Examples of Committed Line Amount in a sentence
Each of the Borrowers, on behalf of each of its respective Funds having Loans outstanding at any time, further covenants and agrees that it shall make such repayments of the Loans outstanding to each such Fund at any time to the extent required such that the then outstanding aggregate principal amount of all Loans to all Funds hereunder shall at no time exceed the Committed Line Amount upon the earlier to occur of such Borrower first becoming aware of any such circumstance or demand by the Bank.
Each of the Borrowers, on behalf of its respective Funds, shall pay to the Bank its ratable portion (calculated in accordance with Section I.5(c) above) of commitment fee accruing at the rate of 0.20% per annum on the unused portion of the Committed Line Amount.
As a condition precedent to the effectiveness of this letter agreement, the Borrowers shall pay to the Bank on the date of this letter agreement a non-refundable fee equal to 0.05% of the Committed Line Amount, which fee shall be fully earned by the Bank upon the date of this letter agreement.
The Borrowers shall pay to the Bank a commitment fee at the rate of 0.25% per annum on the unused portion of the Committed Line Amount.
Notwithstanding the foregoing, at no time shall the aggregate outstanding amount of all Loans to all Borrowers hereunder exceed $9,000,000 (the "Committed Line Amount").