Examples of Total Term Loan Facility Commitments in a sentence
If the Total Commitments are not available to be drawn as a result of this clause, the Total Term Loan Facility Commitments and the Total Revolving Credit Facility Commitments shall be reduced and cancelled pro rata and the repayment instalments for the Term Loan shall be reduced pro rata.
If the Total Commitments are partially reduced and/or the Loans partially prepaid under clause 7.1 ( Illegality) or clauses 7.7 to 7.12 (Right of cancellation and prepayment in relation to a single Lender), (a) the Commitments of the relevant Lender shall be reduced to zero and (b) the Total Term Loan Facility Commitments and the Total Revolving Credit Facility Commitments shall be reduced by the amount of such Lender’s Term Loan Facility Commitment and Revolving Credit Facility Commitment as applicable.
If the Total Term Loan Facility Commitments are not fully drawn down on the first Utilisation Date, the undrawn amount shall be automatically cancelled on the first Utilisation Date and the amount of each repayment instalment to be repaid under clauses 6.2 ( Scheduled repayment of Term Loan Facility) shall be reduced on a pro rata basis by the amount so cancelled.