Allocated Commitment definition

Allocated Commitment has the meaning specified in Section 2.01(b).

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Allocated Commitment with respect to each Lender, the amount set forth opposite such ▇▇▇▇▇▇’s name on Schedule 1.1-A under the caption “Allocated Commitment”. The aggregate amount of the Lenders’ Allocated Commitments on the Closing Date is $325,000,000.

Allocated Commitment means, with respect to each Lender, the amount set forth opposite such Lender's name on Schedule IA2 to the Loan Agreement under the column designated as "Aircraft Commitment," "Gaming Commitment" or "Non-Gaming Commitment," as applicable to the Type of Equipment or the Aircraft to be funded by proceeds of the requested Advance.

Examples of Allocated Commitment in a sentence

• Within the limits of each Bank’s Allocated Commitment to a Borrower, such Borrower may from time to time borrow, repay pursuant to Section 2.06 or prepay pursuant to Section 2.09, and reborrow under this Section 2.01.

• Each Borrower’s Allocation, and each Bank’s Allocated Commitment with respect to such Borrower, shall remain in effect (i) from the Closing Date until the first Notice of Allocation becomes effective, and (ii) thereafter, from the date that the most recent Notice of Allocation became effective until the next subsequent Notice of Allocation becomes effective.

• Subject to Section 8.8, the Borrower agrees to pay to the Canadian Administrative Agent, for the account of each Canadian Bank, a Canadian facility fee on the average daily amount of such Canadian Bank’s Canadian Allocated Commitment, whether or not used, during any Canadian Allocation Period.

• The Sterling facility fee is due on the last UK Business Day of each March, June, September and December during any Sterling Allocation Period and on the last day of each Sterling Allocation Period, and on the date such UK Bank’s Sterling Allocated Commitment is terminated.

• Subject to Section 8.8, the Borrower agrees to pay to the UK Administrative Agent, for the account of each UK Bank, a Sterling facility fee on the average daily amount of such UK Bank’s Sterling Allocated Commitment, whether or not used, during any Sterling Allocation Period.

• The Canadian facility fee is due on the last Canadian Business Day of each March, June, September and December during any Canadian Allocation Period and on the last day of each Canadian Allocation Period, and on the date such Canadian Bank’s Canadian Allocated Commitment is terminated.

• For any reallocation, its or its branch’s or Affiliate’s Canadian Allocated Commitment will be reduced by the amount that its US Tranche Commitment is increased.

• Each of Caterpillar and CFSC shall pay to the Agent, for the account of each Bank, a fee (each a “Commitment Fee” and collectively, the “Commitment Fees”) calculated on a daily basis by multiplying the Commitment Fee Rate in effect on each day by the amount of such Bank’s unused Allocated Commitment for such Borrower as in effect on such day.

• So long as no Canadian Allocation Period exists, the Borrower may at any time permanently terminate its right to allocate a portion of the Total Committed Amount as the Canadian Allocated Total Commitment, at which time the obligations of the Canadian Borrower hereunder and the Canadian Guaranty shall automatically terminate, and thereafter no Bank nor its Canadian branch or Affiliate shall have any Canadian Allocated Commitment, nor shall any Canadian bank have any Canadian Commitment.

• So long as no Sterling Allocation Period exists, the Borrower may at any time permanently terminate its right to allocate a portion of the Total Committed Amount as the Sterling Allocated Total Commitment, at which time the obligations of the UK Borrower hereunder and the UK Guaranty shall automatically terminate, and thereafter no Bank nor its UK branch or Affiliate shall have any Sterling Allocated Commitment, nor shall any UK Bank have any Sterling Commitment.

More Definitions of Allocated Commitment

Allocated Commitment means, with respect to each Lender and any Project on any date, the commitment of such Lender on such date to make Loans in accordance with the terms of this Agreement and as set out in the applicable Project Approval, in an aggregate amount not to exceed such ▇▇▇▇▇▇’s Maximum Commitment Amount, as such amount may be increased or modified pursuant to the terms hereof.

Allocated Commitment means, with respect to each Lender and any Project on any date, the commitment of such Lender on such date to make Loans in accordance with the terms of this Agreement and as set out in the applicable Project Approval, in an aggregate amount not to exceed such Lender’s Maximum Commitment Amount, as such amount may be increased or modified pursuant to the terms hereof.