Reserve Commitment Amount definition

Reserve Commitment Amount means the amount of Twenty Million Dollars ($20,000,000.00)".
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Reserve Commitment Amount means the amount of Thirty Million Dollars ($30,000,000).
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Reserve Commitment Amount means a Revolving Loan Commitment of MXN$257,302,764 which shall be reserved for one or more financial institutions that are not Lenders as of the Effective Date and, if not a Lender, who are reasonably acceptable to Administrative Agent, such Reserve Commitment Amount can be converted to a Revolving Loan Commitment by such Lender pursuant to an amendment(s) or joinder(s) to this Agreement executed by the Administrative Agent, Borrowers and the Lender(s) providing the Revolving Loan Commitment, which amendment or joinder, as the case may be, shall set forth, among other things, the amount of Revolving Loan Commitment of the new Lender (such amount, the “Reserve Commitment Adjustment Amount”) and shall amend Schedule 1.1(a) hereof and shall be effective upon the date the Administrative Agent reasonably determines that the following conditions have been satisfied: Borrowers shall have delivered to Administrative Agent (a) a certificate which (i) certifies that that the new Revolving Loan Commitment of the new Lender shall only be used for general corporate purposes (including the payment of any dividend permitted pursuant to the terms of this Agreement), working capital purposes, to finance capital expenditures, or to repay existing indebtedness, and (ii) certifies that before and after giving effect to such effective date of the new Revolving Loan Commitment (1) the representations and warranties contained in this Agreement and the other Loan Documents are true and correct, in all material respects, as of the effective date of the new Revolving Loan Commitment, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct, in all material respects, as of such earlier date, (2) no Default or Event of Default exists or would otherwise exist after giving effect to such new Revolving Loan Commitment, (3) that all requisite corporate proceedings or actions, that may be required authorizing the new Revolving Loan Commitment shall have been taken by each of the Borrowers, and (4) the Borrowers are in pro forma compliance with the financial covenants set forth herein, (b) delivered all certificates, instruments, agreements and opinions as the Administrative Agent may reasonably request in connection therewith, and (c) made payment for the benefit of the Lenders increasing its commitments or providing new commitments fees and other compensation charged in connection with implementing the ...
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Examples of Reserve Commitment Amount in a sentence

  • Pursuant to that certain Credit Agreement dated as of July 10, 1997, as amended from time to time ("Agreement"), among Borrower, the Banks and Agent, credit facilities have been made available to Borrower in a maximum aggregate principal amount of $90,000,000, consisting of a Basic Commitment Amount of $50,000,000 and a Reserve Commitment Amount of $40,000,000.

  • Pursuant to that Credit Agreement dated as of July 10, 1997, as amended from time to time ("Agreement"), among Borrower, the Banks and Agent, credit facilities have been made available to Borrower in a maximum aggregate principal amount of $70,000,000, consisting of a Basic Commitment Amount of $40,000,000 and a Reserve Commitment Amount of $30,000,000.

  • On the effective date of the activation of the Aggregate Reserve Commitment Amount, the Company shall pay to the Agent, for the account of the Banks (based on their respective Pro Rata Shares, determined pursuant to clause (a) of the definition thereof), a fee in an amount equal to $10,000.

  • The Borrowers acknowledge and agree that in no event shall Revolving Loans outstanding under this Agreement exceed MXN$300,112,236 until such time as the Reserve Commitment Amount has been reduced in accordance with this Agreement.

  • The Borrowers and the Administrative Agent agree that after giving effect to the conversion of $257,302,764 of the Reserve Commitment Amount to a Revolving Loan Commitment of HSBC and after giving effect to the ING Assignment and Assumption, HSBC's Revolving Loan Commitment is MXN$278,707,500.

  • Once the Aggregate Reserve Commitment Amount has been activated pursuant to this Section, it shall remain activated until the Termination Date.

  • Not less than five days prior to the beginning of any month, the Company may by written notice to the Agent activate the Aggregate Reserve Commitment Amount.

  • Each such reduction in the Aggregate Commitment Amounts shall be applied first, to the Aggregate Reserve Commitment Amount, and second, to the Aggregate Base Commitment Amount.

  • Pursuant to that certain Credit Agreement dated as of July 10, 1997, as amended from time to time ("Agreement"), among Borrower, the Banks and Agent, credit facilities have been made available to Borrower in a maximum aggregate principal amount of $50,000,000, consisting of a Basic Commitment Amount of $40,000,000 and a Reserve Commitment Amount of $40,000,000.

  • Upon not less than three Business Days' notice to the Agent at any time, and from time to time, Borrower may, at any time reduce the amount of any component of the Commitment in increments of One Million Dollars ($1,000,000) or integral multiples thereof; provided, however, that no adjustment in the Basic Commitment shall occur until the Reserve Commitment Amount shall have been reduced to zero.


More Definitions of Reserve Commitment Amount

Reserve Commitment Amount. With respect to a Bank, the amount set forth opposite such Bank's name as its "Reserve Commitment Amount" in Schedule 1.1(a), as the same may be reduced from time to time pursuant to Section 2.14.
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Reserve Commitment Amount in Section 1.1 is hereby deleted in its entirety and replaced with the following:
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Reserve Commitment Amount means a Revolving Loan Commitment of P$257,302,764 which shall be reserved for one or more financial institutions that are not Lenders as of the Third Amendment Effective Date and who are acceptable to Administrative Agent and Borrower in their sole discretion which Reserve Commitment Amount can be converted to a Revolving Loan Commitment by such Lender (such amount, the “Reserve Commitment Adjustment Amount”) pursuant to documentation and conditions acceptable to Administrative Agent and the Borrower in their sole discretion. The Reserve Commitment Amount shall be reduced, from time to time, by the Reserve Commitment Adjustment Amount.
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Reserve Commitment Amount means the amount of Forty Million Dollars ($40,000,000)."
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Related to Reserve Commitment Amount

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached 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).

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

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

  • 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.

  • 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.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Commitment Amount means, as the context may require, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • 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).

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving 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 $1,000,000,000.

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

  • Available Commitment means a Lender’s Commitment minus:

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving 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(c).

  • 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.

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

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

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.