Common use of UK Revolver Commitment Clause in Contracts

UK Revolver Commitment. for any UK Lender, its obligation to make UK Revolver Loans and to issue UK Letters of Credit, in the case of any UK Fronting Bank, or participate in UK LC Obligations, in the case of the other UK Lenders, to the UK Borrowers up to the maximum principal amount shown on Schedule 2.1.1(e), or as hereafter determined pursuant to each Assignment and Acceptance to which it is a party, as such UK Revolver Commitment may be adjusted from time to time in accordance with the provisions of Sections 2.1.4, 2.1.7 or 11.1. “UK Revolver Commitments” means the aggregate amount of such commitments of all UK Lenders.

Appears in 1 contract

Sources: Loan, Security and Guarantee Agreement (MRC Global Inc.)

UK Revolver Commitment. for any UK Lender, its obligation to make UK Revolver Loans and to issue UK Letters of Credit, in the case of any UK Fronting Bank, or participate in UK LC Obligations, in the case of the other UK Lenders, to the UK Borrowers up to the maximum principal amount shown on Schedule 2.1.1(e2.1.1(c), or as hereafter determined pursuant to each Assignment and Acceptance to which it is a party, as such UK Revolver Commitment may be adjusted from time to time in accordance with the provisions of Sections 2.1.4, 2.1.7 or 11.111.2. “UK Revolver Commitments” means the aggregate amount of such commitments of all UK Lenders.

Appears in 1 contract

Sources: Loan, Security and Guarantee Agreement (Edgen Group Inc.)

UK Revolver Commitment. for any UK Lender, its obligation to make UK Revolver Loans and to issue UK Letters of Credit, in the case of any UK Fronting Bank, or participate in UK LC Obligations, in the case of the other UK Lenders, to the UK Borrowers up to the maximum principal amount shown on Schedule 2.1.1(e2.1.1(f), or as hereafter determined pursuant to each Assignment and Acceptance to which it is a party, as such UK Revolver Commitment may be adjusted from time to time in accordance with the provisions of Sections 2.1.42.1.3, 2.1.7 2.1.6 or 11.1. “UK Revolver Commitments” means the aggregate amount of such commitments of all UK Lenders.

Appears in 1 contract

Sources: Loan, Security and Guarantee Agreement (MRC Global Inc.)