Total C Term Loan Commitment definition
Examples of Total C Term Loan Commitment in a sentence
On the C Term Borrowing Date (immediately prior to the incurrence of Term Loans on such date)the C Term Loans on such date), the Borrower shall have the right to voluntarily reduce the Total C Term Loan Commitment in part or in whole in integral multiples of $1,000,000, subject to the delivery of at least three Business Days’ prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders).
Each such reduction to the Total C Term Loan Commitment shall apply proportionately to permanently reduce the C Term Loan Commitment of each Lender with a C Term Loan Commitment.