Reserved Commitment definition

Reserved Commitment shall have the meaning set forth in Section 2.02(b) hereof.
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Reserved Commitment means, collectively, (a) the Section 2.02(b) Reserved Commitment, (b) the Section 2.02(c) Reserved Commitment, (c) the Section 2.02(d) Reserved Commitment and (d) the Section 9.13 Reserved Commitment, in each case to the extent required to be established pursuant to the terms of this Agreement or the Guaranty, as applicable.
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Reserved Commitment has the meaning ascribed to such term in Section 1.1(b).
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Examples of Reserved Commitment in a sentence

  • The Borrower shall at all times during the term of this Agreement maintain a minimum of Seventy-Five Million Dollars ($75,000,000) in available and undrawn Commitments (excluding the Reserved Commitment) and Unrestricted Cash and Cash Equivalents, as reported on Form 8-K that is furnished by the Parent (or on its behalf) to the Securities and Exchange Commission.

  • Any Reserved Commitment Amount hereunder shall not be deemed a utilization of any Commitment.

  • If in the event that, as contemplated by Section 2.10(e), the Borrower shall prepay Facility A Revolving Credit Loans from the proceeds of a Disposition, then an amount of Facility A Revolving Credit Commitments equal to the amount of such prepayment (herein the "Reserved Commitment Amount") shall be -------------------------- reserved and shall not be available for borrowings hereunder except and to the extent that the proceeds of such borrowings are to be applied to a Permitted Reinvestment Transaction.

  • Overage fees shall only apply to the extent that Customer’s average usage for a month (based on daily usage calculations) exceeds the Reserved Commitment.

  • If an Investor intends to purchase notes from an Authorized Offeror, it will do so, and such offer and sale will be made, in accordance with any terms and other arrangements in place between such Authorized Offeror and the Investor, including as to price allocations and settlement arrangements.

  • The Company shall pay to the Administrative Agent for account of each Lender a commitment fee on the daily average unused amount of the respective Commitments of such Lender (including, without limitation, the Reserved Commitment Amount), for the period from and including the date hereof to but not including the date such Commitment is terminated, at a rate per annum equal to the Applicable Margin.

  • Thereafter the Borrower may only request Loans (including Swing Loans) in excess of the Reserved Commitment Amount (but in any event subject to all the terms and conditions of the Credit Agreement including the Maximum Exposure Cap) and use the proceeds of such Loans consistent with the use so approved.

  • Each such notice shall be in the form of Exhibit A hereto and shall specify (i) the requested date for the making of such Loans, which date shall be a Business Day, (ii) the amount of the requested Loans, which shall be $5,000,000 or any integral multiple of $1,000,000 in excess thereof (except in the case of Loans under the Reserved Commitment and except that the amount of the requested Loans may be less if the amount requested is equal to the total Available Commitment).

  • The Domestic Borrower agrees to advise the Agent at the time it requests any Advance whether it is utilizing any Reserved Commitment Amount, identifying the amount of such Advance that is to constitute such utilization, the reinvestments in respect of which the proceeds of such Advance are to be applied and the reduced Reserved Commitment Amount to be in effect after giving effect to such Advance.

  • Notwithstanding paragraph (a) of this Section 1.2, Loans under the Reserved Commitment may be made for the purposes specified in Section 1.1(b) without any request by the Borrower on notice to the Lenders from the Administrative Agent.


More Definitions of Reserved Commitment

Reserved Commitment means, collectively, (a) the Section 2.02 Reserved Commitment, (b) in the event the Termination Date is extended pursuant to Section 5.09 hereof, the Section 5.09 Reserved Commitment, (c) any and all Section 9.10 Reserved Commitment (as defined in Section 9.10(h)(x) of the Guaranty) and (d) any and all Section 9.13 Reserved Commitment (as defined in Section 9.13(d) of the Guaranty).
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Reserved Commitment shall have the meaning set forth in Section 5.09 hereof.
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Reserved Commitment. “Reserved Commitment Trigger Date”, “Senior Notes” and “Senior Notes Indenture”, set forth in Article I of the Credit Agreement are hereby deleted in their entirety and the following new definitions are inserted in Article I of the Credit Agreement in the appropriate alphabetical (or alpha-numeric, as the case may be) order:
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Reserved Commitment shall have the meaning set forth in Section 9.13 of the Guaranty.
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Reserved Commitment means, for each Lot and Home being financed under the Construction Facility, the difference at any time and from time to time between (i) the Loan Value thereof less (ii) the principal amount deemed advanced by the Bank, in its sole discretion, for the acquisition and construction of such Lot and Home.
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Related to Reserved Commitment

  • Group Commitment means with respect to any Purchaser Group the aggregate of the Commitments of each Purchaser within such Purchaser Group.

  • Unutilized Commitment means, with respect to any Lender at any time, such Lender's Commitment at such time less the aggregate principal amount of all Loans made by such Lender that are outstanding at such time.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Extended Commitment means the Commitments, the maturity of which shall have been extended pursuant to Section 2.25.

  • Existing Commitment shall have the meaning provided in Section 2.17.

  • Unused Commitment means at any date, with respect to any Bank, an amount equal to its Commitment less the aggregate outstanding principal amount of its Loans.

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

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Initial Commitment means, in relation to an Initial Senior Noteholder, the amount set out in the relevant Senior Noteholder Fee Letter.

  • Unused Commitments means an amount equal to all unadvanced funds (other than unadvanced funds in connection with any construction loan) which any third party is obligated to advance to Borrower or another Person or otherwise pursuant to any loan document, written instrument or otherwise.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

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

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Available Unused Commitment means, with respect to a Revolving Facility Lender under any Class of Revolving Facility Commitments at any time, an amount equal to the Dollar Equivalent of the amount by which (a) the applicable Revolving Facility Commitment of such Revolving Facility Lender at such time exceeds (b) the applicable Revolving Facility Credit Exposure of such Revolving Facility Lender at such time.

  • Aggregate Revolving Commitment means the sum of the Revolving Commitments of all the Revolving Lenders.

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Extended Commitments shall have the meaning provided in Section 2.17.

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

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

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Revolving Commitment Amount means $125,000,000, as reduced from time to time pursuant to Section 6.1.

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

  • Tranche B Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TCCI pursuant to Section 2.1(b) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche B Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • U.S. Commitment means, with respect to each U.S. Lender, the commitment, if any, of such U.S. Lender to make U.S. Revolving Loans and to acquire participations in U.S. Letters of Credit, U.S. Overadvances and U.S. Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such U.S. Lender’s U.S. 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 U.S. Lender pursuant to Section 9.04. The initial amount of each U.S. Lender’s U.S. Commitment is set forth on the Revolving Commitment Schedule, or in the Assignment and Assumption pursuant to which such U.S. Lender shall have assumed its U.S. Commitment, as applicable. The U.S. Commitment is a sub-facility of the Revolving Commitment and is not in addition to the Revolving Commitment.