Accordion Commitment definition

Accordion Commitment means, with respect to any Lender Group, the aggregate amount of any increase in such Lender Group’s Commitment pursuant to Section 2.02(c) of the Funding Agreement consented to by the applicable Managing Agent on behalf of the Lenders in such Lender Group.
Sample 1Sample 2Sample 3
Accordion Commitment means the commitments of the Accordion Lenders to fund the Accordion Amount as set forth in subsection 2.1(f).
Sample 1Sample 2
Accordion Commitment means Fifty Million Dollars ($50,000,000).
Sample 1Sample 2

Examples of Accordion Commitment in a sentence

  • Approval of the Minutes of the February 16, 2021 Special Council Meeting—waive reading of the same.Item 2Item 37:05 p.m.7:10 p.m. ITEMS FROM THE PUBLIC: CONSENT AGENDA: A.

  • The commitment fees payable by Borrower pursuant to this subsection are collectively referred to as the "Accordion Commitment Fee").

  • Lender has received from Borrower the notice of Borrower's election to activate the Accordion Facility setting forth the Initial Accordion Amount, as provided in Section 2.2, and the applicable Accordion Commitment Fee has been paid to Lender.

  • Borrower's payment of the Accordion Commitment Fee to Lender is and shall be in addition to all other payments (including without limitation principal and interest) now or hereafter payable to Lender pursuant to the Accordion Note and this Agreement.

  • During the Accordion Commitment Period, subject to the terms and conditions hereof, Lender agrees to make Accordion Advances in Dollars to Borrower from time to time in a principal amount not to exceed the lesser of (i) Effective Accordion Note Amount or (ii) up to TWENTY MILLION DOLLARS ($20,000,000) (the "Accordion Committed Amount") to finance working capital needs, the issuance of Letters of Credit and other general corporate purposes, including Acquisitions.

  • Upon a request by Company hereunder, each Accordion Lender shall increase its Commitment by an amount equal to its Accordion Commitment.

  • The amount of each Accordion Lender's Accordion Commitment is set forth opposite its name on Schedule 2.1 annexed hereto.

  • The amount of each Accordion Lender's Accordion Commitment is set forth opposite its name on Schedule C-1 annexed hereto.

  • The Agent and the Company hereby designate this Accordion Commitment Notice as a Finance Document for the purposes of the Facility Agreement.

  • If there is an Accordion Shortfall relating to a Proposed Accordion Size set out in an Accordion Proposal (whether resulting from the operation of clause 9.6 above or otherwise), the Company shall invite each Participating Lender under that Accordion Proposal to increase the proposed Accordion Commitment offered by it in respect of the increase in the Total Revolving Facility Commitments proposed in that Accordion Proposal by an amount no greater than its Accordion Proportion of that Accordion Shortfall.


More Definitions of Accordion Commitment

Accordion Commitment means, as applicable, that portion of any Lender’s commitment issued or increased under Section 2.15.
Sample 1
Accordion Commitment means in relation to a Lender which is an Accordion Lender, the amount set opposite its name under the heading “Accordion Commitment” in the relevant Accordion Notice and the amount of any other Accordion Commitment relating to the Facilities transferred to it under this Agreement or assumed by it in accordance with clauses 2.3 to 2.11 (Increase) to the extent not cancelled, reduced or transferred by it under this Agreement.
Sample 1
Accordion Commitment means, as to each Person which has elected, in its sole and absolute discretion, in writing to become an Accordion Lender, its obligation to make Accordion Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on a schedule to be provided upon the inclusion of the Accordion Facility hereto, as such amount may be adjusted from time to time in accordance with this Agreement.
Sample 1
Accordion Commitment has the meaning given to that term in Clause 2.2 (Accordion Increase in Commitments). EXECUTION VERSION Accordion Increase has the meaning given to that term in Clause 2.2 (Accordion Increase in Commitments).
Sample 1
Accordion Commitment has the meaning set out in Section 2.20(a).
Sample 1

Related to Accordion Commitment

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Loan Commitment has the meaning set forth in Section 2.1.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Facility A Commitment means, with respect to each Facility A Lender, the commitment, if any, of such Lender to make Facility A Revolving Loans and to acquire participations in Facility A Letters of Credit, Facility A Protective Advances and Facility A Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility A Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility A Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility A Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility A Commitments is $150,000,000.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.