money Loans pursuant to Section 2.1.2 in an aggregate principal amount outstanding at any time not to exceed the amount determined at such time to be equal to (a) the New Money Loan Cap, minus (b) the aggregate principal amount of New Money Loans made through to such time. The New Money Loan Commitment shall be set forth on the New Money Loan Commitment Schedule. For the avoidance of doubt, if applicable from time to time, the New Money Loan Commitment shall be adjusted to reflect any reduction resulting from the operation of the provisions hereof (including pursuant to Section 2.1.4); provided, that the aggregate amount of the New Money Loan Commitment shall not exceed the New Money Loan Cap.
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Examples of New Money Loan Commitment in a sentence

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  • Subject to the terms and conditions hereof, the Lender agrees to make term loans in dollars to the Company from time to time in an aggregate amount up to but not exceeding the Lender's New Money Loan Commitment.

  • The procedures for making allocations of the New Money DIP Loans set forth in the New Money Loan Commitment Procedures Memorandum and the New Money Loan Commitment Standard Terms, attached hereto as Exhibit C (collectively, the “ Procedures”), are hereby approved.

  • No fees or other amounts payable hereunder (including the New Money Loan Commitment Payment, Termination Payment, and Agent Fees) shall be refundable under any circumstances.

  • The procedures for making allocations of the New Money DIP Loans set forth in the New Money Loan Commitment Procedures Memorandum and the New Money Loan Commitment Standard Terms, substantially in the form filed with the Court on February 23, 2009 (collectively, the “ Procedures”), are hereby approved.

  • As additional consideration for participating in the DIP Facility and making the loans thereunder, each DIP Lender shall receive a payment in an amount equal to 5.00% of its DIP New Money Loan Commitment (the “DIP Facility Commitment Payment”), which DIP Facility Commitment Payment shall be paid in kind and deemed fully earned, non-refundable and payable in full on the Closing Date by capitalizing it and adding to the principal balance of DIP New Money Loans.


More Definitions of New Money Loan Commitment

New Money Loan Commitment means the commitments of the Lender under and subject to, this Agreement and the DIP Order to advance to the Borrower a maximum of
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Related to New Money Loan Commitment

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

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