Term Facility Commitment definition

Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans, Incremental Term Loans and/or Other Term Loans.

Term Facility Commitment means the commitment of a Lender to make Term Loans.

Examples of Term Facility Commitment in a sentence

• On 19 April 2021, the Group signed an amendment and restatement agreement for a £15,000,000 three-year Revolving Credit Facility and £10,000,000 three-year Term Facility Commitment with HSBC UK Bank plc.

• The Borrower agrees to pay to each Lender (other than any Defaulting Lender), through the Administrative Agent, within three (3) Business Days after the end of each month, a commitment fee of 1.50% (a “Commitment Fee”) of the daily amount of the Available Unused Term Facility Commitment of such Lender during the preceding month.

• Commitment means a Term Facility Commitment or Revolving Facility Commitment.

• The Commitments shall be automatically and permanently reduced by the amount of each Borrowing on the date of such Borrowing and shall be automatically terminated on the Term Facility Commitment Termination Date.

• During 2022, the Group drew down the remaining £5 million of the Revolving Credit Facility and £2 million of the Term Facility Commitment was repaid during the year.

More Definitions of Term Facility Commitment

Term Facility Commitment means, for each Term Facility Lender, its Tranche A Term Facility Commitment, Tranche B Term Facility Commitment, Tranche C Term Facility Commitment and/or Tranche D Term Facility Commitment, as applicable. The aggregate principal amount of the Term Facility Commitments of all Term Facility Lenders on the Third Amendment Effective Date is $875.0 million.

Term Facility Commitment means' with respect to any Lender, the commitment of such Lender to make Term Facility Loans hereunder as set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender assumed its Term Facility Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.

Term Facility Commitment means, for each Term Facility Lender, the obligation of such Lender to make Term Facility Loans during the Term Facility Availability Period in a principal amount not to exceed the amount set forth opposite the name of such Lender on Annex A‑2 under the caption “Term Facility Commitment,” or in the Assignment Agreement pursuant to which such Lender assumed its Term Facility Commitment, as applicable, as the same may be (a) changed pursuant to Section 13.05(b) or (b) reduced or terminated from time to time pursuant to Section 2.04 or Section 11.01. The aggregate principal amount of the Term Facility Commitments of all Term Facility Lenders on the Closing Date is $875.0 million.

Term Facility Commitment means a Term Facility A Commitment or a Term Facility B Commitment.

Term Facility Commitment means, with respect to each Lender, the relevant amount designated as such in its Lender Joinder or assigned to it pursuant to Section 9.8, and, with respect to the Term Facility, means the aggregate of all such amounts. On the Closing Date, the Term Facility Commitment is $13,000,000.

Term Facility Commitment means, for each Term Facility Lender, its Tranche D Term Facility Commitment. The aggregate principal amount of the Term Facility Commitments of all Term Facility Lenders on the Fourth Amendment Effective Date is $649,666,666.66.

Term Facility Commitment means, for each Term Facility Lender, the obligation of such Lender to make Term Facility Loans during the Term Facility Availability Period in a principal amount not to exceed the amount set forth opposite the name of such Lender on Annex A‑2 under the caption “its Tranche A Term Facility Commitment,” or in the Assignment Agreement pursuant to which such Lender assumed its Tranche B Term Facility Commitment and/or Tranche C Term Facility Commitment, as applicable, as the same may be (a) changed pursuant to Section 13.05(b) or (b) reduced or terminated from time to time pursuant to Section 2.04 or Section 11.01. The aggregate principal amount of the Term Facility Commitments of all Term Facility Lenders on the ClosingFirst Amendment Effective Date is $875.0 million.