Total Maximum Commitment definition

Total Maximum Commitment means, at any date of determination, (a) on and after the Closing Date and prior to the Commitment Termination Date, $266,000,000 and (b) on and after the Commitment Termination Date, zero; provided, that (1) the calculations in this definition shall be made after giving effect to all issuances, payments and other transactions contemplated on the applicable date; and (2) the Total Maximum Commitment may be reduced as provided in Sections 2.2, 2.3.5 and 9.12(c).
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Total Maximum Commitment means, at the time any determination thereof is to be made, the sum of the respective Maximum Commitments, Additional Term Loan Commitments, Supplemental Revolving Loan Commitments, D Tranche Term Loan Commitments and E Tranche Term Loan Commitments of the Lenders at such time.
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Total Maximum Commitment means, with respect to each Credit Agreement, the highest Total Commitment in effect under such Credit Agreement during the period from the date hereof until (and including) the date payment is due under paragraph (a) above. You agree that, once paid, the Underwriting Fee or any part thereof payable hereunder shall not be refundable under any circumstances, regardless of whether the transactions or borrowings contemplated by the Credit Agreements are consummated. The Underwriting Fee shall be paid in immediately available funds and shall be in addition to reimbursement of out-of-pocket expenses of the Joint Lead Arrangers and the Initial Underwriters pursuant to the Syndication Letter, dated the date hereof (the "SYNDICATION LETTER"), among TUC, the Initial Underwriters and the Joint Lead Arrangers. You agree that the Initial Underwriters may, in their sole discretion, share all or a portion of any of the Underwriting Fee with any of the other Lenders. It is understood and agreed that this Fee Letter shall not constitute or give rise to any obligation to provide any financing; such an obligation will arise only to the extent provided in the Credit Agreements. This Fee Letter may not be amended or waived except by an instrument in writing signed by the Initial Underwriters and you. This Fee Letter shall be governed by, and construed in accordance with, the laws of the State of New York. This Fee Letter may be executed in any number of counterparts, each of which shall be an original, and all of which, when taken together, shall constitute one agreement. Delivery of an executed signature page of this Fee Letter by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. You agree that this Fee Letter and its contents are subject to the confidentiality provisions of the Syndication Letter. This Fee Letter replaces and supersedes all prior agreements and understandings among the parties with respect to the matters discussed herein. 12 3 Please confirm that the foregoing is our mutual understanding by signing and returning to us an executed counterpart of this Fee Letter. Very truly yours, THE CHASE MANHATTAN BANK By ---------------------------- Name: Title: LEHMXX XXXMERCIAL PAPER INC. By ---------------------------- Name: Title: MERRXXX XXXCX XXXITAL CORPORATION By ---------------------------- Name: Title: Accepted and agreed to as of the date first above written: TEXAS UTILITIES COMPANY By ---------------------------- ...
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Examples of Total Maximum Commitment in a sentence

  • The calculations in this definition shall be made after giving effect to all issuances, payments and other transactions contemplated on the applicable date, and the Total Maximum Commitment may be reduced as provided in Section 3.3(a)." (b) Section 9.10(b) of the Credit Agreement is hereby amended by replacing the phrase "Section 9.10(a)" in the eighth line with the phrase "Section 9.10".

  • Upon the issuance of any additional Securities in accordance with this Section 2.14, the Total Maximum Commitment shall be deemed to have been increased by the aggregate principal amount of such newly issued Securities.

  • Xxxxx Title: Vice President EXHIBIT A (Bank and Commitments) Bank Revolving Credit Loan Commitment Amount Swingline Loan Commitment Amount* Bank’s Total Maximum Commitment Amount Bank’s Pro-Rata Percentage U.S. Bank National Association $10,000,000 $3,000,000 $10,000,000 1.000000000000 TOTALS: $10,000,000 $3,000,000 $10,000,000 1.000000000000 * As more particularly described in the Agreement, the Swingline Loan Commitment is a subcommitment under the Revolving Credit Loan Commitment.

  • The calculations in this definition shall be made after giving effect to all issuances, payments and other transactions contemplated on the applicable date, and the Total Maximum Commitment may be reduced as provided in Section 3.3(a).

  • Xxxxx Title: Vice President EXHIBIT A (Bank and Commitments) Bank Revolving Credit Loan Commitment Amount Swingline Loan Commitment Amount* Bank’s Total Maximum Commitment Amount Bank’s Pro-Rata Percentage U.S. Bank National Association $ 10,000,000 $ 0 $ 10,000,000 1.000000000000 TOTALS: $ 10,000,000 $ 0 $ 10,000,000 1.000000000000 * As more particularly described in the Agreement, the Swingline Loan Commitment is a subcommitment under the Revolving Credit Loan Commitments.


