Term Loan A Availability Period means the period from the Effective Date to the earliest of (i) May 15, 2014 (or if such day is not a Business Day, then the next succeeding Business Day) and (ii) the date of termination of the Term Loan A Commitments pursuant to Section 8.1 or pursuant to any other term or provision of this Agreement or any other Loan Document.
Examples of Term Loan A Availability Period in a sentence
Subject to the terms and conditions set forth herein, the Lenders will make advances of their respective Term Loan A Commitment Percentages of a term loan (the Term Loan A) in an aggregate amount not to exceed the Term Loan A Commitment, which Term Loan A will be disbursed to the Borrower in Dollars in a single advance during the Term Loan A Availability Period.
Each Lenders Term Loan A Commitment shall expire on the last day of the Term Loan A Availability Period.
Borrower shall pay to Administrative Agent, for the benefit of all Lenders that are not Defaulting Lenders (based upon their respective Pro Rata Shares of the Term Loan A Commitment) a fee in an amount equal to the average daily unused portion of the Term Loan A Commitment during the Term Loan A Availability Period at the rate of 0.50% per annum.
Such fee is to be paid quarterly in arrears on the last day of each calendar quarter for such calendar quarter (or portion thereof), with the final such payment due on the last day of the calendar quarter end immediately following the last day of the Term Loan A Availability Period.
Each Lender, severally and not jointly, agrees to lend to the Borrower, in one or more advances during the Term Loan A Availability Period, a portion of the additional $80,000,000 of the Term Loan A Commitment as increased on the Amendment Date such that each Lender shall have advanced to Borrower its Pro Rata Share of the Term Loan A Commitment; provided all conditions precedent set forth in Subsections 7.1 and 7.2 are satisfied or waived by the Administrative Agent as provided herein.