Increase Commitments definition

Increase Commitments means the amount specified in any Increase Notice as the amount by which the Upsize Commitments are to be increased pursuant to Clause 3 (Increase of Upsize Commitments) in connection with that Increase Notice. "Increase Date" means, in relation to an increase of the Upsize Commitments pursuant to Clause 3 (Increase of Upsize Commitments), the later of: (a) the proposed Increase Date specified in the relevant Increase Notice; and (b) the date on which the Agent executes the relevant Increase Notice. "Increase Lender" means, in relation to an increase of the Upsize Commitments pursuant to Clause 3 (Increase of Upsize Commitments), any entity which is listed as such in the relevant Increase Notice. "Increase Notice" means a notice substantially in the form set out in Schedule 10 (Form of Increase Notice). "Insolvency Event" in relation to a Lender means that Lender: (a) is dissolved (other than pursuant to a consolidation, amalgamation or merger); (b) becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (c) makes a general assignment, arrangement, or composition with or for the benefit of its creditors; (d) institutes or has instituted against it, by a regulator, supervisor or any similar official with primary insolvency, rehabilitative or regulatory jurisdiction over it in the jurisdiction of its incorporation or organisation or the jurisdiction of its head or home office, a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors' rights, or a petition is presented for its winding-up or liquidation by it or such regulator, supervisor or similar official; (e) has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors' rights, or a petition is presented for its winding-up or liquidation, and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition is instituted or presented by a person or entity not described in paragraph (d) above and: (i) results in a judgment of insolvency or bankruptcy or the entry of an order for relief or the making of an order for its winding-up or liquidation; or (ii) is not dismissed, discharged, stayed or restrained in each case within 30 days of the institution or pres...
Sample 1

Examples of Increase Commitments in a sentence

  • A lender which is to become a party to this Agreement as a Bank pursuant to Section 2.1.2 [Right to Increase Commitments] hereof, or otherwise (each an “Additional Bank”) shall execute and deliver to the Administrative Agent a Bank Joinder to this Agreement in substantially the form attached hereto as Exhibit 1.1(B).

  • The unpaid principal amount of the Obligations with respect to Temporary Increase Loans that are outstanding on the Scheduled Reduction Date, together with all accrued but unpaid interest thereon, shall be due and payable on the Scheduled Reduction Date and the Maximum Commitment shall automatically decrease by the aggregate amount of the Temporary Increase Commitments without any further action by any party hereto.

  • Subject to the conditions set forth in clause (b) below, the Initial Revolver Commitments and the Maximum Revolver Amount shall be increased by any amount equal to the aggregate principal amount of all Billings Acquisition Revolver Increase Commitments then-in effect as of the Billings Acquisition Increase Date.

  • Unless previously terminated, the 2018 Repricing Commitments and the Increase Commitments shall terminate at 11:59 p.m., New York City time, on the Effective Date.

  • Such reduction of the Billings Acquisition Revolver Increase Commitments shall reduce the Billings Acquisition Revolver Increase Commitments of each Lender proportionately in accordance with its ratable share thereof.

  • The Billings Acquisition Revolver Increase Commitments, once reduced, may not be increased.

  • Borrowers may reduce the Billings Acquisition Revolver Increase Commitments, without premium or penalty, in whole, but not part.

  • Schedule 1 Incremental Revolving Refinancing Commitments and Incremental Revolving Increase Commitments [On file with the Administrative Agent] Schedule 2 Submitted Initial Term Loan Amounts, 2019 Refinancing Tranche A Term Loan Amounts and 2017 Initial Tranche A Term Loan Amounts [On file with the Administrative Agent] Annex I-A Initial Amendments to Credit Agreement [See attached] [ANNEX 1-A] Execution VersionFINAL CONFORMED COPY CONFORMED TO AMENDMENTS EFFECTUATED PURSUANT TO AMENDMENT NO.

  • The Xxxxxxxx Acquisition Revolver Increase Commitments, once reduced, may not be increased.

  • Such reduction of the Xxxxxxxx Acquisition Revolver Increase Commitments shall reduce the Xxxxxxxx Acquisition Revolver Increase Commitments of each Lender proportionately in accordance with its ratable share thereof.

Related to Increase Commitments

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders, as adjusted from time to time in accordance with the terms hereof. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is SEVEN HUNDRED MILLION DOLLARS ($700,000,000.00).

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $150,000,000.

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Initial Revolving Credit Commitment means, with respect to any Person, the commitment of such Person to make Initial Revolving Loans (and acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on the Commitment Schedule, or in the Assignment Agreement pursuant to which such Person assumed its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 or 2.19, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05 or (c) increased pursuant to Section 2.22. The aggregate amount of the Initial Revolving Credit Commitments as of the Closing Date is $75,000,000.

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment.

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied), (ii) the aggregate principal amount of all outstanding Swing Line Loans and (iii) the Letter of Credit Usage.