Definition of Tranche C Term Loan Commitment


Tranche C Term Loan Commitment means, from and after the Tranche C Term Loan Commitment Effective Date, the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(v), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate; provided that the amount of the Tranche C Term Loan Commitment of each Tranche C Lender shall be adjusted to give effect to any assignment of such Tranche C Term Loan Commitment pursuant to subsection 10.1B.
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Examples of Tranche C Term Loan Commitment in a sentence

The Borrower may borrow under the Tranche C Term Loan Commitment on the Tranche C Closing Date, provided that, the Borrower shall deliver to the Administrative Agent a Borrowing Notice (which Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the Tranche C Closing Date), specifying the amount of Tranche C Term Loans to be borrowed.
Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Effective Date, a Tranche C Term Loan to Company in an amount equal to such Lenders Tranche C Term Loan Commitment.
Company may make only one borrowing under the Tranche C Term Loan Commitment which shall be on the Effective Date.
Any written notice to the Administrative Agent delivered by an applicable Lender pursuant to this Section shall specify the amount of such Lender's Tranche C Term Loan Commitment and the principal amount of Tranche B Term Loans held by such Lender that are to be converted into Tranche C Term Loans.
Each Lenders Tranche C Term Loan Commitment shall terminate immediately and without further action on the Effective Date after giving effect to the funding of such Lenders Tranche C Term Loan Commitment on such date.