Initial Term Loan Commitment definition
Examples of Initial Term Loan Commitment in a sentence
Subject to the terms and conditions hereof, each 2024 Incremental Lender severally agrees to make, on the Third Amendment Effective Date, an Initial Term Loan to Borrower in an amount equal to such 2024 Incremental Lender’s Initial Term Loan Commitment.
Borrower may make only one borrowing under clause (iii) of the second sentence of the definition of Initial Term Loan Commitment on the Fourth Amendment Effective Date.
Each Lender’s Initial Term Loan Commitment provided on the Second Amendment Effective Date shall terminate immediately and without further action on the Second Amendment Effective Date after giving effect to the funding of such 2023 Refinancing-Incremental Lender’s Initial Term Loan Commitment on such date.
Subject to the terms and conditions hereof and the occurrence of the Second Amendment Effective Date, each 2023 Refinancing-Incremental Lender severally agrees to make, on the Second Amendment Effective Date, an Initial Term Loan to Borrower in an amount equal to such 2023 Refinancing-Incremental Lender’s Initial Term Loan Commitment.
Borrower may make only onemade an initial borrowing under clause (ii) of the second sentence of the definition of Initial Term Loan Commitment, which shall be on the Third Amendment Effective Date.