Total Term Loan Facility Commitments definition
Examples of Total Term Loan Facility Commitments in a sentence
Subject to the terms of this Agreement, the Lenders make available to the Borrower a term loan facility in an aggregate amount equal to the Total Term Loan Facility Commitments.
Subject to the other provisions of this Agreement, (a) each Lender shall participate in each Revolving Advance in the proportion which, as at the relevant Drawdown Date, its Revolving Credit Commitment bears to the Total Revolving Facility Commitments, and (b) each Lender shall participate in each Term Loan Advance in the proportion which, as at the relevant Drawdown Date, its Term Loan Facility Commitment bears to the Total Term Loan Facility Commitments.
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.
Subject to the terms of this Agreement, the Lenders make available to the Borrowers a term loan facility in an aggregate amount equal to the Total Term Loan Facility Commitments.