Fixed Facility Commitment definition

Fixed Facility Commitment means $0, plus such amount as the Borrower may elect to add to the Fixed Facility Commitment in accordance with Articles III or VIII.
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Fixed Facility Commitment means $212,991,218.54, plus such amount as Borrower may elect to add to the Fixed Facility Commitment in accordance with Section 1.08 and Article 4, less such amount as Borrower may elect to extend as a Variable Advance upon the original maturity date of a Fixed Advance pursuant to Section 1.07, and less such amount by which Borrower may elect to reduce the Fixed Facility Commitment in accordance with Article 5.
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Fixed Facility Commitment means $350,000,000, plus such amount as Borrower may elect to add to or convert to the Fixed Facility Commitment in accordance with Section 1.06.
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Examples of Fixed Facility Commitment in a sentence

  • The aggregate original principal of the Fixed Advances shall not exceed the Fixed Facility Commitment.

  • To permanently reduce the Variable Facility Commitment or the Fixed Facility Commitment, Borrower shall deliver a Facility Termination Request to Lender.

  • The borrowing of a Fixed Advance shall permanently reduce the Fixed Facility Commitment by the original principal amount of such Fixed Advance.

  • To convert all or a portion of the Variable Facility Commitment to the Fixed Facility Commitment, Borrower shall deliver a Conversion Request to Lender.

  • The Variable Facility Commitment shall be reduced by, and the Fixed Facility Commitment shall be increased by, the amount of each conversion.

  • The borrowing of a Fixed Facility Advance shall permanently reduce the Fixed Facility Commitment by the original principal amount of the Fixed Facility Advance.

  • The aggregate original principal of the Fixed Facility Advances shall not exceed the Fixed Facility Commitment.

  • Subject to the terms and conditions of this Article, the Borrower shall have the right to permanently reduce the Variable Facility Commitment and the Fixed Facility Commitment in accordance with the provisions of this Article.

  • The Borrower shall have the right, from time to time during the Fixed Facility Availability Period, to convert all or a portion of a Variable Facility Commitment to the Fixed Facility Commitment, in which event the Variable Facility Commitment shall be reduced by, and the Fixed Facility Commitment shall be increased by, the amount of the conversion.

  • Subject to the terms, conditions and limitations of this Article, the Borrower shall have the right, at any time or from time to time during the Fixed Facility Availability Period, to increase the Fixed Facility Commitment, the Variable Facility Commitment, or both.


More Definitions of Fixed Facility Commitment

Fixed Facility Commitment means $_______________, plus such amount as Borrower may elect to add to the Fixed Facility Commitment in accordance with Article 4 and Section 1.09 and less such amount by which Borrower may elect to reduce the Fixed Facility Commitment in accordance with Article 5.
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Fixed Facility Commitment means an aggregate amount of $147,861,000 which shall be evidenced by the Fixed Facility Notes plus such amount as is added to or converted to the Fixed Facility Commitment in accordance with Section 1.08 and Article 4 and less such amount by which the Fixed Facility Commitment is reduced in accordance with Article 5.
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Fixed Facility Commitment means up to $620,000,000 as determined pursuant to Section 1.01 of this Agreement.
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Fixed Facility Commitment means $50,000,000.00, subject to the conversion taking place described in Recital J or $0 in the event that the conversion does not take place, plus such amount as Borrower may elect to add to the Fixed Facility Commitment in accordance with Article 3 or Article 8.
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Related to Fixed Facility Commitment

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).