Uncommitted Credit Facility definition

Uncommitted Credit Facility means any uncommitted, discretionary demand credit facility made available from time to time by the Bank to one or more of the Borrowers, on behalf of one or more of the Funds, as such credit facility may be in effect from time to time.
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Examples of Uncommitted Credit Facility in a sentence

  • The Total Amount of Uncommitted Credit Facility at Approval, as indicated on the first page of the Agreement, shall be deleted and replaced with One Hundred Ten Million Dollars ($110,000,000.00).

  • In addition to Debtor’s obligations, representations and warranties hereunder, Debtor shall pay to Secured Party an Annual Renewal Fee equal to one hundred dollars ($100.00) for every one million dollars ($1,000,000.00) of the Total Amount of Uncommitted Credit Facility less the amount of all vendor program lines by which Secured Party or De ▇▇▇▇ ▇▇▇▇▇▇ Financial Services, Inc.

  • Re: Uncommitted Credit Facility for Short-Term Loans Ladies/Gentlemen: We are pleased to make available to you an uncommitted credit facility for general corporate purposes on the terms set forth in this letter (the "Letter Agreement").

  • The Total Amount of Uncommitted Credit Facility at Approval, as indicated on the first page of the Agreement, shall be deleted and replaced with Thirty Million Dollars ($30,000,000.00).

  • The Agreement shall be amended as follows: The Total Amount of Uncommitted Credit Facility at Approval, as indicated on the first page of the Agreement, shall be deleted and replaced with Ninety Million Dollars ($90,000,000.00).

  • The Borrower shall not, nor shall it permit any of its Subsidiaries to, amend, modify or change any Uncommitted Credit Facility Agreement or the Term Loan Credit Agreement, in each case in a manner materially adverse to the interests of the Lenders without the prior written consent of the Administrative Agent.

  • This First amendment shall become effective on the date (the "Effective Date") on which the following conditions precedent shall be fulfilled to the satisfaction of RZB: RZB shall have received this First Amendment duly executed by all parties hereto, a replacement Promissory Note in the maximum amount of $20,000,000, amendments to the Deeds of Trust previously executed by the Borrower reflecting the increase in the Uncommitted Credit Facility, and such corporate authorization documents a RZB may request.

  • The Borrower shall not, nor shall it permit any of its Subsidiaries to, amend, modify or change any Uncommitted Credit Facility Agreement in a manner materially adverse to the interests of the Lenders without the prior written consent of the Administrative Agent.