Total Revolving Commitments Sample Clauses
The 'Total Revolving Commitments' clause defines the maximum aggregate amount that lenders have agreed to make available to the borrower under a revolving credit facility. This clause specifies the total sum that can be drawn, repaid, and redrawn by the borrower during the life of the agreement, often including provisions for increases or decreases in the commitment amount. Its core practical function is to set a clear borrowing limit, ensuring both parties understand the maximum exposure and available credit, thereby managing risk and providing financial clarity.
Total Revolving Commitments. Notwithstanding anything else contained herein, the obligations of the Lenders to make Advances and of the Issuing Banks to issue Letters of Credit is subject to the condition that the Total Aggregate Outstanding Extensions of Credit shall not exceed the total of the Revolving Commitments.
Total Revolving Commitments. So long as no Default or Event of Default then exists, or would result therefrom, the Borrower Agent shall have the right at any time, and from time to time, to request one or more increases in the amount of the total U.S. Revolving Commitments in an aggregate amount not to exceed $200,000,000 or, if less, the amount by which $700,000,000 exceeds the total U.S. Revolving Commitments then in effect (such amount, the “Aggregate Incremental Capacity”). Anything contained herein to the contrary notwithstanding, the aggregate amount of Commitments and, without duplication, Loans outstanding hereunder at any time, including the aggregate amount of U.S. Revolving Commitment Increases but excluding any Permitted Foreign Facilities, shall not exceed $700,000,000 at any time.
Total Revolving Commitments. The sum of the aggregate amount of the outstanding Revolving Loans, plus the aggregate amount of the outstanding Swingline Loans plus the aggregate outstanding LC Exposure shall not exceed the aggregate Revolving Commitments then in effect.
Total Revolving Commitments. The definition of “Total Revolving Commitments”, as set forth in Section 1.01 of the Credit Agreement, is hereby amended and restated in its entirety as follows: