Secured Revolving Commitments definition

Secured Revolving Commitments means any commitments to make loans constituting Secured Indebtedness on a revolving basis to the Issuer or any of its Restricted Subsidiaries by any Person other than the Issuer or any of its Restricted Subsidiaries.

Secured Revolving Commitments means, with respect to each Lender, the portion of such Lender’s Revolving Commitment that is secured by a Lien on the Collateral, in an aggregate amount not to exceed the amount set forth opposite such Lender’s name for its Secured Revolving Commitment on Schedule 2.01, as such amount may be (a) reduced from time to time pursuant to Section 2.11 or Section 2.12, (b) increased from time to time pursuant to Section 2.23, (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 2.20(b) or Section 11.04 and (d) increased from time to time pursuant to the terms of Section 5.15.

Secured Revolving Commitments means, with respect to each Lender, the portion of such Lender’s Revolving Commitment that is secured by a Lien on the Collateral, in an aggregate amount not to exceed the amount set forth opposite such Lender’s name for its Secured Revolving Commitment on Schedule 2.01, as such amount may be (a) reduced from time to time pursuant to Section 2.11 or Section 2.12, (b) increased from time to time pursuant to Section 2.23, (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 2.20(b) or Section 11.04 and (d) increased from time to time pursuant to the terms of Section 5.15. The aggregate amount of the Lender’s Secured Revolving Commitments on the Amendment No. 2 Effective Date is $650,000,000, which is all of the Revolving Commitments as of the Amendment No. 2 Effective Date.

Examples of Secured Revolving Commitments in a sentence

• Each purchase of a participation under this Section 2.03(e) shall be deemed made in Letters of Credit issued with respect to the then available Secured Revolving Commitments first and once the Secured Revolving Commitments are fully funded, in Letters of Credit issued with respect to the Unsecured Revolving Commitments.

• Each Loan to the Borrower shall be deemed made from the then available Secured Revolving Commitments first and once the Secured Revolving Commitments are fully funded, from the Unsecured Revolving Commitments.

• Each Loan to the Borrower under this Section 2.03(d) shall be deemed made from the then available Secured Revolving Commitments first and once the Secured Revolving Commitments are fully funded, from the Unsecured Revolving Commitments.