Tranche A Total Commitment definition

Tranche A Total Commitment. Usage shall mean, at any time, the sum of (i) the aggregate outstanding principal amount of all Tranche A Loans and (ii) the aggregate LC Exposure at such time.
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Tranche A Total Commitment means $75,000,000 (the "Base Commitment"); provided that for up to 10 consecutive days in any calendar month the Base Commitment shall be increased by $15,000,000 (such additional $15,000,000 commitment, the "Swing Line Commitment"), as such amount may be reduced from time to time pursuant to the terms of this Agreement or limited by order of the Bankruptcy Court; provided further that at least 10 days must elapse between the date the Swing Line Commitment is reduced to zero and the date on which any amount is redrawn under the Swing Line Commitment.
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Tranche A Total Commitment means, at any time, the sum of the Tranche A Commitments at such time.
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Examples of Tranche A Total Commitment in a sentence

  • Such repayment will not reduce the Tranche A Borrowing Base Amount or the Tranche A Total Commitment unless such cash represents Proceeds of Tranche A Borrowing Base Assets, in which case the provisions in Section 2.07(b)(i) and Section 2.07(b)(ii) above shall apply, as applicable.

  • Other than the initial Tranche B Loans to be made on the Closing Date, the Borrower may not borrow or reborrow any Tranche B Loans prior to the repayment in full of all of the Tranche A Loans and the cancellation, or permanent reduction to zero, of the Tranche A Total Commitment.

  • If at any time the sum of the outstanding amount of the Tranche A Loans exceeds the Tranche A Total Commitment then in effect, then the Borrower shall immediately pay the amount of such excess to the Agent for application to the Tranche A Loans.

  • With respect to its Pro Rata Share of the Tranche A Total Commitment hereunder, the Tranche A Revolving Loans made by it and the Tranche A Revolving Loan Notes issued to or held by it, the Agent shall have and may exercise the same rights and powers hereunder and is subject to the same obligations and liabilities as and to the extent set forth herein for any other Tranche A Lender or holder of a Tranche A Revolving Loan Note.

  • On each Remittance Date, the Borrowers shall pay to the Agent for the account of the Tranche A Lenders a non-usage fee of 0.50 percent per annum on the average daily difference in a given month between the Tranche A Total Commitment (inclusive of the Swing Line Commitment) in effect as of the prior Remittance Date (less the average daily LC Exposure for such month) and the outstanding principal of Tranche A Revolving Loans (the “Nonusage Fee”), payable monthly in arrears on each Remittance Date.

  • The Tranche A Total Commitment shall be reduced automatically by an amount equal to $3,500,000 on March 31, 2006.

  • Should the Tranche A Exposure exceed the Tranche A Borrowing Base Amount or the Tranche A Total Commitment at any time, the Borrowers shall within one (1) Business Day repay the Tranche A Revolving Loans in the amount of such deficiency.

  • On the Closing Date, after giving effect to the repayment by the Borrower of the Loans under the Original Agreement from the DZ Bank Securitization, the amount of availability under the Tranche A Total Commitment shall not be less than $2,000,000.

  • No reduction of the Tranche A Total Commitment may be reinstated.

  • With respect to its Pro Rata Share of the Tranche A Total Commitment hereunder, the Revolving Loans made by it and the Revolving Loan Notes issued to or held by it, the Agent shall have and may exercise the same rights and powers hereunder and is subject to the same obligations and liabilities as and to the extent set forth herein for any other Lender or holder of a Revolving Loan Note.


More Definitions of Tranche A Total Commitment

Tranche A Total Commitment. The sum of the Tranche A Commitments of the Tranche A Banks, as in effect from time to time, which shall not exceed the amount of $35,000,000."
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Tranche A Total Commitment means at any time the sum of the Tranche A Revolving Commitment and the Tranche A Term Commitment of all the Lenders.
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Related to Tranche A Total Commitment

  • Tranche A Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender's Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche A Commitments is $50,000,000.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Tranche B Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche B Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Tranche B Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche B Commitment, as the case may be. The initial aggregate amount of the Lenders’ Tranche B Commitments is $750,000,000.

  • Total Commitments at any time, the aggregate amount of the Commitments then in effect.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.