Definition of Term Commitment



Examples of Term Commitment in a sentence

The Term Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the making of such Term Lenders Term Loans pursuant to Section 2.01(a).
Subject to the terms and conditions hereof, each Term Lender severally agrees to make a term loan (a Term Loan) to the Borrower on the Closing Date in an amount not to exceed the amount of the Term Commitment of such Lender.
Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Term Lenders Term Commitment.
Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make to the Borrower on the Closing Date loans denominated in Dollars in an aggregate amount not to exceed the amount of such Term Lenders Initial Term Commitment.
The Initial Term Commitment of each Term Lender of each Class shall be automatically and permanently reduced to $0 upon the funding of Initial Term Loans of such Class to be made by it on the Closing Date.