More Definitions of Total Maximum Commitment

Total Maximum Commitment means, at any date of determination, (a) on and after the Closing Date and prior to the Commitment Termination Date, $473,000,000 and (b) on and after the Commitment Termination Date, zero; provided, that (1) the calculations in this definition shall be made after giving effect to all issuances, payments and other transactions contemplated on the applicable date; (2) the Total Maximum Commitment may be reduced as provided in Sections 2.2, 2.3.5 and 9.12(c); and (3) in no event shall the Total Maximum Commitment at any time after the Ramp-Up Period exceed the amount of the Total Maximum Commitment in effect on the last day of the Ramp-Up Period.
Sample 1
Total Maximum Commitment means (a) $122,704,615 pursuant to a Commitment under which Loans are made and $30,680,000 in Preferred Stock, and (b) on and after the Commitment Termination Date, zero. The calculations in this definition shall be made after giving effect to all issuances, payments and other transactions contemplated on the applicable date, and the Total Maximum Commitment may be reduced as provided in Section 3.3(a)." (b) Section 9.10(b) of the Credit Agreement is hereby amended by replacing the phrase "Section 9.10(a)" in the eighth line with the phrase "Section 9.10". SECTION 2.
Sample 1
Total Maximum Commitment means, at any time prior to June 15, 2009, $242,000,000, as such amount may be reduced as provided in paragraph (i) of Section 2 of this Statement or increased as provided in paragraph (j) of Section 2 of this Statement.
Sample 1
Total Maximum Commitment. At any date of determination, (a) on and after the Closing Date and prior to the Draw Period Termination Date, $216,000,000 and (b) on and after the Draw Period Termination Date, zero; provided, that the Total Maximum Commitment may be increased in accordance with Section 2.14 or reduced as provided in Section 9.3.
Sample 1
Total Maximum Commitment means (a) on the Closing Date $137,950,000 pursuant to a Commitment under which Loans are made and $20,620,000 in Preferred Stock; provided that on or before April 8, 2011 the Borrower may, upon prior written notice to the Administrative Agent, choose to increase the Total Maximum Commitment to an amount that shall not exceed (i) the quotient (rounded to the nearest one one-hundredth thereof) of (A) the aggregate amount of Common Stock issued by April 8, 2011 less all underwriting commissions and expenses related to such issuance divided by (B) 65% less (ii) the amount in clause (i)(A) above; provided, further, that no more than 87% of the number derived in the preceding proviso shall be a Commitment under which Loans are made, with the balance issued as Preferred Stock; provided, further, that as of the Effective Date, the Total Maximum Commitment will be equal to the aggregate amount of Loans and Preferred Stock then outstanding, and (b) on and after the Commitment Termination Date, zero. The calculations in this definition shall be made after giving effect to all issuances, payments and other transactions contemplated on the applicable date, and the Total Maximum Commitment may be reduced as provided in Section 3.3(a). "Transaction Documents" means this Agreement, the other Credit Documents, the Preferred Stock, the Borrower Organization Agreement and any other agreement executed and delivered by the Borrower in connection with the foregoing. "UCC" means, with respect to any jurisdiction, the Uniform Commercial Code as from time to time in effect in such jurisdiction. "United States" or "U.S." means the United States of America, its 50 States, the District of Columbia and the Commonwealth of Puerto Rico. "Value" has the meaning assigned to such term in Section 2(a)(41) of the Investment Company Act. "Welfare Plan" means a "welfare plan," as such term is defined in section 3(l) of ERISA. "WFBNA" means Xxxxx Fargo Bank, National Association, a national banking association, in its individual capacity, and its successors and assigns. Section 1.2.
Sample 1

Related to Total Maximum Commitment

  • Maximum Commitment means initially the amount specified in item 4 on Schedule A, as such amount may be reduced from time to time in accordance with Section 2.04(a).

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

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

  • Total maximum daily load or "TMDL" means the sum of the individual wasteload allocations for point sources, load allocations (LAs) for nonpoint sources, natural background loading and a margin of safety. TMDLs can be expressed in terms of either mass per time, toxicity, or other appropriate measure. The TMDL process provides for point versus nonpoint source trade-offs.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

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

  • Available Commitment means a Lender’s Commitment minus:

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • Maximum Swingline Amount means $5,000,000.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $150,000,000.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.