Tranche A Revolver Commitments definition

Tranche A Revolver Commitments means the aggregate amount of such commitments of all Tranche A Revolver Lenders.

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Tranche A Revolver Commitments means the aggregate amount of such commitments of all Lenders.

Tranche A Revolver Commitments means the aggregate amount of such commitments of all Lenders. Tranche A Revolver Loan – (a) a Loan made pursuant to Section 2.1.1(a), (b) any Swingline Loan, (c) any Overadvance Loan deemed by Agent to be a Tranche A Revolver Loan or (d) any Protective Advance deemed by Agent to be a Tranche A Revolver Loan. Tranche A Revolver Note — a promissory note to be executed by Borrowers in favor of a Lender in the form of Exhibit A, which shall be in the amount of such Lender’s Tranche A Revolver Commitment and shall evidence the Tranche A Revolver Loans made by such Lender. Tranche A-1 Borrowing Base — on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Tranche A-1 Revolver Commitments and (b) the sum of (i) the Tranche A-1 Inventory Formula Amount, plus (ii) the lesser of (x) $75,000,000 and (y) the Tranche A-1 Real Estate Amount, minus (iii) the Availability Reserve (to the extent the Availability Reserve is not deducted from the Tranche A Borrowing Base). Tranche A-1 Excess Availability — determined as of any date, the amount that Borrowers are entitled to borrow as Tranche A-1 Revolver Loans, being the Tranche A-1 Borrowing Base minus the principal balance of all Tranche A-1 Revolver Loans. Tranche A-1 Inventory Formula Amount – on any date of determination, 10% of the NRV Percentage of the Value of Eligible Inventory. Tranche A-1 Lenders – the Lenders indicated on Schedule 1.1(a) as Lenders of Tranche A-1 Revolver Loans and any other Person who hereafter becomes a “Tranche A-1 Lender” pursuant to an Assignment and Assumption Agreement. Tranche A-1 Overadvance — as defined in Section 2.1.4. Tranche A-1 Real Estate Amount — at any date of determination, 10% of the Appraised Value of Eligible Real Estate.

Examples of Tranche A Revolver Commitments in a sentence

In the event that the aggregate principal amount of existing Tranche B Revolver Commitments of Lenders accepting such Tranche A Exchange Offer exceeds the amount of Tranche A Revolver Commitments requested, existing Tranche B Revolver Commitments shall be converted to Tranche A Revolver Commitments on a pro rata basis based on the aggregate principal amount of Tranche B Revolving Loans included in each such Tranche A Exchange Offer.
Any such increase in Tranche A Revolver Commitments may increase the Letter of Credit Sublimit subject to the consent of the Agent and the applicable Issuing Bank; provided that any such increase in the Letter of Credit Sublimit shall be provided by an Issuing Bank reasonably acceptable to the Agent and the Parent and no Issuing Bank at the time shall have any obligation to provide such increase.
The Borrowers may at any time or from time to time after the Closing Date, by notice from the Parent to the Agent (whereupon the Agent shall promptly deliver a copy to each of the Lenders), request one or more incremental Tranche A Revolver Commitments (each an “Upsize Incremental Commitment” and all of them, collectively, the “Upsize Incremental Commitments” and any such loans thereunder, the “Upsize Incremental Loans”).
Any Lender wishing to participate in the Tranche A Exchange Offer shall notify the Agent on or prior to the date specified in such Tranche A Exchange Offer of the amount of its existing Tranche B Revolver Commitments which it requests be converted into Tranche A Revolver Commitments.
Upon at least 30 days prior written notice to Agent, Borrowers may, at their option, terminate the Tranche A Revolver Commitments, Tranche B Revolver Commitments and this credit facility.
Each such reduction of the Tranche A Revolver Commitments shall be in a minimum amount of $50,000,000, or an increment of $10,000,000 in excess thereof, and Borrower may not permanently reduce the Tranche A Revolver Commitments by more than $400,000,000 in the aggregate.
Upon at least 10 days prior written notice to Agent (or upon such shorter notice period as may be consented to by Agent in its sole discretion), Borrower may, at its option, terminate the Tranche A Revolver Commitments, the Tranche B Revolver Commitments and this credit facility.
Borrower shall pay to Agent, for the Pro Rata benefit of Tranche A Revolver Lenders, a fee equal to the Unused Line Fee Rate times the amount by which the Tranche A Revolver Commitments exceed the average daily balance of Tranche A Revolver Loans and stated amount of Letters of Credit during any month.
Borrower may also specify any fees offered to those Lenders (the “Increasing Lenders”) that agree to increase the principal amount of their Tranche A Revolver Commitments and/or Tranche B Revolver Commitments, as applicable, which fees may be variable based upon the amount by which any such Lender is willing to increase the principal amount of its Tranche A Revolver Commitments and/or Tranche B Revolver Commitments, as applicable.
In connection with any reduction of the Tranche A Revolver Commitments, the Borrowers shall prepay the Tranche A Revolver Loans and Cash Collateralize Letters of Credit in an amount sufficient to cause the outstanding Tranche A Revolver Loans and Letters of Credit to not exceed the Tranche A Revolver Commitments then in effect.

