Tranche B Revolving Commitment means, with respect to each Tranche B Lender, its obligation to (a) make Tranche B Revolving Loans to the Borrower pursuant to Section 2.1(a)(ii), in an aggregate principal amount at any one time outstanding not to exceed the amount set forth for such Tranche B Lender on Schedule 1.1(c) or as set forth in the Assignment and Assumption, in each case, as modified or terminated from time to time pursuant to the terms hereof.
Tranche B Revolving Commitment means, with respect to each Lender, the commitment of such Lender to make Tranche B Revolving Loans in an aggregate principal amount at any time outstanding up to such Lender's Tranche B Revolving Committed Amount.
Tranche B Revolving Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Tranche B Revolving Loans and to acquire participations in Letters of Credit issued at the request of M-I LLC, expressed as an amount representing the maximum aggregate amount of such Lender’s Tranche B Revolving Exposure hereunder, as such commitment may be (a) reduced or increased 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 B 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 B Revolving Commitment, as applicable. The initial aggregate amount of the Lenders’ Tranche B Revolving Commitments is $125,000,000.
Examples of Tranche B Revolving Commitment in a sentence
The U.S. Borrower shall not be permitted to terminate or reduce the U.S. Tranche B Revolving Commitment if, as a result of such termination or reduction, the U.S. Tranche B Revolving Credit Utilization would exceed the aggregate U.S. Tranche B Revolving Commitment.
Reference is hereby made to the Revolving Credit Agreement and the Security Documents for a description of the properties and assets in which a security interest has been granted, the 24 Lender’s Tranche B Revolving Commitment nature and extent of the security and guarantees, the terms and conditions upon which the security interest and each guarantee was granted and the rights of the holder of this Note in respect thereof.
Consent Fees shall be payable (i) in U.S. dollars for the U.S. Term Loans and the U.S. Revolving Commitment, (ii) in U.S. Dollar Equivalent for the Australian Revolving Commitment, the Canadian Tranche A Revolving Commitment and the Canadian Tranche B Revolving Commitment and (iii) in Canadian dollars for the Canadian Term Loans.
Each Lender's Tranche B Revolving Commitment shall expire on the Tranche B Revolving Commitment Termination Date and all Tranche B Revolving Loans and all other amounts owed hereunder with respect to the Tranche B Revolving Loans and the Tranche B Revolving Commit ments shall be paid in full no later than such date.
Upon completion, the Engineer will submit five sets of the plans and specifications for review by the City, five calendar days prior to their review and approval by the City Council at a public meeting.
More Definitions of Tranche B Revolving Commitment
Tranche B Revolving Commitment means, with respect to each Tranche B Revolving Lender, the commitment, if any, of such Lender to make Tranche B Revolving Loans hereunder up to the amount set forth and opposite such Lender's name on Schedule 2.01 under the caption "Tranche B Revolving Commitment," or in the Assignment and Assumption Agreement pursuant to which such Lender assumed its Tranche B Revolving Commitment, as applicable, as the same shall be terminated and permanently reduced to $0 on the First Amendment Effective Date pursuant to Section 2.07 after giving effect to the borrowing of all Tranche B Revolving Loans on such date. The aggregate amount of the Lenders' Tranche B Revolving Commitments on the First Amendment Effective Date is $20,000,000.
Tranche B Revolving Commitment means, with respect to each Tranche B Revolving Lender, the commitment of such Tranche B Revolving Lender set forth as its Tranche B 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 B Revolving Commitment means, with respect to any Tranche B Lender, the commitment of such Tranche B Lender to make Tranche B Revolving Loans expressed as an amount representing the maximum aggregate amount of such Tranche B Lender’s potential Credit Exposure hereunder in respect of Tranche B Revolving Loans and to acquire participations in Swingline Loans hereunder, as such commitment may (x) be reduced from time to time pursuant to Section 2.06, and (y) increased or reduced from time to time pursuant to assignments by or to such Tranche B Lender pursuant to Section 11.05. The initial amount of each Tranche B Lender’s Tranche B Revolving Commitment is set forth on Schedule 2.01 Part B, or in the Assignment and Assumption pursuant to which such Tranche B Lender shall have assumed its Tranche B Revolving Commitment, as applicable. The initial aggregate amount of the Tranche B Lenders’ Tranche B Revolving Commitments is US$1,150,000,000.
Tranche B Revolving Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Tranche B Revolving Loans hereunder. The amount of each Lender’s Revolving Commitment is set forth on Appendix A or the applicable Assignment and Assumption, 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 10.04. The aggregate amount of the Lenders’ Tranche B Revolving Commitments on the Closing Date is $70.0 million.
Tranche B Revolving Commitment as to any Revolving Lender, the obligation of such Lender, if any, to make Tranche B Revolving Loans in an aggregate principal 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 B Revolving Commitments as of the Amendment No. 1 Effective Date is $41,470,588.23. The aggregate amount of the Tranche B Revolving Commitments as of the Amendment No. 3 Effective Date is $36,340,000.00. The Tranche B Revolving Commitments of the Tranche B Revolving Lenders as of the Amendment No. 3 Effective Date are set forth in Schedule A to Amendment No. 3.
Tranche B Revolving Commitment means, with respect to any Lender, the commitment, if any, of such Lender to make Tranche B Revolving Loans (and to acquire participations in Letters of Credit and Swingline Loans) 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 B 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 Sixth Amendment Effective Date, the Tranche B Revolving Commitments of the Tranche B Revolving Lenders aggregate $30,160,000.
Tranche B Revolving Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Tranche B Revolving Loans (and to acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on Schedule 1.01(e) or in the Assignment and Assumption or Joinder Agreement pursuant to which such Lender assumed its Tranche B 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.