Term Credit Commitment definition

Term Credit Commitment has the meaning set out in Section 2.1(2).

Term Credit Commitment shall have the meaning assigned to such term in Paragraph 2.3 hereof.

Term Credit Commitment means, as to any Lender, such Lender’s 2025 Term Credit Commitment or 2026 Term Credit Commitment, as applicable.

Examples of Term Credit Commitment in a sentence

• The amount of each Term Loan which each Lender so made to the Borrower is as set forth opposite such Lender's signature hereto under the heading "Term Credit Commitment" (collectively, the "Term Credit Commitments" and individually, a "Term Credit Commitment").

• The Borrower shall, by irrevocable notice from an Authorized Representative, have the right from time to time but not more frequently than once each calendar month, upon not less than three (3) Business Days' written notice to the Agent, effective upon receipt, to permanently reduce the Total Short Term Credit Commitment.

• The amount of each installment due on the Term Credit Note held by each Lender shall be a pro rata part (based on the relationship which its Term Credit Commitment bears to the total Term Credit Commitments) of each such aggregate amount.

• Each such reduction shall be in the aggregate amount of $10,000,000 or such greater amount which is in an integral multiple of $1,000,000, or the entire remaining Total Short Term Credit Commitment, and shall permanently reduce the Total Short Term Credit Commitment.

• Loans made by each Lender shall be evidenced by the Note payable to the order of such Lender in the respective amount of its Applicable Commitment Percentage of the Total Short Term Credit Commitment, which Note shall be dated the Closing Date or a later date pursuant to an Assignment and Acceptance and shall be duly completed, executed and delivered by the Borrower.

More Definitions of Term Credit Commitment

Term Credit Commitment means, as to any Lender, the obligation of such Lender to make its Term Loans in the principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term Credit Commitments of the Lenders aggregate $50,000,000 on the Closing Date.

Term Credit Commitment is defined in Section 1.3 hereof.

Term Credit Commitment means the commitments of the Lenders to extend credit under the Term Credit in the amounts set forth opposite their signatures hereto.

Term Credit Commitment. By:__/s/ Xxxxxxx X. Hoffner__ $8,333,333.33 (5.55555556%) Name:__Douglas S. Hoffner____ Title:__Vice President_______ The undersigned is not obligated under its Commitments to extend credit hereunder in an aggregate principal amount at any one time outstanding in excess of $25,000,000 000 Xxxxxxxxxxx Xxxxxx Xxxxx 000 Xxxxxx, XX 00000 Attention: Xxxxxxx X. Xxxxxxx Telephone: (000) 000-0000 Telecopy: (000) 000-0000 LIBOR Funding Office: ___Same as Above___ 94 Amount and Percentage of Commitments: Revolving Credit Commitment: Nations Bank, N.A. $25,000,000.00 (16.66666667%)

Term Credit Commitment. By:__/s/ Xxxxxx Lenrer__ $8,333,333.33 (5.55555556%) Name:__Joseph Lenrer____ Title:__Vice President__ The undersigned is not obligated under its Commitments to extend credit hereunder in an aggregate principal amount at any one time outstanding in excess of $25,000,000 000 Xxxxxxxxx Xxxxxx 00xx Xxxxx Xxxxxxx, XX 00000 Attention: Xxxxx Xxxxxxxx Telephone: (000) 000-0000 Telecopy: (000) 000-0000 LIBOR Funding Office: 95 Amount and Percentage of Commitments: Revolving Credit Commitment: Green Tree Financial Servicing $25,000,000.00 (16.66666667%) Corporation Term Credit Commitment: $8,333,333.33 (5.55555556%) By:__/s/ Xxxxxxxxxxx Gouskos__ Name:__Christopher Gouskos__ Title: Senior Vice President The undersigned is not obligated under its Commitments to extend credit hereunder in an aggregate principal amount at any one time outstanding in excess of $25,000,000 000 Xxxxx Xxxxx Xxxxxx Xxxx Xxxxx 000 Xxxxxxxxxx, XX 00000 Attention: Xxx Xxxxxxx-Credit Xxxxxxx Xxxxxxx Operations Telephone: (000) 000-0000 Xxx Xxxxxxx (000) 000-0000 Xxxxxxx Xxxxxxx Telecopy: (000) 000-0000 LIBOR Funding Office: 000 Xxxxx Xxxxx Xxxxxx Xxxx Xxxxx 000 Xxxxxxxxxx, XX 00000 96 Amount and Percentage of Commitments:

Term Credit Commitment. By:__/s/ Xxxx Mulford__ $5,000,000.00 (3.33333333%) Name:__Neal Mulford____ Title:__Vice President_ The undersigned is not obligated under its Commitments to extend credit hereunder in an aggregate principal amount at any one time outstanding in excess of $15,000,000 0000 Xxxxxxx Xxxxxxx Xxxxx 000 Xxxxxxx, XX 00000 Attention: Regional Credit Manager Telephone: (000) 000-0000 Telecopy: (000) 000-0000 LIBOR Funding Office: 0000 Xxxxxx xx xxx Xxxxxxxx 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxx Xxxxxx Telephone: (000) 000-0000 Telecopy: (000) 000-0000 97 Amount and Percentage of Commitments: Revolving Credit Commitment: Branch Banking and Trust $10,000,000.00 (6.66666667%) Company of Virginia Term Credit Commitment: $3,333,333.33 (2.22222222%) By:__/s/ R. Xxxxxxx Hall__ Name:__R. Xxxxxxx Hall____ Title:__Vice President____ The undersigned is not obligated under its Commitments to extend credit hereunder in an aggregate principal amount at any one time outstanding in excess of $10,000,000 0000 Xxxxxxxxx Xxxxxxx Xxxxx 000 P.O. Box 85050 Xxxxxxxx, XX 00000 Attention: X. Xxxxxxx Link Telephone: (000) 000-0000 Telecopy: (000) 000-0000 LIBOR Funding Office: 000 Xxxx Xxxxxx Xxxxxx Xxxxxxx-Xxxxx, XX 00000 98 Amount and Percentage of Commitments: Revolving Credit Commitment: Mercantile Bank National $10,000,000.00 (6.66666667%) Association Term Credit Commitment: By:__/s/ Xxxxx X. Lewis__ $3,333,333.33 (2.22222222%) Name:__Wayne C. Lewis____ Title:__Vice President___ The undersigned is not obligated under its Commitments to extend credit hereunder in an aggregate. principal amount at any one time outstanding in excess of $10,000,000 Xxx Xxxxxxxxxx Xxxxxx Xx. Xxxxx, XX 00000-0000 Attention: Xxxxx X. Xxxxx Telephone: (000) 000-0000 Telecopy: (000) 000-0000 LIBOR Funding Office: 99 Amount and Percentage of Commitments: Revolving Credit Commitment: Blue Ridge Farm Credit, ACA $10,000,000.00 (6.66666667%)

Term Credit Commitment means Three Million Three Hundred Seventy Five Thousand U.S. Dollars (U.S. $3,375,000).