Aggregate Revolving Commitment definition
Examples of Aggregate Revolving Commitment in a sentence
In such event, the Company shall be deemed to have requested a Borrowing of Revolving Loans that are Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.03 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Revolving Commitment and the conditions set forth in Section 5.02 (other than the delivery of a Notice of Borrowing).
The amount of any such Aggregate Revolving Commitment reduction shall not be applied to the Alternative Currency Sublimit or the Letter of Credit Sublimit unless otherwise specified by the Company.
Once reduced in accordance with this Section 2.09, the Aggregate Revolving Commitment may not be increased, except as provided in Section 2.20.
If, after giving effect to any reduction of the Aggregate Revolving Commitment, the Swing Line Sublimit exceeds the amount of the Aggregate Revolving Commitment, the Swing Line Sublimit shall be automatically reduced by the amount of such excess.
The Company will, not later than five Business Days prior to the scheduled Revolving Termination Date (or, if earlier, the date of termination or reduction to zero of the Aggregate Revolving Commitment), cause each Letter of Credit to be a Supported Letter of Credit.