Terminated Commitments definition

Examples of Terminated Commitments in a sentence

• Prior to Closing, Buyer shall arrange for substitute security for any commitments for which security has been given which commitments are assumed by Buyer which are canceled pursuant to this Section 12.11 including those items set forth and described in Schedule 10 - Terminated Commitments.

• The Extending Lenders, or any of them, or any Person that would be an Assignee Lender permitted by Section 11.11.1 (a "Replacement Lender") may offer in their sole discretion, to increase their respective Commitment by, or to provide a commitment in, as the case may be, an aggregate amount that will not exceed the aggregate amount of the Terminated Commitments.

• Concurrently with any subsequent payment of principal, interest or fees to the Lenders with respect to any period before the foregoing termination of Terminated Commitments the Borrower shall pay to LCPI its ratable share as provided in the Credit Agreement of such principal, interest or fees, as applicable with respect to the Terminated Commitments.

• Should such offers exceed the aggregate amount of the Terminated Commitments, the Terminated Commitments shall be allocated among such Extending Lenders and/or Replacement Lenders as determined by the Administrative Agent and the Borrower.

• Should such offers exceed the aggregate amount of the Terminated Commitments, the Terminated Commitments shall be allocated among such Extending Lenders and/or Replacement Lenders as determined by the Administrative Agent and the U.S. Borrower.