Term C Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term C Loan on the Closing Date in the principal amount not to exceed the amount set forth opposite such Lender's name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term C Loan Commitments of the Lenders aggregate $100,000,000 on the First Amendment Closing Date.
Examples of Term C Loan Commitment in a sentence
Available Term C Loan Commitment shall mean as to any Lender at any time during the Commitment Period, an amount equal to the excess, if any, of (a) such Lenders aggregate Commitment with respect to Term C Loans over (b) the aggregate principal amount of Term C Loans theretofore made hereunder in respect of such Commitment.
The Term C Loan of each Bank shall be evidenced by a Term C Note payable to the order of such Bank in the principal amount equal to such Bank's Term C Loan Commitment Amount.
On the First Amendment Closing Date, the full amount of the Term C Loan Commitment shall be utilized to repay outstanding amounts under the Revolving Loans.
Upon the Closing Date, each Bank shall make available to the Borrower a term loan (each being a "Term C Loan" and, collectively, the "Term C Loans") in an amount by such Bank equal to its Term C Loan Commitment Amount, which Term C Loans shall refinance $18,000,000 of the Existing Revolving Loans Obligations.
For the period from the Closing Date to the date on which the Term C Loan Commitment and the Term D Loan Commitment terminate, Borrower agrees to pay to Agent, for the account of each Lender according to such Lender's Pro Rata Share of the Term C Loan Commitment and the Term D Loan Commitment, a Term C and D Loan Commitment Fee equal to 0.50% per annum multiplied by the aggregate Term C Loan Commitment and Term D Loan Commitment.