Tranche 1 Revolving Commitment definition

Tranche 1 Revolving Commitment as to any Tranche 1 Revolving Lender, the obligation of such Tranche 1 Revolving Lender, if any, to make Tranche 1 Revolving Loans and participate in Swingline Loans and Letters of Credit in an aggregate principal amount and/or face amount not to exceed the amount set forth under the heading “Tranche 1 Revolving Commitment” opposite such Tranche 1 Revolving Lender’s name on Schedule 1.1A or in the Assignment and Assumption pursuant to which such Tranche 1 Revolving Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The aggregate original amount of the Tranche 1 Revolving Commitments is US$565,000,000.
Tranche 1 Revolving Commitment means the commitment of a Bank to make or otherwise fund any Tranche 1 Revolving Loan and to acquire participations in Letters of Credit hereunder and “Tranche 1 Revolving Commitments” means such commitments of all Banks in the aggregate. The Base Currency Amount of each Bank’s Tranche 1 Revolving Commitment, if any, is set forth on Appendix A-8 or in the applicable Assignment Agreement subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate Base Currency Amount of the Tranche 1 Revolving Commitments is $50,000,000.
Tranche 1 Revolving Commitment means, as to any Tranche 1 Revolving Lender, the obligation of such Lender to make Tranche 1 Revolving Loans and purchase participation interests in Tranche 1 Letters of Credit in an aggregate principal amount not to exceed the amount set forth under the heading “Tranche 1 Revolving Commitment” opposite such Lender’s name on Schedule 1.01A or in the Assignment and Assumption or New Lender Supplement pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms of this Agreement. The aggregate Dollar Amount of all Tranche 1 Revolving Commitments on the Closing Date is $3,250,000,000.

Examples of Tranche 1 Revolving Commitment in a sentence

  • Upon the issuance by an Issuing Bank of any Letter of Credit and until such Letter of Credit shall have expired or been cancelled, the Tranche 1 Revolving Commitment of each Tranche 1 Revolving Lender shall be deemed to be utilized for all purposes of this Agreement in an amount equal to the product of (i) such Lender’s Tranche 1 Revolving Commitment Percentage and (ii) without duplication (A) the Stated Amount of such Letter of Credit plus (B) any related Reimbursement Obligations then outstanding.

  • Upon receipt by an Issuing Bank of any payment in respect of any Reimbursement Obligation in respect of a Letter of Credit issued by such Issuing Bank, such Issuing Bank shall promptly pay to each Tranche 1 Revolving Lender that has acquired a participation therein under the second sentence of the immediately following subsection (i) such Lender’s Tranche 1 Revolving Commitment Percentage of such payment.

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  • Immediately upon the issuance of each Letter of Credit, each Bank having a Tranche 1 Revolving Commitment shall be deemed to have purchased, and hereby agrees to irrevocably purchase, from Issuing Bank a participation in such Letter of Credit and any drawings honored thereunder in an amount equal to such Bank’s Pro Rata Share (with respect to the Tranche 1 Revolving Commitments) of the maximum amount which is or at any time may become available to be drawn thereunder.

  • No Lender shall be obligated in any way whatsoever to increase its Tranche 1 Revolving Commitment or provide a new Tranche 1 Revolving Commitment, and any new Lender becoming a party to this Agreement in connection with any such requested increase must be an Eligible Assignee.


