Aggregate Line Commitment definition

Aggregate Line Commitment means the initial Aggregate Commitment of $600,000,000 plus any increase in the Aggregate Commitment under Section 2.8, which is not a Term Commitment.
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Aggregate Line Commitment means $900,000,000 as of the Agreement Effective Date, less any designated decrease in the Aggregate Line Commitment pursuant to Section 2.7, plus any designated increase in the Aggregate Line Commitment pursuant to Section 2.8.
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Aggregate Line Commitment means, subject to Section 2.7 and Section 2.8, Two Hundred Fifty Million Dollars ($250,000,000). The respective Line Commitments and Percentages of the Banks with respect to the Aggregate Line Commitment are set forth on Schedule 1.1.
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Examples of Aggregate Line Commitment in a sentence

  • In addition, at any time that amounts are being held in such cash collateral account and the Aggregate Line Commitment exceeds the Outstanding Line Amount, the balance in such cash collateral account, to the extent of any such excess of the Aggregate Line Commitment over the Outstanding Line Amount, shall be returned to Borrower promptly after the Administrative Agent’s receipt of a written request from Borrower.

  • This benefit will be paid in addition to any amount paid under the Extension 3 Hospital Benefit above.

  • Any reduction of the Aggregate Line Commitment shall be allocated pro rata among the Line Lenders in accordance with their respective Percentages of the Aggregate Line Commitment.

  • The Borrower shall pay to the Administrative Agent, at the time of the Extension Request, for the benefit of the Lenders holding Line Commitments an extension fee equal to fifteen one-hundredths of one percent (0.15%) of the then-current Aggregate Line Commitment.

  • Upon any such reduction of the Aggregate Commitment, the Swing Loan Lender and the Administrative Agent may each elect, at its option, to reduce the Swing Loan Commitment or the maximum amount of Letter of Credit Exposure pursuant to Section 2.6(a), as the case may be, by the same percentage as the percentage reduction in the Aggregate Line Commitment.

  • On January 1, 2001, the Aggregate Line Commitment under the Credit Agreement will automatically decrease to $50,000,000.

  • The Administrative Agent shall promptly notify the Lenders of any reduction or termination of the Aggregate Line Commitment under this Section.

  • The Unused Fee shall be payable quarterly in arrears on the first Banking Day of each calendar quarter (for the prior calendar quarter) and upon any termination of the Aggregate Line Commitment in its entirety.

  • Borrower agrees to pay to the Administrative Agent for the account of each Lender an unused facility fee (the “Unused Fee”) equal to an aggregate amount computed on a daily basis by multiplying (i) the Unused Fee Percentage, expressed as a per diem rate, times (ii) the excess of the Aggregate Line Commitment over the Outstanding Line Amount on such day.

  • Borrower agrees to pay to the Administrative Agent for the account of each Line Lender a facility fee (the “Facility Fee”) equal to an aggregate amount computed on a daily basis by multiplying (i) the Facility Fee Percentage in effect on such day, expressed as a per diem rate, times (ii) the Aggregate Line Commitment in effect on such day.


More Definitions of Aggregate Line Commitment

Aggregate Line Commitment means the sum of all Banks' Line Commitments.
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Related to Aggregate Line Commitment

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swingline Commitment the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.