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).

Senior Commitments has the meaning assigned to the term “Commitments” in the Senior Secured Credit Agreement.

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.

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.

• Notwithstanding the foregoing, in no event shall Holdings Term Loans be voluntarily prepaid (A) without the consent of the Holdings Term Loan Lenders and (B) until such time as all Senior Obligations (other than contingent obligations) have been Indefeasibly Paid and all Senior Commitments terminated.

• Pending a determination whether any such Net Asset Sale Proceeds will be applied to prepay Senior Loans and/or reduce Senior Commitments pursuant to the preceding sentence, an amount equal to such Net Asset Sale Proceeds shall be applied to prepay outstanding Revolving Loans (without a reduction in the Revolving Commitments).

• At any time following the occurrence of BOTH OF (i) the fifth anniversary of the Effective Date AND (ii) the date on which the Senior Obligations (other than contingent obligations) shall have been Indefeasibly Paid and the Senior Commitments cancelled, Holdings may elect to pay such interest accruing after the fifth anniversary of the Effective Date in cash in arrears on a current basis.

• 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.

• No Grantor and no Person claiming on behalf of or through any Grantor shall have any right to demand payment of any funds held in any Cash Collateral Account at any time prior to the termination of all Senior Commitments and the payment in full of all Specified Senior Obligations.

• The Lenders shall not be required to (x) accelerate the maturity of their Senior Loans, (y) terminate their Senior Commitments, or (z) exercise any other rights or remedies available to them under the Loan Documents in order to charge interest hereunder at the Default Rate.

• In the event that, after the Satisfaction Date, a Forecast shows that the Borrowing Base Amount exceeds the Total Senior Facilities Amount, Kosmos may deliver to the Senior Facility Agent a Facility Increase Request Notice, requesting that the Senior Lenders increase the Total Senior Facilities Amount (and the Total Senior Commitments) to an amount not exceeding the lesser of (i) the Borrowing Base Amount and (ii) USD 750 million.

More Definitions of Senior Commitments

Senior Commitments means, in relation to a Senior Lender, the portion of the Senior Loan set out opposite its name in Schedule 1-B hereto or, as the case may be, in any relevant Assignment and Assumption Agreement, as such amount shall be reduced from time to time pursuant to Section 5 (Repayment and Prepayment);

Senior Commitments means all Commitments other than Holdings Term Loan Commitments.

Senior Commitments means the “Commitments” (as such term is defined in the Senior Facility) of the Senior Lenders under the Senior Facility.

Senior Commitments means, collectively, the Revolving Commitment, the Tranche A Commitment and the Tranche B Commitment.

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.

Senior Commitments shall have the same meaning as "Commitments," as defined herein.