Examples of Aggregate Commitment Amounts in a sentence
At no time shall the aggregate amount of all Loans outstanding at any time exceed the lesser of (A) the Borrowing Base, and (B) the Aggregate Commitment Amounts at such time.
Upon the effective date (the “Increase Date”) of an increase in any Bank’s Revolving Commitment Amount or inclusion of a New Bank as a Bank under this Agreement (the “Subject Bank”), the Agent shall deliver to the Borrower and each Bank a notice setting forth the revised Aggregate Commitment Amounts.
Upon the effective date (the “Increase Date”) of an increase in any Lender’s Commitment Amount or inclusion of a New Lender as a Lender under this Agreement (the “Subject Lender”), Agent shall deliver to the Company and each Lender a revised Schedule 1.1(a) reflecting the revised Aggregate Commitment Amounts.
Within one Business Day following the receipt of the initial proceeds of the 12b-1 Sale, the Borrowers shall prepay the Loans, and the Aggregate Commitment Amounts shall be reduced, by an amount equal to Eleven Million Seven Hundred Fifty Thousand Dollars ($11,750,000).
Each such reduction in the Aggregate Commitment Amounts shall be applied first, to the Aggregate Reserve Commitment Amount, and second, to the Aggregate Base Commitment Amount.
Facsimile signatures shall constitute originals for all purposes hereof.
On such date, the Aggregate Commitment Amounts listed on Schedule 1.1 shall be reduced to reflect the termination of such Banks' Commitments.
Upon the effective date of an increase in any Lender’s Commitment Amount or inclusion of a New Lender as a Lender under this Agreement, Agent shall deliver to the Borrowers and each Lender a revised Schedule 5 reflecting the revised Aggregate Commitment Amounts and the Borrowers shall execute and deliver to such Lender or such New Bank a Note increasing its Commitment Amount.
Aggregate Commitment Amounts prior to this Notice: $ (b) Amount of Requested Increase $ (must be a multiple of $1,000,000 and not less than $25,000,000) (c) Aggregate Commitment Amounts after Requested Increase: $ (must not exceed $400,000,000) As of the date hereof, the Applicants satisfy all of the conditions under the Credit Agreement for such an increase in the aggregate Commitment Amounts.
The Borrower may, at any time, upon not less than five Business Days prior written notice to the Agent, reduce the Commitment Amounts, ratably, with any such reduction in a minimum aggregate amount for all the Banks of $1,000,000 or, if more, in an integral multiple of $1,000,000; PROVIDED, HOWEVER, that the Borrower may not at any time reduce the Aggregate Commitment Amounts below the Total Outstandings.