Total Syndicated Facility Commitment definition

Total Syndicated Facility Commitment means, at any time, an amount equal to the aggregate of the Syndicated Facility Commitments of the Syndicated Facility Lenders at such time;
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Total Syndicated Facility Commitment means, at any time, the amount equal to the aggregate of the Syndicated Facility Commitment of each Syndicated Lender at such time, not to exceed U.S. $360,500,000 except in the circumstances provided for in Section 3.4;
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Examples of Total Syndicated Facility Commitment in a sentence

  • After any reduction in the Borrowing Base pursuant to this Section 2.8, the Total Syndicated Facility Commitment and the Operating Facility Commitment shall be reduced proportionately (having regard to the respective Commitments of each Syndicated Facility Lender and the Operating Facility Lender, and the Total Commitments, and without the need for any further consent or approval from such Lenders) so that the Total Commitment equals the most recent determination of the Borrowing Base.

  • Dollars of the Outstanding Principal under the Syndicated Facility exceed the lesser of (y) the Total Syndicated Facility Commitment and (z) the Borrowing Base less the Operating Facility Commitment, and (B) the Equivalent Amount in Cdn.

  • Any such notice of cancellation is irrevocable and the amount of the Total Commitment (and of the Total Syndicated Facility Commitment or the Operating Facility Commitment) so cancelled and reduced may not be reinstated hereunder.

  • Each repayment of Syndicated Borrowings under this Section 4.1 shall be made to the Administrative Agent for the account of the Syndicated Lenders and shall effect a permanent reduction of the Total Syndicated Facility Commitment in an amount equal to the amount of the applicable repayment.

  • Dollars of the Outstanding Principal under the Syndicated Facility exceed the lesser of (y) the Total Syndicated Facility Commitment and (z) the Borrowing Base less the Operating Facility Commitment, (B) the Equivalent Amount in Cdn.

  • Effective November 11, 2016, the maximum aggregate principal amount of the Total Syndicated Facility Commitment shall be automatically be decreased to the Commitments set out in Schedule “A”—2.

Related to Total Syndicated Facility Commitment

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Revolving Lenders as the same may be decreased pursuant to Section 2.12(c) or increased pursuant to Section 2.19. As of the Closing Date, the amount of the Total Revolving Commitment is $100,000,000.

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