Definition of Term Loan A-3 Commitment


Term Loan A-3 Commitment means, as to each Lender, its obligation to make its portion of the Term Loan A-3 to the Borrower on the Third Amendment Effective Date pursuant to Section 2.01(d), in the principal amount set forth opposite such Lender's name on Schedule 2.01; provided that if the Term Loan A-3 is not drawn on or before the earlier of (a) 30 days after the Third Amendment Effective Date and (b) October 10, 2015, the Term Loan A-3 Commitment shall expire. The aggregate principal amount of the Term Loan A-3 Commitments of all Lenders as in effect on the Third Amendment Effective Date is $125,000,000.
Sample 1

Examples of Term Loan A-3 Commitment in a sentence

The unused commitments of the Lenders with respect to the Term Loan A3 shall expire on the Term Loan A3 Commitment Termination Date.
Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the "Term Loan A-3") to the Borrower in Dollars, on any Business Day from the Third Amendment Effective Date to the date that is 30 days subsequent thereto but in no event later than October 10, 2015, in an amount equal to such Lender's Term Loan A-3 Commitment; it being understood that the Term Loan A-3 must be drawn in one Borrowing.
All (x) Base Rate Loans shall be made in a minimum amount of $500,000 and an integral multiple of $100,000 (other than in the case of a borrowing in the amount of the entire remaining Term Loan A-2 Commitment or Term Loan A-3 Commitment), and (y) LIBOR Loans shall be made in a minimum amount of $1,000,000 and an integral multiple of $500,000 (other than in the case of a borrowing in the amount of the entire remaining Term Loan A-2 Commitment or Term Loan A-3 Commitment).