More Definitions of Tranche 1 Revolving Commitment

Tranche 1 Revolving Commitment means, as to any Tranche 1 Revolving Lender, the obligation of such Lender to make Tranche 1 Revolving Loans and purchase participation interests in Tranche 1-3 Letters of Credit in an aggregate principal amount not to exceed the amount set forth under the heading “Tranche 1 Revolving Commitment” opposite such Lender’s name on Schedule 1.01A or in the Assignment and Assumption or New Lender Supplement pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms of this Agreement. The aggregate Dollar Amount of all Tranche 1 Revolving Commitments on the Closing Date is $2,110,000,000.00.
Tranche 1 Revolving Commitment means, as to each Tranche 1 Revolving Lender (other than the Swingline Lender), such Tranche 1 Revolving Lender’s obligation to make Tranche 1 Revolving Loans pursuant to Section 2.1.(a)(i), to issue (in the case of an Issuing Bank) and to participate (in the case of the other Tranche 1 Revolving Lenders) in Letters of Credit pursuant to Section 2.4.(i), and to participate in Swingline Loans pursuant to Section 2.5.(e), in an amount up to, but not exceeding the amount set forth for such Tranche 1 Revolving Lender on Schedule I as such Tranche 1 Revolving Lender’s “Tranche 1 Revolving Commitment Amount” or as set forth in the applicable Assignment and Assumption, or agreement executed by a Person becoming a Tranche 1 Revolving Lender pursuant to Section 2.17., as the same may be reduced from time to time pursuant to Section 2.13. or increased or reduced as appropriate to reflect any assignments to or by such Tranche 1 Revolving Lender effected in accordance with Section 13.5. or increased as appropriate to reflect any increase effected in accordance with Section 2.17.
Tranche 1 Revolving Commitment means, as to each Tranche 1 Revolving Lender, such Tranche 1 Revolving Lender’s obligation to make Tranche 1 Revolving Loans pursuant to Section 2.1.(a)(i), and to issue (in the case of an Issuing Bank) and to participate (in the case of the other Tranche 1 Revolving Lenders) in Letters of Credit pursuant to Section 2.4.(i), in an amount up to, but not exceeding the amount set forth for such Tranche 1 Revolving Lender on Schedule I as such Tranche 1 Revolving Lender’s “Tranche 1 Revolving Commitment Amount” or as set forth in the applicable Assignment and Assumption, or agreement executed by a Person becoming a Tranche 1 Revolving Lender pursuant to Section 2.17., as the same may be reduced from time to time pursuant to Section 2.13. or increased or reduced as appropriate to reflect any assignments to or by such Tranche 1 Revolving Lender effected in accordance with Section 13.5. or increased as appropriate to reflect any increase effected in accordance with Section 2.17.
Tranche 1 Revolving Commitment means, with respect to each Tranche 1 Revolving Lender, the commitment of such Tranche 1 Revolving Lender to make Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Tranche 1 Lender's Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) increased from time to time pursuant to Section 2.21, and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. After giving effect to the execution and delivery of the signature pages to the First Amendment, the amount of each Revolving Lender's Tranche 1 Revolving Commitment and the aggregate amount of the Tranche 1 Revolving Lenders' Tranche 1 Revolving Commitments as of November 13, 2009 are set forth on Schedule 2 to the First Amendment.
Tranche 1 Revolving Commitment means, with respect to each Tranche 1 Revolving Facility Lender, the commitment of such Tranche 1 Revolving Facility Lender to make Tranche 1 Revolving Facility Loans pursuant to Section 2.01, expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Tranche 1 Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04. The aggregate amount of the Tranche 1 Revolving Commitments on the Restatement Effective Date is $169,230,769.24 and for each Revolving Facility Lender is set forth opposite such Lender’s name on Schedule 2.01.
Tranche 1 Revolving Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Tranche 1 Revolving Loans and to acquire participations in Revolving Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate permitted amount of such Lender’s Tranche 1 Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to Section 2.20 or pursuant to assignments by or to such Lender pursuant to Section 9.04. The amount of each Lender’s Tranche 1 Revolving Commitment as of the Restatement Effective Date is set forth on Schedule 2.01. The aggregate amount of the Lenders’ Tranche 1 Revolving Commitments as of the Restatement Effective Date is $400,000,000. The initial amount of the Tranche 1 Revolving Commitment of any Lender that becomes a Tranche 1 Revolving Lender after the Restatement Effective Date is set forth in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche 1 Revolving Commitment.
Tranche 1 Revolving Commitment means, with respect to each Revolving Lender, the commitment, if any, of such Revolving Lender to make Tranche 1 Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed in each case as an amount representing the maximum principal amount of such Revolving Lender’s Revolving Exposure hereunder, as the same may be reduced from time to time pursuant to the provisions of this Agreement.