Non-Extended Revolving Commitment means with respect to each Non-Extended Revolving Lender, the commitment of such Lender to make Revolving Loans to the Borrower and to purchase participations in Letters of Credit and Swingline Loans in an aggregate principal amount not exceeding the amount set forth opposite such Lender's name on Schedule II in the column entitled "Non-Extended Revolving Commitment", as such schedule may be amended in the Assignment and Acceptance pursuant to which such Lender assumed its Non-Extended Revolving Commitment, as applicable, as the same may be increased or reduced pursuant to the terms of this Agreement or through assignments by such Lender pursuant to Section 10.4.
Non-Extended Revolving Commitment means, with respect to each Revolving Lender, the commitment of such Revolving Lender to make Revolving Loans in an aggregate principal amount at any one time outstanding not to exceed (i) an amount equal to the sum of (x) the Existing Revolving Commitment of such Revolving Lender on the Effective Date (immediately prior to giving effect thereto) minus (y) if such Revolving Lender is an Extended Revolving Lender, the amount of such Revolving Lender’s Existing Revolving Commitment subject to a Revolver Extension Election (with such Revolving Lender’s Non-Extended Revolving Commitment on the Effective Date set forth beside such Revolving Lender’s name on Schedule 1.1(d) under the heading “Non-Extended Revolving Commitment”) or (ii) the amount in the Assignment and Assumption relating to Non-Extended Revolving Commitments pursuant to which such Revolving Lender becomes a party hereto on or after the Effective Date, as applicable, in each case as such amount may be adjusted from time to time in accordance with this Agreement, including, if applicable, pursuant to Section 2.5.
Examples of Non-Extended Revolving Commitment in a sentence
Termination and Reduction of Commitments; Increase of Revolving Commitments; Extension of Non-Extended Revolving Commitment.
For the avoidance of doubt, the Non-Extended Revolving Lenders shall have no obligations with respect to any Borrowing required under this Section 2.24(d) after the Non-Extended Revolving Commitment Termination Date to the extent the LC Exposure of the Non-Extended Revolving Lenders on the Non-Extended Revolving Commitment Termination Date has been reallocated or Cash Collateralized in accordance with Section 2.28.
In accordance with Section 2.22(c) of the Credit Agreement, the Borrower is deemed to have requested the replacement of each Non-Extending Revolving Lender (for the avoidance of doubt, only in respect of that portion of such Lender’s Non-Extended Revolving Commitment and Non-Extended Revolving Loans) with the Replacement Revolving Lenders.
The amount of the Extended Revolving Commitment and the Non-Extended Revolving Commitment of such Lender after the Second Amendment Effective date is set forth in Schedule 2.
During the Non-Extended Revolving Commitment Period the Borrower may use the Non-Extended Revolving Commitments by borrowing, prepaying the Non-Extended Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
More definitions of Non-Extended Revolving Commitment
Non-Extended Revolving Commitment means any Revolving Loan Commitments of the Non-Extending Revolving Lender (as defined in the Second Amendment) and its assigns that have not been extended to June 15, 2012 after the Second Amendment Effective Date as contemplated by the Second Amendment and clause (i) of the definition of Revolving Loan Commitment Extension Date, it being understood that the amount of the Non-Extended Revolving Loan Commitments is $11,000,000 as of the Second Amendment Effective Date and the Non-Extended Revolving Loan Commitments shall be reduced following the Second Amendment Effective Date to the extent that any assignee of such Non-Extended Revolving Loan Commitments delivers to the Company and the Administrative Agent a written agreement reasonably satisfactory to the Company and the Administrative Agent extending such Commitments to June 15, 2012.
Non-Extended Revolving Commitment means the Existing Revolving Commitment set forth in the column “Non-Extended Revolving Commitment” in Section A of Annex A hereto held by the corresponding Revolving Lender as of the Third Amendment Effective Date and any assignment thereof in whole or in part.
Non-Extended Revolving Commitment means the commitment of a Non-Extended Revolving Lender to make or otherwise fund any Non-Extended Revolving Loan and to acquire participations in Letters of Credit, and “Non-Extended Revolving Commitments” means such commitments of all Non-Extended Revolving Lenders in the aggregate. The amount of each Non-Extended Revolving Lender’s Non-Extended Revolving Commitment is set forth on Appendix A-2 under the caption “Non-Extended Revolving Commitment” or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof.
Non-Extended Revolving Commitment means, as to any Lender, the obligation of such Lender, if any, to make Non-Extended Revolving Loans and participate or be assigned interests in Swingline Loans and Letters of Credit (in each case, whether or not such Loans or Letters of Credit are actually made, issued or drawn) in an aggregate principal and/or face amount equal to the Revolving Commitment on the Amendment and Restatement Effective Date of such Lender, to the extent such Lender has executed the Amendment Agreement in the capacity of a “Non-Extended Revolving Lender”, or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The amount of the Total Non-Extended Revolving Commitments as of the Amendment and Restatement Effective Date is $34,900,000.
Non-Extended Revolving Commitment means, subject to Section 2.18, a “Revolving Commitment” under the Original Credit Agreement that has not, as of the Restatement Effective Date, been deemed to be an “Extended Revolving Commitment” under the Amendment and Restatement Agreement. Schedule 2.01 sets forth the Non-Extended Revolving Commitments as of the Restatement Effective Date under the heading “Non-Extended Revolving Commitments.”