Examples of Committed Loan Amount in a sentence
Any interest, fees and other payments accrued on and after the Effective Date with respect to the Assigned Committed Loan Amount shall be for the account of Assignee.
The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee, in Dollars, equal to the Applicable Rate times the daily amount by which the Aggregate Commitments exceed the sum of (i) the Outstanding Committed Loan Amount of Committed Loans plus (ii) the Outstanding Committed Loan Amount of L/C Obligations, calculated on the basis of a 360-day year and the number of actual days elapsed.
The Borrower hereby further acknowledges and agrees that if at any time during the Effective Period the Aggregate Loan Exposure exceeds the Effective Period Committed Loan Amount, the Borrower shall immediately prepay the Revolving Loans and Swingline Loans in an amount sufficient to eliminate such excess (such payment to be applied as set forth in Section 2.6(b)(ii) of the Credit Agreement).
The only output of the code of section 2.1 used in the integration of the short-distance cross sections is thus the finite part, defined according to the conventions given in the appendix B of ref.
The Syndication Parties shall, subject to the limitation set forth in Section 2.2 of this Agreement, lend to Borrower a principal sum not to exceed, for each Contiguous System, the lesser of (a) the Contiguous System Committed Loan Amount, and (b) the Acquisition Cost ("Acquisition Loan"); provided, however, that the aggregate amount of all Acquisition Loans outstanding at any time shall not exceed the Aggregate Acquisition Loan Commitment.
If CoBank determines, in its sole discretion, that (a) any such information (including without limitation, assumptions, projections, forecasts or costs included in the Contiguous System Information) lacks a reasonable basis, or (b) that the Acquisition Cost is too high, then CoBank may reject such information, in which case CoBank shall not make the requested Acquisition Loan, or CoBank may make adjustments to such information before determining the Contiguous System Committed Loan Amount.
Borrower shall have provided CoBank with evidence satisfactory to CoBank that (a) the CCI Advance Portion of any Advance Request has been funded on or before the Advance Date and, (b) with respect to an Acquisition Loan, Guarantor or a Subordinated Lending Party has funded, on or before the Advance Date, any difference between the Contiguous System Committed Loan Amount and the Acquisition Cost.
Subject to and upon the terms and conditions of this Agreement, Bank agrees, at any time from the date of this Agreement through the Term Availability Date, to make Advances to Borrower in an aggregate principal amount not to exceed the Committed Loan Amount; provided, however, the initial Advance in the amount of approximately Six Million Dollars ($6,000,000) shall be used by Borrower to pay in full an obligation owed to one of Borrower's European distributors (the "Existing Obligation").
Such Lender’s commitment on the Loan Fund that has not been disbursed and its Disposable Committed Loan Amount shall be automatically cancelled upon such notice by the Agent Bank.
If more than two Lenders wish to exercise their preemptive right, they shall consult with each other to determine their respective percentage in the transfer; if consultation fails, they shall exercise their preemptive right according to the percentage of their respective share in the total share of the Transferee Banks in the Loan Balance (or the percentage of their respective Committed Loan Amount in the Loan Amount if the Loan Fund has not been disbursed) as of the time of such transfer.