Examples of Tranche A Aggregate Commitments in a sentence
Upon any reduction of the Tranche A Aggregate Commitments, the Tranche A Commitment of each Tranche A Lender shall be reduced by such Lender’s Tranche A Applicable Percentage of such reduction amount.
All Tranche A Loans up to the amount of the Tranche A Aggregate Commitments (at the option of the Borrower, and provided that they are done in compliance with the other terms and conditions of this Agreement) may be Base Rate Loans or LIBOR Loans; provided that, without the prior written consent of the Tranche A Majority Lenders, no more than six (6) LIBOR Loans may be outstanding at any time.
All fees (including, without limitation, commitment fees and Letter of Credit Fees) and interest in respect of the Aggregate Commitments, the Tranche A Aggregate Commitments or the Tranche A-1 Aggregate Commitments accrued until the effective date of any termination of the Aggregate Commitments, the Tranche A Aggregate Commitments or the Tranche A-1 Aggregate Commitments, respectively, shall be paid on the effective date of such termination.
Such request shall be made in writing (which written request shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Tranche A Aggregate Commitments and the conditions set forth in Section 4.02.
In such event, the Borrowers shall be deemed to have requested a Tranche A Committed Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Tranche A Aggregate Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice).
If the Tranche A Aggregate Commitments are increased in accordance with this Section 2.15, the Administrative Agent and the Lead Borrower shall determine the effective date (the “Increase Effective Date”) of such increase (such increase, a “Tranche A Commitment Increase”).
TRANCHE A BORROWING BASE UTILIZATION RATE -------------------------- ---- Less than 50% 0.250% Greater than or equal to 50% 0.375% Accrued commitment fees hereunder shall be payable quarterly in arrears on each Quarterly Date and on the earlier of the date the Tranche A Aggregate Commitments are terminated or the Revolving Credit Termination Date.
The Tranche A Aggregate Commitments shall at all times be equal to the lesser of (i) the Tranche A Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Tranche A Borrowing Base as determined from time to time.
All Base Rate Loan and Fixed Rate Loan borrowings shall be in amounts of at least $100,000 or the remaining balance of the Tranche A Aggregate Commitments or Tranche B Aggregate Commitments (as applicable), if less, or any whole multiple of $50,000 in excess thereof, and all LIBOR Loans shall be in amounts of at least $500,000 or any whole multiple of $100,000 in excess thereof.