Total Credit Commitment definition
Examples of Total Credit Commitment in a sentence
The Guarantor may from time to time request that the amount of the Total Credit Commitment be increased and upon written notice by the Issuer to the Guarantor, the amount of the Total Credit Commitment shall be increased to the amount as set out in such notice.
Subject to the terms of this Agreement, the Issuer agrees to make available to the Guarantor LP an Intercompany Loan (the Intercompany Loan) in an aggregate amount equal to the Total Credit Commitment.
For certainty, Total Credit Commitment may be extended pursuant to this Section 3.4 one or more times.
Pursuant to Section 1.10 hereof, Borrower shall have the right to permanently reduce the Total Credit Commitment; and any such permanent reduction or termination of the Total Credit Commitment shall proportionately reduce or terminate the commitment fee otherwise payable pursuant to this Section 1.09(a) as of the date on which the Total Credit Commitment is so permanently reduced or terminated.
Subject to the terms and conditions of this Agreement, Lender hereby agrees to lend to Borrower, and Borrower has the right to borrow from Lender, from time to time during the period from the date hereof to and including the Maturity Date, amounts not to exceed at any one time outstanding the difference of the Total Credit Commitment and the sum of the Total Letter of Credit Liabilities.