Examples of USD Commitment in a sentence
The Multi-Currency Commitment Amount and the USD Commitment Amount are separate commitments and operate independently of one another (except that USD Advances and Multi-Currency Advances are both secured by the Collateral and are pari passu with each other in priority of payment).
Any reduction of the Aggregate AC Commitments or the Aggregate USD Commitments shall be applied to the AC Commitment or USD Commitment, as applicable of each Lender according to its Applicable AC Percentage or its Applicable USD Percentage, as applicable.
Notwithstanding anything to the contrary contained herein, if at any time Bank of America assigns all of its USD Commitment and USD Loans under the USD Facility pursuant to subsection (b) above, Bank of America may, (i) upon thirty (30) days’ notice to Xxxxxxxxx and the Lenders, resign as L/C Issuer and/or (ii) upon thirty (30) days’ notice to Xxxxxxxxx, resign as Swing Line Lender.
The amount of any such Aggregate USD Commitment reduction shall not be applied to the Letter of Credit Sublimit or the Alternative Currency Letter of Credit Sublimit unless otherwise specified by Xxxxxxxxx.
Within the limits of each Lender’s USD Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(b), prepay under Section 2.06, and reborrow under this Section 2.01(b).