US Loan Commitment definition

US Loan Commitment means the commitment by the Servicer to make Advances to a US Borrower in US Dollars in the amount not exceeding, and upon the terms described in, the applicable Funding Approval Notice and the applicable Loan Documents, which US Loan Commitment may be a US Line of Credit Commitment, US Revolving Commitment or a US Term Loan Commitment.
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US Loan Commitment as to any Lender, its obligation to make a Loan to the U.S. Borrower pursuant to subsection 2.1(a) in an aggregate amount not to exceed 0,51665 of its Loan Commitment; collectively, as to all Lenders, the “U.S. Loan Commitments.”
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US Loan Commitment means, with respect to each Lender, the amount set forth opposite such Lender’s name on Schedule I hereto under the heading “U.S. Loan Commitment” (as such Schedule may be updated by any SPV from time to time by notice to the Facility Agent and the Administrators), or in the case of a Lender which becomes a party hereto pursuant to an Assignment and Assumption Agreement, as set forth in such Assignment and Assumption Agreement, minus the amount of any U.S. Loan Commitment or portion thereof assigned by such Lender pursuant to an Assignment and Assumption Agreement or any reductions in such Lender’s U.S. Loan Commitment pursuant to Section 2.4 hereof, plus the amount of any increase to such Lender’s U.S. Loan Commitment consented to by such Lender prior to the time of determination; provided, however, that from and after the Amortization Date, the amount of the U.S. Loan Commitment of any Lender shall equal the aggregate outstanding principal amount of all the U.S. Loans of such Lender outstanding as of the date of determination, and provided, further, that from and after the Termination Date or the Maturity Date, the amount of the U.S. Loan Commitment of any Lender shall equal zero.
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Examples of US Loan Commitment in a sentence

  • The U.S. Borrower may make only one borrowing under the U.S. Loan Commitment which shall be on the Closing Date.

  • Subject to the terms and conditions hereof, each Lender severally agrees to make a loan in Dollars to the U.S. Borrower on the Closing Date, in a principal amount equal to such Lender’s U.S. Loan Commitment.

  • Each Lender’s U.S. Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s U.S. Loan Commitment on such date.

  • Any reduction of the Canadian Commitment shall not result in a pro rata or any other reduction of the Canadian L/C Sublimit unless so designated in writing by Canadian Borrower Representative or of the US Loan Commitment.

  • Neither the US Loan Commitment nor the Canadian Commitment shall be permanently reduced by the amount of any such prepayments.

  • Notwithstanding anything contained in this Agreement to the contrary, upon any termination of the US Loan Commitment, all of the US Obligations (other than contingent indemnification obligations as to which no claim has been asserted) shall be due and payable.

  • All insurance proceeds that are to be made available to such US Borrower to replace, repair, restore or rebuild the US Collateral shall be applied by US Agent to reduce the outstanding principal balance of the US Loan (which application shall not result in a permanent reduction of the US Loan Commitment) and upon such application, US Agent shall establish a Reserve against the Aggregate US Borrowing Base in an amount equal to the amount of such proceeds so applied.

  • Each such note shall be in the principal amount of the US Loan Commitment of the applicable US Lender denominated in Dollars, dated the date such requesting US Lender became a US Lender hereunder and substantially in the form of Exhibit 1.1(a)(i) (each as amended, modified, extended, substituted, or replaced from time to time, a “US Note” and, collectively, the “US Notes”).

  • The Pro Rata Share of the US Loan of any US Lender shall not at any time exceed its separate US Loan Commitment.

  • Written notices for funding requests under the US Loan Commitment shall be in the form attached as Exhibit 1.1(a)(ii) (“Notice of US Revolving Credit Advance”).

Related to US Loan Commitment

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Loan Commitment means, with respect to a Loan, the maximum aggregate amount, as defined by Lender in the applicable Commitment Letter, of advances available to be disbursed on such Loan.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.