Total Commitment Amount definition
Examples of Total Commitment Amount in a sentence
The amount of principal repayable on each Repayment Date is the amount set out opposite that Repayment Date in Schedule 1; provided that, if the aggregate amount of Disbursements made up to and including the Final Disbursement Date is less than the Total Commitment Amount, then each amount of principal set forth on Schedule 1 shall be ratably reduced in proportion to such amount.
The Borrower may cancel at any time all or any part of the undisbursed and uncanceled amount of the Total Commitment Amount, provided that thirty (30) days’ irrevocable prior written notice is given to EXIM Bank.
The Total Commitment Amount is the maximum amount that EXIM Bank is committed to make available under the Credit Facility.
Prepayments shall be applied to the installments of the Total Commitment Amount in the inverse order of their maturity.