Initial Committed Amount definition
Examples of Initial Committed Amount in a sentence
Borrower shall pay to bocm3, LLC an annual monitoring fee of $50,000.00 (the “Monitoring Fee”) so long as any portion of a Loan is outstanding; provided, however, that if the Initial Committed Amount is not loaned in full, the annual Monitoring Fee shall be equal to the product of the following: (a) the aggregate principal amount of the Loans, multiplied by (b) $50,000.00, divided by (c) the Initial Committed Amount.
On or before April 7, 2017 (the “Subsequent Initial Funding Date”), Lender hereby agrees, on a best-efforts basis, to lend Borrower an amount equal to the difference between the Initial Committed Amount and the First Loan (the “Second Loan”).
The First Warrant shall be in the form attached hereto as Exhibit B and shall be issued even in the event the Initial Committed Amount is not loaned to Borrower in full.
Each Bank's "Committed Amount" at any time shall be equal to the amount set forth as its "Initial Committed Amount" below its name on the signature pages hereof, as such amount may have been reduced under Section 2.02(c) hereof at such time, and subject to transfer to or from another Bank as provided in Section 9.13 hereof.
Subject to the terms and conditions set forth herein, Lender shall make Loans to Borrower from time to time in accordance with each Loan Schedule; provided that the aggregate principal amount of all Loans extended under this Master Agreement shall not exceed the sum of the Initial Committed Amount plus the amount of any additional Loans that Lender may agree to fund in its sole discretion pursuant to Section 3(m).
R▇▇▇▇ ----------------------------- (Signature) Name: Seba▇▇▇▇▇ ▇▇▇▇▇ ----------------------------- Title: Senior Vice President ----------------------------- Initial Committed Amount: $30,000,000 Notice Address: Credit Lyonnais New York Branch 1301 Avenue of the Americas New ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ ▇▇▇n: Seba▇▇▇▇▇ ▇▇▇▇▇ By: /s/ G.W. ▇▇▇▇▇▇▇▇▇▇ /s/ Susa▇ ▇.
Each Lender's "Committed Amount" at any time shall be equal to the amount set forth as its "Initial Committed Amount" below its name on the signature pages hereof, as such amount may have been reduced under Section 2.02 hereof at such time, and subject to transfer to another Lender as provided in Section 9.14 hereof.
The obligation of the Borrower to repay the unpaid principal amount of the Loans made to it by each Lender under this Agreement and to pay interest thereon shall be evidenced in part by revolving credit promissory notes of the Borrower, one to each Lender, dated the Closing Date (the "Notes") and in substantially the form attached hereto as Exhibit A, with the blanks appropriately filled, payable to the order of such Lender in a face amount equal to such Lender's Initial Committed Amount.
Each Lender's "Committed Amount" at any time shall be equal to the amount set forth as its "Initial Committed Amount" opposite its name in the Commitment Schedule, as such amount may have been reduced under Section 2.01(e) at such time, and subject to transfer to another Lender as provided in Section 9.14.
V▇▇▇▇▇▇▇▇▇▇ ----------------------------- ----------------------------- (Signature) (Signature) Name: Vern▇▇▇▇ ▇▇▇▇▇▇ Name: Laurent Vanderzyppe ----------------------------- --------------------------- Title: Vice Predident Title: Vice President ----------------------------- -------------------------- Initial Committed Amount: $30,000,000 Notice Address: Banque Nationale De Paris New York Branch 499 ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ ▇▇▇n: Phil ▇▇▇▇▇▇▇▇▇ CREDIT LYONNAIS NEW YORK BRANCH By: /s/ S.