Short Term Commitments definition

Short Term Commitments means the aggregate "Revolving Credit Commitments" of the "Lenders" (each as defined in the Short Term Credit Agreement) under the Short Term Credit Agreement.
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Short Term Commitments means the lending commitment of the lenders under the Short Term Loan Agreement.
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Examples of Short Term Commitments in a sentence

  • The Short Term Commitments or the Long Term Commitments (as specified by the Borrower) relating to any Loan prepaid pursuant to Section 2.12(c) hereof shall be automatically and permanently reduced, on the date of such prepayment, in an amount equal to the amount of such prepayment.

  • The Short Term Commitments shall automatically terminate on the Short Term Revolving Loan Maturity Date (and the same may be extended pursuant to paragraph (g) of this Section 2.10).

  • The Short Term Commitments shall be reduced immediately and automatically dollar for dollar on the date and in the amount of each increase of the Long Term Commitments, as further described in Section 4.03 hereof.

  • If, as a result of any reduction of the Short Term Commitments, the aggregate outstanding Short Term Revolving Loans exceeds the aggregate Short Term Commitments, then the Borrower shall, on the date of such reduction, repay Short Term Revolving Loans in accordance with this Agreement in an aggregate principal amount sufficient to eliminate such excess.