Definition of Term Commitment Amount


Term Commitment Amount means, with respect to each Lender, the amount of the Term Commitment set forth opposite that Lender's name in Exhibit A or on any Assignment and Assumption, unless said amount is reduced pursuant to Section 2.10 or 7.2 or increased pursuant to Section 2.22, in which event it means the amount to which said amount is reduced or increased.


Term Commitment Amount means $5,000,000.
Sample 1

Examples of Term Commitment Amount in a sentence

Any reduction of the Revolving Line of Credit Commitment Amount or the Term Commitment Amount shall be applied to the applicable Commitment of each Lender according to its Pro Rata Share thereof.
The Administrative Agent shall promptly notify the Lenders of any such notice of reduction or termination of the Revolving Line of Credit Commitment Amount or the Term Commitment Amount.
Once reduced in accordance with this Section, neither the Revolving Line of Credit Commitment Amount nor the Term Commitment Amount may be increased.
Each Term Advance shall initially be funded by HF-4 until the aggregate amount of the Term Loan (after giving effect to the funding of the proposed Term Advance on such date) at least equals HF-4 Term Commitment Amount.
The Borrower, from time to time upon not less than 30 Business Days prior written notice to the Administrative Agent, may permanently reduce the Aggregate Revolving Term Commitment Amount; provided, however, that no such reduction shall reduce the Aggregate Revolving Term Commitment Amount to an amount less than the Revolving Term Facility Outstanding Amount.