Committed Loan Facility definition

Committed Loan Facility means the loan facility described in Section 2.01.
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Committed Loan Facility means the Commitments and Committed Loans, Letters of Credit and Swing Line Loans.
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Committed Loan Facility set forth in Section 1.01 of the Credit Agreement is hereby amended to read as follows:
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Examples of Committed Loan Facility in a sentence

  • The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, an unused fee equal to the Applicable Rate applicable to the Committed Loan Facility times the actual daily amount by which the Aggregate Commitments exceed the sum of (i) the Outstanding Amount of Committed Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.16 (the “Unused Fee”).

  • If there is any change in the Applicable Rate applicable to the Committed Loan Facility during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate applicable to the Committed Loan Facility separately for each period during such quarter that such Applicable Rate was in effect.

  • The Unused Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate applicable to the Committed Loan Facility during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate applicable to the Committed Loan Facility separately for each period during such quarter that such Applicable Rate was in effect.

  • Subject to the terms and conditions set forth herein, a committed loan facility in a total amount of $17,510,015.00 shall be made available to Borrower (the "Committed Loan Facility") collectively by Lenders.

  • The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance, subject to Section 2.16, with its Applicable Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate applicable to the Committed Loan Facility times the daily amount available to be drawn under such Letter of Credit.


More Definitions of Committed Loan Facility

Committed Loan Facility means the aggregate amount of each Lender's Commitment to provide Committed Loans which shall be an amount equal to $30,000,000.00 on the First Amendment Closing Date.
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Related to Committed Loan Facility

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.