Overline Commitment definition

Overline Commitment means as to any Lender, the obligation of such Lender, if any, to make an Overline Loan to the Borrowers hereunder in a principal amount not to exceed the amount set forth with respect to such Lender on the signature pages to this Agreement or an amendment thereto. The original aggregate amount of the Overline Commitments is $3,000,000.
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Overline Commitment means the agreement of the Bank to extend the Overline to the Company until the Overline Maturity Date, and if the context so requires, the term may also refer to the maximum principal amount which is permitted to be outstanding under the Overline at any time.
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Overline Commitment the amount set forth below each Lender's name on the signature page to the Seventh Amendment. Overline Percentage—with respect to each Lender, the percentage equal to the quotient of such Lender's Overline Commitment divided by all Lenders' Overline Commitments. Seventh Amendment—that certain Seventh Amendment to Amended and Restated Loan and Security Agreement dated as of December 14, 2005 by and among Borrower, Agent and Lenders. * * * Seventh Amendment Effective Date—the date on which the conditions precedent to the effectiveness of the Seventh Amendment are satisfied."
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Examples of Overline Commitment in a sentence

  • Subject to Section 11.9 hereof, the Borrower agrees to pay to the Administrative Agent, for the account of the Lenders according to their Overline Specified Percentages, a commitment fee of 0.50% per annum on the daily average unused portion of the Overline Commitment during the period commencing on April 5, 1999 and ending on the Overline Commitment Maturity Date.

  • Air T shall pay to the Lender a fee (the “Overline Commitment Fee”) in an amount determined by applying a rate of 0.20% per annum to the average daily excess of the Overline Commitment over the outstanding principal balance of the Overline Loans.

  • Borrower hereby agrees that it shall pay to Lender, on or prior to the Fifth Amendment Effective Date, a commitment fee equal to 2.0% of the maximum aggregate amount of the Overline Revolving Credit Loans (the "Overline Commitment Fee").

  • On the Overline Commitment Maturity Date, the Overline Commitment shall be automatically reduced to zero.

  • Once reduced, the Revolving Credit Commitment or the Overline Commitment may not be increased or reinstated.

  • The maximum amount of Overlines any Lender shall be required to make shall not exceed such Lender's Overline Commitment and the total amount of all such Overline Commitments is $5,000,000.

  • Each Lender severally agrees, upon the terms and conditions of this Agreement, to make Overline Advances to the Borrower from time to time up to but not including the Overline Commitment Maturity Date in an aggregate not to exceed its Overline Specified Percentage of the Overline Commitment, for the purposes set forth in Section 5.8(a) hereof.

  • Provided that the Overline Commitment has been terminated, the Borrower shall have the right, upon not less than 5 Business Days' notice by an Authorized Signatory to the Administrative Agent (if telephonic, to be confirmed by telex or in writing on or before the date of reduction or termination), which shall promptly notify the Lenders, to terminate or reduce the Revolving Credit Commitment.

  • Upon not less than three Business Days’ notice to the Lender, Air T shall have the right to terminate the Overline Commitment or, from time to time, to reduce the aggregate amount of the Overline Commitment; provided, that no such termination or reduction of the Overline Commitment shall be permitted if, after giving effect thereto and to any prepayments of the Overline Loans made on the effective date thereof, the outstanding principal balance of Overline Loans would exceed the Overline Commitment.

  • To the extent not otherwise required to be paid earlier as provided herein, the principal amount of the Overline Advances shall be due and payable on the Overline Commitment Maturity Date.


More Definitions of Overline Commitment

Overline Commitment. Overline Exposure", "Overline L/C Exposure", "Overline Letters of Credit", "Overline Loans", "Overline Maturity Date" and "Total Overline Commitment" in their entirety.
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Overline Commitment means the obligation of the Lender to make Overline Loans to Air T in an aggregate principal amount not to exceed DocuSign Envelope ID: 70B9FD62-0052-408A-BE24-C0025BA3E219
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Overline Commitment means $50,000,000."
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Overline Commitment means, with respect to each Overline Lender, the commitment of such Overline Lender to make Overline Loans hereunder as set forth in Section 2.01, or in the Assignment and Acceptance pursuant to which such Overline Lender assumed its Overline Commitment, as applicable, as the same may be reduced from time to time pursuant to this Agreement and pursuant to assignments by such Overline Lender pursuant to Section 9.04."
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Overline Commitment means $5,000,000, as reduced pursuant to Section 2.6 hereof.
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Related to Overline Commitment

  • Swingline Commitment the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Maximum line current means the root-mean-square current in the supply line of an x-ray machine operating at its maximum rating.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) 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 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.

  • 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-3 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 $250,000,000.

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

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • LOC Commitment means the commitment of the Issuing Lender to issue Letters of Credit and with respect to each Revolving Lender, the commitment of such Revolving Lender to purchase Participation Interests in the Letters of Credit up to such Lender’s Revolving Commitment Percentage of the LOC Committed Amount.

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

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) 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 caption “Revolving Credit Commitment” or opposite such caption 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.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • LC Commitment means that portion of the Aggregate Revolving Commitment Amount that may be used by the Borrower for the issuance of Letters of Credit in an aggregate face amount not to exceed $15,000,000.

  • L/C Commitment $50,000,000.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Total Revolving Credit Commitment means, at any time, the aggregate amount of the Revolving Credit Commitments, as in effect at such time. The initial Total Revolving Credit Commitment is $90,000,000.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being US$830,000,000 at the date of this Agreement.

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.