US Tranche Commitments. Subject to the terms and conditions set forth herein, each US Tranche Lender agrees to make US Tranche Revolving Loans denominated in US Dollars to the US Tranche Borrowers from time to time during the Availability Period in principal amounts at any time outstanding that will not result in # the Aggregate US Tranche Revolving Credit Exposure exceeding the aggregate US Tranche Commitments or # the US Tranche Revolving Credit Exposure of any Lender exceeding its US Tranche Commitment. Within the foregoing limits and subject to the terms and conditions set forth herein, the US Tranche Borrowers may borrow, prepay and reborrow US Tranche Revolving Loans.
“US Tranche Percentage” means, with respect to any US Tranche Lender at any time, the percentage of the aggregate US Tranche Commitments represented by such US Tranche Lender’s US Tranche Commitment at such time; provided that in the case of [Section 2.21] when a Defaulting Lender shall exist, “US Tranche Percentage” shall mean the percentage of the total US Tranche Commitments (disregarding any Defaulting Lender’s US Tranche Commitment) represented by such Lender’s US Tranche Commitment. If the US Tranche Commitments have expired or been terminated, the US Tranche Percentages shall be determined on the basis of the US Tranche Commitments most recently in effect, giving effect to any assignments.
“Revolving Commitment” means a US Tranche Commitment or a Global Tranche Commitment, and “Revolving Commitments” means both US Tranche Commitments and Global Tranche Commitments.
“Tranche” means a category of Commitments and extensions of credit thereunder. For purposes hereof, each of the following shall comprise a separate Tranche: # the Global Tranche Commitments, the Global Tranche Revolving Loans and participations in Letters of Credit and Swingline Loans attributable to the Global Tranche Commitments (the “Global Tranche”) and # the US Tranche Commitments, the US Tranche Revolving Loans (the “US Tranche”).
Notwithstanding any other provision of this Agreement, # no Borrower shall be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date applicable thereto and # subject to the requirements of [Section 2.01], each requested Revolving Borrowing denominated in Dollars shall be made pro rata among the Revolving (and between the US Tranche Commitments and the Global Tranche Commitments) according to the sum of the aggregate amount of their respective US Tranche Commitments and Global Tranche Commitments; provided that if, on such date of such Borrowing (after giving effect to any prepayments of Revolving Loans and/or the expiration of any Letters of Credit to occur as of such date) any Revolving Loans and/or Letters of Credit denominated in Foreign Currencies will be outstanding under the Global Tranche Commitments, such requested Borrowing denominated in Dollars shall be made pro rata (or as nearly pro rata as practical) among the Revolving (and under the US Tranche Commitments and the Global Tranche Commitments) according to the sum of the aggregate unused amount of their respective US Tranche Commitments and Global Tranche Commitments.
so long as no Event of Default has occurred and is continuing, # all or any part of the Swingline Exposure of such Defaulting Lender (other than the portion of such Swingline Exposure referred to in [clause (b)] of the definition of such term) shall be reallocated among the non-Defaulting that are Global Tranche (the “Non-Defaulting Global Tranche ”) in accordance with their respective Global Tranche Percentages but only to the extent the # the sum of all Non-Defaulting Global Tranche ’ Global Tranche Revolving Credit Exposures does not exceed the total of all Non-Defaulting Global Tranche ’ Global Tranche Commitments and # each Non-Defaulting Global Tranche Lender’s Global Tranche Revolving Credit Exposure does not exceed such Non-Defaulting Global Tranche Lender’s Global Tranche Commitment; and # all or any part of the US Tranche LC Exposure of such Defaulting Lender shall be reallocated among the non-Defaulting that are US Tranche (the “Non-Defaulting US Tranche ”) in accordance with their respective US Tranche Percentages but only to the extent # the sum of all Non-Defaulting US Tranche ’ US Tranche Revolving Credit Exposures does not exceed the total of all Non-Defaulting US Tranche ’ US Tranche Commitments and # each Non-Defaulting US Tranche Lender’s US Tranche Revolving Credit Exposure does not exceed such Non-Defaulting US Tranche Lender’s US Tranche Commitment; and # all or any part of the Global Tranche LC Exposure of such Defaulting Lender shall be reallocated among the Non-Defaulting Global Tranche in accordance with their respective Global Tranche Percentages but only to the extent # the sum of all Non-Defaulting Global Tranche ’ Global Tranche Revolving Credit Exposures does not exceed the total of all Non-Defaulting Global Tranche ’ Global Tranche Commitments and # each Non-Defaulting Global Tranche Lender’s Global Tranche Revolving Credit Exposure does not exceed such Non-Defaulting Global Tranche Lender’s Global Tranche Commitment;
The Company may at any time, without premium or penalty, terminate, or from time to time reduce, the Commitments of any Tranche; provided that # each such reduction of the Commitments of any Tranche shall be in an amount that is not less than the Borrowing Minimum and an integral multiple of the Borrowing Multiple, in each case for Borrowings denominated in US Dollars and # the Company shall not terminate or reduce the Commitments of any Tranche if after giving effect to such termination or reduction and to any concurrent payment or prepayment of Loans or LC Disbursements in accordance with [Section 2.10], # the Aggregate Revolving Credit Exposure under either the US Tranche or the Global Tranche would exceed the aggregate amount of Commitments of such Tranche, # the Revolving Credit Exposure under either the US Tranche or the Global Tranche of any Lender would exceed its Commitments of such Tranche or # the Aggregate Revolving Credit Exposure would exceed the aggregate Commitments.
“US Tranche Commitment” means, with respect to each US Tranche Lender, the commitment of such US Tranche Lender to make US Tranche Revolving Loans and to acquire participations in US Tranche Letters of Credit hereunder, as such commitment may be # reduced or terminated from time to time pursuant to [Section 2.09], # increased or assumed from time to time pursuant to an Incremental Facility Agreement pursuant to [Section 2.20] and # reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to [Section 9.04]. The initial amount of each US Tranche Lender’s US Tranche Commitment is set forth on [Schedule 2].01A, or in the Assignment and Assumption (or other documentation contemplated by this Agreement) pursuant to which such US Tranche Lender shall have assumed its US Tranche Commitment, as applicable. The aggregate principal amount of the US Tranche Commitments on the Amendment No. 2 Effective Date is .
“US Tranche Revolving Credit Exposure” means, with respect to any US Tranche Lender at any time, and without duplication, the sum of the outstanding principal amount of such US Tranche Lender’s US Tranche Revolving Loans and its US Tranche LC Exposure.
“US Tranche Lender” means a Lender with a US Tranche Commitment or holding US Tranche Revolving Loans.
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