US Revolving Loan Commitment definition

US Revolving Loan Commitment means (a) as to any US Revolving Lender, the aggregate commitment of such US Revolving Lender to make US Revolving Credit Advances as set forth on Annex I to the Agreement or in the most recent Assignment Agreement executed by such US Revolving Lender and (b) as to all US Revolving Lenders, the aggregate commitment of all US Revolving Lenders to make US Revolving Credit Advances, which aggregate commitment shall be Thirteen Million Five Hundred Thousand US Dollars (US$13,500,000), as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.
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US Revolving Loan Commitment means, with respect to each US Revolving Lender, the commitment, if any, of such Lender to make US Revolving Loans hereunder during the Revolving Availability Period, expressed as an amount expressed in US Dollars representing the maximum potential aggregate amount of such Lender’s US Revolving Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 or 2.20(b) and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04 or 10.11(b). The initial amount of each US Revolving Lender’s US Revolving Loan Commitment is set forth opposite such Lender’s name in Schedule I directly below the column entitled “US Revolving Loan Commitment”, or in the Assignment and Assumption Agreement pursuant to which such Lender shall have assumed its US Revolving Loan Commitment, as applicable. The initial aggregate amount of the US Revolving Lenders’ US Revolving Loan Commitments is $75,000,000.
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US Revolving Loan Commitment is defined in clause (a) of Section 2.1.1.
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Examples of US Revolving Loan Commitment in a sentence

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

  • For purposes of computing Commitment Fees with respect to US Revolving Loan Commitments, a US Revolving Loan Commitment of a Lender shall be deemed to be used to the extent of the outstanding US Revolving Loans and LC Exposure of such Lender (and the Swingline Exposure of such Lender shall be disregarded for such purpose).

  • The Borrowers’ right to reallocate the unused Canadian Revolving Loan Commitment Amount and the unused U.S. Revolving Loan Commitment Amount pursuant to, respectively, Sections 2.2.3 and 3.2.2 of the Credit Agreement is suspended.

  • Revolving Lenders, as the case may be, in accordance with their Pro Rata Share of the US Revolving Loan Commitment or Cdn.

  • Revolving Loan Commitment and (B) the Canadian Borrowing Base, Lower Lakes shall immediately repay such excess, and if on any day, the aggregate outstanding balance of the US Revolving Loans (including, for greater certainty, all Advances under the US Seasonal Facility) and US Swing Line Loans exceeds the lesser of (A) the US Revolving Loan Commitment and (B) the US Borrowing Base, LLTC shall immediately repay such excess.


More Definitions of US Revolving Loan Commitment

US Revolving Loan Commitment means $200,000,000 (U.S.) as such amount may be reduced in accordance with Section 2.10.
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US Revolving Loan Commitment shall have the meaning set forth in the Credit Agreement.
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US Revolving Loan Commitment means (a) as to any Lender, the aggregate commitment of such Lender to make US Revolving Credit Advances or incur US Letter of Credit Obligations as set forth on Annex J to the Agreement or in the most recent Assignment Agreement executed by such Lender and (b) as to all US Lenders, the aggregate commitment of all US Lenders to make US Revolving Credit Advances or incur US Letter of Credit Obligations, which aggregate commitment shall be Two Hundred and Twenty-Five Million Dollars ($225,000,000) on the Closing Date, as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.
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US Revolving Loan Commitment means (a) as to any Lender, the aggregate commitment of such Lender to make US Revolving Credit Advances or incur Letter of Credit Obligations as set forth on Annex J to the Agreement or in the most recent Assignment Agreement executed by such Lender and (b) as to all Lenders, the aggregate commitment of all Lenders to make Revolving Credit Advances or incur Letter of Credit Obligations, which aggregate commitment shall be Sixty-Four Million Dollars ($64,000,000) on the Closing Date, as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.
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US Revolving Loan Commitment means, relative to any Lender, such Lender’s obligation (if any) to make U.S. Revolving Loans pursuant to clause (b) of Section 2.1.1 in accordance with its U.S. Revolving Loan Percentage.
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US Revolving Loan Commitment means the "Revolving Loan Commitment" under and as defined in the US Credit Agreement.
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US Revolving Loan Commitment means the commitment of a US Revolving Lender to make US Revolving Loans to the US Borrowers pursuant to subsection 2.1(b)(i), and "US REVOLVING LOAN COMMITMENTS" means such commitments of all US Revolving Lenders in the aggregate. "US REVOLVING LOAN EXPOSURE" of a US Lender means the principal amount of such Lender's US Revolving Loans outstanding plus such Lender's Proportionate Share of outstanding US Letter of Credit Obligations.
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