Supplemental Revolving Commitment definition

Supplemental Revolving Commitment as defined in Section 2.25(a).

Supplemental Revolving Commitment means, with respect to each Revolving Lender, the commitment of such Revolving Lender to increase its Revolving Commitments on the First Amendment Effective Date. The amount of each Revolving Lender’s Supplemental Revolving Commitment as of the First Amendment Effective Date is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Supplemental Revolving Commitment, as the case may be. The initial aggregate amount of the Revolving Lenders’ Supplemental Revolving Commitments is $25,000,000.

Supplemental Revolving Commitment means, with respect to each Lender, the commitment of such Lender to make Supplemental Revolving Loans, expressed as an amount representing the maximum aggregate amount of such Lender's Supplemental Revolving Credit Exposure hereunder, as such commitment may be (x) reduced from time to time pursuant to Section 2.07(d) and (y) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Lender's Supplemental Revolving Commitment is set forth on Schedule 2.01 under the heading "Supplemental Revolving Commitment", or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Supplemental Revolving Commitment, as applicable. The initial aggregate amount of the Lenders' Supplemental Revolving Commitments is $50,000,000.

Examples of Supplemental Revolving Commitment in a sentence

• Upon effectiveness of the Lender Joinder Agreement each Additional Incremental Lender shall be a Lender for all intents and purposes of this Agreement and the term loan made pursuant to such Supplemental Term Loan Commitment shall be a Term Loan or commitments made pursuant to such Supplemental Revolving Commitment shall be Revolving Commitments, as applicable.

• Upon effectiveness of the Lender Joinder Agreement, each Additional Lender shall be a Lender for all intents and purposes of this Agreement and the commitments made pursuant to such Supplemental Revolving Commitment shall be Commitments.

• Upon effectiveness of the Lender Joinder Agreement or Increase Supplement, as applicable, each New Lender shall be a Lender for all intents and purposes of this Agreement and the commitments made pursuant to such Supplemental Revolving Commitment shall be Revolving Commitments of such increased Tranche.

• Upon effectiveness of the Lender Joinder Agreement each Additional Lender shall be a Lender for all intents and purposes of this Agreement and the term loan made pursuant to such Supplemental Term Loan Commitment shall be a Term Loan and the Supplemental Revolving Commitment shall be an Initial Revolving Credit Commitment, an Incremental Revolving Commitment or Extended Revolving Commitments of a particular Extension Series, as applicable.

• Upon effectiveness of the Lender Joinder Agreement each Additional Incremental Lender shall be a Lender for all intents and purposes of this Agreement and the term loan made pursuant to such Supplemental Term Loan Commitment shall be a Term Loan or commitments made pursuant to such Supplemental Revolving Commitment shall be Incremental Revolving Commitments, as applicable.

• Upon effectiveness of the Lender Joinder Agreement or Increase Supplement, as applicable, each New Lender shall be a Lender for all intents and purposes of this Agreement and the term loan made pursuant to such Supplemental Term Loan Commitment shall be a Term Loan or the commitments made pursuant to such Supplemental Revolving Commitment Increase shall be Revolving Commitments of such increased Tranche, as applicable.

• Upon effectiveness of the Lender Joinder Agreement each Additional Lender shall be a Lender for all intents and purposes of this Agreement and the term loan made pursuant to such Supplemental Term Loan Commitment shall be a Term Loan and the Supplemental Revolving Commitment shall be an Incremental Revolving Commitment.

• In the event there are Lenders and Additional Lenders that have committed to a Supplemental Revolving Commitment in excess of the maximum amount requested (or permitted), then the Borrower Representative shall have the right to allocate such commitments on whatever basis the Borrower Representative determines is appropriate.

• The Administrative Agent shall promptly notify the Revolving Lenders of the new Applicable Percentages after giving effect to the Supplemental Revolving Commitment.

• Upon effectiveness of the Lender Joinder Agreement or Increase Supplement, as applicable, each New Lender shall be a Lender for all intents and purposes of this Agreement and the commitments made pursuant to such Supplemental Revolving Commitment shall be Revolving Commitments of the such increased Tranche.

More Definitions of Supplemental Revolving Commitment

Supplemental Revolving Commitment means, with respect to each Revolving Lender, the commitment of such Revolving