Term Commitments definition
Examples of Term Commitments in a sentence
The Initial Term Loans made on the Second Amendment Effective Date were made as part of a Borrowing consisting of Term Loans of the same Type made by the Initial Term Lenders ratably in accordance with their respective Initial Term Commitments.
For purposes of this Section, a ▇▇▇▇▇▇’s “pro rata share” shall be determined based upon its share of the sum of the total Revolving Credit Exposures, unused Revolving Credit Commitments and, except for purposes of the second proviso of the immediately preceding sentence, the outstanding Term Loans and unused Term Commitments, in each case at that time.
The Incremental Term Commitments made as of October 14, 2025 terminated upon the funding of such Incremental Term Loans on October 14, 2025.
The Initial Term Commitments terminated upon the funding of the Initial Term Loans on the Second Amendment Effective Date.