Term Loan Commitment Period definition
Examples of Term Loan Commitment Period in a sentence
The Term Loan Commitments of the Term Loan Banks to make the Term Loans (other than the New Term Loan Commitments, which shall be governed by Section 9.17) shall expire on the last day of the Term Loan Commitment Period (regardless of the failure of the Borrower to fully utilize the Term Loan Commitments) and the Term Loan Amount shall be reduced by the amount of such expired Term Loan Commitments.
No more than two (2) separate advances during any calendar month period under the Aggregate Delayed Draw Term Loan Commitment shall be permitted during the Delayed Draw Term Loan Commitment Period.
Upon the earlier to occur of (x) the funding of the Term Loans as set forth in Section 2.1(b) and (y) the end of the Term Loan Commitment Period, the amount of the Total Term Commitment shall be reduced to zero.
For the avoidance of doubt, no Term Lender shall have an obligation to make a Term Loan after the Term Loan Commitment Period ends.
The Delayed Draw Term Loan Commitment of each Delayed Draw Term Loan Lender (along with the Aggregate Delayed Draw Term Loan Commitment) shall be reduced by the amount of each such advance made by such Delayed Draw Term Loan Lender on the date that each such advance is made, and the Delayed Draw Term Loan Commitment of each Delayed Draw Term Loan Lender, along with the Aggregate Delayed Draw Term Loan Commitment, shall terminate on the last day of the Delayed Draw Term Loan Commitment Period.