Examples of Additional Term Loan Commitment Termination Date in a sentence
Each Lender’s Additional Term Loan Commitment will terminate immediately and without further action on the earlier of (i) the funding of such Lender’s respective Additional Term Loan Commitment and (ii) the Additional Term Loan Commitment Termination Date.
The Additional Term Loan Commitments shall automatically terminate upon the earlier of (i) the making of the Additional Term Loans and (ii) the Additional Term Loan Commitment Termination Date.
On the Additional Term Loan Commitment Termination Date, the unused portion of each Bank's Additional Term Loan Commitment shall be canceled and will no longer be available for any Additional Term Loan Borrowings thereafter.
Subject to the terms and conditions hereof: each Lender severally agrees to make, at any time on or after the First Amendment Effective Date and prior to the Additional Term Loan Commitment Termination Date, one or more Additional Term Loans to Company in an aggregate amount not to exceed such Lender’s Additional Term Loan Commitment immediately prior to giving effect to any such Additional Term Loan.
During the period from the Closing Date through the Additional Term Loan Commitment Termination Date, and subject to the terms and conditions of this Agreement, Lender agrees to make the Additional Term Loans to Borrower, the proceeds of which shall be used by Borrower solely to finance its repurchase from time to time of shares of its common stock as permitted by Section 5.5 hereof and to finance its repurchase of the distribution rights of its Canadian and Belgian distributors.