Credit Commitment definition

Credit Commitment means the Lender’s commitment to make Loans up to the Available Credit of the Credit Facility, as such commitment may be reduced from time to time in accordance with this Agreement.

Credit Commitment has the meaning set forth in Section 2.1.

Credit Commitment means, as to each Lender, its obligation to (i) make Loans to the Borrower pursuant to Section 2.01, in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Credit Commitment” or opposite such caption 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. The Credit Commitment as of the date hereof is $26,000,000.

Examples of Credit Commitment in a sentence

• During the Revolving Credit Commitment Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

• Upon any reduction of the Revolving Credit Commitments, the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by such Lender’s Applicable Revolving Credit Percentage of such reduction amount.

• Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b).

• Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b).

• Any reduction of the Revolving Credit Commitment shall be applied to the Revolving Credit Commitment of each Revolving Credit Lender according to its Revolving Credit Commitment Percentage.

More Definitions of Credit Commitment

Credit Commitment means, in relation to any particular Lender, the maximum amount of the Loans to be loaned by such Lender to Borrower as set forth in Schedule 1, as such commitment may be: (i) reduced or increased from time to time pursuant to the terms of the definition of the Maximum Revolving Commitment, such reduction or increase to be pro rata based on such Lender’s maximum Credit Commitment immediately before such reduction or, as applicable, increase, (ii) reduced or terminated pursuant to Section 2.8(e), any such reduction to be pro rata based on such Lender’s maximum Credit Commitment immediately before such reduction, (iii) reduced or increased under Section 2.14 as a result of a reduction or, as applicable, increase of the Maximum Revolving Commitment as provided therein, such reduction or increase to be pro rata based on such Lender’s maximum Credit Commitment immediately before such reduction or, as applicable, increase, (iv) terminated pursuant to Section 9.2, and (v) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.19, (ii). “Credit Commitments” means the aggregate of each Lender’s Credit Commitment. The maximum aggregate Credit Commitments shall not exceed, as of any date, the Maximum Revolving Commitment then in effect.

Credit Commitment means the Bank's obligation and agreement to make financial accommodations to Borrower upon and subject to the terms and conditions set forth in this Agreement.

Credit Commitment means, in the context of more than one Lender hereunder, the maximum amount to be loaned by such Lender to Borrower as set forth on Schedule 1 hereto or as such Credit Commitment may be amended from time to time or as such is adjusted from time to time amended pursuant to Section hereof.

Credit Commitment means, in relation to any particular Lender, the sum of (i) the maximum amount with respect to the Revolving Credit Loan to be loaned by such Lender to Borrowers as set forth in Schedule 1 hereof and (ii) the amount with respect to the Term Loans to be loaned by such Lender to Borrowers as set forth in Schedule 1 hereof.

Credit Commitment means, in relation to any particular Lender, the sum of (i) the maximum amount with respect to the Revolving Credit Loan to be loaned by such Lender to Borrowers as set forth on Schedule 1 hereof, and (ii) the maximum amount with respect to the Term Construction Loan to be loaned by such Lender to Borrowers as set forth on Schedule 1 hereof.

Credit Commitment means, with respect to each Lender, the obligation of such Lender to make Loans to the Borrowers up to an aggregate principal amount at any one time outstanding equal to such Lender's Applicable Commitment Percentage of the Total Credit Commitment.

Credit Commitment means, for each Loan Participant, the obligation of such Loan Participant to make Loans in an aggregate principal amount at any one time outstanding up to but not exceeding the amount set opposite the name of such Loan Participant in Schedule I under the caption “Credit Commitment” (as the same may be varied in accordance with any assignment of Credit Commitments pursuant to Section 12.06(b)). The original aggregate amount of the Credit Commitments is $213,000,000.