More Definitions of Tranche A Revolver Commitments

Tranche A Revolver Commitments means the aggregate amount of such commitments of all Lenders. As of the Closing Date, the Tranche A Revolver Commitments are One Billion Two Hundred Eighty-Five Million Dollars ($1,285,000,000).

Tranche A Revolver Commitments means the aggregate amount of such commitments of all Tranche A Revolver Lenders. Tranche A Revolver Lenders: as of any date of determination, Lenders having a Tranche A Revolver Commitment or holding a Tranche A Revolver Loan. Tranche A Revolver Loan: a loan made pursuant to Section 2.1.1(a), and any Swingline Loan, Overadvance Loan or Protective Advance that consists of Tranche A Revolver Loans in accordance with Section 2.1.6. 37 NAI-1507796678v9

Tranche A Revolver Commitments means the aggregate amount of such commitments of all Tranche A Revolver Lenders. Tranche A Revolver Commitments of each Tranche A Revolver Lender that is also a Tranche B Revolver Lender shall be increased automatically and permanently (in an amount, with respect to each such increase and with respect to each such Lender, that is equal to the amount of the substantially contemporaneous reduction in such Lender’s Tranche B Revolver Commitment pursuant to the third sentence of the definition of the term “Tranche B Revolver Commitments”) in equal quarterly amounts, each equal to $3,125,000, commencing on the last Business Day of the calendar quarter in which the first anniversary of the Closing Date occurs and continuing on the last Business Day of each calendar quarter thereafter until the aggregate amount of all such increases equals $25,000,000. Tranche A Revolver Lenders: as of any date of determination, Lenders having a Tranche A Revolver Commitment or holding a Tranche A Revolver Loan. Tranche A Revolver Loan: a loan made pursuant to Section 2.1.1(a), and any Swingline Loan, Overadvance Loan or Protective Advance that consists of Tranche A Revolver Loans in accordance with Section 2.1.6.

Tranche A Revolver Commitments means the aggregate amount of such commitments of all Tranche A Revolver Lenders. Tranche A Revolver Commitments of each Tranche A Revolver Lender that is also a Tranche B Revolver Lender shall be increased automatically and permanently (in an amount, with respect to each such increase and with respect to each such Lender, that is equal to the amount of the substantially contemporaneous reduction in such Lender’s Tranche B Revolver Commitment pursuant to the third sentence of the definition of the term “Tranche B Revolver Commitments”) in (i) an amount equal to $3,125,000 on June 30, 2015, (ii) an amount equal to $2,430,555.56 on the First Amendment Date, and (iii) equal quarterly amounts, each equal to $2,777,777.78, commencing on December 31, 2015 the last Business Day of the calendar quarter in which the first anniversary of the Closing Date occurs and continuing on the last Business Day of each calendar quarter in which the first anniversary of the Closing Date occurs and continuing on the last Business Day of each calendar quarter thereafter until the aggregate amount of all such increases equals $25,000,000.

Tranche A Revolver Commitments means the aggregate amount of such commitments of all Tranche A Revolver Lenders. As of the Second Amendment Date, Tranche A Revolver Commitments of each Tranche A Revolver Lender that is also a Tranche B Revolver Lender shall be increased reduced automatically and permanently (in an amount, with respect to each such increase reduction and with respect to each such Lender, that is equal to the amount of the substantially contemporaneous reinstatement of reduction in such Lender’s Tranche B Revolver Commitment pursuant to the second third sentence of the definition of the term “Tranche B Revolver Commitments”) such that the amount of the Tranche A Revolver Commitment for each such Lender as of the Second Amendment Date shall be the amount of the Tranche A Revolver Commitment for such Lender shown on Schedule 1.1 in (i) an amount equal to $3,125,000 on June 30, 2015, (ii) an amount equal to $2,430,555.56 on the First Amendment Date, and (iii) equal quarterly amounts, each equal to $2,777,777.78, commencing on December 31, 2015 and continuing on the last Business Day of each calendar quarter thereafter until the aggregate amount of all such increases equals $25,000,000.

Tranche A Revolver Commitments means the aggregate amount of such commitments of all Lenders. On the Closing Date, the Tranche A Revolver Commitments are $625,000,000. Tranche A Revolver Loan — (a) a Loan made pursuant to Section 2.1.1(a), (b) any Swingline Loan, (c) any Overadvance Loan deemed by Agent to be a Tranche A Revolver Loan or (d) any Protective Advance deemed by Agent to be a Tranche A Revolver Loan. Tranche A Revolver Note — a promissory note to be executed by Borrowers in favor of a Lender in the form of Exhibit A, which shall be in the amount of such Lender’s Tranche A Revolver Commitment and shall evidence the Tranche A Revolver Loans made by such Lender. Tranche A-1 Borrowing Base — on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Tranche A-1 Revolver Commitments and (b) the sum of (i) the Tranche A-1 Inventory Formula Amount, plus (ii) the Tranche A-1 Real Estate Amount, minus (iii) the Availability Reserve (to the extent the Availability Reserve is not deducted from the Tranche A Borrowing Base).