Examples of Original Term Loan Commitments in a sentence
Communicate risk characteristics to the community as appropriate; verify emergency plans and flood inundation maps are current; ensure community is aware of flood warningand evacuation procedures; and recommend purchase of flood insurance.Likelihood of inundation due to breach and/or system component malfunction in combination with loss of life, economic, or environmental consequences resultsin very low risk.No Verdict Not enough information is available to assign a Levee Safety Action Classification.
On the Original Closing Date, the Lenders made the Original Tranche A Term Loans and the Original Tranche B Term Loans to the Company, in 31 dollars, and upon the making of such Loans the Original Term Loan Commitments terminated.
The Original Term Loan Commitments terminated when the Original Term Loans were made on the Original Closing Date.
Subject to the terms of this Agreement, the Lenders make available to the Borrowers a term loan facility in an aggregate amount equal to the Total Original Term Loan Commitments.
As of the Fourth Amendment Effective Date, each of the Original Term Loan Commitments and Additional Term Loan Commitments have been funded and used for the purposes identified in subsection 2.5A.
Prior to the Effective Date, the Administrative Agent shall have obtained Original Revolving Loan Commitments from Lenders in an aggregate amount of at least One Hundred Forty-Five Million Dollars ($145,000,000) and Original Term Loan Commitments from Lenders in an aggregate amount of at least One Hundred Seventy-Five Million Dollars ($175,000,000).
Subject to and in reliance upon the terms, conditions, representations, and warranties in the Loan Documents, each Lender severally, but not jointly, agrees to make Original Term Loans to Borrower in a single disbursement on the Restatement Date in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Pro Rata Share of the Aggregate Original Term Loan Commitments.
Any portion of the Aggregate Original Term Loan Commitments that remains undisbursed after the initial disbursement under the Original Term Loan Facility shall be reduced to zero and cancelled on the date of such initial disbursement.
The amount of each Lender’s Term Loan Commitment shall be set forth in the Register and the aggregate amount of the Term Loan Commitments is $251,000,000 (consisting of Original Term Loan Commitments in the aggregate amount of $155,000,000, plus Additional Term Loan Commitments in the aggregate amount of $96,000,000); provided that the Term Loan Commitments of each Lender shall be adjusted to give effect to any assignments of such Term Loan Commitments pursuant to subsection 10.1B.
Once reduced in accordance with this Section, the Aggregate Original Term Loan Commitments or Aggregate Additional Term Loan Commitments, as applicable, may not be increased.