US Revolving Loan Commitment definition
US Revolving Loan Commitment means (a) as to any US Revolving Lender, the aggregate commitment of such US Revolving Lender to make US Revolving Credit Advances as set forth on Annex I to the Agreement or in the most recent Assignment Agreement executed by such US Revolving Lender and (b) as to all US Revolving Lenders, the aggregate commitment of all US Revolving Lenders to make US Revolving Credit Advances, which aggregate commitment shall be Thirteen Million Five Hundred Thousand US Dollars (US$13,500,000), as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.
US Revolving Loan Commitment means, with respect to each US Revolving Lender, the commitment, if any, of such Lender to make US Revolving Loans hereunder during the Revolving Availability Period, expressed as an amount expressed in US Dollars representing the maximum potential aggregate amount of such Lender’s US Revolving Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 or 2.20(b) and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04 or 10.11(b). The initial amount of each US Revolving Lender’s US Revolving Loan Commitment is set forth opposite such Lender’s name in Schedule I directly below the column entitled “US Revolving Loan Commitment”, or in the Assignment and Assumption Agreement pursuant to which such Lender shall have assumed its US Revolving Loan Commitment, as applicable. The initial aggregate amount of the US Revolving Lenders’ US Revolving Loan Commitments is $75,000,000.
US Revolving Loan Commitment is defined in clause (a) of Section 2.1.1.
Examples of US Revolving Loan Commitment in a sentence
The Pro Rata Share of the US Revolving Loan of any US Revolving Lender shall not at any time exceed its separate US Revolving Loan Commitment.
All U.S. Revolving Loans shall be made by the U.S. Lenders pro rata on the basis of each U.S. Lender's U.S. Revolving Loan Commitment Percentage.
Without limiting the scope and nature of each U.S. Lender's participation in any U.S. Letter of Credit, to the extent that the Issuing Lender has not been reimbursed as required hereunder or under any such U.S. Letter of Credit, each such U.S. Lender shall pay to the Issuing Lender its U.S. Revolving Loan Commitment Percentage of such unreimbursed drawing in same day funds on the day of notification by the Issuing Lender of an unreimbursed drawing pursuant to the provisions of subsection (d) hereof.
The Borrowers’ right to reallocate the unused Canadian Revolving Loan Commitment Amount and the unused U.S. Revolving Loan Commitment Amount pursuant to, respectively, Sections 2.2.3 and 3.2.2 of the Credit Agreement is suspended.
Revolving Lenders, as the case may be, in accordance with their Pro Rata Share of the US Revolving Loan Commitment or Cdn.
More Definitions of US Revolving Loan Commitment
US Revolving Loan Commitment means $200,000,000 (U.S.) as such amount may be reduced in accordance with Section 2.10.
US Revolving Loan Commitment shall have the meaning set forth in the Credit Agreement.
US Revolving Loan Commitment means (a) as to any Lender, the aggregate commitment of such Lender to make US Revolving Credit Advances as set forth on Annex I to this Agreement or in the most recent Assignment Agreement executed by such Lender and (b) as to all Lenders, the aggregate commitment of all Lenders to make US Revolving Credit Advances, which aggregate commitment shall be FORTY MILLION DOLLARS ($40,000,000) as of the Fifth Amendment Effective Date, as such amount may be adjusted, if at all, from time to time in accordance with this Agreement.
US Revolving Loan Commitment means, relative to any Lender, such Lender’s obligation (if any) to make U.S. Revolving Loans pursuant to clause (b) of Section 2.1.1 in accordance with its U.S. Revolving Loan Percentage.
US Revolving Loan Commitment means $30,000,000 (U.S.), as such amount may be reduced in accordance with Section 2.10, plus, to the extent that the Canadian Revolving Loan Commitment in effect at the time a U.S. Revolving Loan is requested hereunder exceeds the outstanding Canadian Revolving Loans and LOC Obligations, an amount equal to such excess.
US Revolving Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Revolving Loans to U.S. Borrowers and acquire interests in U.S. Letter of Credit Obligations for the benefit of U.S. Borrowers and U.S. Swingline Loans, which initial commitments are set forth opposite such Lender's name in Schedule 1.1(a) under the heading "Revolving Loan Commitments", as such commitment may be (a) reduced from time to time pursuant to this Agreement, (b) increased or decreased from time to time pursuant to a Reallocation or (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to an Assignment.
US Revolving Loan Commitment means (a) as to any US Revolving Lender, the aggregate commitment of such US Revolving Lender to make or continue its Pro Rata Share of US Revolving Credit Advances or incur its Pro Rata Share of US Letter of Credit Obligations (including, in the ease of Swing Line Lender, its commitment to make Swing Line Advances as a portion of the US Revolving Loan Commitment) as set forth on Annex B to the Agreement or in the most recent Assignment Agreement executed by such US Revolving Lender and (b) as to all US Revolving Lenders, the aggregate commitment of all US Revolving Lenders to make US Revolving Credit Advances (including, in the case of a Swing Line Lender, Swing Line Advances) or incur US Letter of Credit Obligations, which aggregate commitment shall be TWENTY MILLION DOLLARS ($20,000,000) on the Closing Date, as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.