European Commitment definition

European Commitment. As to each European Lender, its obligation to make European Loans or to participate in European Swingline Loans to the European Borrower pursuant to §2.1 in an aggregate principal amount at any one time outstanding not to exceed the Dollar amount set forth opposite such European Lender’s name on Schedule II, as such Schedule may be updated from time to time pursuant to §§2.10(c) or 20, or in the Assignment and Assumption pursuant to which a European Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Credit Agreement.
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European Commitment means, with respect to each Lender, the commitment of such Lender to make European Loans and to acquire participations in European Letters of Credit and European Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s European Credit Exposure hereunder, 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 pursuant to Section 2.19 or Section 10.04. The initial amount of each Lender’s European Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its European Commitment, as applicable. As of the Second Amendment Effective Date, the aggregate amount of the European Lenders’ European Commitments is $75,000,000.
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European Commitment means, with respect to each Lender, the commitment of such Lender to make European Revolving Loans hereunder, and to acquire participations in European Letters of Credit and European Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s European Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09, (b) increased from time to time pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s European Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its European Commitment, as applicable. The initial aggregate amount of the European Commitments is US$10,000,000.
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Examples of European Commitment in a sentence

  • Each European Overadvance shall mature and be due on the earliest of (i) the Initial Revolving Credit Maturity Date, (ii) written demand by the Administrative Agent and (iii) 30 days after the date on which such European Overadvance is made; it being understood and agreed that no European Overadvance shall cause the Initial European Revolving Credit Exposure of any Initial European Revolving Lender to exceed such Initial European Revolving Lender’s Initial European Commitment.

  • Notwithstanding the foregoing, if earlier than the dates set forth above, the outstanding principal balance of the European Term Loan shall be due and payable in full on the European Commitment Termination Date (it being understood that the European Commitment Termination Date may be extended in accordance with the terms and conditions of this Agreement).

  • Collectively, the Domestic Revolving Loan Commitment Fee, the European Commitment Fee, the Canadian Revolving Loan Commitment Fee and the Australian Revolving Loan Commitment Fee.

  • Collectively, or individually, the Domestic Revolving Loan Commitment, the European Commitment, the Australian Commitment and/or the Canadian Commitment.

  • Such fee shall be paid to Agent for the benefit of the European Revolving Lenders in arrears, on the first Business Day of each month and on the European Commitment Termination Date.

  • From and after the effectiveness of any termination of Commitments contemplated by clause (b) above, (x) any participating interests held by such terminated Lender in Letters of Credit or Local European Loans shall be allocated ratably among the remaining Revolving Credit Lenders or European Lenders (as applicable) and (y) the Revolving Credit Commitment Percentages of the remaining Revolving Credit Lenders or the European Commitment Percentages of the remaining European Lenders shall be ratably adjusted.

  • Collectively, or individually, the Domestic Revolving Loan Commitment, the European Commitment, the Australian Revolving Loan Commitment and/or the Canadian Revolving Loan Commitment.

  • Each European Lender will make the amount of its European Commitment Percentage of each borrowing available to the Administrative Agent for the account of such Borrower prior to 11:00 A.M. (New York City time, in the case of borrowings by the Company, or London, England time, otherwise) on the Borrowing Date requested by such Borrower in funds immediately available to the Administrative Agent in the relevant currency.

  • Each Lender’s Domestic Revolving Loan Commitment, Canadian Revolving Loan Commitment, European Commitment or Australian Revolving Loan Commitment, as applicable.

  • Each Lender’s Domestic Revolving Loan Commitment, Canadian Revolving Loan Commitment, European Commitment or Australian Commitment, as applicable.


More Definitions of European Commitment

European Commitment means, with respect to each Lender, the commitment of such Lender to make European Loans and to acquire participations in European Letters of Credit and European Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s European Credit Exposure hereunder, 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 pursuant to Section 2.19 or Section 10.04. The initial amount of each Lender’s European Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its European Commitment, as applicable. As of the Second Amendment Effective Date, the aggregate amount of the European Lenders’ European Commitments is
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