Committed Sum means, for any day, the maximum amount a Lender is committed on that day to lend to the Companies (or for their account) on a revolving credit basis pursuant to this Agreement, on its terms and subject to its conditions. From the Effective Date of this Agreement through the Termination Date or such other date (if any) when all or any of them is changed by operation of the provisions of any agreement or Legal Requirement, the Committed Sums for the Lenders are as set forth on Schedule LC, as it may be amended and restated from time to time.
Committed Sum means, for any day, the maximum total amount a Buyer is committed to fund for the purchase from the Seller of Eligible Loans on a revolving basis pursuant to this Agreement, on its terms and subject to its conditions. From the Effective Date of this Agreement through the Termination Date or such other date (if any) when all or any of them is changed by operation of the provisions of any agreement or Legal Requirement, the Committed Sums for the Buyers are as set forth on Schedule BC, as it may be amended and restated from time to time.
Committed Sum means for any Lender, with respect to the Facility, at any date of determination occurring prior to the Termination Date for the Facility, the amount stated beside such Lender's name on the most-recently amended Schedule 2.1 to this Agreement (which amount is subject to reduction or cancellation in accordance with the Loan Documents).
Examples of Committed Sum in a sentence
On the Effective Date, Borrower shall pay Bank an origination fee (the “Origination Fee”) in the amount of $325,000.00, representing one-half of one percent (0.50%) of the Initial Committed Sum, which Borrower acknowledges is fully earned as of the Effective Date.
Notwithstanding the foregoing, Borrower shall not be obligated to pay a Non-Utilization Fee for any Fiscal Quarter in which the Borrower and its Affiliates maintain aggregate Minimum Average Deposit Balance with Bank of not less than 120% of the Committed Sum.
More Definitions of Committed Sum
Committed Sum means, for any day, the maximum total amount a Buyer is committed on that day to fund for the purchase from the Seller of Eligible Loans on a revolving basis pursuant to this Agreement without giving effect to any Transaction, on its terms and subject to its conditions. From the Effective Date of this Agreement through and including the Termination Date or such other date (if any) when all or any of them is changed by operation of the provisions of any agreement or Legal Requirement, the Committed Sums for the Buyers are as set forth on Schedule BC, as it may be amended and restated from time to time.
Committed Sum means for any Lender with respect to the Revolver Facility, at any date of determination occurring prior to the Maturity Date, the amount stated beside such Lender’s name on Schedule 2.1 to this Agreement (which amount is subject to increase, reduction, or cancellation in accordance with the Loan Documents).
Committed Sum means, for each Lender, the maximum aggregate principal sum which such Lender has committed to lend to the Borrowers as set forth in Schedule 1 opposite to such Lender's name and the caption "Amount of Commitment," subject, however, to any increases or reductions in such Lender's Committed Sum during the term of the Facility.
Committed Sum means, with respect to each Lender, the amount stated beside such Lender’s name for the Facility on Schedule 1 as most recently amended under this Agreement (which amount is subject to increase as provided in Section 2.6, to reduction and cancellation as provided in this Agreement, including, without limitation, the provisions of Section 2.5, and adjustment from time to time as a result of assignments to or from such Lender pursuant to Section 14.12).
Committed Sum means for any Lender, at any date of determination occurring prior to the Maturity Date, the amount stated beside such Lender’s name on the most-recently amended Schedule 2.01 to this Agreement, or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable (in each case, which amount is subject to increase, reduction, or cancellation in accordance with the Loan Documents). Company and Companies means, on any date of determination thereof, the MLP, SXL Operations, the Borrower and each of their respective Subsidiaries.
Committed Sum means $25,000,000.00 or such lesser amount as may be outstanding on the Conversion Date, reduced on the date of each scheduled payment under the Promissory Note by the principal amount of each such scheduled payment during the Term Loan Period only.
Committed Sum has the meaning set forth in the Additional Loan Terms and Covenants Addendum attached hereto as Exhibit A.