Reserved Commitment definition

Reserved Commitment shall have the meaning set forth in Section 2.02(b) hereof.
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Reserved Commitment has the meaning ascribed to such term in Section 1.1. hereof.
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Reserved Commitment means, collectively, (a) the Section 2.02(b) Reserved Commitment, (b) the Section 2.02(c) Reserved Commitment, (c) the Section 2.02(d) Reserved Commitment, (d) the Section 2.02(e) Reserved Commitment, (e) the Section 2.02(f) Reserved Commitment and (f) the Section 9.13 Reserved Commitment, in each case to the extent required to be established pursuant to the terms of this Agreement or the Guaranty, as applicable.
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Examples of Reserved Commitment in a sentence

  • If applicable, fees for actual usage of the Services beyond the Reserved Commitment will be billed to the Reseller (and from the Reseller to you) on a monthly basis and payable to the Reseller in accordance with your Ordering Documents.

  • Overage fees shall only apply to the extent that Customer’s average usage for a month (based on daily usage calculations) exceeds the Reserved Commitment.

  • The Borrower shall at all times during the term of this Agreement maintain a minimum of Seventy-Five Million Dollars ($75,000,000) in available and undrawn Commitments (excluding the Reserved Commitment) and Unrestricted Cash and Cash Equivalents, as reported on Form 8-K that is furnished by the Parent (or on its behalf) to the Securities and Exchange Commission.

  • Any Reserved Commitment Amount hereunder shall not be deemed a utilization of any Commitment.

  • The Company shall pay to the Administrative Agent for account of each Lender a commitment fee on the daily average unused amount of the respective Commitments of such Lender (including, without limitation, the Reserved Commitment Amount), for the period from and including the date hereof to but not including the date such Commitment is terminated, at a rate per annum equal to the Applicable Margin.

  • Procedure for Release of Second or Subsequent Tranches under Program Loans.

  • The designated automatic accounting method change number for a change under section 21.12 of this APPENDIX is “138.” See section 6.02(4) of this revenue procedure.

  • The Borrower agrees, upon the occasion of any borrowing hereunder made for the purpose of utilizing all or any portion of the Reserved Commitment Amount, to advise the Agent in writing of such fact at the time of such borrowing, identifying (i) the amount of such borrowing to be so applied, (ii) the Permitted Acquisition in respect of which the proceeds of such borrowing are to be applied and (iii) the reduced Reserved Commitment Amount to be in effect after giving effect to such borrowing.

  • The Borrowers agree that upon any borrowing of Revolving Loans which will utilize the Reserved Commitment Amount to advise the Agent in writing of such fact at the time of borrowing, identifying the amount of the borrowing that is to utilize the Reserved Commitment Amount, the reinvestment in respect of which the proceeds are to be applied and the reduced Reserved Commitment Amount remaining after such utilization.

  • Thereafter the Borrower may only request Loans (including Swing Loans) in excess of the Reserved Commitment Amount (but in any event subject to all the terms and conditions of the Credit Agreement including the Maximum Exposure Cap) and use the proceeds of such Loans consistent with the use so approved.


More Definitions of Reserved Commitment

Reserved Commitment means, collectively, (a) the Section 2.02 Reserved Commitment, (b) in the event the Termination Date is extended pursuant to Section 5.09 hereof, the Section 5.09 Reserved Commitment, (c) any and all Section 9.10 Reserved Commitment (as defined in Section 9.10(h)(x) of the Guaranty) and (d) any and all Section 9.13 Reserved Commitment (as defined in Section 9.13(d) of the Guaranty).
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Reserved Commitment shall have the meaning set forth in Section 5.09 hereof.
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Reserved Commitment. “Reserved Commitment Trigger Date”, “Senior Notes” and “Senior Notes Indenture”, set forth in Article I of the Credit Agreement are hereby deleted in their entirety and the following new definitions are inserted in Article I of the Credit Agreement in the appropriate alphabetical (or alpha-numeric, as the case may be) order:
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Reserved Commitment shall have the meaning set forth in Section 9.13 of the Guaranty.
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Reserved Commitment means, for each Lot and Home being financed under the Construction Facility, the difference at any time and from time to time between (i) the Loan Value thereof less (ii) the principal amount deemed advanced by the Bank, in its sole discretion, for the acquisition and construction of such Lot and Home.
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Related to Reserved Commitment

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

  • Unutilized Commitment means, with respect to any Lender at any time, such Lender's Commitment at such time less the aggregate principal amount of all Loans made by such Lender that are outstanding at such time.

  • 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.

  • Extended Commitment as defined in Section 2.26(a).

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

  • Unused Commitment means, with respect to each Lender at any time, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Advances made by such Lender (in its capacity as a Lender) and outstanding at such time and (ii) such Lender’s Ratable Share of the aggregate L/C Obligations and, other than for the purposes of calculation of the commitment fees, such Lender’s Ratable Share of the aggregate Swingline Exposure outstanding 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.

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

  • 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.

  • Unused Commitments means an amount equal to all unadvanced funds (other than unadvanced funds in connection with any construction loan) which any third party is obligated to advance to Borrower or another Person or otherwise pursuant to any loan document, written instrument or otherwise.

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

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

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

  • 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.

  • Available Unused Commitment means, with respect to a Revolving Facility Lender under any Class of Revolving Facility Commitments at any time, an amount equal to the Dollar Equivalent of the amount by which (a) the applicable Revolving Facility Commitment of such Revolving Facility Lender at such time exceeds (b) the applicable Revolving Facility Credit Exposure of such Revolving Facility Lender at such time.

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

  • 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 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.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Extended Commitments has the meaning provided in Section 2.16(a).

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

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

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

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

  • Tranche B Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche B Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced 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 initial amount of each Lender’s Tranche B Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche B Commitment, as the case may be. The initial aggregate amount of the Lenders’ Tranche B Commitments is $750,000,000.