Examples of Term Loan Commitment in a sentence
Each Term Lender’s Delayed Draw Term Loan Commitment shall be permanently reduced immediately and without further action upon the making of the Delayed Draw Term Loan in an amount equal to the amount of such Term Lender’s Pro Rata Percentage of such Delayed Draw Term Loan.
Subject to the terms and conditions of this Agreement including Section 2.1, on the Closing Date, each Term Lender shall be deemed to have made Term Loans on the Closing Date (the “Term Loans”) to Borrower, in an aggregate principal amount not to exceed the amount of such Term Lender’s Term Loan Commitment.
Each Term Lender’s Term Loan Commitment shall be permanently reduced immediately and without further action upon the making of the Term Loan in an amount equal to the amount of such Term Lender’s Pro Rata Percentage of such Term Loan.
Each Term Lender’s Initial Term Loan Commitment shall be permanently reduced immediately and without further action upon the making of the Initial Term Loan in an amount equal to the amount of such Term Lender’s Pro Rata Percentage of such Initial Term Loan.