Aggregate Commitment Amounts definition
Examples of Aggregate Commitment Amounts in a sentence
At no time shall the aggregate amount of all Loans outstanding at any time exceed the lesser of (A) the Borrowing Base, and (B) the Aggregate Commitment Amounts at such time.
Upon the effective date (the “Increase Date”) of an increase in any Bank’s Revolving Commitment Amount or inclusion of a New Bank as a Bank under this Agreement (the “Subject Bank”), the Agent shall deliver to the Borrower and each Bank a notice setting forth the revised Aggregate Commitment Amounts.
Upon the effective date (the “Increase Date”) of an increase in any Lender’s Commitment Amount or inclusion of a New Lender as a Lender under this Agreement (the “Subject Lender”), Agent shall deliver to the Company and each Lender a revised Schedule 1.1(a) reflecting the revised Aggregate Commitment Amounts.
The agreements in this clause (ii) shall survive the resignation and/or replacement of the Agent, any assignment of rights by, or the replacement of, a Bank, the termination of the Aggregate Commitment Amounts and the repayment, satisfaction or discharge of all other Obligations.
Upon the effective date of an increase in any Lender's Commitment Amount or inclusion of a New Lender as a Lender under this Agreement, Agent shall deliver to the Borrowers and each Lender a revised Schedule 5 reflecting the revised Aggregate Commitment Amounts and the Borrowers shall execute and deliver to such Lender or such New Bank a Note increasing its Commitment Amount.
Notwithstanding anything to the contrary contained in this Commitment Agreement, and subject to Section 2.6, the Backstop Parties may agree, among themselves, to reallocate their respective Aggregate Commitment Amounts without any consent or approval of any other Party; provided, however, any such agreement among the Backstop Parties shall require the consent or approval of all Backstop Parties affected by such reallocation.
The Borrower may, at any time, upon not less than five Business Days prior written notice to the Agent, reduce the Commitment Amounts, ratably, with any such reduction in a minimum aggregate amount for all the Banks of $1,000,000 or, if more, in an integral multiple of $1,000,000; PROVIDED, HOWEVER, that the Borrower may not at any time reduce the Aggregate Commitment Amounts below the Total Outstandings.
Each such reduction in the Aggregate Commitment Amounts shall be applied first, to the Aggregate Reserve Commitment Amount, and second, to the Aggregate Base Commitment Amount.
On such date, the Aggregate Commitment Amounts listed on Schedule 1.1 shall be reduced to reflect the termination of such Banks' Commitments.
The Borrowers may, at any time, upon not less than thirty days prior written notice to the Agent, reduce the Aggregate Commitment Amounts ratably, with any such reduction in a minimum amount for all the Banks of $5,000,000, or, if more, in an integral multiple of $1,000,000; PROVIDED, HOWEVER, that the Borrowers may not at any time reduce the Aggregate Commitment Amounts below the Total Outstandings.