Acquisition Revolving Commitment means, with respect to each Lender, the commitment of such Lender to make Acquisition Revolving Loans to the Borrower in an aggregate principal amount not exceeding the amount set forth with respect to such Lender on Schedule I, or in the case of a Person becoming a Lender after the Effective Date, the amount of the assigned "Acquisition Revolving Commitment" as provided in the Assignment and Acceptance executed by such Person as an assignee, or the joinder executed by such Person, in each case as such commitment may subsequently be increased or decreased pursuant to terms hereof.
Examples of Acquisition Revolving Commitment in a sentence
No Lender (or any successor thereto) shall have any obligation, express or implied, to offer to increase the aggregate principal amount of its Working Capital Revolving Commitment or Acquisition Revolving Commitment or provide an Incremental Term Loan Commitment, and any decision by a Lender to increase its Working Capital Revolving Commitment or Acquisition Revolving Commitment or provide an Incremental Term Loan Commitment shall be made in its sole discretion independently from any other Lender.
Unless previously terminated, all Acquisition Revolving Commitments shall terminate on the Final Acquisition Revolving Commitment Termination Date.
The first sentence of Section 2.5(c) of the Credit Agreement is hereby amended by adding the following phrase directly after the phrase at any time exceeds the Total Acquisition Revolving Commitment: (including upon the conclusion of any Reallocation Period).
During the Acquisition Revolving Commitment Period the Borrower may use the Acquisition Revolving Commitments by borrowing, prepaying the Acquisition Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee (the "Commitment Fee"), which shall accrue at the Applicable Margin on (i) the actual daily amount of the unused Acquisition Revolving Commitment of such Lender during the Acquisition Availability Period and (ii) the actual daily amount of the unused Working Capital Revolving Commitment of such Lender during the Working Capital Availability Period.