Term Loan Commitment Termination Date Clause Samples
The 'Term Loan Commitment Termination Date' clause defines the specific date on which the lender's obligation to make term loan advances to the borrower ends. In practice, this means that after this date, the borrower can no longer request or receive additional funds under the term loan commitment, regardless of whether the full amount has been drawn. This clause ensures clarity for both parties by establishing a clear cutoff point for loan disbursements, thereby managing expectations and limiting the lender's ongoing exposure.
Term Loan Commitment Termination Date. The Term Loan Commitment Termination Date shall not have occurred.
Term Loan Commitment Termination Date. Term Loan Commitments shall terminate immediately following the funding thereof except to the extent previously terminated, such termination to occur upon the first to occur of (i) the consummation of the Coyote Acquisition without using the Term Loans, (ii) the termination of Borrower’s (or its affiliate) obligation to consummate the Coyote Acquisition pursuant to the Coyote Purchase Agreement, and (iii) the Outside Date (as defined in the Coyote Purchase Agreement as in effect on June 21, 2024 and as it may be extended in accordance with the terms of the Coyote Purchase Agreement as in effect on June 21, 2024). Any outstanding Term Loans and all other unpaid Obligations in respect of the Term Facility (other than contingent indemnity obligations) shall be paid in full by the Borrower on the Term Maturity Date.
Term Loan Commitment Termination Date. December 4, 2013. Delayed Draw Term Loan Facility Fee. The facility fee payable by the Borrowers jointly and severally to the Administrative Agent for the account of the Delayed Draw Term Loan Lenders in accordance with their respective Delayed Draw Term Loan Commitment Percentages, which facility fee shall be equal to the product of the average daily amount of the Total Delayed Draw Term Loan Commitments multiplied by 0.25%. The Delayed Draw Term Loan Facility Fee shall be payable quarterly, in arrears, on the first Business Day of each January, April, July and October, calculated for the immediately preceding calendar quarter (or portion thereof) commencing on the first such day after the Restatement Date to, but excluding, the last day of the Delayed Draw Term Loan Availability Period.
Term Loan Commitment Termination Date the earliest of (a) the Facility Termination Date, (b) the date on which the Borrower Agent terminates the Term Loan Commitments pursuant to Section 2.5.4, (c) the date that is six months after the Eighth Amendment Effective Date, and (d) the date on which the Term Loan Commitments are terminated pursuant to Section 11.2.
Term Loan Commitment Termination Date the earliest to occur of (a) June 30, 2023; (b) the date on which Borrowers terminate the Term Loan Commitment pursuant to Section 2.2.5; or (c) the date on which the Term Loan Commitment is terminated pursuant to Section 11.2. Term Loan Formula Amount: an amount equal to the lesser of (a) $156,487,500, and (b) 75% of the appraised “as-is” fair market value of all Real Estate in which Borrowers have a fee interest; provided however, that the results of such appraisals shall be reasonably satisfactory to Agent, and shall have been conducted by an appraiser or appraisers reasonably satisfactory to Agent. Term Loan Maturity Date: the date that is five years from the Second A&R Closing Date. Term SOFR: means,
Term Loan Commitment Termination Date. The Term Loan Commitment shall terminate on January 31, 2003. Subpart 3.9 Amendment to Section 2.7 Section 2.7 of the Existing Credit Agreement is amended and restated in its entirety to read as follows: