New Money Commitments definition

New Money Commitments means credit facilities (or other facilities under which credit exposures may arise) provided by any Senior Finance Party to a Group Company after the date of this deed in addition to those which the Senior Finance Parties are committed to provide under the Senior Finance Documents in force as at the date of this deed (but credit exposures in relation to any Hedging Agreement entered into after the date of this deed will not be New Money Commitments);
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New Money Commitments means credit facilities (or other facilities under which credit exposures may arise) provided by any Senior Finance Party to a Group Company after the date of this deed in addition to those which the Senior Finance Parties are committed to provide under the Senior Finance Documents in force as at the date of this deed;
Sample 1
New Money Commitments shall be defined as (a) $150,000,000 minus (b) the face amount of the Refinanced L/Cs. Unused Commitment Fee: 0.5% per annum on daily average unused amount of the New Money Commitments payable monthly in arrears and on the Maturity Date.
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Examples of New Money Commitments in a sentence

  • The Debtors shall pay a fee of 2.00% of the New Money Commitments, earned and payable in full upon Initial Funding.

  • The Borrowers shall pay 0.50% on the amount of the New Money Commitments payable on the date of the extension of maturity date under the DIP Facility.

  • The maturity, termination, expiration or non-renewal of the Financing Orders or the DIP New Money Commitments, including the occurrence of the Expiration Date.

  • To the extent that the Initial Commitment Amounts equals or exceeds $455,000,000, the New Money Commitments will be allocated to each Initial Participating Holder ratably based on its Initial Commitment Amount.

  • The Backstop Fee will be payable to the SteerCo members that executed Commitment Letters on or about 25 November 2022 and committed to provide the full amount of the New Money Funding, to the extent other SUN Holders did not elect to participate in the New Money Funding, pro rata based on their New Money Commitments as of 25 November 2022.

  • See Concise Statement of Errors, 3/26/14.7 It is well settled that issues not included in a court- ordered statement of matters complained of are waived for purposes of appeal.

  • The ESF-5 Coordinator will work with local, parish, state, and federal government agencies, private industry, and Non-governmental Organizations (NGO) to ensure that relief and restoration efforts are channeled through ESF-14 to the areas in the greatest need.

  • Each Consenting Party agrees that this Section 6 is a binding and enforceable agreement with respect to its New Money Commitments and Backstop Commitments.

  • The Prepetition Debt Refinancing as described in this paragraph 3 shall be authorized as compensation for, in consideration for, as a necessary inducement for, and on account of the agreement of the DIP Lenders to provide the DIP New Money Commitments and not as payments under, adequate protection for, or otherwise on account of, any Prepetition Debt.

  • Facility Fee: 2.00% of the New Money Commitments payable to the Post- Petition Lenders on the Closing Date (as defined below) ratably in accordance with their New Money Commitments as of such date.


More Definitions of New Money Commitments

New Money Commitments means the aggregate of all such New Money Commitments for all Lenders, and the aggregate amount of the New Money Commitments as of the Effective Date is $50,000,000.
Sample 1
New Money Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s New Money Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof.
Sample 1
New Money Commitments is defined in the Intercreditor Agreement.
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Related to New Money Commitments

  • 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.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • 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 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.

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

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

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

  • Revolving Facility Commitment means, with respect to any Revolving Facility Lender, such Lender’s commitment to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Lender’s Revolving Facility Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04 and (c) increased (or replaced) as provided under Section 2.20. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 to the Original Credit Agreement, or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment (or Incremental Revolving Facility Commitment), as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments as of the Closing Date is $100,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

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

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • New Loan Commitments shall have the meaning provided 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.

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

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

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

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

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

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

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

  • Increased Commitments has the meaning assigned to such term in Section 2.19(a).

  • Aggregate Revolving Commitments means, collectively, all Revolving Commitments of all Lenders at any time outstanding.

  • Refinancing Revolving Credit Commitments shall have the meaning provided in Section 2.15(b)(i).

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

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

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).