First Amendment Loan Commitment definition
Examples of First Amendment Loan Commitment in a sentence
The First Amendment Loan Commitment of each Lender shall automatically and permanently terminate upon the funding by such Lender of First Amendment Loans in an amount equal to the First Amendment Loan Commitment of such Lender under the Credit Facility on the First Amendment Effective Date.
Subject to the terms and conditions hereof and in the First Amendment and relying upon the representations and warranties herein and therein set forth, each Lender with a First Amendment Loan Commitment agrees, severally and not jointly, to make (or cashlessly continue pursuant to Section 1.10 and the First Amendment) a Loan to the Borrower in Dollars on the First Amendment Effective Date in an aggregate principal amount equal to such ▇▇▇▇▇▇’s First Amendment Loan Commitment.
The obligation of each Lender with a First Amendment Loan Commitment to make its Credit Extension hereunder on the First Amendment Effective Date is subject solely to satisfaction (or waiver by each such Lender and the Administrative Agent) of the conditions specified in Section 4 of the First Amendment.