Maximum Facility Commitment definition

Maximum Facility Commitment has the meaning assigned to such term in the Initial Liquidity Facility.
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Maximum Facility Commitment means initially $13,544,633.18 and, at any time thereafter, an amount (not exceeding such initial amount) equal to nine months of interest at the Stated Rate (but not including any Step-Up Interest) on the actual Outstanding Principal Balance of the Specified Series as of the most recent Payment Date after all payments of principal on such Payment Date.
Sample 1
Maximum Facility Commitment means $60,000,000.
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Examples of Maximum Facility Commitment in a sentence

  • Of these, approximately 6,322 listed silicosis as the underlying cause of death.

  • It is specifically understood and agreed that once the Maximum Facility Commitment Amount of a Revolving Facility is reduced as set forth in this Section 2.04(c), the same may not be increased thereafter except in accordance with the provisions of Section 2.04(b) above and, in the case of the Xxxxxxx Revolving Facility, the provisions of Section 2.04(e) below.

  • Components: All linear carriers shall be commercial quality hot dipped galvanized steel as per ASTM A 653.

  • In the North, it introduced some massive lined hand-dug wells in an attempt to alleviate the perennial water shortage problem in the area.

  • Upon the making of a Downgrade Advance, a Non-Extension Advance or a Final Advance hereunder or the occurrence of the Termination Date, the obligation of the Initial Liquidity Facility Provider to make further Advances hereunder with respect to the Maximum Facility Commitment shall automatically and irrevocably terminate, and the Administrative Agent (on behalf of the Borrower) shall not be entitled to request any further Borrowing hereunder with respect to the Maximum Facility Commitment.

  • In no event may the aggregate Maximum Facility Commitment Amounts for the Cementerios Revolving Facility, the Funerarias Revolving Facility and any Revolving Facilities established in accordance with Section 2.04(a) above exceed at any time the principal sum of $200,000,000 or such lesser sum as may result from termination, in whole or in part, of any of such Revolving Facilities in accordance with the provisions of Section 2.09(a) or 5.14(e) of this Agreement.

  • The Agent shall notify each of the Banks promptly upon its acceptance of the Maximum Facility Commitment Addendum as provided for herein.

  • Notwithstanding the foregoing, no such reduction of a Maximum Facility Commitment Amount for an existing Revolving Facility shall be permitted if, after giving effect thereto, the aggregate principal amount outstanding of Committed Loans under such Revolving Facility, together with the LC Exposure thereunder, plus the aggregate principal amount outstanding of Competitive Loans to the applicable Borrower would exceed the Maximum Facility Commitment Amount for such Revolving Facility.

  • In the event the total disbursements by Lender exceed the Maximum Facility Commitment Amount, to the extent permitted by the laws of the State of California, the total of all disbursements shall be secured by the Deed of Trust.

  • Upon the making of a Downgrade Advance, a Non-Extension Advance or a Final Advance hereunder or the occurrence of the Termination Date, the obligation of the Liquidity Facility Provider to make further Advances hereunder with respect to the Maximum Facility Commitment shall automatically and irrevocably terminate, and the Cash Manager (on behalf of the Borrower) shall not be entitled to request any further Borrowing hereunder with respect to the Maximum Facility Commitment.


More Definitions of Maximum Facility Commitment

Maximum Facility Commitment means Seventy Five Million Dollars ($75,000,000.00).
Sample 1
Maximum Facility Commitment means initially $32,800,000 and, at any time thereafter, an amount (not exceeding such initial amount) equal to 12 months of interest at the Stated Rate (but not including any Step-Up Interest) on the actual Outstanding Principal Balance of the Specified Series as of the most recent Payment Date after all payments of principal on such Payment Date. “Non-Extension Advance” means an Advance made pursuant to Section 2.02(b). “Non-Extended Facility” means the facility provided for in this Agreement after the delivery of a Non-Extension Notice pursuant to Section 2.10. “Notice of Borrowing” has the meaning specified in Section 2.02(e).
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Related to Maximum Facility Commitment

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $50,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

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

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • 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 $150,000,000.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is $350,000,000.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.