Definition of Total Term A Loan Commitment


Total Term A Loan Commitment means the sum of the Term A Loan Commitments. As of the Effective Date, the Total Term A Loan Commitment equals $27,000,000.
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Examples of Total Term A Loan Commitment in a sentence

On or prior to the Effective Date, the Borrowers shall pay to the Administrative Agent (i) for the account of the Term A Loan Lenders, in accordance with their Pro Rata Shares, a non- refundable closing fee (the "Underwriting Fee (Term A)") equal to 2% of the Total Term A Loan Commitment, and (ii) for the account of the Term B Loan Lenders, in accordance with their Pro Rata Shares, a non- refundable closing fee (the "Underwriting Fee (Term B)") equal to 3% of the Total Berm B Loan Commitment.
The Total Term A Loan Commitment and the Total Term B Loan Commitment shall terminate upon the earlier to occur of (A) the time at which the Term Loans are made and (B) 5:00 p.m. (New York City time) on December 31, 2012.
Notwithstanding the foregoing, the aggregate principal amount of the Term A Loans made on the Effective Date shall not exceed the Total Term A Loan Commitment.