Revolving Commitment Increase Lender definition

Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Revolving Commitment Increase Lender has the meaning assigned to such term in Section 2.20(c).

Revolving Commitment Increase Lender means, with respect to any Revolving Commitment Increase, each Additional Lender providing a portion of such Revolving Commitment Increase.

Examples of Revolving Commitment Increase Lender in a sentence

• Schedule III hereto sets forth the portion of the Increase of each Revolving Commitment Increase Lender as of the Amendment Effective Date (with respect to each Revolving Commitment Increase Lender, such Revolving Commitment Increase Lender’s “Increase Commitment”), and immediately after giving effect to this Amendment, the amount of Revolving Commitments of each Revolving Commitment Increase Lender shall include such Revolving Commitment Increase Lender’s Increase Commitment.

• Effective as of the Amendment Effective Date, each Revolving Commitment Increase Lender shall be a “Revolving Lender” and a “Lender” under the Credit Agreement and the other Loan Documents, and each Revolving Commitment Increase Lender shall have all the rights and obligations of a “Revolving Lender” and a “Lender” holding a Revolving Commitment or a Revolving Loan under the Credit Agreement and the other Loan Documents.

• Subject to the terms and conditions contained herein, the Revolving Commitment Increase Lender has agreed to Revolving Credit Commitments in an aggregate amount of $25,000,000.

• On the 2014 Incremental Facility Closing Date, each 2014 Revolving Commitment Increase Lender which was not a Lender prior to the 2014 Incremental Facility Closing Date will become a Lender for all purposes of the Credit Agreement and be bound by all obligations of a Lender under the Credit Agreement in respect of the 2014 Revolving Commitment Increase in the amount set forth on Schedule A hereto.

• Effective as of the Restatement Effective Date, each Revolving Commitment Increase Lender shall be a “Revolving Lender” and a “Lender” under the Restated Credit Agreement and the other Loan Documents, and each Revolving Commitment Increase Lender shall have all the rights and obligations of a “Revolving Lender” and a “Lender” holding a Revolving Commitment or a Revolving Loan under the Restated Credit Agreement and the other Loan Documents.

More Definitions of Revolving Commitment Increase Lender

Revolving Commitment Increase Lender as defined in Section 2.25(d).

Revolving Commitment Increase Lender has the meaning set forth in Section 2.02(f)(i) hereof.

Revolving Commitment Increase Lender in respect of such increase, and each such Revolving Commitment Increase Lender will automatically and without further act be deemed to have assumed, a portion of such Revolving ▇▇▇▇▇▇’s participations hereunder in outstanding Letters of Credit and Swingline Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (i) participations hereunder in Letters of Credit and (ii) participations hereunder in Swingline Loans held by each Revolving Lender (including each such Revolving Commitment Increase Lender) will equal the percentage of the aggregate Revolving Commitments of all Revolving Lenders represented by such Revolving Lender’s Revolving Commitment and if, on the date of such increase, there are any Revolving Loans outstanding, such Revolving Loans shall on or prior to the effectiveness of such Revolving Commitment Increase either be prepaid from the proceeds of additional Revolving Loans made hereunder or assigned to a Revolving Commitment Increase Lender (in each case, reflecting such increase in Revolving Commitments, such that Revolving Loans are held ratably in accordance with each Revolving Lender’s Pro Rata Share, after giving effect to such increase), which prepayment or assignment shall be accompanied by accrued interest on the Revolving Loans being prepaid and any costs incurred by any Lender in accordance with Section 2.21 (it being understood that the foregoing provisions shall apply only to an increase in the amount of the Revolving Commitments of any Class and not to any additional tranches of Revolving Loans). The Administrative Agent and the Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. For the avoidance of doubt, this Section 2.25(d) shall apply only to such Class of Revolving Commitments that are the same Class as the Incremental Revolving Loans and shall not apply to any other Class of Revolving Loans.

Revolving Commitment Increase Lender has the meaning specified in Section 2.14(e). “Revolving Credit Borrowing” means a borrowing under the Revolving Credit Facility consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Term SOFR Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b). “Revolving Credit Commitments” means, as to any Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrowers pursuant to Section 2.01(b), and (b) purchase participations in L/C Obligations, in an aggregate principal amount not to exceed the amount set forth under the heading “Revolving Credit Commitment” opposite such ▇▇▇▇▇▇’s name on Schedule 2.01,1 to the Third Amendment, or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as applicable, as the same may be adjusted from time to time in accordance with this Agreement. The aggregate Revolving Credit Commitments shall be $180,000,000167,000,000 on the ClosingRevolver Extension and Amendment Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement. “Revolving Credit Commitment Increase” has the meaning specified in Section 2.14(a). “Revolving Credit Facility” means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

Revolving Commitment Increase Lender has the meaning assigned to such term in Section 2.18(c)(i). “Revolving Exposure” means, with respect to any Lender at any time, the sum of (i) the outstanding principal amount of such ▇▇▇▇▇▇’s Revolving Loans then outstanding, (ii) such Lender’s LC Exposure at such time and (iii) such ▇▇▇▇▇▇’s Swingline Exposure at such time. “Revolving Facility” means the Revolving Commitments and Revolving Loans hereunder. “Revolving Lender” means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure. “Revolving Loan” means a Loan made pursuant to clause (b) of Section 2.01. “Revolving Maturity Date” means June 21, 2027. “S&P” means Standard & Poor’s Ratings Services, a division of The ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc., and any successor to its rating agency business. “Sanctions” means economic sanctions administered or enforced by the United States Government (including without limitation, sanctions enforced by OFAC), the United Nations Security Council, the European Union or His Majesty’s Treasury. “SDN List” has the meaning assigned to such term in Section 3.19(d)(i). “SEC” means the Securities and Exchange Commission or any Governmental Authority succeeding to any of its principal functions. “Second Amendment” means that certain Amendment No. 2, dated as of the Second Amendment Effective Date, to this Agreement. “Second Amendment Consenting Lender” means each Lender with Term B-1 Loans that provided the Administrative Agent with a counterpart to the Second Amendment executed by such Lender prior to the Second Amendment Effective Date. “Second Amendment Effective Date” means February 19, 2025. “Secured Leverage Incurrence Ratio” has the meaning assigned to such term in the definition of “Incremental Cap.” “Secured Obligations” has the meaning assigned to such term in the Collateral Agreement. “Secured Notes” means the $500,000,000 in aggregate principal amount of 7.50% Senior Secured Notes due 2031 issued by the Borrower and Valor Co-Issuer, Inc. pursuant to the Secured Notes Indenture. “Secured Notes Documents” means the Secured Notes Indenture and all other 71

Revolving Commitment Increase Lender has the meaning specified in Section 2.14(e). “Revolving Credit Borrowing” means a borrowing under a single Revolving Tranche of the Revolving Credit Facility consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Term SOFR Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

Revolving Commitment Increase Lender as defined in Section Error! Reference source not found.