Yen Commitment definition

Yen Commitment means, with respect to each Yen Lender, the commitment of such Yen Lender to make Revolving Yen Loans, expressed as an amount representing the maximum aggregate Dollar Equivalent of the principal amount of such Yen Lender’s outstanding Revolving Yen Loans that may be outstanding after giving effect to any such Revolving Yen Loan, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Yen Lender pursuant to Section 10.04. The initial amount of each Yen Lender’s Yen Commitment is set forth on Schedule 2.01(c) or in the Assignment and Assumption pursuant to which such Yen Lender shall have assumed its Yen Commitment, as applicable.

Yen Commitment means, with respect to each Yen Fronting Lender, the commitment of such Yen Fronting Lender to make Yen Loans hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 or Section 2.18 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Yen Fronting Lender's Yen Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Yen Commitment, as applicable.

Yen Commitment means, with respect to each Lender, the commitment of such Lender to make Yen Revolving Loans, as such commitment may be (a) reduced from time to time pursuant to Section 2.9 or (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.4. The initial amount of each Lender’s Yen Commitment is set forth on Schedule 2.1, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Yen Commitment, as applicable. The Yen Commitment is a part of, but not in addition to, each Lender’s Dollar Commitment.

Examples of Yen Commitment in a sentence

• Any reduction of the Aggregate Revolving Commitment to zero shall be accompanied by payment of all outstanding Revolving Credit Loans, Japanese Yen Loans, Swingline Loans and Reimbursement Obligations (and furnishing of cash collateral satisfactory to the Administrative Agent for all L/C Obligations) and shall result in the termination of the Aggregate Revolving Commitment, the Japanese Yen Commitment, the Swingline Commitment and the L/C Facility.

• Any reduction of the Aggregate Commitment to zero shall be accompanied by payment of all outstanding Revolving Credit Loans, Japanese Yen Loans, Swingline Loans and Reimbursement Obligations (and furnishing of cash collateral satisfactory to the Administrative Agent for all L/C Obligations) and shall result in the termination of the Aggregate Commitment, the Japanese Yen Commitment, the Swingline Commitment, the L/C Facility and the Credit Facility.

• Within the limits of each Yen Lender’s Yen Commitment, Yen Borrowers may borrow under this Section 5.1, prepay under Section 5.6, and reborrow under this Section 5.1. Yen Committed Loans may be Base Rate Loans (if denominated in Dollars), ABR Rate Loans (if denominated in Yen), or Eurocurrency Rate Loans, as further provided herein.

• Within the limits of each Yen Lender’s Yen Commitment, Yen Borrowers may borrow under this Section 4.1, prepay under Section 4.5 and reborrow under this Section 4.1. Yen Committed Loans may be Base Rate Loans (if denominated in Dollars), ABR Rate Loans (if denominated in Yen) or Eurocurrency Rate Loans, as further provided herein.

• Within the limits of each Yen Lender’s Yen Commitment, Yen Borrowers may borrow under this Section 4.1, prepay under Section 4.4 and reborrow under this Section 4.1. Yen Loans may be Base Rate Loans (if denominated in Dollars), ABR Rate Loans (if denominated in Yen), Eurocurrency Rate Loans or, solely upon the occurrence of an event described in Section 7.2 or 7.3, Substitute Rate Loans, as further provided herein.

More Definitions of Yen Commitment

Yen Commitment means, as to each Yen Lender, its obligation to (a) make Yen Committed Loans to Yen Borrowers pursuant to Section 4.1, (b) purchase participations in Yen Fronting Loans to the extent such Yen Lender is a Yen Non-Qualified Lender and (c) purchase participations in Yen L/C Obligations, in the Yen Equivalent aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Yen Lender’s name on the most recent Schedule 2.1(c), prepared by Global Administrative Agent or Yen Funding Agent (or if the applicable assignment occurred after such preparation, in the most recent Assignment and Assumption to which such Yen Lender is a party), as such amount may be adjusted from time to time in accordance with this Agreement.

Yen Commitment means, as to each Yen Lender, its obligation to (a) make Yen Loans to Yen Borrowers pursuant to Section 4.1 and (b) purchase participations in Yen Fronting Loans to the extent such Yen Lender is a Yen Non-Qualified Lender, in the Yen Equivalent aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Yen Lender’s name on the most recent Schedule 2.1(c), prepared by Administrative Agent (or if the applicable assignment occurred after such preparation, in the most recent Assignment and Assumption to which such Yen Lender is a party), as such amount may be adjusted from time to time in accordance with this Agreement.

Yen Commitment means, with respect to each Yen Lender, the amount set forth opposite the name of such Yen Lender on the Yen Commitment Schedule attached hereto (or in the case of an Assignee, the portion of the transferor Yen Lender's Commitment assigned to such Assignee pursuant to Section 12.6(c)), in each case as such amount may be reduced from time to time pursuant to Section 3.9 or changed as a result of an assignment pursuant to Section 12.6(c).

Yen Commitment means a Tranche One Yen Commitment or a Tranche Two Yen Commitment, as applicable.

Yen Commitment means, (a) with respect to any 5-Year Term Lender at any time, the amount set forth opposite such 5-Year Term Lender’s name on Schedule IB hereto under the caption “Yen Commitment” or (b) if such 5-Year Term Lender has entered into one or more Assignment and Acceptances or Lender Accession Agreements, set forth for such 5-Year Term Lender in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such 5-Year Term Lender’s “Yen Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.04 or increased pursuant to Section 2.15.

Yen Commitment means a Three-Year Yen Commitment or a Five-Year Yen Commitment, as applicable.

Yen Commitment means, as to each Yen Lender, its obligation to make Committed Loans in Yen to the Yen Borrower pursuant to Section 2.01, in anaggregate amount not to exceed the Dollar Equivalent of the amount set forth opposite such Lender’s name on Schedule 2.01 as its “Yen Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time inaccordance with this Agreement.