Aggregate Extensions of Credit definition

Aggregate Extensions of Credit means at any time, the aggregate amount of Extensions of Credit of the Banks outstanding at such time.
Sample 1Sample 2Sample 3
Aggregate Extensions of Credit at any particular time, the sum of (a) the aggregate then outstanding principal amount of the Revolving Credit Loans, (b) the aggregate then outstanding principal amount of the Bid Loans, (c) the aggregate amount then available to be drawn under all outstanding Letters of Credit, (d) the aggregate amount of Revolving L/C Obligations and (e) the aggregate then outstanding principal amount of the Swing Line Loans.
Sample 1Sample 2
Aggregate Extensions of Credit at any time, the sum of the aggregate principal amount of outstanding Term Loans and the Total Revolving Extensions of Credit.
Sample 1

Examples of Aggregate Extensions of Credit in a sentence

  • Notwithstanding the foregoing, in no event shall any Revolving Credit Loan or Swing Line Loan be made, or any Letter of Credit be issued, if, after giving effect to such making or issuance and the use of proceeds thereof as irrevocably directed by the Company, the Aggregate Extensions of Credit would exceed the aggregate Revolving Credit Commitments.

  • The Company will implement and maintain internal accounting controls to monitor the borrowings and repayments of Loans by the Company and the issuance of and drawings under Letters of Credit, with the object of preventing any request for an Extension of Credit that would result in the Aggregate Extensions of Credit being in excess of the Revolving Credit Commitments.

  • Within the limits and on the conditions hereinafter set forth with respect to Bid Loans, the Company from time to time may borrow, repay and reborrow Bid Loans; provided that no Bid Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, the Aggregate Extensions of Credit would exceed the aggregate amount of the Revolving Credit Commitments.

  • The Administrative Agent shall have received a Borrowing Base Certificate dated as of April 30, 2005 showing a Borrowing Base as of such date in excess of the Aggregate Extensions of Credit requested to be made on the Closing Date.

  • Within the limits and on the conditions hereinafter set forth with respect to Bid Loans, the Company from time to time may borrow, repay and reborrow Bid Loans; PROVIDED that no Bid Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, the Aggregate Extensions of Credit would exceed the aggregate amount of the Revolving Credit Commitments.

  • Within the limits and on the conditions hereinafter set forth with respect to Bid Loans, the Company from time to time may borrow, repay and reborrow Bid Loans; provided that no Bid Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, (A) the Aggregate Extensions of Credit would exceed the aggregate amount of the Revolving Credit Commitments or (B) the Foreign Currency Exposure would exceed $50,000,000.

Related to Aggregate Extensions of Credit

  • Revolving Extensions of Credit as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • Aggregate Outstanding Extensions of Credit as to any Lender with respect to any Type of Loan at any time, an amount equal to the sum of (a) the aggregate principal amount of all Loans of such Type made by such Lender then outstanding and (b) such Lender's Commitment Percentage of the L/C Obligations then outstanding.

  • Total Extensions of Credit at any time, the aggregate amount of the Extensions of Credit of the Lenders outstanding at such time.

  • Extensions of Credit means, as to any Lender at any time, (a) an amount equal to the sum of (i) the aggregate principal amount of all Revolving Credit Loans made by such Lender then outstanding, (ii) such Lender’s Revolving Credit Commitment Percentage of the L/C Obligations then outstanding, and (iii) such Lender’s Revolving Credit Commitment Percentage of the Swingline Loans then outstanding, or (b) the making of any Loan or participation in any Letter of Credit by such Lender, as the context requires.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is $350,000,000.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

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

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment as of the Closing Date is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $75,000,000. The Revolving Commitment of each Lender will be equal to zero on the Revolving Commitment Termination Date.

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

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

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

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

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

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • 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.