Initial Revolving Commitments definition

Initial Revolving Commitments means the Revolving Commitments of the Revolving Lenders as of the Closing Date.

Initial Revolving Commitments means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Revolving Commitment, if any, is subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Revolving Commitments as of the Closing Date is $50,000,000.

Initial Revolving Commitments means with respect to each Revolving Lender, the commitment of such Revolving Lender to make Initial Revolving Loans in the aggregate principal amount set forth opposite such Revolving Lender’s name on the Commitments Schedule under the heading “Initial Revolving Commitments,” as adjusted to reflect each Assignment and Assumption executed by such Revolving Lender and as such amount may be increased or reduced pursuant to this Agreement, and “Initial Revolving Commitments” means the aggregate Initial Revolving Commitments of all Revolving Lenders, which amount, initially as of the Closing Date, is $1,000.0 million.

Examples of Initial Revolving Commitments in a sentence

• By checking the box immediately below, you have indicated that you will be converting the entire aggregate principal amount of your Initial Revolving Credit Commitments into New Initial Revolving Commitments.

• With the completion of its Phase II infill drill program, any possible impact of biased historic drill results would further diminish.

• During the Initial Revolving Commitment Period, the Borrower may use the Initial Revolving Commitments by borrowing, prepaying the Initial Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

• The Revolving Borrowers agree to pay to the Administrative Agent for the account of each Initial Revolving Lender a commitment fee (the “Commitment Fee”), which shall accrue at the rate of 0.50% per annum on the average daily unused amount of the Initial Revolving Commitment of such Initial Revolving Lender during the period from and including the Original Effective Date to but excluding the date on which the Initial Revolving Commitments terminate.

• Accrued commitment fees shall be payable in arrears on each Quarterly Payment Date (with the first such payment being due and payable on the Quarterly Payment Date at the end of the first full fiscal quarter of the Borrowers ending after the Original Effective Date) and on the date on which the Initial Revolving Commitments terminate, commencing on the first such date to occur after the Original Effective Date.

More Definitions of Initial Revolving Commitments

Initial Revolving Commitments means the aggregate Initial Revolving Commitments of all Revolving Lenders, which amount, initially as of the Closing Date, is $1,000.0 million.

Initial Revolving Commitments the Commitment of the Lenders on the Closing Date.

Initial Revolving Commitments means, with respect to any Initial Revolving Lender, its obligation to make Initial Revolving Loans to the Borrower pursuant to Section 2.01(b), in an aggregate principal amount at any one time outstanding not to exceed the amount set forth on Part A of Schedule 2.01 under the heading “Initial Revolving Commitments” or in the Assignment and Acceptance pursuant to which such Initial Revolving Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate principal amount of the Initial Revolving Commitments on the Effective Date is $750,000,000.

Initial Revolving Commitments means the Revolving Commitments of the Revolving Lenders as of the Effective Date. The initial aggregate principal of the Lender’s Revolving Commitments on the Effective Date is $500,000,000.

Initial Revolving Commitments means the Initial US Dollar Revolving Commitments and the Initial Multicurrency Revolving Commitments.

Initial Revolving Commitments as to each Revolving Lender hereunder as of the Closing Date, the obligation of such Lender, if any, to make Revolving Loans and participate in Letters of Credit, Local Loans, Acceptances and Swingline Loans in an aggregate principal and/or face amount not to exceed the amount set forth on Schedule 2.1. The aggregate amount of the Initial Revolving Commitments as of the Closing Date is $400,000,000.

Initial Revolving Commitments means the Revolving Commitments of the Revolving Lenders as of the Restatement Date.