Definition of Term Loan Commitment Termination Date
Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.
Examples of Term Loan Commitment Termination Date in a sentence
Such commitment fees shall be payable by the Borrowers in arrears on each Quarterly Payment Date, commencing with the first such day following the date hereof, and on the Delayed Draw Term Loan Commitment Termination Date.
Make any Restricted Junior Payment; provided that prior to the Term Loan Commitment Termination Date, the Borrower may make Restricted Junior Payments so long as (i) no Event of Termination or Incipient Event of Termination shall then exist or would result therefrom and (ii) such Restricted Junior Payments have been approved by all necessary action on the part of the Borrower and in compliance with all applicable laws.
The Total Term Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Term Loan Commitment Termination Date.
The Term Loan Commitment Termination Date shall not have occurred.
Borrower agrees to pay to the Administrative Agent in Dollars, for the account of each Delayed Draw Term Loan Lender (in each case pro rata according to the respective Delayed Draw Term Loan Commitments of all such Lenders), a commitment fee (the Delayed Draw Commitment Fee) for each day from the Original Closing Date to the Delayed Draw Term Loan Commitment Termination Date.