Aggregate Facility A Commitment definition
Examples of Aggregate Facility A Commitment in a sentence
Each Advance shall be in the minimum amount of $5,000,000 (and in multiples of $1,000,000 if in excess thereof) provided, however, that any Floating Rate Advance may be in the amount of the unused Aggregate Facility A Commitment or Aggregate Facility B Commitment (as applicable).
Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each notice of reduction of the Aggregate Facility A Commitment or Aggregate Facility B Commitment received by the Administrative Agent and will notify each Lender of a Facility of the contents of each Borrowing Notice, Conversion/Continuation Notice and repayment notice received by the Administrative Agent hereunder with respect to such Facility.
Amounts applied to the outstanding principal balance of Facility A shall reduce the Aggregate Facility A Commitment by the amount so applied, and amounts applied to the outstanding principal balance of the Facility B Revolver Loans shall reduce the Aggregate Facility B Commitment by the amount so applied.
Any increase in availability provided for in clause (ii) above shall apply, first, to the Aggregate Facility A Commitment until no portion thereof is any longer unavailable pursuant to the provisions of this Section 2.07(c) and then to the Aggregate Facility B Commitment until no portion thereof is any longer unavailable pursuant to the provisions of this Section 2.07(c).
If any reduction in the Aggregate Facility A Commitment or the Aggregate Facility B Commitment occurs between the date of this Assignment Agreement and the Effective Date, the percentage interest specified in Item 3 of Schedule 1 shall remain the same, but the dollar amount purchased shall be recalculated based on the reduced Aggregate Facility A Commitment or Aggregate Facility B Commitment, as the case may be.
The Facility A Commitment Fee shall be payable (A) quarterly in arrears on the last Business Day of each March, June, September and December during such period, commencing on the first such day following the Effective Date, (B) on the date of any reduction in the Aggregate Facility A Commitment (to the extent of such reduction) and (C) on the Facility A Maturity Date.
Simultaneously with each reduction of the Aggregate Facility A Commitment and Aggregate Facility B Commitment, the Borrower shall pay the Facility A Commitment Fee or Facility B Commitment Fee, as the case may be, accrued on the amount by which the Aggregate Facility A Commitment and Aggregate Facility B Commitment has been reduced.
Any temporary unavailability, increase in availability or permanent reduction in the Aggregate Facility A Commitment or Aggregate Facility B Commitment shall apply ratably to the Facility A Commitments and Facility B Commitments (as applicable).
The Borrower agrees to pay to the Administrative Agent, for the account of the Lenders in accordance with each Lender's Facility A Commitment Percentage, a fee (the "FACILITY A COMMITMENT FEE"), during the Facility A Commitment Period, at a rate per annum equal to the Commitment Fee Percentage on the average daily unused Aggregate Facility A Commitment.
Any temporary unavailability or permanent reduction of Commitments under this Section 2.07(c) shall apply first to the Aggregate Facility B Commitment and then to the Aggregate Facility A Commitment.