Singapore Revolving Commitment definition

Singapore Revolving Commitment means, with respect to each Singapore Revolving Lender, the commitment, if any, of such Singapore Revolving Lender to make Singapore Revolving Loans and to acquire participations in Singapore Protective Advances and Singapore Letters of Credit hereunder, expressed as an amount representing the maximum possible aggregate amount of such Singapore Revolving Lender’s Singapore Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to assignments by or to such Singapore Revolving Lender pursuant to Section 9.04. The initial amount of each Singapore Revolving Lender’s Singapore Revolving Commitment is set forth in the Singapore Joinder Agreement pursuant to which such Singapore Revolving Lender becomes a Singapore Revolving Lender hereunder, or in the Assignment and Assumption pursuant to which such Singapore Revolving Lender shall have assumed its Singapore Revolving Commitment, as applicable. Until such time as a Singapore Revolving Lender enters into a Singapore Joinder as a Singapore Revolving Lender and Edgen Xxxxxx Pte., Ltd. has entered into a Loan Party Joinder Agreement as a Singapore Borrower hereunder, no Singapore Revolving Commitments will be in effect pursuant to this Agreement. The aggregate amount of the Singapore Revolving Commitment shall not exceed $10,000,000.
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Singapore Revolving Commitment means, as to each Lender, its obligation, if any, to make Committed Singapore Revolving Loans to the Singapore Revolving Borrowers pursuant to Section 2.01(c) in an aggregate principal amount at any one time outstanding the Dollar Equivalent of which does not exceed the Dollar amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption or the Lender Joinder Agreement pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Lenders’ Singapore Revolving Commitments as of the Closing Date was $50,000,000. The aggregate amount of the Lenders’ Singapore Revolving Commitments as of the Second Restatement Effective Date is zero.
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Singapore Revolving Commitment defined in Section 1.01 of the Credit Agreement shall be amended as of the Singapore Revolving Commitment Increase Effective Date by amending and restating the last sentence in its entirety to read as follows: The aggregate amount of the Singapore Revolving Lenders’ Singapore Revolving Commitments as of the Singapore Revolving Commitment Increase Effective Date (as defined in the Sixth Amendment) is $15,000,000.
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Examples of Singapore Revolving Commitment in a sentence

  • The Singapore Revolving Commitment Increase Effective Date is [ ].

  • In no event will the Singapore Loan Parties be deemed to have incurred any obligation under any Loan Document or granted any Lien to secure any Secured Obligation in violation of Section 76 of the Singapore Companies Act prior to the Singapore Revolving Commitment Increase Effective Date.

  • The Loan Parties shall have paid to each Lender an amendment fee in the amount of 0.075% of the aggregate U.S. Revolving Commitment and Singapore Revolving Commitment of such Lender and shall have paid to JPMorgan Chase Bank, N.A. all fees required to be paid by the Loan Parties to Chase pursuant to any fee letter entered into in connection with this Amendment.

  • As of the Singapore Revolving Commitment Increase Effective Date, the Singapore Revolving Commitment of The Hong Kong and Shanghai Banking Corporation Limited, as a Singapore Lender, is $15,000,000.

  • The Singapore Borrower shall have paid to The Hong Kong and Shanghai Banking Corporation Limited, as a Singapore Lender, a non-refundable amendment fee equal to 0.375% of the amount of the Singapore Revolving Commitment Increase which fee may only be paid by the Singapore Borrower after the satisfaction of the condition precedent set forth in Section 3.2 above.

  • The Borrowers shall have paid to each US Revolving Lender a non-refundable amendment fee equal to 0.375% of the amount of such US Lender’s US Revolving Commitment (after giving effect to this Amendment, including the increase to the US Revolving Commitment set forth herein) and to each Singapore Revolving Lender a non-refundable amendment fee equal to 0.375% of the amount of the Singapore Revolving Commitment as of the Sixth Amendment Effective Date and set forth on Exhibit A hereto.

  • The Company agrees to pay to the Administrative Agent, for the account of each Lender that executes and delivers a copy of this Amendment to the Administrative Agent (or its counsel) at or prior to 5:00 p.m., New York City time, on [ ], 2009, an amendment fee (collectively, the "Amendment Fees") in an amount equal to 0.25% of the sum of the Primary Revolving Commitment and the Singapore Revolving Commitment of such Lender, in each case determined as of the Amendment Effective Date.

  • The Loan Parties shall have paid to each Lender that executed and delivered a signed copy of this Amendment on or prior to the Ninth Amendment Effective Date an amendment fee in the amount of .10% of the aggregate U.S. Revolving Commitment and Singapore Revolving Commitment of such Lender and shall have paid to JPMorgan Chase Bank, N.A. all fees required to be paid by the Loan Parties to JPMorgan Chase Bank, N.A. pursuant to the fee letter entered into in connection with this Amendment.

  • Any Affiliate of a Revolving Lender that shall acquire a Primary Revolving Commitment or a Singapore Revolving Commitment as a result of any reallocation pursuant to this Section 2.15 shall, if such Affiliate is not then a Lender of the applicable Class, deliver to the Administrative Agent, no later than the applicable Reallocation Effective Date, an executed Lender Joinder Agreement in form and substance reasonably satisfactory to the Administrative Agent.


More Definitions of Singapore Revolving Commitment

Singapore Revolving Commitment as to any Revolving Lender, the obligation of such Lender, if any, to make Singapore Revolving Loans and to participate in Singapore Letters of Credit in an aggregate principal amount not to exceed the amount set forth under the heading “Singapore Revolving Commitment” opposite such Lender’s name on Schedule 1.1A or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as the same may be changed from time to time pursuant to the terms hereof (including in connection with assignments permitted hereunder). The Singapore Revolving Commitment and the Singapore L/C Commitment are each sublimits of the Revolving Commitments.
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Related to Singapore Revolving Commitment

  • Canadian Revolving Commitment means the commitment of a Lender to make or otherwise fund any Canadian Revolving Loan and to acquire participations in Canadian Letters of Credit and Swing Line Loans hereunder and “Canadian Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Canadian Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Canadian Revolving Commitments as of the Restatement Date is $10,000,000.

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

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

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • 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).

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

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.