Original Revolving Loan Commitment definition

Original Revolving Loan Commitment means a "Revolving Loan Commitment" under, and as defined in, the Original Credit Agreement.
Sample 1
Original Revolving Loan Commitment means, relative to any Lender, such Lender’s obligation (if any) to make Revolving Loans pursuant to clause (a) of Section 2.1.1.
Sample 1
Original Revolving Loan Commitment means, as to any Lender, the obligation of such Lender, if any, to make Original Revolving Loans to the Borrower hereunder in an aggregate principal amount not to exceed at any one time the amount set forth under the heading "Original Revolving Loan Commitment" opposite such Lender's name on Schedule 1.1 or, in the case of any Lender that is an Eligible Institution, the amount of the Original Revolving Loan Commitment of the assigning Lender which is assigned to such Eligible Institution in accordance with Section 11.5 and set forth in the applicable Assignment and Acceptance Agreement, in each case, as such amount may be reduced from time to time in accordance herewith.
Sample 1

Examples of Original Revolving Loan Commitment in a sentence

  • All reductions of the Aggregate Original Revolving Loan Commitment shall be allocated pro rata among all Lenders with an Original Revolving Loan Commitment.

  • A permanent reduction of the Aggregate Original Revolving Loan Commitment shall not require a corresponding pro rata reduction in the L/C Sublimit or the Swingline Commitment; provided, that the L/C Sublimit and/or the Swingline Commitment, as applicable, shall be permanently reduced by the amount thereof in excess of the Aggregate Original Revolving Loan Commitment.

  • If and to the extent that a Lender with an Original Revolving Loan Commitment hereunder does not make its portion of such Letter of Credit Advance available to the Administrative Agent, such Lender agrees to pay to the Administrative Agent forthwith on demand such amount, together with interest thereon, for each day from the date of demand by the Issuing Lender until the date such amount is paid to the Administrative Agent, at the Federal Funds Effective Rate for the account of the Issuing Lender.

  • All commitment fees payable pursuant to this Section shall be calculated on a year comprised of 360 days and payable by the Company in arrears on the Closing Date and thereafter on each Quarterly Payment Date, commencing with the first Quarterly Payment Date following the Closing Date, and on the Original Revolving Loan Commitment Termination Date or the Extended Revolving Loan Commitment Termination Date, as applicable.

  • A permanent reduction of the Aggregate Original Revolving Loan Commitment shall not require a corresponding pro rata reduction in the L/C Sublimit or the Swingline Commitment; provided, that the L/C Sublimit and/or the Swingline Commitment, as applicable, shall be permanently reduced by the amount thereof in excess of the Aggregate Orig inal Revolving Loan Commitment.

  • The amount of the Aggregate Original Revolving Loan Commitment, and the respective amounts of the Original Revolving Loan Commitments, shall be reduced on a dollar for dollar basis by the undrawn stated amount of all outstanding Letters of Credit.

  • Each Lender with an Original Revolving Loan Commitment hereunder agrees to participate in all Letter of Credit Advances as provided herein.

  • The Borrower agrees to pay to the Administrative Agent, for the account of the Revolving Loan Lenders in accordance with each Revolving Loan Lender's Original Revolving Loan Commitment, a fee (the "Commitment Fee"), during the Revolving Loan Commitment Period, at a rate per annum equal to the Commitment Fee Percentage on the average daily unused Aggregate Applicable Revolving Loan Commitment with respect to the Original Revolving Loan Facility.

  • On the Restatement Effective Date, each Original Revolving Loan Commitment (as in effect on the Restatement Effective Date immediately prior to giving effect thereto) of each Original Revolving Lender under the Original Credit Agreement is hereby continued as a Revolving Loan Commitment hereunder of such Original Revolving Lender.


More Definitions of Original Revolving Loan Commitment

Original Revolving Loan Commitment means, as to any Lender, its Revolving Loan Commitment (as defined in the Existing Credit Agreement) under the Existing Credit Agreement immediately prior to the Amendment and Restatement Effective Date.
Sample 1

Related to Original Revolving Loan Commitment

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

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

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • 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.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

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

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

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Initial Revolving Credit Commitment means, with respect to any Person, the commitment of such Person to make Initial Revolving Loans (and acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on the Commitment Schedule, or in the Assignment Agreement pursuant to which such Person assumed its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 or 2.19, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05 or (c) increased pursuant to Section 2.22. The aggregate amount of the Initial Revolving Credit Commitments as of the Closing Date is $75,000,000.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the 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.

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility