Assigned Commitments definition

Assigned Commitments means the Commitments of Non-Extending Lenders to be replaced pursuant to Section 2.15(b)(ii)(2)(Y).

Assigned Commitments has the meaning set forth in Section 2 hereof;

Assigned Commitments means the Commitments of Non-Extending Lenders to be replaced pursuant to Section 2.15(b)(ii)(B)(2). “Assignees” means, at any time, Increasing Lenders and, if the Assigned Commitments exceed the aggregate amount of the Proposed Additional Commitments, one or more New Lenders. “Assignment Date” means the Anniversary Date or such earlier date as shall be acceptable to the U.S. Borrower, the relevant Assignors, the relevant Assignees and the Administrative Agent. “Assignors” means, at any time, the Lenders to be replaced by the U.S. Borrower pursuant to Section 2.15(b)(ii)(B)(2). The “Assumed Commitment” of each Assignee shall be determined as follows: (a) If the aggregate amount of the Proposed Additional Commitments of all of the Increasing Lenders shall exceed the aggregate amount of the Assigned Commitments, then (i) the amount of the Assumed Commitment of each Increasing Lender shall be equal to (x) the aggregate amount of the Assigned Commitments multiplied by (y) a fraction, the numerator of which is equal to such Increasing Lender’s Commitment as then in effect and the denominator of which is the aggregate amount of the Commitments of all Increasing Lenders as then in effect; and (ii) no New Lender shall become a Lender hereunder pursuant to Section 2.15(c). (b) If the aggregate amount of the Proposed Additional Commitments of all of the Increasing Lenders shall be less than or equal to the aggregate amount of the Assigned Commitments, then: (i) the amount of the Assumed Commitment of each Increasing Lender shall be equal to such Increasing Lender’s Proposed Additional Commitment; and (ii) the excess, if any, of the aggregate amount of the Assigned Commitments over the aggregate amount of the Proposed Additional Commitments shall be allocated among New Lenders in such a manner as the U.S. Borrower and the Administrative Agent may agree. “Share” means, as to any Assignee, a fraction the numerator of which is equal to such Assignee’s Assumed Commitment and the denominator of which is the aggregate amount of the Assumed Commitments of all the Assignees. SECTION 2.16.

Examples of Assigned Commitments in a sentence

• The Assignee acknowledges that it is purchasing the Assigned Loans and the Assigned Commitments from the Assignor without recourse and, except as provided in Section 3 hereof, without representation or warranty.

• From and after the Effective Date, the Assignor shall have no rights or obligations with respect to the Assigned Loans and the Assigned Commitments.

• The Assignor represents and warrants that it is legally authorized to enter into and deliver this Agreement and represents that it is the legal and beneficial owner of the Assigned Loans and the Assigned Commitments and that such Assigned Loans and Commitments are free and clear of any adverse claim.

• As full consideration for the sale of the Assigned Loans and the Assigned Commitments, the Assignee shall pay to the Assignor on the Assignment Date the principal amount of the Assigned Loans (the “Purchase Price”).

• As consideration for the assignment and sale contemplated in Section 2 hereof, the Assignee shall pay to the Assignor on the date hereof in Federal funds the amount heretofore agreed between them.1 It is understood that commitment and/or facility fees accrued to the date hereof with respect to the Assigned Commitments, are for the account of the Assignor and such fees accruing from and including the date hereof are for the account of the Assignee.

More Definitions of Assigned Commitments

Assigned Commitments shall have the meaning set forth in Section 2.16(d).

Assigned Commitments means the Commitments of Non-Extending Lenders to be replaced pursuant to Section 2.15(b)(ii)(2)(Y). FIFTH AMENDED AND RESTATED CREDIT AGREEMENT 70

Assigned Commitments means those Commitments listed in the Disclosure Schedule pursuant to Section 3.9 that are denoted as Commitments the rights and obligations under which are to be assigned to, and assumed by, Purchaser. The parties agree that "Assigned Commitments" shall include (but is not limited to) Sellers' settlement agreement with Xxxxxx Xxxx dated December 23, 1999 and the payment of $180,000.00 due to Xx. Xxxx in connection therewith.

Assigned Commitments means the Commitments of Non-Extending Revolving Credit Lenders to be replaced pursuant to Section 2.18(b)(ii)(2).

Assigned Commitments means the Commitments of Non-Extending Lenders -------------------- to be replaced pursuant to Section 2.15(b)(ii)(2)(Y). "Assignees" means, at any time, Increasing Lenders and, if the --------- Assigned Commitments exceed the aggregate amount of the Proposed Additional Commitments, one or more New Lenders.

Assigned Commitments means the Commitments of

Assigned Commitments means the Commitments attached hereto collectively as Exhibit 1 and any other Commitments entered into prior to the Closing (i) in the ordinary course of Seller's business or (ii) with the consent of Buyer (which shall not be unreasonably withheld), whether or not the consent of the counterparty to the assignment of such Commitment has been received prior to the Closing.