Initial Commitment definition

Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

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Initial Commitment means, in relation to an Initial Senior Noteholder, the amount set out in the relevant Senior Noteholder Fee Letter.

Initial Commitment means with respect to each Lender, the commitment of such Lender to make a Loan on the Closing Date in the amount of such ▇▇▇▇▇▇’s Initial Commitment set forth on Schedule 2.01, as such commitment shall be terminated pursuant to Section 2.06.

Examples of Initial Commitment in a sentence

• Subject to the terms and conditions hereof, each Lender (other than the HCR Lender) severally agrees to make, on the Closing Date, a Term Loan to Company in a cash amount equal to such ▇▇▇▇▇▇’s Initial Commitment.

• Each Lender’s Initial Commitment shall terminate immediately and fully without further action by any Person upon the funding of such Lender’s Initial Commitment on the Closing Date.

• Company may make only one borrowing under the Initial Commitment, which borrowing may only occur on the Closing Date.

• Subject to the terms and conditions hereof, each HCR Lender severally agrees to make, on the Closing Date, a Term Loan to Company, which shall be made through a cashless exchange of payment obligations owing by Company to HCR Lender under the Healthcare Royalty Partners Facility, in an amount equal to such HCR Lender’s Initial Commitment hereunder.

More Definitions of Initial Commitment

Initial Commitment. With respect to any Series, the aggregate initial commitment, expressed as a dollar amount, to purchase up to a specified principal balance of all Classes of such Series, which commitments shall be set forth in the related Supplement.

Initial Commitment means as to any Lender, the obligation of such Lender, if any, to make a Term Loan to Borrower in a principal amount not to exceed the amount set forth under the heading Initial Commitment opposite such ▇▇▇▇▇▇’s name on Appendix A.

Initial Commitment means with respect to any Lender, such Lender’s Initial US Commitment and/or Initial Canadian Commitment.

Initial Commitment has the meaning set forth in the definition of the term “Commitment”.

Initial Commitment has the meaning assigned such term in Section 2.01. -------------------

Initial Commitment has the meaning specified in the definition of "Commitment" in this Section 1.01.

Initial Commitment has the meaning ascribed thereto in subsection 7.1.