Revolving Loan Commitment Reduction Amount definition

Revolving Loan Commitment Reduction Amount means the amount indicated with respect to the relevant Revolving Loan Commitment Reduction Date in Schedule I under the caption "Scheduled Reduction in Revolving Loan Commitment." Borrower shall not, in anticipation of any Revolving Loan Commitment Reduction Date, take any actions primarily intended to increase the amount specified in clause (y) above for such date. These actions could include, for example and not by way of limitation, prepayment or accelerated payment of Borrower's trade payables, other obligations or discretionary expenditures or making short term investments (whether with Revolving Loan proceeds or other available cash). Additionally, effective as of the date the amounts described in clauses (A), (B) and (C) below are required to be applied to the repayment of the Loans, the Revolving Loan Commitment shall be automatically and permanently reduced by the amount of all (A) Unapplied Insurance or Condemnation Proceeds, (B) Asset Sale Proceeds and (C) Equity Sale Proceeds.
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Revolving Loan Commitment Reduction Amount as defined in Section 2.5.
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Revolving Loan Commitment Reduction Amount means the amount by which the Revolving Loan Commitment has been permanently reduced, due to prepayment, acceleration or otherwise, and in the case of termination, the Revolving Loan Commitment Reduction Amount shall be the entire Revolving Loan Commitment Amount.
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Examples of Revolving Loan Commitment Reduction Amount in a sentence

  • The Prepayment Fee shall be equal to (i) two percent (2%) of the Revolving Loan Commitment Reduction Amount until the first anniversary of the Closing Date, (ii) one and one-half percent (1.5%) of the Revolving Loan Commitment Reduction Amount until the second anniversary of the Closing Date, and (iii) one percent (1%) of the Revolving Loan Commitment Reduction Amount thereafter.

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More Definitions of Revolving Loan Commitment Reduction Amount

Revolving Loan Commitment Reduction Amount means, with respect to any reduction of the Maximum Class A Loan Amount pursuant to the third paragraph of Section 2.7(a), an amount equal to:
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Revolving Loan Commitment Reduction Amount means, for each Revolving Loan Commitment Reduction Date and subject to Section 2.8(f), the amount set forth opposite such Revolving Loan Commitment Reduction Date: Revolving Loan Revolving Loan Commitment Reduction Date Commitment Reduction Amount ------------------------- --------------------------- June 30, 2000 $50,000,000 December 31, 2000 $50,000,000 June 30, 2001 $50,000,000 December 31, 2001 $50,000,000 June 30, 2002 $50,000,000 December 31, 2002 $50,000,000 June 30, 2003 $50,000,000 December 31, 2003 $50,000,000 June 30, 2004 $175,000,000 December 31, 2004 $175,000,000
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Revolving Loan Commitment Reduction Amount means, for each Revolving Loan Commitment Reduction Date and subject to Section 2.8(h), the amount set forth opposite such Revolving Loan Commitment Reduction Date: Revolving Loan Revolving Loan Commitment Reduction Date Commitment Reduction Amount ------------------------- --------------------------- June 12, 1999 $27,500,000 December 12, 1999 $27,500,000 June 12, 2000 $27,500,000 December 12, 2000 $27,500,000 June 12, 2001 $27,500,000 December 12, 2001 $27,500,000 June 12, 2002 $27,500,000 December 12, 2002 $128,750,000 June 12, 2003 $128,750,000 In the event the Aggregate Revolving Loan Commitment is increased pursuant to Section 8.2(d) or otherwise, the Revolving Loan Commitment Reduction Amount for each Revolving Loan Commitment Reduction Date occurring after the date of such increase shall be increased by a pro rata portion of such increase.
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Related to Revolving Loan Commitment Reduction Amount

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

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

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.