Interim Commitments definition
Examples of Interim Commitments in a sentence
Any reduction of the Aggregate Revolver Commitments, the Aggregate WC Interim Commitments or the Aggregate WC Commitments, as applicable, shall be applied to the WC Commitment, WC Interim Commitment or Revolver Commitment of each Lender, as applicable, according to its Applicable Percentage.
The Borrowers shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Revolver Commitments, WC Interim Commitments and/or WC Commitments, as applicable, under this Section.
Any cancellation shall reduce the Interim Commitments of the Interim Lenders rateably under the Interim Facility.
The Existing Interim Lender transfers by novation to the New Interim Lender all the rights and obligations of the Existing Interim Lender which correspond to that portion of the Existing Interim Lender’s Interim Commitments and participations in the Interim Term Loans under the Interim Documents specified in the schedule to this Transfer Certificate (the Schedule) in accordance with the terms of the Interim Documents.
The Administrative Agent shall promptly notify the Borrowers and the Lenders of the Revolver Commitments, WC Interim Commitments and WC Commitments, as applicable, after giving effect to such requested reallocation and the Reallocation Effective Date, Schedule 2.01 hereto shall be automatically updated to reflect such reallocation on the Reallocation Effective Date and the Administrative Agent will provide a copy of such updated Schedule 2.01 to the Lenders.
Any borrowing, guaranteeing or securing (as applicable) of the Total Interim Commitments would not cause any borrowing, guarantee, security or similar limit binding on the Company to be exceeded.
Subject to the terms of this Agreement, the Interim Lenders make available to the Company an interim dollar term loan facility in an aggregate amount equal to the Total Interim Commitments.
Each Borrowing of Senior Subordinated Interim Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Senior Subordinated Interim Commitments.
The undrawn Interim Commitments of each Interim Lender under the Interim Facility will be automatically cancelled at 11:59 p.m. in New York on the last day of the Certain Funds Period.
The undrawn Interim Commitments of the Interim Lenders will be automatically cancelled (on a US Dollar for US Dollar basis) on each date on which Term A Facility is utilised in US Dollars, in each case by an amount equal to the aggregate principal amount of Term A Facility utilised on such utilisation date.