Examples of Term Loan Commitment in a sentence
The Additional Term Loan Commitments shall automatically terminate upon the earlier of (i) the making of the Additional Term Loans and (ii) the Additional Term Loan Commitment Termination Date.
Borrowing of the Initial Term Loan funded on the Closing Date under this Agreement shall be made by each Term Lender with an Initial Term Loan Commitment on the basis of its then-applicable Initial Term Loan Commitment.
Each Lender’s Additional Term Loan Commitment will terminate immediately and without further action on the earlier of (i) the funding of such Lender’s respective Additional Term Loan Commitment and (ii) the Additional Term Loan Commitment Termination Date.
Subject to the terms and conditions and relying upon the representations and warranties herein set forth, each Lender agrees, severally and not jointly, to make a Term Loan to the Borrower on the Closing Date in a principal amount equaling its Term Loan Commitment.
Each Lender’s Initial Term Loan Commitment will terminate immediately and without further action on the Closing Date after giving effect to the funding of such Xxxxxx’s respective Initial Term Loan Commitment.