Mandatory Commitment Reductions definition

Mandatory Commitment Reductions means a permanent reduction of the Aggregate Commitment which shall be made from time to time as may be required under Sections 2.15, 5.12 and/or 8.02.
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Mandatory Commitment Reductions means, as of any calculation date, the excess, if any, of (a) the aggregate principal amount of the Revolving Loans, the Swing Loans and the L/C Obligations outstanding at the beginning of the period being measured, over (b) the lowest amount of the Revolving Loan Commitment during the period being measured.
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Mandatory Commitment Reductions means, as of the date of determination, the aggregate amount of the Commitment Reduction required.
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Examples of Mandatory Commitment Reductions in a sentence

  • Mandatory Prepayments of Loans; Mandatory Commitment Reductions .

  • No Voluntary Permanent Reduction or Mandatory Commitment Reductions shall relieve or otherwise defer the making of each Scheduled Reduction on each Reduction Date.

  • Mandatory Commitment Reductions; Collateral Requirements.................

  • Mandatory Prepayment of Revolving Loans and Mandatory Commitment Reductions; Commitment Termination.........................................................................................

  • Mandatory Prepayments of Loans; Mandatory Commitment Reductions...............................

  • Mandatory Commitment Reductions xxxiv 2.08 Repayment xxxv 2.09 Interest xxxvi 2.10 Fees xxxvi (a) Arrangement, Agency, Upfront Fees xxxvi (b) Facility Fees xxxvii 2.11 Computation of Fees and Interest xxxvii 2.12 Payments by the Company xxxviii 2.13 Payments by the Banks to the Agent xxxviii 2.14 Sharing of Payments, Etc.

  • Mandatory Prepayments of Loans; Mandatory Commitment Reductions................................................................

  • Mandatory Prepayments of Loans; Mandatory Commitment Reductions..

  • Risk Policy Manual – September 2013 Trade Secret and Strictly Confidential 27 previously established reserves, all divided by (2) Cash Interest Expense (including any Non-Cash Interest which is anticipated to become Cash Paying within the next 12 months), plus Scheduled Repayment of Debt and Mandatory Commitment Reductions.

  • Mandatory Commitment Reductions Repayment Interest Fees Computation of Fees and Interest Payments by the Borrower Payments by the Banks to the Agent, etc.


More Definitions of Mandatory Commitment Reductions

Mandatory Commitment Reductions. The definition of “Mandatory Commitment Reduction(s)” in Section 1.01 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:
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Mandatory Commitment Reductions. The unutilized portion of the total commitments under the A-2 Term Loan Facility shall (i) be reduced on the third month anniversary of the Closing Date by an amount (but not less than zero) equal to the difference of $50 million and the aggregate principal amount of A-2 Term Loans theretofore incurred and (ii) be terminated on the sixth month anniversary of the Closing Date.
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Mandatory Commitment Reductions shall have the meaning assigned to such term in Section 2.01(e) hereof.
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Mandatory Commitment Reductions means, as of any calculation date, the excess, if any, of (a) the aggregate principal amount of the Revolving Loans and the Swing Loans outstanding at the beginning of the period being measured, over (b) the lowest amount of the Revolving Loan Commitment during the period being measured.
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Mandatory Commitment Reductions means, as of any calculation date, the excess, if any, of (a) the aggregate principal amount of the Revolving Loans and the Swing Loans outstanding at the beginning of the period being measured, over (b) the lowest amount of the Revolving Loan Commitment during the period being measured. "MATERIAL AFFILIATE CONTRACTS" shall mean, collectively, (a) the Consulting Agreement, (b) the Services Agreement, (c) the Tax Sharing Policy and (d) each agreement between any of the Borrower Parties with any of its Affiliates identified on SCHEDULE 1 attached hereto. "MATERIAL FILM RIGHTS AGREEMENTS" shall mean any Film Rights Agreement of any Borrower Party pursuant to which such Borrower Party is obligated to make payments of $10,000,000 or more in the aggregate.
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Related to Mandatory Commitment Reductions

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the Issuing Banks for any amount drawn under any Letter of Credit, but not yet so applied), (b) the aggregate principal amount of all outstanding Swing Line Loans, and (c) the Letter of Credit Usage.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”