Original Commitment definition

Original Commitment means, with respect to any Original Lender, immediately prior to the effectiveness of this Agreement, the amount of such Original Lender’s commitment to make a Loan pursuant to the Original Credit Agreement.

Original Commitment means each “Revolving Commitment” (as defined in the Existing Credit Agreement as in effect immediately prior to the Amendment Effective Date) as in effect immediately prior to the Amendment Effective Date.

Original Commitment means, as to any Lender, its obligation, during the Original Availability Period, to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the heading “Original Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of Original Commitments on the Amendment Effective Date is $205,000,000.

Examples of Original Commitment in a sentence

• No party has been authorized by Pinnacle, any Original Commitment Party or the Additional Commitment Party to make any oral or written statements that are inconsistent with this Commitment Joinder Letter.

• The request by the Borrower for the extension of the Original Commitment Termination Date shall constitute a representation and warranty by the Borrower Parties that no Potential Default or Event of Default then exists and that all of the conditions set forth in Section 1.7(5)(B) below shall have been satisfied on the Original Commitment Termination Date.

• This letter (this “Commitment Joinder Letter”) sets forth the agreement of Pinnacle, each Original Commitment Party and the additional commitment party signatory hereto (the “Additional Commitment Party”) regarding the commitment by the Additional Commitment Party to provide a portion of the commitments under the Commitment Letter.

• The Original Commitment of each Lender shall automatically terminate on the Original Maturity Date.

• Upon delivery of such executed supplement, such Lender’s Original Commitment shall immediately, and without any further consent or action of any other Person, convert to an Extended Commitment, such Lender shall for all purposes of this Agreement (with respect to such Extended Commitment) be an Extended Commitment Lender and Schedule 2.01 shall be automatically updated to reflect such conversion.

More Definitions of Original Commitment

Original Commitment means $250,000,000.

Original Commitment means, with respect to each Lender, the amount set forth opposite such Lender’s name on the signature page hereof as executed on December 21, 2012.

Original Commitment means, with respect to each Original Lender, the commitment of such Original Lender to make Revolving Loans hereunder and to acquire participations in Letters of Credit and Swing Line Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Original Lender’s Loans hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.8, (b) increased from time to time pursuant to Section 2.19 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to the Amendment and Restatement Agreement, Section 2.20 or Section 10.4. The initial amount of each Original Lender’s Original Commitment as of the Restatement Effective Date is set forth on Schedule 2.1(a). The initial aggregate amount of the Original Lenders’ Original Commitments as of the Restatement Effective Date is $300,000,000.

Original Commitment means the Commitment made after an Award, and does not include any amendments or interim extensions, or renewals made to the Commitment. (120-10, 65-12)

Original Commitment each “Commitment” (as defined in the Original Credit Agreement as in effect immediately prior to the First Amendment and Restatement Effective Date) as in effect immediately prior to the First Amendment and Restatement Effective Date.

Original Commitment means, with respect to any Lender, such Lender’s obligations to make Revolving Loans and participate in Letters of Credit pursuant to Section 2.1 and Section 2.12, respectively, initially in the amount and percentage set forth opposite such Lender’s name on Schedule 1.1(c) or later set forth on any updated version of Schedule 1.1(c), any Assignment Agreement pursuant to Section 11.11 or any amendment or supplement hereto, as such obligations may be reduced or increased from time to time as expressly provided pursuant to this Agreement.

Original Commitment means the Commitment made after an Award, and does not include any amendments or interim extensions, or renewals made to the Commitment. (01 20-2010, 0065-2012)