Commitment Amounts Clause Samples
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Commitment Amounts. 2 SECTION 1.3. Termination of Commitments................................ 2 SECTION 1.4. Commitment Fee............................................ 3 SECTION 1.5. Special Term Loan......................................... 4
Commitment Amounts. Notwithstanding any other term of this Agreement, each Lender shall ensure that at all times its Commitment is not less than:
(a) its Ancillary Commitment; and
(b) the Ancillary Commitment of its Affiliates, in each case, excluding for these purposes any reduction in such Lender’s Commitment attributable to such Ancillary Commitment pursuant to Clause 7.3(a) (Availability).
Commitment Amounts. Notwithstanding any other term of this Agreement each Facility 2 Lender shall ensure that at all times its Facility 2 Participation is not less than the aggregate of its Pre-settlement Maximum Amounts.
Commitment Amounts. Notwithstanding Section 2.06 hereof, if, prior to the Closing Date, Atlas completes and receives proceeds in excess of $275 million from an offering of any of its equity securities (other than the offering contemplated by this Agreement) (a “Qualified Equity Offering”), Purchaser’s Commitment Amount shall automatically be reduced by an amount equal to the amount of proceeds raised in the Qualified Equity Offering in excess of $275 million. Atlas shall amend Schedule 2.01 accordingly to reflect such reduction.
Commitment Amounts. Each of the Term Loan Commitment (Term A), Term Loan Commitment (Term B) and Acquisition Loan Commitment are hereby reduced to the current outstanding balance thereof as set forth on Schedule 1 hereto.
Commitment Amounts. Notwithstanding any other term of this Agreement, each Lender shall ensure that at all times its Original Revolving Facility Commitment or Additional Revolving Facility Commitment or Refinancing Revolving Facility Commitment (as applicable) is not less than:
(a) its Ancillary Commitment; or
(b) the Ancillary Commitment of its Affiliate.
Commitment Amounts. The aggregate amount of each DIP Loan Commitment shall be as set forth in this Section.
(a) The maximum aggregate principal amount (the "DIP Loan Commitment Amount") of all DIP Loan Commitments for all Banks on any date prior to the Termination Date shall be the lesser of:
(i) the excess, if any, of (A) the sum of (I) the Borrowing Base plus (II) the Overadvance on any such date over (B) the sum of the aggregate outstanding principal amount of the (I) Advances plus (II) Second Revolving Credit Advances plus (III) L/C Liability plus (IV) Cash Collateral Loans, on any such date, or (ii) on any such date occurring (A) from the Effective Date through and including July 29, 1997, $10,000,000; (B) from July 30, 1997 through and including August 26, 1997, $14,400,000;(C) from August 27, 1997 through and including September 30, 1997, $20,900,000; (D) from October 1, 1997 through and including October 28, 1997, $23,900,000; (E) from October 29, 1997 through and including November 25, 1997, $27,100,000; (F) from November 26, 1997 through and including December 31, 1997, $30,000,000; (G) from January 1, 1998 and thereafter, $50,000,000.
(b) At their option, the Borrowers may reduce the DIP Loan Commitment Amount upon five Business Days' prior written notice to the Agent.
Commitment Amounts. 2.02(b)(iv) Release of Parent and the Seller
Commitment Amounts. The amount:
(a) of the Term Commitment (herein called the "Term Commitment Amount") shall be $1,000,000, less all reductions to such amount:
(i) occurring automatically and without other or further action upon the date the Term Loan is made (and immediately after giving effect thereto), to the extent of the excess, if any, of the Term Commitment Amount over the unpaid principal amount of the Term Loan;
(ii) occurring automatically and without other or further action upon any voluntary prepayment of the Term Note by Borrower pursuant to Section 2.6, to the extent of such prepayment; and
(b) of the Credit Commitment (herein called the "Credit Commitment Amount") on any date prior to the Credit Commitment Termination Date shall be $6,000,000, less all reductions to such amount made voluntarily by Borrower (in minimum aggregate amounts of $10,000 or integral multiples thereof) from time to time (but not more often than once per week) or in full at any time, in either case on at least ten (10) Business Days' prior Notice to the Bank (which Notice shall be irrevocable).
Commitment Amounts. Notwithstanding any other term of this Agreement each Facility 3 Lender shall ensure that at all times its Facility 3 Participation is not less than the aggregate of its Commodity Hedging Facility Maximum Amounts.
