LOTL Commitment definition

LOTL Commitment means (a) in the case of each Lender that is a LOTL Lender on the Fourth Restatement Effective Date, the amount set forth opposite such Lender’s name on Schedule I as such Lender’s “Last-Out Term Loan Commitment” and (b) in the case of any Lender that becomes a LOTL Lender after the Fourth Restatement Effective Date, the amount specified as such LOTL Lender’s “Last-Out Term Loan Commitment” in the Assignment and Acceptance pursuant to which such LOTL Lender assumed a portion of the LOTL Commitments, in each case as the same may be changed from time to time pursuant to the terms hereof. The LOTL Commitments as of the Fourth Restatement Effective Date are $0.00, and no LOTL Loan will be funded on the Fourth Restatement Effective Date. All terms and provisions relating to the LOTL Loan shall be disregarded, as if the LOTL Loan never existed.
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Examples of LOTL Commitment in a sentence

  • The LOTL Commitment shall expire upon the making of the LOTL Loan on the Fourth Restatement Effective Date or, if no LOTL Loans are made on the Fourth Restatement Effective Date, at the close of business on the Fourth Restatement Effective Date.

Related to LOTL Commitment

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

  • Existing Commitment shall have the meaning provided in Section 2.17.

  • Initial Commitment means, for any Initial Lender, the obligation of such Initial Lender to make an Initial Loan hereunder, up to the principal amount shown on Schedule 1.01(a). The aggregate amount of the Initial Lenders’ Initial Commitments as of the Closing Date is $150,000,000.

  • Group Commitment means with respect to any Purchaser Group the aggregate of the Commitments of each Purchaser within such Purchaser Group.

  • 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.