Term A-2 Loan Commitments definition
Examples of Term A-2 Loan Commitments in a sentence
The Term Borrowing on the Amendment No. 2 Effective Date shall consist of Term A-2 Loans made simultaneously by the Term A-2 Loan Lenders in the full amount of their respective Term A-2 Loan Commitments as of the Amendment No. 2 Effective Date.
The Term A-2 Loan Commitments and Additional Term A-2 Commitments shall automatically terminate upon the making, conversion or continuance, as applicable, of the Term A-2 Loans and Additional Term A-2 Loans on the Amendment and Restatement Effective Date.
The Term A-2 Loan Commitments shall terminate upon the funding of the Term A-2 Loan and, if not previously terminated, shall in any event terminate no later than 5:00 p.m. on the First Amendment Effective Date.
The accrued unused fee shall be due and payable in arrears on the first Banking Day of January, April, July and October of each year, commencing on the first such date after the 91st day following the Closing Date, and upon the Final Term A-2 Loan Availability Date (as may be accelerated) or earlier termination of the Term A-2 Loan Commitments.
Ticking fees payable in respect of the Term A-2 Loan Commitments accrued through and including the last day of March, June, September and December of each year shall be payable in arrears on the fifteenth (15th) day following such last day and on the earlier of (i) the Term Loan Funding Date and (ii) the date of the termination the Term A-2 Loan Commitments.
Notwithstanding the foregoing, in the event that the Term A-2 Loan Funding Date has not occurred by the Term A-2 Loan Commitment Termination Date, the Term A-2 Loan Commitments shall automatically terminate and the Term A-2 Loan Funding Date shall not occur.
The Term A-2 Loans shall be advanced in a single Borrowing on the Term A-2 Loan Funding Date, at which time the Term A-2 Loan Commitments shall expire.
Notwithstanding the foregoing or anything to the contrary herein, there shall be no more than three (3) drawings of Term Loans in the aggregate across the Term A-1 Loan Commitments and the Term A-2 Loan Commitments.
Subject to Section 2.02(f), each Term A-2 Lender agrees to make a portion of any increase in the aggregate Term A-2 Loan Commitments available to the Company on the effective date of any such increase pursuant to Section 2.02(f).
Any portion of the Term A-2 Loan Commitments not drawn by the Required Funding Date shall automatically terminate on the Required Funding Date.