Voluntary Commitment Reductions definition

Voluntary Commitment Reductions. Voluntary reductions of the total commitments may be made on a permanent basis, subject to minimum amounts and notice.
Sample 1

Examples of Voluntary Commitment Reductions in a sentence

  • Voluntary Commitment Reductions 39 2.1.11 Mandatory Prepayments and Commitment Reductions 39 2.1.12 General Provisions Regarding Payments 41 2.1.13 Ratable Sharing 42 2.1.14 Making or Maintaining Loans 42 2.1.15 Increased Costs; Capital Adequacy 43 2.1.16 Taxes; Withholding, etc.

  • In addition to the RC Commitment reductions specified in the preceding Subsection 1.1.3 (Voluntary Commitment Reductions), the RC Commitment shall be permanently reduced at such times as are set forth in Subsection 1.2.6 (Mandatory Prepayments).

  • The Borrower shall repay up to $20,000,000 of Loans, and make a Voluntary Commitment Reduction on such Loans, in one or more such repayments and Voluntary Commitment Reductions upon the receipt by the Borrower, after the date hereof, of cash proceeds of sales of assets, Principal Proceeds and Interest Proceeds.

  • ARTICLE IDefinitions and Terms 1.1. Definitions 2 1.2. Rules of Interpretation 27 ARTICLE IIThe Revolving Credit Facility 2.1. Revolving Loans 28 2.2. Payment of Interest 30 2.3. Payment of Principal 30 2.4. Manner of Payment 30 2.5. Notes 31 2.6. Pro Rata Payments 31 2.7. Voluntary Commitment Reductions 31 2.8. Conversions and Elections of Subsequent Interest Periods 32 2.9. Increase and Decrease in Available Amounts 32 2.10.

  • Voluntary Commitment Reductions and Prepayments 42 2.4 Allocation of Payments After Event of Default 44 2.5 Use of Proceeds 45 SECTION 3.

Related to Voluntary Commitment Reductions

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied), (ii) the aggregate principal amount of all outstanding Swing Line Loans and (iii) the Letter of Credit Usage.

  • LOC Committed Amount means, collectively, the aggregate amount of all of the LOC Commitments of the Lenders to issue and participate in Letters of Credit as referenced in Section 2.4 and, individually, the amount of each Lender’s LOC Commitment as specified in Schedule 2.1(a).

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Revolving Commitment Termination Date means the earliest of (i) November 3, 2017, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.9 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise); provided, that, with respect to any Extended Revolving Commitment (and the Extended Revolving Loans made pursuant thereto), the termination date set forth in the Extension Offer with respect thereto.

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A-3 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $60,000,000.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders, as adjusted from time to time in accordance with the terms hereof. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is SEVEN HUNDRED MILLION DOLLARS ($700,000,000.00).

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $150,000,000.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being US$250,000,000 at the date of this Agreement.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Total Commitments means the aggregate of the Commitments of all the Lenders.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).