Aggregate Combined Commitment definition
Examples of Aggregate Combined Commitment in a sentence
As used herein, (A) “Applicable Prepayment Percentage” means (i) 100% until the Aggregate Combined Commitment shall have been reduced (other than pursuant to Article VII) to an amount equal to or less than $325,000,000 and (ii) 50% thereafter and (B) “Applicable Retention Amount” means (i) $10,000,000 until the Aggregate Combined Commitment shall have been reduced (other than pursuant to Article VII) to an amount equal to or less than $325,000,000 and (ii) $50,000,000 thereafter.
Each Committed Advance shall be in the minimum amount of $5,000,000 (and in multiples of $1,000,000 if in excess thereof); provided, however, that any Alternate Base Rate Advance may be in the amount of the unused Aggregate Combined Commitment.
All accrued commitment and letter of credit fees to the effective date of any such reduction of the Aggregate Combined Commitment shall be paid on the effective date of such reduction.
Any reduction of the Aggregate Combined Commitment pursuant to this Section 2.05(c) shall be applied pro rata to each Bank's Commitment --------------- and/or Incremental Commitments in accordance with such Bank's Facility Percentage (and, in the case of a Bank with both a Commitment and one or more Incremental Commitments, allocated ratably among such Bank's Commitment and Incremental Commitment(s)).