Aggregate Revolving Commitment definition
Examples of Aggregate Revolving Commitment in a sentence
If the Borrower elects to increase the Aggregate Revolving Commitment by increasing the Revolving Commitment of an existing Lender, the Borrower and such Lender shall execute and deliver to the Administrative Agent an agreement substantially in the form of Exhibit G (a “Commitment Increase Agreement”) or in such other form, including an amendment to this Agreement, otherwise acceptable to the Administrative Agent.
If the Borrower elects to increase the Aggregate Revolving Commitment by causing an additional Lender to become a party to this Agreement and there is no increased Revolving Commitment by an existing Lender, then the Borrower and such additional Lender shall execute and deliver to the Administrative Agent an agreement substantially in the form of Exhibit H (an “Additional Lender Agreement”) or in such form, including an amendment to this Agreement, otherwise acceptable to the Administrative Agent.
The authority of the Administrative Agent to make Overadvances is limited to an aggregate amount not to exceed 10% of the Aggregate Revolving Commitment at any time; provided that, the aggregate amount of Overadvances and Protective Advances shall not collectively exceed 10% of the Aggregate Revolving Commitment nor shall it result in the Aggregate Revolving Exposure exceeding the Aggregate Revolving Commitment.