Combined Commitment definition

Combined Commitment means the sum of (a) the Aggregate Commitment (as defined in the 5-Year Revolving Credit Agreement) and (b) the Aggregate Commitment hereunder.

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Combined Commitment means the sum of (i) the Aggregate Commitment hereunder plus (ii) the “Aggregate Commitment” under and as defined in the 3-Year Credit Agreement.

Examples of Combined Commitment in a sentence

Any such reduction in the Combined Commitment Amount shall reduce the Commitments of each of the Banks on a pro rata basis in accordance with their respective Commitment Percentages.
The Company may reduce any unused portion of the Combined Commitment Amount at any time upon ten (10) days prior written notice from the Company to the Agent; provided, however, that any such reduction shall be in an amount of at least FIVE MILLION AND NO/100 DOLLARS ($5,000,000.00) or any multiple thereof and no such reduction shall be subject to reinstatement.
If, at the end of any fiscal quarter, the average daily Combined Utilized Amount during such quarter was greater than sixty-seven percent (67.0%) of the average daily amount of the Combined Commitment during such quarter, the Borrower will pay to the Administrative Agent for the ratable benefit of the Lenders a utilization fee of 0.25% on the average daily Combined Utilized Amount during such quarter.
As used herein, (A) “Applicable Prepayment Percentage” means (i) 100% until the Aggregate Combined Commitment shall have been reduced (other than pursuant to Article VII) to an amount equal to or less than $325,000,000 and (ii) 50% thereafter and (B) “Applicable Retention Amount” means (i) $10,000,000 until the Aggregate Combined Commitment shall have been reduced (other than pursuant to Article VII) to an amount equal to or less than $325,000,000 and (ii) $50,000,000 thereafter.
The Company shall pay to the Agent for the account of each Bank a utilization fee (the “Utilization Fee”) on the actual outstanding Loan balance and LC Obligations for all days on which the Combined Utilized Amount exceeds fifty percent (50%) of the Combined Commitment (or, if all or any part of the Combined Commitment has been terminated, the Combined Commitment in effect immediately prior to such termination), equal to the Applicable Utilization Fee Rate.

More Definitions of Combined Commitment

Combined Commitment means, with respect to any Lender under this Agreement at any time, the sum of (a) such Lender’s Commitment at such time and (b) such Lender’s “Commitment” as defined in the FIL Credit Agreement at such time.

Combined Commitment means, at any time, an amount equal to (i) the Aggregate Revolving Commitments plus (ii) the Inventory Facility Commitment, in each case at such time.

Combined Commitment means the sum of (a) the Aggregate Commitment (as defined in the 5-Year Credit Agreement) and (b) (i) prior to the Conversion Date, the Aggregate Commitment hereunder and (ii) from and after the Conversion Date, the aggregate principal amount of all Loans hereunder.

Combined Commitment means, at any time and for any Lender, the sum of that Lender's (a) Warehouse Commitment, (b) Working-Capital Commitment, and (c) Term-Line Commitment.

Combined Commitment means the sum of (1) the aggregate of the Commitments hereunder (which, after the Commitments have been terminated, shall be based on the aggregate Commitments immediately prior to such termination) and (2) (a) prior to the "Conversion Date" (as defined in the 364-Day Credit Agreement), the aggregate "Commitments" under and as defined in the 364-Day Credit Agreement (which, after such "Commitments" have been terminated, other than as a result of a conversion pursuant to Section 2.2.2 thereof, shall be based on the aggregate of such "Commitments" immediately prior to such termination) and (b) from and after the "Conversion Date" (as defined in the 364-Day Credit Agreement), the "Aggregate Outstandings" of all "Lenders" in each case under and as defined in the 364-Day Credit Agreement.

Combined Commitment means at any time with respect to each Lender the sum of (x) such Lender's Commitment hereunder and (y) such Lender's Receivables Commitment under the Receivables Purchase Agreement.

Combined Commitment means, for each Bank, the sum of its Commitment ------------------- and any Incremental Commitment of such Bank issued after the Effective Date pursuant to Section 2.01(b) and Section 2.16. --------------- ------------