CIT Payment Amount definition

CIT Payment Amount means, as at any date of determination, the aggregate principal amount of, and accrued and unpaid interest and Unused Commitment Fee in respect of, all outstanding Revolving Loans and Revolving Loan Commitments, as applicable, of The CIT Group/Commercial Services, Inc.
View Source

Examples of CIT Payment Amount in a sentence

  • Promptly after receipt by Agent of such amounts from such Revolving Lenders (and in any event no later than one Business Day after Agent’s receipt thereof), Agent shall pay such amounts in an amount not to exceed the CIT Payment Amount directly to The CIT Group/Commercial Services, Inc.

  • Furthermore, on the Sixth Amendment Effective Date, Borrower may pay to Agent an amount equal to the CIT Payment Amount, which amount Agent shall pay in full to The CIT Group/Commercial Services, Inc.

  • Notwithstanding anything in this Agreement to the contrary, on the Eighteenth Amendment Effective Date, Borrower shall deliver to Agent a Notice of Borrowing for an amount not less than the CIT Payment Amount and each Revolving Lender with a Revolving Loan Commitment shall remit to Agent an amount equal to such Revolving Lender’s Commitment Percentage thereof.