Examples of Term Loan Availability Period in a sentence
Subject to the terms and conditions set forth herein, each Lender having a Term Loan Commitment severally agrees to make Term Loans, in one single advance, during the Term Loan Availability Period in an aggregate principal amount not to exceed the lesser of (x) the Term Loan Commitment of such Lender and (y) such Lender's Pro Rata Share of the Required Loan Component; provided, however, that Term Loans may not be repaid and then reborrowed.
Such commitment fee shall accrue at all times during the Term Loan Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December in each year, commencing with the first such date to occur after the Closing Date, and on the last day of the Term Loan Availability Period.
Subject to the terms and conditions set forth in this Agreement, each Term Loan Lender severally agrees to make one (1) advance to Borrower (a "Term Loan") in Dollars during the Term Loan Availability Period in such Term Loan Lender's Pro Rata Share of the Term Loan amount requested in an aggregate amount not to exceed the amount of the Term Loan Commitment.
Such fee shall be computed on a daily basis and payable monthly in arrears on the first day of each month during the Term Loan Availability Period and on the Term Loan Availability Termination Date.
Borrower agrees to pay to the Administrative Agent for the account of each Lender having a Term Loan Commitment a commitment fee, which shall accrue at the Applicable Percentage per annum on the daily amount of the unused Term Loan Commitment of such Lender until the last day of the Term Loan Availability Period.