LAI Commitment definition
LAI Commitment means the obligation of the Bank to make LAI Loans up to an aggregate principal amount for all LAI Loans at any one time outstanding up to $17,500,000 (as the same shall be reduced and terminated from time to time as provided for by Section 2.04 hereof).
Examples of LAI Commitment in a sentence
Subject to the terms of this Agreement, the Company may borrow, prepay and reborrow the amount of the Letter of Credit Commitment, the LAI Commitment, the Revolving Loan Commitment, the Export Loan Commitment and the Standby Letter of Credit Commitment.