Examples of Committed Line in a sentence
Credit Suisse Family of Funds June 10, 2009 If the foregoing satisfactorily sets forth the terms and conditions of the Committed Line, please execute and return to the undersigned each of the Loan Documents and such other documents and agreements as the Bank may request.
Accrued commitment fees payable by the Borrowers hereunder shall be payable quarterly in arrears on the fifteenth (15th) day of each April, July, October and January for the immediately preceding calendar quarter and on the Expiration Date or any earlier date upon which the Committed Line hereunder may be terminated (including pursuant to Article II, Section 4 hereof upon the occurrence of an Event of Default).
A Borrower on behalf of a Fund may terminate the Committed Line with respect to such Fund upon three (3) days prior written notice and payment of all outstanding principal, interest, fees, costs, expenses and other amounts owing by such Fund to the Bank hereunder on the effective date of termination.
The Committed Line shall expire on March 1February 28, 20242025 (the “Expiration Date”), unless extended by mutual agreement of the Bank and the Borrowers or, with respect to any Fund, terminated by a Borrower on behalf of such Fund as provided herein.
We are pleased to provide the Committed Line hereunder and look forward to the ongoing development of our relationship.