Accordion Commitment definition

Accordion Commitment means, with respect to any Lender Group, the aggregate amount of any increase in such Lender Group’s Commitment pursuant to Section 2.02(c) of the Funding Agreement consented to by the applicable Managing Agent on behalf of the Lenders in such Lender Group.

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Accordion Commitment means the commitments of the Accordion Lenders to fund the Accordion Amount as set forth in subsection 2.1(f).

Accordion Commitment means Fifty Million Dollars ($50,000,000).

Examples of Accordion Commitment in a sentence

The parties recognize and agree that the Accordion Commitment Fee (i) was not and is not a charge for the use of money, but rather a purchase of the right to secure a loan of money on the part of Borrower, and (ii) was a material inducement for Lender to provide the Accordion Facility and for having Lender ready, willing and able to fund the Accordion Facility in accordance with the terms of the Commitment Letter and this Agreement.
Upon a request by Company hereunder, each Accordion Lender shall increase its Commitment by an amount equal to its Accordion Commitment.
Each Accordion Lender shall confirm its agreement to providing all or part of the Proposed Accordion Facility Amount as agreed by countersigning the Accordion Commitment Notice pursuant to the terms of which it agrees to (i) commit to its share of the Proposed Accordion Facility Amount and (ii) (to the extent it is not already a Lender) to become a Lender and Party to this Agreement.
If there is an Accordion Shortfall relating to a Proposed Accordion Size set out in an Accordion Proposal (whether resulting from the operation of clause 9.6 above or otherwise), the Company shall invite each Participating Lender under that Accordion Proposal to increase the proposed Accordion Commitment offered by it in respect of the increase in the Total Revolving Facility Commitments proposed in that Accordion Proposal by an amount no greater than its Accordion Proportion of that Accordion Shortfall.
The amount of each Accordion Lender's Accordion Commitment is set forth opposite its name on Schedule 2.1 annexed hereto.
Amendment to Section 1.1 of the Loan Agreement (definition of Accordion Commitment).
The amount of each Accordion Lender’s Accordion Commitment is set forth opposite its name on Schedule C-1 annexed hereto.
Effective as of the Accordion Effective Date: (i) Schedule A hereto shall be automatically amended to increase the Individual Commitment of such Accordion Lender with respect to the RT Facility by the amount of its Individual Accordion Commitment, and (ii) any reference to “RT Credit Limit” shall be interpreted and construed as a reference to the RT Credit Limit as increased by the amount of the Accordion Increase.
AS THE SYNDICATION AGENT AND CONGRESS FINANCIAL CORPORATION (SOUTHWEST) AS THE DOCUMENTATION AGENT DATED AS OF SEPTEMBER 29, 2004 SCHEDULE C-1 COMMITMENTS Lender Canadian U.S. Accordion Commitment Total Commitment Commitment Commitment (Post-Accordion Activation) ▇▇▇▇▇ Fargo Retail Finance, LLC $0 $45,000,000* $26,000,000 $71,000,000 National City Business Credit, Inc.
Accordion Commitment Notice duly signed by ridicule the relevant parties.

More Definitions of Accordion Commitment

Accordion Commitment means, as applicable, that portion of any Lender’s commitment issued or increased under Section 2.15 after the Threshold Date.

Accordion Commitment has the meaning given to that term in Clause 2.2 (Accordion Increase in Commitments). Accordion Increase has the meaning given to that term in Clause 2.2 (Accordion Increase in Commitments).

Accordion Commitment means, with respect to each Lender, the commitment of such Lender, subject to the terms and conditions set forth herein, to make an Accordion Advance hereunder on the Accordion Funding Date, as set forth in Schedule I hereto.

Accordion Commitment means, as to each Person which has elected, in its sole and absolute discretion, in writing to become an Accordion Lender, its obligation to make Accordion Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on a schedule to be provided upon the inclusion of the Accordion Facility hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

Accordion Commitment has the meaning set out in Section 2.20(a).

Accordion Commitment means in relation to a Lender which is an Accordion Lender, the amount set opposite its name under the heading “Accordion Commitment” in the relevant Accordion Notice and the amount of any other Accordion Commitment relating to the Facilities transferred to it under this Agreement or assumed by it in accordance with clauses 2.3 to 2.11 (Increase) to the extent not cancelled, reduced or transferred by it under this Agreement.

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