Examples of Tranche D Term Loan Commitment in a sentence
Each Lender’s Tranche D Term Loan Commitment shall expire immediately and without further action on the Closing Date after giving effect to the Tranche D Term Loans made thereon.
The Tranche D Term Loans (i) shall be incurred by OIEG pursuant to a single drawing, (ii) shall be denominated in Dollars and (iii) shall not exceed for any Lender at the time of incurrence thereof on the Closing Date that aggregate principal amount which equals the Tranche D Term Loan Commitment, if any, of such Lender at such time.
Each Tranche D Term Loan Lender, severally and for itself alone, hereby agrees, on the terms and subject to the terms and conditions set forth herein and in reliance upon the representations and warranties set forth herein and in the other Loan Documents to make a loan to OIEG on the Closing Date in an aggregate principal amount equal to the Tranche D Term Loan Commitment of such Lender.
Each Lender severally agrees to make a term loan to Borrower on the Tranche D Closing Date in an original principal amount equal to such Lender’s Tranche D Term Loan Commitment (each, a “ Tranche D Term Loan” and, collectively, the “Tranche D Term Loans”).
On the Fourth Amendment Closing Date (after giving effect to the incurrence of Tranche D Term Loans on such date), the Tranche D Term Loan Commitment of each Lender shall terminate.