Tranche 1 Revolving Credit Commitment definition

Tranche 1 Revolving Credit Commitment means, as to each Revolving Credit Lender, each “Revolving Credit Commitment” outstanding immediately prior to the Amendment No. 4 Effective Date.
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Tranche 1 Revolving Credit Commitment means with respect to each Lender, the commitment, if any, of such Lender to make Tranche 1 Revolving Credit Loans and to acquire participations in Letters of Credit, expressed as an amount representing the maximum possible aggregate amount of such Xxxxxx’s Tranche 1 Revolving Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) increased from time to time pursuant to Section 2.14. The initial amount of each Lender’s Tranche 1 Revolving Credit Commitment on the Post-Conversion Amendment No. 3 Effective Date is set forth on Schedule 2.01 to the Post-Conversion Amendment No. 3, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche 1 Revolving Credit Commitment, as the case may be. The aggregate amount of the Lenders’ Tranche 1 Revolving Credit Commitments on the Post-Conversion Amendment No. 3 Effective Date is $50,000,000.
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Tranche 1 Revolving Credit Commitment means, as to each Tranche 1 Revolving Credit Lender, its obligation to (a) make Tranche 1 Revolving Credit Loans to the Borrower pursuant to Section 2.01(a)(i), (b) purchase Tranche 1 L/C Participations in respect of Letters of Credit, (c) purchase Tranche 1 Swing Line Participations in respect of Swing Line Loans and (d) purchase Tranche 1 Protective Advance Participations in respect of Protective Advances, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth, and opposite such Lender’s name on Schedule 2.01B under the caption “Tranche 1 Revolving Credit Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate Tranche 1 Revolving Credit Commitments of all Tranche 1 Revolving Credit Lenders shall be $42,500,000 on the Closing Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement, including pursuant to any applicable Facility Increase.
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Examples of Tranche 1 Revolving Credit Commitment in a sentence

  • Within the limits of each Lender’s Tranche 1 Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b).

  • Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Tranche 1 Revolving Credit Commitment and, if so, whether by an amount equal to, greater than, or less than its Tranche 1 Applicable Adjusted Percentage of the requested Facility Increase.

  • Any Lender not responding within such time period shall be deemed to have declined to increase its Tranche 1 Revolving Credit Commitment.

  • Subject to the terms and conditions set forth herein, each Tranche 1 Revolving Credit Lender severally agrees to make (or cause its Applicable Lending Office to make) Tranche 1 Revolving Credit Loans in Dollars from time to time during the Availability Period with respect to the Tranche 1 Revolving Credit Facility in Dollars in an aggregate principal amount that will not result in such Lender’s Tranche 1 Revolving Credit Exposure exceeding such Xxxxxx’s Tranche 1 Revolving Credit Commitment.


More Definitions of Tranche 1 Revolving Credit Commitment

Tranche 1 Revolving Credit Commitment means, with respect to each Tranche 1 Revolving Credit Lender, its Dollar Revolving Credit Sub-Commitment and/or its Multicurrency Revolving Credit Sub-Commitment, if any.
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Tranche 1 Revolving Credit Commitment a Revolving Credit Commitment of a Declining Revolving Credit Lender, which shall be treated as a “Tranche 1 Revolving Credit Commitment” on and after the Amendment No. 1 Effective Date in accordance with subsection 3.1(d).
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Tranche 1 Revolving Credit Commitment means, with respect to each Revolving Lender, the commitment 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 Credit Exposure of such Tranche hereunder, as the same may be reduced from time to time pursuant to the provisions of this Agreement.
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Related to Tranche 1 Revolving Credit Commitment

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

  • Initial Revolving Credit Commitment means, with respect to any Person, the commitment of such Person to make Initial Revolving Loans (and acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on the Commitment Schedule, or in the Assignment Agreement pursuant to which such Person assumed its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 or 2.19, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05 or (c) increased pursuant to Section 2.22. The aggregate amount of the Initial Revolving Credit Commitments as of the Closing Date is $75,000,000.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Unused Revolving Credit Commitment of any Lender, at any time, means the remainder of the Revolving Credit Commitment of such Lender at such time, if any, less the sum of (a) the aggregate Outstanding Amount of Revolving Loans made by such Lender, (b) such Lender’s LC Exposure at such time and (c) except for purposes of Section 2.12(a), such Lender’s Applicable Percentage of the aggregate Outstanding Amount of Swingline Loans.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Other Revolving Credit Commitments means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).