Term A-1 Loan Commitment means, as to any Lender, the obligation of such Lender to make Term A-1 Loans on the Original Closing Date pursuant to the Original Credit Agreement or to continue Term A-1 Loans hereunder pursuant to the Restatement Agreement, as applicable, in an aggregate principal amount not to exceed the amount set forth opposite such Lender's name on Schedule 1 attached hereto and made a part hereof, as the same may be reduced pursuant to Section 2.10. The Borrower and the Term A-1 Lenders acknowledge and agree that the Term A-1 Loan Commitments of the Term A-1 Lenders aggregate $356,561,264.82 as of the date hereof.
Examples of Term A-1 Loan Commitment in a sentence
Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the Term A-1 Loan) to the Borrower in Dollars on the Initial Funding Date in an amount not to exceed such Lenders Term A-1 Loan Commitment.
The Term A-1 Loan Commitment shall terminate upon the funding of the Term A-1 Loan as set forth above on the Incremental Amendment No.
Term A-1 Lender on the Closing Date made a loan (a Term A-1 Loan) on the Closing Date to the Borrower in Dollars by making immediately available funds to the Administrative Agents account not later than the time specified by the Administrative Agent, in an amount equal to the Term A-1 Loan Commitment of such Lender.
Notwithstanding the foregoing, if the total Term A-1 Loan Commitment as of the Closing Date is not drawn on the Closing Date, the undrawn amount shall automatically be cancelled.
Subject to the terms and conditions set forth herein, each Term A-1 Lender severally agrees to fund the portion of the Term A-1 Loan Amount represented by its Term A-1 Loan Commitment to the Borrowers on the Second Amendment Effective Date in an aggregate amount not to exceed such Term A-1 Lenders Term A-1 Loan Commitment or the Term A-1 Loan Amount.