Examples of Additional Term Commitments in a sentence
The Additional Term Commitments shall be automatically and permanently reduced to zero on the Second Restatement Date immediately after the borrowing under the Additional Term Commitments.
Notwithstanding anything to the contrary contained herein, the Lender Parties shall not be obligated to commit to the Additional Term Commitments.
This Agreement shall have been executed by the ------- Required Lenders and, without duplication, the Lenders with Additional Term Commitments.
If the Additional Term Commitments so provided are not sufficient to provide the full amount of the Commitment Increase requested by the Borrower, then the Agent, Arrangers or Borrower will seek one or more banks or lending institutions (which banks or lending institutions shall be reasonably acceptable to Agent, Arrangers and Borrower) to become a Lender and provide an Additional Term Commitment, as applicable.
Any Additional Term Commitment may, if determined necessary by the Agent and the Lenders providing such Additional Term Commitments, in their reasonable discretion, be effected pursuant to one or more amendments (the “Additional Term Loan Amendment”) executed and delivered by the Borrower, the applicable Term Lenders providing such Additional Term Commitments, and the Agent.