RCF Commitments definition

RCF Commitments means, in respect of each RCF Lender from time to time, the agreement to make Advances to the Borrower in the Lender's Applicable Percentage of the maximum amount under the RCF and, where the context requires, the maximum amount of Advances which the RCF Lender has agreed to make under the RCF.

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RCF Commitments means “Commitment” as defined in the Revolving Credit Facility Agreement.

RCF Commitments as to any RCF Lender, its U.S. RCF Commitment and its Canadian RCF Commitment. The original amount of the aggregate RCF Commitments of the RCF Lenders is $1,450,000,000.

Examples of RCF Commitments in a sentence

Each U.S. RCF Lender will make the proceeds of any U.S. RCF Loan made pursuant to the immediately preceding sentence available to the U.S. Administrative Agent for the account of the Swing Line Lender at the office of the U.S. Administrative Agent prior to 12:00 Noon, New York City time, in funds immediately available on the Business Day next succeeding the date on which the U.S. RCF Commitments expire or terminate, in Dollars.
The proceeds of such U.S. RCF Loans shall be immediately applied to repay the Swing Line Loans outstanding on the date of termination or expiration of the U.S. RCF Commitments.
The provisions of this Article XII are established solely for the purposes of allocating risks between and among Lenders in relation to the Term Loans, Multicurrency RCF Commitments and US Dollar RCF Commitments, and in effecting the allocations and exchanges to give effect to the provisions hereof, the intention is not to increase any obligations of any Borrower or Guarantor.
The U.S. Administrative Agent shall have received a Borrowing Base Certificate which shall demonstrate, inter alia, that after giving effect to the Borrowings hereunder on the Closing Date, the Available RCF Commitments shall be at least $350,000,000.
The obligations to indemnify the Issuing Lender and Swing Line Lender shall be ratable among the RCF Lenders in accordance with their respective RCF Commitments (or, if the RCF Commitments have been terminated, the outstanding principal amount of their respective RCF Loans and L/C Obligations and their respective participating interests in the outstanding Letters of Credit and shall be payable only by the RCF Lenders).
For the avoidance of doubt, the aggregate increase of all RCF Commitments and all Incremental Term Loan Commitments obtained by the Borrowers under this subsection 2.7 shall not exceed $200,000,000.
Each U.S. Borrower and Canadian Borrower shall pay to the relevant Issuing Lender a fee equal to 1/4 of 1% per annum (but in no event less than $500 per annum for each Letter of Credit issued on its behalf) of the aggregate amount available to be drawn under such Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date with respect to such Letter of Credit and on the RCF Maturity Date or such other date as the RCF Commitments shall terminate.
During the US Dollar RCF Commitment Period, the US Borrower may use the US Dollar RCF Commitments by borrowing, prepaying the US Dollar RCF Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
The Administrative Agent and the Revolving Credit Lenders party hereto hereby agree that the notice requirements set forth in Section 10.01 of the Credit Agreement have been satisfied with respect to the Extended RCF Commitments.
The obligations to indemnify the Issuing Lender and Swing Line 164 Lender shall be ratable among the RCF Lenders in accordance with their respective RCF Commitments (or, if the RCF Commitments have been terminated, the outstanding principal amount of their respective RCF Loans and L/C Obligations and their respective participating interests in the outstanding Letters of Credit and shall be payable only by the RCF Lenders).

More Definitions of RCF Commitments

RCF Commitments as to any RCF Lender, the sum of all of its U.S. RCF Commitments and its Canadian RCF Commitments. The original amount of the aggregate RCF Commitments of the RCF Lenders on the Closing Date was $1,450,000,000. The aggregate RCF Commitments of the RCF Lenders on the Restatement Effective Date (after giving effect to the transactions contemplated by the Second Amendment and this Agreement on such date) is $1,100,000,000.

RCF Commitments means the commitment of each lender or issuing bank (in such capacity and its capacity as lender) party to the Revolving Credit Agreement to make or otherwise fund loans or to issue letters of credit, as applicable, thereunder.