LOTL Commitment definition
LOTL Commitment means (a) in the case of each Lender that is a LOTL Lender on the Fourth Restatement Effective Date, the amount set forth opposite such Lender’s name on Schedule I as such Lender’s “Last-Out Term Loan Commitment” and (b) in the case of any Lender that becomes a LOTL Lender after the Fourth Restatement Effective Date, the amount specified as such LOTL Lender’s “Last-Out Term Loan Commitment” in the Assignment and Acceptance pursuant to which such LOTL Lender assumed a portion of the LOTL Commitments, in each case as the same may be changed from time to time pursuant to the terms hereof. The LOTL Commitments as of the Fourth Restatement Effective Date are $0.00, and no LOTL Loan will be funded on the Fourth Restatement Effective Date. All terms and provisions relating to the LOTL Loan shall be disregarded, as if the LOTL Loan never existed.
Examples of LOTL Commitment in a sentence
The LOTL Commitment shall expire upon the making of the LOTL Loan on the Fourth Restatement Effective Date or, if no LOTL Loans are made on the Fourth Restatement Effective Date, at the close of business on the Fourth Restatement Effective Date.