Term Commitments definition
Examples of Term Commitments in a sentence
Agent, acting solely for this purpose as a non-fiduciary agent of B▇▇▇▇▇▇▇, shall maintain at one of its offices in the United States a register for the recordation of the names and addresses of Lender(s), and the Term Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”).
Each payment (including prepayment) on account of any fee and any reduction of the Term Loan Advances shall be made pro rata according to the Term Commitments of the relevant Lender.
The Borrower has requested that the Lenders make available to them (i) the Initial Term Commitments and Initial Term Loans on the Closing Date in an initial aggregate principal amount of $180,000,000, on the terms and conditions set forth herein, which Initial Term Loans were fully repaid prior to the Second Amendment Effective Date and (ii) the Revolving Credit Commitments in an aggregate principal amount as of the Second Amendment Effective Date of $250,000,000 (the “Revolving Credit Facility”).