The Term Loan 1 Commitment and Term Loan 2 Commitment of each Lender shall expire on the funding by such Lender of its Term Loan 1 Advance and Term Loan 2 Advance, respectively.
Delayed Draw Term Loan Commitment Termination Date means the Delayed Draw 1 Term Loan 1 Commitment Termination Date or the Delayed Draw Term Loan 2 Term Loan Commitment Termination Date, as applicable.
For the period beginning on the Closing Date and ending at the end of the Delayed Draw Term Loan 1 Commitment Period, the Borrowers agree to pay to the Agent, for the pro rata benefit of the Lenders, based on their Applicable Commitment Percentages, a commitment fee in the amount of the Applicable Margin on the undrawn portion of the Delayed Draw Term Loan 1 Commitment.
Until the Business Day immediately prior to the end of the Delayed Draw Term Loan 1 Commitment Period, Borrowers may seek a disbursement of the Delayed Draw Term Loan 1 at any time and from time to time.
As of the First Amendment Effective Date, the amount available for drawing under the Term Loan 1 Commitment is $0, and the aggregate outstanding principal amount of Term Loan 1s is $10,000,000.