Definition of US Tranche Revolving Commitment


US Tranche Revolving Commitment means, with respect to each US Tranche Lender, the commitment of such US Tranche Lender to make US Tranche Revolving Loans and to acquire participations in Letters of Credit issued under the US Tranche and US Tranche Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such US Tranche Lender's US Tranche Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) increased from time to time pursuant to Section 2.09 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 11.04. The initial amount of each US Tranche Lender's US Tranche Revolving Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such US Tranche Lender shall have assumed its US Tranche Revolving Commitment, as applicable. The aggregate amount of the US Tranche Revolving Commitments on the date hereof is the US Dollar Equivalent of $240,000,000.

Examples of US Tranche Revolving Commitment in a sentence

Within the limits of each U.S. Tranche Revolving Lenders U.S. Tranche Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow U.S. Tranche Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.01(b)(i).
Upon any reduction of the Revolving Commitments, the Letter of Credit Sublimit, the Swingline Sublimit, the U.S. Tranche Revolving Commitments or the Alternative Currency Tranche Revolving Commitments, the Revolving Commitment, the Letter of Credit Sublimit, the Swingline Sublimit, the U.S. Tranche Revolving Commitment and the Alternative Currency Tranche Revolving Commitment of each Revolving Lender, as applicable, shall be reduced by such Lenders Applicable Revolving Percentage of such reduction amount.
Aggregate US Tranche Revolving Commitment means, at any time, the sum of the US Tranche Revolving Commitments of all the US Tranche Revolving Lenders at such time.
Each reduction of the US Tranche Revolving Commitments shall be made ratably among the applicable Lenders in accordance with their respective US Tranche Revolving Commitment.
For the avoidance of doubt, the reduction in and termination of the UK Tranche Commitment (as defined in the Existing Credit Agreement) and the Canadian Tranche Commitment (as defined in the Existing Credit Agreement) pursuant to the Non-US Tranche Conversion and Termination shall be accompanied by a simultaneous increase (on a dollar-for-dollar basis) in the US Tranche Revolving Commitment.