Examples of Loan Commitment in a sentence
Subject to the terms and conditions set forth herein and in the Fifth Amendment, and in accordance with the Fifth Amendment (and without duplication thereof), each Incremental Term A Lender party to the Fifth Amendment with an Incremental Term A Loan Commitment severally agrees to make its portion of the Incremental Term A Loan to the Company in Dollars on the Fifth Amendment Effective Date in an amount not to exceed such Xxxxxx’s Incremental Term A Loan Commitment.
The aggregate of each Lender’s Term Loans outstanding hereunder to the Acquisition Borrowers at any time shall never exceed its Term Loan Commitment.
The Lenders shall have no obligation to make Term Loans after the Third Amendment Effective Date, and any portion of the Term Loan Commitment not drawn on the Third Amendment Effective Date shall automatically expire.
Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a Term Loan in Dollars to the Acquisition Borrowers on the Third Amendment Effective Date in such principal amount as the Acquisition Borrowers shall request up to, but not exceeding such Xxxxxx’s Term Loan Commitment.
These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 2.11 [Settlement Date Procedures] shall relieve the Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.1.2 [Swing Loan Commitment].