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.
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.
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.
Examples of Tranche 1 Revolving Credit Commitment in a sentence
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.
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).
More Definitions of Tranche 1 Revolving Credit Commitment
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).
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.
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.
Tranche 1 Revolving Credit Commitment means, as to each Revolving Credit Lender, each “Revolving Credit Commitment” outstanding immediately prior to the Amendment No. 4