BASE FACILITY CREDIT COMMITMENT Sample Clauses
The Base Facility Credit Commitment clause defines the maximum amount of credit that a lender agrees to make available to a borrower under a loan agreement. This clause specifies the total principal that can be drawn, often outlining the conditions under which funds may be accessed and any limitations on usage. For example, it may state that the borrower can draw up to a certain amount, subject to compliance with covenants or other requirements. Its core function is to set clear financial boundaries for both parties, ensuring that the lender's exposure is capped and the borrower understands the extent of available funding.
BASE FACILITY CREDIT COMMITMENT. The sum of the aggregate unpaid principal balance of Base Facility Advances Outstanding at any time shall not exceed the Base Facility Credit Commitment.
BASE FACILITY CREDIT COMMITMENT. Subject to the terms, conditions and limitations of this Agreement, the Lender agrees, from time to time during the Base Facility Availability Period, after delivery of a Request for an Advance from the Borrower, to make one or more Advances to the Borrower in accordance with Section 4.01. Each Advance made to the Borrower pursuant to this subsection (b)(2) shall be referred to as a "BASE FACILITY ADVANCE." The Borrower may not re-borrow any part of the Base Facility Advance which it has previously borrowed and repaid.
BASE FACILITY CREDIT COMMITMENT. Subject to the terms, conditions and limitations of this Agreement, the Lender agrees to make Advances to the Borrower in the aggregate amount of the Base Facility Credit Commitment. Each Advance made to the Borrower pursuant to this subsection (b)(2) shall be referred to as a "
BASE FACILITY CREDIT COMMITMENT. After giving effect to the proposed increase, the Base Facility Credit Commitment shall not exceed $200,000,000.
BASE FACILITY CREDIT COMMITMENT. Subject to the terms, conditions and limitations of this Article, the Lender agrees to make an Advance to the Borrowers in the amount of the Base Facility Credit Commitment. The Initial Advance shall be made in the manner set forth in clauses (1) through (7) of Recital H to this Agreement. Each Advance made to the Borrowers pursuant to this subsection (b)(2) shall be referred to as a "BASE FACILITY ADVANCE." The Borrowers may not re-borrow any part of the Base Facility Advance which it has previously borrowed and repaid. Each Base Facility Advance shall be evidenced by a new Base Facility Note of one or more Borrowers (or an amendment to one or more existing Base Facility Notes) as designated in a Future Advance Request or, if in connection with a Conversion Request, comprised of the aggregate of separate Advances to each of the Borrowers, in proportion to the respective then-outstanding principal amounts of their separate Base Facility Notes, and any reference to a Base Facility Advance shall mean the aggregate of such separate Advances.