Total Credit Amount definition
Examples of Total Credit Amount in a sentence
In furtherance of the foregoing, as of the date of this Accordion Exercise, the Revolving Credit Limit shall equal $320,000,000 and the aggregate Total Credit Amount shall equal $570,000,000, until such time or times as new or existing Lenders execute and deliver additional Joinders.
Promptly upon the execution and delivery of such additional Joinders, the Administrative Agent will provide written notice to the Borrowers, the Guarantors and the Lenders of the increases in the Revolving Credit Limit and the Total Credit Amount evidenced by such Joinders until such time as the Revolving Credit Limit reaches a maximum of $375,000,000 and the Total Credit Amount reaches a maximum of $625,000,000.
Promptly in the event of any reduction in the Revolving Credit Limit, the Administrative Agent will provide written notice to the Borrowers, the Guarantors and the Lenders of the decrease in the Revolving Credit Limit and the Total Credit Amount then occurring.
The amount of the Investor Limited Partner's Capital Contributions was determined in part upon the amount of Credits that are expected to be available to the Partnership, and was based upon the assumption that the Partnership would be eligible to recognize Credits of no less than the Total Credit Amount.
From time to time as the Administrative Agent provides notice of an existing or new Lender undertaking an additional or new Revolving Loan Commitment, the Administrative Agent will also provide a revised Exhibit 3 reflecting the updated Revolving Loan Commitments and the then applicable Revolving Credit Limit and Total Credit Amount.
The Total Credit Amount is subject to decrease pursuant to the definition of Revolving Credit Limit, Section 2.4 and Section 4.2.
To access the Total Credit Amount, Developer, or Developer’s designee, must request a credit against otherwise owed Thoroughfare Fees at the time of application for a building permit directing that a credit be applied to the permit application or group of permit applications.
Promptly upon the execution and delivery of any such joinders, or in the event of any such reduction, the Administrative Agent will provide written notice to the Borrowers, the Guarantors and the Lenders of the increases or decrease, respectively, in the Revolving Credit Limit and the Total Credit Amount then occurring.
The Total Credit Amount shall be available to any phase of the Development and shall relieve Developer, or its designees who are developing a portion of the Property, from the requirement to pay Thoroughfare Fees for the Development until the Total Credit Amount is exhausted.
Promptly upon receipt of such written notice, the Arrangers will use commercially reasonable efforts to arrange to increase the Total Credit Amount by up to an additional $200,000,000 in the aggregate.