US Commitments Clause Samples
US Commitments. The US Borrower shall have the right, upon at least three Business Days’ irrevocable notice to the US Administrative Agent, to terminate in whole or reduce in part the unused portion of the US Commitments; provided that each partial reduction shall be in a minimum amount of $1,000,000 and in integral multiples of $1,000,000 in excess thereof (or the remaining amount of the US Commitments, if less). Any reduction or termination of the US Commitments pursuant to this Section 2.1(c)(i) shall be applied ratably to each US Facility Lender’s US Commitment and shall be permanent, with no obligation of the US Facility Lenders to reinstate such US Commitments, and the applicable Commitment Fees shall thereafter be computed on the basis of the US Commitments, as so reduced; provided that a notice of termination of the US Commitments delivered by the US Borrower may state that such notice is conditioned upon the effectiveness of other transactions, in which case such notice may be revoked by the US Borrower (by notice to the US Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.
US Commitments. The US Borrower shall have the right, upon at least three Business Days’ notice to the US Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the US Commitments; provided that each partial reduction shall be in the aggregate amount of $1,000,000 and in integral multiples of $1,000,000 in excess thereof. Any reduction or termination of the US Commitments pursuant to this Section shall be permanent, with no obligation of the US Lenders to reinstate such US Commitments, and the Commitment Fees shall thereafter be computed on the basis of the US Commitments, as so reduced.
US Commitments. On the terms and subject to the conditions of this Agreement (including Sections 2.1.4, 2.1.5, Article IV and Article VII),
(a) each US Lender severally agrees to make US Loans (other than US Swing Line Loans) pursuant to the US Commitments, and the US Swing Line Lender agrees to make US Swing Line Loans pursuant to the US Swing Line Loan Commitment, in each case as described in this Section 2.1; and
(b) the US Issuer agrees that it will issue US Letters of Credit pursuant to Section 2.1.2, and each US Lender severally agrees that it will purchase participation interests in such US Letters of Credit pursuant to Section 4.1.
1. Such agreements of each US Lender are referred to collectively as its "US Commitment", and all US Commitments of US Lenders are referred to collectively as the "US Credit Facilities".