Total Loan Commitment definition

Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.
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Total Loan Commitment means as to any Lender the aggregate commitments of such Lender with respect to its Revolving Loan Commitment.
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Total Loan Commitment means the aggregate principal amount of the Loans to be made by the Lenders hereunder as such amount may be (a) reduced from time to time pursuant to Section 2.2(c) or (b) increased pursuant to Section 2.10. The initial Total Loan Commitment is One Hundred Twenty-Five Million Dollars ($125,000,000).
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Examples of Total Loan Commitment in a sentence

  • Except to the extent otherwise provided, (1) each advance of proceeds of the Ratable Loans shall be made by the Banks, (2) each reduction of the amount of the Total Loan Commitment under Section 2.16 shall be applied to the Loan Commitments of the Banks and (3) each payment of the facility fee accruing under Section 2.08 shall be made for the account of the Banks, ratably according to the amounts of their respective Loan Commitments.

  • If the outstanding principal amount under the Notes at any time exceeds the Total Loan Commitment, Borrower shall, within ten (10) days of Administrative Agent’s written demand, make a payment in the amount of such excess in reduction of such outstanding principal balance.

  • The increase in the Total Loan Commitment pursuant to any such particular request shall be at least an amount (the “Minimum Request”) equal to the lesser of (x) $50,000,000 or (y) the Accordion Amount less all previous increases in the Total Loan Commitment pursuant to this Section.

  • The amount of each Letter of Credit issued and outstanding shall effect a reduction, by an equal amount, of the Available Total Loan Commitment as provided in Section 2.01(b) (such reduction to be allocated to each Bank’s Loan Commitment ratably in accordance with the Banks’ respective Pro Rata Shares).

  • The fees payable by Borrower upon any such increase in the Total Loan Commitment shall be agreed upon by the Lead Arranger and Borrower at the time of such increase.


More Definitions of Total Loan Commitment

Total Loan Commitment means at any date of determination, the sum of (i) the Revolving Loan Commitment at such date (or if the Revolving Loan Commitment has terminated, the Revolving Outstandings) plus (ii) the outstanding principal balance of the Term Loans at such date.
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Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments (i.e., $200,000,000).
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Total Loan Commitment means the sum of the Loan Commitments of all the Banks.
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Total Loan Commitment means One Hundred Thirty Million Dollars ($130,000,000).
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Total Loan Commitment means the aggregate principal amount of the Loans to be made by the Lenders hereunder as such amount may be
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Total Loan Commitment means the sum of the Loan Commitments of all of the Lenders, as from time to time reduced pursuant to Section 2.6, which as of the date of this Agreement shall be $96,000,000. "Total Outstandings" as of a particular date shall mean the sum of (i) Loans Outstandings on such date and (ii) LC Obligations on such date.
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Total Loan Commitment means the aggregate Loan Commitments as to all Loan Facilities.
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