Examples of Total Tranche A Revolving Credit Commitment in a sentence
A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $300,000,000 and (ii) the Aggregate Tranche A Revolving Credit Exposure shall not exceed the Total Tranche A Revolving Credit Commitment.
The aggregate amount (the "TOTAL REVOLVING CREDIT COMMITMENT AMOUNT") of all Revolving Credit Commitments on any date shall be the sum of the Total Tranche A Revolving Credit Commitment Amount and the Total Tranche B Revolving Credit Commitment Amount on such date.
Participation fees accrued through and including the last day of March, June, September and December of each year shall be payable on the first Business Day following each such period, commencing October 1, 1998; provided that all such fees shall be payable on the date on which the Total Tranche A Revolving Credit Commitment terminates and any such fees accruing after the date on which the Total Tranche A Revolving Credit Commitment terminates shall be payable on demand.
All Revolving Credit Loans made by each Bank shall be evidenced by a Note payable to the order of such Bank in a maximum principal amount equal to such Bank's Percentage of the original Total Tranche A Revolving Credit Commitment Amount or Total Tranche B Revolving Credit Commitment Amount, as the case may be.
At the time each Tranche B Revolving Credit Loan is made, (a) the sum of (i) the outstanding principal amount of the Tranche A Revolving Credit Loans and Swingline Loans and (ii) the aggregate amount of Letter of Credit Outstandings shall not be less than the Total Tranche A Revolving Credit Commitment at such time and (b) the outstanding principal amount of Loans under the Xxxxxx Facility shall not be less $25,000,000.
All proceeds of the borrowing under the Total Tranche A Revolving Credit Commitment shall be used to provide for working capital requirements and for general corporate purposes of the Borrower.
Each partial reduction of the Total Tranche A Revolving Credit Commitment shall be in a minimum of $100,000 or an integral multiple of $100,000.