Documentary Credit Commitment definition

Documentary Credit Commitment means the obligation of a Documentary Credit Lender to issue Documentary Credits under the Revolving Credit Facility, as such obligation may be increased or reduced from time to time in accordance with the provisions of this Agreement.
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Documentary Credit Commitment means the obligation of a Documentary Credit Lender to issue Documentary Credits under the Revolving Credit Facility, as such obligation may be increased or reduced from time to time in accordance with the provisions of this Agreement. “Documentary Credit Fee” means the fee in basis points per annum set forth and defined in Schedule 6, or such other fee as may be agreed between a Borrower and a Documentary Credit Lender. “Documentary Credit Lender” means Royal Bank of Canada and any Revolving Credit Lender that has a Documentary Credit Commitment (and, where the context requires, also means the issuer of any Existing Documentary Credit which remains outstanding). “Documentary Credit Participation Fee” means the fee in basis points per annum set forth and defined in Schedule 6. - 18 - 1808964.02A-NYCSR03A - MSWLEGAL_1:80104430.16 “EBITDA” means, as to any Subsidiary of Open Text for any Measurement Period, and without duplication, net income (or loss) of such Subsidiary for such period increased, to the extent deducted in calculating net income (or loss), by the sum of (i) interest expenses of such Subsidiary for such period; (ii) income tax expenses of such Subsidiary for such period; (iii) depreciation and amortization expenses of such Subsidiary for such period; (iv) such Subsidiary’s ratable share of Additional Restructuring and Integration Costs incurred during such period; (v) stock or stock-option based compensation expenses of such Subsidiary; (vi) [Reserved]; and (vii) any non-recurring non-cash items decreasing net income of such Subsidiary for such period (such as, for clarification, deferred revenue deducted in acquisition accounting), and decreased by (viii) all cash payments made by such Subsidiary during such period relating to non-cash charges which were added back in determining EBITDA in any prior period (excluding for purposes of this clause (viii) such Subsidiary’s ratable share of Additional Restructuring and Integration Costs, in each case, paid in cash during such period), (ix) interest income (except to the extent deducted in determining interest expense) of such Subsidiary and (x) any non-recurring non-cash items increasing net income of such Subsidiary for such period or which require an accrual of, or reserve for, cash charges for any future period, all as determined at such time in accordance with GAAP. “EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is s...
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Examples of Documentary Credit Commitment in a sentence

  • Each Documentary Credit Lender individually, and not jointly and severally, agrees, on the terms and conditions of this Agreement, to issue Documentary Credits for the account of each Revolving Credit Borrower in accordance with such Lender’s Documentary Credit Commitment under the Revolving Credit Facility.

  • Each Documentary Credit Lender individually, and not jointly and severally, agrees, on the terms and conditions of this Agreement, to issue Documentary Credits for the account of each Revolving Credit Borrower in accordance with such ▇▇▇▇▇▇’s Documentary Credit Commitment under the Revolving Credit Facility.

  • Each 5 Year Lender severally agrees, in accordance with the terms and conditions of this Agreement, to make 5 Year Accommodations available to the Borrowers by way of issuance of Non-Fronted Documentary Credits by the Administrative Agent, as attorney for the 5 Year Lenders up to the amount of the 5 Year Documentary Credit Commitment after taking into account the Equivalent U.S. $ Amount of all then outstanding Fronted Documentary Credits.

  • The extension of the Current 5 Year Maturity Date in respect of any Lender that is a 5 Year Fronting Documentary Credit Lender shall automatically extend the Current 5 Year Maturity Date in respect of the 5 Year Fronting Documentary Credit Commitment of such 5 Year Lender.

  • Each Documentary Credit Lender individually, and not jointly and severally, agrees, on the terms and conditions of this Agreement, to issue Documentary Credits for the account of Revolving Credit Borrowers in accordance with such Lender’s Documentary Credit Commitment under the Revolving Credit Facility.

  • Each 5 Year Fronting Documentary Credit Lender severally agrees, on the terms and conditions of this Agreement, to make Fronted Documentary Credits available to the Borrowers up to the amount of its 5 Year Fronting Documentary Credit Commitment, subject to the 5 Year Documentary Credit Commitment.

  • Each Documentary Credit Lender individually and not jointly and severally agrees, on the terms and conditions of this Agreement, to issue Documentary Credits for the account of Canadian Revolving Credit Borrowers or the U.S. Revolving Credit Borrowers, as the case may be, in accordance with such Lender’s Documentary Credit Commitment under the applicable Revolving Credit Facility.