Tranche A Revolving Commitments definition
Examples of Tranche A Revolving Commitments in a sentence
Specify the maximum amount of New Tranche A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have, and exclusive of such amount of Existing Revolving Commitments): $22,620,000 Specify the maximum amount of Tranche B Revolving Commitments you are requesting: $15,080,000 By executing this Amendment, the undersigned consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.
All Letters of Credit outstanding under the Revolving Credit Commitments immediately prior to the Amendment No. 3 Effective Date shall be deemed to be Letters of Credit issued under the Tranche A Revolving Commitments and Incremental Tranche A Revolving Commitments.
Any termination or reduction of the Tranche A Revolving Commitments and any termination of the Tranche B Revolving Commitments shall be permanent, but reductions or increases of the Tranche B Revolving Commitments shall not.
The aggregate Incremental Tranche A Revolving Commitments of all Revolving Credit Lenders shall be $100,000,000 on the Amendment No. 3 Effective Date.
At the time that each ABR Revolving Loan is made, such Borrowing shall be in an aggregate amount that is equal to $2,000,000 or an increment of $100,000 in excess thereof; provided that an ABR Revolving Loan may be in an aggregate amount that is equal to the entire unused balance of the total Tranche A Revolving Commitments or Tranche B Revolving Commitments, as the case may be, or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.04(e).
The aggregate Tranche A Revolving Commitments of all Revolving Credit Lenders shall be $100,000,000 on the Amendment No. 3 Effective Date.
Without limiting the obligations of the Borrowers provided for in this Section 2.23(b), the Agent and the Applicable Tranche A Lenders agree that they will use their commercially reasonable efforts to attempt to minimize the costs of the type referred to in Section 2.16 which the Borrowers receiving a Revolving Commitment Increase would otherwise occur in connection with the implementation of an increase in the aggregate total Tranche A Revolving Commitments and the aggregate total Commitments hereunder.
Any termination or reduction of the Tranche A Revolving Commitments pursuant to this Section 2.09 shall be permanent.
Each Revolving Commitment Increase shall be subject to the terms and conditions set forth in this Section 2.23(b) and any Tranche A Revolving Loans pursuant to such Revolving Commitment Increase or new Tranche A Revolving Commitments shall be on the same terms and conditions as all other Tranche A Revolving Loans, except with respect to any fees payable in connection therewith as may be separately agreed among the Borrower Agent and the Additional Revolving Commitment Lenders.
All Letters of Credit outstanding under the Revolving Credit Commitments immediately prior to the Second Incremental Amendment Closing Date shall be deemed to be Letters of Credit issued under the Tranche A Revolving Commitments.