Revised Commitment definition
Examples of Revised Commitment in a sentence
The Revised Commitment Letter relating to the ----------------- Line of Credit issued by the Bank to the Borrower dated January 20, 1999.
On the Amendment Effective Date, the Lenders, including any Joining Lender, shall make full cash settlement with each other either directly or through the Administrative Agent, as the Administrative Agent may direct or approve, with respect to all assignments, reallocations and other changes in Commitments (as such term is defined in the Existing Credit Agreement) such that after giving effect to such settlements each Lender’s Applicable Percentage shall be as set forth on the Revised Commitment Schedule.
If, at the time the Commitment for each Facility is reset in accordance with this clause, the Lender also elects to extend its participation under the Facility Agreement in accordance with clause 3.5(a) by delivering to ▇▇▇▇ a signed Renewal Notice attaching a proposed Key Terms Schedule, the Lender will notify ▇▇▇▇ of the Revised Commitments in the proposed Key Terms Schedule attached to the Renewal Notice, and otherwise by delivering a Revised Commitment Notice to ▇▇▇▇.
The principal amount of each Lenders' Note shall be equal to the amount of its Revised Commitment as specified on Schedule I-A.
The Commitment on September 30, 2001, after giving effect to any reduction pursuant to the foregoing sentence, may be referred to hereinafter as the "Revised Commitment".
If, at that time, the Lender also elects to extend its participation under the Facility Agreement in accordance with clause 3.6(a) by delivering to Sims a signed Renewal Notice attaching a proposed Key Terms Schedule, the Lender will notify Sims of the Revised Commitment in the proposed Key Terms Schedule attached to the Renewal Notice, and otherwise by delivering a Revised Commitment Notice to Sims.
The issuance of each Letter of Credit shall confer upon each Bank (other than the Canadian Banks and, on and after the Activation Date, only the Domestic Banks) the benefits and liabilities of a participation consisting of an undivided pro rata interest in the Letter of Credit to the extent of that Bank's Commitment Percentage or Revised Commitment Percentage, as applicable.
The Revised Commitment for each Facility will be determined, where applicable, using a rate of exchange agreed by ▇▇▇▇ and the Lender at that time for buying Australian dollars with the relevant Commitment Currency.
The principal amount of each Lenders' Note shall be equal to the amount of its "Revised Commitment" as specified on Exhibit G.
If anypartofthe Supplierfails topassthetestsoncompletionrepeatedonthedatenotified by the Purchaser, then the Purchaser shall be entitled, at any time and at its option, to rejectsuchpartoftheSupplierandthePurchasershallbeentitledtoproceedinaccordance with Article 11.2 of the GPC without prejudice to any other right of the Purchaser under the Contract.