Voluntary Commitment Reductions definition

Voluntary Commitment Reductions. Voluntary reductions of the total commitments may be made on a permanent basis, subject to minimum amounts and notice.
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Examples of Voluntary Commitment Reductions in a sentence

  • Interest and Principal Payments; Voluntary Commitment Reductions.............

  • Any voluntary reductions to the Commitment made pursuant to Subsection 2.1.3 (Voluntary Commitment Reductions), mandatory reductions to the Commitment made pursuant to Subsections 2.

  • Voluntary Commitment Reductions 39 2.1.11 Mandatory Prepayments and Commitment Reductions 39 2.1.12 General Provisions Regarding Payments 41 2.1.13 Ratable Sharing 42 2.1.14 Making or Maintaining Loans 42 2.1.15 Increased Costs; Capital Adequacy 43 2.1.16 Taxes; Withholding, etc.

  • Interest and Principal Payments; Voluntary Commitment Reductions..............

  • ARTICLE IDefinitions and Terms 1.1. Definitions 2 1.2. Rules of Interpretation 27 ARTICLE IIThe Revolving Credit Facility 2.1. Revolving Loans 28 2.2. Payment of Interest 30 2.3. Payment of Principal 30 2.4. Manner of Payment 30 2.5. Notes 31 2.6. Pro Rata Payments 31 2.7. Voluntary Commitment Reductions 31 2.8. Conversions and Elections of Subsequent Interest Periods 32 2.9. Increase and Decrease in Available Amounts 32 2.10.

  • Interest and Principal Payments; Voluntary Commitment Reductions.

  • Voluntary Commitment Reductions and Prepayments 42 2.4 Allocation of Payments After Event of Default 44 2.5 Use of Proceeds 45 SECTION 3.

Related to Voluntary Commitment Reductions

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Aggregate Revolving Committed Amount means the aggregate Dollar Amount of Commitments in effect from time to time, being initially ONE BILLION FIVE HUNDRED MILLION DOLLARS ($1,500,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 or Section 2.24, as applicable, from time to time).

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the Issuing Banks for any amount drawn under any Letter of Credit, but not yet so applied), (b) the aggregate principal amount of all outstanding Swing Line Loans, and (c) the Letter of Credit Usage.