Examples of Total Available Commitment in a sentence
On or after the Effective Date, to make one or more Loans to the Obligors from time to time on any Business Day prior to the Commitment Termination Date in an aggregate principal amount not to exceed at any time outstanding such Bank's Commitment; provided that at no time shall the aggregate outstanding principal amount of all Loans exceed the Total Available Commitment.
Each borrowing under the Total Available Commitment shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the then Total Available Commitment is less than $5,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof.
Such request shall be made in accordance with the requirements of Section 2.01, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Total Available Commitment and the conditions set forth in Section 3.02.
Subject to the prior consent of the Original Syndicate Members the Company may, by written notice to the Syndicate Members, reduce the Total Commitment by an amount up to the Total Available Commitment.
The aggregate amount of the Revolver will not exceed the lesser of the Lender's Revolving Commitment or such Lender's Commitment Percentage of the Total Available Commitment.