Prior Commitment definition

Prior Commitment means, with respect to any Lender, such Lender's "Commitment" under and as defined in the Existing Credit Agreement, if any, immediately prior to giving effect to this Agreement.
Sample 1
Prior Commitment means the dollar amount of commitment or commitments of any Lenders under the Bank of America Agreement on the day immediately preceding the Effective Date.
Sample 1

Examples of Prior Commitment in a sentence

  • The Borrower and Lender acknowledge that the Prior Commitment is null and void and of no further force or effect.

  • The Company acknowledges and agrees that the New Lenders have no further obligations under the Prior Commitment Letter, and that all amounts paid to or for the benefit of the New Lenders (including amounts paid to advisors or professionals representing any New Lender) by the Company under or in connection with the Prior Commitment Letter have been fully earned and are not recoverable or refundable under any circumstances.

  • APOLOGIES FOR ABSENCE Councillor R Ennis [Prior Commitment] Councillor Kirkham [Unwell] The reasons for the apologies were approved.

  • This Third Amended Loan Agreement replaces entirely that certain Second Amended Loan Agreement dated January 31, 1997 (the "Prior Loan Agreement") which governed the terms of a $15,000,000.00 loan commitment from Lender to Borrower ("Prior Commitment").

  • However, notwithstanding anything contained herein to the contrary, the parties hereto agree that all documents executed pursuant to the Prior Agreement or any document or agreement pertaining to the Prior Commitment or the Prior Letter of Credit Facility (including, without limitation, the Guaranty Agreement, the Security Agreements and the Deed of Trust) shall remain in full force and effect unless expressly released by written instrument executed by Agent.

  • All available funds under the Prior Commitment must be completely drawn down by Borrower prior to any initial funding under this Commitment.

  • Except with respect to the transactions consummated (or to be consummated) under a commitment letter dated as of July 9, 1997 (the "Prior Commitment") and the Master Loan and Security Agreement dated as of September 1, 1997, this Commitment supersedes all prior correspondence, commitments, and oral or other communications relating to equipment financing arrangements between Lender and Borrower.

  • Both parties hereto agree that the Prior Commitment shall be specifically applied against the Minimum Purchase Commitment pursuant to paragraph 1 hereunder.

  • Cllrs: G Schofield, D Turton, P Crabb and F Pearson (Prior Commitment) Cllr: N Pearson (Leave) 5634.

  • Watrous, Texas A&M University, kristen-watrous@tamu.edu 2:30 pm - 3:40 pm Career and Occupational CommitmentMeasuring Occupational Commitment and Its Relationship to Occupational Citizenship BehaviorGary Blau, Temple University, gblau@temple.edu Does Prior Commitment Shape Perceptions of Career Success During Downsizing?Francine K.

Related to Prior Commitment

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Existing Commitment shall have the meaning provided in Section 2.17.

  • 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.

  • Dollar Commitment means, with respect to each Dollar Lender, the commitment of such Dollar Lender to make Loans denominated in Dollars hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Dollar Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The amount of each Lender’s Dollar Commitment as of the Effective Date is set forth on Schedule 1.01(b), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Dollar Commitment, as applicable. The aggregate amount of the Lenders’ Dollar Commitments as of the Effective Date is $125,000,000.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

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

  • Revolver Commitment means, with respect to each Lender, its Revolver Commitment, and, with respect to all Lenders, their Revolver 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.

  • U.S. Commitment means, with respect to each U.S. Lender, the commitment, if any, of such U.S. Lender to make U.S. Revolving Loans and to acquire participations in U.S. Letters of Credit, U.S. Overadvances and U.S. Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such U.S. Lender’s U.S. Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such U.S. Lender pursuant to Section 9.04. The initial amount of each U.S. Lender’s U.S. Commitment is set forth on the Revolving Commitment Schedule, or in the Assignment and Assumption pursuant to which such U.S. Lender shall have assumed its U.S. Commitment, as applicable. The U.S. Commitment is a sub-facility of the Revolving Commitment and is not in addition to the Revolving Commitment.

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • 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.

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

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Revolving Lenders as the same may be decreased pursuant to Section 2.12(c) or increased pursuant to Section 2.19. As of the Closing Date, the amount of the Total Revolving Commitment is $100,000,000.

  • 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.

  • Group Commitment means with respect to any Purchaser Group the aggregate of the Commitments of each Purchaser within such Purchaser Group.

  • 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.

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

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) 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 2.1 as its “Tranche C 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.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Facility B Commitment means a Facility B1 Commitment or a Facility B2 Commitment.

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

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

  • 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.

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

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

  • 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.

  • New Revolving Commitments has the meaning assigned to such term in Section 2.04.