Total Domestic Commitment definition
Examples of Total Domestic Commitment in a sentence
The sum of the Total Canadian Commitment, the Total Domestic Commitment, the Total U.K. Commitment and the Total PR Commitment, each as in effect from time to time.
On each Revaluation Date and until the Canadian Loans are repaid in accordance with the first sentence of this paragraph (c), the Total Domestic Commitment shall be automatically reduced by an amount equal to the Canadian Excess Amount.
On each Revaluation Date and until the U.K. Loans are repaid in accordance with the first sentence of this paragraph (d), the Total Domestic Commitment shall be automatically reduced by an amount equal to the U.K. Excess Amount.
The Domestic Facility Fee shall be payable by Ryder quarterly in arrears on the last Business Day of each calendar quarter for the quarter then ending, commencing with the first such date after the Closing Date and with a final payment on the Maturity Date (or on the date of the termination in full of the Total Domestic Commitment, if earlier).
The Domestic Swing Line Commitment is part of, and not in addition to, the Total Domestic Commitment.
Notwithstanding the foregoing, (i) at no time shall the Total Domestic Commitment be reduced to an amount less than the sum of the Maximum Domestic Swing Line Loan Amount plus the Maximum Canadian Swing Line Loan Amount plus the aggregate Maximum Drawing Amount of all Letters of Credit then outstanding.
No reduction in the Total Domestic Commitment effected pursuant to this Section 2.3 may be reinstated.
The Letter of Credit Sublimit is part of, and not in addition to, the Total Domestic Commitment.
At any time, (a) the Total Domestic Commitment minus (b) the aggregate principal amount outstanding of all Domestic Revolving Credit Loans outstanding at such time minus (c) the Dollar Equivalent of the Maximum Draw Amount minus (d) the Dollar Equivalent of all Unpaid Reimbursement Obligations.
In such event, Ryder shall be deemed to have requested a Base Rate Loan to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in §2.7 for the principal amount of Loans, but subject to the amount of the unutilized portion of the Total Domestic Commitment and the conditions set forth in §12 (other than the delivery of a Domestic Loan Request).