Total Aggregate Commitment definition

Total Aggregate Commitment means the total aggregate combined -------------------------- Commitments of the Banks. The Total Aggregate Commitment currently equals $450,000,000, and may increase as provided in Section 3.10 or decrease as ------------ provided in Section 4.18. ------------

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Total Aggregate Commitment means the total aggregate combined Commitments of the Banks. The Total Aggregate Commitment currently equals $225,000,000, and may increase as provided in SECTION 3.10 or decrease as provided in SECTION 4.18.

Total Aggregate Commitment means the total aggregate combined Commitments of Lenders. The Total Aggregate Commitment currently equals $450,000,000, and may increase as provided in Section 3.10 or decrease as provided in Section 4.18 or Section 4.19.

Examples of Total Aggregate Commitment in a sentence

• The sum of the aggregate principal amount at any -------------- time outstanding under the Loans plus the L/C Obligations shall not at any time ---- exceed the lesser of (i) the Total Aggregate Commitment or (ii) the Borrowing Base less Total Borrowing Base Home Building Indebtedness (exclusive of the ---- outstanding amount of the Loans and L/C Obligations).

• The agreements in this Section 11.2 shall survive the termination of the Total Aggregate Commitment and repayment of all other Obligations.

• The obligation of Lenders under this Section 10.10 shall survive the termination of the Total Aggregate Commitment, repayment of all other Obligations hereunder, and the resignation of Administrative Agent.

• The sum of the aggregate principal amount at any time outstanding under the Loans plus the L/C Obligations shall not at any time exceed either (a) the Total Aggregate Commitment, or (b) the Borrowing Base less Senior Unsecured Home Building Debt (exclusive of the outstanding amount of the Loans and L/C Obligations).

• The agreements in this Section 11.12 shall survive the resignation of Administrative Agent, the replacement of any Lender, the termination of the Total Aggregate Commitment and the repayment, satisfaction, or discharge of all the other Obligations.

• In such event, Borrower shall be deemed to have requested a Reference Rate Borrowing to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 3.1 for the principal amount of Reference Rate Borrowings, but subject to the amount of the unutilized portion of the Total Aggregate Commitment and the conditions set forth in Article 6 (other than the delivery of a Request for Borrowing).

• For avoidance of doubt, any Obligations arising out of any increases in the Total Aggregate Commitment under the Revolving Credit Agreement (whether arising under Section 3.10 of the Revolving Credit Agreement or otherwise) shall constitute Covered Obligations without the necessity of any further action in respect of this Agreement.

• Such reduction of the Total Aggregate Commitment shall be applied to the Commitment of each Lender according to its Pro Rata Share.

• The sum of the aggregate principal amount at any time outstanding under the Loans PLUS the L/C Obligations shall not at any time exceed the lesser of (i) the Total Aggregate Commitment or (ii) the Borrowing Base LESS Total Borrowing Base Indebtedness (exclusive of the outstanding amount of the Loans and L/C Obligations).

• Upon written notice to ------------------------------ each Bank not less than thirty (30) days prior to the end of a calendar quarter up to and including the calendar quarter ending on the Term Loan Election Date, the Company may elect to convert not less than $25,000,000 and not more than $75,000,000 of the Total Aggregate Commitment to a term loan (the "Term Loan") effective at the beginning of the next calendar quarter (the "Term Loan Conversion Date") under the terms and conditions set forth herein.

More Definitions of Total Aggregate Commitment

Total Aggregate Commitment means the collective reference to the Aggregate Commitment under this Agreement and the Aggregate Commitment (as defined in the 364-Day Credit Agreement) under the 364-Day Credit Agreement.

Total Aggregate Commitment means the total aggregate combined Commitments of Lenders, as increased as provided in Section 3.10 or decreased as provided in Section 4.16 or Section 4.17.

Total Aggregate Commitment means the total of the Aggregate Commitments hereunder and the "Aggregate Commitments" as defined in the L/C Credit Agreement.

Total Aggregate Commitment means the sum of the Aggregate U.S. Commitment and the Aggregate Canadian Commitment. Total Canadian Outstandings means the combined Canadian Outstandings of all Canadian Lenders.

Total Aggregate Commitment means the total aggregate combined -------------------------- Commitments of the Banks. The Total Aggregate Commitment currently equals $275,000,000, and may decrease as provided in Section 4.18. ------------ "Total Borrowing Base Home Building Indebtedness" means the aggregate ----------------------------------------------- of all Senior Debt, plus all reimbursement obligations and other ---- obligations under any and all letters of credit related to the Company's home building operations, plus all unsecured obligations (excluding any ---- trade payables incurred in the ordinary course of business) of partnerships or joint ventures in which the Company is a general partner, or otherwise liable, plus the amount of all guaranties, suretyship agreements, or ---- similar agreements in which the Company agrees to answer for the indebtedness or other financial obligations of another person or entity, plus all unsecured indebtedness of the Company which is subordinate to the ---- Obligations. "Total Borrowing Base Home Building Indebtedness" shall not --- include indebtedness which is fully secured by real property or indebtedness which by its terms is non-recourse to the Company. The Majority Banks in their sole and absolute discretion may choose to exclude subordinated indebtedness from Total Borrowing Base Home Building Indebtedness.

Total Aggregate Commitment set forth in Section 1.1 of the Credit Agreement).