Scheduled Commitment Reduction definition

Scheduled Commitment Reduction shall have the meaning provided in Section 3.03(b).
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Scheduled Commitment Reduction has the meaning specified in Section 2.8(b).
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Scheduled Commitment Reduction and "Scheduled Commitment Reduction Date" appearing in said Section in their entirety and (ii) inserting in appropriate alphabetical order the following new definitions:
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Examples of Scheduled Commitment Reduction in a sentence

  • For avoidance of doubt, the following is a hypothetical example of the application of this paragraph: if there were to occur a Mandatory Commitment Reduction June 25, 2000 in the amount of $3,500,000, the effect would be that the Scheduled Commitment Reductions on June 30, 2000 and December 31, 2000 would each be reduced to zero and the Scheduled Commitment Reduction on June 30, 2001 would be reduced to $1,000,000.

  • Section 14.12(a)(Z) of the Credit Agreement is hereby amended by deleting the text “(7) reduce the amount of, or extend the date of, any Scheduled Commitment Reduction without the consent of the Majority Lenders of the respective Tranche of Commitments affected thereby” in its entirety and inserting the text “(7) [Reserved]” in lieu thereof.

  • Accrued Commitment Commission shall be due and payable quarterly in arrears on each Scheduled Commitment Reduction Date and on the Maturity Date (or such earlier date upon which the Total Commitment is terminated).

  • The Total Commitments shall be reduced and cancelled by an amount of $75,000,000 on each Scheduled Commitment Reduction Date, and shall be reduced to zero and cancelled on the Termination Date.

  • In addition the Borrower may select an Interest Period of a period of less than 3 Months if such period ends on a Scheduled Commitment Reduction Date or the Termination Date or the last day of any Interest Period then subsisting for another Loan.

  • On each Scheduled Commitment Reduction Date, the Commitments will be permanently reduced by the Commitment Reduction Amount applicable to such Scheduled Commitment Reduction Date.

  • Unless otherwise specifically agreed in writing by the Required Banks, any reduction to the Total Revolving Loan Commitment pursuant to this Section 3.02(b) shall apply to reduce the remaining Scheduled Commitment Reductions on a pro rata basis (based upon the then remaining amount --- ---- of each such Scheduled Commitment Reduction after giving effect to all prior reductions thereto).

  • Any such reduction shall be in an aggregate amount of $1,000,000 or integral multiples thereof and shall be applied pro rata against the reductions required on each Scheduled Commitment Reduction Date.

  • Unless otherwise specifically agreed in writing by the Required Banks, any reduction to the Total Revolving Loan Commitment pursuant to this Section 3.02(b) shall apply to reduce the remaining Scheduled Commitment Reductions on a pro rata basis (based upon --- ---- the then remaining amount of each such Scheduled Commitment Reduction after giving effect to all prior reductions thereto).

  • Employees (including employees who are no longer employed at the time the payment of bonuses is made pursuant to Section III.B. below) of the Company and the Affiliates, as selected by the Board in its sole discretion; provided however, that the following individuals shall be included among the group of Eligible Employees: The identification herein of specific individuals to be designated as Eligible Employees does not entitle such individuals to receive a specific amount, or any amount, of the Bonus Pool.


More Definitions of Scheduled Commitment Reduction

Scheduled Commitment Reduction means any reduction or termination, as the case may be, of the Total Initial Commitment and/or the Total Incremental Commitment under any Tranche, as the context may require, pursuant to Section 4.03(b) and/or Section 4.03(c).
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Scheduled Commitment Reduction shall have the meaning provided in Section 5.02(c).
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Scheduled Commitment Reduction has the meaning specified in Section -------------------------------- ------- 2.10(b)." --
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Related to Scheduled Commitment Reduction

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • 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).

  • 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).

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

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

  • 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.

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

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The amount of the Aggregate Revolving Commitments in effect on the Closing Date is SIX HUNDRED MILLION DOLLARS ($600,000,000).

  • 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.”

  • 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.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • 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.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

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

  • 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.

  • Scheduled Commitment Termination Date means March 21, 2023March 28, 2022.

  • 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).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • 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).

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