Reducing Loan Commitment Amount definition

Reducing Loan Commitment Amount means, on any date, $55,000,000, as such ------------------------------- amount may be reduced from time to time pursuant to Section 2.2. -----------
Sample 1
Reducing Loan Commitment Amount means an amount equal to the lesser of (i) $65,000,000 or (ii) the aggregate amount of Revolving Loans outstanding on the Conversion Date, as such amount may be reduced from time to time pursuant to SECTION 2.2."
Sample 1
Reducing Loan Commitment Amount. Loan Commitment Termination Date," "Revolving Loan Commitment Amount," "Revolving Loan Commitment Termination Date," and "Stated Maturity Date" appearing in Section 1.1 of the ----------- Credit Agreement are hereby amended in their entirety to the followings:
Sample 1

Examples of Reducing Loan Commitment Amount in a sentence

  • Voluntary reductions of the Reducing Loan Commitment Amount made pursuant to SECTION 2.2.1 shall be applied to diminish the amount of scheduled reductions to such Commitment Amount thereafter becoming effective pursuant to this Section pro rata.

  • The Reducing Loan Commitment Amount shall, without any further action, automatically and permanently be reduced on the last day of each fiscal quarter following the Revolving Loan Commitment Termination Date by an amount equal to one-sixteenth of the aggregate Revolving Loan Commitment Amount in effect on the Conversion Date; PROVIDED, HOWEVER, that on the Stated Maturity Date, the Reducing Loan Commitment Amount shall be zero.

  • The Reducing Loan Commitment Amount shall, --------- without any further action, automatically and permanently be reduced on the last day of each fiscal quarter following the Revolving Loan Commitment Termination Date by an amount equal to one-sixteenth of the aggregate Revolving Loan Commitment Amount in effect on the Conversion Date; provided, however, that on ----------------- the Reducing Loan Commitment Termination Date, the Reducing Loan Commitment Amount shall be zero.

  • The Borrower shall, on each date when any reduction in the Reducing Loan Commitment Amount shall become effective, including pursuant to SECTION 2.2, make a mandatory prepayment of all Reducing Loans, equal to the excess, if any, of the aggregate, outstanding principal amount of all Reducing Loans together with Letter of Credit Outstandings over the Reducing Loan Commitment Amount as so reduced.

  • Voluntary reductions of the Reducing Loan Commitment Amount made pursuant to Section 2.2.1 shall be applied to diminish the amount of ------------- scheduled reductions to such Commitment Amount thereafter becoming effective pursuant to this Section pro rata.

  • Voluntary reductions of the Reducing Loan Commitment Amount made pursuant to Section 2.2.1 shall be applied to diminish the amount of scheduled reductions to such Commitment Amount thereafter becoming effective pursuant to this Section pro rata.

  • The Borrower shall, on each date when any reduction in the Reducing Loan Commitment Amount shall become effective, including pursuant to Section 2.2, make a mandatory prepayment of all Reducing Loans, equal to the excess, if any, of the then aggregate outstanding principal amount of all Reducing Loans together with Letter of Credit Outstandings over the Reducing Loan Commitment Amount as so reduced.

  • On the last day of each fiscal quarter following the Revolving Loan Commitment Termination Date, the Reducing Loan Commitment Amount shall, without any further action, automatically and permanently be reduced by an amount equal to the greater of (a) $3,500,000, and (b) 6.67% of the aggregate Reducing Loan Commitment in effect on such day; provided, however, that on the Stated Maturity Date, the Reducing Loan Commitment Amount shall be zero.


More Definitions of Reducing Loan Commitment Amount

Reducing Loan Commitment Amount means an amount equal to the lesser of (i) the Facility A Revolving Loan Commitment Amount, or (ii) the aggregate amount of Revolving Loans outstanding on the Conversion Date, as such amount may be reduced from time to time pursuant to Section 2.2.
Sample 1

Related to Reducing Loan Commitment Amount

  • 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 Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • 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).

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

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

  • 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.

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

  • 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.

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

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

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

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving 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 Revolving Commitment is $150,000,000.

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

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

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

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

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

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $50,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

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