Uncommitted Facility Commitment definition

Uncommitted Facility Commitment means, as of any date, the commitment (but subject to the terms of Section 2.1 and Section 2.9 in all respects) of the Bank hereunder to make Loans to the Borrowers in an aggregate principal amount not exceeding $25,000,000 at any one time outstanding, as such commitment may be reduced or canceled from time to time pursuant to Section 2.3 and Section 2.9, respectively.
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Examples of Uncommitted Facility Commitment in a sentence

  • In all other events (including in the event that the Bank fails to respond to such request or, with respect to the Uncommitted Facility Commitment, the Bank exercises its cancellation rights under Section 2.9), the then existing Scheduled Commitment Termination Date shall not be extended.

  • Any Loan funded by the Bank pursuant to this Agreement shall be allocated against the Committed Facility Commitment or the Uncommitted Facility Commitment in the discretion of the Bank, provided, at the time of the Bank making any such Loan, the Bank shall provide notice to the applicable Borrower indicating whether such Loan has been allocated against the Committed Facility Commitment or the Uncommitted Facility Commitment.

  • There shall be no commitment fees payable on the Uncommitted Facility Commitment.

Related to Uncommitted Facility Commitment

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.