Tranche A Revolving Commitment definition
Tranche A Revolving Commitment means, with respect to each Tranche A Lender, its obligation to (a) make Tranche A Revolving Loans to the Borrower pursuant to Section 2.1(a)(i), (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 for such Tranche A Lender on Schedule 1.1(c) or as set forth in the Assignment and Assumption or in any other documentation described in Section 2.18 pursuant to which such Tranche A Lender becomes a party hereto, in each case, as modified or terminated from time to time pursuant to the terms hereof.
Tranche A Revolving Commitment as to any Revolving Lender, the obligation of such Lender, if any, to make Tranche A Revolving Loans and participate in Letters of Credit, Local Loans, Acceptances and Swingline Loans in an aggregate principal and/or face amount not to exceed the amount set forth on Schedule 2.1, or, as the case may be, in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to an Extension Amendment, an Increase Supplement or otherwise pursuant to the terms hereof. The aggregate amount of the Tranche A Revolving Commitments as of the Closing Date and as of the Amendment No. 1 Effective Date is $400,000,000.
Tranche A Revolving Commitment means each Refinancing Revolving Commitment that is held by a Revolving Credit Lender on the Second Incremental Amendment Closing Date. The aggregate Tranche A Revolving Commitments of all Revolving Credit Lenders shall be $30,000,000 on the Second Incremental Amendment Closing Date.
Examples of Tranche A Revolving Commitment in a sentence
Notwithstanding anything to the contrary contained herein, if at any time a Lender acting as an L/C Issuer or the Swing Line Lender assigns all of its Tranche A Revolving Commitment and Tranche A Revolving Loans pursuant to subsection (b) above, such Lender may, as applicable, (i) upon thirty days’ notice to the Borrower and the Lenders, resign as an L/C Issuer and/or (ii) upon thirty days’ notice to the Borrower, resign as Swing Line Lender.
The U.S. Borrower shall not be permitted to terminate or reduce the U.S. Tranche A Revolving Commitment if, as a result of such termination or reduction, the aggregate principal amount of the U.S. Tranche A Revolving Loans would exceed the aggregate U.S. Tranche A Revolving Commitment.
For purposes of computing the commitment fee, the Tranche A Revolving Commitment of each Tranche A Revolving Lender shall be deemed used to the extent of the outstanding Tranche A Revolving Loans and LC Exposure, but not Swingline Exposure and Agent Advance Exposure, of such Tranche A Revolving Lender.
To the extent there is at any time any change in the Aggregate Tranche A-1 Revolving Commitment, the Tranche A-1 Borrowing Base, the Aggregate Tranche A Revolving Commitment or the Tranche A Borrowing Base, the Administrative Agent shall be authorized and empowered to convert any Tranche A-1 Revolving Loans into Tranche A Revolving Loans, or vice versa, accordingly.
Within the limits of the Tranche A Revolving Commitment of each Lender, amounts of Tranche A Loans repaid may be reborrowed under this Section 2.1.
More Definitions of Tranche A Revolving Commitment
Tranche A Revolving Commitment means, with respect to any Lender, the commitment, if any, of such Lender to make Tranche A Revolving Loans (and to acquire participations in Letters of Credit) hereunder as set forth on Schedule 1.01(e) (as such schedule may be restated pursuant to Section 9.04) or in the Assignment and Assumption or Joinder Agreement pursuant to which such Lender assumed its Tranche A Revolving Commitment as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender in accordance with Section 9.04. As of the Fourteenth Amendment Effective Date, the Tranche A Revolving Commitments of the Tranche A Revolving Lenders aggregate $0.
Tranche A Revolving Commitment means each Refinancing Revolving Commitment that is held by a Revolving Credit Lender on the Amendment No. 3
Tranche A Revolving Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Tranche A Revolving Loans and to acquire participations in Letters of Credit issued at the request of Smith, expressed as an amount representing the maximum aggregate amou▇▇ ▇▇ such Lender's Tranche A Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender's Tranche A Revolving Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche A Revolving Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche A Revolving Commitments is $400,000,000. The aggregate Tranche A Revolving Commitments shall be automatically reduced from time to time by the aggregate Tranche B Revolving Exposure of the Lenders.
Tranche A Revolving Commitment means, with respect to each Tranche A Revolving Lender, the commitment of such Tranche A Revolving Lender set forth as its Tranche A Revolving Commitment opposite its name on Annex A hereto or as may subsequently be set forth in the Register from time to time, as the same may be reduced from time to time pursuant to Section 2.05.
Tranche A Revolving Commitment means, with respect to each Tranche A Revolving Lender, the commitment, if any, of such Lender to make Tranche A Revolving Loans hereunder up to the amount set forth and opposite such Lender's name on Schedule 2.01(a) under the caption "Tranche A Revolving Commitment," or in the Assignment and Assumption Agreement pursuant to which such Lender assumed its Tranche A Revolving Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07, and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04. The aggregate amount of the Tranche A Revolving Lenders' Tranche A Revolving Commitments on the First Amendment Effective Date is $250,000,000 less the aggregate principal amount of Tranche B Revolving Loans outstanding on the First Amendment Effective Date. For the avoidance of doubt, the Tranche A Revolving Commitment of each Tranche A Revolving Lender shall be increased by such Tranche A Revolving Lender's Pro Rata Percentage under the Tranche B Subfacility of each reduction in the aggregate principal amount outstanding of Tranche B Revolving Loans under Sections 2.04(a)(II) and 2.09(a); provided that such increases shall not increase the aggregate Tranche A Revolving Commitment above $250,000,000.
Tranche A Revolving Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Tranche A Revolving Loans hereunder (and to acquire participations in Letters of Credit as provided for herein). The amount of each Lender’s Revolving Commitment is set forth on Appendix A or the applicable Assignment and Assumption, as the same may be (a) reduced from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The aggregate amount of the Lenders’ Tranche A Revolving Commitments on the Closing Date is $30.0 million.
Tranche A Revolving Commitment means, with respect to each Lender, the commitment of such Lender to make Tranche A Revolving Loans in an aggregate principal amount at any time outstanding up to such Lender's Tranche A Revolving Committed Amount.