Term Commitment Amount definition

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, with respect to each Lender, the amount of the Term Commitment set forth opposite that Lender’s name in Schedule 2.1 or on any Assignment Agreement.

Term Commitment Amount means, on any date, $25,000,000.

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.

• Once reduced in accordance with this Section, neither the Revolving Line of Credit Commitment Amount nor the Term Commitment Amount may be increased.

• 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.

• Any notice to reduce the Aggregate Revolving Term Commitment Amount under this Section 2.11(b) shall be irrevocable.

• Each Lender agrees, severally but not jointly, on the terms and subject to the conditions hereinafter set forth, to make a Term Loan to the Company in Dollars on the Effective Date in a principal amount equal to that Lender’s Term Commitment Amount.

More Definitions of Term Commitment Amount

Term Commitment Amount means, as of any date of determination, Thirty Million Dollars ($30,000,000.00), as such amount may be reduced from time to time in accordance with the provisions hereof.

Term Commitment Amount means, as of any date of determination, Fifteen Million Dollars ($15,000,000.00), as such amount may be reduced from time to time in accordance with the provisions hereof.

Term Commitment Amount means $5,000,000.00.

Term Commitment Amount means Twenty-Five Million Dollars ($25,000,000), being the maximum amount of the Term Commitments of all Banks, in the aggregate, to make Term Advances to the Borrower pursuant to Section 2.2.

Term Commitment Amount means, with respect to each Bank, the amount set forth opposite the name of such Bank on Schedule 1 attached hereto under the heading “Term Commitment Amount”.

Term Commitment Amount means $35,000,000; PROVIDED THAT, after the Effective Date, the Term Commitment Amount shall be zero.

Term Commitment Amount means $110,000,000, as reduced from time to time pursuant to Section 6.1 or 6.3; provided that the Term Commitment Amount shall be automatically and permanently reduced by the amount of any Term Loan made hereunder (other than Term Loans arising out of the conversion of Revolving Loans pursuant to the proviso to the definition of "Revolving Commitment Amount").