Examples of Multi-Draw Term Loan Commitment Amount in a sentence
All (x) Base Rate Loans shall be made in a minimum amount of $5,000,000 and an integral multiple of $100,000 or, if less, in the unused amount of the Multi-Draw Term Loan Commitment Amount, and (y) LIBOR Loans shall be made in a minimum amount of $5,000,000 and an integral multiple of $500,000.
A partnership of this fashion can serve to sustain two entities (District swimming programs and the YMCA) and again provide access to a world-class facility that the District programs could be proud of and make their home.
To the extent requested, each Lender shall have received its Note in an amount equal to such Lender’s Term Loans, such Lender’s Revolving Loan Commitment Amount, such Lender’s Multi-Draw Term Loan Commitment Amount and such Swingline Lender’s Swingline Commitment, dated the Effective Date, duly completed as herein provided and duly executed and delivered by an Authorized Officer of each Borrower.
To the extent requested, each Lender shall have received its Note in an amount equal to such Lender’s Term Loans, such Lender’s Revolving Loan Commitment Amount, such Lender’s Multi-Draw Term Loan Commitment Amount and such Swingline Lender’s Swingline Commitment, dated the Effective Date, duly completed as herein provided and duly executed and delivered by an Authorized Officer of the Borrower.
All (x) Base Rate Loans shall be made in a minimum amount of $500,000 and an integral multiple of $100,000 or, if less, in the unused amount of the Multi-Draw Term Loan Commitment Amount, and (y) LIBOR Loans shall be made in a minimum amount of $1,000,000 and an integral multiple of $500,000.
To the extent requested, each Increasing Lender shall have received its Note in an amount equal to such Lender’s Revolving Loan Commitment Amount, or such Lender’s Multi-Draw Term Loan Commitment Amount, in each case after giving effect to the amendments set forth herein, dated the Amendment Effective Date, duly completed as herein provided and duly executed and delivered by an Authorized Officer of each Borrower.
No Borrowing of Multi- Draw Term Loans shall be made if, after giving effect thereto the aggregate outstanding principal amount of all the Multi-Draw Term Loans (A) of all the Multi-Draw Term Loan Lenders would exceed the Multi-Draw Term Loan Commitment Amount or (B) of any Multi-Draw Term Loan Lender would exceed such Multi-Draw Term Loan Lender’s Percentage of the Multi-Draw Term Loan Commitment Amount.
Effective on the Amendment Effective Date, each of the Lenders identified on Schedule E hereto as an increasing Multi-Draw Term Loan Lender (collectively, the “Increasing Multi-Draw Term Loan Lenders” and, together with the Increasing Revolving Lenders, the “Increasing Lenders”) hereby consents to the increase in its respective Multi-Draw Term Loan Commitment Amount as described on Schedule E.