Examples of Subsidiary Borrower Sublimit in a sentence
Any termination or reduction of the Aggregate Commitments and the Aggregate Subsidiary Borrower Sublimit Commitment shall be permanent.
In such event, the applicable Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns) in a principal amount equal to (in the case of the Company) such Lender's Commitment and (in case of the Subsidiary Borrower) such Lender's Subsidiary Borrower Sublimit Commitment and in a form approved by the Administrative Agent.
The Company or the Subsidiary Borrower, as applicable, shall notify the Administrative Agent of any election to terminate or reduce the Aggregate Commitments or the Aggregate Subsidiary Borrower Sublimit Commitments under this paragraph (b) at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof.
Each reduction of the Aggregate Commitments and the Aggregate Subsidiary Borrower Sublimit Commitment shall be made ratably among the Lenders in accordance with their respective Commitments or Subsidiary Borrower Sublimit Commitments, as the case may be.
It is understood and agreed that any increase in the Revolving Committed Amount pursuant to Section 2.1(f) and any corresponding increase to the Subsidiary Borrower Sublimits of FCP and First Choice shall not affect the Subsidiary Borrower Sublimit of TNMP.