Syndicated Commitment definition

Syndicated Commitment means, in relation to a Syndicated Lender, the amount set forth opposite such Syndicated Lender’s name in the first column on Schedule “J” from time to time, as such Syndicated Commitment may hereafter be increased, cancelled, reduced or terminated from time to time pursuant to this Agreement;
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Syndicated Commitment means a Revolving Commitment or a Term Commitment, or either of them as the context requires. Target has the meaning set out in the definition of Permitted Acquisition.
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Syndicated Commitment means, with respect to each Issuing Bank of Syndicated Letters of Credit, the obligation of such Issuing Bank to issue Syndicated Letters of Credit for the account of the Account Party in (a) the maximum aggregate amount set forth opposite the Issuing Bank's name on the signature pages hereto under the caption "Syndicated Commitment" or (b) if such Issuing Bank has entered into one or more Assignment and Acceptances, the amount set forth for such Issuing Bank in the Register maintained by the Agent pursuant to Section 9.07(d) as such Issuing Bank's "Syndicated Commitment", in each case as such amount may be reduced prior to such time pursuant to Section 2.04. For the avoidance of doubt, any amount deposited in the L/C Cash Deposit Account shall not alter any Lender's Syndicated Commitment hereunder.
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Examples of Syndicated Commitment in a sentence

  • Subject to the requirements of Section 4.1(a), in respect of payments to the Lenders, the Outstandings of each Lender shall be reduced so as to, following such payment, be in the same proportion as the amount of the Syndicated Commitment of such Lender at such time bears to the Total Syndicated Commitment.

  • The company BASTAonlines’ main business is the operations of the BASTA-system.

  • Any such notice of cancellation is irrevocable and the amount of the Total Syndicated Commitment so cancelled may not be reinstated.

  • The rights and obligations of each Lender under this Agreement are several and no Lender shall be obligated to make Borrowings available to the Borrower in excess of the amount of such Lender’s Syndicated Commitment.

  • Subject to Section 4.2, at no time shall (i) the aggregate Outstanding Principal of all Swing Line Borrowings plus the Outstanding Principal of all Syndicated Borrowings exceed the Total Syndicated Commitment; or (ii) the aggregate Outstanding Principal of all Swing Line Borrowings exceed US$500,000,000.

  • Each Defaulting Lender agrees to indemnify each other Lender for any amounts funded or paid by such Lender under this Section 14.2(d) and which would otherwise have been funded or paid by the Defaulting Lender if its Syndicated Commitment had been included in determining the Applicable Percentage of such affected Syndicated Accommodations.

  • The rights and obligations of each Lender under this Agreement are several and no Lender shall be obligated to make Borrowings available to the Borrower in excess of the amount of such Lender's Syndicated Commitment.

  • Subject to the terms and conditions set forth herein, at the request of the Account Party, each Lender with a Syndicated Commitment agrees at any time and from time to time during the Availability Period to issue Syndicated Letters of Credit for the account of the Account Party to a Beneficiary, subject to the terms and conditions of this Section 2.01.

  • The LC Bank will promptly pay to each Bank ratably in accordance with its Syndicated Commitment Percentage all amounts received from the Borrower for application in payment, in whole or in part, of the Reimbursement Obligation in respect of any Letter of Credit, but only to the extent such Bank has made payment to the LC Bank in respect of such Letter of Credit pursuant to Section 2.03(c).

  • With respect to its Loans and Syndicated Commitment (and its Syndicated Commitment Percentage thereof), the Agent shall have and may exercise the same rights and powers hereunder and is subject to the same obligations and liabilities as and to the extent set forth herein for any other Bank or holder of obligations hereunder.


More Definitions of Syndicated Commitment

Syndicated Commitment means, with respect to any Bank, the principal amount set forth opposite the name of such Bank on Schedule 1.01 hereto or in any Assignment and Assumption Agreement under the caption "Amount of Syndicated Commitment", and "Syndicated Commitments" means such commitments collectively, which commitments equal $200,000,000 in the aggregate as of the Effective Date, as such amount may be reduced from time to time pursuant to Section 2.10.
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