Definition of Term Loan Commitment Availability Period


Term Loan Commitment Availability Period means the period from the Closing Date through the sixth month anniversary of the Closing Date.
Sample 1

Examples of Term Loan Commitment Availability Period in a sentence

During the Term Loan Commitment Availability Period, the Borrower shall be entitled to borrow and prepay Term Loans in accordance with the provisions hereof, but once repaid or prepaid, Term Loans may not be reborrowed.
Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which shall accrue at the Applicable Percentage per annum (determined daily in accordance with Schedule I) on the daily amount of the unused Term Loan Commitment of such Lender during the Term Loan Commitment Availability Period.