Common use of Commitment as a Lender Clause in Contracts

Commitment as a Lender. First Chicago and UBS each agrees to maintain at all times a Commitment of at least 10% of the Aggregate Commitment so long as First 80 Chicago remains as Administrative Agent; provided, that the foregoing agreement of First Chicago and UBS shall not apply at any time following a Monetary Default or Event of Default (irrespective of whether such Monetary Default or Event of Default subsequently is waived).

Appears in 1 contract

Sources: Unsecured Revolving Credit Agreement (First Industrial Realty Trust Inc)

Commitment as a Lender. First Chicago and UBS each agrees to maintain at all times a Commitment of at least 108.34% of the Aggregate Commitment so long as First 80 Chicago remains as Administrative Agent; provided, that the foregoing agreement of First Chicago and UBS shall not apply at any time following a Monetary Default or Event of Default (irrespective of whether such Monetary Default or Event of Default subsequently is waived).

Appears in 1 contract

Sources: Unsecured Revolving Credit Agreement (First Industrial Realty Trust Inc)