Commitment Limits Sample Clauses

Commitment Limits. Company shall from time to time prepay the ----------------- Revolving Loans to the extent necessary so that the Total Utilization of Revolving Commitments shall not at any time exceed the Revolving Commitments then in effect. Company shall also from time to time prepay the Delayed Draw Term Loans to the extent necessary so that the Total Utilization of Delayed Draw Term Loan Commitments shall not at any time exceed the Delayed Draw Term Loan Commitments then in effect.

Commitment Limits. (a) The Accommodations Outstanding: (i) from all Lenders under the Credit Facility shall not at any time exceed the Commitment of the Lenders under the Credit Facility; and (ii) from each Lender under the Credit Facility shall not at any time exceed such Lender’s Commitment under the Credit Facility. (b) The Credit Facility is a non-revolving facility. Any repayment of any Accommodations shall result in a permanent reduction of the Credit Facility to the extent of such repayment. The Commitment of each Lender shall be reduced pro rata in the same proportion that the amount of the reduction of the Credit Facility bears to the amount of the Credit Facility in effect immediately prior to such reduction and the Borrower shall not be entitled to request any further Accommodations in respect of and to the extent of any such repayment.

Commitment Limits. The aggregate principal amount of ----------------- Revolving Loans and Term Loans which any Bank shall be committed to lend to Borrower shall not at any one time exceed such Bank's Commitment; and the aggregate amount of the Credit shall not at any one time exceed $200,000,000 (or such greater or lesser amount as may be determined pursuant to this Section ------- 1.1). Except as may be otherwise required by Section 5.6, no Bank's obligation --- ------- --- to make any Revolving Loan or Term Loan shall, the ratability provisions of Section 1.1.3 to the contrary notwithstanding, be affected by any other Bank's ------- ----- failure or inability to make any Revolving Loan or Term Loan.

Commitment Limits. Notwithstanding any other provision of this Agreement (a) the aggregate principal amount of the Revolving Loans which all Banks are committed to lend to the Company together with the Stated Amount of all Letters of Credit then outstanding shall not at any one time exceed the lesser of (i) the Borrowing Base or (ii) the following amounts (less in each case any reductions made pursuant to SECTION 6.1 or SECTION 6.3) during the following period: MONTH ENDING AMOUNT February 28, 1999 $140,000,000 March 31, 1999 $140,000,000 April 30, 1999 $135,000,000 May 31, 1999 $135,000,000 June 30, 1999 $135,000,000 July 31, 1999 $118,000,000 August 31, 1999 $115,000,000 September 30, 1999 $118,000,000 October 31, 1999 $115,000,000 November 30, 1999 $115,000,000 December 31, 1999 $110,000,000 January 31, 2000 $110,000,000 February 28, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ 5.2 of the Credit Agreement is amended to read in its entirety as follows:

Commitment Limits. Notwithstanding any other provision of this Agreement, (a) the Aggregate Revolving Outstandings shall not at any time exceed the Aggregate Revolving Commitment Amount, (b) the Stated Amount of all Letters of Credit shall not at any time exceed $20,000,000 and (c) the aggregate outstanding Dollar Equivalent principal amount of all Eurocurrency Loans denominated in a currency other than Dollars shall not exceed at any time $100,000,000.

Commitment Limits. The aggregate amount disbursed by the Participants hereunder (including all Capitalized Interest and Capitalized Yield) shall not exceed the aggregate Commitments. The aggregate amount disbursed by the Participants hereunder with respect to any Site or Facility shall not exceed the amount allocated to such Site and Facility on Schedule III-B or Schedule III-C, as applicable; provided, however, that the amount of the Commitment not allocated to either Developed Sites or Undeveloped Sites on Schedule III-B and Schedule III-C, respectively, shall be allocated to Sites upon the identification of each thereof in the following manner: (i) Upon the identification by Lessee, as Construction Agent, of such an unidentified Developed Site or an unidentified Undeveloped Site, Lessee shall send a written notice of such identification to Agent, which identification shall include Lessee's allocation of the amount of the then unallocated Commitments to Schedule III-B (in the case of a Developed Site) or Schedule III-C (in the case of an Undeveloped Site); (ii) The amount allocated to such Site shall be the least of (x) the amount set forth in Lessee's notice; (y) the Fair Market Sales Value of such Site (which, in the case of an Undeveloped Site, shall include the projected value thereof upon completion of the Facility thereon and the amount described in this clause (y) shall include the estimated amount of all Advances required to complete the construction of the Facility, in each case based upon the Plans and Specifications for such Facility) as established by the Appraisal with respect to such Site described in Section 3.2(n); and (z) the aggregate amount of the Commitments which has not then or theretofore been allocated to any other Site pursuant to this Section 2.5(b); (iii) The amount allocated to any other unidentified Site shall be similarly allocated by operation of the provisions of this Section 2.5(b); and (iv) Schedule III-B or Schedule III-C shall be deemed amended to include such Site and the amount of the allocation determined in accordance with clause (ii) of this Section 2.5(b). For any Advance Request made by Lessee after the occurrence of a Lease Event of Default, Agent shall have the right, but shall not be obligated, to cancel such Advance Request prior to the honoring of such Advance Request.

Commitment Limits. Notwithstanding any other provision of this Agreement (a) the aggregate principal amount of the Revolving Loans which all Banks are committed to lend to the Company is $100,000,000 LESS the aggregate Stated Amount of all Letters of Credit; (b) the aggregate Stated Amount of all Letters of Credit shall not at any time, exceed $20,000,000; PROVIDED, HOWEVER that the aggregate principal amount of all outstanding Revolving Loans PLUS the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $100,000,000 (less any reductions made pursuant to SECTION 6.1), and (c) the aggregate principal amount of each Bank's participation in the Revolving Loans shall not exceed the amounts set forth opposite such Bank's name in Column I of EXHIBIT A and the aggregate principal amount of each Bank's participation in all Letters of Credit shall not exceed the amounts set forth opposite such Bank's name in Column II of EXHIBIT A (less any reductions made pursuant to SECTION 6.1).

Commitment Limits. Notwithstanding any ----------------- other provision of this Agreement (a) the aggregate principal amount of the Revolving Loans which all Banks are committed to lend to the Company together with the Stated Amount of all Letters of Credit then outstanding shall not at any one time exceed the lesser of (i) the Borrowing Base or (ii) the following amounts (less in each case any reductions made pursuant to Section 6.1 or Section 6.3) as at or during the following dates or periods: DATE OR PERIOD AMOUNT -------------- ------ February 1, 1999 through March 31, 1999 $140,000,000 April 1, 1999 through November 29, 1999 $135,000,000 November 30, ▇▇▇▇ ▇▇▇▇

Commitment Limits. 19 2.4 Increase in the Aggregate Commitment....................... 19