Examples of Initial Loan Commitment in a sentence
The Commitment Fee is due and payable in full on the Initial Loan Commitment Termination Date, shall be fully earned when paid and be nonrefundable for any reason whatsoever and, in the Borrower’s sole discretion, may be netted from the proceeds of the Initial Loans.
Subject to the terms and conditions set forth herein, each Lender severally agrees (a) to make a single Initial Loan on the Funding Date to the Borrower, in an amount equal to its Initial Loan Commitment and (b) to make Delayed Draw Loans to the Borrower, at any time and from time to time during the Delayed Draw Availability Period in accordance with the terms hereof, in an amount that will not exceed such Lender’s Delayed Draw Commitment.
The Total Initial Loan Commitment terminated on September 24, 2015 upon the making of the Initial Loan.
The Upfront Fee is due and payable in full on the Initial Loan Commitment Termination Date, and shall be fully earned when paid and be nonrefundable for any reason whatsoever.
The Administrative Agent shall have received an Administrative Questionnaire from each Initial Lender having an Initial Loan Commitment as of the Closing Date which has not previously provided an Administrative Questionnaire.