Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.
Initial Commitment means, in relation to an Initial Senior Noteholder, the amount set out in the relevant Senior Noteholder Fee Letter.
Initial Commitment means with respect to each Lender, the commitment of such Lender to make a Loan on the Closing Date in the amount of such Xxxxxx’s Initial Commitment set forth on Schedule 2.01, as such commitment shall be terminated pursuant to Section 2.06.
Examples of Initial Commitment in a sentence
The Initial Commitment Amount shall automatically and permanently be reduced to zero on the Closing Date (immediately after the making of the Initial Loan on such date).
Subject to the terms and express conditions set forth herein, each Lender severally agrees to make an Initial Term Loan to the Borrower on the Closing Date in Dollars in an aggregate principal amount equal to its Initial Commitment.
On the terms and subject to the conditions of this Agreement, each Lender severally agrees to make its portion of a term loan (the “Initial Loan”) to the Borrower on the Closing Date in an amount equal to (but not less than) such Xxxxxx’s Initial Commitment Amount.
More Definitions of Initial Commitment
Initial Commitment. With respect to any Series, the aggregate initial commitment, expressed as a dollar amount, to purchase up to a specified principal balance of all Classes of such Series, which commitments shall be set forth in the related Supplement.
Initial Commitment means with respect to any Lender, such Lender’s Initial US Commitment and/or Initial Canadian Commitment.
Initial Commitment has the meaning ascribed thereto in subsection 7.1.
Initial Commitment has the meaning assigned such term in Section 2.01. -------------------
Initial Commitment means, for any Initial Lender, the obligation of such Initial Lender to make an Initial Loan hereunder, up to the principal amount shown on Schedule 1.01(a). The aggregate amount of the Initial Lenders’ Initial Commitments as of the Closing Date is $150,000,000.
Initial Commitment has the meaning set forth in the definition of the term “Commitment”.
Initial Commitment has the meaning specified in the definition of "Commitment" in this Section 1.01.