Loan Commitment Availability Period definition

Loan Commitment Availability Period means the period commencing on the date on which the Final DIP Order is approved and ending on the Commitment Termination Date.
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Examples of Loan Commitment Availability Period in a sentence

  • The applicable Funding Date shall not occur outside of the Loan Commitment Availability Period.

  • During the Loan Commitment Availability Period, the Borrower may by written notice to Lender request one additional increase in the Loan Commitment (such increase, the “Additional Loan Commitment”), in an aggregate amount not to exceed $1,500,000; provided that Lender is not required to commit to any such increase.

  • During the Term Loan Commitment Availability Period, the Borrower shall be entitled to borrow and prepay Term Loans in accordance with the provisions hereof, but once repaid or prepaid, Term Loans may not be reborrowed.

  • Subject to the terms and conditions of this Agreement, including without limitation each of the conditions in Section 4.2, Lender hereby agrees to make loans (“Loans”) to the Borrower, from time to time on any Business Day during the Loan Commitment Availability Period, in aggregate principal amount at any time outstanding not exceeding the Loan Commitment; provided, however, that after giving effect to any Borrowing, Availability must be greater than zero.

  • During the Subordinated Loan Commitment Availability Period, the Borrower shall be entitled to borrow and, subject to the terms and conditions of the Subordination Agreement, prepay the Subordinated Loans in accordance with the provisions hereof, but once repaid or prepaid, Subordinated Loans may not be reborrowed.