Commitment Decrease definition

Commitment Decrease has the meaning assigned to such term in Section 2.09(d)(i).
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Commitment Decrease means any reduction of the Revolving Commitments of any Class pursuant to Section 2.09(b).
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Commitment Decrease has the meaning assigned to such term in Section 2.09(d)(i). “Commitment Increase” has the meaning assigned to such term in Section 2.09(d)(i). “Commitment Letter” means (a) the Commitment Letter dated August 15, 2014, among the Company, JPMorgan Chase Bank, N.A., X.X. Xxxxxx Securities LLC, Bank of America N.A., Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, BNP Paribas, BNP Paribas Securities Corp., Royal Bank of Canada, RBC Capital Markets, The Royal Bank of Scotland plc and RBS Securities Inc, and (b) solely for purposes of Section 9.06, the Commitment Letter dated January 14, 2016, among the Company, JPMorgan Chase Bank, N.A., X.X. Xxxxxx Securities LLC, Bank of America N.A., Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, BNP Paribas, BNP Paribas Securities Corp., Mizuho Bank, Ltd. and HSBC Bank USA, National Association, and (c) solely for purposes of Section 9.06, the Commitment Letter dated May 11, 2018, among the Company, JPMorgan Chase Bank, N.A., Bank of America N.A., Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, BNP Paribas, BNP Paribas Securities Corp., Mizuho Bank, Ltd. and HSBC Bank USA, National Association. “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any Loan Party pursuant to any Loan Document or the transactions contemplated therein that is distributed to any Agent, any Lender or any Issuing Bank by means of electronic communications pursuant to Section 9.01, including through the PlatformElectronic Systems. “Company” means Expedia Group, Inc., a Delaware corporation. 9
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Examples of Commitment Decrease in a sentence

  • So long as no Default or Event of Default shall exist or immediately thereafter shall begin to exist, on the first day after the last day of each Seasonal Commitment Decrease Period, the Total Commitment Amount shall automatically be increased to the Maximum Commitment Amount.

  • The Total Commitment Amount shall remain reduced pursuant to this subpart (i) during the Seasonal Commitment Decrease Period unless and until increased pursuant to subpart (ii) below.

  • On such date the Maximum Amount for each Bank shall be decreased to the amount set forth opposite such Bank's name under the column headed "Maximum Amount during Seasonal Commitment Decrease Period." On the date of each such reduction, Borrowers shall have prepaid an aggregate amount of Loans, together with interest and facility and other fees accrued and unpaid thereon, so that the Revolving Credit Exposure shall not exceed the Total Commitment Amount as then in effect.

  • On the first day of each Seasonal Commitment Decrease Period, without notice of any kind to Borrowers, the Total Commitment Amount shall automatically be reduced to the Seasonal Reduced Commitment Amount.

  • In accordance with the terms of this Section, the Revolving Commitment Decrease Notice must specify the amount of the proposed decrease and the date upon which the decrease is requested to be effective.

  • The Borrower may from time to time permanently reduce, in whole or in part, the Commitment and the Tranche FX Commitment, the Tranche L Commitment and/or the Tranche S Commitment then in effect by submitting a Commitment Decrease Request setting forth the proposed Commitment and the proposed Tranche FX Commitment, Tranche L Commitment and/or Tranche S Commitment.

  • On such date the Maximum Amount for each Bank shall be increase to the amount set forth opposite such Bank's name under the column headed "Maximum Amount other than during any Seasonal Commitment Decrease Period." The Total Commitment Amount shall remain increased pursuant to this subpart (ii) until decreased pursuant to subpart (i) above.

  • Xxxxx Xxxxxxx ----------------------------- ---------------------------- Commitment: $25,000,000 Commitment Percentage prior to Commitment Decrease Date: 12.5% Commitment Percentage after Commitment Decrease Date: 13.1579% Notice Address: Societe Generale Xxxxxxx Xxxx Center 0000 Xxxx Xxxxxx, Suite 4900 Dallas, TX 75201 Attn: Xxxxxx Xxxxx Phone: (000)000-0000 WITNESS: COMMERZBANK AG -------------------------- By: /s/ J.

  • Xxxxxxx Shortly Xxxx Xxxxxx Senior Vice President Assistant Vice President Commitment: $20,000,000 Commitment Percentage prior to Commitment Decrease Date: 10% Commitment Percentage after Commitment Decrease Date: 10.52631% Notice Address: Commerzbank AG 000 Xxxxx Xxxxxx Xxxxx Suite 5800 Chicago, IL 60606 Attn: J.

  • The payment from the Borrower to be received by the Agent on the Commitment Decrease Date shall be distributed among the Lenders so that after the Commitment Decrease Date the outstanding principal amount of Loans owed to each Lender shall be equal to such Lender's Commitment Percentage (after the Commitment Decrease Date) of the outstanding amount of all Loans.


More Definitions of Commitment Decrease

Commitment Decrease has the meaning set forth in Section 2.18.
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Related to Commitment Decrease

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

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

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

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

  • 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.

  • Initial Revolving Credit Commitment means, with respect to any Person, the commitment of such Person to make Initial Revolving Loans (and acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on the Commitment Schedule, or in the Assignment Agreement pursuant to which such Person assumed its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 or 2.19, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05 or (c) increased pursuant to Section 2.22. The aggregate amount of the Initial Revolving Credit Commitments as of the Closing Date is $75,000,000.

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

  • Commitment Annex means Annex A to this Agreement.

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

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

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

  • Commitment Date has the meaning specified in Section 2.18(b).

  • Initial Revolving Facility means the Initial Revolving Credit Commitments and the Initial Revolving Loans and other extensions of credit thereunder.

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

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • 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).

  • 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 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.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

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

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).