Unavailable Commitment definition

Unavailable Commitment means (a) prior to June 30, 2001, $50,000,000 (as such amount may be reduced from time to time as a result of the reallocation of any portion of the Unavailable Commitment to the Revolver B Commitment in accordance with the terms of Section 2.18 hereof), and (b) on and after June 30, 2001, $0.00.

Unavailable Commitment has the meaning set forth in Section 2.7(a).

Unavailable Commitment. Specified Percentage" or "Majority Lenders", without the prior written consent of each Lender; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder without the prior written consent of the Administrative Agent. The Borrower may rely on the written representation by the Administrative Agent that consent of the Majority Lenders was obtained.

Examples of Unavailable Commitment in a sentence

• Each Unavailable Commitment shall automatically be restored at the end of the applicable calendar quarter, subject to Borrower's continuing rights to make temporarily reductions, or to terminate or permanently reduce unused portions of the Revolving Commitments, hereunder in accordance with the applicable provisions of this Section 2.7. For purposes of this Agreement, the face amount of each outstanding Letter of Credit shall constitute a used portion of the Revolving Commitments of the Banks.

• The term "Unavailable Commitment" shall mean an amount equal to the positive difference, if any, between the Total Commitment and the Available Commitment then in effect.

• At any time until the date which is the second anniversary of the Effective Date, the Borrower may redesignate all or any portion of the Unavailable Commitment as available for borrowing or the issuance of Letters of Credit by giving the Administrative Agent notice (a "Redesignation Notice") specifying the amount, in increments of $25,000,000, of the Unavailable Commitment which shall again be available for borrowing.

• The Agent shall not be deemed to have knowledge of the occurrence of a Default or Event of Default (other than the non-payment of principal of or interest on Loans or of Commitment Fees and Unavailable Commitment Fees) unless the Agent has received written notice from a Bank, the Issuing Bank or Borrower specifying the occurrence of such Default or Event of Default and stating that such notice is a "Notice of Default".

• The Borrower shall pay to the Agent for the account of each Bank a commitment fee at the rate of 3/8 of 1% per annum on the daily average unused amount of its Available Commitment and an additional commitment fee at the rate of 1/4 of 1% per annum on the daily average amount of its Unavailable Commitment.

More Definitions of Unavailable Commitment

Unavailable Commitment means $150,000,000 of the Commitment.

Unavailable Commitment means, at any time and in respect of any Credit Facility and any Financing Party, the aggregate Commitment of such Financing Party under such Credit Facility that is not available at such time as a result solely of the fact that the Term Conversion Date or the Initial Delivery Date has not theretofore occurred.

Unavailable Commitment shall have the meaning specified in Section 2.5(d) hereof.

Unavailable Commitment has the meaning set forth in SECTION 2.7.

Unavailable Commitment means, at any time and in respect of any Credit Facility and any Financing Party, the aggregate Commitment of such Financing Party under such Credit Facility that is not available at such time as a result solely of the fact that the Term Conversion Date or the Initial Delivery Date has not theretofore occurred. “Unfunded Pension Liability” of any Pension Plan shall mean the amount, if any, by which the value of the accumulated plan benefits under the Plan, determined on a plan termination basis, exceeds the fair market value of all plan assets allocable to such liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions).

Unavailable Commitment as defined in Section 2.4. "Uniform Customs": the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500, as the same may be amended from time to time. "Unrestricted Subsidiary":

Unavailable Commitment means the difference, if any, between $75,000,000 and the Commitments of all Banks.