Aggregate Commitment definition

Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Aggregate Commitment means the aggregate of the Commitments of all the Lenders, as reduced from time to time pursuant to the terms hereof.

Aggregate Commitment means the aggregate amount of the Lenders' Commitments hereunder, as such amount may be increased or reduced at any time or from time to time pursuant to Section 2.5. On the Closing Date, the Aggregate Commitment shall be Fifty Million Dollars ($50,000,000).

Examples of Aggregate Commitment in a sentence

The Borrower may from time to time prepay, without penalty or premium, all outstanding Advances on the Term Loans, or any portion thereof in increments of $5,000,000, on any Business Day upon notice to the Agent by no later than 11:00 a.m. two Business Days prior to the date of such prepayment; provided, however, any such prepayment of the Term Loans shall cause a reduction in the Aggregate Commitment for Revolving Loans in an amount equal to the amount of the prepayment of the Term Loans.
Each Advance of Revolving Loans shall be in the minimum amount of $1,000,000 (and in multiples of $100,000 if in excess thereof); provided that any Advance of Revolving Loans may be in the amount of the unused Aggregate Commitment.
An Advance of the entire amount of the initial Aggregate Commitment for Term Loans shall be made as ofOn the Closing Date, the Lenders made an Advance of Term Loans in the aggregate principal amount of $60,000,000.
The Borrower agrees to pay to the Agent for the account of each Lender (subject, with respect to any Defaulting Lender, to the limitations set forth in Section 2.24.1(iii)) a fee (the "Non-Use Fee"), determined on a daily basis by applying a per annum rate equal to 0.20% to the net availability of the Aggregate Commitment for Revolving Loans as of such day.
Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder.

More Definitions of Aggregate Commitment

Aggregate Commitment means the sum of the Commitments of all the Lenders.

Aggregate Commitment means the aggregate of the Commitments of all the Lenders, as increased or reduced from time to time pursuant to the terms hereof.

Aggregate Commitment means the aggregate amount of the Commitments of all Banks.

Aggregate Commitment means, at any time, the sum of the Commitments then in effect.

Aggregate Commitment the total of all Commitments of all Lenders, as may be reduced from time to time in accordance with the terms of this Agreement. On the Closing Date, the Aggregate Commitment shall be equal to $950,000,000.

Aggregate Commitment means the aggregate of the Commitments of all the Lenders hereunder. The initial Aggregate Commitment is $35,000,000.