Term A-3 Commitments definition
Examples of Term A-3 Commitments in a sentence
Subject to the foregoing sentences in this Section 2.12, accrued commitment fees shall be payable in arrears on the last day of March, June, September and December of each year and on the date on which the Revolving Commitments and Term A-3 Commitments, as applicable, terminate, commencing on the first such date to occur after the Restatement Effective Date.
The Borrower may at any time terminate, or from time to time reduce, in each case without any premium or penalty, the Term A-3 Commitments; provided that each reduction of the Term A-3 Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000.
The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, the Swing Line Sublimit, the Term A-1 Commitments, the Term A-2 Commitments, the Term A-3 Commitments, the Term A-4 Commitments, the Term B Commitments, Multicurrency RCF Commitment or the US Dollar RCF Commitment under this Section 2.06.
The Term A-3 Borrowing shall consist of Term A-3 Loans made simultaneously by the Term A-3 Lenders in accordance with their respective Term A-3 Commitments.
If the Closing Date occurs, the Term A-3 Commitments and the Term A-5 Commitments shall be automatically and permanently reduced to zero upon the borrowing of the Term A-3 Loans and Term A-5 Loans on the Closing Date.
The Term A-1 Commitments and the Term A-3 Commitments shall automatically terminate upon the extension of the Term A-1 Loans and the Term A-3 Loans on the Twelfth Amendment Closing Date.
The Additional Term A-3 Commitments of the Additional Term A-3 Lenders shall be automatically and permanently reduced to $0 upon the making of the Additional Term A-3 Lenders’ Term A-3 Loans pursuant to Section 2.01(h).
The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, the Swing Line Sublimit, the Term A-1 Commitments, the Term A-2 Commitments, the Term A-3 Commitments, the Term B Commitments, Multicurrency RCF Commitment or the US Dollar RCF Commitment under this Section 2.06.
In the event that the Funding Date shall not have occurred on or prior to the Commitments Termination Date, each Lender’s Term A-2 Commitments, Term A-3 Commitments and Term A-5 Commitments shall automatically terminate at 11:59:59 p.m. on the Commitments Termination Date.
The Term A-3 Commitments shall automatically terminate upon the extension of the Term A-3 Loans on the Fifth Amendment Closing Date.