Examples of Reserved Commitment Amount in a sentence
Any Reserved Commitment Amount hereunder shall not be deemed a utilization of any Commitment.
If in the event that, as contemplated by Section 2.10(e), the Borrower shall prepay Facility A Revolving Credit Loans from the proceeds of a Disposition, then an amount of Facility A Revolving Credit Commitments equal to the amount of such prepayment (herein the "Reserved Commitment Amount") shall be -------------------------- reserved and shall not be available for borrowings hereunder except and to the extent that the proceeds of such borrowings are to be applied to a Permitted Reinvestment Transaction.
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.
In the case of a partial reduction, each such reduction of the aggregate Commitments shall be in a minimum aggregate principal amount of $500,000 or an integral multiple thereof; provided, however, that the Commitments may not be reduced by more than the amount of the then unused Commitments and may not be reduced to an amount less than the aggregate principal amount of the Loans outstanding plus the then current L/C Exposure and the Reserved Commitment Amount.
The Borrower agrees to advise the Agent at the time it requests any Advance whether it is utilizing any Reserved Commitment Amount, identifying the amount of such Advance that is to constitute such utilization, the reinvestments in respect of which the proceeds of such Advance are to be applied and the reduced Reserved Commitment Amount to be in effect after giving effect to such Advance.