Reducing Revolving Credit Commitment definition

Reducing Revolving Credit Commitment means, during each relevant period set forth below, (a) in the aggregate, the amount set forth below for each such period; and (b) for each Lender, the amount set forth below for each such period multiplied by the percentage set forth below for such Lender, as such amount may be from time to time be adjusted pursuant to Sections 2.07, 2.08 or 9.08. Bank of America 100%
Sample 1Sample 2
Reducing Revolving Credit Commitment means, as to each Bank, the obligation of such Bank to make Reducing Revolving Credit Loans under Subsection 2.1(a) hereof up to an aggregate principal amount at any one time outstanding equal to the amount set forth opposite the name of such Bank in Exhibit A hereto under the heading "Reducing Revolving Credit Commitment" (as the same may be reduced from time to time pursuant to Subsection 2.3 hereof).
Sample 1
Reducing Revolving Credit Commitment means, with respect to each Lender, the commitment of such Lender to make Reducing Revolving Credit Loans hereunder in an aggregate amount at any time outstanding not in excess of the amount opposite the name of such Lender in the column entitled "Reducing Revolving
Sample 1

Examples of Reducing Revolving Credit Commitment in a sentence

  • For the period commencing on the date of this Agreement to and including the Termination Date, the Company shall pay to the Lender a commitment fee at a rate per annum equal to three-tenths percent (0.30%) per annum on the average daily unused amount of the Reducing Revolving Credit Commitment hereunder, such fee to be payable on December 31, 1998 and on the last day of March, June, September, and December thereafter to and including, and on, the Termination Date.

  • During the term of the Revolving Facility, Borrower shall pay to Lender such amounts as are necessary so that the outstanding principal balance of the Revolving Credit Outstandings under the Acquisition Reducing Revolving Line of Credit at any time does not exceed the Acquisition Reducing Revolving Credit Commitment at such time (including any overadvances resulting from the scheduled reductions in the Acquisition Reducing Revolving Credit Commitment) or the Borrowing Base.

  • Each reduction of the Acquisition Reducing Revolving Credit Commitment shall be accompanied by payment to the extent that the principal amount of Acquisition Reducing Revolving Credit Outstandings exceeds the lesser of the Acquisition Reducing Revolving Credit Commitment as reduced under this Section 2.3(h) or the Borrowing Base.

  • Each partial reduction of the Total Revolving Credit Commitment or the Total Reducing Revolving Credit Commitment shall be in a minimum of $5,000,000 or an integral multiple of $5,000,000.

  • Each Lender severally agrees, on the terms and conditions set forth herein, and so long as no Default or Event of Default has occurred which is continuing, on any Business Day to make Reducing Revolving Loans to the Borrower from time to time before the Reducing Revolving Credit Termination Date in an aggregate principal amount not to exceed at any time such Xxxxxx’s Pro Rata Share of the Unused Reducing Revolving Credit Commitment on such Business Day.

  • ISO 78101 was created in 1985, so it did not address chip placement but instead addressed embossing, magnetic stripes, and so on.

  • Each advance made by the Lender of a Loan shall be made against and evidenced by a Reducing Revolving Credit Note of the Company in the form (with appropriate insertions) attached hereto as Exhibit A (the "Note") payable to the order of the Lender in the principal amount of the Reducing Revolving Credit Commitment.

  • The proceeds of each Conversion Loan shall be used solely to repay a like amount of Revolving Loans then outstanding under the Reducing Revolving Credit Commitment.

  • The Borrower shall pay to the Agent for the account of each Lender a commitment fee on its Revolving Credit Commitment, calculated at the rate of .25% per annum on the average daily amount of such Lender’s (a) Unused Revolving Credit Commitment plus (b) Unused Reducing Revolving Credit Commitment.

  • For example, Buckingham (2008) in his research interviewed 13 Turkish scholars regarding correct use of words in their AW projects.


More Definitions of Reducing Revolving Credit Commitment

Reducing Revolving Credit Commitment as to any Lender, the ------------------------------------ obligation of such Lender, if any, to make Reducing Revolving Credit Loans, in an aggregate principal and/or face amount not to exceed the amount set forth under the heading "Reducing Revolving Credit Commitment" opposite such Lender's name on Schedule 1.1B, as the same may be reduced pursuant to Section 4.4(c) and 4.4(d) or otherwise changed from time to time pursuant to the terms hereof. The original aggregate amount of the Reducing Revolving Credit Commitments is $25,000,000. Notwithstanding the foregoing and subject to Section 2.1(b), the Borrower may elect at any time to increase the Reducing Revolving Credit Commitment by the then applicable amount of the Supplemental Facility Commitment.
Sample 1
Reducing Revolving Credit Commitment means the commitment of the Lender to make loans under the Reducing Revolving Credit in the respective amount set opposite the applicable time period, which amounts may be further reduced pursuant to Section 3.5 hereof:
Sample 1

Related to Reducing Revolving Credit Commitment

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

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

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

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

  • 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.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

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

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

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

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Other Revolving Credit Commitments means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

  • 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).

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Initial Revolving Credit Commitment means, with respect to any Person, the commitment of such Person to make Initial Revolving Loans (and acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on the Commitment Schedule, or in the Assignment Agreement pursuant to which such Person assumed its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 or 2.19, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05 or (c) increased pursuant to Section 2.22. The aggregate amount of the Initial Revolving Credit Commitments as of the Closing Date is $75,000,000.

  • Unused Revolving Credit Commitment of any Lender, at any time, means the remainder of the Revolving Credit Commitment of such Lender at such time, if any, less the sum of (a) the aggregate Outstanding Amount of Revolving Loans made by such Lender, (b) such Lender’s LC Exposure at such time and (c) except for purposes of Section 2.12(a), such Lender’s Applicable Percentage of the aggregate Outstanding Amount of Swingline Loans.

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

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

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).