DSR Commitment definition
DSR Commitment means, with respect to any Lender, the commitment of such Lender, if any, to make DSR L/C Loans within the applicable Tranche in an aggregate principal and/or face amount not to exceed the amount, expressed as a Dollar amount, set forth under the heading “DSR L/C Loans” opposite such Lender’s name on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its DSR Commitment, as applicable, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04. The aggregate amount of the DSR Commitments on the Execution Date is $5,175,000 and the aggregate amount of the DSR Commitments on the Amendment Closing Date is $5,175,000.
DSR Commitment means the commitment of each DSR Issuing Bank to issue DSR Letters of Credit hereunder and “DSR Commitments” means such commitments of all DSR Issuing Banks in the aggregate. The Dollar amount of each DSR Issuing Bank’s DSR Commitment is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the DSR Commitments as of the Closing Date is $125,000,000.
Examples of DSR Commitment in a sentence
Administrative Agent (or its agent or sub-agent appointed by it) shall maintain at its Principal Office a register for the recordation of the names and addresses of all Lenders and Issuing Banks; the Term Loan Commitment, Revolving Commitment or DSR Commitment and Loans of each Lender and Issuing Bank; and principal amounts (and stated interest) of the Loans owing to each Lender or Issuing Bank pursuant to the terms hereof from time to time (the “Register”).
For certainty, the ability of the Credit Parties to cause the issuance of Letters of Credit under the DSR Commitment and/or Revolving Commitment is intended hereunder to be done on a non-fronted basis.