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Aggregate Commitments
Aggregate Commitments contract clause examples

Aggregate Closing Excess Availability. After giving effect to all Borrowings to be made on the Effective Date, the issuance of any Letters of Credit on the Effective Date and the payment of all fees and expenses due hereunder on the Effective Date, the Aggregate Closing Excess Availability shall not be less than $200,000,000.

Date of Borrowing (which shall be a Business Day[[Borrower:Organization]] [•] [•], 20[•]

Aggregate Final Adjustment Amount. Upon determination of the Final Working Capital, the Final Cash Amount, the Final Working Gas Value, and the Final Derivatives Value in accordance with [Section 2.4(b)]:

REDUCTIONS OF AGGREGATE COMMITMENT. If any reduction in the Letter of Credit Commitment occurs between the date of this Assignment Agreement and the Effective Date, the percentage interest specified in Item 3 of [Schedule 1] shall remain the same, but the dollar amount purchased shall be recalculated based on the reduced Letter of Credit Commitment, as the case may be.

Aggregate Revolving Commitments” means the sum of the Revolving Commitments (including the Aggregate Bridge Commitments) of all Revolving Lenders. As of the ClosingThird Amendment Effective Date, the Aggregate Revolving Commitments are $3,151,000,000,000. For the avoidance of doubt, on the Bridge Commitment Termination Date the Aggregate Revolving Commitments shall be automatically reduced by the aggregate amount of Aggregate Bridge Commitments.

Aggregate Commitments” means the Aggregate Revolving Commitments and the aggregate amount of all Term Loan Commitments.

[“Aggregate Commitments” means the sum of the Aggregate Revolving Commitments and the FILO Commitment. As of the Closing Date, the Aggregate Commitments are $140,000,000.]

3 If Average Quarterly Availability is > 66% of the Aggregate Commitments, indicate “Level I”. If Average Quarterly Availability is < 66% of the Aggregate Commitments but ≥ 33% of the Aggregate Commitments, indicate “Level II”. If Average Quarterly Availability is < 33% of the Aggregate Commitments, indicate “Level III”.

Revolving Credit Commitments. The Total Revolving Credit Commitment shall terminate on the Final Maturity Date. The Borrowers may reduce the Total Revolving Credit Commitment to an amount (which may be zero) not less than the sum of # the aggregate unpaid principal amount of all Revolving Loans then outstanding, # the aggregate principal amount of all Revolving Loans not yet made as to which a Notice of Borrowing has been given by the Administrative Borrower under Section 2.02, # the Letter of Credit Obligations at such time and # the stated amount of all Letters of Credit not yet issued as to which a request has been made and not withdrawn. Each such reduction shall be # in an amount which is an integral multiple of $250,000 (or by the full amount of the Total Revolving Credit Commitment in effect immediately prior to such reduction if such amount at that time is less than $250,000), # made by providing not less than # in the case of a partial reduction, three (3) Business Days' (or such shorter notice as may be agreed by the Administrative Agent) prior written notice to the Administrative Agent and # in the case of a reduction to zero, ten (10) Business Days' (or such shorter notice as may be agreed by the Administrative Agent) prior written notice to the Administrative Agent, # irrevocable and # accompanied by the payment of the Applicable Premium, if any, payable in connection with such reduction of the Total Revolving Credit Commitment. Once reduced, the Total Revolving Credit Commitment may not be increased. Each such reduction of the Total Revolving Credit Commitment shall reduce the Revolving Credit Commitment of each Lender proportionately in accordance with its Pro Rata Share thereof.

Termination of Commitments. The Commitments shall automatically terminate on the Availability End Date.

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