Total Bridge Loan Commitment definition

Total Bridge Loan Commitment means the aggregate amount of $18,632,891.16, as set forth in Section 2.4(c) of the Financing Agreement.
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Total Bridge Loan Commitment means the aggregate Bridge Loan Commitments of all of the Lenders, as such Bridge Loan Commitments may be amended from time to time.
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Total Bridge Loan Commitment has the meaning ascribed to such term in Section 2.1A.
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Examples of Total Bridge Loan Commitment in a sentence

  • The Total Bridge Loan Commitment on the Closing Date is $18,632,891.16.

  • Subject to the terms and conditions set forth in this Financing Agreement, each Lender severally agrees to make to Borrower one or more loans as Borrower may request during the Availability Period under Section 2.5 (individually, a “Bridge Loan” and, collectively, the “Bridge Loans”), in an aggregate principal amount not to exceed such Lender’s Proportionate Share of the Total Bridge Loan Commitment.

  • Borrower may request Base Rate Loans or LIBO Rate Loans, in each case, pursuant to the Notice of Borrowing under Section 2.5. Each Lender shall make its Bridge Loan, in an amount not in excess of its Total Bridge Loan Commitment, pursuant to Section 3.1(c).

  • Borrower may from time to time upon two (2) Business Days notice to Administrative Agent, permanently reduce (without premium or penalty), by an amount of $500,000 or integral multiples of $100,000 in excess thereof or cancel in its entirety the Total LC Commitment, the Total Term Loan Commitment or the Total Bridge Loan Commitment.

  • After giving effect to the making of the Bridge Loan, the aggregate principal amount of the Bridge Loan (excluding Bridge Loan PIK Interest) then outstanding shall not exceed the Total Bridge Loan Commitment at such time.

  • Borrowings under the Term Loan Facility and the Bridge Loan Facility shall be pro-rata until the whole of the Total Bridge Loan Commitment has been advanced or the Total Bridge Loan Commitment is reduced to zero.

  • Bridge Loan to the Company pursuant to this Section 2.1A are herein called the "Total Bridge Loan Commitment." The Bridge Loan will be a senior unsecured obligation of the Company and will rank (i) pari passu with all other unsubordinated indebtedness of the Company and (ii) senior to any subordinated indebtedness of the Company.

  • Such prepayment shall permanently reduce the Total Term Loan Commitment or the Total Bridge Loan Commitment, at the option of such Borrower, and be allocated based on the Pro Rata Share of the relevant Loan Facility of each Lender.


More Definitions of Total Bridge Loan Commitment

Total Bridge Loan Commitment means $75,000,000, as such amount may be reduced or terminated pursuant to Section 2.7 on and after the Closing Date.
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Related to Total Bridge Loan Commitment

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Loan Commitment means, with respect to a Loan, the maximum aggregate amount, as defined by Lender in the applicable Commitment Letter, of advances available to be disbursed on such Loan.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.