Unused Term Loan Commitment definition

Unused Term Loan Commitment means, with respect to any Lender at any time, (a) such Lender’s Term Loan Commitment at such time minus (b) the aggregate principal amount of all Term Loan Advances, made by such Lender (in its capacity as a Lender) and outstanding at such time.
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Unused Term Loan Commitment means, in the case of each Lender, as of the date as of which the amount thereof shall be determined, the positive difference, if any, between (i) the amount of such Lender's Term Loan Commitment as of such date and (ii) such Lender's Term Loan Commitment Percentage of the Total Term Loan Commitment Amount as of such date.
Sample 1
Unused Term Loan Commitment for each fiscal month shall be the difference between (i) the amount of the Aggregate Term Loan Commitment as of the last day of such fiscal month, and (ii) the Aggregate Xxxx Xxxx xx xx xxx xxxx xxx xf such fiscal month. The Unused Fee shall be payable monthly in arrears on the 25th day of each month for the prior fiscal month, and on the Revolving Loan Maturity Date or the Term Loan Maturity Date, whichever is later.
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Examples of Unused Term Loan Commitment in a sentence

  • Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each a “Term Loan Advance”) to the Borrowers from time to time on any Business Day during the period from the Closing Date until the Term Loan Commitment Termination Date in a principal amount for each such Term Loan Advance not to exceed such Lender’s Unused Term Loan Commitment at such time.

  • If the Term Loan Advances are accelerated following the occurrence of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of: (i) all outstanding principal plus accrued and unpaid interest, plus (ii) the Prepayment Fee, (iii) the Final Payment, (iv) the Unused Term Loan Commitment Fee, and (iv) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

  • Section 2.01 Establishment of Term Loan Facility Each Term Loan Lender severally agrees, subject to the terms and conditions of this Agreement, to make Advances in respect of the Term Loan Facility to the Borrowers on any Business Day in any amount not to exceed such Lender’s Unused Term Loan Commitment on such day.

  • Borrower shall pay to Administrative Agent for the account of Lenders, based on each Lender's pro-rata share, a non-refundable, recurring Unused Fee calculated by applying an annual rate of 0.250% to the Unused Revolving Loan Commitment and the Unused Term Loan Commitment as of the last day of each fiscal month of Borrower.

  • The Unused Term Loan Commitment Fee shall be payable in arrears on the first day of each calendar quarter for the immediately preceding calendar quarter commencing on the first such date following the date hereof, with a final payment on the date the AutoDiagnos Term Loan is fully funded or any earlier date on which the Banks' commitments to make such Loan have terminated.

  • Each Commitment Fee shall be payable at a per annum rate equal to (x) the applicable commitment fee rate set forth on in the table below (the “Applicable Commitment Fee Rate”) times (y) the Unused Term Loan Commitment or the Unused Bridge Loan Commitment, as applicable, for each day of such period.

  • Collectively, the Revolver Commitment Fee and the Unused Term Loan Commitment Fee.

  • Simultaneously with each reduction or termination of the Term Loan Commitment, the Borrower shall pay to the Administrative Agent for the account of each applicable Lender the Commitment Fee accrued and unpaid on the amount of the Unused Term Loan Commitment of such Lender so terminated or reduced through the date thereof.

  • Simultaneously, it increases the error by up to 10, 65, 5 % respectively.

  • During the period from (and including) the Effective Date to (but excluding) the earliest of (i) the Term Loan Facility Maturity Date, (ii) the date the Total Term Loan Commitment has been wholly advanced or has been reduced to zero, and (iii) the date that the Unused Term Loan Commitment has been reduced to zero, Inco shall pay to the Administrative Agent for the benefit of the Term Loan Lenders an aggregate commitment fee in respect of the Term Loan Facility (the “Term Loan Facility Commitment Fee”).


More Definitions of Unused Term Loan Commitment

Unused Term Loan Commitment means, at any date, with respect to any Bank, an amount equal to its Term Loan Commitment less the aggregate amount of Term Loan Advances which it has made.
Sample 1
Unused Term Loan Commitment means, with respect to any Term Loan Lender at any time, such Term Loan Lender’s Commitment at such time minus the sum of the aggregate principal amount of all Term Loan Advances made by such Term Loan Lender and outstanding at such time.
Sample 1

Related to Unused Term Loan Commitment

  • Tranche B Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Tranche B Term Loan on the Third Restatement Date and “Tranche B Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Total Term Loan Commitment means, at any time, the sum of the Term Loan Commitments of each of the Lenders at such time.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche A Term Loan Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrowers hereunder in a principal amount not to exceed the amount set forth under the heading "Tranche A Term Loan Commitment" opposite such Lender's name on Schedule 1.1B.

  • Tranche C Term Loan Commitment as to any Lender, its obligation to make Tranche C Term Loans to the Borrower pursuant to Section 2.1(e) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name in Schedule A-2 under the heading “Tranche C Term Loan Commitment”; collectively, as to all the Tranche C Term Lenders, the “Tranche C Term Loan Commitments”. The original aggregate amount of the Tranche C Term Loan Commitments on the Third Amendment Closing Date is $1,005.975 million.

  • Initial Term Loan Commitment means, with respect to each Term Lender, the commitment of such Term Lender to make Initial Term Loans hereunder in an aggregate amount not to exceed the amount set forth opposite such Term Lender’s name on the Commitment Schedule, as the same may be (a) terminated pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to (i) assignments by or to such Term Lender pursuant to Section 9.05 or (ii) increased from time to time pursuant to Section 2.22. The aggregate amount of the Term Lenders’ Initial Term Loan Commitments on the Closing Date is $500,000,000.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Term Loans to the Borrower.

  • Incremental Term Loan Commitments has the meaning specified in Section 2.14(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan Commitment, and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is Twenty Million Dollars ($20,000,000.00).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Purchasers, which shall initially be in the amount of $20,000,000, as such amount may be reduced or increased from time to time pursuant to this Agreement.

  • Unused Revolving Credit Commitment means, with respect to any Revolving Credit Lender at any time (a) such Revolving Credit Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of Credit Advances made by such Revolving Credit Lender (in its capacity as a Revolving Credit Lender and not as the Swing Line Bank or an Issuing Bank) and outstanding at such time plus (ii) such Revolving Credit Lender’s Pro Rata Share of (A) the aggregate Available Amount of all Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Letters of Credit Advances made by the Issuing Banks pursuant to Section 2.03(c) and outstanding at such time and (C) the aggregate principal amount of all Swing Line Advances made by the Swing Line Bank pursuant to Section 2.01(d) and outstanding at such time.

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Term Loan Commitment Amount means, (a) as to any Lender that is a Lender on the Closing Date, the dollar amount set forth opposite such Lender’s name on the Commitment Annex under the column “Term Loan Commitment Amount”, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party, and (b) as to any Lender that becomes a Lender after the Closing Date, the amount of the “Term Loan Commitment Amount(s)” of other Lender(s) assigned to such new Lender pursuant to the terms of the effective assignment agreement(s) pursuant to which such new Lender shall become a Lender, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).