Examples of Combined Commitments in a sentence
If and to the extent specified by the Company in the notice to the Agent, some or all of the reduction in the Combined Commitments shall be applied to reduce the L/C Commitment.
Drawing at a scale of 1 inch equals 100 feet or a scale approved by the County Administrator which clearly shows the entire proposal.
Borrower shall provide prompt notice of any proposed Combined Commitments Increase pursuant to clause (a) above to Agent.
For the purpose of calculating the commitment fee hereunder, the Combined Commitments shall be deemed utilized by the amount of all outstanding Revolving Advances, Swing Loans and Letter of Credit Liabilities.
Prior to making any Advance, Agent may require that Borrowers deliver a Borrowing Base Certificate dated a recent date acceptable to Agent evidencing that the amount of the outstanding Advances plus the requested Advance plus the Letter of Credit Liabilities is less than the lesser of (a) the Combined Commitments or (b) the Borrowing Base.