Term Loan Tranche 2 Commitments definition
Examples of Term Loan Tranche 2 Commitments in a sentence
Examples vary from - but are not limited to: - simulation environments such as virtual-twin cities - remote participation to public deliberations - new models for public private partnerships in which solutions are implemented in open and cooperative structures - the promotion of self-sufficiency in food provision - low carbon footprint in public transportation - decentralized, transparent accountability and auditing - decentralized and e-participatory budgeting in the public domain.
If the Term Loan Tranche 2 is funded, on the date of such funding, Borrowers shall pay Agent, for the benefit of all Lenders committed to make the Term Loan Tranche 2 on the date of such borrowing, in accordance with their Pro Rata Shares, a fee in an amount equal to the aggregate amount of all Term Loans funded on such date pursuant to the Term Loan Tranche 2 Commitments multiplied by one and one half percent (1.50%).
On the date the first advance in respect of the Term Loan Tranche 2 is funded, Borrowers shall pay Agent, for the benefit of all Lenders committed to make the Term Loan Tranche 2 on the date of such borrowing, in accordance with their Pro Rata Shares, a fee in an amount equal to the aggregate amount of all the Term Loan Tranche 2 Commitments multiplied by one half of one percent (0.50%).
Unless previously terminated, upon the Term Loan Tranche 2 Commitment Termination Date, the Term Loan Tranche 2 Commitment shall thereupon automatically be terminated and the Term Loan Tranche 2 Commitment Amount of each Lender as of such date shall be reduced by such Lender’s Pro Rata Share of such total reduction in the Term Loan Tranche 2 Commitments.
Contemporaneous with the Term Loan Tranche 2 Activation Date, Borrowers shall pay Agent, for its own account and not for the benefit of any other Lenders, a fee in an amount equal to the aggregate amount of the Term Loan Tranche 2 Commitments multiplied by one half of one percent (0.5%).
Without limiting the foregoing, the parties hereby agree that notwithstanding anything to the contrary in the Credit Agreement that the Term Loan Tranche 2 Commitments are hereby terminated as of the Second Amendment Effective Date and, as of such date, no Lender shall have any obligation to make any Term Loan Tranche 2 Loan in respect thereof.