Replacement Commitment definition

Replacement Commitment has the meaning specified in Section 1018 of this Indenture.

Replacement Commitment has the meaning set forth in Section 7.08(b).

Replacement Commitment means, as to each Lender, its obligation to make a Replacement Loan to the Borrower pursuant to Section 2.01(d) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Replacement Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Replacement Commitments is $2,338,250,000.

Examples of Replacement Commitment in a sentence

• The Backstop Commitment Premium shall be payable, in accordance with Section 3.2, to the Commitment Parties (including any Replacement Commitment Party, but excluding any Defaulting Commitment Party) or their designees in proportion to their respective Backstop Commitment Percentages at the time the payment of the Backstop Commitment Premium is made.

• The execution and delivery of a Commitment Base Certificate (other than any Original Commitment Base Certificate to the extent a Replacement Commitment Base Certificate has been delivered in substitute thereof in accordance with Section 2.1(c)(ii)) shall in each instance constitute a representation and warranty by Company to Administrative Agent and Paying Agent that each Receivable included therein as an "Eligible Receivable" is, in fact, an Eligible Receivable.

• Parent shall deliver to the Company the Commitment Letter or Replacement Commitment Letter, if applicable, not later than seven days following the date on which Parent receives the Mailing Notice.

• Any Replacement Commitment Facility and, to the extent replacing the Debt Financing, the Opco Debt Financing must satisfy the same requirements as would apply to Alternative Financing pursuant to this Section 6.15.

• Xxxxx Title: Vice President ANNEX I Replacement Commitment Schedule Continuing Lenders Royal Bank of Canada Barclays Bank PLC BNP Paribas Commerzbank AG, New York and Grand Cayman Branches Lloyds TSB Bank PLC Dresdner Bank AG, New York Branch The Bank of Nova Scotia Citicorp USA, Inc.

• The aggregate principal amount of the Replacement Commitment provided hereunder is equal to the aggregate principal amount of the Commitment of Woodlands Commercial Bank, which was terminated on the Effective Date.

• The Commitment Premium shall be payable, in accordance with Section 3.2, to the Commitment Parties (including any Replacement Commitment Party, but excluding any Defaulting Commitment Party) or their designees, provided such designees are U.S. Citizens in the case of any payment in the form of Common Shares, in proportion to their respective Backstop Commitment Percentages at the time the payment of the Commitment Premium is made.

• Parent shall promptly disclose to the Company and the Special Committee any amendment, termination or cancellation of the Commitment Letter or Replacement Commitment Letter or any information known to Parent that makes it reasonably likely that the financing set forth in the Commitment Letter or Replacement Commitment Letter will not be obtained.

• The Commitment Premium shall be payable, in accordance with Section 3.2, to the Commitment Parties (including any Replacement Commitment Party, but excluding any Defaulting Commitment Party) or their designees in the amounts set forth on Schedule 2.

• Each Receivable that is identified by Company as an Eligible Receivable in a Commitment Base Certificate satisfies all of the criteria set forth in the definition of Eligibility Criteria (other than any Receivable identified as an Eligible Receivable in any Original Commitment Base Certificate to the extent a Replacement Commitment Base Certificate has been delivered in substitute thereof in accordance with Section 2.1(c)(ii)).

More Definitions of Replacement Commitment

Replacement Commitment means the Commitment of any Lender (including any Replacement Lender) to make an additional Tranche A Loan and additional Construction Loans pursuant to Sections 2.1 and 2.2."