Senior Commitment definition

Senior Commitment has the meaning given to the term “Commitment” in the Senior Facilities Agreement.

Senior Commitment shall have the meaning ascribed thereto in Section 2(a).

Senior Commitment means, in relation to a Lender, the amount set out opposite its name in part 1 of Schedule 1 or, as the case may be, in any relevant Transfer Certificate, as reduced by any relevant term of this Agreement;

Examples of Senior Commitment in a sentence

• All insurance, expropriation and condemnation proceeds relating to the Property shall be dealt with and applied, whether before or after any Event of Default under or in respect of the Senior Indebtedness or the Subordinate Indebtedness, in accordance with the provisions of the Senior Commitment Letter and/or the Senior Security notwithstanding any provision to the contrary in the Subordinate Security.

• If a Joinder Commitment Party Default occurs, the Outside Date shall be delayed only to the extent necessary to allow for the purchase by the Senior Commitment Parties to be completed in accordance with this Section 2.3.

• Any Commitments assumed by a Senior Commitment Party in accordance with this Section 6.16 shall be included, among other things, in the determination of (x) the Commitment Percentage of such Commitment Party for purposes of Section 2.3(e), Section 2.4(b), Section 3.1 and Section 3.2 and (y) the Rights Offering Backstop Commitment of such party for purposes of the definition of Requisite Commitment Parties.

• To the extent there are any conflicting provisions regarding the Program, Information, Confidential Information, incentives, rebates, pricing (each provided in connection with the SecurID Partner Program) or interpretation of this Agreement, this Reseller Addendum shall prevail and control, followed by the Agreement.

• Any Person that is Transferred a Commitment by a Senior Commitment Party in compliance with the terms of this Section 2.6 shall be a Senior Commitment Party with respect to such Commitment.

More Definitions of Senior Commitment

Senior Commitment means $30.0 billion.

Senior Commitment means the aggregate of the relevant Senior Lender's Commitments under the Senior Credit Agreement.

Senior Commitment means the commitment of a Senior Lender to make loans or other extensions of credit available to the Company.

Senior Commitment has the meaning assigned to it in Section 6.1(i) hereof.

Senior Commitment means the obligation of Senior Creditor to make loans to or otherwise provide credit to Borrower pursuant to or under any Senior Loan Documents.

Senior Commitment has the meaning ascribed to the term "Commitment" (as defined in the Senior Credit Agreement).

Senior Commitment has the meaning given to the term “Facility A1 Commitment” and/or the term “Facility A2 Commitment” in the Senior Facilities Agreement, as the context requires, and for the avoidance of doubt excludes any Pushdown Facility A1 Commitment or Pushdown Facility A2 Commitment (each as defined in the Senior Facilities Agreement).