Examples of Initial Commitment Amount in a sentence
On the terms and subject to the conditions of this Agreement, the Lender agrees to make a term loan (the “Initial Loan”) to the Borrower on the Closing Date in an amount equal to (but not less than) the Initial Commitment Amount.
The Initial Commitment Amount shall automatically and permanently be reduced to zero on the Initial Commitment Termination Date.
The Authority hereby applies to the Lender for, and authorizes and instructs the Lender to issue for its account, the Commitment in an initial amount equal to the Initial Commitment Amount.
The Authority hereby applies to the Lender for and authorizes and instructs the Lender to issue for the Authority’s account, the Commitment in an initial amount equal to the Initial Commitment Amount.
Upon any payment or prepayment of all or a portion of the outstanding Notes, the Available Commitment shall be reinstated as set forth in the definition thereof; provided that in any event, the Available Commitment shall not exceed the Initial Commitment Amount.