Definition of Initial Term Loan Commitment Percentage


Initial Term Loan Commitment Percentage means, for any Initial Term Loan Lender, the percentage identified as its Initial Term Loan Commitment Percentage on Schedule 1.1-6 or in the Register.
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Examples of Initial Term Loan Commitment Percentage in a sentence

Each Initial Term Loan by a Lender shall be in a principal amount equal to such Lenders Initial Term Loan Commitment Percentage of the aggregate principal amount of the Initial Term Loans advanced on the Closing Date.
Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Term Loan requested pursuant to this Section 4.2 to the extent that any Lender has not made available to the Administrative Agent its Initial Term Loan Commitment Percentage or its Incremental Term Loan Commitment Percentage, as applicable, of such Loan.
Initial Term Loan Commitment Percentage shall mean, for any Initial Term Loan Lender, the percentage identified as its Term Loan Commitment Percentage for the Initial Term Loan in its Lender Commitment Letter, or in the Assignment and Assumption pursuant to which such Lender became a Lender hereunder, as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).
Initial Term Loan Commitment Percentage shall mean for any Initial Term Loan Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1 (a) as of the Closing Date.
Subject to the terms and conditions hereof, each Initial Term Loan Lender severally agrees to make available to the Borrower (through the Administrative Agent) on the Closing Date such Initial Term Loan Lenders Initial Term Loan Commitment Percentage of a term loan in Dollars (the Initial Term Loan) in the aggregate principal amount of THREE HUNDRED FIFTY MILLION DOLLARS ($350,000,000) (the Initial Term Loan Committed Amount), for the purposes hereinafter set forth.