UAE Revolving Commitment definition

UAE Revolving Commitment means, with respect to each UAE Revolving Lender, the commitment, if any, of such UAE Revolving Lender to make UAE Revolving Loans and to acquire participations in UAE Protective Advances and UAE Letters of Credit hereunder, expressed as an amount representing the maximum possible aggregate amount of such UAE Revolving Lender’s UAE Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to assignments by or to such UAE Revolving Lender pursuant to Section 9.04. The initial amount of each UAE Revolving Lender’s UAE Revolving Commitment is set forth in the UAE Joinder Agreement pursuant to which such UAE Revolving Lender becomes a UAE Revolving Lender hereunder, or in the Assignment and Assumption pursuant to which such UAE Revolving Lender shall have assumed its UAE Revolving Commitment, as applicable. Until such time as a UAE Revolving Lender enters into a UAE Joinder Agreement and Edgen ▇▇▇▇▇▇ PTE, Ltd. has entered into a Loan Party Joinder Agreement as a UAE Borrower hereunder, no UAE Revolving Commitments will be in effect pursuant to this Agreement. The aggregate amount of the UAE Revolving Commitments shall not exceed $15,000,000.
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Examples of UAE Revolving Commitment in a sentence

  • The UAE Borrower agrees to pay to the UAE Administrative Agent for the account of each UAE Revolving Lender a commitment fee, which shall accrue at the then applicable Commitment Fee Rate-UAE on the average daily unused amount of the UAE Revolving Commitment of such Revolving Lender during the period from and including the date a UAE Revolving Commitment becomes effective pursuant to a UAE Joinder Agreement to but excluding the date on which the UAE Revolving Lenders’ Commitments terminate.

Related to UAE Revolving Commitment

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • New Revolving Commitments has the meaning specified in Section 2.15.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).