Common use of Total Term Loan Commitment Clause in Contracts

Total Term Loan Commitment. Notwithstanding anything that may be construed to the contrary in this Agreement, the aggregate principal amount of all Term Loans outstanding at any time shall not exceed the aggregate amount of Construction Loans outstanding as of the Term Conversion Date (including, for the avoidance of doubt, the amount of any Construction Loans made on such date) (such maximum amount, the “Total Term Loan Commitment”).

Appears in 1 contract

Sources: First Lien Credit Agreement (Fortress Transportation & Infrastructure Investors LLC)

Total Term Loan Commitment. Notwithstanding anything that may be construed to the contrary in this Agreement, the aggregate principal amount of all Term Loans outstanding at any time shall not exceed the aggregate amount of Construction Loans outstanding as of the Term Conversion Date (including, for the avoidance of doubt, the amount of plus any Construction Loans made on such date) Term PIK Principal outstanding at any time (such maximum amount, the “Total Term Loan Commitment”).

Appears in 1 contract

Sources: Second Lien Credit Agreement (Fortress Transportation & Infrastructure Investors LLC)

Total Term Loan Commitment. Notwithstanding anything that may be construed to the contrary in this Agreement, the aggregate principal amount of all Term Loans outstanding at any time shall not exceed the aggregate amount of Construction Loans outstanding on the Term-Period Commencement Date after giving effect to any Punchlist Drawing, any Dow Change Order Drawing, any Dow Performance Test Drawing and any True-Up Drawing (such amount, as of the Term Conversion Date (including, for the avoidance of doubtreduced from time to time, the amount of any Construction Loans made on such date) (such maximum amount, the “"Total Term Loan Commitment”").

Appears in 1 contract

Sources: Credit Agreement (Calpine Corp)