Definition of Term Loan 2 Commitment


Term Loan 2 Commitment means $1,599,000.
Sample 1

Examples of Term Loan 2 Commitment in a sentence

Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make to Borrowers a Term Loan 1 Advance in an amount not to exceed such Lenders Term Loan 1 Commitment and a Term Loan 2 Advance in an amount not to exceed such Lenders Term Loan 2 Commitment.
For the period beginning on the Closing Date and ending at the end of the Delayed Draw Term Loan 2 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 2 Commitment.
Bank agrees, on the terms and conditions hereinafter set forth, to extend credit to Borrowers on the Closing Date in a single advance in the amount of the Term Loan 2 Commitment ("Term Loan 2").
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.