Acquisition Credit Commitment definition

Acquisition Credit Commitment means, as to any Lender, the obligation of such Lender to make Acquisition Loans in an aggregate principal amount at any time not to exceed the amount set forth opposite such Xxxxxx's name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Acquisition Credit Commitments of the Lenders aggregate the Acquisition Credit Limit on the date hereof.
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Acquisition Credit Commitment shall have the meaning assigned to such term in Paragraph 2.2 hereof.
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Examples of Acquisition Credit Commitment in a sentence

  • On or prior to the Closing Date, Borrower shall pay a fee of Thirty- One Thousand Five Hundred Dollars ($31,500) in the aggregate (the "Transaction Fee") to Bank, which fee is comprised of Ten Thousand Dollars ($10,000) in respect of the Revolving Credit Commitment, Thirteen Thousand Dollars ($13,000) in respect of the Acquisition Credit Commitment and Eight Thousand Five Hundred Dollars ($8,500) in respect of the Term Credit Commitment.

  • The Acquisition Credit Commitment Fee shall be determined by multiplying the Applicable Fee Percentage times the average daily amount of the unused Acquisition Credit Aggregate Commitment then in effect.

  • Upon receipt of such payment, Agent shall make prompt payment to each Acquisition Credit Lender of its share of the Acquisition Credit Commitment Fee based upon its respective Acquisition Credit Percentage.

  • Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make loans (individually, a "Acquisition Loan" and collectively, the "Acquisition Loans") in Canadian Dollars or U.S. Dollars to the Borrower up to the amount of such Xxxxxx's Acquisition Credit Commitment, subject to any increases or reductions thereof pursuant to the terms hereof, on the Original Closing Date.

  • On the terms and subject to the conditions set forth in this Agreement, Bank agrees to make the Acquisition Loan in the principal amount of NINE HUNDRED THOUSAND DOLLARS ($900,000) (such agreement being herein called the "Acquisition Credit Commitment").

  • It is expressly understood that the Acquisition Credit Commitment Fees described in this Section are not refundable under any circumstances.

  • The Acquisition Loan made by Bank under the Acquisition Credit Commitment shall be evidenced by the Acquisition Note substantially in the form set forth in Exhibit B, with appropriate insertions, dated the date hereof, payable to the order of Bank.

  • The Lenders agree that the Acquisition Credit Commitment Fee and the Revolving Credit Commitment Fee shall reflect the foregoing permanent reductions in the Maximum Amount of Acquisition Credit and the Maximum Amount of Revolving Credit, respectively.

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  • The Acquisition Credit Commitment Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed.

Related to Acquisition Credit Commitment

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) 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 2.01 under the caption “Revolving Credit Commitment” or opposite such caption 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.

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Initial Revolving Credit Commitment means, with respect to any Person, the commitment of such Person to make Initial Revolving Loans (and acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on the Commitment Schedule, or in the Assignment Agreement pursuant to which such Person assumed its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 or 2.19, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05 or (c) increased pursuant to Section 2.22. The aggregate amount of the Initial Revolving Credit Commitments as of the Closing Date is $75,000,000.

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

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.