Examples of C Term Commitment in a sentence
For the avoidance of doubt, for purposes of calculating the Commitment Fee, the Tranche C Term Commitment shall be deemed to be Twenty Million Dollars ($20,000,000) for the period prior to the Third Amendment Effective Date and Thirty Million Dollars ($30,000,000) from and after the Third Amendment Effective Date.
Subject to the terms and conditions hereof, each Tranche C Term Lender severally agrees to make a term loan (a “Tranche C Term Loan”) to the Borrower on the Second Amendment and Restatement Closing Date in an amount equal to the amount of the Tranche C Term Commitment of such Lender.
Each Tranche C Term Lender severally agrees, on the terms and conditions set forth herein, to make a single loan to the Borrower (each such loan, a "Tranche C Term Loan") on the Closing Date in a principal amount not to exceed such Tranche C Term Lender's Tranche C Term Percentage of the Tranche C Term Commitment.
Subject to the terms and conditions set forth in this Agreement, (i) each Tranche B Term Lender severally agrees to make to the Borrower a single loan denominated in Dollars in a Dollar Amount equal to such Term Lender’s Tranche B Term Commitment on the Closing Date and (ii) each Tranche C Term Lender severally agrees to make to the Borrower a single loan denominated in Dollars in a Dollar Amount equal to such Term Lender’s Tranche C Term Commitment on the Closing Date.
Subject to the terms and conditions hereof, (a) each Tranche B Term Lender severally agrees to make a term loan (a "TRANCHE B TERM LOAN") to the Borrower on the Closing Date in an amount not to exceed the amount of the Tranche B Term Commitment of such Lender and (b) each Tranche C Term Lender severally agrees to make a term loan (a "TRANCHE C TERM LOAN") to the Borrower on the Closing Date in an amount not to exceed the amount of the Tranche C Term Commitment of such Lender.
This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of South Carolina, except to the extent governed by the laws of the United States of America in which case federal laws shall govern.
The Tranche C Term Commitment of each Tranche C Term Lender shall be automatically and permanently reduced to $0 upon the making of such Tranche C Term Lender’s Tranche C Term Loans pursuant to Section 2.01(a)(ii).
Subject to the terms and conditions hereof, each Tranche B Term Lender with a Tranche C Term Commitment severally agrees to exchange its Tranche B Term Advance for a like principal amount in Dollars of Tranche C Term Advances on the Amendment No. 7 Effective Date, and from and after the Amendment No. 7 Effective Date such Tranche B Term Advance shall be deemed refinanced in full and such Tranche C Term Advances shall be deemed made hereunder.
For purposes hereof, any Lender that has a Tranche C Term Commitment or Tranche C Term Loan is referred to as a “Tranche C Term Lender” and this Joinder Agreement shall be deemed to be a “Loan Document” under the FNIS Credit Agreement.
Subsection 10.6(c) of the Credit Agreement is hereby amended by (i) deleting therefrom the phrase "$2,000,000 in the aggregate of the Tranche B Term Commitment or the Tranche C Term Commitment" and substituting in lieu thereof the phrase "$1,000,000 of the New Tranche B Term Commitment" and (ii) deleting the phrase "Tranche B Term Loans or Tranche C Term Loans" wherever it appears therein and substituting in lieu thereof the phrase "New Tranche B Term Loans".