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.

  • 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 shall have the same meaning as "Commitments," as defined herein.
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Senior Commitments means all Commitments other than Holdings Term Loan Commitments.
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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 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 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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Related to Senior Commitments

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

  • New Revolving Commitments has the meaning assigned to such term in Section 2.04.

  • 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 or a Loan Modification Agreement.

  • 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 specified in Section 2.17(b).

  • 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 2.15(b)(i).

  • 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 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 $500,000,000.

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

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • 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 Term Lender to make Term Loans, including Initial Term 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 $500,000,000. 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.