Incremental RL Commitment definition

Incremental RL Commitment means, for any Lender, any commitment by such Lender to make Revolving Loans pursuant to Section 2.01(b) as agreed to by such Lender in the respective Incremental RL Commitment Agreement delivered pursuant to Section 2.15; it being understood, however, that on each date upon which an Incremental RL Commitment of any Lender becomes effective, such Incremental RL Commitment of such Lender shall be added to (and thereafter become a part of) the Revolving Loan Commitment of such Lender for all purposes of this Agreement as contemplated by Section 2.15.
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Incremental RL Commitment means, for any Lender, any commitment by such Lender to make Revolving Loans pursuant to Section 2.01(b) as agreed to by such Lender in the respective Incremental RL Commitment Agreement delivered pursuant to Section 2.16; it being understood, h owever, that on
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Examples of Incremental RL Commitment in a sentence

  • The registration of any provision of Incremental Term Loan Commitments pursuant to Section 2.15 or Incremental RL Commitment pursuant to Section 2.16, as the case may be, shall be recorded by the Administrative Agent on the Register only upon the acceptance of the Administrative Agent of a properly executed and delivered Incremental Commitment Agreement.

  • Furthermore, each of the parties to this Agreement hereby agrees to the terms and conditions set forth on Annex I hereto in respect of each Incremental RL Commitment provided pursuant to this Agreement.

  • The registration of any provision of Incremental Term Loan Commitments pursuant to Section 1.15 or Incremental RL Commitment pursuant to Section 1.16, as the case may be, shall be recorded by the Administrative Agent on the Register only upon the acceptance of the Administrative Agent of a properly executed and delivered Incremental Commitment Agreement.

  • Notwithstanding anything to the contrary contained in Section 3.02 of the Credit Agreement, the Corporation shall not have the right to terminate or reduce the Total Unutilized Revolving Loan Commitment pursuant to Section 3.02 until the occurrence of the Designated 2007 Incremental RL Commitment Termination Date (as defined below).

  • Each Designated Incremental RL Lender (as defined below), each other Lender and each Borrower hereby acknowledges that, as of the First Amendment Effective Date (as defined below), (i) each Designated Incremental RL Lender has provided an Incremental Revolving Loan Commitment as contemplated by Section 1.19 of the Credit Agreement which constitutes a Designated Incremental RL Commitment (as defined below) and (ii) the Total Designated Incremental RL Commitment (as defined below) equals $300,000,000.

  • Notwithstanding anything to the contrary contained in Section 3.02 of the Credit Agreement, the Corporation shall not have the right to terminate or reduce the Total Unutilized Revolving Loan Commitment pursuant to Section 3.02 until the occurrence of the Designated Incremental RL Commitment Termination Date (as defined below).

  • This Agreement shall also be binding upon Persons that become Lenders after the date hereof in accordance with the terms and provisions of the Credit Agreement (including as contemplated by Sections 2.15 and 2.16 of the Credit Agreement and the respective Incremental Term Loan Commitment Agreements and Incremental RL Commitment Agreements), and their successors and assigns.

Related to Incremental RL Commitment