Term Loan Commitment Period Clause Samples
The Term Loan Commitment Period clause defines the specific timeframe during which a lender is obligated to make term loan funds available to the borrower. Typically, this period begins on the date the loan agreement is executed and ends on a predetermined date or upon the occurrence of certain events, such as full disbursement of the loan or a default by the borrower. By clearly establishing when the borrower can draw on the loan, this clause ensures both parties understand the window of availability, thereby preventing disputes and providing certainty regarding the timing of loan funding.
Term Loan Commitment Period. See §2.1(a).
Term Loan Commitment Period. The date “March 30, 2020” appearing in the definition of “Term Loan Commitment Period” set forth in Section 1.1 of the Original Loan Agreement is hereby amended to read “the First Amendment Closing Date”.
Term Loan Commitment Period. See §2.2(a). Term Loan Lenders. Collectively, the Lenders which have a Term Loan Commitment, the initial Term Loan Lenders being identified on Schedule 1.1 hereto. Term Loan Maturity Date. July 24, 2018 or such earlier date on which the Loans shall become due and payable pursuant to the terms hereof.
Term Loan Commitment Period. The definition of "Term Loan Commitment Period" in Appendix A to the Loan Agreement is hereby deleted in its entirety and replaced with the following: