LHS Commitment definition

LHS Commitment means the aggregate principal amount which Banks have -------------- agreed to make available under Paragraph 2.1(d) of the Agreement, being Four Million Dollars ($4,000,000) on the date hereof, subject to adjustment from time to time in accordance with Paragraph 2.1(e) and Paragraph 2.8 hereof.
View Source

Examples of LHS Commitment in a sentence

  • Required Banks shall have the right to terminate the ----- Revolving Commitment, the Acquisition Commitment, the RSD Commitment, the LHS Commitment, or any of them at any time, in their discretion and upon notice to Borrower, upon the occurrence of any Event of Default hereunder (except if an Event of Default described in Paragraph 8.1(i) shall occur, in which case termination of the Commitment shall occur automatically).

  • Required Banks shall have the right to terminate or ----- reduce the Revolving Commitment, the Acquisition Commitment, the RSD Commitment, the LHS Commitment, the Commitment or any of them at any time, in their discretion and upon notice to Borrower , upon the occurrence and during the continuation of any Event of Default hereunder (except if an Event of Default described in Paragraph 8.1(i) shall occur, in which case termination of the Commitment shall occur automatically).

  • Except as provided in ----------------------------- Paragraph 2.1(e) hereof, any termination or reduction of the Revolving Commitment, the Acquisition Commitment, the RSD Commitment, the LHS Commitment, the Commitment or any of them pursuant to subparagraphs 2.8(a) and (b) shall be permanent, and any such Commitment cannot thereafter be restored or increased without the written consent of the Required Banks.

  • Except as provided in Paragraph ----------------------------- 2.1(e) hereof, any termination or reduction of the Revolving Commitment, the Acquisition Commitment, the RSD Commitment, the LHS Commitment or any of them pursuant to subparagraphs 2.8(a) and (b) shall be permanent, and such Commitment cannot thereafter be restored or increased without the written consent of Banks.

  • The aggregate outstanding principal balance under the -------- LHS Loan on the LHS Commitment Termination Date shall be immediately due and payable on the LHS Commitment Termination Date.

  • Initial Advance Requests under the Revolving ---------------- Commitment, Acquisition Commitment, RSD Commitment and LHS Commitment, respectively.

Related to LHS Commitment

  • U.S. Commitment means, with respect to each U.S. Lender, the commitment, if any, of such U.S. Lender to make U.S. Revolving Loans and to acquire participations in U.S. Letters of Credit, U.S. Overadvances and U.S. Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such U.S. Lender’s U.S. Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such U.S. Lender pursuant to Section 9.04. The initial amount of each U.S. Lender’s U.S. Commitment is set forth on the Revolving Commitment Schedule, or in the Assignment and Assumption pursuant to which such U.S. Lender shall have assumed its U.S. Commitment, as applicable. The U.S. Commitment is a sub-facility of the Revolving Commitment and is not in addition to the Revolving Commitment.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Facility A Commitment means, with respect to each Facility A Lender, the commitment, if any, of such Lender to make Facility A Revolving Loans and to acquire participations in Facility A Letters of Credit, Facility A Protective Advances and Facility A Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility A Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility A Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility A Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility A Commitments is $1,000,000,000.