Original Commitments definition
Examples of Original Commitments in a sentence
On the Restatement Date, the Original Commitments shall be amended and restated in their entirety as Commitments hereunder.
The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Commitments or the Original Commitments.
For the avoidance of doubt, each prepayment shall be pro rata as between Loans made in respect of the Original Commitments and the 2020 Incremental Commitments.
On the Restatement Date, the Administrative Agent shall purchase and assume the Original Commitments from the Original Banks, which Original Commitments shall be (immediately upon such purchase and assumption by the Administrative Agent) amended and restated in their entirety as Commitments hereunder.
The Additional Commitments are binding on PPL, can be enforced against PPL in the same manner as the Original Commitments in the Approval Order, and in all circumstances where the Additional Commitments impose requirements on PPL that exceed those set forth in the Original Commitments, PPL is bound by the terms of the Additional Commitments.
Interest and fee pricing with respect to Original Accommodation and Original Commitments for any period prior to the Closing Date shall be as set out in the Original Credit Agreement.
On the Restatement Date, the Administrative Agent shall purchase and assume the Original Commitments from the Original Lenders, which Original Commitments shall be (immediately upon such purchase and assumption by the Administrative Agent) amended and restated in their entirety as Commitments hereunder.