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.