Committed Term Line definition

Committed Term Line means a credit extension of up to Three Million Two Hundred Thousand Dollars ($3,200,000).
Sample 1
Committed Term Line means a credit extension of up to Nine-Hundred Thousand Dollars ($900,000) made pursuant to Section 2.1.2 hereof, and as further limited pursuant to the terms and conditions of Section 2.1.2 hereof.
Sample 1
Committed Term Line means a credit extension of up to Three Million Eight Hundred Thousand and 00/00 Dollars ($3,800,000) with One Million Nine Hundred Eighty Nine Thousand and 00/100 ($1,989,000.00) currently amortizing and up to Six Hundred Thousand and 00/100 Dollars ($600,000.00) in the aggregate available to Borrower for Term Loans (the "Additional Term Loan").
Sample 1

Examples of Committed Term Line in a sentence

  • The Loan Agreement provided for, among other things, a Committed Term Line in the original principal amount of Four Million Dollars ($4,000,000).

  • The Loan Agreement has been modified pursuant to a Loan Modification Agreement dated March 21, 2001, pursuant to which, among other things, the original principal amount of the Committed Term Line decreased to Three Million Two Hundred Thousand Dollars ($3,200,000).

  • A fully earned non-refundable Facility Fee of, at Borrower's discretion, (i) 0.30 % of the Committed Term Line, payable at closing, or (ii) 0.50% per annum of the unused portion of the facility during the Advance Period, paid quarterly in arrears.


More Definitions of Committed Term Line

Committed Term Line means a Credit Extension of up to $500,000.
Sample 1
Committed Term Line means a credit extension of up to Four Million Dollars ($4,000,000) made pursuant to Section 2.1.2 hereof, and as further limited pursuant to the terms and conditions of Section 2.1.2 hereof.
Sample 1

Related to Committed Term Line

  • Initial Term Lender means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrowers pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 (as in effect on the Closing Date) under the caption “Initial Term Commitment,” as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Initial Term Commitments is $350,000,000.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Adjusted Term SOFR means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor.

  • Additional Term Lender means any Lender with an Additional Term Loan Commitment or an outstanding Additional Term Loan.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • New Term Lender a Lender that has a New Term Loan.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Tranche B Term Lender each Lender that has a Tranche B Term Commitment or that holds a Tranche B Term Loan.

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Required Term Lenders means, as of any date of determination, Term Lenders holding more than 50% of the Term Facility on such date; provided that the portion of the Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Lenders.

  • Extending Term Lender has the meaning set forth in Section 2.16(c).