Examples of Initial Term Commitments in a sentence
The Initial Term Commitments of each Term Lender shall be automatically and permanently reduced to $0 upon the funding of the Initial Term Loans to be made by such Term Lender on the Closing Date.
The Borrowerhas requested that, on the Closing Date, the Lenders make available to them the Initial Term Commitments and Initial Term Loans, on the terms and conditions set forth herein, the proceeds of which will be used for the purposes set forth in Section 6.11.
Unless previously terminated, the Initial Term Commitments shall terminate on the Effective Date immediately upon the funding of the Initial Term Loans pursuant thereto on the Effective Date.
The Initial Term Borrowing shall consist of Initial Term Loans made simultaneously by the Term Lenders in accordance with their respective Initial Term Commitments.
Construction Industry Licensing Board, created18 under part I of chapter 489.19 6.