Credit Commitment definition

Credit Commitment means the Lender’s commitment to make Loans up to the Available Credit of the Credit Facility, as such commitment may be reduced from time to time in accordance with this Agreement.

Credit Commitment has the meaning set forth in Section 2.1.

Credit Commitment means, as to each Lender, its obligation to (i) make Loans to the Borrower pursuant to Section 2.01, 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 under the caption “Credit Commitment” or opposite such caption 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.

Examples of Credit Commitment in a sentence

• Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Xxxxxx’s rights and obligations under this Agreement with respect to the Loans or the Revolving Credit Commitment assigned, except that this clause shall not apply to the Swing Line Lender’s rights and obligations in respect of Swing Line Loans.

• Subject to the terms and conditions set forth herein, each Revolving Credit Lender agrees to make Revolving Credit Loans to the Borrower from time to time during the Revolving Credit Availability Period in an aggregate principal amount that will not result in (i) such Xxxxxx’s Revolving Credit Exposure exceeding such Xxxxxx’s Revolving Credit Commitment or (ii) the total Revolving Credit Exposures exceeding the total Revolving Credit Commitments.

• Unless previously terminated, the Revolving Credit Commitments shall terminate on the Revolving Credit Commitment Termination Date.

• Each ABR Borrowing shall be in an aggregate amount equal to $1,000,000 or a larger multiple of $100,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused amount of the total Revolving Credit Commitment or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.07(f).

• Any reduction of the Aggregate Revolving Credit Commitments shall be applied to the Revolving Credit Commitment of each Revolving Credit Lender according to its Applicable Revolving Credit Percentage.

More Definitions of Credit Commitment

Credit Commitment means the Bank's obligation and agreement to make financial accommodations to Borrower upon and subject to the terms and conditions set forth in this Agreement.

Credit Commitment means, in the context of more than one Lender hereunder, the maximum amount to be loaned by such Lender to Borrower as set forth on Schedule 1 hereto or as such Credit Commitment may be amended from time to time or as such is adjusted from time to time amended pursuant to Section hereof.

Credit Commitment means the Revolving Credit Commitment or the Term Loan Commitment, as applicable.

Credit Commitment means, in relation to any particular Lender, the maximum amount with respect to the Revolving Credit Loan to be loaned by such Lender to Borrower as set forth on Schedule 1 hereto.

Credit Commitment means, in relation to any particular Lender, the sum of (i) the maximum amount with respect to the Revolving Credit Loan to be loaned by such Lender to Borrowers as set forth on Schedule 1 hereof, and (ii) the maximum amount with respect to the Term Construction Loan to be loaned by such Lender to Borrowers as set forth on Schedule 1 hereof.

Credit Commitment means, for each Loan Participant, the obligation of such Loan Participant to make Loans in an aggregate principal amount at any one time outstanding up to but not exceeding the amount set opposite the name of such Loan Participant in Schedule I under the caption “Credit Commitment” (as the same may be varied in accordance with any assignment of Credit Commitments pursuant to Section 12.06(b)). The original aggregate amount of the Credit Commitments is $213,000,000.

Credit Commitment means the obligation of Lender to make Loans to Borrower in the aggregate amount not to exceed $9,000,000.