Definition of Facility A Loan Commitment


Facility A Loan Commitment means the commitment of the Bank to Advance Facility A Loans to the Borrower in the aggregate amount of $10,000,000.00 as provided in Section 2.1.
Sample 1

Examples of Facility A Loan Commitment in a sentence

Each Bank's Revolving Credit Facility A Loan Commitment shall expire on the Revolving Credit Facility A Termination Date and all Revolving Credit Loans under Revolving Credit Facility A shall be paid in full no later than that date.
Amounts borrowed as Facility A Loans which are repaid or prepaid by the Borrower may not be reborrowed, and shall permanently reduce the Facility A Loan Commitment Amount.
Upon the occurrence of the Commitment Termination Date, the Facility A Loan Commitment shall terminate automatically and without any further action.