Total Commitments of the Banks definition

Total Commitments of the Banks shall have the meaning set forth in Section 2.l hereof.
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Total Commitments of the Banks means the aggregate of each Bank's Commitment which on the date hereof total $420,963,733.
Sample 1
Total Commitments of the Banks means the aggregate of each Bank's Commitment which on the date of the First Amendment hereto totals $423,709,254.
Sample 1

Examples of Total Commitments of the Banks in a sentence

  • In the event of such extension, the Commitment of each Non-Extending Bank shall terminate on the Current Maturity Date applicable to such Non-Extending Bank, all Loans and other amounts (including non-contingent L/C Obligations) payable hereunder to such Non-Extending Bank shall become due and payable on such Current Maturity Date and the Total Commitments of the Banks hereunder shall be reduced by the aggregate Commitments of Non-Extending Banks so terminated on such Current Maturity Date.

  • Further, the aggregate principal amount of all Competitive Bid Loans outstanding at any time, together with the aggregate principal amount of all Syndicated Loans outstanding at such time, the aggregate Stated Amount of Letters of Credit outstanding at such time and all Reimbursement Obligations outstanding at such time shall not exceed the Total Commitments of the Banks in effect at such time.

  • In the event that an Event of Default under (c) above should occur, the Total Commitments of the Banks shall automatically terminate and the principal of and accrued interest on any Term Loans then outstanding and any accrued fees shall automatically become due and payable, without protest, presentment, notice or demand, all of which are expressly waived by the Company.

  • The Company shall have the right at any time or from time to time upon not less than two (2) Business Days' prior written notice to the Administrative Agent to reduce the Total Commitments of the Banks, in whole or in part, provided that each partial reduction shall be in an aggregate amount of not less than $25,000,000 and an integral multiple of $5,000,000, and shall reduce the respective Commitments of all the Banks proportionately.

  • The obligation of each Bank to make Term Loans to the Company is hereby referred to as the Bank's "Commitment" and collectively as the "Total Commitments of the Banks".

  • Any such voluntary prepayment of principal shall, in the case of a Syndicated Loan, to that extent increase the amount (immediately prior to such prepayment) of the unused Total Commitments of the Banks available to the Company under the terms of this Agreement.

  • On each date on which the Issued Amount of the Letter of Credit is permanently reduced (other than in connection with a Reimbursement Obligation that is converted into a Loan), the Total Commitments of the Banks shall automatically reduce in an amount equal to the amount of such reduction in the Issued Amount, and shall automatically reduce the respective Commitments of all the Banks proportionately.

  • Any increase in the Total Commitments of the Banks beyond the parameters set forth above or other than as expressly permitted by this Section 2.3. shall require the prior written consent of the Agent Bank and each of the Banks.

  • Within the limits of each Bank's Commitment, the Company may from time to time borrow, prepay pursuant to Section 3.6 and reborrow pursuant to this Section 2.1. The obligation of each Bank to make Advances to the Company is hereby referred to as such Bank's "Commitment" and collectively as the "Total Commitments of the Banks".

  • If the Agent Bank so consents, kindly indicate such consent by signing at the space provided below.] [If proposed increase results in an increase of the Total Commitments of the Banks from that which exists on the Effective Date of between $250,000,000 and $500,000,000 - Pursuant to Section 2.3(a) of the Credit Agreement, the consent of the Agent Bank and Majority Banks is necessary for the proposed increase in such Bank's Commitment.

Related to Total Commitments of the Banks

  • Total Commitments means the aggregate of the Commitments of all the Lenders.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • 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 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 $500,000,000.

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

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • 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.

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

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

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

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

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

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

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

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

  • New Revolving Commitments has the meaning assigned to such term in Section 2.04.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The amount of the Aggregate Revolving Commitments in effect on the Closing Date is SIX HUNDRED MILLION DOLLARS ($600,000,000).

  • Other Revolving Credit Commitments means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

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

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

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

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

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