Definition of Post-Petition Loan Commitment


Post-Petition Loan Commitment means, relative to any Post-Petition Lender, such Post-Petition Lender's obligation (if any) to make Post-Petition Loans pursuant to clause (a) of Section 2.1.1.
Sample 1

Examples of Post-Petition Loan Commitment in a sentence

Post-Petition Loan Commitment Amount shall be automatically and permanently reduced on the Post-Petition Loan Commitment Termination Date to zero.
Any reduction of the Post-Petition Loan Commitment Amount shall result in a Dollar for Dollar reduction in the Sterling Post-Petition Loan Commitment Amount.
Post-Petition Loan Commitment Amount shall be automatically and permanently reduced on any date on which a prepayment is made pursuant to Section 3.1.1(a)(vi) by an amount equal to the aggregate principal amount of such prepayment.
All Commitment Fees payable pursuant to this Section 3.3.1 shall be calculated on a year comprised of 360 days (for actual days elapsed) and payable by the Borrowers in arrears on each Quarterly Payment Date, commencing with the first Quarterly Payment Date following the Effective Date, and on the Post-Petition Loan Commitment Termination Date.