Original Revolving Commitment definition

Original Revolving Commitment each “Revolving Commitment” (as defined under the Existing Credit Agreement) in effect under the Existing Credit Agreement immediately prior to the effectiveness of this Agreement on the Closing Date.

Original Revolving Commitment means, as to each applicable Lender (including any Lender that purchases any portion of the Original Revolving Commitment by assignment), the Dollar commitment of such Lender with respect to the Original Revolving Committed Amount, as such Original Revolving Commitment may be modified by assignment.

Original Revolving Commitment means, as to any Lender, the obligation of such Lender to make Revolving Loans and to participate in Letters of Credit as set forth in this Agreement immediately prior to the Amendment No. 2 Effective Date.

Examples of Original Revolving Commitment in a sentence

• On the Closing Date, the Original Revolving Commitment and all other obligations of Borrower outstanding as of such date under the Original Credit Agreement, as amended, shall be deemed to be the Revolving Commitment and obligations outstanding under this Agreement, without any further action by any Person.

• The execution and delivery of this Agreement shall not constitute a novation, release, impairment or discharge of the Original Revolving Commitment or any of the other obligations existing under the Original Credit Agreement.

• Each mandatory reduction of the Original Revolving Commitments pursuant to Section 2.06(b) shall be applied to the Original Revolving Commitment of each Lender then holding such commitment (including any Lender that assumes an Original Revolving Commitment pursuant to an assignment effected after the Closing Date, if applicable) according to its Applicable Percentage of such commitments.

• It is a collection of preventative, proactive strategies that focuses on building rapport and trust between pupils and staff so that pupils can learn from the teaching and learning opportunities presented at The Rise.

• The request by the Borrower for the extension of the Original Revolving 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 Revolving Commitment Termination Date.

More Definitions of Original Revolving Commitment

Original Revolving Commitment means each “Revolving Commitment” as defined in this Agreement as in effect immediately prior to Amendment No. 5 Effective Date.

Original Revolving Commitment as defined in the recitals hereto.

Original Revolving Commitment has the meaning specified in the Recitals.

Original Revolving Commitment means, with respect to each Lender, such Lender’s Revolving Commitments from and including the Effective Date to (but not including) the Amendment No. 3 Effective Date.

Original Revolving Commitment means a Revolving Commitment that terminates on the sixth anniversary of the Closing Date (or, if earlier, the dates specified in clause (ii) and (iii) of the definition of “Original Revolving Commitment Termination Date”).

Original Revolving Commitment means with respect to each Original Lender, the commitment, if any, of such Original Lender to make a Revolving Loan hereunder after the Third Amendment and Restatement Effective Date in the amount set forth on Schedule I to the Lender Addendum executed and delivered by such Original Lender, in the Assignment and Acceptance pursuant to which such Original Lender shall have assumed its Revolving Commitment or in Schedule 1 to the Confidential Lender Authorization executed and delivered by such Original Lender, as applicable, as such commitment may be (a) terminated or reduced from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by or to such Original Lender pursuant to Section 11.04. The initial aggregate amount of the Original Lenders’ Original Revolving Commitments was $150.0 million.

Original Revolving Commitment as to any Lender, the obligation of such Lender, if any, to make Original Revolving Loans and participate or be assigned interests in Swingline Loans and Letters of Credit (in each case, whether or not such Loans or Letters of Credit are actually made, issued or drawn) in an aggregate principal and/or face amount equal to the Revolving Commitment under and as defined in the Original Credit Agreement (A) immediately prior to the occurrence of the Amendment and Restatement Effective Date of such Lender, to the extent such Lender has not submitted a Consent pursuant to the Amendment Agreement or (B) 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 amount of the Total Original Revolving Commitments as of the Amendment and Restatement Effective Date is $0.