Term Loan Commitments definition
Examples of Term Loan Commitments in a sentence
The Term Loan Commitments are not revolving in nature, and amounts repaid or prepaid prior to the Maturity Date may not be reborrowed.
The Borrowing of Term Loans on the Closing Date shall be made from the Lenders ratably in proportion to their respective Term Loan Commitments in effect on the Closing Date.
The Borrower shall pay to the Administrative Agent, for the account of each Lender in accordance with its Applicable Percentage, a commitment fee (the “Incremental DDTL Commitment Fee”) equal to the product of (i) the Applicable Rate times (ii) the actual daily amount by which the Incremental Delayed Draw Term Loan Commitments exceed the Incremental Delayed Draw Term Loans, subject to adjustment as provided in Section 2.15.
The Amendment No. 2 Delayed Draw Term Loan Commitments shall (i) be terminated on a dollar-for-dollar basis concurrently with the funding of the Amendment No. 2 Term Loans in accordance with Section 2.01(3) and (ii) to the extent not previously terminated, automatically terminate on the earliest to occur of the Maturity Date and the Amendment No. 2 Delayed Draw Term Loan Commitment Termination Date.
Each Register shall be available for inspection by the Borrower or any applicable Lender (with respect to its own Term Loans and Term Loan Commitments only) at one of the offices of the Agent referred to in Section 14.8 at any reasonable time and from time to time upon reasonable prior written notice.