Commitment Decrease definition

Commitment Decrease has the meaning assigned to such term in Section 2.09(d)(i).
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Commitment Decrease means any reduction of the Revolving Commitments of any Class pursuant to Section 2.09(b).
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Commitment Decrease has the meaning set forth in Section 2.18.
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Examples of Commitment Decrease in a sentence

  • The Total Commitment Amount shall remain reduced pursuant to this subpart (i) during the Seasonal Commitment Decrease Period unless and until increased pursuant to subpart (ii) below.

  • Each such notice shall set forth the amount of the requested Commitment Increase (and Commitment Decrease, as applicable) in each Tranche, and the date on which such adjustment is requested to become effective (which shall be not less than 10 Business Days or more than 30 days after the date of such notice).

  • On the first day of each Seasonal Commitment Decrease Period, without notice of any kind to Borrowers, the Total Commitment Amount shall automatically be reduced to the Seasonal Reduced Commitment Amount.

  • So long as no Default or Event of Default shall exist or immediately thereafter shall begin to exist, on the first day after the last day of each Seasonal Commitment Decrease Period, the Total Commitment Amount shall automatically be increased to the Maximum Commitment Amount.

  • On such date the Maximum Amount for each Bank shall be decreased to the amount set forth opposite such Bank's name under the column headed "Maximum Amount during Seasonal Commitment Decrease Period." On the date of each such reduction, Borrowers shall have prepaid an aggregate amount of Loans, together with interest and facility and other fees accrued and unpaid thereon, so that the Revolving Credit Exposure shall not exceed the Total Commitment Amount as then in effect.

  • The Borrower may from time to time permanently reduce, in whole or in part, the Commitment and the Tranche FX Commitment, the Tranche L Commitment and/or the Tranche S Commitment then in effect by submitting a Commitment Decrease Request setting forth the proposed Commitment and the proposed Tranche FX Commitment, Tranche L Commitment and/or Tranche S Commitment.

  • Such reduction of the SFF Equity Commitment shall be made by the Sponsor delivering to the Collateral Agent and the Administrative Agent a Commitment Decrease Amendment.

  • In accordance with the terms of this Section, the Revolving Commitment Decrease Notice must specify the amount of the proposed decrease and the date upon which the decrease is requested to be effective.

  • Each such notice shall set forth the amount of the requested Commitment Increase (and Commitment Decrease, as applicable) in each Tranche, and the date on which such adjustment is requested to become effective (which shall be not less than 10 Business Days or more than 30 days after the date of such notice), and shall offer each Lender holding a Commitment under any increasing Tranche the opportunity to increase its Commitment in such Tranche by its Tranche Percentage of the proposed increased amount.

  • Such reduction of the Project Equity Commitment shall be made by the Sponsor delivering to the Collateral Agent and the Administrative Agent a Commitment Decrease Amendment.


More Definitions of Commitment Decrease

Commitment Decrease has the meaning assigned to such term in Section 2.09(d)(i). “Commitment Increase” has the meaning assigned to such term in Section 2.09(d)(i). “Commitment Letter” means (a) the Commitment Letter dated August 15, 2014, among the Company, JPMorgan Chase Bank, N.A., ▇.▇. ▇▇▇▇▇▇ Securities LLC, Bank of America N.A., ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated, BNP Paribas, BNP Paribas Securities Corp., Royal Bank of Canada, RBC Capital Markets, The Royal Bank of Scotland plc and RBS Securities Inc, and (b) solely for purposes of Section 9.06, the Commitment Letter dated January 14, 2016, among the Company, JPMorgan Chase Bank, N.A., ▇.▇. ▇▇▇▇▇▇ Securities LLC, Bank of America N.A., ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated, BNP Paribas, BNP Paribas Securities Corp., Mizuho Bank, Ltd. and HSBC Bank USA, National Association, and (c) solely for purposes of Section 9.06, the Commitment Letter dated May 11, 2018, among the Company, JPMorgan Chase Bank, N.A., Bank of America N.A., ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated, BNP Paribas, BNP Paribas Securities Corp., Mizuho Bank, Ltd. and HSBC Bank USA, National Association. “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any Loan Party pursuant to any Loan Document or the transactions contemplated therein that is distributed to any Agent, any Lender or any Issuing Bank by means of electronic communications pursuant to Section 9.01, including through the PlatformElectronic Systems. “Company” means Expedia Group, Inc., a Delaware corporation. 9
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Related to Commitment Decrease

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.