RLC Commitment definition

RLC Commitment means FIFTEEN MILLION AND NO/100 DOLLARS ($15,000,000.00).

RLC Commitment means Four Million And No/100 Dollars ($4,000,000.00).

RLC Commitment means Twenty-Three Million And No/100 Dollars ($23,000,000.00) until the RLC Adjustment Date, after which it means Twenty Million And No/100 Dollars ($20,000,000.00).

Examples of RLC Commitment in a sentence

• Any reduction in the aggregate amount of the RLC Commitment shall reduce each Bank's share of the RLC Commitment by its Pro Rata Share of the aggregate amount of such reduction.

• Any reduction in the RLC Commitment may not be reinstated without the mutual prior consent of the Borrower and the Banks.

• Each Bank agrees, severally but not jointly, to loan to or for the benefit of Borrower, and Borrower shall be entitled to draw upon and borrow, in the manner and upon the terms and conditions contained in this Credit Agreement, an amount that shall not exceed that Bank's Pro Rata Share of the RLC Commitment.

• Nothing herein shall be deemed to relieve any Bank from its obligations to fulfill its Pro Rata Share of the RLC Commitment hereunder or to prejudice any right which the Administrative Agent or the Borrower may have against any Bank as a result of any default by such Bank hereunder.

• The RLC Commitment may be terminated or reduced from time to time pursuant to Section 2.10.

More Definitions of RLC Commitment

RLC Commitment means the Maximum RLC Commitment.

RLC Commitment means One Million And No/100 Dollars ($1,000,000.00).

RLC Commitment means the sum of SIX MILLION AND NO/100 DOLLARS ($6,000,000.00).

RLC Commitment means Ten Million Dollars ($10,000,000.00).

RLC Commitment means Twenty-Three Million and No/100 Dollars ($23,000,000.00).

RLC Commitment means Two Million And No/100 Dollars ($2,000,000.00).

RLC Commitment means Thirty Five Million Dollars ($35,000,000) from July 28, 2000 to October 30, 2000 and Twenty Five Million Dollars ($25,000,000) from after October 31, 2000.