Committed Loan Amount definition
Examples of Committed Loan Amount in a sentence
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 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.
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.
Subject to and upon the terms and conditions of this Agreement, Bank agrees at any time from the date hereof through the Commitment Termination Date to make Advances to Borrower in an aggregate principal amount of up to the 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.
The Loan is further evidenced by a Promissory Note of even date herewith (the “Note”) made by Borrower in the Committed Loan Amount.
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 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.
When FFCA and Debtor have agreed upon the provisions of such Term Sheet (including, without limitation, the Committed Loan Amount) and executed the Term Sheet, FFCA will order a title insurance commitment and phase I environmental report for the proposed Site and instruct its counsel to begin preparing the applicable Loan Documents.
Bank shall, at its option, charge such interest, all Bank Expenses, and all Periodic Payments against any of Borrower's deposit accounts or against the Committed Loan Amount, in which case those amounts shall thereafter accrue interest at the rate then applicable hereunder.