Availability Period definition
Examples of Availability Period in a sentence
Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single loan (such loan, a “Term Loan”) to the Company in a single drawing on the Funding Date, which date must occur during the Availability Period, in an aggregate amount not to exceed such ▇▇▇▇▇▇’s Term Loan Commitment.
Subject to the terms and conditions set forth herein, each DD Term Lender severally agrees to make up to three (3) DD Term Loans time to time, on any Business Day during the Availability Period for the DD Term Facility, in an aggregate amount not to exceed such DD Term Lender’s Applicable Percentage of the DD Term Facility.
The commitment fee shall accrue at all times during the Availability Period or the WC Interim Availability Period, as applicable, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable monthly in arrears on the last Business Day of each calendar month, commencing with the first such date to occur after the Closing Date, and on the Maturity Date.
Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such ▇▇▇▇▇▇’s Aggregate Exposure exceeding such ▇▇▇▇▇▇’s Commitment or (b) the total Aggregate Exposure exceeding the Aggregate Commitments.
In addition, during the Availability Period in respect of the DD Term Facility, the Borrower may, upon notice to the Administrative Agent as set forth above, from time to time terminate (in whole or in part) the unused portion of the aggregate DD Term Commitments.