Overall Commitment definition
Examples of Overall Commitment in a sentence
Assignee agrees that U.S. Assignee shall for all purposes be the U.S. Lender of Assignee's Lending Unit and that Australian Assignee, if any, shall for all purposes be the Australian Lender of Assignee's Lending Unit, if any, and that the Commitment of such Lending Unit shall equal the Assignee's Pro Rata Share (as set forth on Annex 1 annexed hereto) of the aggregate Overall Commitment of all Lending Units as in effect at any time on and after the date this Amendment becomes effective.
On receipt by a Committed Bank of a payment in accordance with sub-clause (f) below, the Overall Commitment of such Committed Bank shall be permanently reduced accordingly.
Each of the Assignor and Assignee acknowledges that the Percentage interest in the Canadian Commitment being assigned and assumed hereunder equals the Assignee's Canadian Lender Pro Rata Share, as set forth on Annex II attached hereto, of the Overall Commitment as in effect on and after the date upon which this Agreement becomes effective.
Each of the Assignor and Assignee acknowledges that the Percentage interest in the U.S. Commitment being assigned and assumed hereunder equals the Assignee's U.S. Lender Pro Rata Share, as set forth on Annex II attached hereto, of the U.S. Allocation of the Overall Commitment as in effect on and after the date upon which this Agreement becomes effective.
Assignee agrees that U.S. Assignee shall for all purposes be the U.S. Lender of Assignee's Lending Unit, Australian Assignee shall for all purposes be the Australian Lender of Assignee's Lending Unit, if any, and that the Commitment of such Lending Unit shall equal the Assignee's Pro Rata Share (as set forth on Annex 1 annexed hereto) of the aggregate Overall Commitment of all Lending Units as in effect at any time on and after the date this Amendment becomes effective.