Unused Term Commitment definition

Unused Term Commitment means, with respect to any Lender at any time, (a) such Lender’s Term Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Term Advances made by such Lender (in its capacity as a Lender) pursuant to such Term Commitment and outstanding at such time.
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Unused Term Commitment means, with respect to any Term Lender at any time, (a) such Lender’s Term Commitment at such time minus (b) the sum of the aggregate principal amount of all Term Advances made by such Lender (in its capacity as a Lender) on or prior to such date, whether or not then outstanding (exclusive, however, of any Term Advance repaid on the First Amendment Effective Date pursuant to the Special Term Loan Repayment).
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Unused Term Commitment means with respect to any Term Lender at any time, such Lender's unused Term Commitment at such time.
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Examples of Unused Term Commitment in a sentence

  • Each Term Lender severally agrees, on the terms and conditions hereinafter set forth, to make one or more advances (each a "Term Advance") to the Borrower from time to time on any Business Day during the period from the Funding Date until December 31, 1998 (the "Marriott Bond Tender Period") in an amount for each such Advance not to exceed such Lender's Unused Term Commitment at such time.

  • Borrower authorizes Bank to collect all principal and interest due under the Line of Credit and the Term Commitment, the Unused Commitment Fee, the Unused Term Commitment Fee, the Letter of Credit Fees and all other fees and expenses charged or otherwise to be reimbursed by Borrower under or in respect of any of the Loan Documents, by charging Borrower’s deposit account number ▇▇▇▇▇▇▇▇▇▇ with Bank, or any other deposit account maintained by Borrower with Bank for the full amount thereof.

  • The Lenders have agreed, subject to the terms and conditions hereinafter set forth, to make advances (each such advance, a “Delayed Draw Term Advance”, and together with the Initial Term Advance, a “Term Advance”) to the Borrower from time to time on any Business Day during the period from the First Amendment Effective Date until the Termination Date in respect of the Term Facility in an amount for each such Advance not to exceed such Lender’s Unused Term Commitment at such time.

  • For purposes of this Section 9.05, a Lender’s ratable share of any amount shall be determined, at any time, according to the sum of (a) the aggregate principal amount of Loans outstanding at such time and owing to such Lender; (b) the aggregate Letter of Credit Liabilities outstanding at such time and owing to such Lender and (c) such Lender’s Unused Revolving Credit Commitment and Unused Term Commitment outstanding at such time.

  • Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make three advances (each a "Term Advance") to Paxar from time to time on any Business Day during the period from the date hereof until the Term Advance Termination Date in an amount for each such Term Advance not to exceed such Lender's Unused Term Commitment at such time; provided, however, that Paxar shall borrow at least $100,000,000 under the Term Facility on the Effective Date.

  • The Borrower shall pay to the Administrative Agent for the benefit of the Term Lenders a non-refundable commitment fee on the aggregate average daily undisbursed amount of the Term Commitment (the "Unused Term Commitment").

  • Subject to the terms and conditions hereinafter set forth, the Lenders agree to make advances (each such advance, a “Delayed Draw Term Advance” or a “Term Advance”) to the Borrower from time to time on any Business Day during the period from the Second Amendment Effective Date until the Termination Date in respect of the Term Facility in an amount for each such Advance not to exceed such Lender’s Unused Term Commitment at such time.

  • Each Term Lender severally and not jointly with the other Term Lenders agrees, on the terms and conditions hereinafter set forth, to make an advance (each, a “Term Advance”) to the Borrower on any Business Day during the period from the Amendment No. 1 Effective Date until the Term Facility Commitment Termination Date (subject to Section 3.02) in an amount not to exceed such Term Lender’s Unused Term Commitment at such time.

  • Each Term Lender severally and not jointly with the other Term Lenders agreed, on the terms and conditions hereinafter set forth, to make an advance (each, an “Initial Term A Advance”) to the Term Loan Borrower on any Business Day during the period from the Amendment No. 1 Effective Date until the Term Facility Commitment Termination Date (subject to Section 3.02) in an amount not to exceed such Term Lender’s Unused Term Commitment at such time.

  • Each Lender severally and not jointly with the other Lenders agrees, on the terms and conditions hereinafter set forth, to make up to three (3) advances (each, an “Advance”) to the Borrower on any Business Day during the period from the Closing Date until the Term Facility Commitment Termination Date (subject to Section 3.02) in an amount not to exceed such Lender’s Unused Term Commitment at such time.