Aggregate Total Commitment definition
Examples of Aggregate Total Commitment in a sentence
After all of the Obligations under this Agreement and the other Loan Documents have been paid in full (other than contingent indemnification obligations for which no claim has been made) and the Aggregate Total Commitment has been terminated (including all LC Obligations), any funds remaining in the Facility LC Collateral Account shall be returned by the Administrative Agent to the Borrower or paid to whomever may be legally entitled thereto at such time.
Notwithstanding anything to the contrary contained in this Section 3.7, in no event shall the replacement of any Lender result in a decrease or reallocation of the Aggregate Total Commitment without the prior written consent of each of the remaining Lenders.
In consideration of the aggregate Total Commitments made available by the Banks hereunder, the Borrower agrees to pay to the Agent for the account of the Banks a fee (the "Unused Fee") on the Unused Aggregate Total Commitment computed at a per annum rate for each day during the applicable Unused Fee Calculation Period (hereinafter defined) equal to the Applicable Percentage for such Unused Fee.
The Borrowers acknowledge that the Administrative Agent and each Lender are entering into this Agreement and are extending the Aggregate Total Commitment in reliance upon the subordination provisions of the Subordinated Seller Note and this Section 6.25.
After all of the Obligations have been indefeasibly paid in full and the Aggregate Total Commitment has been terminated, any funds remaining in the Facility LC Collateral Account shall be returned by the Agent to the Borrowers or paid to whomever may be legally entitled thereto at such time.