Aggregate Line Commitment definition

Aggregate Line Commitment means an Aggregate Commitment of $720,000,000 plus any increase in the Aggregate Commitment under Section 2.8 of the Credit Agreement, which is not a Term Commitment.
Sample 1Sample 2
Aggregate Line Commitment means the sum of all Banks' Line Commitments.
Sample 1
Aggregate Line Commitment means $900,000,000 as of the Agreement Effective Date, less any designated decrease in the Aggregate Line Commitment pursuant to Section 2.7, plus any designated increase in the Aggregate Line Commitment pursuant to Section 2.8.
Sample 1

Examples of Aggregate Line Commitment in a sentence

  • On January 1, 2001, the Aggregate Line Commitment under the Credit Agreement will automatically decrease to $50,000,000.

  • The Borrower shall pay to the Administrative Agent, at the time of the Extension Request, for the benefit of the Lenders holding Line Commitments an extension fee equal to fifteen one-hundredths of one percent (0.15%) of the then-current Aggregate Line Commitment.

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  • The Unused Fee shall be payable quarterly in arrears on the first Banking Day of each calendar quarter (for the prior calendar quarter) and upon any termination of the Aggregate Line Commitment in its entirety.

  • The Company has requested that the Aggregate Line Commitment under the Credit Agreement be increased on a temporary basis from $50,000,000 to $80,000,000 through December 31, 2000.

  • The Administrative Agent shall promptly notify the Lenders of any reduction or termination of the Aggregate Line Commitment under this Section.

  • Any reduction of the Aggregate Line Commitment shall be allocated pro rata among the Line Lenders in accordance with their respective Percentages of the Aggregate Line Commitment.

  • Upon any such reduction of the Aggregate Commitment, the Swing Loan Lender and the Administrative Agent may each elect, at its option, to reduce the Swing Loan Commitment or the maximum amount of Letter of Credit Exposure pursuant to Section 2.6(a), as the case may be, by the same percentage as the percentage reduction in the Aggregate Line Commitment.

  • Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the “Unused Fee”) equal to an aggregate amount computed on a daily basis by multiplying (i) the Unused Fee Percentage, expressed as a per diem rate, times (ii) the excess of the Aggregate Line Commitment over the Outstanding Line Amount on such day.

  • Upon any such reduction of the Aggregate Line Commitment, the Swing Line Bank and the Administrative Agent may each elect, at its option, to reduce the Swing Loan Commitment or the maximum amount of Letter of Credit Exposure pursuant to Section 2.6(a), as the case may be, by the same percentage as the percentage reduction in the Aggregate Line Commitment.


More Definitions of Aggregate Line Commitment

Aggregate Line Commitment means, subject to Section 2.7 and Section 2.8, Two Hundred Fifty Million Dollars ($250,000,000). The respective Line Commitments and Percentages of the Banks with respect to the Aggregate Line Commitment are set forth on Schedule 1.1.
Sample 1

Related to Aggregate Line Commitment

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swingline Commitment the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $150,000,000.

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

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders, as adjusted from time to time in accordance with the terms hereof. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is SEVEN HUNDRED MILLION DOLLARS ($700,000,000.00).

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • Revolving Credit Aggregate Commitment means Eighty Million Dollars ($80,000,000.00), subject to increases pursuant to Section 2.12 hereof up to the Revolving Credit Optional Increase Amount, and subject to reduction or termination under Section 2.11 or 9.2 hereof.

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Aggregate Revolving Credit Commitment means the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at any given time. The Aggregate Revolving Credit Commitment on the Closing Date is $1,250,000,000.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $50,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.