Combined Commitments definition
Examples of Combined Commitments in a sentence
The Combined Commitments may not be reinstated after they have been terminated or reduced.
If and to the extent specified by the Company in the notice to the Agent, some or all of the reduction in the Combined Commitments shall be applied to reduce the L/C Commitment.
Once reduced in accordance with this Section, the Combined Commitments may not be increased.
Without prejudice to the survival of any other obligation of Borrower hereunder, the obligations of Borrower under Sections 12.1 and 12.2 shall survive repayment of the Notes and termination of the Combined Commitments and the Letters of Credit.
For so long as any of the Combined Commitments are in effect and/or any Combined Obligations are outstanding, the Global Borrowing Base shall be comprised of the Allocated U.S. Borrowing Base and the Allocated Canadian Borrowing Base, and allocations between the Allocated U.S. Borrowing Base and Allocated Canadian Borrowing Base shall be made in accordance with this Section 2.7(d).