Commitment to Lend definition

Commitment to Lend of the Original Credit Agreement is hereby amended to delete the text therein contained and to insert the following in lieu thereof: Subject to the terms and conditions set forth in this Credit Agreement, each Revolving Credit Lender severally agrees to lend to the Borrower and the Borrower may borrow, repay, and reborrow from time to time between the Closing Date and the Revolving Credit Loan Maturity Date upon notice by the Borrower to the Agent given in accordance with Section 2.5 (each a “Revolving Loan” and collectively “Revolving Credit Loans”), such sums equal to such Revolving Credit Lender’s Revolving Credit Loan Commitment Percentage of amounts requested by Borrower hereunder; provided, that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) plus the Foreign Exchange Reserve plus the Omniglow Reserve plus the Maximum Drawing Amount and Unpaid Reimbursement Obligations, shall not at any time exceed the lesser of (a) the Revolving Credit Loan Commitment minus $1,000,000 and (b) the Borrowing Base. Each request for a Revolving Credit Loan or the entering into a Foreign Exchange Contract or the submission of an application for the issuance of a Letter of Credit hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in Article 13, in the case of entering into this Credit Agreement on the Closing Date, and Article 14, in the case of all others have been satisfied on the date of such request.
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Commitment to Lend. Subject to the terms and conditions contained in this Agreement, and upon the condition that no Default exists, including, but not limited to, the fact that demand has not been made by Crestmark, and further provided all conditions precedent have been met as of the date of any request for a Money Advance hereunder, Crestmark agrees that it will, from time to time, make Money Advances to Borrower pursuant to the terms of this Agreement. Money Advances by Crestmark after a Default will not be a waiver of this provision nor will Crestmark be estopped thereby to refuse any subsequent Borrower request for a Money Advance.
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Commitment to Lend. (a) Subject to the terms and conditions provided in this Loan and Security Agreement ("Agreement") and so long as no Event of Default (as defined in Section 14 hereof) or event or condition which with notice or passage of time or both would constitute an Event of Default has occurred and is continuing hereunder, Lender agrees to lend to AMERICAN TELESOURCE INTERNATIONAL, INC., a Delaware corporation ("ATII"), to the Domestic and/or Foreign Subsidiaries of ATII which are signatories to this Agreement, and to such additional Domestic and/or Foreign Subsidiaries of ATII which hereafter may become a party hereto pursuant to Section 1(b) hereof (ATII, Domestic and/or Foreign Subsidiaries of ATII which are signatories to this Agreement, and such additional Domestic and/or Foreign Subsidiaries of ATII which may hereafter become a party hereto pursuant to Section 1(b) of this Agreement are individually referred to as a "Borrower" and collectively as the "Borrowers"), -------- --------- until the Termination Date set forth above, an amount in the aggregate not to exceed the Commitment Amount set forth above, which sum shall be used solely for the purchase by a Borrower of telecommunications equipment and associated software sublicenses from the Supplier pursuant to one or more Purchase Agreements (individually, a "Purchase Agreement" and collectively, the "Purchase Agreements") made by and between the Supplier and such Borrower for installation, if such Borrower is a Domestic Borrower, in the United States, Mexico and other Latin American jurisdictions, and if such Borrower is a Foreign Borrower, in Mexico and other Latin American jurisdictions. "Subsidiary" means, ---------- as to any person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership, limited liability company, or other entity, are at the time owned, or the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries, or both, by such person. "Domestic Subsidiary" means a ------------------- Subsidiary incorporated under the laws of the United States, one of the states of the United States, the District of Columbia, or any territory, possession or protect...
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Examples of Commitment to Lend in a sentence

  • If you have a BMO Eco Smart Mortgage, this discount is shown in Section 3 of “Our Commitment to Lend and Disclosure Statement”.

  • THE REVOLVING CREDIT FACILITY 47 §2.1 Commitment to Lend 47 §2.2 Evidence of the Revolving Credit Loans 48 §2.3 Interest on Revolving Credit Loans; Facility Fee 48 §2.4 Requests for Revolving Credit Loans 50 §2.5 Conversion Options 51 §2.6 Funds for Revolving Credit Loans 53 §2.7 Reduction of Commitment 53 §2.8 Swingline Loans 53 §2.9 Bid Rate Advances 57 §2.10 Increases in Total Commitment 61 §3.

  • THE REVOLVING CREDIT FACILITY................................................................18 Section 2.1. Commitment to Lend.

  • Section 2B.1 Commitment to Lend Commercial Company Second Secured Term Loan.

  • AMOUNT AND TERMS OF CREDIT.................18 2.1 .................................Commitment to Lend 18 2.1.1 ......................

  • CONSTRUCTION FACILITY 18 2.1 Commitment to Lend 18 2.2 Use of Proceeds 19 2.3 Evidence of Debt 19 2.4 Interest Rates 20 2.5 Payment Schedule; Conversion to Mini-Perm; Maturity Date 20 2.6 Prepayment 21 2.7 Concerning Advances and Payments 21 2.8 Administrative Agent Advances 23 2.9 Defaulting Lender 23 2.10 Several Obligations; No Liability, No Release 25 2.11 Lakeway Letter of Credit 25 2.12 Sharing of Payments by Lenders 26 2.13 Late Charge 26 2.14 Payments Set Aside 26 SECTION 3.

  • THE CREDIT FACILITIES 36 §2.1. Commitment to Lend 36 §2.2. Facility Fees 39 §2.3. Reduction of Commitments 40 §2.4. Reallocation of Commitments 41 §2.5. The Notes and Loan Accounts 43 §2.6. Interest on Loans 44 §2.7. Requests for Loans 45 §2.8. Election of LIBOR Rate; Notice of Election; Interest Periods; Minimum Amounts 47 §2.9. Funds for Loans 48 §2.10.

  • Commitment to Lend; Conditions to the Bank's Obligations to Make Advances .

  • THE REVOLVING CREDIT FACILITY.....................................1 Section 2.1. Commitment to Lend...............................

  • THE REVOLVING CREDIT FACILITY..........................................17 Section 2.1. Commitment to Lend.......................................

Related to Commitment to Lend

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

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Loan Commitment means, with respect to a Loan, the maximum aggregate amount, as defined by Lender in the applicable Commitment Letter, of advances available to be disbursed on such Loan.