Revolving Facility Commitment Amount definition
Examples of Revolving Facility Commitment Amount in a sentence
If any such Letter(s) of Credit are issued by the LC Issuer, each of the Revolving Facility Lenders shall purchase from the LC Issuer a risk participation with respect to such Letter(s) of Credit in an amount equal to such Revolving Facility Lender’s Percentage of the Revolving Facility Commitment Amount.
Any Incremental Revolving Facility Upfront Fee and/or Incremental Term Facility Upfront Fee shall be due and payable in full on the effective date of the particular increase to the Revolving Facility Commitment Amount and/or Term Facility Commitment Amount, as applicable.
If any Mandatory Payment shall be applied to borrowings under the Revolving Facility in accordance with this Section 1.5(a) of this Agreement (i.e., the Term Facility shall have been paid and satisfied in full), the Revolving Facility Commitment Amount shall, unless waived in writing by the Administrative Agent, be reduced by an amount equal to the amount of such Mandatory Payment, such reduction to become effective simultaneously with the occurrence of the Excess Cash Event.
If any Mandatory Payment shall be applied to borrowings under the Revolving Facility in accordance with this Section 1.5 of this Agreement (i.e., the Term Facility shall have been paid and satisfied in full), the Revolving Facility Commitment Amount shall, unless waived in writing by the Administrative Agent, be reduced by an amount equal to the amount of such Mandatory Payment, such reduction to become effective simultaneously with the occurrence of the Excess Cash Event.
Subject to the terms and conditions of this Agreement, each Lender severally agrees to make the Revolving Loans to the Borrowers, with the maximum amount of each Lender’s obligation being equal to such Lender’s Percentage of the Revolving Facility Commitment Amount.
Subject to the terms and conditions of this Agreement, each Lender severally agrees to make the Revolving Loans to the Borrowers, with the maximum amount of each Lender’s obligation being equal to such ▇▇▇▇▇▇’s Percentage of the Revolving Facility Commitment Amount.
Borrower shall pay to Lender, for the account of Lender, an unused commitment fee, at the rate of 0.50% per annum (the “Unused Commitment Fee”), on the average daily amount by which the Applicable Revolving Facility Commitment Amount exceeds the aggregate outstanding principal amount of the Revolving Loans during the Revolving Period.
The Incremental Revolving Facility Commitment described above shall be part of such Lender’s “Revolving Facility Commitment Amount” for all purposes of the Loan Agreement and the other Loan Documents, and the Incremental Facility Lender shall be a Lender with respect to such Revolving Facility Commitment Amount for all purposes of the Loan Agreement and the other Loan Documents.
Subject to the terms and conditions herein set forth, Lender agrees, on any Business Day during the Revolving Period, to make Revolving Loans to Borrower at any time and from time to time in an aggregate outstanding principal amount up to the Applicable Revolving Facility Commitment Amount at such time; provided, however, that, after making any Revolving Loan, the aggregate outstanding principal amount of the Loans shall not exceed the Borrowing Base.
If any such Letter(s) of Credit are issued by an LC Issuer, each of the Lenders shall purchase from such LC Issuer a risk participation with respect to such Letter(s) of Credit in an amount equal to such Lender’s Percentage of the Revolving Facility Commitment Amount.