Specified Commitments definition

Specified Commitments means the used and unused Commitments as of the Amendment No. 2 Effective Date of all Specified Lenders (as adjusted as a result of a Commitment reduction pursuant to Section 2.05(a) or the assignment thereof pursuant to Section 11.06).
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Specified Commitments means, at any time the commitment to fund the Term Loan C in the principal amount of $6,000,000, as specified in the Credit Agreement.
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Specified Commitments has the meaning given to it in Schedule 1.
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Examples of Specified Commitments in a sentence

  • Upon any reduction of the Commitments (other than a reduction of the Specified Commitments pursuant to Section 2.05(b)), the Commitment of each Lender shall be reduced by such Lender's Applicable Percentage of such reduction amount.


More Definitions of Specified Commitments

Specified Commitments means the Revolving Credit Commitments of the Specified Lender as of the Sixth Restatement Date; provided that the Specified Commitments shall not include any (a) Revolving Credit Commitments held by any successor or assignee of the Specified Lender or (b) After Acquired Commitments. “Specified Lender” means Xxxxx Fargo Bank, National Association as a Lender, but shall not include any successor or assignee of Xxxxx Fargo Bank, National Association. “Specified Loans” means the Revolving Loans of the Specified Lender as of the Sixth Restatement Date, and any Revolving Loans made by the Specified Lender in respect of its Specified Commitments; provided that the Specified Loans shall not include any (a) Revolving Loans held by any successor or assignee of the Specified Lender or (b) After Acquired Commitments. “Stated Termination Date” means (x) other than with respect to the Specified Commitments and Specified Loans, April 26, 2025 and (y) with respect to the Specified Commitments and Specified Loans, June 27, 2022; provided that this clause (b) shall not apply to the extent there are no longer any Specified Commitments or Specified Loans. “Subordinated Indebtedness” means with respect to the Borrower, any Indebtedness of the Borrower which is by its terms subordinated in right of payment to the Loans. “Subsidiary” means, with respect to any Person, (1) any corporation, association, or other business entity (other than a partnership, joint venture, limited liability company or similar entity) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof; and (2) any partnership, joint venture, limited liability company or similar entity of which (x) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or limited partnership or otherwise, and (y) such Person or any Subsidiary of such Person is a controlling general partner or otherwise controls such entity....
Sample 1
Specified Commitments means, at any time, (a) the commitment to fund the Term Loan B Line in the principal amount of $3,000,000, and (b) the commitment to fund the Term Loan C in the principal amount of $6,000,000, in each case as specified in the Credit Agreement.
Sample 1
Specified Commitments means (a) the Term Loan B Line in the principal amount of $3,000,000, and (b) the commitment to fund the Term Loan C in the principal amount of $6,000,000, in each case as specified in the Credit Agreement. SCHEDULE 2 THE PARTICIPATION
Sample 1

Related to Specified Commitments

  • 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.

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

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

  • Aggregate Revolving Commitments means, collectively, all Revolving Commitments of all Lenders at any time outstanding.

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

  • Extended Commitments means the Extended Term Loan Commitments and the Extended Revolving Commitments.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

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

  • Group Commitment means with respect to any Purchaser Group the aggregate of the Commitments of each Purchaser within such Purchaser Group.

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

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Restatement Date is $265,000,000.

  • Additional Commitments means any commitments hereunder added pursuant to Section 2.22, 2.23 or 9.02(c).

  • 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 $250,000,000.

  • Incremental Commitments has the meaning set forth in Section 2.14(a).

  • Increased Commitments has the meaning assigned to such term in Section 2.19(a).

  • 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.”

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $200,000,000.

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

  • Undrawn Commitment means, with respect to any Revolving Lender at any time, an amount (which may not be less than zero) equal to (i) such Lender’s Revolving Commitment at such time minus (ii) the aggregate outstanding principal amount of Revolving Loans held by such Revolving Lender at such time.

  • Aggregate Revolving Credit Commitments means the Revolving Credit Commitments of all the Lenders.

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

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Unused Commitments means an amount equal to all unadvanced funds (other than unadvanced funds in connection with any construction loan) which any third party is obligated to advance to Borrower or another Person or otherwise pursuant to any loan document, written instrument or otherwise.

  • Refinancing Revolving Credit Commitments shall have the meaning provided in Section 2.15(b)(i).