Participating Commitment definition

Participating Commitment means the commitment of each Participant to fund its Participant’s Interest in outstanding US Loans in US Dollars and in outstanding Canadian Loans in Canadian Dollars, in an aggregate amount (on a US Dollar Equivalent basis) not to exceed such Participant’s Participating Commitment Amount.
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Participating Commitment means the amount set forth opposite each Participant's name on the signature pages hereof, as such amount may be modified by assignment pursuant to the terms hereof; provided that, following the termination of the Commitment, each Participant's Participating Commitment shall be deemed to be its Pro Rata Share of the aggregate Loan Commitments.
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Participating Commitment means the commitment of each Participant to fund its Pro Rata Share of outstanding Loans in an amount not to exceed such Participant’s Participating Commitment Amount.
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Examples of Participating Commitment in a sentence

  • Within ten (10) Business Days after receipt of the notice and the Assignment and Acceptance, Servicer shall execute and deliver, in exchange for the surrendered Participation Certificate, a new Participation Certificate to the order of the assignor and such assignee in a principal amount equal to the applicable Participating Commitment Amount retained and assumed by it, respectively, pursuant to such Assignment and Acceptance.

  • Each Participation Certificate shall be in an amount equal to the relevant Participant’s Participating Commitment Amount, and the Funded Participation outstanding thereunder shall bear interest as hereinafter set forth and shall be payable as hereinafter set forth.

  • If Consenting Participants do not elect to assume all of the Participating Commitments of the Non-Consenting Participants, the Sponsor shall have the right, subject to the terms and conditions of Section 15.6, to arrange for one or more financial institutions (any such financial institution being called a “New Participant”) to purchase the Participating Commitment of any Non-Consenting Participant.

  • Each Participation Certificate shall be in the amount of the relevant Participant's Participating Commitment, and the Funded Participant's Interest outstanding thereunder shall bear interest as hereinafter set forth and shall be payable as hereinafter set forth.

  • Within ten (10) Business Days after receipt of the notice and the Assignment and Acceptance, Servicer shall execute and deliver, in exchange for the surrendered Participation Certificate, a new Participation Certificate to the order of such assignee in a principal amount equal to the applicable Participating Commitment assumed by it pursuant to such Assignment and Acceptance.

  • In consideration of the assignment by Assignor to Assignee of Assignee's Share of Assignor's Participating Commitment and Funded Participant's Interest as set forth above, Assignee agrees to pay to Assignor on or prior to the Assignment Effective Date an amount specified by Assignor in writing on or prior to the Assignment Effective Date which represents Assignee's Share of the principal amount of the Funded Participant's Interest of Assignor outstanding on the Assignment Effective Date.

  • In the event a Capital Partner breaches its obligation to purchase such Securities after delivering a Participating Commitment, such Capital Partner shall be deemed to have waived all of such holder’s rights under this Article VI with respect to such Pre-Emptive Issuance and all future Pre-Emptive Issuances.

  • If Consenting Participants do not elect to assume all of the Participating Commitments of the Non-Consenting Participants, the Sponsor shall have the right to arrange for one or more banks (any such bank being called a "New Participant"), to purchase the Participating Commitment of any Non-Consenting Participant.

  • If (i) any Credit Event shall have occurred, (ii) after giving effect to any Advance, the aggregate Fronting Advances outstanding hereunder would exceed STBA's Participating Commitment, or (iii) the Servicer otherwise determines in its sole discretion to request a Participant Funding hereunder, then the Servicer shall notify the Participants pursuant to subsection (b) requesting a Participant Funding.

  • No Participant (or any successor thereto) shall have any obligation to increase its Participating Commitment or its other obligations under the Agreement and the other Operative Documents, and any decision by a Participant to increase its Participating Commitment shall be made in its sole discretion independently from any other Participant.


More Definitions of Participating Commitment

Participating Commitment means the commitment of each Participant to fund its Pro Rata Share of outstanding Loans in an amount not to exceed such Participant's Participating Commitment Amount.
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Participating Commitment shall have the meaning assigned thereto in the Franchise Loan Facility Agreement as in effect on the date hereof.
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Participating Commitment means, with respect to a Holder, the dollar amount of loans of the Exit Facility funded by or on behalf of such Holder on the Closing Date in accordance with the RSA, Plan, and the Exit Facility Documents other than in such Holder’s capacity as a Backstop Lender.
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Participating Commitment means the irrevocable commitment made by a Signatory Airline by signing and delivering to the City the form shown as Exhibit H, that the sum of annual Rents, Fees, and Charges payable by such Signatory Airline to the City shall be equal to, or greater than, $100,000, on each Fiscal Year during the term of this Agreement, regardless of the level of activity, or amount of space leased by such Signatory Airline. The Participating Commitment shall be prorated for the Fiscal Year in which it is made, based on the actual date in which Notice is given to the City.
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Related to Participating Commitment

  • Existing Commitment shall have the meaning provided in Section 2.17.

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Group Commitment means with respect to any Purchaser Group the aggregate of the Commitments of each Purchaser within such Purchaser Group.

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Voting Commitment means any agreement, arrangement or understanding with, and any commitment or assurance to, any person or entity as to how a person, if elected as a director of the Corporation, will act or vote on any issue or question.