Aggregate Commitments definition
Examples of Aggregate Commitments in a sentence
All fees under this Section 2.09(a) shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day and the last day of each period but excluding the date on which the Aggregate Commitments terminate).
B▇▇▇▇▇▇▇ agrees to pay to Administrative Agent for the benefit of the Lenders an upfront fee (the “Structuring Fee”) in the amount of $[***], which amount equals [***]% of the Aggregate Commitments.
The Ticking Fee shall accrue at all times during the period commencing on April 3, 2026 and ending on and excluding the earlier of (x) the Acquisition Closing Date and (y) the date on which the Aggregate Commitments terminate.
Fees under this Section 2.09(a) accrued through and including the last day of March, June, September and December of each year shall be payable in arrears on the fifteenth Business Day following such last day and on the earlier of (i) the Acquisition Closing Date and (ii) the date on which the Aggregate Commitments terminate; provided that any Ticking Fee accruing after the date on which the Aggregate Commitments terminate shall be payable on demand.
In such event, the Borrower shall be deemed to have requested a Borrowing of ABR Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of ABR Loans, but subject to the amount of the unutilized portion of the Aggregate Commitments and the conditions set forth in Section 4.03 (other than the delivery of a Borrowing Request).