Term Loan Facility Commitment definition

Term Loan Facility Commitment means, in relation to a Lender, the amount set opposite its name under the heading “Term Loan Facility Commitment” in Part II of Schedule 1 (The Parties) and the amount of any other Term Loan Facility Commitment transferred to it under this Agreement, and to the extent not cancelled, reduced or transferred by it under this Agreement.

Term Loan Facility Commitment means Seven Million Nine Hundred Sixteen Thousand Six Hundred Six and 67/100 Dollars ($7,916,606.67).

Term Loan Facility Commitment means the commitment of a Lender to make Term Loans pursuant to Section 2.1.1.

Examples of Term Loan Facility Commitment in a sentence

• Notwithstanding anything to the contrary herein, on the Effective Date, the Debtors or the Reorganized Debtors shall pay (i) the Commitment Fee to Equity Investors in accordance with the terms of the Commitment Letter and (ii) the Term Loan Facility Commitment Fee to the Term Loan Facility Commitment Parties in accordance with the terms of the Term Loan Facility Commitment Papers.

• Notwithstanding the foregoing, the fees and expenses of the Prepetition Investors shall be payable by the Reorganized Debtors to the Commitment Parties as provided in the Term Loan Facility Commitment Papers promptly upon invoicing to the Reorganized Debtors without any notice to the Bankruptcy Court or any other party.

• Notwithstanding the foregoing, the fees and expenses of the Prepetition Investors as provided in the Term Loan Facility Commitment Papers, and as approved by the Commitment Letter Approval Order, shall be payable by the Debtors (or the Reorganized Debtors) to the Prepetition Investors promptly upon invoicing to the Debtors (or the Reorganized Debtors) without any notice to the Bankruptcy Court or any other party.

• The Term Loan Facility Commitment will be automatically cancelled at the close of business on the last day of its Availability Period.

• If any part of the Term Loan Facility Commitment is cancelled (including, for the avoidance of doubt, under Clauses 9.1 and 9.7), the Company must pay to the Lender a cancellation fee on the date on which such part of the Term Loan Facility Commitment is cancelled.

More Definitions of Term Loan Facility Commitment

Term Loan Facility Commitment and replacing them with the following new definition:

Term Loan Facility Commitment means the commitment of the Lender to make Term Loans hereunder as set forth in Section 2.01, in an aggregate maximum principal amount not to exceed $10,000,000, as the same may be reduced from time to time pursuant to Section 2.07, and subject to each Term Loan Borrowing Limit.

Term Loan Facility Commitment means the commitment of the Lender to make a Term Loan hereunder as set forth in Section 2.01, in an aggregate maximum principal amount not to exceed $7,804,438.

Term Loan Facility Commitment means the commitment by each Lender under the Term Loan Facility to provide the amount of Canadian Dollars set forth opposite its name in Schedule A annexed hereto, subject to any reduction in accordance with the provisions hereof.

Term Loan Facility Commitment means US$10,000,000 to the extent not cancelled, transferred or reduced under this Agreement. US Dollar(s) or US$ means the lawful currency of the United States of America. Utilisation Date means the date of the utilisation of a Facility, being the date on which the relevant Loan is made or a Banker’s Guarantee is issued, as the context so requires.

Term Loan Facility Commitment means, as to any Lender, its obligation to make Term Loans under the Term Loan Facility to the Borrowers hereunder, as such commitment may be (a) reduced from time to time pursuant to this Agreement and (b) adjusted from time to time pursuant to (i) assignments by or to such Lender pursuant to an Assignment And Assumption or (ii) an Incremental Amendment. The initial amount of each Lender’s Term Loan Facility Commitment is specified on Schedule 2.01 under the heading or caption “Term Loan Facility Commitment” or, otherwise, in the Assignment And Assumption or Incremental Amendment pursuant to which such Lender shall have assumed its Term Loan Facility Commitment, as the case may be; and “Term Loan Facility Commitments” means the aggregate Term Loan Facility Commitments of all of the Lenders.

Term Loan Facility Commitment means, as to each Lender, its obligation to make Loans pursuant to Section 2.01 in an aggregate principal amount equal to the amount set forth opposite such Lender’s name on Schedule 2.01(a) or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amounts of the Term Loan Facility Commitments on the Effective Date is $300,000,000.