Revolving Commitment

Revolving Commitment. The commitment of the Lender up to the amount of $300,000,000 to make Revolving Loans to the Borrower, as such amount may be adjusted from time to time by agreement of the parties

Revolving Commitment. Shall mean the obligation of the Lender to make Revolving Loans hereunder in an aggregate principal amount not exceeding (i) $50,000,000 minus (ii) at any time (x) the aggregate undrawn amount of all outstanding letters of credit issued (or confirmed) by the Lender for the account of the Borrower or any of its Subsidiaries (or, if confirmed, for the ultimate account of a customer of the Borrower or any of its Subsidiaries), plus (y) the aggregate amount of all unreimbursed drawings in respect... of letters of credit described in the foregoing clause (x) (it being acknowledged that such letters of credit described in this clause (ii) may be issued or confirmed, as applicable, in the Lender's discretion upon request by a Responsible Officer of Borrower and shall not exceed the aggregate amount of $3,000,000 unless otherwise agreed by the Lender in its discretion). View More