Total Commitments definition
Examples of Total Commitments in a sentence
Subject to the terms of this Agreement, the Lenders make available to the Borrower a USD-denominated revolving credit facility in an aggregate amount equal to the Total Commitments.
For purposes of this Section 4.5(b), any Bank’s Commitment that was terminated as a result of the funding of the Loans related thereto shall be included for purposes calculating such Bank’s Commitment and the Total Commitments.
If the Closing Date has not occurred by 17h00 on 31 December 2025 (or such later date as may be agreed by the Facility Agent, acting on the instructions of all the Lenders), the Total Commitments shall immediately, automatically and without a requirement for notice to be given to any person, be cancelled and reduced to zero.
If at any time, including after giving effect to any reduction of Commitments pursuant to this Section 4.5, the Total Outstanding Extensions of Credit exceed the Total Commitments, the Borrower shall be obligated to prepay the Loans in the amount of such excess.