RC Commitment definition
RC Commitment means with respect to all RC Lenders, the sum of each RC Lender's RC Commitment.
RC Commitment as to any Lender, the amount set forth next to the name of such Lender on Exhibit A under the heading "RC Commitment", as such RC Commitment may be reduced from time to time pursuant to Section 2.4.
RC Commitment the meaning specified in Subsection 2.1.1 (Commitment to Make RC Loans).
Examples of RC Commitment in a sentence
Without the consent of the Pre-Funded RC Deposit Bank, the Pre-Funded RC Deposit funded by any Pre-Funded RC Lender shall not be released in connection with any assignment of its Pre-Funded RC Commitment, but shall instead be purchased by the relevant assignee and continue to be held for application (if not already applied) pursuant to Section 2.05 in respect of such assignee’s obligations under the Pre-Funded RC Commitment assigned to it.
The RC Commitment of any Lender is sometimes referred to herein as such Lender’s RC Commitment.
Upon receipt of any such notice, the Administrative Agent shall promptly notify each Lender of the contents thereof and the amount (based on a pro rata reduction to each Lender's RC Commitment) to which such Lender's RC Commitment is to be reduced.
The principal amount of each Lender's RC Loan made on a Borrowing Date shall be an amount equal to its RC Commitment Percentage of all RC Loans made on such date.
Each Lender shall also be liable for an amount equal to the product of its RC Commitment Percentage and any amounts paid by the Borrower pursuant to Sections 2.18 and 2.20 that are subsequently rescinded or avoided, or must otherwise be restored or returned.
More Definitions of RC Commitment
RC Commitment means, with respect to any Lender, (a) the obligation of such Lender to make Loans and participate in Letters of Credit in an amount as set forth opposite such Lender's name under the heading "RC Commitment" on Schedule 1.1 (as such Schedule may be amended from time to time) hereto or, in the case of a Lender that becomes a Lender pursuant to an assignment, the amount of the assignor's RC Commitment assigned to such Lender, in either case as the same may be reduced from time to time pursuant to Section 1.7 above or increased or reduced from time to time pursuant to assignments in accordance with Section 11.9 below, or (b) as the context may require, the obligation of such Lender to make Loans in an aggregate unpaid principal amount not exceeding such amount; and "RC Commitment" means with respect to all Lenders, the sum of each Lender's RC Commitment.
RC Commitment means, with respect to each Lender, the obligation of such Lender to make RC Loans to the RC Borrowers up to an aggregate principal amount at any one time outstanding equal to such Lender's Applicable Commitment Percentage of the Total RC Commitment.
RC Commitment means, with respect to any RC Lender, (i) the amount set forth opposite such Lender's name under the heading "RC Commitment" on Schedule 1.1 hereto or, in the case of a Lender that becomes a Lender pursuant to an assignment, the amount of the assignor's RC Commitment assigned to such Lender, in either case as the same may be reduced from time to time pursuant to Section 1.7 above or increased or reduced from time to time pursuant to assignments in accordance with Section 12.9 below or (ii) as the context may require, the obligation of such Lender to make RC Loans in an aggregate unpaid principal amount not exceeding such amount; and "RC Commitment" means with respect to all RC Lenders, the sum of each RC Lender's RC Commitment.
RC Commitment means, with respect to any Lender, (a) the obligation of such Lender to make RC Loans and participate in Letters of Credit in an amount as set forth opposite such Lender's name under the heading "RC Commitment" on Schedule 1.1 (as such Schedule may be amended from time to time) hereto or, in the case of a Lender that becomes a Lender pursuant to an assignment or pursuant to Section 1.1(b) (Optional Increase in RC Commitment), the amount of the assignor's RC Commitment assigned to such Lender or the amount of the RC Commitment allocated to such Lender, as applicable, in either case as the same may be reduced from time to time pursuant to Section 1.6 (RC Commitment Reductions) above or increased from time to time pursuant to Section 1.1(b) (Optional Increase in RC Commitment) or increased or reduced from time to time pursuant to assignments in accordance with Section 11.9 (Successors and Assigns) below, or (b) as the context may require, the obligation of such Lender to make RC Loans in an aggregate unpaid principal amount not exceeding such amount; and "RC COMMITMENT" means, with respect to all Lenders, the sum of their individual RC Commitments.
RC Commitment means with respect to all Lenders, the sum of each Lender's RC Commitment. "RC Loans" has the meaning ascribed to such term in Section 1.1 (b) hereof. "RC Maturity Date" means December 31, 2000. "RC Note" means each promissory note of the Borrowers issued to a Lender relating to such Lender's RC Loans and RC Commitments substantially in the form of Exhibit A-1 hereto, together with any allonges thereto, from time to time, and any promissory note issued in substitution therefor pursuant to the terms hereof, together with all extensions, renewals, refinancings or refundings thereof in whole or part, in each case as the same may be amended, modified, restated or supplemented from time to time. "Register" has the meaning ascribed to such term in Section 9.8 hereof. "Registered Lender" has the meaning ascribed to such term in Section 1.14 hereof. "Registered Note" has the meaning ascribed to such term in Section 1.14 hereof.
RC Commitment means the lesser of $10,000,000 and the excess, if any, of $100,000,000 over the aggregate outstanding principal amount of Construction Loans converted into Term Loans pursuant to Section 1.01(b), as the same may be (x) reduced or terminated pursuant to Section 2.02, 2.03 or 8 or (y) adjusted as a result of assignments pursuant to Section 1.13 and/or 11.04; provided that if no Construction Loans are converted into Term Loans on the -73- 80 Conversion Date pursuant to Section 1.01(b) the RC Commitment shall be zero.
RC Commitment means the obligation of the Lender to make RC Loans in an amount not to exceed the Maximum Credit Amount (as reduced from time to time in accordance with Section 1.7(a)(ii) (Reductions of RC Commitment; Quarterly Reductions) hereof (as more fully described in Section 1(b) of the Second Amendment.