Examples of Term Commitment in a sentence
Subject to the terms and conditions set forth herein and in the Credit Agreement, each Person with an Amendment No. 1 Incremental Term Commitment severally agrees to make an Amendment No. 1 Incremental Term Loan to the Borrowers in a principal amount equal to its Amendment No. 1 Incremental Term Commitment set forth opposite such Person’s name on Schedule I hereto.
On any Increase Effective Date on which Incremental Term Commitments for Term Loans are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such Incremental Term Commitment shall make a Term Loan to the Borrower in an amount equal to its Incremental Term Commitment.
Each Incremental Term Commitment shall be in an aggregate amount of $10,000,000 or any whole multiple of $500,000 in excess thereof (provided that such amount may be less than $10,000,000 if such amount represents all remaining availability under the aggregate limit in respect of Incremental Term Commitments set forth in above).