Senior Commitments definition

Senior Commitments means, without duplication, all commitments to extend credit (including without limitation any commitments to issue any letters of credit) and all instruments pursuant to which commitments or instruments Senior Debt may be incurred (including without limitation any letters of credit).
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Senior Commitments has the meaning assigned to the term “Commitments” in the Senior Secured Credit Agreement.
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Senior Commitments means, at any time, the aggregate "Commitments" (as such term is defined in the Senior Credit Agreement) of all lenders and other financial institutions party to the Senior Credit Agreement, as such amount may be increased or reduced from time to time in accordance with the terms thereof.
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Examples of Senior Commitments in a sentence

  • Any cancellation under this Clause 8.6 shall reduce the Senior Commitments of the Senior Lenders rateably under the Senior Facility.

  • The Borrower shall pay a Voluntary Cancellation Fee to the Senior Lenders in respect of any cancellation of the Senior Commitments in accordance with Clause 8.6 (Voluntary Cancellation) pro rata to each Senior Lender in accordance with their respective cancelled Senior Commitments on the Payment Date immediately after the date on which those Senior Commitments are cancelled, in accordance with the Priorities of Payment.

  • The sum of (i) any remaining OpCo Senior Commitments which are in full force and effective plus (ii) all outstanding OpCo Senior Loans equals an amount not less than $300,000,000.

  • In the event (I) there shall have occurred and shall be continuing any default under the Note Documents and (II) all Senior Indebtedness shall have been indefeasibly paid in full in cash and the Senior Credit Documents and all Senior Commitments thereunder shall have been terminated pursuant to the respective terms and provisions thereof, Agent shall deliver to Trustee all Senior Lender Collateral remaining in Agent's possession.

  • The following provisions of this Section 10.6 (other than clause (a)) shall apply only to Senior Loans and Senior Commitments.

  • In the event that a Change of Control shall occur, Holdings shall notify each Holdings Term Loan Lender thereof and, if requested by Requisite Class Lenders having Holdings Term Loan Exposure, Holdings shall prepay the Holdings Obligations in full in cash upon the closing of such Change of Control provided that all Senior Obligations (other than contingent obligations) shall have been Indefeasibly Paid and the Senior Commitments cancelled.

  • Administrative Agent may resign at any time (and, after all Senior Obligations (other than contingent obligations) shall have been Indefeasibly Paid and all Senior Commitments cancelled, shall resign) by giving thirty (30) days' prior written notice thereof to Lenders and Company, and Administrative Agent may be removed at any time with or without cause by an instrument or concurrent instruments in writing delivered to Company and Administrative Agent and signed by Requisite Lenders.

  • Regardless of the due date of any of the Tranche C Obligations and except as permitted by this Section 2.15, each of the Tranche C Lenders hereby expressly waives any and all rights to payment by the Borrower of the Tranche C Obligations prior to repayment in full in cash or other satisfaction of the Senior Obligations to the satisfaction of the Senior Credit Parties and termination of the Senior Commitments.

  • Upon indefeasible payment in full in cash of all Senior Indebtedness and termination of all Senior Commitments, any remaining proceeds of Collateral shall be delivered to the Trustee for application to the Junior Indebtedness in accordance with the Junior Credit Documents, except as otherwise required pursuant to applicable law.

  • The Buyer shall have entered into the Senior Secured Credit Facility contemplated by the Senior Commitments on terms acceptable to Buyer in its sole discretion.


More Definitions of Senior Commitments

Senior Commitments means, with respect to each Lender, such Lender's Revolving Credit Commitment, Term Loan A Commitment, Term Loan B Commitment and Term Loan C Commitment.
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Senior Commitments means, collectively, the Revolving Commitment, the Tranche A Commitment and the Tranche B Commitment.
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Senior Commitments means all Commitments other than Holdings Term Loan Commitments.
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Senior Commitments means the “Commitments” (as such term is defined in the Senior Facility) of the Senior Lenders under the Senior Facility.
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Senior Commitments shall have the same meaning as "Commitments," as defined herein.
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Related to Senior Commitments

  • Refinancing Revolving Commitments means one or more Classes of commitments in respect of Revolving Loans hereunder that result from a Refinancing Amendment.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment.

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

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

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Refinancing Commitments shall have the meaning provided in Section 2.14(h).

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

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • 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.”

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A-3 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $60,000,000.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $50,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Other Revolving Credit Commitments means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

  • Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Term Loans of such Lender; provided, at any time prior to the making of the Term Loans, the Term Loan Exposure of any Lender shall be equal to such Lender’s Term Loan Commitment.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.