Revolving Commitment Allocation definition
Revolving Commitment Allocation. (i) as of the Restatement Effective Date, the Revolving Commitments of each Lender as set forth on Schedule 1.1(f) hereto, (ii) as of the IncrementalThird Amendment Effective Date, the Revolving Commitments of each Lender as set forth in Schedule B of the First Amendment Agreement and (iii) as of the Refinancing Effective Date, the Revolving Commitments of each Lender as set forth in Schedule C of the Secondin Exhibit C of the Third Amendment Agreement.
Revolving Commitment Allocation as of the Closing Date, the Revolving Commitments of each Lender as set forth on Schedule 3.1.
Revolving Commitment Allocation means, with respect to any Borrower, that portion of the Revolving Commitment which may be utilized by such Borrower for Revolving Loans and LC Guaranties as set forth below: -------------------------------------------------------------------------------- Borrower Revolving Commitment Allocation -------------------------------------------------------------------------------- Brownstone $5,500,000 -------------------------------------------------------------------------------- Ecology Kids $1,800,000 -------------------------------------------------------------------------------- ▇▇▇ ▇▇▇▇▇▇ $5,700,000 -------------------------------------------------------------------------------- Diplomat $-0- -------------------------------------------------------------------------------- Total $13,000,000 -------------------------------------------------------------------------------- "Revolving Loan" - see Section 2.1(c).
Examples of Revolving Commitment Allocation in a sentence
Borrowers acknowledge that such Revolving Loan may cause a Borrower to exceed the Revolving Commitment or a Borrower's Revolving Commitment Allocation or a Borrower's Borrowing Base, in which event Borrowers shall be obligated to immediately make a prepayment pursuant to Section 2.7(c) unless, prior to the existence of an Event of Default, the Funds Administrator shall notify Lender in writing that an intercompany loan permitted by Section 11.21 has been made.
More Definitions of Revolving Commitment Allocation
Revolving Commitment Allocation as of the Restatement Effective Date, the Revolving Commitments of each Lender as set forth on Schedule 1.1(f) hereto.
Revolving Commitment Allocation as ofFacility Commitments”: (i) the Closing Date, the Revolving Facility Commitments of each Lender as set forth on Schedule 3.1and (ii) the 2024 Canadian Revolving Facility Commitments.