Term A Commitment Termination Date definition
Examples of Term A Commitment Termination Date in a sentence
The Delayed Draw Commitment Fee shall accrue from and including the 61st day following the Amendment No. 6 Effective Date, and shall be due and payable quarterly in arrears (A) on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the 61st day following the Amendment No. 6 Effective Date and (B) on the Delayed Draw Term A Commitment Termination Date.
The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the Term A Commitment Termination Date.
The commitment fee with respect to the Term A Facility shall accrue at all times prior to the Term A Commitment Termination Date, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the tenth Business Day after the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date.
The aggregate (i) Term A Commitments shall be automatically and permanently reduced to zero on the Term A Commitment Termination Date, (ii) Term A-2 Commitments shall be automatically and permanently reduced to zero on the Term A-2 Commitment Termination Date and (iii) CAD Term Commitments shall be automatically and permanently reduced to zero on the CAD Term Commitment Termination Date.
Upon and after the Term A Commitment Termination Date, the Term A Loan Lenders shall not be obligated to make any Term A Loans, and the Borrower shall not be entitled to request any Term A Borrowings.
The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the Initial Term A Commitment Termination Date.
In addition, at any time prior to the Term A Commitment Termination Date, the Borrower may, upon notice to the Administrative Agent as set forth above, terminate (in whole or in part) the unused portion of the aggregate Term A Commitments.
Unless previously terminated, (i) the Term A Loan Commitments shall terminate at 5:00 p.m. on the Term A Commitment Termination Date, (ii) the Term B Loan Commitment shall terminate at 5:00 p.m. on the Term B Commitment Termination Date and (iii) the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date.
The 2024 Delayed Draw Term A Ticking Fee shall be due and payable quarterly in arrears after the Amendment No. 1 Effective Date and upon the earliest of the 2024 Delayed Draw Term A Loan Funding Date, the applicable 2024 Delayed Draw Term A Commitment Termination Date and the date of any other termination of the 2024 Delayed Draw Term A Commitments.
In addition, at any time prior to the Term A Commitment Termination Date, the Borrower may, upon notice to the Administrative Agent as set forth above terminate (in whole or in part) the unused portion of the aggregate Term A Commitments.