Advance Loan Commitment definition
Advance Loan Commitment set forth in Section 1.01 of the Credit Agreement is hereby amended to read in its entirety as follows:
Advance Loan Commitment means, as to any Lender, the obligation, if any, of such Lender to make Advance Loans in an aggregate principal amount at any one time outstanding up to (but not exceeding) the amount, if any, set forth opposite such Lender's name on the signature pages hereof under the caption "Advance Loan Commitment", or otherwise provided for in an Assignment and Acceptance Agreement (as the same may be reduced from time to time pursuant to Section 2.3 hereof).
Advance Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Advance Loans hereunder, expressed as an amount representing the maximum principal amount of the Advance Loans to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The amount of each Lender’s Advance Loan Commitment as of , 2017 is set forth on Schedule 2.01A. The aggregate amount of the Lenders’ Advance Loan Commitments as of , 2017 is $0.
Examples of Advance Loan Commitment in a sentence
Such advance loan commitment fees shall be computed (on the basis of the actual number of days elapsed in a year composed of 360 days) on each day and shall be based on the excess of (x) the aggregate amount of each Advance Loan Lender's Advance Loan Commitment for such day over (y) the aggregate unpaid principal balance of such Lender's Advance Notes on such day.
Each reference to the aggregate Protective Advance Loan Commitments shall be deemed to be a reference to the amended aggregate Protective Advance Loan Commitments of $17,700,000 and each reference to a Lender’s Protective Advance Loan Commitment shall be deemed to be a reference to such amount set forth next to such Lender’s name on Exhibit A attached to this Amendment.
More Definitions of Advance Loan Commitment
Advance Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Advance Loans hereunder, expressed as an amount representing the maximum principal amount of the Advance Loans to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Advance Loan Commitment is set forth on Schedule 2.01A, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Advance Loan Commitment, as applicable. The initial aggregate amount of the Lenders’ Advance Loan Commitments is $50,000,000.
Advance Loan Commitment means, as to each Lender, its obligation to make Advance Loans to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the lesser of (i) the amount set forth opposite such Lender's name on Schedule 2.01 under the caption "Advance Loan Commitment" or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto (but such amount may not be less than the Advance Loan Commitment of the transferring Lender), as applicable, as such amount may be adjusted from time to time in accordance with this Agreement, and (ii) such Lender's Pro Rata Percentage of the lesser of (A) (x)$l,OOO,OOO,OOO, minus (y) the amount of the Authorized Overage Loan Commitment then in effect, and.