Spanish Tranche Commitment definition
Spanish Tranche Commitment means, with respect to each Spanish Tranche Lender, the commitment of such Spanish Tranche Lender to make Spanish Tranche Revolving Loans pursuant to Section 2.01(b) and acquire participations in Spanish Tranche Letters of Credit pursuant to Section 2.05(d), expressed as an amount representing the maximum aggregate amount of such Spanish Tranche Lender’s Spanish Tranche Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to Section 2.08 or assignments by or to such Spanish Tranche Lender pursuant to Section 11.04. The initial amount of each Spanish Tranche Lender’s Spanish Tranche Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Spanish Tranche Lender shall have assumed its Spanish Tranche Commitment, as the case may be. The aggregate amount of Spanish Tranche Commitments on the Closing Date is US$100,000,000.
Spanish Tranche Commitment means, with respect to each Spanish Tranche Lender, the commitment of such Spanish Tranche Lender to make Spanish Tranche Revolving Loans pursuant to Section 2.01(b) and acquire participations in Spanish Tranche Letters of Credit pursuant to Section 2.05(d), expressed as an amount representing the maximum aggregate amount of such Spanish Tranche Lender’s Spanish Tranche Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 or (b) reduced or increased from time to time pursuant to assignments by or to such Spanish Tranche Lender pursuant to Section 11.04. The amount of each Spanish Tranche Lender’s Spanish Tranche Commitment is set forth on Schedule 2.01 under the caption “Commitment as of the First Amendment Effective Date”, or in the Assignment and Assumption pursuant to which such Spanish Tranche Lender shall have assumed its Spanish Tranche Commitment, as the case may be. The aggregate amount of the Spanish Tranche Commitments as of the First Amendment Effective Date is US$150,000,000.
Examples of Spanish Tranche Commitment in a sentence
For purposes of computing commitment fees with respect to the Commitments, a US Tranche Commitment or a Spanish Tranche Commitment of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans and LC Exposure of such Lender under such Tranche (and the Swingline Exposure of such Lender shall be disregarded for such purpose).