UK Facility Commitment definition

UK Facility Commitment means, with respect to any Lender, such Lender's Applicable Facility Commitment for the UK Facility.

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UK Facility Commitment means a Lender's commitment to make a Tranche A-UK Term Loan hereunder.

UK Facility Commitment means the commitment by each U.K. Facility Lender under the U.K. Facility to provide up to the amount of United States Dollars (or the Equivalent Amount thereof) set forth opposite its name in Schedule A annexed hereto in the column with the heading “U.K. Facility Commitment”, subject to any increase in accordance with the provisions of Section 2.23 and any reduction in accordance with the other applicable provisions hereof; provided that, at any time:

Examples of UK Facility Commitment in a sentence

No UK Facility Lender shall be responsible for any default of any other UK Facility Lender in respect to such other UK Facility Lender's obligation to make any UK Facility Loan hereunder nor shall the UK Facility Fronting Commitment of any UK Facility Lender or the UK Facility Commitment of any Lender be increased as a result of such default of any other UK Facility Lender.
For the period beginning on the Closing Date and ending on the Total Facility Termination Date, the Company agrees to pay to the US Facility Agent, and the US Facility Agent shall then pay to each Lender at its office in the United States so designated thereby based on such Lender's Applicable Commitment Percentage, a Facility Fee equal to the Applicable Margin for Facility Fees multiplied by the Total UK Facility Commitment.
Each Advance hereunder shall consist of Loans made from the several Lenders with a Commitment in respect of such Facility ratably in proportion to the ratio (hereafter referred to as the "Percentage") that (i) their respective Canada Facility Commitment bears to the Aggregate Canada Facility Commitment, (ii) their respective Euro Facility Commitment bears to the Aggregate Euro Facility Commitment and (iii) their respective UK Facility Commitment bears to the Aggregate UK Facility Commitment.
For the period beginning on the Closing Date and ending on the Total Facility Termination Date, the Company agrees to pay to each Lender at its office in the United States so designated thereby based on such Lender's Applicable Commitment Percentage, a Facility Fee equal to the Applicable Margin for Facility Fees times the Total UK Facility Commitment.
No UK Facility Lender shall be responsible for any default of any other UK Facility Lender in respect to such other UK Facility Lender's obligation to make any UK Facility Loan hereunder or to fund its purchase of any Participation hereunder nor shall the UK Facility Fronting Commitment or Bank Guarantee Commitment of any UK Facility Lender or the UK Facility Commitment of any Lender be increased as a result of such default of any other UK Facility Lender.

More Definitions of UK Facility Commitment

UK Facility Commitment means, for each UK Lender, the obligation of such UK Lender to make Loans not exceeding in the principal amount set forth opposite its signature below with respect to British Pounds Sterling or as set forth in any Notice of Assignment relating to any assignment that has become effective pursuant to Section 12.3.3, as such amount may be modified from time to time pursuant to the terms hereof.

UK Facility Commitment means the commitment by each U.K. Facility Lender under the U.K. Facility to provide up to the amount of United States Dollars (or the Equivalent Amount thereof) set forth opposite its name in Schedule A annexed hereto in the column with the heading "U.K. Facility Commitment", subject to any increase in accordance with the provisions of Section 2.23 and any reduction in accordance with the other applicable provisions hereof; provided that, at any time:

UK Facility Commitment means, at any time and for any Lender, the amount (if any) stated beside that Lender's name on the most-recently amended SCHEDULE 1 for the UK Facility (which amount is subject to reduction and cancellation as provided in this agreement), under which is encompassed the BG/LC Subfacility and the Overdraft Subfacility.