Syndicated Facility Commitment definition

Syndicated Facility Commitment means the commitment by each Lender under the Syndicated Facility to provide the amount of Canadian Dollars (or the Equivalent Amount thereof in United States Dollars) set forth opposite its name in Schedule A annexed hereto, subject to any reduction in accordance with the provisions hereof.

Syndicated Facility Commitment means, in relation to a Syndicated Facility Lender, the maximum principal amount such Syndicated Facility Lender has agreed to make available to the Borrower under the Syndicated Facility as set forth in Schedule A, subject to reduction, adjustment, cancellation or termination pursuant to the terms hereof;

Syndicated Facility Commitment means, with respect to each Syndicated Lender, such Lender's obligation to provide Syndicated Accommodations to the Borrower, subject to the terms of this Agreement, in an aggregate amount not at any time in excess of the amount set forth under such Lender's name on Schedule "A" (or in any Assignment and Assumption executed hereafter) as such Lender's Syndicated Facility Commitment, as such amount may hereafter be cancelled, reduced, increased or terminated from time to time pursuant to the provisions of this Agreement;

Examples of Syndicated Facility Commitment in a sentence

• Schedule A to the Credit Agreement is hereby deleted in its entirety and replaced with Exhibit 1 attached hereto to, inter alia, provide that the Operating Facility Commitment and the Syndicated Facility Commitment of each Lender shall be the amount set forth opposite its name on such new Schedule A.

• Any such pro rata reduction by RBC shall be applied first as against its Individual Syndicated Facility Commitment Amount.

• Schedule B to the Credit Agreement is hereby deleted in its entirety and replaced with Schedule A attached hereto, inter alia, to provide that the Syndicated Facility Commitment of each Lender shall be the amount set forth opposite its name on such new Schedule B.

• After any reduction in the Borrowing Base pursuant to this Section 2.8, the Total Syndicated Facility Commitment and the Operating Facility Commitment shall be reduced proportionately (having regard to the respective Commitments of each Syndicated Facility Lender and the Operating Facility Lender, and the Total Commitments, and without the need for any further consent or approval from such Lenders) so that the Total Commitment equals the most recent determination of the Borrowing Base.

• Subject to Section 2.19, on the Syndicated Facility Term Out Date applicable to a Lender, the unutilized portion of such Lender’s Syndicated Facility Commitment thereunder shall be cancelled and the Borrower shall not be entitled to make further Drawdowns in respect of such cancelled portion.

• Dollars of the Outstanding Principal under the Syndicated Facility exceed the lesser of (y) the Total Syndicated Facility Commitment and (z) the Borrowing Base less the Operating Facility Commitment, and (B) the Equivalent Amount in Cdn.

• Any such notice of cancellation is irrevocable and the amount of the Total Commitment (and of the Total Syndicated Facility Commitment or the Operating Facility Commitment) so cancelled and reduced may not be reinstated hereunder.

• Each Lender’s initial Individual Syndicated Facility Commitment Amount is set out in Schedule B.

• Each repayment of Syndicated Borrowings under this Section 4.1 shall be made to the Administrative Agent for the account of the Syndicated Lenders and shall effect a permanent reduction of the Total Syndicated Facility Commitment in an amount equal to the amount of the applicable repayment.

• The Individual Syndicated Facility Commitment Amount of each of the Syndicated Facility Lenders is set out in Schedule B.

More Definitions of Syndicated Facility Commitment

Syndicated Facility Commitment means, with respect to each Syndicated Lender, such Lender's obligation to make Loans under the Syndicated Facility available to, and issue Letters of Credit through a Fronting Lender for the account of, the Borrower, subject to the terms of this Agreement, in an aggregate amount not at any time in excess of the amount set forth opposite such Xxxxxx's name on Schedule A hereto (or in any Lender Transfer Agreement executed hereafter) as such Xxxxxx's Syndicated Facility Commitment, as such amount may hereafter be cancelled, reduced, increased or terminated from time to time pursuant to the provisions of this Agreement;

Syndicated Facility Commitment means the Commitment of the Lenders in respect of the Syndicated Facility set out in Schedule "B" attached hereto, as such Schedule may hereafter be amended from time to time.

Syndicated Facility Commitment means, in relation to a Syndicated Facility Lender:

Syndicated Facility Commitment means, with respect to each Syndicated Lender, such Lender’s obligation to provide Syndicated Accommodations to the Borrower, subject to the terms of this Agreement, in an aggregate amount not at any time in excess of the amount set forth under such Lender’s name on Schedule “A” (or in any Assignment and Assumption executed hereafter) as such Lender’s Syndicated Facility Commitment, as such amount may hereafter be cancelled, reduced, increased or terminated from time to time pursuant to the provisions of this Agreement;