Revolving Commitment Amounts Clause Samples
The Revolving Commitment Amounts clause defines the maximum amount of credit that lenders agree to make available to a borrower under a revolving credit facility. In practice, this clause specifies the total commitment of each lender and may outline how these amounts can be increased, decreased, or reallocated among lenders over time. Its core function is to set clear borrowing limits and ensure all parties understand the extent of available credit, thereby preventing overextension and managing risk for both lenders and borrowers.
Revolving Commitment Amounts. Notwithstanding any other term of this Agreement, each Lender shall ensure that at all times its Revolving Commitment is not less than its Ancillary Commitment.
Revolving Commitment Amounts. Schedule 1.1 hereto is hereby added as Schedule 1.1 to the Credit Agreement in the correct numerical order.
