Commitment Reserves definition

Commitment Reserves means any and all reserves which (a) the Administrative Agent deems necessary, in its Permitted Discretion, to establish with respect to the maximum amount available for borrowing under any of the US Revolving Commitments, UK Revolving Commitments or Canadian Revolving Commitments, (b) the Singapore Administrative Agent deems necessary, in its Permitted Discretion, to establish with respect to the maximum amount available for borrowing under the Singapore Revolving Commitments, and (c) the UAE Administrative Agent deems necessary, in its Permitted Discretion, to establish with respect to the maximum amount available for borrowing under the UAE Revolving Commitments. Such Commitment Reserves include, without limitation, reserves for accrued and unpaid interest on the Obligations, reserves for contingent liabilities of any Loan Party, reserves for Swap Obligations, Banking Services Reserves, Rent Reserves, reserves for other charges at consignee, warehouse and bailee locations, reserves for customs and shipping charges for inventory in transit, and reserves for taxes, fees, assessments, and other governmental charges; provided, that Commitment Reserves shall not include any reserves specifically included by the Administrative Agent as “Borrowing Base Reserves”.
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Commitment Reserves means, as of any given date, an amount equal to the credit exposure of Lender due to (a) outstanding letters of credit issued by Xxxxxx on behalf of Borrower; or (b) any Swap Obligations of Borrower owed to Lender.
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Commitment Reserves means any and all reserves which the Administrative Agent deems necessary, in its Permitted Discretion, to establish with respect to the maximum amount available for borrowing under the Revolving Commitments. Such Commitment Reserves include, without limitation, reserves for accrued and unpaid interest on the Obligations, reserves for Swap Obligations, the Special Vendor Payable Reserve, the Rent Reserve, reserves for other charges at consignee, warehouse and bailee locations, reserves for customs and shipping charges for inventory in transit and reserves for taxes, fees, assessments, and other governmental charges, and the Canadian Employee Funding Liability Reserve; provided, that Commitment Reserves shall not include any reserves (a) specifically described under the definition of “Borrowing Base Reserves” or (b) for scheduled payments of amounts then owing under the Senior Notes to the extent the Availability Block is then in effect.
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Examples of Commitment Reserves in a sentence

  • As shown in Table 9, the Wastewater Collection Utility CIP Reappropriation and Commitment Reserves totaled $12.2 million at the end of Q3 FY 2016, of which $10.4 million was committed to projects under contract.

  • The Electric Utility CIP Reappropriation and Commitment Reserves totaled $12 million at the end of Q3 FY 2019.

  • The Water Utility CIP Reappropriation and Commitment Reserves totaled over $20.4 million at the end of Q3 FY 2019.

  • As shown in Table 10, the Water Utility CIP Reappropriation and Commitment Reserves totaled$17.2 million at the end of Q3 FY 2016, of which $6.2 million was for projects under contract.

  • As shown in Table 7, the Electric Utility CIP Reappropriation and Commitment Reserves totaled$14.2 million at the end of Q3 FY 2016, of which $3.5 million was under contract.

  • The Gas Utility CIP Re-appropriation and Commitment Reserves totaled $7.5 million at the end of Q3 FY 2019.

  • Cooperate with the Engineer in protecting and preserving survey monuments that are affected by the Work as required by ORC 5519.05.

  • The Wastewater Collection Utility CIP Reappropriation and Commitment Reserves totaled $5.4 million at the end of Q3 FY 2019.

  • A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit each Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $20,000,000 and (ii) the total Revolving Exposures shall not exceed (A) the lesser of the total Revolving Commitments and the Borrowing Base, minus (B) the Commitment Reserves.

  • The Wastewater Collection Utility CIP Reappropriation and Commitment Reserves totaled $ 4.6 million at the end of FY 2022.


More Definitions of Commitment Reserves

Commitment Reserves means any and all reserves which the Administrative Agent deems necessary, in its Permitted Discretion, to establish with respect to the maximum amount available for borrowing under the Revolving Commitments. Such Commitment Reserves include, without limitation, reserves for accrued and unpaid interest on the Obligations, reserves for Swap Obligations, the Special Vendor Payable Reserve, the Rent Reserve, reserves for other charges at consignee, warehouse and bailee locations, reserves for customs and shipping charges for inventory in transit and reserves for taxes, fees, assessments, and other governmental charges, and the Canadian Employee Funding Liability Reserve; provided, that Commitment Reserves shall not include any reserves specifically described under the definition of "Borrowing Base Reserves".
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Commitment Reserves means any and all reserves which the Administrative Agent deems necessary, in its Permitted Discretion, to establish with respect to the maximum amount available for borrowing under the Revolving Commitments and which will be deducted from the lower of the Borrowing Base and the aggregate Revolving Commitments. Such Commitment Reserves include, without limitation, reserves for accrued and unpaid interest on the Obligations, reserves for Swap Obligations, the Special Vendor Payable Reserve, the Rent Reserve, reserves for other charges at consignee, warehouse and bailee locations and reserves for customs and shipping charges for inventory in transit and reserves for taxes, fees, assessments, and other governmental charges; provided, that Commitment Reserves shall not include any reserves specifically described under the definition of “Borrowing Base Reserves”.
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Related to Commitment Reserves

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Available Commitment means a Lender’s Commitment minus:

  • 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.

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

  • 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.

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

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

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

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

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