Postpetition Commitment definition

Postpetition Commitment has the meaning set forth in Section 2.01(a).
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Postpetition Commitment means the commitment of any Lender to make Postpetition Loans as set forth in Section 2.09(a) hereof up to the amount for such Lender set forth on Exhibit B to the Fourth Amendment.
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Postpetition Commitment means the commitment of any Lender to make Postpetition Loans and cause the Issuing Bank to issue Postpetition Letters of Credit as set forth in Section 2.01 hereof up to the amount for such Lender set forth on Exhibit B to the Second Amendment.
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Examples of Postpetition Commitment in a sentence

  • The Postpetition Commitment shall be reduced by the principal amount of the Advances when made.

  • The expense reimbursement, additional cost, capital adequacy and indemnification provisions of this Agreement shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Postpetition Obligations, and the Postpetition Commitment or the termination of this Agreement or any provision hereof.

  • The Borrower may terminate the Postpetition Commitment at any time upon five (5) Business Days prior written notice to the Postpetition Lender or shorter notice period agreed to by the Postpetition Lender, provided, that such notice shall not terminate any Postpetition Obligations of the Borrower under any Postpetition Financing Document.

  • This Agreement shall terminate on the date on which all Postpetition Obligations then due and owing have been paid in full and the Postpetition Commitment has been terminated, except that (a) those provisions which by the express terms thereof continue in effect notwithstanding the termination of this Agreement, and (b) the Postpetition Obligations in the nature of continuing indemnities not yet due and payable, shall continue in effect.

  • On the effective date of any termination of the entire outstanding Postpetition Commitment pursuant to Section 2.15 or Section 6.02 (but not pursuant to a reduction due to the borrowing of Advances in the full amount of the Postpetition Commitment), all Postpetition Obligations shall be immediately due and payable.

  • The Borrower agrees to pay to the Postpetition Lender on the Closing Date a commitment fee equal to two percent (2.0%) of the aggregate Postpetition Commitment less the Roll Up Amount.

  • The Borrower agrees to pay to the Postpetition Lender on the Closing Date a loan administration fee equal to one half of one percent (0.50%) of the aggregate Postpetition Commitment less the Roll-Up Amount.

  • The Borrower agrees to pay to the Postpetition Lender on the Closing Date a loan administration fee equal to one half of one percent (0.50%) of the aggregate Postpetition Commitment.

  • The Borrower agrees to pay to the Postpetition Lender on the Closing Date a commitment fee equal to two percent (2.0%) of the aggregate Postpetition Commitment.

  • The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee of .75% on the average daily amount of the unused amount of the Postpetition Commitment of such Lender during the period from and including the date of the Petition Date to but excluding the Postpetition Termination Date.

Related to Postpetition Commitment

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • 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.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • 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.

  • New Loan Commitments shall have the meaning provided in Section 2.14(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

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

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

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • 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).

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • LOC Commitment means the commitment of the Issuing Lender to issue Letters of Credit and with respect to each Lender, the commitment of such Lender to purchase participation interests in the Letters of Credit up to such Lender's LOC Committed Amount as specified in Schedule 2.1(a), as such amount may be reduced from time to time in accordance with the provisions hereof.

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

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

  • Term Facility Commitment means the commitment of a Term Lender to make Term Loans, including Initial Term Loans and/or Other Term Loans.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • 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.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Canadian Commitment means the obligation of the Canadian Lender to (a) make Canadian Loans to the Canadian Borrowers and (b) issue Canadian Letters of Credit for the account of the Canadian Borrowers pursuant to Section 2.03, in an aggregate principal amount at any one time outstanding not to exceed C$15,000,000, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • 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.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.