Examples of Term Commitment in a sentence
The 2024 Refinancing Term Commitment of each 2024 Refinancing Term Lender party to Amendment No. 5 shall be automatically and permanently reduced to $0 upon the making of such 2024 Refinancing Term Lender’s Term Loans pursuant to Section 2.01 on the Fifth Amendment Effective Date.
The applicable 2021 Refinancing Term Commitment and 2021 Incremental Term Commitment of each Additional Lender party to Amendment No. 2 shall be automatically and permanently reduced to $0 upon the making of such Additional Lender’s Term Loans pursuant to Section 2.01.
The Initial Term Commitment of each Initial Term Lender shall be automatically and permanently reduced to $0 upon the making of such Initial Term Lender’s Initial Term Loans pursuant to Section 2.01 on the Closing Date.
The 2021-2 Incremental Term Commitment of each 2021-2 Incremental Term Lender party to Amendment No. 3 shall be automatically and permanently reduced to $0 upon the making of such 2021-2 Incremental Term Lender’s Term Loans pursuant to Section 2.01 on the Third Amendment Effective Date.