A Loan Commitment definition
Examples of A Loan Commitment in a sentence
Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make a term loan (each such loan, a “Term A Loan”) to the Borrower in Dollars on the Closing Date in an amount not to exceed such Lender’s Term A Loan Commitment.
The Total Term A Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the First Amendment Effective Date.
No Lender shall have an obligation to make a Tranche A Loan in excess of such ▇▇▇▇▇▇’s Tranche A Loan Commitment.
Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make its portion of a term loan (the “Term A Loan”) to the Borrower in Dollars on the Effectiveness Date in an amount not to exceed such Lender’s Term A Loan Commitment.
Lender agrees to make (a) a Term A Loan to Borrower on the Closing Date in an amount equal to the Term A Loan Commitment as of the Closing Date, and (b) a Term B Loan to Borrower on the Closing Date in an amount equal to the Term B Loan Commitment as of the Closing Date.
Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Term A Lender made a term loan to the Borrower on the Closing Date in a principal amount equal to such Lender’s Initial Term A Loan Commitment as in effect on the Closing Date.
Each disbursement of Term A Loans after the Effective Date shall be in an aggregate amount of at least Five Million Dollars ($5,000,000.00) and, unless the entire remaining amount of the Term A Loan Commitment will be disbursed at such disbursement, in a denomination that is a whole number multiple of Five Million Dollars ($5,000,000.00).
No Lender shall have an obligation to make a Tranche A Loan in excess of such Lender’s Tranche A Loan Commitment.
Subject to the terms and conditions set forth herein, the Existing Term A Loan shall remain outstanding and, on the First Amendment Effective Date, the Lender agrees to make an additional term loan in dollars to the Borrowers in an amount equal to the difference between the Existing Term A Loan and the Term A Loan Commitment.
Each Lender’s obligation to fund the applicable Term Loan shall be limited to such Lender’s Term A Loan Commitment or Term B Loan Commitment, as applicable, and no Lender shall have any obligation to fund any portion of any Term Loan required to be funded by any other Lender, but not so funded.