UK Revolving Commitment means, with respect to each UK Revolving Lender, the commitment, if any, of such UK Revolving Lender to make UK Revolving Loans and to acquire participations in UK Protective Advances, UK Letters of Credit, and UK Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such UK Revolving Lender’s UK Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to assignments by or to such UK Revolving Lender pursuant to Section 9.04 or (b) increased from time to time pursuant to Section 2.22. The initial amount of each UK Revolving Lender’s UK Revolving Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such UK Revolving Lender shall have assumed its UK Revolving Commitment, as applicable. The initial aggregate amount of the UK Revolving Lenders’ UK Revolving Commitments is $50,000,000.
UK Revolving Commitment means, with respect to each U.K. Revolving Lender, the commitment of such Lender to make U.K. Revolving Loans in the aggregate principal amount outstanding not to exceed the amount set forth opposite such Lender’s name on the Commitment Schedule, attached hereto as Schedule 1.01, under the caption “U.K. Revolving Commitment”, as amended to reflect each Assignment and Assumption executed by such Lender and as such amount may be reduced pursuant to this Agreement, and “U.K. Revolving Commitments” shall mean the aggregate U.K. Revolving Commitments of all U.K. Revolving Lenders, which amount, initially as of the Closing Date, shall be $10.0 million.
UK Revolving Commitment means, with respect to each Lender, such Lender’s Applicable Percentage of $15,000,000. For the avoidance of doubt, the UK Revolving Commitments are a sub-facility under the Commitments and not a separate facility.
Examples of UK Revolving Commitment in a sentence
Within the limits of the U.K. Revolving Commitment of each U.K. Revolving Lender and the U.K. Revolving Available Credit, amounts of U.K. Revolving Loans repaid may be reborrowed by the U.K. Borrower or the U.S. Borrower under this Section 2.01(a)(ii).
The UK Borrower agrees to pay to the UK Administrative Agent for the account of each UK Revolving Lender a commitment fee, which shall accrue at the then applicable Commitment Fee Rate on the average daily unused amount of the UK Revolving Commitment of such Revolving Lender during the period from and including the Effective Date to but excluding the date on which the UK Revolving Lenders’ Commitments terminate.
The aggregate amount of each Revolving Lender’s Pro Rata Share of the Revolving Loans and Letter of Credit Accommodations shall not exceed the amount of such Revolving Lender’s US Revolving Loan Commitment or UK Revolving Commitment (as applicable) as set forth on Exhibit B attached hereto, as the same may from time to time be amended in accordance with the provisions hereof.
More Definitions of UK Revolving Commitment
UK Revolving Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make UK Revolving Loans and to acquire participations in Protective UK Advances and Letters of Credit issued for the account of the UK Borrower hereunder, expressed as an amount in Dollars representing the maximum possible aggregate amount of such Lender’s Revolving Exposure hereunder, as such commitment may be (a) increased from time to time pursuant to Section 2.09(d), (b) reduced from time to time pursuant to the other provisions of Section 2.09 and (c) 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 UK Revolving Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its UK Revolving Commitment, as applicable. The initial aggregate amount of UK Lenders’ UK Revolving Commitments is $25,000,000.
UK Revolving Commitment means, with respect to each U.K. Revolving Lender, the commitment of such Lender to make U.K. Revolving Loans in the aggregate principal amount
UK Revolving Commitment means, with respect to each U.K. Revolving Lender, the commitment of such Lender to make U.K. Revolving Loans in the aggregate principal amount outstanding not to exceed the amount set forth opposite such Lender’s name on the Commitment Schedule under the caption “U.K. Revolving Commitment”, as amended to reflect each Assignment and Assumption executed by such Lender and as such amount may be reduced pursuant to this Agreement, and “U.K.
UK Revolving Commitment means, with respect to any UK Revolving Lender, the obligation of such UK Revolving Lender to make UK Revolving Loans, as such commitment may be adjusted from time to time pursuant to this Agreement, which commitment as of the date hereof is the amount set forth opposite such Lender's name on Schedule 1.1(a) hereto under the caption "Amount of UK Revolving Commitment" as the same may be adjusted from time to time pursuant to the terms hereof and "UK Revolving Commitments" means such commitments collectively, which commitments equal $10,000,000 in the aggregate as of the date hereof.
UK Revolving Commitment means, with respect to each UK Revolving Lender, the commitment of such Lender to make UK Revolving Loans, as such commitment may be (a) reduced from time to time pursuant to Section 2.11 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The amount of each Lender’s UK Revolving Commitment as of the Second Amendment and Restatement Effective Date is set forth on Schedule 2.04, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its UK Revolving Commitment as the date of such Assignment and Acceptance, as applicable. The aggregate amount of the Lenders’ UK Revolving Commitments as of the Second Amendment and Restatement Effective Date is £6,000,000.
UK Revolving Commitment means (a) as to any UK Revolving Lender, the aggregate commitment in U.S. Dollars of such UK Revolving Lender to make UK Revolving Credit Advances or incur UK Letter of Credit Obligations as set forth on Annex I to the Agreement or in the most recent Assignment Agreement, Extension Agreement or Joinder Agreement, as applicable, executed by such UK Revolving Lender and (b) as to all UK Revolving Lenders, the aggregate commitment in U.S. Dollars of all UK Revolving Lenders to make UK Revolving Credit Advances or incur UK Letter of Credit Obligations, which aggregate commitment shall be $28,000,000 on the Fourth Amendment Effective Date, as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.
UK Revolving Commitment means, at any time, as to any UK Lender, the principal amount set forth opposite such UK Lender’s name on Exhibit B hereto designated as such UK Lender’s UK Revolving Commitment or on Schedule 1 to the Assignment and Acceptance Agreement pursuant to which such UK Lender became a UK Lender hereunder in accordance with the provisions of Section 13.6 hereof, as the same may be adjusted from time to time in accordance with the terms hereof; sometimes being collectively (as to all UK Lenders) referred to herein as the “UK Revolving Commitments”.