Combined Revolving Commitments definition

Combined Revolving Commitments means the aggregate of (i) the Commitments of the Lenders hereunder and (ii) the U.S. Commitments. The initial aggregate amount of the Combined Revolving Commitments is U.S.$315,000,000.
Sample 1
Combined Revolving Commitments. “Combined Revolving Obligations,” “Commitment,” “Equity Interests,” “Excepted Liens,” “Existing Credit Facilities,” “Financing Transactions,” “Global Administrative Agent,” “Global Borrowing Base,” “Global Borrowing Base Utilization,” “Global Effective Date,” “Governmental Rule,” “Indebtedness,” “Intercreditor Agreement,” “LIBO Rate,” “Loan Document,” “Loan Parties,” “Majority Lenders,” “Material Adverse Effect,” “Overdraft Facility,” “Parent Guaranty,” “Pledge Agreement,” “Required Lenders,” “Reserve Report,” “Revolving Borrowing Base,” “Security Documents,” “Super Majority Lenders,” “TBF Documents,” “U.S. Commitment,” “U.S. Credit Agreement,” “U.S. Documentation Agent,” “U.S. Loan Documents,” and “U.S. Obligations,” and replacing those definitions with the applicable definition below, in appropriate alphabetical order:
Sample 1

Examples of Combined Revolving Commitments in a sentence

  • The Company will maintain Combined Working Capital as of the last day each month equal to 50% of the Combined Revolving Commitments as of such date.

  • Notwithstanding anything to the contrary in this Agreement, for so long as any of the Combined Revolving Commitments are in effect and/or any Combined Revolving Obligation is outstanding, the Global Borrowing Base shall be determined in accordance with Section 2.7 of the U.S. Credit Agreement.

  • For so long as any of the Combined Revolving Commitments are in effect and/or any Combined Revolving Obligation is outstanding, then the Revolving Borrowing Base shall be comprised of the Allocated U.S. Borrowing Base and the Allocated Canadian Borrowing Base, and allocations between the Allocated U.S. Borrowing Base and Allocated Canadian Borrowing Base shall be made in accordance with this Section 2.7(d).

  • If the Combined Revolving Commitments are in effect and/or any Combined Revolving Obligation is outstanding, then upon receipt of such Global Borrowing Base Designation Notice, the Borrower shall designate the Allocated U.S. Borrowing Base and the Allocated Canadian Borrowing Base to the Global Administrative Agent in accordance with Section 2.7(d).

  • If the Combined Revolving Commitments are in effect and/or any Combined Revolving Obligations are outstanding, then upon receipt of such Global Borrowing Base Designation Notice, the Borrower shall designate the U.S. Revolving Borrowing Base and the Canadian Revolving Borrowing Base to the Global Administrative Agent in accordance with Section 2.7(d).

  • If the Combined Revolving Commitments are in effect and/or any Combined Revolving Obligation is outstanding, then the Global Borrowing Base Designation Notice shall also set forth the then applicable Revolving Borrowing Base.

  • For so long as any of the Combined Revolving Commitments are in effect and/or any Combined Revolving Obligations are outstanding, the Revolving Borrowing Base shall be comprised of the U.S. Revolving Borrowing Base and the Canadian Revolving Borrowing Base, and allocations between the U.S. Revolving Borrowing Base and Canadian Revolving Borrowing Base shall be made in accordance with this Section 2.7(d).

Related to Combined Revolving Commitments

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is $350,000,000.

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment as of the Closing Date is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $75,000,000. The Revolving Commitment of each Lender will be equal to zero on the Revolving Commitment Termination Date.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Aggregate Revolving Commitment means the sum of the Revolving Commitments of all the Revolving Lenders.

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).