Examples of Total Revolver Commitments in a sentence
The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Total WC Revolver Commitments, the Total Revolver Commitments and/or the Total Acquisition Commitments, as the case may be.
If the Total Revolver Commitments are increased in accordance with this Section 2.5, the Administrative Agent and the Borrowers shall determine the effective date (the “Revolver Commitment Increase Effective Date”) and the final allocation of such increase.
In no event shall Protective Advances be required that would cause the Total Revolver Outstandings to exceed the Total Revolver Commitments.
All fees accrued until the effective date of any termination of the Total WC Revolver Commitments, the Total Revolver Commitments and/or the Total Acquisition Commitments, as the case may be, shall be paid on the effective date of such termination.
The US Borrower shall pay to the Administrative Agent for the Pro Rata benefit of the US Lenders, a fee equal to the product of the Applicable Unused Fee Rate times the amount by which the Total Revolver Commitments exceed the average daily balance of the Total Revolver Outstandings (excluding Swingline Loans) during any calendar quarter.
Any reduction of the Total WC Revolver Commitments, the Total Revolver Commitments and/or the Total Acquisition Commitments, as the case may be, shall be applied to the applicable WC Revolver Commitment, the Acquisition Commitment and the Revolver Commitment of each Lender according to its Applicable Percentage.
Revolver Commitment Increase Effective Date - as defined in Section 2.5.4. Revolver Excess Availability - as of any date of determination, an amount equal to the lesser of (a) the sum of (i) the US Revolver Excess Availability plus (ii) the Dollar Equivalent of the Canadian Revolver Excess Availability and (b) an amount equal to the Total Revolver Commitments minus the Total Revolver Outstandings.
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In consideration of the Lenders’ agreement to amend certain provisions of the Credit Agreement, the Borrowers agree to pay to the Administrative Agent, for the ratable benefit of each Lender, a fee in the amount equal to 15.0 basis points times the aggregate Total Revolver Commitments (the “Eighth Amendment Fee”), which Eighth Amendment Fee shall be fully earned and due and payable in full in cash on the date of this Amendment.
BANK OF AMERICA, N.A., as Agent By: Title: \8885650.14 SCHEDULE 1.1 to Loan and Security Agreement CLOSING DATE COMMITMENTS OF LENDERS Lender U.S. Revolver Commitment Canadian Revolver Commitment Total Revolver Commitments Bank of America, N.A. $57,600,000 $7,400,000 $65,000,000 Xxxxx Fargo Foothill, LLC $55,400,000 -0- $55,400,000 Xxxxx Fargo Foothill Canada ULC -0- $4,600,000 $ 4,600,000 Regions Bank $30,000,000 -0- $30,000,000 SunTrust Bank $30,000,000 -0- $30,000,000 Siemens Financial Services, Inc.