Bridge Commitments definition

Bridge Commitments means the Commitments (as defined in the Bridge Credit Agreement).
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Bridge Commitments means the commitments in respect to the facilities under each of (i) that certain Commitment Letter dated as of October 4, 2019 among Pacific Gas and Electric Company, as the borrower, PG&E Corporation and the commitment parties from time to time party thereto, as amended, modified or supplemented from time to time prior to the date hereof and (ii) that certain Commitment Letter dated as of October 4, 2019 among PG&E Corporation as the borrower, Pacific Gas and Electric Company and the commitment parties from time to time party thereto, as amended, modified or supplemented from time to time prior to the date hereof.
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Bridge Commitments means, as to each Lender, the obligation of such Lender to make Loans on the Funding Date, in an aggregate principal amount up to but not exceeding the amount set forth opposite such Lender’s name on Schedule I hereto under the caption “Bridge Commitment”, as such Bridge Commitment may be reduced from time to time pursuant to the terms hereof. The original aggregate amount of the Bridge Commitments is $850,000,000.
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Examples of Bridge Commitments in a sentence

  • Notwithstanding the foregoing or anything in the Amended Credit Agreement to the contrary, the Bridge Commitments shall only be funded after all of the Upsized Tranche B Commitments are fully funded.

  • With respect to its Bridge Commitments and the Loans made by it, the Administrative Agent in its capacity as a Lender hereunder shall have the same rights and powers hereunder as any other Lender and may exercise the same as though it were not acting as the Administrative Agent and the term “Lender” or “Lenders” shall, unless the context otherwise indicates, include the Administrative Agent in its individual capacity.

  • Repayments and Commitment Reductions: Bridge Loans may be prepaid and Bridge Commitments may be reduced, in whole or in part, in minimum amounts equal to $1,000,000 or a whole multiple thereof, at the option of the Borrower at any time upon three days’ prior notice, without premium or penalty but subject to reimbursement of the Lenders’ redeployment costs in the case of a prepayment of Bridge Loans prior to the last day of the relevant interest period.

  • Realized gains and losses on investments sold are recorded on the identified cost basis.

  • It being understood that the payment to the Bridge Managers of the full amount owing under this paragraph, if any, shall discharge you from your obligations under Section 3 hereof and such payment shall terminate (to the extent not theretofore terminated) the Bridge Commitments.

  • The Bridge Commitments shall terminate on the earlier of (i) the Funding Date and (ii) if the Closing Date has not yet occurred, July 30, 2016.

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  • Hence, the Bridge Commitments have committed to making capacity available to competing suppliers, but on the basis that offers will ‘… reasonably [reflect] the value of that existing capacity to the Shipper’.

  • Each Bridge Lender will be entitled to a commitment fee, payable quarterly in arrears, equal to 0.15% on the daily undrawn amount of its Bridge Commitments, which fee will accrue during the period beginning on June 24, 2017 and ending upon final repayment or termination of the Bridge Commitments.

  • If the Bridge Facility is not funded, the Bridge Commitments will automatically terminate upon the earliest of (i) December 25, 2017, (ii) the closing of the Merger without the use of the Bridge Facility and (iii) the abandonment by Parent of the Merger or the termination of Parent or Purchaser’s obligations under the Merger Agreement to consummate the Merger in accordance with its terms.


More Definitions of Bridge Commitments

Bridge Commitments means the commitments to provide a bridge facility to fund, in part, the Acquisition, including the payment of existing Target indebtedness, and to pay all or a portion of the costs incurred by the Company or any of its subsidiaries in connection with the Transactions, pursuant to the terms of the commitment letter, dated as of May 15, 2017, among the Company, Xxxxxxx Xxxxx Bank USA and Xxxxxxx Sachs Lending Partners LLC, as supplemented by the Supplemental Commitment Letter, dated as of May 26, 2017, among the Company, Xxxxxxx Xxxxx Bank USA, Xxxxxxx Sachs Lending Partners LLC, and, as joining parties Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd. and The Bank of Tokyo-Mitsubishi UFJ, Ltd.
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Related to Bridge Commitments

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being US$830,000,000 at the date of this Agreement.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A-3 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $250,000,000.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

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

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Term Commitments means an Initial Term Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Facility A Commitment means, with respect to any Lender, the principal amount set out beside such Lender's name in Schedule V with reference to Facility A, as amended from time to time, and to the extent not cancelled or terminated hereunder.

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

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.