Examples of Commitment Period Termination Date in a sentence
The Borrower shall pay to the Administrative Agent for the ratable benefit of the Term A-2 Lenders a commitment fee (the “ Commitment Fee”) equal to the actual daily unused amount of the Term A-2 Lenders’ respective Term A-2 Commitments for the period commencing on the Closing Date and ending on the Term A-2 Commitment Period Termination Date at a rate per annum equal to 0.50 percent (0.50%).
Any remaining Term A-2 Commitments shall be permanently terminated, and the aggregate Term A-2 Commitments reduced to $0, upon the earliest to occur of (A) the date of the third Advance under the Term A-2 Facility (after giving effect to such Advance) and (B) the occurrence of the Term A-2 Commitment Period Termination Date.
Any unused Commitments shall terminate on the Commitment Period Termination Date.
Any remaining Term A-1 Commitments shall be permanently terminated, and the aggregate Term A-1 Commitments reduced to $0, upon the earliest to occur of (A) the date of the third Advance under the Term A-1 Facility (after giving effect to such Advance) and (B) the occurrence of the Term A-1 Commitment Period Termination Date.
The Commitment Fee shall be payable in arrears on the last Business Day of each March, June, September and December, commencing with the last Business Day of December 2021, and on the Term A-2 Commitment Period Termination Date.