Examples of Closing Date Term Commitment in a sentence
Subject to the terms and conditions hereof, each Lender with a Closing Date Term Commitment agrees to make a Term Loan (the “Term Loans”) to the Borrower in Dollars on the Closing Date in an amount not to exceed the amount of its Closing Date Term Commitment.
Subject to the terms and conditions of this Agreement, on the Closing Date, Lender will severally (and not jointly) make, in an amount not to exceed its respective Closing Date Term Commitment, and Borrower agrees to draw, one (1) Term Loan Advance in the aggregate amount of Twelve Million Five Hundred Thousand Dollars ($12,500,000) (the “Term A Loan Advance”).
The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Closing Date Term Commitment.
Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Term Lender’s Closing Date Term Commitment.